Looks like we are going down. Not a big surprise, looking at the last weekly candle.

It would seem that the rich do not go to jail, no matter how much money they steal as long as they are not stealing from the government. The CEO of the Luna scam obviously did not go to jail. He might be in hiding but if the government really wanted to put him in jail, they would have found him already. Same goes for Bankman. Either he was working together with the government or he paid off the government and is now enjoying life somewhere on some island.

Justice will obviously not reach him.

The only punishment he will receive is if the people he stole from decided to inflict mob justice on him. But the world has turned so soft, I doubt anyone will want to do that. Its a great age to be a scammer.

Wow. And you think anybody is going to take you up on your offer? You are obviously a grifter trying to trick people into buying your scam. Whatever you are offering, I will have to decline.

Furthermore, I am strictly warning everyone not to participate in OP's charade. If you want to own a casino, you need to put in the hard work yourself. There are no shortcuts in such a business. Buying finished "casinos" (especially from random newbie accounts) will result in you in downloading some malware/viruses which will without a doubt try to subvert your efforts, steal your and your clients money and do further damage.

STAY AWAY

I think if the gambling casinos did not have as much funds as they claim, we would have started seeing people complaining about not being able to withdraw, in other words, the casinos would just freeze withdrawals because there would not be anything for the players to cash out. As far as the old, most reputable casinos are concerned, they would never be dumb enough or greedy enough to try something as foolish as faking funds.

This is something only greedy owners of bad exchanges do. They lend money they do not have to people that will never be able to pay it back. And once people start withdrawing, they start making excuses. Up until the point the truth comes out.

It never ends pretty.

It will be a sad day indeed when my favorite website gets bought by that egomaniac. He will without a doubt not understand how this forum was created and our culture and morals. He will definitely ruin it. But then again this is all hypothetical. He has not declared anything about buying Bitcointalk nor any other forum websites. And I do not see why he would. Hopefully we will be left in peace from Elon Musk or any other people like him.

Of course you can. But by being free, obviously winning is going to be a very hard thing to do. Otherwise the casino would go broke from all the people winning from free spins. In and of itself free spins are just marketing tactics to get you to play on their online gambling platform. Once you have "tasted" their casino experience, chances are that you might want to stay and play some more. Except, of course, this time not for free but with actual money. Thats the point at which they make profit.

But free spins are still quite fun and are obviously part of the entire crypto casino gambling experience. So I am all for it. However I have yet to win anything.

I do not really believe in superstitions or things like luck. I choose where to have my gambling experiences based on how comfortable and profitable a online casino seems. I would choose user experience and a good reputation over everything else, anytime.

So thats why I only play on casinos which have been around for a long time and have a large community as well as those casinos which have community programs like bug hunting and good marketing campaigns. I want to feel safe, before I feeling lucky. We are trusting a third party with our funds as well as our government issued documents (for KYC)

So basically trust > luck.

If you want to keep your account from being banned, then do not cheat. Thats the only motivation you need to not cheat.

Why is it in the responsibility of the gambler not to cheat? Surely if there is a way to cheat the game its the sole responsibility of the gambling casino to patch that bug which allows the gamblers to cheat, in the first place?

I am not trying to say that I would cheat, or that cheating is a good thing or that cheating will not get you banned as it goes against the terms of service of almost any online gambling casino that I know of.  

I just think its not really up to us, as the gamblers to be the ones who shoulder that responsibility.

I do not remember saying that I know more than the experts who study encryption algorithms for years. I do not think I made it sound like that.

What I am saying is that, correct me if I am wrong, but isn't a seed phrase song just a kind of algorithm in itself? That's basically what I meant, because it seems like to me that a song would just be easier to crack if someone knew what to look for? Again, I am not calling myself an algorithm expert. Far from it.

And if you noticed I also said that writing it down, either as an encryption, in a song or plain text is not a good idea. But you must have missed that part of my post.

 

A seed phrase song? Seems like encryption but a bit lazier. Why not just think of your own simple encryption algorithm and write it down like that? Not that I am condoning writing down seed phrases in any way or form. I still think its a bad idea. Surely 12 words are not that hard to commit to memory long term? Just recite it everyday until you have it in your long term memory. OR better yet, every time you access your wallet, access it with your seed phrase. If you do that everyday at some point that phrase will become indented into your memory. No need to leave physical or digital storage.

How I imagine the author:

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Looks like people are finally understanding what "Not Your Keys, Not Your Coins" actually means:

https://www.coindesk.com/business/2022/11/17/bitcoin-exit-from-crypto-exchanges-rises-to-220k-over-past-10-days/

Long term employment is a relic of the past. Why would anyone wish to stay in a single role their whole life? Or work with a single company? People need change to grow and learn otherwise they are nothing but work slaves. A long time ago, back when jobs were very lucrative in pay and very rare, only the best and luckiest were selected. Obviously given the living conditions of those times the employees wanted to stay as long as possible. Because that job gave them a comfortable life. With time, employers became greedier and jobs became more abundant. Working no longer provided the same rewards as before.

