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2601  Economy / Gambling / Re: What is a game you would like to see in an online crypto casino? on: June 17, 2022, 01:46:17 PM
Hey Bitcointalkers,

What games do you like to play (mobile, board games, easy game with friends, etc.) that you would love to see put into an online casino for real betting?

There have been a lot of successful yet simple games in online casinos like Heads or Tails, Over/Under, and more. We are looking to see what games you guys love and wonder if we can turn them into an online betting game!

In fact, this is a great question that gives reason to think well. I wonder how much casino games will change in 10 years? 20 years? Will the good old Poker be as recognizable as it is now? Or will it change?

Everything is always constantly changing. It's a law of physics that movement can never stop in this world of ours. No matter how tiny, there is always something moving and changing.

So obviously the same goes for online gambling casinos and their games.

Personally I have learned to love change. Would be a tad boring if everything always stayed the same. That would be hell after a while.
2602  Bitcoin / Bitcoin Discussion / Re: Accepting Bitcoin for your business just like Tesla: Report on: June 17, 2022, 01:11:36 PM
The topic can be seen as very constructive but it does seem to miss a few important points which need addressing before you even think about accepting Bitcoin in your business. You obviously need to convert part of it into funds for your expenses and taxes. Secondly you need to know your own country's laws on accepting Bitcoin payments (don't forget to get consulation from reputable sources).

And third, which is advice ; give your customers/clients an incentive to pay with Bitcoin.
2603  Economy / Gambling discussion / Re: Japanese man gambled away a huge Covid-19 relief funds mistakenly sent to him on: June 16, 2022, 11:42:44 PM
This story is unrealistic and fishy to me.

I also think too.  Considering the amount deposited and the amount withdrawn for 2 weeks in the given daily amount withdrawals.  There is no way he is able to withdraw all the funds in that account in just two weeks.  There are irregularities in the report.  And why isn't the sender questioned?  
which part is unrealistic? the whole thing or just parts of it?

here's another article regarding the news. it has more details in it and it also mentions that they are investigating how the erroneous transfer went unnoticed. it also says that the man has made 34 withdrawals in just over ten days. I am looking for updates regarding this news but I can't find one. I also want to know as to whether there was a foul play or just a mistake from the sender.

Which part is unrealistic?

That is a tough question but if I had to formulate an answer for you right now then I would probably say that the part with that certain japanese man gambling away such large sums of money is extremely unrealistic...

I mean just think about it.  Common human sense would tell you to not gamble that money and pocket it instead. Thats just basic human greed and a healthy human mind. So lets assume that guy was a gambling addict. How rare is that? Being a gambling addict AND accidently receiving a large sum of money that nobody in their right mind would gamble away....

Statistically, its extremely unlikely.
2604  Economy / Gambling discussion / Re: Bonus Abuse: Who is to Blame? on: June 16, 2022, 11:05:00 PM
I believe anyone who went into the scam with a bad intention is to blame. Why should we put different people in groups based on superficial and arbitrary blaming of groups?

If the online gambling casino is to blame because it obviously got some kind of profit or advantage from the scam then its the casino which is to blame. Same goes with the "customers" are you called them. A casino needs good security but even if someone breaks through that security it does not make them not responsible for their scamming actions...

So its a bit of a difficult answer I guess.
2605  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 16, 2022, 10:20:24 PM

I might be evil for wishing ruin upon the current miners but that cheap Bitcoin would be really nice  Tongue
2606  Bitcoin / Bitcoin Discussion / Re: Newbies: Don't panic and learn to hold on: June 16, 2022, 07:54:51 PM
Newbies, do not despair if you lose money trading instead of hodling. Those who trade will understand how much better it is to hodl, in time. But until then trading might seem like a very alluring and lucrative way to earn more coin. Buy low sell high, right?

The problem is reality. And reality says that new traders will almost definitely lose money until they become pros. And even after many years of trading and losing money, you will stay make tiny marginal profits.


