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741  Economy / Gambling / Re: Why not create a Gambling platform on Market narrative? on: April 12, 2024, 05:27:18 PM
You are describing something that is very similar to futures trading or prediction markets. These things already exist. Memecoins aren't always listed on them, I imagine it might be due to the high probability of getting badly rekt. You can also just buy these tokens outright if you think their price will go up. The interest in these coins will fizzle out rapidly, so it is not worth building a new platform specifically for memecoins.

Upon all the market narratives and predictions received from many of these platforms, how many of them are that reliable and with the accurate results, we are just trying on our best on so many of these platforms to see if they have something different to offer us and make us retain in using them, but are they actually consistent or reliable in what they give on us, talking about these prediction sites, there are many of them, but we also need to have bearing to h=what we want.
This is still gambling but within the market scope, and I must say it already exists, only that more casinos are not looking towards it for the reason best known to them. And you are right about the winning possibility, it cannot be helping us to win more than the existing casino games with the way casino betting is offering it now. With the way the few casinos offering the market-linked prediction taking it in my experience, it is not just so palatable.

This is obviously an option trading, but they've modified it in such a way that will increase the risk and will make it difficult for the gambler to win. The one I visited recently was just annoying, it is better to resort to good online broker that are offering the traditional option trading than to go for the casinos-kind of options trading because they've already modified it. Those who are new to this kind of betting way would naturally think it is the way it is, but practically, it is not, they only cause it to be more difficult.

So, if all casinos are following this style of betting that is linked to the market with higher difficulty, what is the good point about it to their customers?
742  Economy / Gambling / Re: What are your expectations for Casino coins in this coming bull run? on: April 12, 2024, 05:12:24 PM
-snip-
I think two or three stand out, and those are..

1. RLB - from Rollbit
2. FUN - from freebitco
3. BFG - from Betfury
So, I am brining this dicussion to the gambling community here, and I have just three questions to ask, and they are..

1. Amongst the three casino tokens I mentioned above, if you were to invest in one, which would it be?

2. Are there any new casino tokens you think will do well in this coming bull run? Please tell the community and briefly introduce the project to us..

3. Overall, how are you expecting casino tokens to perform generally, in this coming bull run.?
Let me first say that the bull run being expected by us all is not automatic. What if the market surprises us and does otherwise? We should be extremely careful and let our trading charts guide us.

However, I am not just familiar with the casinos' tokens and among the three stated ones above, the FUN rings so much a bell in my head a little. Nevertheless, we have to be careful here, as tokens like this will have two driving forces which will always be attributed to the; 1. The performance of the casino and 2. The overall FOMO brought to the crypto space by the expected bull run. If the bull run did not happen as expected and the whole crypto market turned bearish, the casino token would follow suit as well.

Above all, let us hope for the best, but be sure that the token you bought has a place you can check, analyse and monitor its chart for effective guidance.
743  Economy / Gambling discussion / Re: Gambling and Betting. Why the Distinction? on: April 12, 2024, 03:46:56 PM
Whatever you choose to call it, gambling or betting, they are the same to me. Both words are interchangeable in a sentence.

Well to me i still don't see any much difference in them since both are all luck based game and when it dispute the gambling theorem them we can have them being classified separately. In sport betting after having all games selected, there odds are being multiplied by the total amount staked to give a potential winning and these depends on luck for someone to win.
Casino games and sports betting are not the same. Sports betting isn’t all luck. It takes skill and knowledge to be good at sports betting even with all that you still need a little bit of luck. Unlike slot games, there is no such thing as house advantage in sports betting. The game cannot be said to be rigged to favour the casino. The odds of you winning or losing depends on your analysis and predictions.
What I can only say here is that people are taking this far, there is nothing different between the two of them, they are certainly the same words that you can use interchangeably and that are best fitting in a particular sentence better than each other depending on the construction of the statement. There are places you will use gambling and it will fit better, and the same thing goes for betting. And if you use them interchangeably in these places, they might not sound perfect just for the right English structuring. That's the only difference I see with them. But for the meaning, reason and purpose, they are the same thing in all ramifications.

Also, we should forget about the luck and skills here, whether the gambling aspect we are dealing with requires skills or luck, this can't still eliminate the fact that we are betting and gambling in them. Once you gamble, you are betting, and when you are betting, you are gambling because the outcome of what you bet for is not known, so you are gambling on that.
744  Local / Politics and society (Naija) / Re: Is Dollar The Cause? on: April 12, 2024, 03:24:42 PM

This one shoke everybody, my brother, I was pondering about the whole situation a few hours ago, I don't just understand, especially the manner in which the Naira has risen but the inflation refuses to subside. Fine, at the start of this whole thing, the forex played a major role in this hyperinflation and economic woe since we are a consuming nation but the fact remains that our people aggravated it unnecessarily. Every sector of the economy started using the inflation excuse to increase prices. No one in the business can be exonerated from this, be it the manufacturers, the wholesalers down the retailers. They were just driving the market as if it is their birthright and the government is just clueless about the whole situation. They are never prepared for anything.

