Moreover, the mining operations get favourable electricity rates while residents end up paying the premium. All at a time that the water supply is also scarce, and we all know industrial scale bitcoin mining needs tons of water for cooling.
If it came to your neighborhood, would you still support bitcoin mining?
That's the case in my country. BitFury built huge mining centres in my country and our oligarch has shares of the company. They get electricity for a ridiculously cheap price and consume a lot of it. The government increases electricity prices for us, normal citizens, while BitFury consumes more and more energy every year. They also created a special tax-free zone for them, so they can import anything they wish without paying taxes, while we have to pay them if we want to import something that is worth over $120. I miss old days when you could buy a GPU and generate some profit at home. I also love fair conditions, not unhealthy benefits that these companies get but sadly, money lights up hell. |
|
|
|
Staying in your current job is not a problem, even if you feel uncomfortable. Sometimes what we need is not a pleasant job, but a job that can still provide us with an income.
Many people out there don't even have a job to earn money, and are still struggling to search for one. So we can stay with our current job while we search for others.
I saw that post on my Facebook feed and thought about it. It's true. If we're still working in our current job, we're still luckier than those out there who are still struggling to find a job. Don't waste it by thinking short-term about leaving your job before you can find a replacement. There will come a time when we can find something better than this. So, hang on a little longer and enjoy what we have and be grateful for it. note: I use grammarly to make it readable. It's not hard to find a job, it's hard to find a good job, where you do almost nothing and get paid a lot. Lots of people in my country complain about no jobs and low pay but in construction, even if you don't know a thing and only work as manual labour, you can earn a very good salary but people are lazy and they don't want to work there, so they sit at home and complain. If someone wants to leave their job, it's best to collect enough money to be able to take care of yourself for a few months to use that free time as an opportunity to spend 24/7 on learning a new skill or to spend time in finding a good job. |
|
|
|
Can you explain this in your own words, if you truly believe that simple logic can help you win in sports betting?
Tell me how you analyze games in a simple way and still manage to win consistently, something that most of us struggle with.
They say you need to analyze thoroughly and consider tons of data to make the right decisions… but if we’re just using the word "logic," then all of that might not even be necessary anymore.
What do you think, is that really possible?
You can't use alone a simple logic to win in sports betting but you have to do a deep research. I usually bet on soccer matches with a postiive outcome, so I'll talk about soccer. You have to find information about previous head-to-head matches of teams that have a match against each other. You have to check how each team performed at home and away, check the number of fouls, corners and etc... You have to check how these teams perform at the moment, what were the results of their recent matches. You also have to check how their players play and feel at the moment. Are they motivated? Are they injured? Do they leave the club soon? You have to summarize all these information and then make a logical conclusion. |
|
|
|
I'm pretty sure most of you know how inflation affects a country and its people, but imagine if it reaches the level of hyperinflation. Take Venezuela for example, which got hit hard by hyperinflation with over 200% yearly inflation, making it one of the countries with the highest rates globally.
Normally, we gamble just for fun, but in a place like that, gambling might actually be a way of survival. The odds of turning a small amount into something bigger could seem more appealing compared to just holding onto their money while its value keeps dropping every day.
In a way, while it goes against the usual belief that gambling isn’t an investment, in countries with hyperinflation, it might look like a potential hedge against losing purchasing power.
So I’m curious, do we have anyone here from such countries, like Venezuela or Argentina? How do you see this possibility? Would you consider gambling an escape from inflation, or does it only make the situation worse in the long run?
