KYC or Know Your Client (KYC) is a standard in the investment industry that ensures advisors can verify a client's identity and know their client's investment knowledge and financial profile. Reference: https://www.investopedia.com/terms/k/knowyourclient.aspis part of what we agreed when we sign up to play in casinos but lately I've been reading a lot of complaints about casinos on how they accept their players' KYC, is it possible that they can decline a person's credentials even though he swore that he submit all the right documents and even undergo a video call to establish his identity? Take note, Casinos will ask or demand a KYC if there's a big winning involved, is this one of their ways to scam their players? (don't want to make reference to any casino because other casinos could implement this). Both parties the player and the casino can agree to do a mediation through third-party/parties. but do you think it has bad consequences if the third party proves the player is right in establishing his identity, then the casino's KYC is not reliable? If the third-party proved that the casino is right but the player swore that he submit all the documents and is willing to do the extra mile to establish his identity, can we conclude that Casino's KYC procedure is different and we have the right to know how and what system they are using to decline our submission because we can be the next to suffer from this Casinos' KYC system? KYC is unreliable. There is nothing better to say about it, really. It is meant to be a system which helps the government make sure that individuals and their money are tracked, but also to make sure that the casinos don't let just anyone use their services. So on one hand its a system that restricts your freedom but at the same time ensures that kids are not gambling their parent's life savings away. But where does the KYC data go? They demand government identification documents from us and that could be used by scam casinos or identity thieves to do some real damage. Especially to the person those documents belong to. No centralized entity can be trusted nor should they be. But that is the only system that we have, which is accepted by the government. There does not seem to be a different way around it. |
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I have heard and read about people gambling because they had no source of income, a job or they wanted to add gambling as part of their streams of income. Whatever your category the bottom line is that we all gamble to make money though some group claim it's mainly for fun. But who would want to be losing money all in the idea of catching fun!
There are gamblers that don't place their bet not until they have gotten a certain amount as their potential win. Some do this based on their financial challenge with the anticipation that just one win they may get on such amount is a life changer for them.
My main focus on this thread is in this question: as a gambler do you place your bet according to the weight of your financial need or you're always okay with whatever amount that comes out as potential win no matter how small amount?
You should go into a casino without any kind of "need" as a goal in your mind. If you have financial troubles then you need a job, not blackjack. Gambling will not make your financial situation any easier. It might. But it probably won't. I tend to not gamble any winnings. Otherwise losing everything is only a matter of time. Mathematically true due to the casinos having a house edge. My open secret is to create a financial plan for your gambling activities decide on how much money/week you want to use for gambling and stick to that amount of money. No more. It might be hard to do something like that after years of having no gambling discipline but eventually you discover the right rhythm and restraint that you need in your life. For me its 10% of income savings. Although you can make your own strategy that works best for you. |
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To Non English Users Mistake is inevitable, if there is no mistake there is no correction, that is, people make mistake and through the mistake, corrections are made. Most users submit their post without cross checking the write up. So in many times omissions occurred and some ungrammatical statement occurred and English speaking users see them as trash, shit post without correction. It is better you reread you work before posting to avoid mistake. Be a good poster. Avoid mistake. But mistake is inevitable. It most come but not always. I have to make edits all the time because I am not a very careful poster. Sometimes I forget to add something or I notice a grammatical mistake an hour or two after posting. But that is completely fine. There is no harm in editing your post nor is there any harm in making mistakes. All posts are being archived anyway. So you cannot hide previous edits. Although if people were to follow OPs advice of making clean and neat posts, then reading through text on Bitcointalk would be so much easier and more fun. But that's hard to achieve as some people on this thread already mentioned; that not everyone is an native english writer and cannot be expected never to make a mistake.  ------ I had to edit my post. Thats why above, it says today last edit at ZZ:YY:XX AM/PM  |