You know say for this country, we dey like get reason for why we dey do some things and this marketers no dey exempted. Most of these sellers get Union and when price of things go high due to a situation, them go attribute cost of goods to that thing and now in this case nah the dollar increment; we don hear of how the naira don dey gain over the dollar as before wey e be #1700 to a dollar, things were bitterly high but now wey e don go down to #1200 as of last time I check, things still dey as e be and you begin to ask why? These unions wey don stamp price like this, anybody wey decide to sell beneath wetin them out fit enter problem with them; you fit dey regarded as the bad belle wey wan put sand for their garri.
 Bottom line be say no be the dollar dey cause price hike, nah just plain corruption and greed of humans.
You brought this out from a nice angle but I wonder if these manufacturers, importers and sellers have unions, why is the government not engaging these unions as well so that they will not indirectly create a monopolistic market that will affect the country negatively? For the record, for me, the government is just clueless, because, naturally, people will always be selfish here in Nigeria, be it individuals or unions, that's why the government should always be prepared, and in this situation create some policies that will weaken their monopolistic control.

Also, I believe this issue is beyond the union, though it is a contributory factor. I've seen people selling the same product from the same manufacturer in the same city as they like where you would go to 5 different places and the average difference of their goods could be about N7,000 for the goods that were formerly sold for N9,000. I believe if it is their union that is emboldening them always, the price difference should not be that much. But it shows that people are behaving as they like, and has continued to influence the economy negatively. Now that we have seen a notable increase in the value of the Naira, we should have seen a notable decrease in goods too, especially with phones and gadgets that are dollar-dependent, but these people will rather prefer to hoard them than sell them at a cheaper price to reflect the market reality.

It takes good souls to change the narrative, but since the mind of an average Nigerian is selfish, it continues unabated.
745  Economy / Economics / Re: Governments and their irrelevant projects just to steal public funds on: April 12, 2024, 03:07:51 PM
~snip

For the first part, you are so wrong, and it shows that you do not understand economics and national security. Without writing stories or mincing words, just research how many times the USA and some other top countries have changed the face of their currencies in the past 2 decades. You should also research the reasons for that so that you will be rightly enlightened about this.



Those who do not dare to openly protest against the government's work and go on social networks to complain are often people who do not understand anything about the country's economy and always like to blame others if they encounter difficulties.

Suppose even if what OP said is true then what is the more important point of this discussion if our opinions don't reach the government or we don't dare to stand up against what they do? If we cannot prevent them or dare not fight them, we should find ways to adapt and save ourselves. Hanging out on the internet and saying bad things about our country doesn't make us any less poor.
Let me start by saying that the first point of the OP in which he talked about the redesigning of the country's currency is certainly not valid because it shows the lack of understanding of the benefits of what is an international practice. But for the second point in which he talked about the corruption through infrastructural development, of course, it is so valid and it happens in many countries of the world. But still, corruption comes in different degrees/forms and infrastructural development might not be the case in some countries if such country is the kind that is strict with auditing when it comes to project allocation and execution.

Nevertheless, as you said, let's assume that such is the case, or generally, we are talking about the corrupt government that is making living difficult for the masses, well, the social medial is power and it's another good medium for people to reach out to the government, only that people do not take it seriously.

Social media attacks have been productive in the past, because that is the way many people can make their voice known, unlike the physical activism that demands your presence, more money and ruggedity. In my country, I've seen the government changing their minds because people called them out on social media in many cases. Even social media is a place where a petitions to be signed by the masses for appropriate bodies to know for subsequent action and sanctions would be known by connecting people to it for a redirect to the petition page. This makes petitions gains more popularity and has helped enough, even to let the powerful people and the highest sanctioning bodies of the world know about what people are facing in the hands of the government and private companies/individuals.
746  Economy / Gambling / Re: Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game on: April 12, 2024, 02:46:06 PM
I calculate risks. And i never bet all in. The same bet for every match i like. After some time i`ve got "bank" for 1 month of loses. After i ended the experiment i withdraw a part of money and decreased the bet size. Today i withdraw some money, mostly once per month, and don`t increase "bank" or bet.
What I can simply infer here is that you are trying to be at the top of your games and are managing your risk as well, which could have helped you better over the years. Also, it shows that you face challenges in this kind of gambling style regardless of how best you believe you know it, which also buttressed one of my points of last week where I pointed to you that though you might be good at what you do but it can't be flawlessly easy, and that we can never erase the challenges that may arise in it (those were not the actual words).