Better to hodl.
2607  Economy / Gambling discussion / Re: How can a new sportsbook gain trust? on: June 16, 2022, 07:49:54 PM
There is no big deal in gaining trust as long as your sportsbook remains honest with their users. It’s simple trust formula, you give us trusted ecosystem we play and enjoy. Considering other factors, you should have amazing staff support, huge publicity and social network presence which can create enthusiasm between the players and then mouth to mouth publicity also starts. That’s slow and steady process but I have already seen small casinos becoming the mega rollers around the forum. Go for it with proper roadmap and keep entertained audience to gain the trust.

It's a big deal for me, even if a gambling site claimed that they are honest but without the feedback of the people I would still hesitate to gamble on a certain site. The thing is, they build their reputation so they'll become popular as that's the best recipe in order for them to be successful.

Exactly. It is impossibly easy to just say something. Anyone can make any claims they want and we should not give them our trust just based on that. What motivation do they have to tell you the truth? If anything they would only want to be seen in a positive light.

Its the users who sometimes experience situations that are quite uncomfortable or downright painful. Going by that, one can assume that they are the ones who are interested in telling the truth.

Feedback is super important.
2608  Economy / Trading Discussion / Re: Are trading platforms useful? on: June 16, 2022, 01:17:44 PM
Recently, my friend asked me to advise him on platforms that would help newbies to the crypto to start trading and not go at a loss. I haven't worked with such tools and this question baffled me. I started googling and came across several similar projects that help beginners in trading. Among them, the most attractive was the platform from Newscripto. After registration, I was provided with a set of tools that would suit users of any level, regardless of their knowledge. Surprised by the automatic charting tools that help beginners understand the basics of technical analysis, to advanced proprietary indicators for experienced traders. I think it will be much easier for my friend to get involved with this platform, and, to be honest, I think it will be useful for me to use its functions sometimes. Have you used the platform from Newscripto and what do you think about the platform assistants in crypto trading?

Are trading platforms useful? That really depends. Currently, they are very useful. But once decentralization and decentralized technology become better, we will see less and less of centralized trading platforms. Centralization goes against everything blockchain stands for. Its going a step back when everyone else is going a step forward.

But we still need a way to convert our fiat into crypto and a way to trade that crypto. The part where an exchange holds your funds is unnecessary, outdated and ends badly. Always.

The question is how do you make Defi changes for Bitcoin?
2609  Economy / Gambling discussion / Re: Japanese man gambled away a huge Covid-19 relief funds mistakenly sent to him on: June 16, 2022, 12:55:30 PM
Are they definitely sure that he gambled it away? Maybe he was just secretly pocketing the money while saying he was gambling it?
Agree.

If that's the case, telling the authorities that "I gambled it away" at an overseas online casino is a clever way of expressing, "I hid the money in my pocket so that the authorities will have a hard time dealing with the casino in giving my account details since they don't give a shit."

Since the article states that it is an overseas casino, it is clear that it is not legally permitted to operate in Japan, making cooperation with them a waste of time.

Especially with crypto. Personally, I would use Monero to hide my unjustly earned money, if I were him. Although he could have just as well bought Bitcoin, put it on some random wallets and claimed he gambled it away. How is his guilt going to be held up in court unless he proves that he is the owner of said wallets? Or bought altcoins and swap between different tokens whenever he wanted?

And as you said, the legal framework is not going to hold up in any country with contradictory laws.

This story is unrealistic and fishy to me.

 
2610  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 16, 2022, 12:38:10 PM
Too many newbies on the forum asking for price predictions using TA.

You look at 100k and decide if 21k is enough of a discounted price for you. Thats all the TA you ever need. You really do not need a chart to know that the point of every dip/dump is to buy cheap coin. I would say buy now and sell at never. How many more times are people going to flip flop trade before they realize, that in the end they would have had more coins if they just HODL'd.

But they keep on with their TA while hoarding "stablecoins" that they bought with fiat. What are they, a glutton for punishment?  Roll Eyes
2611  Economy / Gambling discussion / Re: Your Mantra After, while playing And Before You Gamble on: June 16, 2022, 12:26:57 PM
I and many of my friends have our own mantra before and after we gamble, I just discovered this when we have a drinking session we find out that many of us have our own mantra before, while playing and after or even in the middle of playing.

Mine was "This is my lucky day and I'm claiming it" and when in the middle of the game "I need to play money that I can afford to lose".

How about you do you have one and when do you recite it before, while playing or after you gamble.