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You need a software wallet at the very least. Like mentioned above by OmegaStarScream; Bluewallet should do fine. Although I am not sure if the phone app or the desktop version is being referred to. If you want to sign a message then do not use your internet browser! Any website asking for your private keys is a scam website. I have never heard of using a webwallet to sign a message. In fact, I would advise you to not trust anyone who tells you to input your private keys into any website. Keep your keys safe and be more vigilant when dealing with your money. There are a lot of scammers and hackers out there, hoping to lure the unexperienced coiners into a trap...  Honestly, your opening post basically screams "I'm a target"... |
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I know that it is not too advisable to teach kids bitcoin,but you can still teach them if you want them to have the idea of bitcoin. I want to share my strategy on how to teach kids bitcoin and you can try it. Especially, those of us that want our kids to know what bitcoin is or have the basic knowledge of bitcoin. If you have a cartoon on bitcoin,you can put it for them to watch and after watching,ask them if they enjoyed it. Tell them that whenever they watch the cartoon, you will give them a reward,and it should be the something that they like most. Maybe candy,ice cream whatever that you know that makes them happy when they eat it,but something easy to afford. Like down here I can buy some chocolates for him. Tell them to watch it every evening or when you think is cool for them. Don't forget to keep to your promise whenever they watch the cartoon. You will see that they might not like the cartoon but they will love to watch the cartoon based on the benefit attached to it,and some will love to watch it not because of the benefit. You will see that consistent watching of the cartoon will begin to send messages to them about bitcoin and before you know it they will start asking you questions from the cartoon that they don't understand. From there you might take over from there. This is what I think that will work for me but it might not work for everyone. Newbies can also watch this cartoon to get a glimpse on what bitcoin is. I have two cartoons on bitcoin Turtle TwinsTears of ClownsWhat are your views on this.Let's discuss. I am fine with teaching kids about Bitcoin as long as THEY come to YOU about it, not the other way around. The Bitcoin cartoon "Tuttle Twins" (Some like OP confuse it with Turtle Twins) has been growing quite popular, despite having a seemingly hard time marketing their cartoon towards a successful SEO approach. So, it is not easy to find unless you know exactly what you are looking for. The title of the cartoon should have been something that connects to Bitcoin. It's not like its a show about twins. But it has still gained a lot of viewership. So, congrats to them on that. On the other hand, if kids do not ask about Bitcoin or do not wish to be taught about Bitcoin then they will show no sign of interest and should be left alone by their parents. There is too much helicopter parenting going on as it is. No need to torture kids. |
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A man run naked in a Las Vegas casino (Linq Casino) and jumped on the poker table and started to dance. He was arrested instantly by the security, however his family says that he was drunk and therefore he did such type of act. More details can be read here Naked Gyrating Guy Arrested at Harrah’s Las Vegas Was Drugged, Family ClaimsThe point here is why gamblers do such shameless acts and what the rules of the casino suggest the penality for these acts. Do you think the gambler did it purposefully perhaps to become popular in the headlines  Well it is "Las Vegas". Meaning that it has been marketing its own image as a place of such irresponsible acts. In fact, a place where it is socially expected and therefore not frowned upon as it would be in other places. But that is part of the "culture" of the United States. Although I am definitely sure its all been a sly marketing campaign by the Casino giants in order to lure irresponsible and risky people into Las Vegas, so they could gamble their money away while drunk. Anyway, the short story being that there will be no penalty. |
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 Last 2 night I signed up to an online bet called betking (become a KING) and I bet a virtual stake with 1700 naira to win 1,438,540.92 naira, but the game was lost and the bet that made it to lost was the last one I added, before I added the last one that made the winning to be this amount, I was having double thoughts like should I make the winning a random figure 1.5 million or I should stake it at 1.3? But out of greed I refused to bet the game at 1.3 and I added the one that lost the bet, what a pity? Greed is one thing that gets some game lost, the stake we are supposed to win out of greed we add another that get the game lost. Out of my own experience I have learnt my lessons, but I don't believe that this opportunity might ever come again because I don't bet often, on a second thought this my story is what makes some people put more interest on gambling. You really should not play on casinos which have been marked with a multitude of scam accusations on Bitcointalk. If you ask me, you are too loose with your money and it comes at no surprise to me that you lost. Another poster has already made you aware of their bad reputation, so I hope that you will consider where to gamble more carefully in the future. As far as your betting story goes, if you want to bet without a plan, without logic and without a strategy, that is completely up to you. But you should be aware of the risks of ignorance in such a case and not bet a lot of money. Greed is not the same as blind greed. |
