I somehow disagree with the points you have raised, OP.

Yes, I am an advocate that people should always exercise the most care and diligence whenever they try to deal with downloading applications or registering into a sketchy website. But the fact that there are people who intentionally scam others is not an excuse to a person's ignorance.

At the end of the day, it is all about the existence of these scams. Sure, newbies are party to blame in this perspective but at the same time, why would you scam in the first place? Again, you do not blame the victim- you blame the offender for creating a harmful situation that exposes a newbie's innocence.

Funny thing that when I was reading your post, there is a perfect example that I want to share with everyone.

There is a famous GM in Chess named Hikaru Nakamura which is widely known as one of the greatest chess blitz player in the world. He is also famous in the chess community since he consistently posts videos on YouTube about his games and moves. Also, he streams regularly where he created a community due to the rising popularity in chess. Basically, it is like you are watching a wizard do magic tricks in the chess board which makes him very entertaining to watch.

Recently, he streamed and he suddenly played gambling games where he asked his viewers to explain on how online gambling works on that game. When people tried to call him out on his stream, those people were banned from replying.

Now, do you know the dangers of the actions that he just did? His whole viewership consisted of both beginners, adults, GMs, and even KIDS who want to learn or at least witness his greatness on the chessboard. This created a potential danger to his community especially if it peaked the interest of kids (as kids are naturally inquisitive and curious) as we already know on how gambling is addicting.

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Image taken from: https://www.reddit.com/r/chess/comments/1cd34xz/biggest_hikarus_l_in_career_promoting_gambling/

Just to add to your story, I remember back in 2017 when the halving happened, the price of BTC jumped from $4,000 to around $19,000 at that time and people started discovering BTC due to various news being spread across all social media platforms. Due to the halving, lot of people invested into BTC without even knowing what it is in the first place. Basically, their FOMO made them invest onto something that they barely new.

Long story short, majority of these people who invested lost their money since the price came down to around $15,000 at that time. The unfortunate thing is, these people who lost their money due to FOMO are the very same people who started spreading fake news on social media platforms saying that BTC is a scam, etc.


The moral of the story- learn the basics first and understand on what you are investing in. If you invest into something without fully understanding what you are buying in the first place, you will most likely cash out your investment sooner resulting to a loss on your part.

Learn and enjoy the process of investing into BTC. Again, investment does not guarantee positive results but if you do your part as a diligent person would do, then expect great things to happen in the near future.

This is truly good news especially for both new and veteran cryptocurrency enthusiasts given na kilala na talaga ang Binance when it comes to security of an exchange. To be honest, I tried using GCash Crypto kaso namamahalan ako sa fees and they only offer simple services. Mostly, para siyang similar to coins.ph pero parang mas limited pa yung mga services na pwede magamit dito.

With the recent news na mag ccomply na si Binance with all the regulations required by the SEC, then mukhang ito na ulit yung magiging exchange na gagamitin ko both for trading, selling, and transferring funds.

Sa panahon talaga ngayon, security ang pinakamahalaga kaya if naging successful yung pag pass ni Binance ng requirements and na-approve na to ng SEC, then lipatan and balikan na!

Yup they are a factor if there is at least a live community that have discussions about the gambling website.

The existence and presence of forums, social platforms, and discussions are factors that strengthen the legitimacy of a gambling website. The fact that an online gambling platform created a designated thread/community in order to discuss any kind of improvement or at least have a community for socialization are green flags. It also implies that the casino values having discussions that can strengthen the community as a whole.

A gambling platform is nothing without a community. This is also the reason on why this forum, sometimes, serves as the community of these online gambling websites due to the presence of several ANN threads of gambling websites here.

Though this may be the case, this really depends on the online gambling platform if they have this kind of service or not. I do think that having an active ANN thread in this forum satisfies that requirement of having a community, without a need of implementing a separate community on their website.

Nope- I do not think I have lied with anything related to gambling as I am very open with anyone who asks me about my experiences.

When I used to gamble, I actually tell everything to my friends and family so that they would know my experience. Even if I experience something that is negative, I always tell them the truth since I believe that they deserve to know everything. Not to mention, by telling my experiences, they could also discern and decide whether they want to try gambling or not.

On the story that you provided OP, it was painful for me to read it. I think our partners deserve to know everything even if it is something that could affect the overall relationship. If you lie on the small things, that could escalate and create a snowball effect into something bigger- a lie that can transcend into different small lies that would eventually evolve into a bigger problem in the future.

Just to reiterate, there exist no such game where the odds are in favour of the player- the house wil always have the slight advantage in order to profit as gambling establishments are businesses, in essence. If a player wants to at least know which game that has the least risk in playing, then I do recommend trying out card games such as poker, blackjack, etc.

Card games are essentially games that have a mix of both luck and skill. A player can gain a significant advantage if they can apply various techniques and skills against opposing players to snatch a win from their hands. For example, in the game of poker, a series of techniques may be employed by a skilled individual to have the advantage over the others, such as bluffing, etc.