It's very hard to be in Venezuela's shoes, despite the fact that inflation is high in my country, I haven't experienced such high inflation as that in Venezuela and I can't imagine how families live from year to year with 200% yearly inflation. Gambling is not an escape from such inflation, it's even worse because you shouldn't look at gambling like something that can bring you a profit, you should look at it like an activity that gives you fun. In a country with normal inflation, gambling is okay because everything is stable and you know that bread will not cost twice the amount the next day but in Venezuela, prices constantly increase and if you lose money in gambling, you are in a much worse position in your life. |
|
|
|
Trading has always been something that people viewed as difficult, at least that's what I thought when I started, but I like the fact that I see a lot more people doing both now. I don't have a specific number but in the little things you can have an idea of how much more people are into trading now. I remember seeing the post about the amount of teams that registered for the KCGI trading event, and all I could think of is how impressive it is that over 1500 teams each team consisting of different traders have signed up for something like that. I might be making it more than it is, because I'm a big fan of trading in general, but I'm really glad trading is becoming more and more accessible. Platforms like Binance made crypto trading very accessible because they have been operating in the most countries with ease of use, and they have also listed most of the coins, if I amn't wrong. Trading is becoming popular because of influencers, they promote trading as something like skill to learn, whilie in reality, it hugely depends on luck and patience but they won't tell it because it will ruin their business, and people won't buy their product. In reality, they earn by selling their product and not by trading. To sum up, influencers create fake expressions that attract people. Everyone wants easy money without hard work and sweat and that's their target audience. |
|
|
|
Guys what are your favorite live casino games on MetaWin?
There are so many variants of the big three: Blackjack, Roulette, and Baccarat. Is there one particular one you like more than the traditional offers?
I find Lightning Roulette interesting due to the addition of big multipliers of up to 500x per round.
Speed Blackjack is also interesting because it awards fast players and gives them an advantage due to their quicker reactions.
I like Evolution's infinite blackjack tables because if you don't feel like you are winning the round, then you can use a cashout option to get your bet back. It has saved me from losing many times and it has made my BlackJack sessions very profitable. I haven't played Blackjack for a few months and I don't remember exactly which Infinite Blackjack table I was playing on but there aren't many, so check each of them. Evolution's Free Bet Blackjack is also interesting. I also sometimes play Metawin Blackjack ONE, it's their official table and their provider is Pragmatic Play. I enjoy Pragmatic because their streaming quality is very high and dealers are also very friendly. |
|
|
|
Poor people and rich people view the economy differently. Some rich people may think that Oh, our country's economy isn't bad. We are living very comfortably. But then a question started nagging at me. Is it possible that the rich don't realize how bad their country's economy is? If you want to understand the economy, you have to look at the bigger picture. But if the rich are only looking at themselves and the other rich people around them, it is easy to live in a bubble and not see how most of the citizens in their country are poor. I actually found an article from a few days ago discussing about "Money dysmorphia" by the New York Times. Basically, what was written was that due to how social media is used nowadays.... People may feel poorer than they actually are. In short, they do not realize how rich they are because they think there is always someone richer than them. The article tackled more about societal pressure and this being the cause of anxiety and depression among youngsters but for me, I think it still applies even with middle aged people. Sometimes you will meet a man, well along his 30s or 40s, and will say something so dense and out of touch. Can you really discuss economy with someone who is extremely rich? Will their perception of the economy be objective or twisted? Here's the article if anyone wants to read. Instagram is not a very good thing for society because too many people have money dysmorphia and it's creating wrong standards. Rich people show their extravagant lifestyle through Instagram and when you can't match their lifestyle, you feel depressed. Another problem is that girls receive message requests from hundreds of men who want to meet them, promise them lots of false things and it increases their self-esteem too much, which is out of reality, then these girls say no to almost every average boy and as a result, we get depressed men. Despite the fact that statistically I have a very good salary for a local market, I still feel broke when I see people around me but the reality is that too many people get huge debt to live the way they live. |
|
|
|
Seeing big companies buying billions+ dollars of bitcoin, isn't it becoming too centralized. Could they centralize it if they own a lot of it's portion.
How can we defend against this process?
In order to defend against that, we shouldn't let them to buy so many Bitcoins. I'll admit that I was against hodling and my priority was to spend Bitcoin as much as possible to help the network become active and more widespread but now, after so many governments and big institutions publicly state that they want to buy thousands of Bitcoins, I believe that it's time to hold our coins tight. We are the only ones who can stop them. If we, people, hold the most Bitcoins, then they will not have a great influence. People shouldn't panic when they announce something bad because they want to buy Bitcoin at a discount. |
|
|
|
I have been lately thinking on those occasions in which a very good service on the internet changed hands and then the quality of the service they used to offer started to rapidly decline in the eyes of the customers, to the point all reputation was gone.