You see, I love to read success stories about gambling, but at the same time, I like to advise people to take it easy no matter what they believe about it. Gambling is never easy and for someone to have that belief to the point of depending on it solely for living is not so convenient and I believe that you are agreeing with me on that now.
747  Economy / Gambling / Re: Why they need a license if bitcon is not money? on: April 12, 2024, 07:44:37 AM
The grievance of people buttress towards the way and manner cryptocurrency was introduced. Cryptocurrency mostly promised decentralization, privacy and anonymity, but the situation now is beyond that. Despite most of them still retaining those characteristics/attributes, the government has found ways to limit them by regulations through the companies and individuals transacting with them. This is a brilliant idea and I will always support it. Cryptocurrency cannot just be operating the way people want unchallenged, not when there are still working governments in the land. Fine, when it first came on board, the government would certainly be unaware or taking time to know how to deal with the situation. Those are the times you mention.
I use to think that way in the past that reasons why many gamblers are against regulations birth kyc is because of how casino handle the subject of kyc and how their go about their marketing,  quite alright some casinos promised to be decentralised and none kyc by along the li e their get it introduced into the system,  although this casinos should be classified in the class of scam casinos because most of the casinos that involve in such schemes always do so with the intended motive to scam the gamblers.

Because no legit casino will ask for kyc when the terms and conditions states their decentralised.
People have really suffered at the hands of those casinos and it could be worse elsewhere. Imagine, decentralisation means that there is no central authority or oversights, so why demand KYC? Who is deceiving whom? Well, a lot of people will still fall victim to this, that's the extent of how gullible they can be. This issue of running away from KYC casinos to find solace in the no-KYC casino has made many become a victim of scams as easily as possible. What baffles me is that many of these people only have a small amount of money to gamble and they got the money through a legit means as well.

So why are they so particular about privacy and no-KYC casinos to the point of abandoning the respectable casinos that would not scam to try those they knew little or nothing about to the point that they lose all the money to them? To make it worse, for those of the casinos who would stay, the No-KYC casino over time may switch to KYC casino, is that not using their heads?
The thing is clear, because when a casino call themselves a decentralised casinos, it becomes 100% free from kyc and by that it means, that casinos have no right to ask players for kyc verification and anytime their so is either their have become centralized to avoid crack down by regulators.


Or their have become outrightly scam being that only when a decentralised casino want to scam someone that their come up with what is not and that way the make it impossible for the gambler to pass through their verification process.
This is a true practice of scammers, they must have intended it from the beginning and they are using the cryptocurrency system to get their evil perpetrated. This is why I always tell people that I will never join them in signing up for the no-KYC casino. And even if I had to sign up for a decentralised casino, I would have thought it through for a long time and would even resolve to choose the old ones only. This will also be happening if my trusted casinos fail me, which I do not see coming for now.

With the way I see it, it is easy for the so-called decentralised casinos to scam if they are not truly decentralised. And these days, I wonder if their Dapps are open-source to make people truly know that they are capable of the independence preached for all parties. In the absence of this, they can do unspeakable evil in the guide of the decentralised system.

That aside, don't you think that judging by the level at which the government is controlling the centralised businesses linked to the crypto space, soon or later, they will start clamping down on decentralised ones?
748  Economy / Gambling / Re: Casinos not asking for KYC to register and play, but do require it to withdraw on: April 12, 2024, 07:17:46 AM
You're only looking at the part that the casino might cheat you. But most of the casinos nowadays will ask for your kyc when your withdrawals are enormous.

Most of the gamblers don't like to process with the verification but many of us as well have just accepted it as if it's a normal thing.

And about the casinos that I am telling as a scam, it's totally about them being a scam and won't allow you to withdraw and not to cheat on a fair play.
If you are a citizen of a nation where the casino operates and sends your withdrawal through a centralised system that is linked to a bank and are accountable for, the casinos may not even ask for your KYC forever. Do you know why? It's because if a person could have a bank account or a credit/debit card that was issued by a viable bank in some countries, the issue is almost entirely solved. Just like in my country, you can't operate a bank account without your BVN and NIN, and these two are powerful enough to trace you at any time because they have all your details as possible as it could, including your entire biometrics.
Why talk about bank account where you're a crypto gambler. I know that there are gamblers that still does their deposit through their cc or bank deposits but most of the banks are refraining their customers to do transactions related to gambling.
Are you telling me that it is by force we deal with a crypto casino? Heck no, it is a choice. In the bid to dodge the KYC, if that is the right approach to do, why not? This is even better for some people to bet with their local casinos because they can make deposits and withdrawals almost free, wager with a very ridiculously low amount and also continue to gamble without having to go through the stress of the KYC which is the contention here. I see nothing bad in that because money is money unless you want to prove it otherwise that fiat money is not money again but something else.

