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741  Economy / Gambling discussion / Re: Streamer wins seem too good on: November 18, 2023, 05:08:18 PM
The only ones who could determine what is really happening, are the streamers themselves and of course the gambling site. I think there is a demo server wherein these streamers are playing, which is also being displayed on promotional videos and not with their streams. It would be hard winning continuously and with big rewards in gambling unless they are too lucky for such feat. There is a possibility that the platform is rigged but it would be hard to determine. If it is with promotional videos then this is not surprising simply because the aim of such creatives is to encourage players to engage on their platform making it to seem winning easily. But if you’re aware of how reality works, the house will always win therefore there’s really no such thing as consistent winnings just like what they are trying to show.
742  Economy / Gambling discussion / Re: The most important thing in a betting site on: November 17, 2023, 11:55:28 PM
what's the number one thing on your list?

There isn't just one important thing when it comes to a betting site. It is important to consider several factors when choosing a sports betting platform, including ease of use, a wide range of sports and betting options, competitive odds, secure and speedy payment methods, dependable customer support, and a strong reputation in the industry.

With sportsbetting, that would be on one’s preference; not everyone is into it. But in general, the only thing which every gambler would want to is security of their funds, that they won’t be scammed or that their money would be withdrawn safely and without any problem. All gambling platforms could offer huge bonuses and such but not all would be trustworthy enough in the long run, with or without KYC procedure.Platforms should be responsive as well with issues, which isn’t something common even with the big names in this industry. Every platform will have its problems such as changes with rules and procedures, bugs and the likes, but their actions towards those problems would matter the most in my opinion.
743  Economy / Gambling discussion / Re: What do you bet on when your league is in break? on: November 17, 2023, 11:15:22 PM
As much as I want to bet, I am also taking a break when the sports I am into, is at the break. One reason is to avoid greed; engaging to different sports just for the sake of making a bet is greed in my opinion. I’d rather not get any profit on off season than to lose huge amount of money with frustrated bets. If you are into particular sports you’d know for sure and you’d have bigger tendency to win or to have winning bets than betting into something you know nothing about as if you are just guessing. If it is a typical gambling game then that’s just fine but since we are talking about sportsbetting wherein analysis work, then we should just make full use of it.
744  Economy / Gambling discussion / Re: Math and Gambling on: November 17, 2023, 05:31:17 PM
I've played poker many times. Of course, knowledge of math and probability theory is of great importance here. You also need a good memory to memorize the cards. and you need to be able to bluff and hide your emotions - you can't do without it. this is the rules for good players
Aside from memorization, card counting, and simple mathematical operations to determine the best cards, there’s nothing more of its application with gambling games. Algorithm on the other hand indeed works but is something complicated and will not be understood by ‘normal’ players. Also it does not work to most of the gambling games except card games. Luck is still a better determinant of the result more than patterns created without any firm evidence. These two concepts could be related with the other but nothing will definitely determine a winning outcome. Gambling itself is a tournament of luck and no matter how good your analysis is, if you’re not lucky on that day, then expect less from losing.
745  Economy / Gambling discussion / Re: What I've learned so far as a gambler on: November 17, 2023, 04:56:16 PM
I agree with you, given the fact that winning in a casino is something of great difficulty, so when a person wins, even if it is 30% of the money he put into the casino, that person needs to stop playing and withdraw, be very careful when return to playing at the casino, ideally, when that person returns to play at the casino, they play with only the 30% profit they made in the last section. This could allow the person to at least be playing without being at a disadvantage. now things have become dire if or when that person loses the 30% profit they made in the last section and has to put more money in their pocket

When this happens and that person loses money, then that person is already in a loss scenario, he will put money in and will lose and the cycle will continue until the day he stops playing forever or becomes bankrupt if he insists on playing with goals. to recover lost money. I always say that a person will make a profit at the casino when that same person has the great luck of winning a lot to the point of covering all their losses since they started playing at the casinos and then stopping playing at the casino, and when I talk about stopping playing, I mean never playing again. now when a person wins a lot of money and continues playing, then it is unlikely that they will end up with a profit, all the money they won will stay in the casino

This precaution can only be taken when you, as a gambler, have discipline and play responsibly in casino gaming. Because if we don't have any self-control and can't control our emotions, it's no wonder that greed enters our bodies.