Nowadays employers demand very high qualifications for crappy jobs with low pay. Even though the jobs themselves require minimal training time for new employees. So now its all about who pays more and because of this competitive market, people jump from one job to another, better paying one.

If employers sacrificed part of their profits for higher employee wages, they would have employees staying longer with them. But that is not cost effective, if you consider the cost of training new employees who accept lower wages.

OF course trading volume matters. The lower the trading volume, the less you will be to liquidate your coins/tokens at a moments notice. In fact, if you are making big trades, you might not even be able to sell. Or at least not for the price you want to.

Also low trading volume is an indicator that there is no interest in the project behind the investment. A dead/unpopular project is never a good sign.

Not to mention that low volume makes it very easy for whales to manipulate the market by introducing their own rogue market-making strategies which will only damage the project further.  

Also, how do you trust for example, TVL, if their trading volume is so low but their market cap is so high? Something sketchy seems to be going on there. Seems like a red flag to me.

The only consistency in gambling is you depositing more money. Whether you lose, win, win big, lose big, keep winning or keep losing is not something you can predict with patterns, I would think. Since gambling is based on probability with the house edge outweighing the probability of you making any money in the long term (if you keep gambling for a long time, that is.), there is no point in trying to recognize patterns. In fact, a mathematical model of mentioned probabilities and the variables and constants involved in the equation would probably serve you better than a model of patterns.

Interesting project. I wish you good luck with it!

However I must wonder how will you rate the forecasters? The quality as well as the followers are usually of questionable origin. How do you see through the fake followers and scam groups? I see many such groups posting nonsense memes with absolutely no useful substance with a few thousand views while having many hundred thousand followers. The math does not seem to add up on those groups.

Perhaps if you used a method of prediction correlation from all those groups, you might develop your own system of forecasting?

Cryptocurrency trading is also much much easier to get into as a layman. You only need an internet connection to get started. With stocks the process is so overregulated in some countries that you need a third party to do everything for you, including buying stocks. This is the main reason I am not interested in stocks. Its just too much buerocracy you have to wade through in order to get what you want.

Also you can think of cryptocurrency as stocks too. Except nobody can freeze your wallet or lose your stocks because they were all in a centralized database somewhere. You are the only one you need to count on. And that's worth a lot.

Taking a break from gambling is better than not doing anything at all, if you notice that your gambling habits are becoming problematic in your life. So that's a very responsible step to take and should be applauded.

Not many people know when to walk away from the casinos, even when it starts messing with their life.

Your mind is not a machine, it needs breaks too. And the constant firing of neuromolecules from gambling really tires your brain out. That can lead to mental health issues like depression. So not taking breaks is not a fantastic way to live. Even professional poker players need to take breaks otherwise their brains just fry out, leaving them in a bad place.

There should be no shame in either quitting nor taking time off.

I think the best way to reduce gambling related health issues (also meaning mental health issues) is to understand how gambling can cause an addiction in the first place. It is possible to gamble without becoming addicted. But only if you know how to avoid the addiction traps. And once you learn how to avoid them, thats 99% of the problem solved. Because almost all of these issues arise from gambling addictions.

The act of gambling releases dopamine. Just like with drugs. In order not to become addicted to gambling your brain needs to avoid creating a connection between the dopamine release and the act of gambling as a reward for winning.

So easiest way: after you win a sum of money that makes you feel very happy and excited, you walk away from gambling and distract yourself with something else while that feeling wears off. I recommend at least a few days break.

I recommend reading the posts in this topic on trust wallet security issues: https://bitcointalk.org/index.php?topic=5420819

Trust Wallet is not decentralized and it is not open source. This means they could possibly have access to their user's keys and obviously, being centralized, if something did happen like if they were hacked for some reason, that sensitive information would be going over to the hackers. And your coins with it.

So even if we see a pump of the Trust Wallet Token by nearly 200%, I would still stay away from it. The size of pumps should not be your measure for the quality of wallet/other services.

I still do not understand why people listen to Elon Musk. He has proven time and time again to be a huge nothing-burger. He is a completely narcissistic egomaniac with half baked inventions that do not hold water long term. Do people still think he is some sort of genius? He does exactly what Steve Jobs did. Hypes up his products and his own image without having achieved anything himself. Sure, he duped people in buying his products but being a sleazy entrepreneur with no moral compass is not impressive.

I very much doubt Elon Musks understands Bitcoin or its potential. If he did, he would not be hyping memecoins.