But for your last paragraph, whose side are you? Casinos can cheat their customers while playing or deny withdrawal, the two are common, so we should just pray we are not a victim and try our best to gamble with the right casinos.
Quote
I am on the side of who's right, whether a casino or a player, we're all on the same side and that's about being fair to all.
It is easy to say but I doubt you are on the side of fairness. Because you can't be and still let your post reflect the fact that casinos can never cheat when the games are being played but only in the area of withdrawal.
749  Economy / Reputation / Re: If you were a campaign manager would you select these members for campaigns? on: April 12, 2024, 07:02:24 AM
Ever since M!xers were expelled, some good and average posters are still looking for the campaign to join, while some have but want to switch for the better.
You want to say that there are good posters who were unable to join any signature campaign since the beginning of the year, despite them being active and constantly applying? Yeah right.
Not at all, you got the whole of it wrong perhaps since you brought this out of an excerpt. I was just explaining what happened at times when a running campaign that was formerly CFNP becomes OPEN again where the campaign manager might need one or two participants to fill some space up. In this campaign having opened it again, I do see enough good-quality posters applying but since there was a limited space to fill up, the CM would have to choose the needed few. This is even as shitposters could be many in that campaign, and fine, good posters will surely get another campaign sooner or later after then.

However, the gist is that if the CM is fully aware of the shitposters with their plainly annoying posts, just because more quality posters applied upon the reopening of the campaign, he would have had the chance to replace them easily. This is just to clarify that it is not always about the scarcity of quality posters at times but the overwhelmingness of the CMs just as I indicated in my first post.
750  Economy / Gambling discussion / Re: Double your money and quite on: April 11, 2024, 10:59:25 AM
-snip-
What do you think of this method?
You made the whole thing look as if it was that easy. Profiting through gambling is never easy and the casino's section of it that you mentioned is more difficult to warrant the person having that mind of doubling the money. For me, it is better we are neutral in gambling to avoid psychological issues when the plans are not forthcoming.

Quote
Is there anyone among you who does it?
Well, I am not among those who do that. What I do is have my gambling budget and plans and know the maximum session I can spend gambling to avoid excesses and wastefulness. This is irrespective of the money gained or lost but calculations and timing. Also, in sports betting, I try as much as possible to bet on the team with odds of at least 2.0, though slightly lower and higher odds are also welcome. With this, I know I could double my gains, but I have never viewed it in your way.

Quote
Give us one of your winning strategies, of course if that is possible.
My only dependable winning strategy is in sports betting where I know the information of the two teams to bet the winner among them. My betting is about 90% inclined on this as far as sports are concerned. Though the big money is not there, it is a way to earn decent money in sports betting if it is well managed.
751  Economy / Gambling discussion / Re: Gambling and Betting. Why the Distinction? on: April 11, 2024, 10:40:22 AM
I was today years old when I found out that if betting and gambling isn't exactly the same thing. If you Google the word betting most of the  results will be in regards to sports betting. Also Google the word gambling and you will see most results refer to casino games. In my own opinion whether we bet on the outcome of a sports event or we bet on games of luck and skill in the casino, they are both the same thing. Which is why I wonder why there is this distinction between the two? Why can't we say casino betting just as we say sports betting or sports gambling just as we refer to the casino when we talk about gambling? I know it sounds weird saying casino betting or sports gambling but what do you think about this?
Lol...You know what? One thing I've learned in life is that, at times, the more you look, the less you see, and the more you seek, the more you confuse yourself. Why not take it simple, for you not to get yourself confused? Next time, I advise you to visit your dictionary for the words that are misleading to you, and not Google to avoid random and unverified teachings, except you would use Google's dictionary, which will still serve the same purpose.

Frankly, betting and gambling are the same thing, there can't be a controversy here, because Betting is a form of Gambling. When you gamble, you bet on something, and when you bet on something, you are actually gambling. The two are even more than synonyms, they are the same thing that fits a sentence or write-up differently. Do not let sports betting and casinos deceive you, it's not a big deal to silence the betting in casino labelling.

As a matter of fact, gamblers are betting on games of choice in casinos.
752  Economy / Economics / Re: Governments and their irrelevant projects just to steal public funds on: April 11, 2024, 06:05:12 AM
Should I advise you? This kind of discussion should be written in your local thread for effective discussion.
Agreed.  I have no idea what OP is talking about exactly, and as is typical for members here, very little details are supplied as to what's supposed to be the topic.  I initially thought this might be about the US government and all of their excess spending on idiotic shit, but apparently not.  That's fine, too since government waste has been a contentious subject likely since the beginning of society and governments.
But if I may ask, how can citizens effectively engage the government in that they can curb some of these corruption cases in the financial sector across the world.
I believe the answer to the question you asked is always in front of you. The citizens have always shown their dissatisfaction through various means like activism, protests, suing of government, and reporting them to international bodies and allies among others.