We should really learn to be satisfied that if we win, we stop immediately, whether it's big or just the right amount, and at least you have brought home a profit from gambling; after all, it's just pure luck-based.
Satisfaction does not only come with winning but also with losing. If you have consumed the amount you allotted for that day, that should be enough if self discipline would be imposed. But if not you’ll just be tempted to play more with a purpose of getting back with what you have lost. Losing is more certain in gambling which is why imposing self discipline such as setting a limit with the amount you could bet, would be a huge thing in your career as a gambler. Chasing winning bets is a normal thing but the way you would chase it such as being frustrated to meet such feat, will never be a good thing to do.
746  Bitcoin / Bitcoin Discussion / Re: Some rich person not interest about bitcoin for following reason on: November 16, 2023, 07:23:28 PM
Well we can conclude that not everyone will be interested in Bitcoin no matter how much we try to explain it to them. Also, people will always have different opinion regarding Bitcoin. If he's rich enough, then there's no need for him to explore crypto especially if he's not interested since he's already earning a lot of money on the field he's on. And Bitcoin isn't something you can just understand within a short period of time without learning and exploring it. It's an investment. Maybe he doesn't want to exert much effort or maybe he has no time to learn about Bitcoin. So if I know someone who's not interested in Bitcoin even after explaining it to him, then I'll let him be. It's hard to persuade someone who's shows no interest in the first place.
Yes it may be that we are not able to explain science to rich people. They have enough money so they can't do it the way we think of Bitcoin and they don't feel the need to think that way. This is because when we try to convince them about Bitcoin, his focus is not on us, he is more concerned with other mediums. That's why they don't want to understand these things but if you can explain them properly then they will be attracted to Bitcoin too.
It’s not the knowledge but the interest itself. We’re not required as well to encourage them; we let things happen. Some rich people are not interested with this technology because of their own reasons. Some would be avoiding risks due to high market price volatility. Some would be concerned of this blockchain’s security. And some would be worried of its adoption across countries. They perceive other assets as more profitable which is not a bad thing as for them. We just have our own choices and mindset of where would we engage our money to chase after profit. It is however bad to just put all of your money into a single bucket. I myself have real estate investments ‘coz why not? Sometimes it is not just they don’t know anything from Bitcoin but just their choice of not getting involved to it, which is every investor’s freedom.
747  Economy / Gambling discussion / Re: How discipline are you in managing your bankroll? on: November 16, 2023, 06:46:40 PM
Recently, I've had some issues with bankroll management. Although I've been gambling for years, sometimes I feel the urge to get more action because I'm not satisfied with my winnings. It's as if there's no tomorrow, and seizing the moment seems like the best option. However, whenever I become undisciplined, it usually doesn't end well. My realization is that no matter how good you are at choosing the right bets, without discipline in bankroll management, you'll still end up losing.

Could you please share some of your honest experiences here and how you became a disciplined gambler, particularly in managing your bankroll? What factors do you consider to be satisfied and to stick with the game plan all the time?

Very well said and it's true. No matter how good we are at betting or how lucky we get but if we don't manage our bankroll well then we will end up spending more on betting and this will eventualluy end us up in losses.
I personally think that the best way to manage bankroll is to deposit only a limited amount that we can afford to lose.
At the end of the day, we need to limit our losses so that we don't end up losing more and we won't lose more if we don't have more money in our account.
Making a deposit less than your usual is a good thing. To some it won’t be of any help but the fact that it is tiring sometimes to deposit an amount, would help you limit your gambling bankroll. Another is to separate the amount you would be using in gambling, on a daily basis such that if you have lost the amount for that day, you’d be in guilt extending your gambling budget. Last is of course, self discipline; simplest yet the hardest. However, no plan will happen if you would neglect imposing your own discipline especially in gambling wherein one’s emotion could take him over. Set the right mindset; win an amount then stop, lose it all for that day then stop. Accept that it won’t always be our lucky day and that there are times losing would be more frequent.
748  Economy / Gambling discussion / Re: Why do you want to play on casinos without KYC requirements? on: November 16, 2023, 06:05:25 PM
I was thinking about this question over the weekend and I cannot seem to find legitimate reasons why people would want to play at casinos that do not require KYC verification.

1. KYC requirements reduce money laundering.
2. KYC requirements reduce under age gambling.
3. KYC requirements increase the possibility to hold people to account for their actions. (Exploiting casino systems)
4. KYC requirement reduce scamming
5. KYC requirements can be used to restore accounts after it has been hacked. (Using the documents that were used by the original owner)
6. KYC requirements adhere to government regulations and legitimize a casino.
7. KYC requirements can be used to reduce gambling addiction. (Identifying people that self-excluded or people trying to create new accounts)
8. KYC requirements can be used to enforce regional gambling restrictions.  