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I think that anything can be called an investment, as long as you are putting your money into it in the first place. This also includes other things like other currencies, because the value of those currencies also fluctuate in price. In other words, anything that you should consider "investments" are things that can change their price in time and with developmental events. If I were to invest my money into Bitcoin directly by buying it or by investing in mining equipment and mining costs that come with the mining of Bitcoin, the term for that investment would still fall under the category of a Bitcoin investment. Because either way, I would be at risk of my Bitcoin or Bitcoin mining rigs to fall prey to a change in value. Say the mining rigs break, or Bitcoin falls in value. Those are both dynamic values, therefore considered "investments". Even holding onto fiat for years without doing anything with it, is a form of investment. You are investing that your fiat does not drop in value from inflation. But that is a dumb investment, albeit one that was not actively made. That is how I see it. Maybe financial regulatory institutions have a different way to categorize investments... |
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anyone deposited very less amount and luckily won a big jackpot like a 100x or 500x or 1000x of base bet and withdrawn without kyc or without facing any problem from the platform?
if yes, how much was that amount? and what was the exchange?
i seen many people complaining about they don't give big wins easily or just don't give by making unanswerable queries like very hard KYC, freezing accounts, etc. this problem is very common with trusted casino's also/
do anyone withdrawn successfully the winning amount and if yes what was the process, it was seamless or you need to pass a hard kyc?
I have won over 2000 USD or so without any problems or issues from the side of the casino. My deposit was tiny compared to it but I could still easily withdraw my winnings with no issues. But what you should realize is that those winnings were a mere 2k. From the perspective of the gambling casino, they make such amounts in profits every few minutes, if not even seconds. So they would not care all too much about it, I think. Perhaps there are issues when larger amounts are won. Like 10k+ or 100k+ USD. Here in the forums we do now and again see such amounts being gambled and frozen, on withdrawal until KYC is completed. And sometimes the KYC procedure takes a very long time so people come here on Bitcointalk to complain. But usually these matters are resolved like 90% of the time without further issues. Such are the problems of centralized platforms. I believe they will slowly disappear in the coming near future and become replaced by decentralised, trustless platforms which cannot be regulated by a small group of people as they wish....  |
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Hi all!
I've recently seen a video where a hacker holds a conversation about possible hardware backdoors in some pcs and other devices, mainly in the processor but also in more parts. Those backdoors would come with an OS preinstalled that could spy you.
If you are afraid of this, then how about taking your / friend / relative's old PC / laptop to generate a wallet and then use it? It is unlikely that hardware backdoors will be possible on older devices. The problem with the pre-installed OS on these devices is solved simply by reinstalling on a Linux distribution of your choice (You voice Tails OS). That is, this way you will surely be safe by not buying new devices, in which backdoors can be pre-installed by manufacturers in the OS and hardware parts, such as the processor. Also, save on expensive purchases. In this case I think that the worry lies in the fact that most people are not working with (or will not be working with- in the near future) PC's or other devices which are old and outdated. We live in a world where software as well as hardware is being constantly updated and renewed. So your solution of using old devices is not a sustainable one for the future. Which, only goes to show how serious OP sees the problem to be, I would say. I think we need to group together and find a way to stop the governments from doing this to us. They cannot be allowed to permit such spying to be possible in the first place. Laws are supposed to protect our freedoms, not exploit them. Although I also think that private companies would not want to miss out on customers, if they make such devious devices in the first place. Perhaps the free market will take care of the problem? |
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Lately, there has been some development here in the integration of AI in trading on some stock assets and cryptocurrencies, and to a large instead, AI has ground in acting and executing trades and recording profits, but it has not been for long so as we can't tell what the success rate will be, but for the fact that the reality on the ground has shown and proven their existence in trading stock, so as that which one will you prefer if AI is proven to be effective.
