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221  Economy / Gambling discussion / Re: Rich or poor gambler, who should risk more? on: February 27, 2024, 09:15:27 PM
Gambling an activity for fun also has the chance to turn someone's fortune. Calculated risk when taken in gambling can be the way to big wins from gambling. Who do you think should take more risk in gambling? The rich gambler or the gambler who is not yet rich. If a rich gambler takes risks in gambling, they are risking losing money and becoming poor from gambling, or getting richer, when a gambler who is not yet rich gambles, they can also get poorer or richer, so the gambler who should take the risk should be the gambler who can handle the dangers of the risk like losing too. When a rich gambler loses from taking a risk, there is a better chance of them being in a position to manage with the losses, than someone struggling financially who a big loss will really affect. So, I am confused after asking myself this question and answering it, does this mean a poor gambler should continue to play it safe in gambling? With no risk, how can a poor gambler change their fortune in gambling?

I think that it is all a matter of percentage and financial relativity. If a poor man gambles even only 1% of his income, he might not be able to pay his bills. If a rich man does it, then he will still be just as rich as before. The problems only start to arise when either of those men develop a gambling problem. Once that happens, it is not so far to full-blown gambling addiction as well as losing all their money. In the end they will be just as poor as the other, with absolutely nothing in their pockets.
222  Economy / Gambling discussion / Re: Can Anyone +18 Play Gamble? on: February 27, 2024, 05:06:55 PM
Does gambling needs experience or anyone +18, even the inexperienced one can also play? Though playing gamble has a limited age grade or age bracket and the accepted is from  +18 years and there are some casinos hall at the door post, it is written clearly that it is only people of +18 can play. But what about the inexperienced ones, are they allowed to play gamble as well? Or they are also restricted to have the fun? In my observation, there are two elements to participate in gambling. One, you must above 18 years in my country and secondly you must have an experience to play, so I want to know if inexperienced people can also play gamble.

If what you mean by "play gamble" is to play a gambling game with money that is not real, then I think yes, they legally can. They are not really gambling because real gambling is only with real money. Pressing a few buttons on the screen to win/lose fake money is fine by me. In fact, it might even teach the kid what gambling really is, So he can gamble responsibly without getting hooked later in life. I can think of quite a few video games which are morally worse. And if that is wrong then perhaps both things are wrong. But that is a question I have no answers to.
223  Economy / Gambling discussion / Re: Gambling between the past and nowadays on: February 26, 2024, 12:30:44 PM
We have all noticed the changes that have occurred in gambling over the past years, as gambling in 1990 or before is not the same as it is today due to several factors, including:
-Ease of playing and more casinos.
-Inventing new tools and methods of playing.
-Online gambling and the emergence of easy-to-use applications that support all games.
-The method of advertising has changed, becoming more effective and attracting more players.
-The presence of liquidity due to the increase in the amounts that players bet.
-Provides more profit opportunities..

In your opinion, what are the factors that brought  change in the field of gambling? What is your outlook on it in the future?

Old style of gambling was way better. Nowadays everything digital. Even at the physical casinos. Especially when it comes to coin slots, there is no more throwing in a quarter and pulling a lever. That actually felt like you were doing something. Participating in your own fate. But nowadays? Go get your "account" "funded". Then sit down and look at a screen while at most, pressing a button. Or just pressing the screen itself. I can do the same at home.

An old timey vibe casino would really be nice. No modern BS. Indoor smoking, that retro feel. you know the one.
224  Economy / Gambling discussion / Re: Trying to find a Sweet Bonanza Max win Video. on: February 25, 2024, 06:07:03 PM
As you know Sweet Bonanza is one of the most popular slots, a lot of streamers love to play it, and the max win is supposed to be x21,000. But when we try to find a video of a max win, it is hard/impossible.

If we compare this with Wanted Dead or a Wild, in Wanted we can find tons of videos showing a Max win. So, i would like to open the discussion.

Have you ever seen a max win on Sweet Bonanza or any other Pragmatic slot?