Why would you want to avoid being identified, if you gamble legally and if you are not a criminal? Let's discuss the reasons why KYC are not advantageous for the gamblers and casinos?

Ps. I am playing Devil's advocate... if you did not notice it.  Grin
I am not against KYC requirement in gambling but the thing is our privacy and security. When there is a data breach our personal information will surely be compromised. KYC is good to be honest as it prevent the possible money laundering and scammers or any other illegal activities within gambling sites and or facilities.
KYC plays an important role in suppressing any illegal activities. Although Crypto Casino was intended as a gambling platform without KYC, many miscreants are taking advantage of this opportunity, which is one of the reasons for breaking the peace order for any country. KYC plays an important role to get rid of such situations. Moreover, KYC has also been made mandatory as per the laws of the country. If there is no misuse of KYC information then I don't think it will be too much of a problem for anyone but otherwise there is a risk of gamblers losing their information.
KYC procedures has its own importance but we cannot blame gamblers who are against it simply because they are conscious of their personal information which is on the other hand could really be at risk. On my end, I’m fine following KYC requirements as long as it is on trusted gambling sites. The only thing which pushed me to do so is the idea that a reputable platform won’t throw its reputation just for the sake of IDs and names of small time gamblers unless private keys are included. From being here in this industry for years, fortunately I haven’t encountered any problem concerning KYC procedures. But of course this should not be an excuse for us to take extra caution of sending informations especially to new gambling platforms.
749  Economy / Gambling discussion / Re: Winning big amount after watching streamer on: November 16, 2023, 05:35:42 PM
Does not guarantee anything,still.  If by any chance that’s just luck but I do congratulate you for winning given that it is not really your game. Those who are playing slots would understand what I’m trying to point out; the game itself won’t give you any pattern. Result would be purely based on your luck the moment you are playing. Watching a streamer or simply other gambler winning, won’t increase our chances of also doing so.It’ll just encourage you to play and nothing would follow. This is not to discredit your win but to open the eyes of other players who would have thoughts that doing such thing before playing will result to a better outcome wherein as we all know, it won’t.
750  Economy / Gambling discussion / Re: For sports bettors, are you attracted with bet builder feature? on: November 15, 2023, 07:25:26 PM
Well yes. The idea of betting small amount with the tendency of earning huge profit is already tempting. Problem is the difficulty of winning; bigger the odd build, greater the risk of losing. Best way is to lessen expectation with bet/odds ratio. Greed is a powerful factor which often yields to loss. There are just people betting a small amount with a 10 odds, some would make the kdds higher, still for the sake of earning more. I do bet still with bet builder in particular with Basketball related leagues.If you’re into risk then you might be attracted with this one aside from the kind of sports which would allow you to enjoy and embrace the risk of losing but hitting a jackpot if would be fortunate.
751  Economy / Gambling discussion / Re: A tip for staying resposible while gambling. on: November 15, 2023, 06:46:53 PM
While gambling some people gamble with small amounts which is not very important for them, but for those who are new to gambling and not able to control themselves or play with something reasonable amount.
So I have a tip for them you can stick a real paper money note in front of your monitor which will remind you that money is hard to earn and play responsibly or don't play with big amounts.
the note will remind every time that how you earned that money, and if you are controlled and this tip is not very important for you them you can ignore it, but i found this helpful.
I know that this has been tackled so many times but I will also give my own personal opinion regarding this topic. Just don't play with your hard earned money it is advisable if you do it with only your extra money. Have limits so you won't end up with huge loss.
But your extra money for sure is a portion of your hard earned money. Also there's this thing wherein the easier you earned it, the faster it would be spent. Best thing to do is to gamble an amount you can afford losing. A simple statement but complex if we would break it down ‘coz no one would really afford losing in the first place. Definition of this phrase is to bet an amount that if it lose, you will have no problem at all and you won’t be having problems of losing it. Instances which imposes the opposite is betting your borrowed money; if you lose you will still have to pay it which means you quite lost 2 times. Unlike with just betting in line with your tolerance and financial capability.
752  Economy / Gambling discussion / Re: Do you guys believe in other people luck and try to copy them? on: November 15, 2023, 06:03:32 PM
I'm not the type of person who is sure about copying other bets, even though that person's betting history is quite positive, but I'm just not sure. Because I think each person has their own analysis and luck, so when we copy that person's bet it means we don't depend on our own analysis and luck, which I'm not sure about. I would rather end up losing with my own luck than relying on other people.