I believe it should be mandatory for casinos to let their gamblers know when a change of administration of their website/service has happened or is planned to happen, for obvious reasons. That also should apply to other services which handle the money of their costumers, like banks and custodial wallets, but that is a completely different topic.
I have the theory when a casino changes hands, within the contract between both parties, the original owner of the casino agrees not to allow the public to know of the change of administration, but I don't know if that is a common practice or not.
What do you think? Would you like to know when a casino you use changes hands?
Do you believe the people adquiring casinos purposely want to keep the transaction in secret, so people won't freak out?
Have you ever seen a good service getting ruined by an change of their owners?
Let us discuss.
I don't understand why the administration shouldn't let the customers know when the website changes hands. If my team is behind a certain casino and I sell the website, I would let people to know that the casino changed the administration, because if I built the trust and the new owners ruin it, it will also ruin my reputation and in business there is nothing as valuable as the reputation. I haven't seen many cases of online casinos changing the administration but I know a few. Betcoin.ag had a bad reputation, they changed the administration and announced it here. Bustabit changed the owner and they announced it here too. I would love to see which casino changed the administration and didn't announce it, can you name a few, please? |
|
|
|
To my mind, Bitcoin Spot ETFs are a good way for beginners to buy Bitcoins but if they want to HODL bitcoins, then I suggest them to learn more about Bitcoin over time and focus on hardware wallet and how to create a cold wallet and store their bitcoins safely.
This would be ideal for someone who has already purchased shares or ETFs and finds bitcoin complicated. But over time, nothing is safer than managing bitcoins with your private keys. That's what I said, it's okay and maybe recommended for beginners to buy shares of Bitcoin ETFs because setting up a wallet and securing seed phrases is a little bit complicated process and requires some experience, that's why I think that it's better for them to buy shares of ETFs if they want to don't waste time and invest immediately in Bitcoins and after that I recommend them to learn how to use exchanges, including CEX and DEX and then they have to learn how to create a Bitcoin wallet, how to buy Bitcoin on an exchange and safely withdraw to their wallet address. They also have to learn the difference between Legacy, SegWit and LN addresses and some other type of addresses too or they'll make mistakes and withdraw Bitcoin to the wrong network. |
|
|
|
Gold is a good investment option for stability but long-term, Bitcoin beats it in every aspect. Btw how do you guys buy Gold? Do you buy Gold ETFs and hold it or do you go to local gold exchanges and buy gold from them? In my country, these exchanges and gold masters sell gold expensively that is far from the global price, so it's not a good option for me and I stick with Bitcoin for years because I'm here with a long-term plan, not for stability. Bitcoin's price always increases and I have one golden rule, if it's lower than its all-time high price, then you can always buy it. I can have Bitcoins on my paper or steel plate and no one will be able to steam them from me, that's what I like about Bitcoin while Gold is very famous and hard to hide. Also, in my country, if you want to sell gold, you'll sell it in a bad price, so Bitcoin beats gold in terms of investment options. |
|
|
|
How is Poker unprofitable or less profitable when their rake is 5%? They take 5% from each hand, which gives them a huge guaranteed Profit.
It seems to me that you are unclear about the difference between revenue and net profit. It's 5% depending on the site, on the hands where you see the flop; if there's no flop, there's no rake. Plus, with bonus and rakeback options, it'll be less. Also, that 5% has to cover a lot of expenses. But the main difference between poker and casino games like slots, which is more profitable, is that in poker there are net winners who deposit once and then only make withdrawals. In casino games, people occasionally cash out when they have a big win, but all customers are net losers. In poker, no, the net winners take money out of what is deposited. In live poker, it's not profitable because of the structure, because you need to pay dealers, change decks, and each hand is very slow compared to someone who sits down to play slots and doesn't stop clicking. In online poker, you don't need that physical structure, but there's a greater risk of collusion, for example. Sorry for the mistake, revenue and profit share the common meaning in my language and when I was typing quickly, I made a mistake but I know the difference between the profit and the revenue. I don't know if you understand me correctly, but the rest of gambling, such as slots, continues to expand; it is the poker market that has been declining for years.
