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541  Economy / Gambling discussion / Re: Are you in profit? on: November 20, 2023, 05:51:05 AM
I can without a doubt say ==> NO

We know the old saying that says, if you continue gambling, then the house will eventually win..... well, that is applicable to me. I had won a few Jackpots in the past and it had kept me going for a few years, but over time.. I lost more than what I gained.  Tongue

We know casinos let's you win small amounts ....just to keep you gambling and there are a small amount of people that are winning those big amounts, but they are scarce.

We feel like that hamster in the wheel.... running but getting nowhere.  Roll Eyes Roll Eyes Roll Eyes
542  Economy / Gambling / Re: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team on: November 20, 2023, 05:42:42 AM
These days, you put a Slot in "auto bet" and watch the balance going down very quickly.... what is the fun in that? The games are supposed to entertain you.... not just drain your money in a few minutes, even if you are betting the minimum bet.

Are you referring to the 3rd party slot games or the slot originals? Because the RTP on slot games for 3rd party is just the same to casino offering it.

But I do agree when it comes to their house games. Not only to slot game but also on other game like blackjack including their exclusive table on evolution gaming. Their games is extra hard to win compared when I’m playing to different casino. I’m telling this with my portfolio on positive side even on Stake. I notice this extra difficulty to win because my game is so slow here because I frequently lose and can’t get a long streak while I can easily get it on other casino.

I only relying on increased bet as main factor to win here and not through the streak.

It is actually the same for the 3rd party Slots and the original games..... because I play all of them. I used to play Scarab Spin for hours and also "Mines" and "Crash" .... but lately I only seem to lose all the time. Previously you continuously won small amounts and it kept you going for a few hours, but lately it shamelessly just burn through your bankroll and you sit there watching the money going down the drain.  Roll Eyes

Just look at how "Plinko" has changed..... back then people frequently hit 1000x with a good Seed at about 40 000 bets... but now you are lucky if you hit it at above 200 000 bets.  Roll Eyes Roll Eyes Roll Eyes
543  Economy / Economics / Re: ~85% of money doesn't exist on: November 20, 2023, 05:33:29 AM
This has been my argument with people for a long time... they will say things like "Bitcoin is just numbers on a Blockchain" and I will agree with them, but what is the numbers in your Bank account and those numbers in the Banks centralized database.  Roll Eyes

The major difference between Fiat and Bitcoin is this.... Bitcoin has a fixed number of bitcoins VS Fiat money that are printed like toilet paper by Centralized Banks or Fractional reserve banking practices.
544  Bitcoin / Bitcoin Discussion / Re: How I got started with Bitcoin and how it is blessing for me? on: November 20, 2023, 05:24:54 AM
Yes, I think a lot of people experienced the same thing.... they bought small amounts over a long period and then suddenly the price increased and they could sell for a huge profit.

I bought my first bitcoins when the Bitcoin price were +/- $300 and much to my surprise, the price went up to $1000 and then all the way up to $18000 and then down to $3000 and then again up to $40 000+ where I eventually sold for a massive profit.  Grin

This was a huge boost for my financial status at the time and I managed to improve my living conditions drastically.  Cool
545  Economy / Gambling / Re: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team on: November 19, 2023, 12:45:36 PM
I sometimes wonder if casinos like Stake play their own games and what they think of the influence it has on their players? I have been with Stake.com since it started.... and I can tell you, the RTP is bad now.

In the beginning they had only a few games, but they added third party Slots and a Sport betting side... and it was fun to gamble there, because people won jackpots regularly and you could play for hours with a small amount of money.

These days, you put a Slot in "auto bet" and watch the balance going down very quickly.... what is the fun in that? The games are supposed to entertain you.... not just drain your money in a few minutes, even if you are betting the minimum bet.