That is one way of thinking about it,yet yesterday night I won two other bets,one with odds of 6.x and one with a bit higher,I am just loving to hit these bets which are multi games as before when I used to do my own analysis most parlays failed me but I was somewhat good in getting single bets right.The problem with single bets though is that they need a lot of money and once you hit a lost bet you immediately feel down dramatically,now I started this strategy of copying other people bets with 15.000 IDR and I am now at over 60.000 IDR,not the best but a good start I say,I will see how I do in the long term although the signals I got from this are positive so far.I also analyse other people bets before deciding to copy them.

Following those picks can somehow be classified as luck too. I mean, you did not pick those bets one by one but simply copied other bettors
betting slips and waits to see if they are going to win it.

Nothing is guaranteed though, even if you select it on your own or simply follow or copy if luck is not with you the outcome is the same right?

In your case, you are making some decent runs and if by chance and by luck it will continue then it's worthy to use it and make some
decent win out of it.
Indeed, especially if they too aren’t sure of the result. But in gambling there will just be times that you’re lucky and the other one is not, vice versa; this is just how it goes. I have tried betting with my friend’s bet and fortunately it won. But since I am aware that the outcome won’t be consistent, I continued betting on my own. Winning could be less frequent in such way but at least I’d be more satisfied with winning bets and would regret less with losing ones. It is really good to chase profit but I would choose my peace of mind more. There will always be ‘what ifs’ with copied bets and that is worse than just losing an amount.
753  Economy / Gambling discussion / Re: Ever Thought of Giving Back to the Community? on: November 15, 2023, 05:20:11 PM
I am actually giving back to the community and less privileged ones and if I ever win a huge amount then I’d still do. Maybe this statement is leading to how much would I be giving them if that’s so, it’ll be the same. We are not required to do so ‘coz that’s government’s job in the first place through our taxes. Also, not because you have a huge amount of money, you’d be needing to give them more than your usual. The amount should be something in line with your initiative also, there’s no need to win first before doing so; give if you can. Society’s expectations are just that big that it somehow guilts us but in reality, we are not tasked to do such.
754  Economy / Gambling discussion / Re: Quit gambling and Invest in gambling. on: November 14, 2023, 06:19:40 PM
Won’t be recommended unless there would be a contract or collateral for the amount a losing gambler would borrow. If it won’t be done with signatures then they could easily run off of it even if they have acknowledged the borrowed amount. Also with the sition, a frustrated gambler could borrow money even if he lost that much, hoping for a comeback. So if you happened to let a broke gambler with your money then that amount will be stuck for a meanwhile until the gambler has the money to pay it off. Some people would be taking it light not unless there is something they would lose from not paying, or such sanctions which could slow the payment done which could also be problematic to someone who have lost almost everything.
755  Economy / Gambling discussion / Re: What percentage of bitcoin investors are gamblers ? on: November 14, 2023, 05:36:16 PM
Would be hard to determine. Gamblers are simply gamblers and it has no correlation with Bitcoin investors. There are crypto investors who are into gambling as well, but there are still non-gamblers; let us just accept that. The only thing which links these two is risk management and risk taking characteristic. However, the risk with investments especially Bitcoin is way different with the risk in gambling. One reason is lack or pattern unlike with market price charts in crypto industry. In gambling, no matter how good your analysis is, if you’re unlucky then expect a negative outcome. Things are just different between these two.
756  Bitcoin / Bitcoin Discussion / Re: Bitcoin as a peer to peer method less popular than as an investment on: November 13, 2023, 09:10:53 PM
Can it be helped? As you’ve mentioned, Bitcoin and this industry in general still has its limitations. Investors happened to find it more beneficial as an asset because of its profit potential and volatile market value. There’s nothing wrong with it and we cannot force other people to follow its ‘purpose’. We are just simply taking advantage of its characteristic more than its usage and that’s just fine ‘coz it is still having progressive growth over years. Bitcoin became more popular and acknowledged by more people and companies. With countries’ approval, we cannot do about it other than to wait for things to be better. For now, since it is more helpful as an asset due to high transaction fees, then let us allow ourselves on how would we be able to use it as long as it won’t cause any harm to other investors and to ourselves. Adjustments were done on its usage and I cannot see anything wrong from it.
757  Bitcoin / Bitcoin Discussion / Re: What lies ahead for Bitcoin in the coming days? on: November 13, 2023, 08:36:39 PM
If you’re in doubt of investing not only to bitcoin but also with other assets, then take a pause. No one forces you to do so and you are more likely hyped by stories wherein investors made huge money from doing so. Much better is to invest first in knowledge and know what you are engaging yourself with, in order to avoid regrets at the end of the day. We know this technology’s potential however no one is certain of how will the market go, years after now. Given that some countries are still in doubt of its advantages, there would always be that risk.
Although this isn't the first time Bitcoin is experiencing this kind of pressure, it happens almost all the time.
So please I'd really need your contributions and ideas on what you feel or think would be the outcome of Bitcoin the remaining weeks of this year and most importantly, what would the new year have installed for Bitcoin?
Personal opinion: I really don't care at all about what is going to happen to bitcoin in the next weeks, the next weeks is not a time frame, is just playing some game. If you are seriously into bitcoin you know we are here for the long run, and that means years, not weeks, so whatever is going to happen counts less than zero because in the long run it'll keep going up.