However, the right question is, are these working? The answer may be a capital No in most countries. Naturally, if a country has good leaders, there will be no need for the citizens to go that length but to engage the government with constructive and creative ideas that can move the country forward for the common good of all. This means that it will be for the benefit of both the government and the citizens even if the government is bereaved of ideas.

Sadly, irresponsible and corrupt governments will continue to find excuses and get more advanced in how to steal public funds, even as they turn a deaf ear to the cry of the people.
753  Economy / Gambling / Re: Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game on: April 11, 2024, 05:47:53 AM
I never said that it is easy. It is really difficult to get nice profit from gambling. And it is like a job. You mustn`t have emotions, you must wake up several times per night, you must be ready to bet every moment of your life. Several times i went to buy bread with a notebook. And only in such a way you can become successful.
I`m good specialist, so my salary is high enough, that`s why i made such choice. But if someone don`t get big money from the job, he can try to get it from gambling. The main problem is that the main part of gamblers think that it is easy money - look at the match and win. No! It doesn`t works so. It is the way to lose all your money and think that you isn`t lucky enough.
I quite understand you, but what I still do not get is how gambling is like a job as I boldened above in your reply. "Emotion" aside, I would like you to elaborate on that because I view them differently, as gambling is a mere activity of betting that should be for the extra daily activity either for the fun or for the money. And even if gambling should be engaged for the money, it should still be for the passive income and not for the main income, this is to avoid financial issues. Relying on gambling alone is even more dangerous, which is a strong call for emotion and will in turn ruin the gambler.

But for you to call it something synonymous with a job and make us believe that if your main job is not paying so high, you would have opted for gambling is what I still do not understand, and perhaps, will not agree to that as well. Gambling is not easy my friend, it is not what I will ever agree to for anyone to do and believe it will feed himself, the family members and the dependents easily. This will only cut the expectation of the person short and cause desperation, and this will lead to frustration over time and also grow to depression if care is not taken. It is easier to say than practice, and I hope you will not try this ever.

By the way, which aspect of gambling are you playing that gives you the high winning rates that encourage you this much?
It is sport betting. Low leagues mostly, mostly live. You don`t watch the match, you don`t cares the result, you just analyze matches and searching nice odds. Sometimes if you don`t sure - look statistics or translation to understand how they plays. You calculate your bets, profits and loses. Every week you calculate the result and decide to increase or decrease bet. All bets are the same - the same sums for every match. Every month you calculate your money and decide what sum to withdraw. Permanently search new bookies, compare odds to get the best result, search matches.
I must have skipped this reply of yours, I was expecting it. Oh, nice, sports betting is the best option in gambling as far as I know and it is such that the house does not have any advantage over it. If you predict well, you earn well, and if you can take higher risks, you earn more. One thing that is best about this is that no sportsbook can change the result of any game, which makes it fair in all ramifications. We should only try to be a better predictor, which is the only way that will increase our chance of winning. Luck is also important here, but first, sports betting is the betting aspect I know that luck is not so required but how best the gambler is fully informed and uses what he knows to bet right.

Notwithstanding, it is not as easy and convenient as you made it look. I am also a good forecasted when it comes to sports betting and I have earned a decent income in it. I am good to the extent that I could risk it for a living but I will never do that because it may cause unforeseen financial issues through the desperation that can result from total dependence. It is better we are betting and also working, after all, if we are good, it will only be a passive income for us. We should never forget that sports betting has its own challenges too and we should not neglect that for any reason. And when the challenge comes, you will ever wish you never quit the job for it.
754  Economy / Reputation / Re: If you were a campaign manager would you select these members for campaigns? on: April 11, 2024, 05:18:18 AM
If truly some CMs had seen what some posters wrote, they would have evicted them a long time ago, but they remain in the campaign.
Or they know that they won't be able to attract better posters than the ones they want to kick, therefore letting shitposters stay in the campaign.
I don't think so, at least most of the time. Since I joined the forum, there have been a few times that the available campaigns will be more than the qualified users wanting to join. Ever since M!xers were expelled, some good and average posters are still looking for the campaign to join, while some have but want to switch for the better.

But what I noticed is that when there are new openings by the campaigns with some shitposters in which more qualified users applied, the CMs only take the needed number of users at that time and CFNP the campaign again. This is despite better posters applied and shitposter are many in such campaigns. So they are not always short of better posters but are overwhelmed with the high number of users to manage. It's obvious they do not know the nonsense many users are writing because some are worse to the point that what they wrote should have naturally angered the CM to send them out.
755  Economy / Gambling / Re: How to self exclude from anonymous gambling sites on: April 11, 2024, 05:02:54 AM
I've seen that people who win with little wind and the truth is I don't know how they do it, they enter any game and it's as if luck were with them, sometimes I think it's something divine that helps them, For that reason, when we enter a caisnol we must enter without any problems.

