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1461  Economy / Gambling discussion / Re: Is this safe to say this about casino platforms on: January 26, 2023, 10:50:41 PM
Is it safe to say that casino platforms is running their business with users find only? I read somewhere that they pay winners with losers money, I couldn't ask him or her if a casino can start business with zero fund at hand, I know that most of them wired their system to favour them more ( lose more and win less ) , if not they will run out of business fast I belief, what do you think about this? Was I wrong about this? Come to think of this, there is no prove that they have some money to pay winners.
There's no casino who don't have any bankroll. Those casino who has literally zero funding is a scam casino no matter how good their design or promotion is, The reality is they can't pay their winning players with other or losers money. It is a long time since I last see a casino who showed their Proof of solvency so yeah it is much pretty hard to identify casino who don't have the proper amount of funds on our current time since most casino don't show their proof of funds/reserves voluntarily. A normal casino has the slight advantage to the players, Please refer about house edge and how it works because it is the way that the casino earn their money.
1462  Economy / Trading Discussion / Re: Two Types Of Traders - My Personal Classification on: January 26, 2023, 10:20:16 PM
One thing about the so-called awaken traders is that, while they are doing their analysis, strategizing and calculating the market on what action to take by then the best positions of the in the market must have gone by and they end up entering late all because they wanted to be sure before entering the market whereas the blind trader has already jumped in blindly at the best spot pulling out better profit than the awakened.
Be you a blind trader or an awakened one as OP categorized them, I believe there are times their patterns favours them it just depends how often they get lucky about it all.
A blind trader could really be ending up always to be awakened one on the time that they would really be making out some or getting the knowledge and experience that they would gain along the way and this what makes them a better trader.Its inevitable but it does depend on how you do gonna take up some things on which you would really be cope up with because there are ones who are really that stuck into learning
because they arent making themselves that able to learn and mindful about their errors and mistakes and this is why they do really get stucked and doesnt improve over time.
This is why it does vary on someone.
Oh yes, The more we trade is the more experience we earn ourselves and this experience can be converted to knowledge that we can use on our next trades. As long as you have the desire to achieve your goal and the desperation to learn by experience, You will basically learn trading along the way but yeah there's risk to it like losing a bunch of amount of capital before you achieve your first successful aware trade. Most of our first trade are fails because of lack of experience but there's a chance that we have knowledge on how to trade given that we studied before we trade, This means knowledge isn't the only one that can make your trade successful, There are many factors such as experience.
1463  Alternate cryptocurrencies / Altcoin Discussion / Re: What makes you into crypto at the moment? on: January 26, 2023, 10:01:12 PM
The market is cheaper, this makes me stay for a longer time and because of the opportunities to make money here, I can’t imagine to leave the market from any moment right now. If you’ll see the real value of cryptocurrency and you’re confident about its future, you will not think that way and you’ll be more eager to accumulate. The market is about to rise, don’t follow the crowd if its late already better to start now.
There might be a chance that this time might be the last time we can see the lowest crypto prices. One lesson I learned last bull market is not to quit during a bear market because it is the best time to study and acquire potential project in the future. I've learned it the hard way and I don't want to repeat it again in the next bull market this is why I'm still active despite the low profit I earned everyday compared to before. Joining the hype can be a subjective opinion, I know some people who purely joined the hype last bull market and they earned pretty good profit because they know how to take advantage of it unlike me who didn't utilized the hype last bull market that much. Hype is a double edge sword, It depends how you use it.
1464  Local / Altcoins (Pilipinas) / Re: Web3 Resort in Siargao? Ang Siargao Villa NFTs ay nagkakahalang ng P151,500? on: January 25, 2023, 11:57:44 PM
Parang nakakita na ako ng ganitong klaseng concept way back nung NFT is super hype pa and Filipino project din ito. As far as I remember na nasa Caramoan or Siruma Bicol yung nabiling lupa at plano na ganito yung gagawin sa project na yun. Pinag kaiba lang siguro is alternative token yung inooffer nila hindi NFT, Nakita ko sa facebook timeline ko siya nuon kasi andaming nag shishill at may structural design na din sila para sa project. Di ko na mahanap yung project na yun and yung shiller na nakita ko is deactivated na yung account, Baka di natuloy yung project. I believe na parang ganito lang din yung gagawin ng project naito and I don't think na alluring bumili or mag invest sa NFT na kagaya neto especially na ang utility nito ay bound lang sa Siargao and medyo mahihirapan sila sa sales internationally.
1465  Economy / Trading Discussion / Re: Your successes over the past 5 years on: January 25, 2023, 10:54:39 PM
One thing I learned the most in the past 5 years is having a great patience. Crypto is a long term game and I understand it by failing so many times because of how short my patience back then. I've lost couple of opportunity because of my unwillingness to have and short temper. But yeah I've learned on how to do trading properly and absolutely increase my patience that I've bring in real life. With the improvement of my control over my assets, It is the same time I earn somehow good enough in my trades. The portfolio I have today is significantly greater than my portfolio I have 5 years ago. To be honest, The past 5 years is too fast! I didn't realize that 2017 is 5 years ago LOL!
1466  Economy / Gambling / Re: Rollbit.com | Crypto's Most Rewarding Casino 👑 on: January 25, 2023, 10:26:10 PM
I think Rollbit is the most unique casino where there are a lot features where the other competitors doesn't have it.