Right. It is not exactly the bull run we're all waiting for. More like after years this mix of historical expectations, the hype around halving, and everyone crossing their fingers for the right ETF call will happen. Smart move to keep stacking those sats and you never know when things might kick into high gear.

It looks more like a bull trap. If this is the expected bull season this I need to admit history doesn't repeat itself this time. Historical data shows a possible one last major correction before the halving. This rally is supposed to give investors confidence that the bull run has started which it hasn't. At least this is what many experts are saying and the facts and data they brought forward are correct. Let's see how the market behaves in the next two months.
It will always be a 50-50 chance whether the market price would be corrected before the halving or it will just be playing to a high market price close to its ATH. The market before is different from the present which could create changes with the “pattern” we saw from the past.
758  Economy / Gambling discussion / Re: sites with bonuses without deposit on: November 13, 2023, 08:09:41 PM
It is like asking if there are sites giving free money. Let’s be real; we are in gambling industry, do you think online casinos will allow people to loot money in their platform giving free spins without asking them to atleast deposit a certain amount where the platform would beenefit? Some sites would give you welcome bonuses but it would be impossible for us to just be withdrawing that easily. Most of the time, those bonuses will be only used in the platform as means of platform testing. If they’d allow it then that would be prone to abuse from players who would like to get free money. Even with bonuses being given to new players would be limited to small prizes perhaps with free spins unlike with rewards on the actual game.
759  Alternate cryptocurrencies / Altcoin Discussion / Re: What's your thoughts about potential newly borned coins during the bear market? on: November 13, 2023, 07:39:58 PM
If it is meme tokens then no one has the assurance or no one could guarantee that these coins will again break price ceilings given that there are no utility for these crypto. Its market price is solely dependent with market manipulation of huge investors or whales. During bullrun most of the tokens’ price are pumping but determining how high will newly released coins’ price be able to reach would be harder to assume unlike with Bitcoin and other long existing coins which are having its previous ATH from the last bullish trend in this market. This is not to claim that those tokens will no longer be back to its highest market price but I guess it would have a harder time than most of the older cryptos.
760  Economy / Economics / Re: How Much Does Food Cost in Your Country? on: November 13, 2023, 07:17:58 PM

For comparison, may I ask how much a standard meal in your country costs for one meal? what is the standard food menu? What is the average monthly and annual income in your country? Please those who answer can use calculations in USD


With $2 you can have a full meal including drinks in my country. This is for one person and for basic food idea. If you go little bit higher like $4 you can get one of the popular meals on my continent drink included. I was referring to soft drinks not any alcohol. If you can cook your meal at home, you can cut this cost in half. I think you already got the impression that the average income isn't that high in our country. For lower-class people the monthly wage is around $150; for middle-class people, it's $250 to $300.
Food prices vary in each country; proportion and price. In some countries wherein resources ain’t that of a struggle, marketable goods including food won’t be expensive. Things still have something to do with demand and supply. Since I am on a third world country, food expenses aren’t that high but the proportion of foods differ from one restaurant to another. If I were to compare food serving especially with foreign countries, no doubts that ours would be smaller. The amount we are consuming and spending on a daily basis is a reflection of a country’s economies as well including leaders of the government which are running the regulation and to prevent prices to go up dramatically.
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