Winning with gambling is sometimes unpredictable because we most often don't know we are going to win and at the end, we have it as a surprise by seeing the winning coming, if we plan to win and try every effort, we may not see such coming, while the least time we expect any winning is when we may happen to realize one, this alone tells us more about how we can be independent with our gambling, expecting to see the winning coming and if it does not we move on.

Well that's obvious, I'm sure that someone who understands the whole concept of gambling and how winnings work would say the same thing that gambling is an activity that can never be predicted to result in a win, or that means you never know when you're going to win. However overall winning is always dependent on luck which means that when you are lucky then you will also win by itself, and maybe I would say that does not mean that when you try everything that you think can bring victory then you will lose, not like that because however if only at that time luck comes then you will definitely win.
Or it could be a scenario like what you said above that when we don't expect to win at all but the victory comes by itself, the point is luck applies to any situation.
One of the issues with gamblers is that they do not often plan ahead for the worst, this is bad. If one would be fair, one should have been neutral about gambling as the outcome could be positive or negative, and when it is negative, one should not take it too personally, because it is all about your skills and luck depending on the aspect of gambling you are betting. You don't have the absolute control over anything here. This is more reason why gamblers must prepare themselves psychologically and get that budget calculated with the right management and plans so that when the loss is predominant, it will not cause any issues for them.

Also, in the case of winning, they can be happy, but the excitement should be minimal as well because no one knows what will be the outcome of the next bet. Can you imagine? Regardless, this is the right psychology of gambling, we should not relax, we should not believe anything, we should not blame anything or anyone, we should not be overconfident, and we should just be neutral with gambling and expect less. I am sure that the gambler who thinks and acts like this will never be affected no matter what, and they would have preplanned for the worst, so when it now comes, it will not be a big deal anymore. No better way to preserve our gambling psychology than this, as it enhances responsible gambling activities.
756  Economy / Gambling / Re: Casinos not asking for KYC to register and play, but do require it to withdraw on: April 11, 2024, 04:44:32 AM
That's the best thing that a gambler can do if it's about choosing a casino. There are too many options but many of them as well can be better than the others who don't really have concern to their players.

And some may turn out into a scam and can give you headache when you're about to withdraw your money.

KYC is normal nowadays but those casinos that offers no kyc are the best choice that someone can have for playing fair and square upon withdrawals.
I don`t understand what connection is between KYC and fair play and withdrawals? The KYC can`t help you if the casino cheats and the same time casino without KYC can`t guarantee you fair play. There are nice casinos with KYC and fair play, there are the same casinos without KYC. The only difference, as for me - that it is easier to choose the casino with KYC. So just decide is you afraid of KYC or not and choose the casino.
You're only looking at the part that the casino might cheat you. But most of the casinos nowadays will ask for your kyc when your withdrawals are enormous.

Most of the gamblers don't like to process with the verification but many of us as well have just accepted it as if it's a normal thing.

And about the casinos that I am telling as a scam, it's totally about them being a scam and won't allow you to withdraw and not to cheat on a fair play.
If you are a citizen of a nation where the casino operates and sends your withdrawal through a centralised system that is linked to a bank and are accountable for, the casinos may not even ask for your KYC forever. Do you know why? It's because if a person could have a bank account or a credit/debit card that was issued by a viable bank in some countries, the issue is almost entirely solved. Just like in my country, you can't operate a bank account without your BVN and NIN, and these two are powerful enough to trace you at any time because they have all your details as possible as it could, including your entire biometrics.

If the gambler did not want to bother himself with an additional KYC completion with a local company, that grace is possible. So such should stick to the local casino if it is possible in his country. These casinos will not even call themselves a no-KYC, but still, they will not ask you for the KYC because you've indirectly done it through another trusted company. However, when you are dealing with cross-border casinos on the internet, it is required that you do the KYC. This is irrelevant of whether they asked it when you file for a withdrawal or not, it must be obeyed and I wonder why people do not complete this KYC right immediately after registration instead of crying foul later.

