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1021  Alternate cryptocurrencies / Altcoin Discussion / Re: If I have $40,000 to invest in one #cryptocurrency. on: April 13, 2023, 05:19:56 PM
Isn't the answer obvious? It should be either BTC or ETH... Every other coin is inferior to these projects. If you are a risk taker your may try DOGE too because it is now backed by Elon but since you said "invest in one crypto", I wouldn't go with doge. Had you said "invest in 3-4 crypto", then I would have said go with ETH, BTC & DOGE.

BTC is the safest bet out there and ETH has a very wide eco-system. You are not going to find a better crypto than these in the markets.
1022  Economy / Gambling discussion / Re: Is Online casino always take risks? on: April 13, 2023, 06:13:41 AM
I am just curious about how does online casino pay for their promotion on their influencers? Where does their earning comes from? How will you get scammed when you try online casino? How can you tell that online casino is safe?
when you place a bet on a casino's platform and it turns out on the losing side, where does the funds goes??
I thought as much...

If the where no profit in the casino business, they'll be little or no casino out there.

Well, when you lose a gambling game all the money goes to the gambling site and in case you win the gambling houses give you the winning amount. The point to note is that gambling games are not peer to peer games, hence any money lost is a direct profit for the gambling site.
So in order for anyone to run a casino, they need initial funds to pay out the winners but as the casino grows more and more people will lose money and then there won't be a problem for the gambling casino to pay to the winners as they would be collecting huge amounts from people who lose in gambling.

Freebitco.in is a peer2peer casino and it is the only crypto casino that has this feature. When you make a bet on freebitco.in, you are actually betting against the other players on the website. It is called "Parimutuel betting".

https://en.wikipedia.org/wiki/Parimutuel_betting

Quote
Parimutuel betting or pool betting is a betting system in which all bets of a particular type are placed together in a pool; taxes and the "house-take" or "vigorish" are deducted, and payoff odds are calculated by sharing the pool among all winning bets. In some countries it is known as the tote after the totalisator, which calculates and displays bets already made. In short, the word parimutuel implies tiered winnings/earnings.

So when you win a game on freebitco.in, you are  taking the other players' money. The casino never loses any money because they take their cut either way. If you lose or win, it doesn't matter to the casino at all.

I think more casinos should follow this same business model.
1023  Bitcoin / Bitcoin Discussion / Re: Warren Buffett Blasts Bitcoin as 'Gambling Token' as BTC Surges 35% in 30 Days on: April 13, 2023, 04:38:06 AM
There are stocks go down or up that much in one day. Why isn't there a problem when a stock does that? Many people treat the stock markets like a casino too. To them, Warren is just a good gambler. The moral of the story here is, people shouldn't listen to this old boomer that much. He had his time, he made his fortune and now his days are over. He is what? 90+ years old? His expiration date is overdue.
1024  Bitcoin / Bitcoin Discussion / Re: we don't have proper education on bitcoin. on: April 12, 2023, 08:25:55 AM
Please correct me if I am wrong
Even in today's modern world, except for a few people in Europe-America, the general public of the entire world does not have a proper understanding of Bitcoin. Sad Sad Except European-American, anyone who have a little idea about Bitcoin also have misconceptions. Due to this problem, many people are unable to invest in a great platform like Bitcoin even if they want to. This problem may not seem like a big deal to many, but think about third world countries. A sad reality is, in my country 80-90% of the population are not familiar with Bitcoin.
Is there any way to solve this problem?

If you can educate people on bitcoin, you can educate people on anything. It is the most difficult problem we are facing for multiple decades. There are many people in many countries that can't do basic math... How can you expect these people to understand bitcoin? Educating people is a very hard task. I think what you are asking is pretty damn impossible. Most people who deal with bitcoin are only after easy money. They don't even want to be educated. You can't educate a person that don't want to be educated. All they understand is moon lambo dope weed hookers and coke. You are not even talking the same language with those people.
1025  Bitcoin / Bitcoin Discussion / Re: How much effort should one put into Bitcoin investments on: April 12, 2023, 08:22:09 AM
None. A bitcoin investor should just DCA weekly or monthly and leave the rest to the markets. Every crypto investor that did that since the early 2010's made huge money. You will too. It takes zero effort to accomplish this trading strategy. Buy & hold. Do nothing else.