Actually "I need to play money that I can afford to lose" is quite close to my own personal mantra of "do not get emotional if you lose". Because that's really what makes you lose absolutely ALL your money, isn't it? Getting too emotional and trying to win it back by throwing all your money into the empty void of unreasonable losses.

Not that I am judging anyone who has done that before, because I sure know that I have.

And to be honest I might do it again. I am and we are only human, after all. So it can happen to anyone despite whichever mantra you might have for your gambling habits. Just try to keep a cool head is all we can do, really.
2612  Bitcoin / Bitcoin Discussion / Re: Bitcoin making computers more EFFICIENT & powerful making the world save ENERGY? on: June 16, 2022, 02:56:11 AM
Hey,

How good is the argument that bitcoin is actually making the world save energy since it is pushing the limits of computer technology making computers more efficient and powerful and so having an overall positive impact in saving the world?
Is that a convincing argument to those that say that bitcoin is a huge waste of energy?

- remotemass

Its not that wrong to say that mining Bitcoin is a huge environmental disaster. This has nothing to do with Bitcoin but rather the electricity which is generated with really dirty and outdated fuels. If we were all using a renewable energy source, Bitcoin mining would be very expensive which would mean the price of Bitcoin would be a lot higher than it is now... But people are too greedy and stupid. They think short term and do no comprehend the advantages of green technology. As long as there is profit, nobody cares about the air they breathe or the microplastics in their gut.
2613  Bitcoin / Bitcoin Discussion / Re: "It's Better to Sell Bitcoin Now and Rebuy Lower" Twitted by Peter Schiff on: June 15, 2022, 04:32:10 PM
Peter Schiff is an anticoiner who does not respect nor understand Bitcoin. I would not take any kind of advice from him as he has been generally wrong throughout the lifetime of Bitcoin.

What Peter Schiff is, is a a stockbroker and a loudmouth. Why his name is in any way associated with crypto investments is very strange to me. If you ignored his advice back when Bitcoin was mere dollars the coin, you would be rich today.
2614  Economy / Gambling discussion / Re: Does bitcoin dump have any impact on gamblers ? on: June 15, 2022, 04:25:19 PM
Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?
Their motive is to play gamble but you still didn't mentioned if this was for fun or for profit. If it's for fun then yes they won't care whatever the price will be but if they are playing for profit then yes price matters because what if they already won huge but suddenly the price plummets more?

Those winning are also going to decrease dramatically but if the price rise, they will also be thankful with it because their winnings can get doubled or even more of it. For those who play for profit, they know that bitcoin is too volatile now and the chance to decline more is still there so they will try to avoid btc but will use stable coins or other altcoins.

Any gambler who gambles with Bitcoin is always a trader of some sort, as well. Even if he does not trade his Bitcoin and only sees 1 BTC = 1 BTC.

If he needs that money then he will not see 1 Bitcoin as 1 Bitcoin but rather become anxious when the dollar (or any fiat) price of Bitcoin goes down. I would love to say that cases like this are rare and that most gamblers only play with what they can afford to lose but the reality is usually not like that, from my experience.

So the dumping of the dollar price is going to definitely affect the gamblers, at least psychologically.

But thats just my view on it.
2615  Bitcoin / Bitcoin Discussion / Re: Cryptos are uncovering our evil sides on: June 15, 2022, 01:51:57 AM
Crypto are making people greedy :
  • Miners don't care if they are consuming energy(electricity=water, E-waste = diseases/toxic..) in a bad way that can affect directly people, especially those in poor areas...
  • Investors don't care if you are investing the wealth that you worked for years to gather, And none will talk if it is a just a market where making right decision based on analytics and studies  related to such or such crypto will definitely get you the reward that you deserve, Instead Pump-and-dump is what take place to solve the puzzle. 
  • Scamers and those are the worst, they use your own value of trust against you. Thing that make you question everything.

And in the other hand compared with the profits, donations can be considered null.

Its not crypto. Its money. Money uncovers our evil sides.

Crypto is just the better version of money, a money of the third generation, if you like.