Will you prefer to trade with AI or you prefer to do the trading yourself?
That is not a question that can easily be answered, friend. There are crappy traders just as there are crappy AI. There are AI's that can outperforms half of all traders and there are trader that can outperform any AI. So you see, you cannot answer the question of what is more profitable. You need to consider whether or not the trader in question is profitable and how profitable. And then compare that to the data of the top AI trading bots and then you have your answer. I do not see myself one of the top traders in the world but I can make better predictions than any trading bot that I know of. And that includes AI bots. Furthermore, trading in itself is something intrinsically impossible to be 100% predictable. So either way, you are still risking a lot on a gamble or a gut feeling. Whether that gut feeling should be to trust in a trading bot more than you do yourself cannot be answered by anyone but you. |
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The institutions that buy Bitcoin are all whale investors who are just after profits maximization and at that they do not add anything to the Bitcoin ecosystem unless for the normal market fluctuation while institutions move their coins around and cash out and In using the DCA approach to take profits and buy in when the price is at a discounted level.
But institutions contribute almost nothing to the adoption of bitcoin and their have not promoted it in any way, since some of them don't even announce their Bitcoin holding
I would not say that the institutional whale investors do not do anything for Bitcoin from an economical standpoint. Obviously they are one of the main drivers of the price of Bitcoin, actually. Without their demand for such large amounts of Bitcoin, we would see Bitcoin go up, definitely, but at a much slower rate and no pumps above a few percent at a time. The price fluctuations as they are today, or as I call them: Opportunities for buying more Bitcoin, would not really exist to the point we know them now. Well, either way, institutional investors need Bitcoin but Bitcoin does not need the institutional investors. This much I believe to be true, at the very least. |
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I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.
So my question is, is the percentage of the rich gambling lower than the middle and lower class?
People who wish to gamble merely on the premises of desperation should be discouraged from gambling at all costs. With gambling, you cannot make a living wage nor is gambling a get-rich-quick scheme. If somebody is desperate for money, that person becomes easily manipulated by promises of big winnings. They cannot control their emotions and such vulnerable people are always victims. I think gambling for such a person is morally wrong. However, for people with enough money, who do not throw all their money away and know how to control themselves, gambling can be seen as a form of entertainment, as it should be. If you go into a casino with small amounts of money and without the goal or desire of making money and you accept the fact that you will lose money, then you won't turn yourself into a train wreck...  |
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In the world to day gambling is leading instead of Bitcoin BTC (crypto currency) and more are still wanting to join gambling because the minimum age to gamble is 18+ and lot of upcomings are waiting and this is the total amount of gamblers, so let's talk about the crypto currency (Bitcoin) we all know that Bitcoin is a good investment and it has changed a lot in the crypto world but the interesting part is that the numbers of Bitcoin investors can't be compared to gamble and my question is Why? or is the risk involved in Bitcoin higher than gambling risk? Just chesk this sourceLol where did you get that gambling gaining more fans than Bitcoin? The only reason why gambling is such a big business is because even the ultra rich are gamblers and the amounts they gamble dwarves the amounts that "regular people" gamble. And with a house edge which pretty much guarantees that house wins most of the time, the profits are insane. But that does not mean that a lot of people are gambling fans. If anything, gambling is just a human activity, intrinsic to the human condition. All in all, if you consider popularity, Bitcoin is better known in the world than any casino. In fact, I think most people have no idea what the top 3 casinos in the world are, and do not care about finding out. Bitcoin, on the other hand. Ask a random person about Bitcoin. More than half the time, they will know about Bitcoin. Many times they even own Bitcoin, themselves. |
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There's a popular remark among gamblers in the part of my country I reside. The saying is expressed like this "if you quit that's when you lose". They use this statement to encourage and give futuristic hope to themselves that no matter how much they loss today or how many wagers they have lost they don't need to quit as it's possible you may be the next jackpot winner tomorrow. For it's like say don't quit yet there may be a light at the end of the tunnel.