As I have explained above the existence of skill-based games in casinos, there are also games where no skill is involved but they do have the riskiest profile. A good example here would be slots- no skill is involved (as you only push a button) but the downside is that the risks are great.

In the Philippines, the Philippine Amusement and Gaming Corporation (PAGCOR) estimates that the gambling industry will generate $5.9 billion as revenue for the year 2024.


From this fact alone, you can see that the gambling industry has a significant effect in providing revenue for the government. In return, these funds would be use in order to create infrastructures, job opportunities, and other relevant services that will inure to the benefit of the people in the country.

While gambling establishments are heavily regulated, one cannot deny the fact that it is responsible for bringing the highest revenue in the country; that is the reason on why the Philippines is somehow lenient when it comes to gambling laws and its execution/implementation.

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1 https://agbrief.com/news/philippines/24/03/2024/pagcor-expecting-2024-ggr-to-grow-18-y-on-y/

I very much agree with the points that you have raised.

It is very ironic that Playstore/Google has been taking action despite all the complaints that have been circulating since then. The funny thing is, the regulation in order to register any kind of application in the playstore is not stringent which results to an influx of many fake and scam exchanges and/or wallets throughout the years.

Again just to reiterate once again, prevention is better than cure. Before you download something on any kind of online store in your mobile phones, always check for genuine feedback and reviews from this forum itself. This thread is an excellent source of information that can warn users in order to avoid downloading the WRONG application which can result to your coins being scammed in the process.

Everyone, please be vigilant on the things that you download on in the internet. Not everything on what is posted is genuine- always be skeptical about everything as scammers just need ONE opportunity to scam you and they will do it swiftly.

Like what I explained in my previous replies, it is always a two-way street and perspective when you think about gambling promotion and advertisements from streamers.

Generally, streamers get paid via advertisements and/or promotions in which they are hired for. For example, there are certain companies who hire streamers to endorse or to stream for a minimum number of hours per week and they have to fulfil that requirement to receive payment. Additionally, streamers are also getting paid by businesses in order to advertise a certain product/service.

Sure, gambling promotions and advertisements have been rampant currently but you also have to look it on the perspective of the streamer in which they use this ads as their source of income for their needs.


I think this is where we must draw the line between stream of profit from gambling advertisements vs amount of content in which they advertise.

On my first reply, I explained the two-way street of understanding streams of income from these streamers. But on the other hand, they also have a duty to limit the amount of gambling promotion they advertise on their streams. If you are watching a streamer who mainly plays games and then he transitioned to a purely-gambling stream, I think that is a sign that you must stop watching or limit your stream visits to his profile.

I think that land-based casinos would hold their ground since it is within the scope of tourism.

Las Vegas is known as the gambling capital of the world. Not only does it attract users around the world, it also becomes part of tourism where people would visit such place in order to experience the gambling atmosphere that Las Vegas exclusively offers.

Though the popularity of online gambling has become prominent over the last years due to COVID, the socialization and experience that you get to feel when visiting land-based casinos cannot be imitated in an online setting.

Instead of thinking that online gambling would soon overturn land-based casinos, they can always exist mutually with each other. No one has to go as they can exist with side-by-side catering to different types of people who prefer gambling otherwise.

Here are some of the mistakes that I think a beginner could experience:

• Beginners often have high expectations in gambling to the point that they think that they can win every time they gamble;
• Overspending or going beyond the budget allocated for gambling;
• Beginners tend to chase their losses by betting again;
• They often go all out since they do not understand the nature of gambling; and
• Being overconfident.

There are still lots of factors that beginners make whenever they try to gamble but I submit that chasing your losses by gambling and overspending beyond your means are the biggest mistakes that they may experience. Gambling is a game of chance- meaning the result can always go either direction depending on your luck. Newbies lack experience so they tend to have high expectations of winning the jackpot, so, they tend to continuously gamble until they get what they have hoped for.

I think wala pa atang car dealers na tumatanggap ng BTC or kung meron man, most likely baka through personal message yung magiging communication given na madami pa rin dito sa ating bansa ang hindi aware sa existence ng cryptocurrencies.

If you want to purchase something siguro through BTC, I guess the best way pa rin dito is to contact mismo the seller and ask them if open sila tumanggap ng BTC as mode of payment sa kanilang goods.

Also if I am not mistaken, I think kapag may sale/transaction din na magaganap sa mga dealers, I think need mag reflect ng purchase price yung cash na binayad for tax purposes?! Not sure dito pero kung BTC yung gagamitin, not sure kung paano mag rereflect sa receipt ito pero alam ko pwede magawan ng paraan ito if ever.

This is what makes Satoshi mysterious- he always lefts clues behind to the point that there was a designated thread discussing his speech pattern and sentence construction.