But for your last paragraph, whose side are you? Casinos can cheat their customers while playing or deny withdrawal, the two are common, so we should just pray we are not a victim and try our best to gamble with the right casinos.
757  Economy / Gambling / Re: QuitGamble.com - Free Help for Problem Gamblers on: April 10, 2024, 04:51:29 PM
Gambling is not bad generally it is only when you form it a habit by allowing emotions attached to it, many goes to the extended of borrowing money to gamble or even gambling with the amount that they can not afford to loss and at some point making gambling to look like a crime while it is legalized. Gamble responsibily by only gambling with what you can afford to lose and still remain yourself.
never that gambling is a bad place but the problem is how we deal with it , how we manage to gamble because if you deal with gambling seriously then that will make you a complete loser because sooner you will become addicted.
and when you starts borrowing money to use for betting then you are already considered as addicted gamblers.
On the time that you are already spending into those amounts on which arent supposed to be spend then this do obviously signifies that you are already addicted to it and it is really just that better that you should stop it immediately if you dont like to mess up your life because of too much addiction. No external services or help that could really be totally be able to help you out with your addiction and it would really be just that be on yourself decision whether you would really be quitting for good or you would really be deciding for you to tolerate out such addiction. It would really be just that a matter of choice.

On the time that you do find out that you cant really be able to solve out such addiction then this is the time that you would really be seeking help from your loved ones. Things turns out
to be that a devastating thing if you do tolerate out such addiction. People do usually stop on playing gambling on the time that they dont really have money for them to spend on.
However, some begin to actively seek money to continue their games.  And here the degradation of personality practically begins.  Such a player cannot repay the money borrowed from friends and acquaintances because he has completely lost the money.  The attitude of the people arolund him and his close relatives also changes dramatically.  Nobody lends him money.  And such a player begins to commit crimes, and he begins to steal.  Well, it ends in court and prison.  Well, in prison there is no way you can lose in normal and decent gambling games.  This is of course the saddest ending to the passion for gamblng.  Sometimes there is a better option and the player is cured.  And continues his normal life.  
But still, such cases with criminal outcomes happen quite often in many countries where gambling is very widespread.
Stealing for the sake of gambling is the height of it and I have never seen or heard of that story before. Not with the uncontrollable ones I know, they always have their limits, and when there are no friends and families willing to give them money anymore and they do not have anywhere to borrow from, I believe they often accept that situation as their last and do not resort to stealing. In my thought, I believe the person who went to the extent of stealing to gamble is a criminal on his own, I will never take the excuse that it is the addiction per se that led him into it but the lack of contention and for his desperation for "money."

Still, he might gamble with part of the money but definitely not with all, meaning that it is not all about gambling but for the lack of money at that time. The scarcity of money can bring many unthinkable thoughts and acts, but nevertheless, it is out of greed that people do this. They can do unspeakable things due to greed and I know they do not have a single bardonable excuse for it. If you need money that desperately, why not go do menial jobs, after all, such jobs are readily available, and they are sufficient enough to satisfy the immediate need.
758  Economy / Trading Discussion / Re: Is trading good for beginners? on: April 10, 2024, 04:17:28 PM
Using a demo account is a common practice nowadays. Before it was like a real thing that you have to experience everything with plain cash and you bear the losses that comes from it. But this time, you can have these tests and trials for your own convenience whether you think that you'd be good and you'll be able to make some real money afterwards. So, it's up to the trader as a beginner on how he's going to see himself and judge based on what he's got whether he's good or not yet.
You're right, it is a common way to use demo account but not everyone wants to try demo account. Some people prefer real trading, they can get the basic information about trading through YT video. However, it is always using small funds when it is the first time trading. This is also the right way, people want to get real experience in real trading. If they use demo account, they won't get real experience. However, it totally depends on the individual of the beginner whether they think demo account is needed or not.  Wink
Yes, no doubt that there are newbies that want to do it with real trading and that's why they're all good with losing money as they start because they have no control over it. They are learning on a quicker phase if they do that and that's the reason why they're doing everything they can as they keep up with how they're building their strategies when they start. Nothing wrong whether demos or real money, the important thing is you're learning and trying to be good at it.
I strongly disagree with you. There is a whole lot that is wrong for a newbie to start with a real account, I will never advise anyone to try that unless they are just prepared to lose money senselessly. The demo account is the right account for the beginners and they must get to a certain level of professionalism before they can start introducing themselves to a live account for their money safety. Although this is not advice binding for everyone, especially those smart ones who can be determined to use the live account for training but with a ridiculously lose risk. Even at that, I prefer the cent account for this kind of beginners because they might think that they will be able to cope with the low risk in trading with the live account but emotion may creep in at any time to force them into acting against their initial plans and losing more than what they bargained for.

I've heard enough stories about trading. I mean stories that are good, bad and ugly, and among them, the most disastrous are those of the new beginners that are headstrong, they are too confident believeing that they know it all just because the market was favourable when they started. They could be tempted, deceived and hardened to the extent that they would even add more money, but in the end, they will lose everything. Even if they invest again, they will still lose it. This is why it is good beginners are wise, the Management and Psychology are key here in beginning. It take time before you develop them properly and be on top of your game. Why not wait instead of wasting money?
759  Bitcoin / Bitcoin Discussion / Re: Crypto or Real estate on: April 10, 2024, 03:57:27 PM
I think both have their own advantages and disadvantages.