Some of those people who made daily trades made money and some other people did not, however, everybody hodl their bitcoin made money. It is a no brainer strategy to get rich and the best part is, you don't have to do anything other than hodling.
1026  Bitcoin / Bitcoin Discussion / Re: How some people see Bitcoin on the other side on: April 09, 2023, 10:27:33 AM

So because of these issues hope I won't into trouble for telling my naibours about Bitcoin investments.

Imo the smartest play here is keeping your mouth shut about anything that's about money. Nobody needs to know how much money you got. Notice that, I said "money", I didn't even mention bitcoin. You don't need to give investment advice to your close friends because like you said if anything goes bad, they will blame you. Why take the risk? Since they don't have the same experience you have, everything they do can go wrong. They may lose their private keys, they may install trojans, make bad trades, in the end they will blame you for everything happened.
1027  Bitcoin / Bitcoin Discussion / Re: Bitcoin in times of danger. on: April 09, 2023, 10:20:15 AM
. But today I was forced to sell that bitcoin for family needs. Tried a lot but could not manage the required money. Maybe nearing a bull market I sold my bitcoins.

Don't feel bad about it. Your family is more important than your coins. You can make money anytime. Maybe you will even make more money than you previously had but god forbid if anything bad happens to your family members, like death, there is no going back from there. You did the right thing. If you somehow miss this bullmarket, you can always wait for the next one. You may miss a bull market but bitcoin is here to stay and that is the most important thing to remember.
1028  Economy / Gambling discussion / Re: Martingale strategy in casinos on: April 09, 2023, 07:59:00 AM
Martingale strategy in casinos. How do you feel about it?  Huh Huh Huh My little experience sometimes comes with a good result) but more often the result is negative https://i121.fastpic.org/big/2023/0408/0e/4a52e2b3b6f6e455af7e3163dd0b060e.png[/ima

It has been discussed a thousand times before. Martingale sucks. End of he story. The only thing martingale is good at, making you poor. As long as there is a house edge involved, and 99 times out of 98 there is, martingale only ensures that you are going to lose in the long run. If you want to win against the casino, you need to play once, wager all your bankroll and hope for the best. If you are lucky, then you are lucky. Good for you. If not, nobody cares. When you do martingale, your winning chances go out if the window.
1029  Economy / Trading Discussion / Re: What happens If Binance Exchange Flee Away like FTX on: April 09, 2023, 05:29:01 AM
It would be a catastrophic event. Binance is right now the biggest crypto exchange in the business and if it goes down, lots of other businesses will go down with them. So many people and other companies depend on Binance's services. In other words, Binance is too big to fail. FTX wasn't anything like Binance. They were buying out influencers and picturing themselves like a big casino as binance. FTX went down, some people lost money, bitcoin went down a little bit and nothing much else happened. Binance collapse won't be anything like that. Binance is the real deal.
1030  Bitcoin / Bitcoin Discussion / Re: No late comer in bitcoin Investment. on: April 08, 2023, 07:09:57 AM
That's a beautiful chart. It is clearly visible that in the long term there is only one direction for bitcoin to go and it is not down. So, no matter at what point you buy coins, it is almost guaranteed that you will make money in the future if you hodl long enough. People were saying "bitcoin is too expensive oh no" when the price hit $20k for the first time in 2017 and then it went above $60k few years later. The next time bitcoin goes full bull, $60k will look like a tiny bump in the charts. How high will it go? I cannot know but I can guess that it will be somewhere above $100k. So even if you bought all of your coins at $60k, you will nearly double you USD when bitcoin goes above $100k. Where else can you get that much profits? Bitcoin has been and still is the king of all investments.
1031  Economy / Gambling / Re: A way to attract new users or a misunderstanding? on: April 08, 2023, 07:02:22 AM
I don't think the gambling site that claimed to be a web 3.0 gambling website misunderstands the concept of Web 3.0. I believe they only apply web 3.0 just to gain more traffic while they only focus on the cryptocurrency and individual non-custodial wallet use on their platform while they ignore the control of personal data and decentralization.
Any company tries to show a little more about their company in their marketing to get traffic. Use the trending news to attract gamblers to what is currently trending in the market. Nowadays, many casinos claim that their websites are Web 3:0, but in reality they are not completely sure of their claims. So it falls into misrepresentation to register gamblers in any casino by marketing with false claims.