If I ever saw a video of someone winning x21,000 then I probably would not believe it. I would think that was fake. I have never heard of anyone actually getting the max win. I am not saying that it is impossible but the precious few handfuls of people that do get it, probably don't brag about it or don't film themselves doing it.

Although I have heard and seen (relatively) many people getting multiple thousands in multiplicators with sweet bonanza. So I am sure a few have gotten the max win at some point.

People are comparing multiplicators from different games but all the games have different dynamics and different max wins.
225  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 25, 2024, 04:02:07 PM
Interrupting Chartbuddy public service.
Observing 51,635@Stamp

Observing Powder as well


It almost looks like someone sprayed blue antifreeze on the snow or something.
226  Economy / Gambling discussion / Re: A lot of gambling sites are scams ! on: February 25, 2024, 05:06:39 AM
Online betting has become the main concern for the majority of young people, as players flock to casinos forcefully to obtain the largest possible amount of money. There are those who invest thousands and millions of dollars, but there is a serious problem as the majority of sites provide facilities to ensure players’ participation and entice them with large sums of money. Then they steal every cent directly. There are sites that do not target young players, as their victims are those with large amounts of money. Other sites initially deal transparently and seek to gain the trust of the players until they obtain a large audience. Then they begin their hellish plans. So , the majority of gambling sites are unsafe and it's hard to trust them .

How can I choose the best betting site that provides me with a safe betting experience?
Does this site provide a high level of safety for its players?
I need help from those with experience in this field

Well, depending on what your idea of a "safe betting experience" is, you might not find such a thing on any betting website. But that depends on how you define "stealing" The very business model of a online gambling casino is for you to lose your money, over time. But that is not really considered stealing. So if that is the part that bothers you then the only alternative is not to gamble, at all.

Of course, if you are talking about scam casinos which are the ones that actually steal your money, then those can be avoided easily with a healthy awareness of the casinos reputation, rigorous due diligence, as well as common sense.
227  Economy / Gambling discussion / Re: The shocking rate of women interested in gambling. on: February 24, 2024, 11:01:08 PM
After a thorough research, I've come to understand that the history of gambling could be traced far back to the ancient Chinese and was mostly practiced by men cause by then it didn't seem right for women to be involved in such act, Well it wasn't illegal for women but there where more men participating in casinos than women, but change they say is constant and as time passed, women gradually began to participate in the act and I think in the 19th if I'm not mistaken more women began to participate in it and by then a woman called Alice Iver Tubbs, also known as (Poker Alice) became a professional in gambling, history have it that she was very good with poker which led to the name Poker Alice.

 However in recent times we're beginning to see more gamblers who are woman emerge and though they're not yet equal to the amount of male gambler, a good amount of women globally have began to pick interest in it, since it's now being socialized, to back that up, I know some of my friends that participate in gambling and even play slot games as well as staking of the UEFA Champions League games, I know a friend who also love to stake on Al-Nassr cause her favourite football celebrity Ronaldo plays for the team. lol I won't also deny that she's gradually luring me into sports betting as well.

 Also the rate at which women are now picking interes in gambling is so alarming, there are a good number of female punters on the media with good fanbase and they give good betting advice, we all know that gambling does guarantee 100% success but if you follow their predictions you could get atleast 60 to 70% chances of winning the bet. That's to tell you how well women are now involving in gambling and as time passes there's a tendency for more women to indulge in it as well, since the social media have made gambling more popular and the fact that it involves sporting activities makes that more possible.

I don't understand what is so special about a woman in gambling? Also, where did you get your facts? Do you have any sources which prove your claim of this sudden new surge of women in gambling, because I have noticed absolutely no difference. Sure, there are women in gambling but the men by far outweigh the women in their numbers, so your claim of a "shocking rate" does not really make sense to me.

From a evolutionary perspective, most women are not risk-takers. And that is a good thing too, or the human species would have ended a long time ago.
228  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2024, 08:50:15 PM
That $150k is pretty damned whimpy...