From what I observed from this statement is that, many of these gamblers have been misled by this very remark of a hypothetical hope which has liquidated their account. While some who would have quit gambling long ago still hedge their hope on the idea behind the statement and keeps wagering.
Now let's take this to a discuss; how correct is this statement? And is there any similar statement like that in your home-country that's popularly used among gamblers to encourage themselves from quiting gambling because they're losing?
Or would you allow your decision to quit gambling to be affected by any popular statement among your fellow gamblers or it's a no no thing for you?
Thats basically what gambling is. Convincing yourself that you can make the impossible possible. But people tend to go too far, they start mixing up reality with their fantasy world. That is what leads to the biggest losses. Gambling itself is fun, if you go small. But going big should be avoided because going big always stems from going with your "gut feeling" or emotions. No matter how lucky you think you are, you should never keep throwing your money into the fire just because you have lost control. Anyone who says "if you quit that's when you lose" is an irresponsible person who's advice should never be followed. That kind of statement is mathematically untrue. If you quit, you win by not losing even more money. |
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You are doing great in sports betting you Are wining a good sum and you are on the way mastering a good method in sports betting finally you have come to a point that all the years of perseverance is paying off then you're rich father decides that he will disinherit you if you do not stop gambling because he thinks that money that you are going to inherit will just vanish because of your addiction to gamble you will have to stop gambling for a minimum of five years.
You are going to inherit amount that you cannot win in sports betting possibly multi million
Will you explain to him that you are doing great and you are not a compulsive gambler
Will just stop gambling and be practical and get that multi million inheritance
You'll just go on with your passion and just forget the money that your father will give to you as inheritance.
Let's discuss this scenario is possible
Well I think the choice to disinherit you is the father's and must be thusly respected. His conditions and views on life and morality are not the same as yours. So either you change to somebody who has absolutely different views on the world or you stay who you are and reject his money. I for one would not bend to somebodies conditions just for the sake of money. But some people are willing to play that role and wait for their inheritance to come. By the time it comes, you yourself will perhaps be an old man. What a waste of life. But that is just my opinion. However, if such a small habit such as gambling is standing in your way, then that is a sign that you have a serious gambling problem and you should probably rethink your life if you are weighing a fortune against gambling. So in this particular situation, I would stop gambling. Because gambling should not be such a manipulative force in your long term decisions. |
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Thanks so much for your advice, I wouldn't think of btc until there is no way out, China also has organizations similar to the gofundme, We raised $20,000 before the bone marrow pairing, China has a very large population, And countless patients similar to ours every day, You can't raise all the treatment, We went to Beijing for medical treatment, I quit my job to take care of my younger brother, But leukemia is not a free disease in China, Only the types of hypertension can be reimbursed, And they also need to be paid for the insurance by the company every month, My younger brother is only seventeen years old, He is a student, Have not yet, As you have said, I have spoken to my friends and family, All the available channels were tried, $30,000, But they understand me very well, This is an interest-free loan, There are no time constraints available, My parents have a house, But in the countryside of China, Cannot mortgage sufficient funds, And they need a place to live, I own a house myself, Currently in the loan, To want a mortgage, Need two signatures from me and my wife, But my wife does not agree, My wife has asked me for a divorce several times, And I understand her very well, I don't want to say that China is bad, But in China, poor people with leukemia almost equals death, But I was my only younger brother, I grew up with him, He got very good grades, Great chance to get ahead. If I can choose now, I would like to replace my brother with leukemia. The above is all machine translation, considering the expression is not clear, sorry
If you cannot crowdsource the money then you will need to find another loan. I imagine that if somebody loaned you 75k, you could invest that 3k into Bitcoin and pay back your debts with the profit from Bitcoin within 15-20 years, if everything keeps going well for Bitcoin. But that would mean convincing a person or a bank to give you a loan for a very long amount of time. Either way you will still have to pay that loan back and depending on your Bitcoin profits, you might either pay it all back easily, or you will spend many years indebted, having to work the loan off. |