It's started from the crypto future trading, NFT marketplace, clans, bonus battles, RLB lottery, jackpot, and offering partnership program for the streamer. When metaverse is hyping, I believe Rollbit will launch their own metaverse.

If Rollbit has any plans of going into the metaverse thing, they should start already and stop or don't wait for hype, because I personally don't think metaverse hype will ever be more than it is currently or more than it was in the past year and few months..

I believe that the NFTs created by Rollbit could be used in the metaverse, aside this, I would have been curious to know what the use case of the Rollbit NFTs  is, since I presently think that the NFT market is currently saturated with alot of useless NFTs with absolutely no value.
Let's hope it's different on Rollbit.
Metaverse casino could be a norm in the future and if gamblers feels that the metaverse casino is rush, They will just avoid it just like other projects they feel rushed in developing given that it will most likely have a bad quality and wouldn't be par with metaverse casino that had been develop for a long time. I don't see any value on casino NFT given that it is not usable on a real gambling experience and has no better utility other than unwanted perks such as exclusive promotions which likely not to be utilized by gamblers especially if it has some conditions. Metaverse can possibly change the experience we have on casino now and I hope it will be a good way.
1467  Economy / Trading Discussion / Re: How bitcoin supply can be more than 21 million on: January 25, 2023, 10:06:55 PM
You are just trading numbers on futures, Well the exchange possibly has the amount of bitcoin that they lend to you but they can't let you withdraw it and lock it to you in their own exchange since you don't own it and yeah it's just numbers that exchange lend it to you with the real bitcoin you have as a collateral. It is all just happening inside the exchange, You can't withdraw it or transfer it to others. As long as it doesn't appear on the blockchain, It is not yours. So yeah it is basically impossible for bitcoin to have more than 21 million supply.
1468  Economy / Gambling discussion / Re: Too accessible of online casino grows addiction faster? on: January 25, 2023, 09:43:51 PM
I have a discussion with a close relative about online gambling and he said something that about how he hate gambling online because it's too addictive, he claimed real life casinos are better and less addictive because he will have to drive down to Las Vegas to gamble or drive down to a local casino and this still takes some physical effort and it discourages many people from frequenting gambling.

He said with online gambling it's available on through mobile phones and you can play at any time, this means no shortage of gambling around the clock and no shortage of losing money as well, you can easily pull out your phone and gamble with any free time, a bit compulsive and too accessible.

What do you think about this claim? Is he right or wrong? 

Well it's basically true, This is why the growth of online casino is faster rather than physicals casino because people are starting to prefer online casino since it's a hassle free way of doing gambling and it is way too accessible for anyone who has an internet connection and don't have any restrictions on their country. Though there are still people who prefer doing gambling on real casino since it is for them way too entertaining to physically gamble and I agree that the experience to it is way too different. Both of it just have their own cons and pros, It is on how you prefer it.
1469  Economy / Gambling / Re: What do you appreciate more Desktop or Phone on: January 23, 2023, 11:25:18 PM
I don't appreciate phone gambling because I'm a desktop user. I'm not really fond of doing gambling on a phone even If I'm traveling, I would preferably wait to get into my destination and do gambling on my laptop at least than do it on my phone. I just don't enjoy it that much playing on a phone given that it is small and the desktop layout of the website is far different from the layout in phone which makes me feel like new in my favorite casino website. It also feels somewhat laggy even I'm using an 3 year old flagship phone which is a big hindrance in playing crash game which accuracy is important. The experienced is greatly reduce on phone gambling in my own opinion that's why I don't use phone to gamble.
1470  Alternate cryptocurrencies / Altcoin Discussion / Re: How to profit from altcoins collapses? on: January 23, 2023, 10:39:57 PM
Is it possible to profit from collapses of altcoins? Do you have any ideas how to?
You have two options in 99% cases. The best method is to open short position on crypto exchanges if the crypto pair is offered on market. Second option is to buy dip points before alt season so you can harvest profits when price goes ATH. Depending on the capital and trading experience, you may make nice ROI with right trading decisions. Choosing the coin that may go down in next bear attack on the market should be hard task, instead, you can pick few altcoins and follow updates to make clear decisions later.
This is the common and right way to make profit in bear market and I personally doing this when I'm ready to make a profit in a falling market. I rarely do shorting since I don't trade much these past few months that's why I don't know where the a dump is potentially heading, It's hard to guess where will the price fall. A TA is a necessary in doing shorting. Buying at lower prices is my always go to when big dumps happens, Most of the time you can get the best prices in dumps as long as you know what is the project or altcoin you are buying and know if it is underpriced and worthy to keep for a long time.
1471  Economy / Gambling discussion / Re: This Smells Like Hypocrisy on: January 23, 2023, 10:00:44 PM
Quote
Gambling in Japan is not black and white. In fact, gambling is considered a criminal offence and is generally banned across the country.

