The way I see it, the only possibility of Bitcoin going to zero is if someone discovers something out of this world about some unfixable blockchain exploit which compromises everyone's wallets or breaks down the entire system of how blockchain works.

But lets be realistic. We might as well ask ourselves what happens if tomorrow aliens land on earth and exterminate the human race? Sure its a possibility but then again anything is just as possible as anything else to happen. The probability of something like that happening is infinitely close to zero so is the possibility even worth thinking about in the first place? I think not.

Blockchain has proven itself again and again. I see no reason to start panicking now.

That is a very nicely detailed list! I am sure there are other frauds but I think they are derivatives of the main ones that you just mentioned. Good job on keeping the community alert! IOU 1 merit.

Fraudsters tend to target both online gambling casino websites as well as their visitors. I would also mention the phishing frauds going around. They are easy to spot but people tend to keep falling for them... Its a fraud where the fraudster creates a perfect copy of the entire casino website with the sole purpose to steal passwords and account information.

Easy to avoid if you use 2FA and keep your mind alert (Always check to make sure the url is real- the scammers usually replace a letter with a similiar looking letter like capital i with a lowercase L)

As much as I want a royal flush, I have never actually gotten one. I suppose that the odds of getting a royal flush are extremely low. Beyond minuscule. And honestly I would not ever count on getting one. But man, how amazing of a feeling must it be to win with a hand like that? At that point when you realize how good your hand is, you plan a strategy of going all in without alerting anyone of your imminent and indisputable win.

I think thats also just as hard. Imagine if you got a royal flush but everyone else folds because you go all in too soon? What a shame that would be..

Great job on your Bitcoin promotion! A lot of people would never go that far and take such initiatives despite believing strongly in Bitcoin. Especially if its too much work or costs any amount of money (or time). I am glad to see there still are real Bitcoiners in the world who love Bitcoin, truly.

Your contribution to Bitcoin adoption marketing will be remembered when Bitcoin becomes the one global money. And I do believe that will eventually happen. Of course it will happen much faster if we had more amazing people like you in our Bitcoin community!

Keep up the good work and update us on your progress!

I do not think that Germany fully understands the concept of decentralized finance. They are still thinking of crypto in terms of digital money, like Paypal. They are completely leaving out the issue of the unregulatable nature of smart contract swapping of crypto. Especially when it comes to DeFi.

How exactly do they think they can demand KYC from every single person with a self-custody wallet? How are they even going to find the people the wallets belong to? Do they just hope that everyone with a wallet makes themselves known? Or are they going to demand unreasonable and impossible KYC demands for service/goods providers who accept Bitcoin?

All these demands from unknowing politicians are just empty threats, because they cannot actually do anything. I am certain that they only demand more to be done as a way to make themselves look good (as in PR stunts) by pretending like they have found a solution of somehow centralizing a decentralized, anonymous money. Lets not forget, they have not even been able to control Bitcoin as they would a regular security. And Bitcoin has been unrestrained for over a decade now.

What chance do they think they have with DeFi? Not even mentioning privacy coins like Monero. At some point they will realize that they cannot attack the end points like crypto exchanges because there are always other ways to buy and sell crypto. Its over. The governments can only kick and scream now. We have won.

The fact that the oldest crypto, Bitcoin, has not been put on a leash by the government is the greatest proof of this.

Honestly there is no good way to choose a crypto casino. All of them have different bonuses, different marketing approaches when it comes to their community, different service levels and different games.

Usually they follow the same framework of online gambling casinos but some have better user experience designs or better game designs or etc.

The most important part is to first do your research on which casinos are trusted and which are not. I believe that if you peruse the Bitcointalk forum for a while you will see the differences and which are the most liked casinos yourself.

Do not go for new/red trusted casinos or casinos with scam accusations. Everything else is subjective.

That might be considered false advertising but I cannot say for sure since I am not a lawyer nor do I have the specific knowledge about which casinos are subject to which countries laws. What I can say for certainty is that online gambling casinos, just as offline gambling casinos are subject to strict regulations and check-ups. It would not be easy for a legitimate casino to actually break these rules and regulations without repercussions. As far as the mechanism for return percentage, I think that is all in the algorithm which decides the house edge. Obviously the house will always win. Its simple mathematical probabilities.

This. 100% this.

Closed source is too shady. Crypto stands for transparency. How else would we know what the traps and pitfalls are supposed to be? Just trust the developers and hope for the best? No thx.

I would not completely trust any non-Bitcointalk-endorsed wallet since most people here know what they are talking about and you will not find a community with more technical knowledge about wallets and which wallets are safe. I keep hearing that Trustwallet cannot be trusted, ironically.

If you are using a wallet for Bitcoin, use a wallet like Electrum. Most people here would gladly vouch for that wallet. Although there are others.

But if you need a wallet to store altcoins or use for DeFi then you can use Trustwallet as long as you keep in mind that its better to store long term somewhere else.

The first item purchased with Bitcoin was an NFT?