I hope so man. I think we will see a top of $180,000 to $250,000 some time in 2025.

I don’t think my mind is currently able to compute what I could do with the price any higher than that with my current bitcoin stash.

You can make your own TV show... With Blackjack. And hookers. In fact, forget the TV show.
229  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 24, 2024, 12:57:42 PM

Exactly, who the hell is buying Crypto? Bitcoin > Crypto


Funny that Bitcoin is also a cryptocurrency.



If you are going to survive here, you need to learn the difference between Crypto and cryptocurrency. Stay away from Crypto. Bitcoin is cryptocurrency but it is not Crypto.
230  Bitcoin / Bitcoin Discussion / Re: Is it too advanced to get into Bitcoin now? on: February 23, 2024, 08:37:24 PM
Cryptocurrency prices have increased by 118% compared to last year. Similarly, prices are increasing by almost 83% in the last 04 months.The dramatic history price of Bitcoin peaks and the recent buzz around its upcoming "halving" its only fair to pose the most obvious question in front of us that-
Did the Bitcoin flight already leave investors? or is there still time to buy a ticket?

The attractions of Bitcoin investments has always been double the potential for significant returns and its suggested role as digital gold.Historically Bitcoin has rewarded the bold to investors. For the next "halving" currently on track for April, another bull run seems highly likely. Recent price gains although this potential wave should take Bitcoin to a whole other level as it did after the May 2020, July 2016 and November 2012.

It is never too late to get into Bitcoin. History has proven this right again and again! Why do people still think that this time will somehow be different?

Although if you are not sure about whether or not you feel good about investing, then you should not invest. Otherwise you will get shaky hands at the next price dip/dump and and sell at a loss.

So that is not a good mindset to have when investing.



231  Economy / Gambling discussion / Re: Who's winning more casinos or gamblers? on: February 23, 2024, 08:29:36 PM
Every day, thousands of dollars enter or leave the treasury of casinos, and we always hear about a gambler who wins or loses a large sum of money.

The thing that caught my attention is that the casino never loses. The money that you win is not the property of the casino, but of another player. The casino is in the process of recycling the money that the players have invested. There is always a winner and a loser, and when you bet with an amount of money, you bet against the money of all the other players. If you win, they will pay you from their money, and if someone else wins, they will pay himBTCBTC from your money.

So the casino remains the biggest beneficiary, right?

Obviously the casino is winning more than the gamblers, otherwise the entire business model of a casino would not even work in the first place. So the question itself is a bit moot, don't you think?

House edge means that, mathematically, the casino will win more often when you look at the sum of all games played by the gamblers within a longer period of time. Thats just what probability does.

Although there is a subset of gamblers who win more often than the casino. But that is a very small subset.
232  Bitcoin / Bitcoin Discussion / Re: Planning to invest in Bitcoin to perform Hajj. on: February 23, 2024, 02:30:28 PM
I have an investment plan for my mother by collecting $3 every day from the results of my mother's business and that $3 is a small portion of my mother's business profits. My mother owned a grocery store and after my father died, I built a grocery store for my mother with the goal of giving my mother something to do at home.
And my mother already knows that I have been involved with Bitcoin for a long time and I have discussed this, and my mother agrees because she knows the benefits and changes that I get from Bitcoin in the long run. And my mother has great hopes that Bitcoin can provide good profits in the long term, she wants to use these profits to perform the Hajj or can be used as extra money which my mother has long planned.

And I would like to know your opinion whether this plan will be successful in the long term and aims to provide additional funds to carry out the long-desired Hajj. My mother is currently 60 years old and wants to perform the Hajj at the age of 70, and my mother also has savings that she has been working on for a long time and also has the same goal and is sometimes used for emergency funds.
And with this I took the initiative to plan this which I will do in stages and my plan is, using $3 a day from my mother's grocery store in 30 days = $90 that I will spend in Bitcoin every month. And I will also increase my purchases when my mother has excess money or unexpected money because that often happens.