Those that are found gambling can face large fines and even serve jail time.

However, there are exceptions to this rule. Betting on horse racing and the lottery are two forms of gambling that are accepted in Japan.

To me, this seems hypocritical. You claim that gambling is illegal, but you may bet on horse racing, Pachinko, bicycle racing, boat racing, and Mahjong, which baffles me. I do not seem to understand. Why is that so? You claim it is unlawful, yet wagering on games that are overseen by the government is not unlawful. Is this not hypocritical? What does the government fear?

In countries like PH, there is legal and illegal gambling. Legal gambling is those that are regulated by the government, paying taxes and complying with the country's gambling law. On the other hand, illegal gambling is those operating without any permit or license to operate from the government and avoiding tax and related supposed responsibilities of being a legal operation.

Maybe we can compare it to how's gambling in Japan, where there is allowed gambling and prohibited gambling aside from cultural reasons or whatever.

Gambling might be not 100% illegal there in general but its citizens should only gamble to their allowed gambling or else will face fines and penalties.
As long as the government it benefitting from the gambling activities of people, They are mostly allowed to do it. There are requirements such as license, paying annual taxes, regulations and other things that the operator must do. Illegal gambling only happens if the operator or casino didn't complied with the rules that the government set and obviously government doesn't get something from it. I don't think that it is illegal to do gambling in PH given that Philippines is performing it's national lottery almost everyday. I think it is the same in Japan but with more strict regulations and more controlled allowed gambling games.
1472  Alternate cryptocurrencies / Altcoin Discussion / Re: What makes you into crypto at the moment? on: January 23, 2023, 09:42:39 PM
I have seen a lot of people around me joining due to lack of jobs during the epidemic season, some because the price of btc is very good so they want buy altcoin, a few others came from IEO, etc
And you?
IEO - Staking - DeFi Smiley
Thousands of people come to crypto in 2020 because they want to make a profit with DeFi & the staking form of many tokens like ETH & ADA, especially IEOs on Binance with 50% -100% profit has made the whole market warm back after long winter from 2018.
Well they want to gain money of course, Almost everyone is struggling during the pandemic season and people are losing their jobs, Most of us is trying to survive by finding a way to earn money and crypto is one of the way to make money at that time. Let's be honest, Most of them just want to ride the bull market and earn monetary value and just don't care what is the real happening behind the bull market at that time. This is why there are many people who are getting traumatized after experiencing a bear market after the bull market because they only expect the market to go up and up for a short period of time. We can expect another surge of people flocking into crypto when we are nearing or during bull market again given that everyone wants to milk it and make money from it.
1473  Economy / Gambling discussion / Re: It's a good idea to just register on casino on: January 23, 2023, 09:19:31 PM
There is this thing about shopping and airlines that when you check and forget, they send you bonus or discount for your possible shopping/trip. Same holds true for casinos, if you just register and leave they will send you some bonus to get you started playing.
Ohh yeah, This is some kind of a clever trick to utilize the bonuses of the casino. Haven't think of this kind of trick before but I guess it is logically possible since I also receive emails on casinos that I usually don't play. I just keep receiving emails from them about giving me a bonus to play again and welcome back bonus. Using a separate email for this kind of trick is mandatory for it to be sorted (unless you want spams) and lessen the risk of getting stolen or hacked along with other important accounts,.
1474  Economy / Gambling discussion / Re: [POLL] Using AI to predict outcomes on: January 22, 2023, 11:38:02 PM
~snip~
It would be a suicide if you do really end up on having this kind of mindset and belief on mind about getting some loan and going all in just because you do really believe on AI winning rate?
For some testing then it wont really be that bad but it would really be jut good for proving out your curiosity but if you do rely on it then it would be an another story.
Dont make yourself believe that these things does work because if it does then all of us would really be that filthy rich and make our all bets to be profitable.
So it doesnt really work, it is really just people becomes too desperate on trying out new things.