Yes, I understand you correctly but I had a different idea about this. It's not necessary to build your own software, they can partner with companies like Partypoker and Metawin players will be able to play on Partypoker with thousands of active players. I don't know what will be the cost of this but I believe that Metawin will be able to attract new players, especially those who love Poker and also play other games and there is a chance for Metawin to profit further with the addition of Poker because when someone plays poker, there is a chance they'll play other game, for example, slots and the casino will profit even more. A local supermarket has an interesting approach that can also suit casinos. There is a hypermarket that has huge discounts on some products but other products are expensive. With the right marketing, they are associated with being a discounter while in reality, they are no different from any other supermarket. When family members go to shopping because there was a certain product in sale, they buy it but also buy other products that are expensive, because the logic is, let's buy everything here together and don't go in multiple supermarkets because it's time-consuming and tiring. I hope you got my point with this example. Stake also recently added Poker on their website and few other casinos are also adding it. It will be very interesting to hear directly from Skel, he knows it better than us but I appreciate your response. |
|
|
|
I don't think it's usually a matter of discipline in today's economy. More and more people keep having 0 money to save or invest after their basic expenses for the month.
Yes, it is. If we have a discipline, we will conserve energy, water, etc... and that can make our spending less as well. That makes us to have extra money that we can now use to invest. You still got a point that the economy can affect how we are living. It sucks to adjust according to them. The problem in the economy is still caused by a bad government. The only thing that we can do to fix or reduce the problem is by voting wisely during the election period. It's like the economy wants us to remain alive only for working.
I think this doesn't have to do with the economy anymore. There are rich people but they can as well experience it. This is still our choice. Maybe if we will try to go outside of our comfort zone, then we can have a better life too? Seriously, do you really mean that? People who conserve energy, water and etc have a very low income, barely enough to survive and what kind of money can they save for investment? A few bucks? Such poor people don't know about investment and they also don't have access to informational technologies or their access is very limited. Alani123 said it very well, the modern economy wants us to remain alive to work. There is always room for more and someone poor but very talented and disciplined will make it in life but the economy really wants to keep us existing to work, that is the sad part of our reality. Slavery is still there but in a different shape and more modest. |
|
|
|
Do you remember good old days on Bitsler when we had the option to pay 0.0002, 0.0004 and 0.0006 (slow, medium, fast) withdrawal fees? Those were tiny amount back then and now it's a huge amount of money.
Yea i remember. I still feel like the casino should cover the wd fee. They could use a wallet that allows multiple transactions in 1 tx and save money. Just process 20 wd at once. I really don't like having to pay a fee to send money to a site and having to pay money to take my money off a site. Are all gambling sites USA based where everyone gets fucked in the ass by taxes? I agree with you, I still feel like that. When I deposit money and I know that the house edge and RTP give the casino a guaranteed profit, I would really appreciate it if they let me take my money back, what's left, without paying additional fees. When it comes to withdrawals, casinos have two types of business model:
1. Pay user's withdrawal fees out of their own pocket
2. User pays fixed withdrawal fee
The first model is way too easy to abuse, which makes casinos using it look highly suspicious. They start seeing abusers everywhere - even though they’re the ones creating the conditions that attract them in the first place. Honestly, it would be much better if they just introduced a fixed withdrawal fee! It's not too easy to abuse with the right rules. Many casinos have a minimum withdrawal amount limit, which means that you can't withdraw any amount at any time for free and I believe that this rule is fair. There are some casinos that also demand you to wager at least 2x but I found this rule very unfair. Btw if there is a player that deposits money and withdraws multiple times without playing, they usually get banned. |
|
|
|