And I ask for prayers from the BTT Forum which I respect so that my mother's dream of performing the Hajj can come true.

For anyone who does not know what the Hajj is : It is the annual Islamic pilgrimage to Mecca.

To the question of whether it is wise to invest in Bitcoin so that your mother can afford the Hajj in 10 years in the future, I would say yes. But I think this will be possible in the much sooner in the next 1-2 years. It is very likely that we may even see 100k Bitcoin this year.

But Bitcoin should not be considered a get-rich quick scheme. In the short-term, it might go up or down by a considerable amount or it might do nothing. If a person absolutely needs the money for the Hajj right now, asap, then they should not invest it in Bitcoin if they can also otherwise save up fiat money.
233  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 23, 2024, 02:19:41 PM
-


Hmmm did you read what I posted, I mean how would I be able to continue dca’ing into Btc if my emergency fund wasn’t denominated in fiat currency. At no point did I say my emergency fund was denominated in btc. An emergency fund should be completely liquid. Maybe in my case I’m overly aggressive(my enter the world date might preclude that or not), I have said this before but I adjust my emergency fund for inflation and have added to the monthly expense list a btc dca amount. I don’t consider any assets I hold as part of the emergency fund, asset is not liquid in the sense of an emergency fund and like you mentioned market could be against you in your time of need.

My aggressiveness with emergency funds is more in the term of fund, its sitting at 18 months. I have had to use over my lifetime, always replenishing it. I haven’t ruled out increasing one or two more quarters but so far(from enter the world date) have only ever needed it for 8months.

The hardest thing about an emergency fund is avoiding temptation to dip into ie through some form of relaxing your risk mgmt. I would be much much more Btc “richer” if I had of reduced the fund to 12 months back when I got into btc but I didn’t. I have maintained a very risk averse emergency fund mgmt style and you can see here I’m thinking about increasing the risk aversity. The question I’m pondering this year is do I increase it to 24months or do I use that capital to go into btc more.



An emergency fund needs to be liquid indeed. But unless your emergency fund is peanuts, Bitcoin is the better emergency fund. However, if your funds are so low that 20-30% dips would put you at serious risk (meaning you have an emergency which you cannot pay for because the fiat value is now too low), then fiat is the better emergency fund.

I think most people would profit more from having a BTC emergency fund, as in the next few years we can expect a Bitcoin price of >$100k (and we might not visit 50k again.)

Anyone betting against Bitcoin at this point has not realized the reality of Bitcoins inevitable future.
234  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 22, 2024, 11:42:45 PM
White people no longer exist according to Google's AI "tool".


Oh no, Doc.... We need to change the future before it's too late.

235  Economy / Gambling discussion / Re: Do you stick to some Casinos or do you try out new ones? on: February 22, 2024, 08:52:15 PM
I was discussing with a friend yesterday about the choice of Casinos and the great incentives that comes with trying out these new legitimate platforms. He told me bluntly that he doesn't try out new platforms because  it will make him gamble more and will waste his time trying to understand their UI, terms and conditions and their support system. He stressed that he has already developed fondness with a few sites that treats him fine and he even has their support hot lines in case of any issues.
I challenged him that there were exciting offers in these new casinos that he's missing out on but he stressed that he was not interested in their offers, he has already built his gambling life around these few casinos and until they disappoint him, he's sold out to them.

what do you think?. Do you believe he is right with the rigid approach to gambling?,  also should I continue convincing him  to try out something new and enjoy these great offers?.

I think that always gambling in the same casinos tends to get boring after some time. Other casinos have different games, a different community, a different way of running events and bonuses. What would life be without some diversity? Especially when it comes to your hobbies.

But having said that, I think we should be very careful where we put our money. Not every online gambling casino can be blindly trusted. Some casinos are well known and have a squeaky clean reputation, while others... Well basically there are some dangerous ones that need to be avoided. Some are complete scams while others are technically not scams but do things in very shady and unfair ways.