So Web3.0 is just another buzzword for the companies to promote their businesses. Few years ago it was "the blockchain" and now it is something else. Back then, the Nasdaq companies were adding blockchain to their business and they were getting pumped immediately. Let's say it was a transportation company and they said "We are now transporting your stuff on a blockchain!!!" boom its stock went up by 20% 30%. Before that ICO was the hot stuff. NFT's went hot for a while too but they died recently so WEB3.0 is  where we are at now. "You should invest in this shit mate it has Web3.0 in it. lambo moon soon"
1032  Economy / Gambling / Re: Limited in every bookmaker on: April 08, 2023, 06:42:39 AM
I don't think using casinos "secret ToC" is the right word. They don't want my business, i understand. But being profitable doesn't mean you are breaking the casinos rules.

Finally we came to an agreement. They indeed don't want your business because your business is making their business smaller.  Cool Got it now? You are a liability to them. You are taking money from their pockets and put into your pockets. Why would they want to do any business with you? If you were a casino owner, would you want to do any business with a player like yourself?
1033  Economy / Gambling / Re: Limited in every bookmaker on: April 08, 2023, 06:17:54 AM
Unfortunately, I dont have idea where to make a betting account,
I was limited at almost every crypto or online bookmaker.

If you have losing account on bk88, betnomi, roobet or even some normal online bookmaker, reply me here or in inbox.

I have an offer you can't refuse

If every bookmaker is limiting you then it means you are doing something they don't want you to do. What were you doing? Arbitrage? Ev-betting? Surebet? It must be one of these offenses. That also means anybody accepts your offer will also do one of these offenses and risk his account getting limited/banned.

So, in order this to be an offer somebody can't refuse, you should be paying him an extra for the risk he is gonna take but you are not gonna do that of course.

not speaking for OP, but I am limited at a lot of sportsbooks also because I am a profitable bettor. I dont arbitrage or do anything to break ToC.

From past experience, he wants a losing account because the losing account is more likely to not get limited quickly as the sportsbook usually have losing accounts already marked with a green flag basically.

Well, that's also against the casino's secret ToC. You are making money. You and the casino can't make money at the same time. They may allow you to make money for a short period of time but in the long term... That's a no no. It is because when you start making profits in the long term that means you found a way to turn gambling into a job but that can't be your job. Your job is to lose money. It is the casino's job to make money because if the casino can't make money from its players, it can't exist. Finance 101
1034  Economy / Gambling / Re: Limited in every bookmaker on: April 08, 2023, 06:00:54 AM
Unfortunately, I dont have idea where to make a betting account,
I was limited at almost every crypto or online bookmaker.

If you have losing account on bk88, betnomi, roobet or even some normal online bookmaker, reply me here or in inbox.

I have an offer you can't refuse

If every bookmaker is limiting you then it means you are doing something they don't want you to do. What were you doing? Arbitrage? Ev-betting? Surebet? It must be one of these offenses. That also means anybody accepts your offer will also do one of these offenses and risk his account getting limited/banned.

So, in order this to be an offer somebody can't refuse, you should be paying him an extra for the risk he is gonna take but you are not gonna do that of course.
1035  Economy / Trading Discussion / Re: Question about Freezing of account on: April 08, 2023, 05:52:29 AM
Which exchange is that? Is it a KYC-enabled exchange or not? Is it a local exchange or international? You don't give us enough information and even if you did, we can't really help you. Let's say you said binance (or bestchange:)) did this bla bla, what can we do? If they have an official BTT account here, we can create a flag on them and wait for an answer and even after we do that, she may never get her money back.
1036  Economy / Trading Discussion / Re: is it necessary to mix Bitcoin that you bought from an exchange? on: April 08, 2023, 05:48:13 AM
In the quest to remain anonymous and maintain privacy without a trace remain our utmost aim in the cryptocurrency industry, what do you think about coins that you bought from the exchange in this discussion our focus will be on a decentralized exchange.

Do you think it is a necessity to use a Bitcoin mixer to mix your bought Bitcoin before finally depositing them in your own wallet?