Do you know? Today is the day. 15 years back, Satoshi said, “ If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” - Discovered from Cointelegraph Tweet. Can you imagine the weight of his voice? After 15 years we are still not getting him except for those who already hold Bitcoin. But 15 years ago, Satoshi dropped an iconic line in tech history. This quite reminds us of how people reacted when Bitcoin was created. They laughed and called Bitcoin magic internet money or a direct scam. But now? People become billionaires from Bitcoin, and more new billionaires are investing in it as well. Satoshi wasn't really disappointed; to be honest, he was one step ahead, and that's why he said he didn't have enough time to convince. Because he knows he has created something revolutionary, and Bitcoin will speak for itself in time. So now, Bitcoin is speaking for itself; people worldwide are running after Bitcoin. His message reminds us, don't argue with Bitcoin haters. Don't waste your time by fighting with them. Let Bitcoin speak for itself and HODL tight. This type of attitude usually means confidence. When I was a kid and I was new to Bitcoin, I was always trying to convience people to invest in Bitcoin or some top altcoins because this is the future, this is the revolution in financial system but all of them were laughin at me because first of all, I was a kid and second of all, they thought that Bitcoin was a scam and 3rd of all, they thought that they individually know better than others. After a few years, when I grew up and married, I have to take care of my family and my finances, especially in my country where it's a cultural thing to take care of your parents, wife and kids at the same time. I have to feed 4 family members. So, today I don't try to convince anyone because I don't really have a time. I gain nothing by convincing others, no one will say thank you, after profit, everyone forgets you. With my statement, I want to agree with Satoshi. It's pointless to convince someone because you'll waste your time and will gain nothing in return. Let the facts speak for themselves. |
|
|
|
Globalism is another "ism" that is dead. It is not possible to have it in the way the West wanted (a cloning factory where no culture exists except the filthy thing West wants and everyone thinks and acts the same way). That may work in places where there was no culture or civilization to begin with like EU or US itself, but when they move eastward and start facing ancient civilizations like Iran, China or even Egypt they stop right there.
The part about interdependence is another matter and it will happen naturally and it can happen in a multi-polar world were multiple "power blocs" exist and deal with each other. Using English to communicate doesn't change that.
As you say, it would work in places where there was no culture, like EU but why would you say that about EU? Greece, Italy, Spain, France... These countries are in EU. There was a culture in this countries and there still is. The problem is that politicians accept lots of unwanted asylum seekers who then do all kind of bad things in the country, they are the ones that ruin EU, thanks to the EU politicians who try their best to ruin everything. China is ancient civilizations but Egypt? Modern Egypt is not old Egypt. Is modern Iran descendant of ancient Iran? As far as I know, no, but I'm not 100% sure, you know it better than me. Well we've all moved away from our old civilizations but less in the East compared to the West. I say that about EU mainly because of how they have turn themselves into tools in the hands of US which is destroying every culture and civilization in the world. Just look at the recent EU capitulation and how they just bend the knee in front of Trump and gave him everything they had, money, industries, dignity, ... We've even seen how US is even meddling in their internal affairs, even their elections! Migrants are destroying Europe to my mind. It's a very popular thing in my country to move in France or Germany for robbing, for which, I really apologise to every good citizen but that's not really my fault. I'm a honest, hard working citizen but for me, it's very hard to move in Europe to work to feed my family but those thieves, that leave my country to rob EU countries, they are very welcomed and it makes me sad. I want to work honestly, even in constructions, to earn money and feed my family and they say no to me but they welcome robbers multiple times. I know people who got deported and still managed to easily travel in Germany multiple times. One deport, two deports, three deports, these people manage to travel there 4th time again. I don't understand how but changing a surname helps them into this while personal number stays the same, so what do EU customs look at when someone travels? Isn't personal number a better way to track people? Why does changing a surname helps banned person to travel again in the country when the personal number is the same? That's why EU is becoming a bad place to live. |
|
|
|
They haven't publicly shown the odds and it's a very bad thing because I, as a player, want to know what my chances are to not waste my money and time.