Thats why one should always research the casino platform before putting money in one of their wallets.
236  Economy / Gambling discussion / Re: Gambling for fun and not a way of making money on: February 22, 2024, 05:50:23 PM
It is so much easier to play with the smallest possible amounts and still have just as much fun gambling as if you were playing with large amounts. But this only works when you understand that getting rich through gambling or even making a steady income is technically not possible. Sure, you could, but it would take half a miracle. The math is not on your side. And yes, you could get lucky and make a lot of money once, but that is not going to happen again that seemingly easily.

Once you understand this, you will give up on chasing large winnings and stick to the tiny winnings. And it will be just as exciting and fun. The only difference is that you won't need to take a loan out on your house Roll Eyes.
237  Economy / Gambling discussion / Re: Recovering gambling addict stories on: February 22, 2024, 03:31:50 PM
We have said it several times without number on this gambling board that gambling is not for making money. Gambling should only be for fun.

Or let me put it this way. If you want to gamble, either for fun or to make money, do not use more than 1% to 5% of your weekly income on gambling. The recommended percentage is 1% but I do not see 5% affecting me. So if you can not go more than 1% of your weekly income, do not go more than that.

If gambling is taking your money, do not gamble again.


I completely agree.

That is exactly the reason why I only gamble with tiny amounts of money and I make sure to put a daily spending limit in place. Gambling is not a profitable practice and nobody should suffer under the delusion of it being some kind of amazing, secret income source that others, who lose their money gambling, do not have the skill to achieve.

The ultimate truth is that when we gamble, we seek the rush of adrenaline and dopamine. That is all. Some of us know that and others seek it without understanding what it is that they seek.

And you can get the same rush with tiny amounts of money, so why gamble large amounts?
238  Alternate cryptocurrencies / Altcoin Discussion / Re: Solana blockchain on: February 22, 2024, 12:47:48 PM
On the low liquidity exchange Poloniex, the Solana withdrawals are paused and the price dropped over 35% from the market price and currently it is 5% below normal price. Obviously once they resume withdrawals, the prices will sync back to market price. Do you guys see this as a good opportunity to make a free 5% profit? Or do you guys think that they will take ages to resume the withdrawals and the price will keep falling in the coming days?

I am going to take advantage since this is not the first time this has happened and withdrawals usually resume in days.

If you believe in Solana, then I'd say "go for it". But constant network outages makes me think twice before putting my own money in it. Some say the upcoming "Firedancer" node software release by Jump Crypto will solve Solana's reliability problems once and for all. I'm yet to see whenever that'll be the case in the coming months.

If Solana proves to be a reliable ETH alternative, there won't be nothing stopping it from reaching a new ATH. I'd proceed with caution just to be safe. We can't predict the future, so lets hope for the best. Grin

Well, it is not really as much as a belief in Solana as a reliable ETH alternative as it is rather a belief that it is safe to buy and hold (for a week or two) smaller amounts of Solana on low liquidity exchanges like Poloniex during events in which the price can be expected to diverge due to a problem with the exchange itself. This happens everytime, with any altcoin when a low liquidity exchange decides to "pause withdrawals" to fix the wallet. People panic and start selling their SOL because they think something bad is going to happen. A sudden 60% drop in price is a good chance.

The only danger here is that the exchange might not resume the withdrawals or something happens to the altcoin itself, while you are holding it.
239  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 21, 2024, 10:08:18 PM

no i say 44,444 in the next 4 days

40/40 chance

That math makes no sense.

240  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 21, 2024, 08:32:03 PM
your bets guys... will 50k hold over the next 3 days?

I'd say we'll dip below

Will 53k hold for the next 3 days?

I'd say it's iffy.

will we stay under 55,555 in the next 5 days.

I say it is a 50-50 chance  Wink

The way I see it, we will either bounce off of 49.6k or 47.5k but we will be sub 50k probably for a short while.
It's ok, though. Bitcoin was pumping really hard so it needs a breather.

Poor lil fella's all tuckered out.

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