Miners need electricity and the electricity is generated using mainly fossil fuels. About time to invest into green tech? I would say so. But there is no solution to the problem of humans being humans. But that does not mean there will never be a solution.
2616  Economy / Gambling discussion / Re: Why is it so hard to win at gambling? on: June 15, 2022, 01:40:22 AM
As others have stated, it's hard to win at gambling because the odds are against you.  It's pretty simple.  You're hoping that you get lucky most of the time.  Unless you're gambling on sports, then you're not so much betting against the odds, so much as the amount you win is reduced so that the casino will come out ahead (yes, I understand that's literally called the odds). 

Like I always say, gamble for the entertainment and you'll win every time.

Exactly my sentiment! Thats exactly how a gambler should act and always put up his/her own boundaries and rules. Otherwise you are just throwing money at negative emotion and calling it a gambling addiction.

Unfortunately not a lot of people know how to hold themselves under control and just let loose.

But yeah, the casinos are always statistically much more likely to win. Otherwise casinos would not be as popular and profitable as they are. Especially online crypto gambling casinos that offer more freedom than traditional gambling.
2617  Economy / Gambling discussion / Re: Japanese man gambled away a huge Covid-19 relief funds mistakenly sent to him on: June 15, 2022, 01:11:22 AM
just as the title states, a man in Japan mistakenly sent 46.3m yen to his bank account which was supposed to be shared among 436 people in their town. the article says that the man gambled away the money by withdrawing 600k yen daily for two weeks and gambles it in online casinos and when the authority finally contacted him the money has already been gambled and gone. initially the man refuse to pay back the money that was mistakenly sent to him but after some time he decided to pay it back bit by bit. the town is also suing him for this incident.

you can read the full story here
https://www.bbc.com/news/world-asia-61490436

now, I have a question, do you think the man is entirely at fault or someone should also be responsible?

Are they definitely sure that he gambled it away? Maybe he was just secretly pocketing the money while saying he was gambling it? The man definitely should not have kept quiet about mysterious money from unknown sources but legally, its the fault of the person who sent him that in the first place. How do you screw up sending the right people the money? We are not talking about a few hundreds dollars worth of yen.

Maybe it was "planned incompetence" and now criminals shared the money?
2618  Economy / Trading Discussion / Re: How long do you think the market will take to recover? on: June 15, 2022, 12:39:20 AM
Recover? Recover from what, a dip?  Roll Eyes

Bitcoin has lost absolutely no value. Its the altcoins which are superficially dragging down the price of Bitcoin but thats short term. How short term? Thats hard to say when youre unsure of how far Bitcoin adoption will be in the near future.

The last time Bitcoin had a scare, it still rebounded and even got to 60k. I think the next rebound will be over 100k definitely. Maybe even 200k+ if we are lucky. I am looking at the monthly development so if I had to take a guess, maybe half a year?
2619  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2022, 12:11:11 AM
I just got rekt in the wick below 200 WMA.  Compounding the injury, my desperate 0.01 BTC sell order executed just as the liquidator bot closed in to sell more.  I was left with just over 0.03 BTC in total.  I had some margin available again, so I have been trying to grab back some sats... why not, at this point.  hey, I got myself over 0.04 BTC.

Just in case any newbies are still wondering whether BTC margin is a good idea..... or in case anyone else needs to feel extra-smug about the coins y’all have in your wallets...  I think that my personal train wreck here is done, because it barely even matters anymore if I keep getting ground down into dust.  insert curse words here.  I have rainy-day funds that i refused to let be eaten by the margin account after I had thrown in so much else, so I won’t starve...  I have some things I can use to rebuild...  but I am very close to official nocoiner status.

* death_wish crosses his fingers and prays to Divine Bitcoin that the 200 WMA line has the most solid wall of bid support in the history of all markets.

Dear newbies:  This is what margin does to you.

What's the exact 200 WMA price?

Where we are now... What we are now breaking...  $22.3k last I checked.

You would not believe how much money many of us here have lost at the beginning of our Bitcoin journeys... Grin Don't see it as a loss but rather as a fee for learning important lessons which will help you become a better coiner!

2620  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 14, 2022, 12:02:49 AM
Anybody mindrusted yet?



I am anti-mindrusting. I am sweating bullets, trying to not prematurely buy the dip. Cmon 20k!
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