I think there might be a possibility of getting better odds than some companies that are not using AI to calculate their odds.

But in the end it's a small amount of probability to get it right, so I wouldn't put too much money on it.

Maybe for things that are rare, and the AI is saying it will happen, maybe for those it's worth using it.
We don't really know how big the chance is to get a win from using AI for gambling. But if the chances of winning are getting bigger, the news will surely spread to many gamblers so that many gamblers will try it to see the results. And if it works for some people, there will be many more who will try it and most of them will use more money to gamble. I can't imagine what if AI technology is applied to gambling and a question arises: whether casinos can survive the many people who can win from many games.

We're all curious about what AI can do if the data it has is updated every now and then. You wouldn't think for 1 sec not to try asking the AI if your analysis of a sports match is close to its analysis. It gives you a second confirmation that your confidence to bet increases.

Of course, if AI can do it, it's a breakthrough. And if I think of betting just $25 and then the AI says my prediction is close to its prediction, I might just bet $50.

I like yourpoint, a second confirmation to convince you that the analysis that you did are also being back up by the data which AI can detect, a good basis to add more to your potential bets, if there's already a good chance to win then placing much bigger bet probably will be the option for most gamblers who can read the analysis very well.

Though it is still gambling and even there's a good basis according to data the chnace of losing can't be removed, there's no accurate if bad luck takeover with your bet.
You can use AI like this also, You can use AI as a validation or a second opinion to your chosen bet. You will put an additional work from doing it but the chances of you winning also increases given that you have an AI opinion. It's like your bet is backed by a compilation of data, Which AI is most likely doing since it rely on the data you are feeding it. Knowing that you have a great chance of winning also makes your inner self kicks a strong sense of confidence that can be undeniably make you bet more than what you are planning to do.
1475  Alternate cryptocurrencies / Altcoin Discussion / Re: Anybody else confused by the dead-coins pump ? on: January 22, 2023, 04:28:31 PM
Kinda. I'm mostly confused that some people are actually buying those coins. Some influencers even promote them, and I'm like "what the hell?".
Well influencers are gaining money from it that's why they are promoting it and some of those promotions are an obvious scam. People who are buying are either joining the ride or doesn't have any idea on what they are into. Hyping coins are still effective today and there are still many people who don't understand what are they buying to, The only thing they know is the possibility that they can gain profit from it and when they are on the point of getting some profits, some of them are just being greedy that's why most of them are just being at loss. We know that riding this kind of dead coins pump has its own risk and the risk is just too high to consider.
1476  Economy / Gambling discussion / Re: Advice on choosing a crypto casino on: January 22, 2023, 03:55:29 PM
First of all if you are looking for some legit casinos then you will find lot of them on the forum but if you are looking for detailed review then I would advise you to go through BTCGOSU site as they give good reviews so you can choose the casino according to your preference.Like if you are interested in no KYC casino then you will find them and if you are compatible with it then there are that one also with lot of exciting games and slots.So check it and you will find list on forum as well.
BTCGOSU is one of the review websites recommended by many members because it can provide ratings that can be considered for people who want or are still looking for the right casino. There are several other review websites in this forum. On average, they can also provide an honest review of one casino. All of the rating websites always give notifications when they have finished making a review of a new website.
This is one of the most easiest thing to do, Checking on review sites such as BTCGOSU, But the hard thing about it is finding those good review sites knowing that there are so many bias casino review out there that are getting paid just to advertise. Finding a good fair review site is a must, Though there are some review sites here such as BTCGOSU which exist here for few years now and being managed by a real gambler with a good reputation here. Balancing out the results from those review sites can help you choose your desired casino for your desired needs.
1477  Economy / Gambling discussion / Re: Doxxed team can help a new gambling platform? on: January 22, 2023, 03:22:32 PM
Their information might not be available to the public because of security and other hazard reasons but I think they are required to submit their KYC in getting a license to operate a casino. This means they performed KYC but it isn't for public eyes. I see no attractiveness on a doxxed casino team, Even if I were to able to choose to the casino I regularly play over the doxxed casino, I would certainly choose the casino I regularly play because of the certain trust I gave to them. I believe that being doxxed is only effective on investments since a start up project doesn't have that much to show off on in making their potential clients trust them aside from giving them their own identity.
1478  Alternate cryptocurrencies / Altcoin Discussion / Re: McDonald's Metaverse or just a Hype? on: January 22, 2023, 02:59:57 PM
the thing with these companies adopting NFT technologies is that they didn't really bring good implementation with it and most of the time it just ended up as a gimmick and eventually failing.