I am not completely sure what you mean by strategy for Dollar Cost Averaging since Dollar Cost Averaging is the strategy itself. If you were to ask me how I do it then I say you simply divide your money up and invest/trade as you would normally except not all at once. I personally use the daily scale and invest in each dip. At any moment, a giant red candle could appear and ruin your day. Same goes for the giant green candle. Nobody knows when or why it will happen but we know that it will happen. So the best course of action is to minimize the risk with DCA.

This is getting ridiculous. People are over-inflating the importance and usefulness of ChatGPT or any modern advanced AI. Why would anyone use it to trade? There are AI trading bots designed exactly for trading and even then, people prefer not to use them due to the fact that the human mind is still better at doing the task. And when it comes to trading, every little bit of profit/loss counts. Thats not a job that you would want to leave to an AI bot.

One small mistake and all your money is gone. To me, thats waay to risky. And I have yet to hear of anyone, other than the AI developers themselves, becoming rich from using AI.

I am sure that what you are describing is not only frowned upon by the authorities and casino regulators, but it is also quite illegal for casinos to do. I doubt any legitimate casino would try to risk their entire business over some extra profit. Especially when they are being controlled and hounded by people whos sole job it is to weed out bad actors in that particular business.

Don't get me wrong, I think casinos will try to do the sneakiest, dirtiest things to gain more profit but only when they are moving in a legal area. Rigging the games in such a way is undoubtedly not legal though.

Well its about time! Too many gambling casinos are using a weaponized form of KYC just in hopes that they will get their money back one way or another from the winners who cannot or do not provide KYC due to their own reasons. Or they use KYC as a stalling tactic until the only choice is to get a lawyer or give up their winnings. Its quite disgusting at this point because they know that not everyone has the strength to fight back.

Either you demand KYC or you do not. Making withdrawing funds harder for winners only is not ok.

Good job on becoming a Bitcoiner who spreads the word of the future money! Really nice job!

But at moments like these I do think it's a bit of a shame that there is no referral reward system for Bitcoin, built in. That would help the adoption and globalization of Bitcoin along. But either way, Bitcoin will, whether slowly or fast, become the one, true global money.

I hope you remembered to tell your friend about the traps along his path. No panic selling, only hodl and do not trust altcoins. Especially ones that are not in the top 20 on Coinmarketcap.

The secret? Just read the whitepaper until you understand how important Bitcoin is. Its a money which provably cannot be controlled or regulated or frozen by anyone. The reason being that that very control is distributed among miners. And anyone can become a Bitcoiner miner at any time as long as they have internet. This is also the reason why most of us are strictly against implementation of PoS for Bitcoin, but thats a different discussion.

Its also based on a system of being a public ledger. So saying that criminals can stay anonymous with Bitcoin is nonsense.

The underlying value is not merely speculation but also the cost that mining.

So it has provable value and a free nature. Thats next gen money.

Obviously do not trust anyone, even a cousin or any other family member or best friend with your money. At some point people will betray you. Knowing that, why would you still trust people with large amounts of money?

I think there is something shadier going on. Anyone wishing to stay anonymous for such silly reasons has something to hide and I am sure that that particular person was trying to hide something as well.

People need to be less oblivious to whats going on around them. Seriously.

I think you may be perhaps misunderstanding the entire point of Bitcoin as well as other cryptocurrencies. It is to BE YOUR OWN BANK. It really is self explainatory. There is absolutely no more need in our modern times for some third party member to hold your money for you until you decide to send it to someone. And not only do they hold your money for you, they also demand payment for this "service". Although its not a service, really.

And if something should happen, be sure that nobody in that bank will care about your loss of money. The bank will whisk away responsibility and carry on as usual.

Rise above and be your own bank.

The correct topic subject for this topic should be "will crypto replace traditional banks" and the answer is yes, yes they will and already have done so.

Well, alright. I decided to take a look at your online gambling crypto casino "Metaspins.com" and have found a few things that I think could be areas of potential improvement. These following suggestions are merely my own thoughts and are not meant to make Metaspins look bad or good. They are just opinions.

First of all, the user experience design is all over the place and not very thought out. When I first came to the casino I could not find an option to change the language. There really is no order to the interface, but rather as I said, everything is just jumbled around.

Secondly, the crypto buying options are quite limited. You might want to update the payment options.

Overall its a standard casino with no personal flair or something that makes it stand out from the other casinos.

Black Friday used to be something more. Something exciting. Something you, your family and your friends would love and look forward to. At least in America. But slowly that whole concept turned into a corner-cut, cost efficient marketing nightmare for the customers.

It's a shame, really. I would have loved the old Black Friday spirit back. At least in online gambling casinos...

I think as long as the casino itself is licensed correctly, you can be sure that the business is legitimate. A KYC of the team itself is less dependable in my eyes than a government approval. And you have to ask yourself who is doing the KYC procedure in the first place and how legit they are. So, KYC is BS.

So if you are worried about that kind of "proof" in order to ensure that the casino you choose is not a scam, then a license, which is government approved and publically verifiable would be a better proof than a "doxx" of members who may or may not be real or not (they may be real people with fake ID and forged government papers in order to hide their real identity.)