The chance of winning different prizes in wheel of fortune is known. The probability of winning the $15000 rolex is only 1 in 4,294,967,295 (or 0.00000002%) and it's very very unlucky that you can win that. The probability of winning the $1500 iphone is only 0.000001% and the probablity of winning $500 Amazon gift is only 0.000003%. How did you check that? Can you send me a screenshot of all probabilities? I can't see WOF spin page because I have 0 WOF spins. Btw I have a few satoshis on Freebitco and right now, I tried to get some lottery tickets by wagering 0.00000500 Bitcoin and Freebitco gave me nothing, the only way to get tickets for me was to buy them manually. As it seems, at least for me, it's impossible to generate lottery tickets by wagering 0.00000500 bitcoins. Btw at this point I'm starting to believe that wagering contests are fake right now or they have always been fake. No sane person would wager 2.6 Bitcoin on the current Freebitco.in and people with so many Bitcoins aren't that crazy to spend them in dust. |
|
|
|
Does anyone know if there are talks about Poker in Metawin? I don't understand why it's still so hard to find Poker on many crypto casinos while fiat casinos are full of it.
That's just because poker is normally unprofitable or gives little profit to casinos, which usually offer it to people who normally would not go to a casino because they end up playing other more profitable games such as slots. It is more normal for fiat casinos to offer it because they already did so when it was an expanding market, and they maintain it because to keep a variety of offer. In fact, many years ago casinos that only offered poker started to offer casino games when the poker market went from being one in expansion to one in decrease in order to be able to continue being profitable. How is Poker unprofitable or less profitable when their rake is 5%? They take 5% from each hand, which gives them a huge guaranteed Profit. Am I wrong in my thoughts? I agree with you that slots generate more money than Poker because Poker hands are very slow and slot spins are done in seconds and sometimes automated spins speed up the process, also, lots of people play slots and less play Poker because slots is very easy while poker requires some skills. Btw I belive that Poker has a very good profit margins and casino's profit is guaranteed in this game, so, I can't see any reason why it's a bad idea to implement and maintain Poker game. Rather than “in addition,” you are saying the same thing as me in a different way. The poker market has been shrinking for many years, with some notable spikes such as in 2020, unlike the other games you mention, which are expanding markets and very profitable.
This is very interesting. Why is this happening? Here, locally, it doesn't shrink but slots are very popular. |
|
|
|
There are alot of preachings and sensitization about how one should be persistent in the journey of trading and not to give up.
Please my opinion is to take that advice with a pinch of salt because when you have spent years learning the skill of trading and it doesn't seem to go well for you, I advice you get some other skills that might work for you.
The idea of wasting money in funding accounts for years is totally a waste of time and resources. Please reconsider because trading is not the only means of earning a living. thank you
I don't agree with giving up. I made a mistake in 2016 and I sold my Bitcoins instead of holding them but in 2018, I decided to collect as much Bitcoins as possible and I did that very well, in 2020 I had a good collection but I made a mistake again. In 2021, I made lots of money from the bull market but I also lost lots of money because I started trading, I was actively trading with long/short futures position with high leverage. Long story short, I lost a significant amount of money and I was very hopeless but I didn't give up, I changed my strategy and instead of day trading, I decided to only trade when I feel it's the best time to trade. I bought and sold Bitcoin multiple times with 100% ROI and I earned a significant amount of money this way. |
|
|
|
If given the chance to master one game, what will it be?
a. poker - this is one game that we have seen players turning into professional and making big money and definitely you will become well known in the gambling world
b. black jack - assuming that card counting is allowed and casinos are not going to kick you when they found out that you are doing this
c. sports betting - your winning rate is 80%-90% on a specific sports
For me I will go with sports betting, like in the sports that I followed, NBA games. It's a grueling 9 months game, from regular games to playoff to finals. So if by chance I could master it then maybe I can generate tons of money. Maybe doing parlays and hitting like x10 minimum every game.
Today it's pointless to master BlackJack because there are many card decks in the shoe, half of them isn't used in the game and it's becoming impossible to count cards. Poker and Sports Betting are two very good options from your list. Both of them are amazing but which one you want to master, depends on your personal choice. If you love playing Poker, then master it. If you love sports betting, then master it but if you don't love any of them, it's stupid to master them for making money because if you don't love it, you won't make money from it, it becomes boring very soon. |
|
|
|
|
Show Posts