In reality, no one truly knows who Satoshi is. Maybe he is a single person doing behind the work; or perhaps Satoshi is a pseudonym for a group of persons or organization, etc. At the end, I really doubt that we would be able to uncover his true identity- not that it matters anyway.

Let's all be thankful that Satoshi created this innovative technology that probably changed the lives of majority of the people who know and take advantage of its uses. It can either be a currency; or as a form of investment.

Nope but I do have a story to share that I experienced with my brother!

Around 4-5 years ago, my brother was an avid gambler. Since we grew up with a family struggling for any kind of financial support, my brother would do anything in order to have profit- he would start businesses by selling printed t-shirts and do tutorial on Math. Also, he would gamble during the night in order to try and attempt if he could bring more money with him.

When we were planning a trip with our mother (parents are divorced), a day before our scheduled trip, my brother went to the casino and invited me to gamble with him. He explicitly told me to STOP him if he won at least $20 in profit and call it a day. After some time, my brother already accumulated around $100 worth of profit and I kept on insisting on going home but he still continued despite all of the warnings that I did.

Long story short, my brother took a loss amounting to $600 that night in which that was the money he saved up from his monthly savings. During our entire trip, he was out of his mood and he was not able to enjoy the vacation that my mother planned for years.

Thank you for this clarification! I was very confused to see a betting agent in a land-based casino which seems improbable given that you can cash-out your money directly from the gambling establishment itself after winning.

Betting agents have seem to have a negative perception in the public due to the ongoing scams that had happened recently. I do agree- if you can bet to yourself, then avoid using a betting agent if you can do so. Sure they may be convenient to use but the risks are just too high associated with these betting agents.


I do agree with the points that you have raised.

Using a card still cannot guarantee absolute safety especially if you are dealing with betting agents. The best thing to do is to remain vigilant and ask/search in this forum for feedback regarding a betting agent or platform.

Like what I always say, prevention is 100% better than cure. Make sure that you before you commit your funds/money in a given gambling site, do research and ask for feedback for extra layer of security.

So there we have it! The result of the FIDE Candidates Chess Tournament 2024 has come to an end and we have Gukesh Dommaraju as our winner! He will now face Ding Liren for a chance to claim the WCC 2024 Title though the date for their match has not yet been decided.

What are your thoughts on the whole tournament? The game between Nepo and Fabi was very intense to watch given that the evaluation bar kept going out of control especially on the last few minutes of their match. Unfortunately, Fabi was not able to convert his advantage to a win which resulted to a draw game between them. Had Fabi won the match, then a tiebreaker would happen between him and Gukesh.

I guess lots of chess commentaries did not expect Gukesh to win this year's candidates as the persons favored to win this were Hikaru, Nepo, or Fabi. However, this is what makes chess amazing- you can really expect the unexpected!

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Image taken from: https://www.chess.com/news/view/2024-fide-candidates-tournament-round-14

If proven to be true, then he deserved it 101%.

The problem with game fixing is that it involves a substantial amount of money. If you have at least the slightest power to gain a small advantage on the bets, then it completely ruins the gambling experience and its very essence.

In this example, Jontay Porter betted against his own team and he also has the power to at least influence and control the pacing of the game during his possession with the ball. Additionally, he also has sensitive information about his own team that if he tries to leak their plays, techniques, and system, the other team will gain a significant advantage in which betters would bet on the opposing team.

While it may be unfortunate for him, this is a good start in combatting any type of game fixing that can be possible. Again to reiterate, if you have the power to at least gain a slight advantage over your bets, then that is truly unacceptable and the punishment is fitting for him.

There was an article that I read before that 97% of day traders lose their money on their first experience and the other 3% earns as much as a bank teller.

Though that may be the case, there are special exceptions to this rule. Remember that trading is all about experience. There are multiple factors in order to know the signs in which may give you an idea whether to invest in a certain cryptocurrency or not.

Going back to the discussion, trading is somehow a difficult job to be consistent with. There are others who found success in trading but there are lots of people who have experienced otherwise. At the end of the day, it really depends on how you view trading as a whole since saying that such is "not a lifetime job" invalidates the efforts of others who have made this their careers in their lives.


I only understood the last sentence you said- anyway, I do agree that a person may venture into other types of jobs whatever they want to. Generally, people trade cryptocurrencies and they view it as a sideline to their main job. While I do agree to a certain extent to what OP said, still, there is a handful of people who found success in trading and saying what OP said invalidates this fact.

If transaction fees are high, what are the alternatives that can be exercised to continue gambling using BTC?

I have read that using altcoins that are using lightning network may reduce tx fees but are there really alternatives to lower fees in BTC? It sucks to wait but I guess these are just some of the effects of the halving.

While majority is rejoicing for the 4th BTC halving, the negative effects of it are the high tx fees that only a few can afford. Imagine paying $50-$100 on a single transaction only to lose that money quickly in your gambling games. So can we also conclude that BTC halvings can have a negative effect on overall transactions (which necessarily includes gambling)?