McDonald's could make a one-off NFT that would allow only you to order McRib via/in the Metaverse and it gets delivered to you IRL, while all others would gotta go take a hike to a brick-and-mortar store.

That would be fun sight, seeing how people would outbid each other for a piece of "gourmand" history. Grin
We can expect it to be utilized by Mc Donald's, They are heading into metaverse just like any other big brands out there but surely they will put utilization to it like new way of ordering online unlike what we have now. The future is near and companies don't want to be late that's why they are building now so they won't be rushing. We can expect other big brands to make their own metaverse or collaborate with other metaverse soon as people see it as the future. Well we can say it's gimmicky but I'm sure it's a big plus to them as they have the technology that people will use or enjoy.
1479  Economy / Gambling / Re: What else should an established crypto casino add? on: January 21, 2023, 07:20:40 PM
I have seen that many suggest various recommendations regarding the different games, some talk about PVP, others about improving the supply of slots, and always expanding the range of games, this seems correct to me, but I think that what I would always suggest would be go beyond the simple standards, first that they have inviolable security, and second that they become more private, or more anonymous, I have not seen casinos that are irreverent, like they have the option of Monero, or at least Zcash, since there are so many threads where they cry out for privacy and anonymity and a resounding No towards KYC.

I totally agree with you, having more options for cryptocurrency deposits would be a great feature for online casinos. Another feature that many players look for is anonymity/non-KYC options. So adding support for Monero or Zcash could definitely attract those users. However, it's important to note that laws and regulations around online gambling can make it difficult for casinos to offer full anonymity. That's why web3 casinos, which operate on decentralized platforms and don't rely on traditional banking systems, might be a good alternative for players who value privacy. I believe in the next few years there will be a stronger web3 casinos which can compete to the tradition online casinos

Another thing that I think would be great for online casinos is to optimize their websites for faster page loading. This is especially important for players in areas with a poor internet connection, where slow loading times can be a real deal breaker. By improving the overall user experience, casinos can attract more players and keep them coming back for more
More deposit option is one of the basic needs of casino since gamblers need options and I'm pretty sure that there are many gamblers who hold many altcoins and they don't want to convert it just to play on the casino, It's such a hassle. About KYC, We can't do anything that much about the KYC since most casino now are implementing their own KYC rules given that they have a license and they use it to detect cheating and multi accounting. Trusted Non-KYC casino are becoming rare nowadays and most of the are just basically new casino so it's hard to count on them. A good design and responsive casino is one of the basic needs of a casino, A slow casino is an easy turn off for gamblers and surely they can't compete with the other reputable existing casino. Those recommendation are just common wants of gamblers and casino should know it.
1480  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: January 21, 2023, 05:42:50 PM
Thank you for clearing the air because some people don't want to agree to the fact long existence of Roobet, the level of their security, and the fact that they doing well in their means of operation and it makes me feel like people never really know how much to appreciate something until that thing is gone.
I can say they change the way we see games and contests on this forum.
Almost everyone are aware of the fact that Roobet has established itself as one of the top crypto gambling sites out there, but you are exaggerating by stating that they are some sort of perfect site with zero issues.

Roobet has its own fair share of issues(Mandatory KYC, withdrawal fees etc) just like any other site out there. Accept the facts and move forward.
What actually happens and cannot be denied is that every casino will always favor their own casino and claim that their casino is the number one out there and loyal users of the casino will also say the same thing because they are too comfortable and believe in that casino.
So please understand that if this happens and if there are still shortcomings and it doesn't match what they say, it's better for us to know enough and don't need to debate it because it will only waste our time in vain.
Of course we have different biases on casinos especially if it gained our trust and we are gaining something from it, we can't deny it. We all have our favorite casinos but ranking it as a number #1 casino doesn't mean it's number #1 on others especially if they heard some problems or experienced a hassle playing on it that's why I agree it's pretty meaningless to debate about it. I always believe that there are no perfect casino since every casino here has their problems to deal with and there are times that gamblers are affected with it. There are times that the gamblers wants doesn't have or negate the casino has.
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