What is the risk associated with Bitcoin trading most especially when the source of the Bitcoin is unknown since you using it as an exchange?


Depends on the exchange. If it is a known scam exchange, then you might want to do that however... what are you gonna do for your mixed coins? I mean the coins coming from a mixer are also problematic because you don't know if you are getting somebody else's dirty coins.

In my opinion, unless you are one of those people who are into shady shit, you don't need to use mixers at all.

The fact is, if you are using mixers just for the privacy reasons and that's how mixers promote their business btw, providing privacy, you are just getting fooled because they are using your "clean" coins so they can white wash the other "dirty" coins.

So, a person like you, who is just picky about his privacy, feeding the mixer with his clean coins is only scamming himself. You can't even be sure if these mixers aren't logging your info even though they say they don't. They very well may be honeypots for the secret service. I would stay away from any crypto mixer.
1037  Other / Meta / Re: seems like a bug on: April 07, 2023, 12:37:41 PM
You know what they say:

If it seems like a bug, flies like a bug, buzzes like a bug… then it is a bug.

I think you are onto something. (Is it a bug under your foot?)
1038  Economy / Gambling discussion / Re: Is Online casino always take risks? on: April 07, 2023, 09:41:03 AM
well that's it, clear goals.
so casinos spend more money to advertise their casinos and publicize promotions, it's because of the clear aim of getting bigger profits.
by means of this influencer, they can ensure that the promotion that is spread will really work well, I mean if it is brought by a well-known and reputable influencer, of course the casino will also get the same trust as all that.
even big casinos usually pay influencers huge sums to get something the casinos have planned.

Yup, by means of good marketing the chance of bringing more gamblers to use the services of the house, they allocated decent amount of budget to make sure that they will get the outcome that they intended to have, more on how to work with what the gambler needs and likes to make sure that they will gain the attentions and a possibility to bring them in and play their favorite games.

Always a gamble in terms of bringing different types of people and also to compete with different types of business competitions. They are aware that in anyhow, there's always a risk when putting up a business like this.

Exactly like what I said before, when a casino is promoted by a well-known influencer, the casino will gain the trust of the users. After all, this is a business, so to build a business, patterns like this are needed. Casinos will also think long and hard about committing fraud, because they have many names at stake, such as influencers who promote them. Just imagine if a casino promoted by their famous influencer commits fraud, what will happen to that influencer? very detrimental right? this is a symbiotic relationship of mutualism between casinos and influencers, they don't want to harm each other.

This happens with the crypto exchanges too. Many influencers promoted FTX before its collapse and now they take no responsibility. FTX looked like a legit business back in the day and they were buying out influencers, politicians, etc and in the end they scammed their customers. I can't really remember any examples but something similar probably also happened in this forum. Should the signature wearers be held responsible if the company they promote goes bad suddenly? I don't think so.
1039  Economy / Gambling discussion / Re: Why do new online casinos struggle? on: April 07, 2023, 06:53:53 AM
I would imagine it’s because there are a lot of costs involved with running a casino. It takes a long time to build up a reputation to wear. customers feel safe depositing large amounts of money on your casino. People also don’t really like change and established casinos do a lot to reward their customers. It would take a much better experience to get people to consider a switch.

Very good and accurate observations Mr. OG, just what I expected from an OG forum member. Consistency and continuity is probably the most important thing a business needs to achieve. It takes years to get there and even a small mistake you made may ruin everything you did before. Stake and freebitco.in are very good examples. They are consistent, they have a long history and a very good reputation. Imagine the know-how these people have in their disposal. They deal with the hackers, they deal with the cheaters, they deal with the legal entities... Why would anybody leave these good casinos for something else? There must be a very very good reason.
1040  Bitcoin / Bitcoin Discussion / Re: Bitcoin Expected to Trade Similar to Gold or Treasury Bonds in the Future, Predi on: April 07, 2023, 04:35:07 AM
But gold and treasury bonds are boring as fuck. If bitcoin trades like these assets then it is volatility will go down and that means bitcoin may stay flat for years. See the gold price chart it is disgusting. It is barely above 2000 bucks and it was already at $1800 in 2013. 10 damn years lost on this if you bought this in 2013. I don’t want bitcoin to be like gold tbh. I don’t want bitcoin to be a boring boomer asset.
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