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sorry，I come from China，The following is translated by machine ，My brother has leukemia. I have already owed 30,000 US dollars. But my brother still hasn't improved. I finally got the bone marrow last week. The doctor said it would cost about 75,000 US dollars. My total assets are about 3,000 US dollars now. If I want to treat my brother. Is it too late to buy btc now?thank you
Bitcoin is not a get rich quick scheme. For you to make 75k USD out of your 3k USD you would need the Bitcoin price to go to 25x higher than it is now. Thats 750000 USD/BTC. The chance of that happening within the next 5 years is very low. Perhaps withing 10-15 years, sure. But since your brother's condition is so dire, it seems like he cannot wait that long. Your best chance at getting 75k USD in a short time is either a loan or a go-fund-me. In other words, crowdsourcing the money. But you will need to provide proof that you have a brother and that he truly has leukemia and that you do not have the money to pay for his treatment. Without that proof, nobody will send you any money. As I said, try gofundme.com and provide proofs. |
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We have had different analyses about the implication of population on the economy of a nation. Some economists will argue that the reason for the underdevelopment of most countries is because of overpopulation. Hence they are advised to cut down the population through diverse means like birth control and so on. In other countries, economists are also predicting economic woes because of underpopulation. These nations have been advised to increase the birth rate through diverse means. Some nations are giving citizens diverse welfare packages to increase the number of children they have. Some are encouraging immigration to fill the gaps created by the labor shortages.
A close look at this situation shows that many of these overpopulated nations mostly in Africa and Asia are underdeveloped. While these underpopulated nations are economically buoyant. I think the reason for the poverty of these developing nations is not the population but bad governance and the inability to maximize and distribute available resources equally. We cannot deny the fact that these overpopulated nations are economically important to these developed nations in terms of human resources. And they contribute immensely to the development of these first-world nations in terms of cheap labour.
How do you think these developed nations will fill vacancies in their nations and get cheap labor if the population of these developing nations is reduced?
For the price of Bitcoin, the more people the better. That is an interesting question. How many people are too many people and how few people are too few for an optimal economy, given the fact that we have only planet earth to live our lives on? People think we can terraform mars or populate the moon but that those are all dreams. People would rather live underground before having to live in radioactive deserts with no atmosphere. So we definitely have a limited amount of room for human beings. Some say 10 billion but thats a crass underestimate, if you ask me. I am sure we can easily get to a hundred billion people, but everyone would have living conditions like the poorest people in China. So, they would not have a very good life. So economically, that would be everyone being driven by a need to survive, not thrive. The difference between rich and poor would be hopelessly, extremely far apart. Basically like in the movie "In Time". Although anyone with a single Bitcoin would be a Trillionaire. So feel free to save Bitcoin ahead of time and your great-great-great-great-great-great-great-great-great grandchildren can be rich. If nobody spends or sells the BTC before... |
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As a gambler,I know that we have done so many mistakes in the pass base on our bets and wrong strategy or calculations that we have done which led to losing the game that was suppose to make you win big. I want to use myself as an example,I love sportbet and I bet more on it. Last months I placed my bet on 7 games that was to be played for two days. When the 5th game was played,all matches came out as predicted and I was called by the casino,to offer me a cash out of $200 in my local currency and I refused it because if the other two games was played and the I got the predictions right. I will win $1200,so I turned the offer down. The painful part of it was that the two games were to kick off on the same time,and after the games,my prediction for the two games was wrong. I felt so bad because I allowed greed to control my emotion. For this reason,I having decided that when ever I have an opportunity to cash out again,I will always go for it,instead of thinking that I can win all the money.
So my question is this,as a gambler what mistake have you made when gambling that prevented you from winning big.
Let's discuss.
The biggest mistake that us gamblers usually make, is not cashing out when we win. Especially if like in your story we win a nice amount of winnings that we should definitely cash out. My story is basically the same except I should have known when to stop. I did not. So, I lost a good amount of money in a poker game. I felt the need to go all in, like an idiot, all because I thought I had a nice set of cards which felt like an almost unbeatable hand. So my ego took over and said; hey, We are going to win anyway, so might as well make our profits the maximum amount...  Of course I lost. Just goes to show never to let your emotions take over. |
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