Crypto offers high volatility and potential for high returns, but also comes with a high level of risk and uncertainty. Real estate, on the other hand, is more stable and seen as a tangible asset that can provide steady passive income through rental yield. The choice between crypto and real estate depends on an individual's risk tolerance, investment goals, and financial situation. It may be beneficial to have a diversified investment portfolio that includes a mix of both asset classes to manage risk and optimize returns.

Very fair and clear review, thank you. Real estate, bitcoin, gold or stocks are all investments with their own potential and risks. And which investment to choose depends on each investor's taste. We can't say that bitcoin is the best just because we are bitcoin investors or just because we don't have a lot of money to invest in real estate and think it's a worse investment than bitcoin.

Personally, I choose bitcoin at this time because I don't have a lot of money to diversify with real estate or gold. But if one day I have more money, I will diversify with real estate and gold, I will not depend only on bitcoin because it is too risky for my assets when I only focus on 1 asset.
That's the main point.
It's up to the investor what will be his choice. The reason is there are types of investors who are good at Bitcoin investment, they can easily understand, and so on. Some are good in other investments such as real estate, while some are good in both. It depends on the personal choice and where they feel more comfortable with their investment.

Frankly speaking, real estate is an extremely safe asset and investment and is everyone's dream because of the need for housing, it can generate passive income...so many benefits when own real estate, not just hold and wait for the price to increase. But we are on the bitcoin forum and there are a lot of people who like to lie, they don't have the money to own real estate and they are relying on bitcoin to hope to become rich with a small amount of capital. And they are willing to badmouth all the things they cannot own or invest in.
But for me, Bitcoin or real estate... are both good investments and the choice depends on each person's needs and preferences, there are no bad investments here.
Let's not think of it that way. View it on the positive side, think of those people who only rely on Bitcoin with not have enough information about real estate investment. The same as me who didn't know anything about it until I realized and learned about it. Maybe they can see Bitcoin as a much better investment than real estate, but the time will come they will know that both are good investments.
The way I view it is that investment is investment, just be smart in doing the one you choose to engage in. If I were anyone, I prefer engaging in the two of them, this is the smartest way instead of comparing the two. This is a good means to diversify your portfolio and I do not see a good investor that will do otherwise. It is good to avoid putting our eggs in one basket, and Bitcoin as you see it, is a seasonal investment, it is not the best investment as people think. Couple with the fact that it is an online investment, everything is virtual and anything can happen at any time. We should plan better instead of giving kudos to one over the other.

You should know that the real estate business is physical and very practical, I love it, and if luck visits you in it, you can earn your 5 times profits easily from it depending on the location, the time dedicated to it and how good you are at it. However, what I advise people to do is to invest their sold Bitcoin during the bear season of the coin to avoid letting the funds be idle. Or you will still invest in Bitcoin when you are fully aware that it is selling in the long-term disposition during the bearish season? I guess no is the answer. This is the time you even use the money to make more money so that you can buy it back at a lower price when you either believe it will bottom or confirm a viable bullish trend after the bearish phase must have ended.
760  Local / Politics and society (Naija) / Re: Is Dollar The Cause? on: April 10, 2024, 02:04:56 PM
-snip-
Wetin be the main reason for this particular one?
This one shoke everybody, my brother, I was pondering about the whole situation a few hours ago, I don't just understand, especially the manner in which the Naira has risen but the inflation refuses to subside. Fine, at the start of this whole thing, the forex played a major role in this hyperinflation and economic woe since we are a consuming nation but the fact remains that our people aggravated it unnecessarily. Every sector of the economy started using the inflation excuse to increase prices. No one in the business can be exonerated from this, be it the manufacturers, the wholesalers down the retailers. They were just driving the market as if it is their birthright and the government is just clueless about the whole situation. They are never prepared for anything.

What I expected to be strongly affected by the FX-made inflation are the imported goods and services, while the locally made goods and rendered services should increase a little bit. But Nigerians used that opportunity to earn more which triggered the hyperinflation. And since there is no viable competition due to the border closure and the discouragement caused by the low naira value, it continues unabated. I wonder if the pepper sellers sort for FX as well to sow and harvest it to the point that N200 now was the value sold for about N50 in less than a year. Sugar moved up by about x10 in 3 years. These are abominations and can only happen in Nigeria.

Now, about the housing, we can't entirely blame the landlords but they contributed as well. The high cost of building materials should be considered also. However, the wickedness here is that the house that was built 5-10 years ago without any renovation is reflecting the inflation to the point that the house of N250,000 a few years back is now about $750,000. All these are too much and show the wickedness of Nigerians. Nigerians are all just selfish and the blame is not on FX and the government alone but on everybody.
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