I think they should focus more on improving the RTP and reducing the marketing budget, because casinos can acquire only so much new people.... until the market are tapped. ( A good RTP retain the gamblers that are there... ) 
546  Economy / Economics / Re: When Was the Last Time you Came Across a Positive Economic News? on: November 19, 2023, 12:31:00 PM
All is not "Doom and Gloom" my friend, you just need to look for the small things that gets reported to see the light shining through the darkness. In my country we have a energy crisis, but they recently reported that more and more businesses and families are investing in Solar, so that are helping the environment ...because that is "green" and renewable energy.  Wink

We should never forget that we are in a recovery cycle of the world economy, after Covid and the wars in the Ukraine and Israel are dampening the global economy at the moment.  Tongue
547  Bitcoin / Press / Re: [2023-11-17] Analysts Forecast Bitcoin Surging to $45,000 by Year-End 2023 on: November 19, 2023, 12:23:39 PM
It is always so funny when these analysts suck future prices out of their thumbs.  Roll Eyes Yes, IF the ETF is approved, demand for Bitcoin might increase... but what happens if something else goes wrong and it cause the opposite affect?

We know negative news has a much bigger affect on the price, so it just takes one small hack or one politician making some shitty comment for the price to go down again.

Let's just keep buying... and what will happen... will happen.  Roll Eyes
548  Bitcoin / Bitcoin Discussion / Re: What lies ahead for Bitcoin in the coming days? on: November 19, 2023, 12:16:09 PM
No matter what people predict, nothing will go they way people will say it will happen. Everyone are saying the possible approval of the Bitcoin ETF, will increase the price, but something else can go wrong and that might push the Bitcoin price down.

It takes only one significant event to push the Bitcoin price down, because negative news has a bigger influence on the price, than positive news has. Let's say a major Exchange gets hacked or some government ban it again, like we saw with China.  Roll Eyes
549  Economy / Economics / Re: Boycotting iSrAEl's product? think again. on: November 17, 2023, 06:15:56 AM
It all depends on who the major shareholders of these franchises are, because those people are the ones that are targeted. The franchises that you mentioned are mostly from Western countries and we know the West are supporting Israel in this War.  

The sad part is, those companies ( franchisor ) usually have lots of local franchisees that are buying the rights to operate under their name, so the local business are usually operated by a local business owner and the staff working for him are also coming from the local community.

The boycott might damage the franchisor a little bit, but these companies are global, so they just expand into more countries where there are no hostilities against them.

The people suffering the most are the local business owner and his employees.  Roll Eyes
550  Economy / Gambling discussion / Re: What do you bet on when your league is in break? on: November 17, 2023, 06:02:10 AM
Well, Sport is a seasonal thing.....

My favorite Sports to gamble on are Rugby and Cricket and Volleyball, so the one might be a Winter Sport and the other one might be a Summer Sport, but seasons differ from country to country, so the championships follow the seasons and you might have one championship being hosted locally when it is say Winter and then when that is done, the same Sport is played in a different championship in another country where it is Winter again.  Grin

I will also start betting on other Sports like Boxing or UFC or Tennis in the off season, even though that might not be my favorite Sport to bet on.  Wink
551  Economy / Gambling discussion / Re: Gambling Casinos with Online and Offline version, Are they the same? on: November 17, 2023, 05:53:14 AM
OK, I guess by "Offline" version you mean a physical casino or what they call a "Brick n Mortar" casino... right? The main difference between the two types of casinos are the games that are on offer and how these games are controlled.

The games in a "Brick n Mortar" casino usually consist of a bunch of Slot machines and some table games... and these machines are not easily "re-configured" ....so manipulation of the RTP and other variables are a more complex process.

The games in an Online casinos are not that complicated and many of the original in-house games can be "configured" by the local casino developers. The third party slots will change certain parameters on their games at request from the customer, but this does not happen regularly... they usually sign an agreement before they "rent" access to the games.  Roll Eyes
552  Bitcoin / Bitcoin Discussion / Re: What will happen to bitcoin price if Solar superstorm 'wipe out the internet'? on: November 17, 2023, 05:35:47 AM
Well, solar storms usually only affect one side or a section of the earth... not the whole planet. So the military and scientist usually have "protected" equipment that they can use to detect these solar spikes, before it reach earth. 

You can also build a very basic Faraday cage to offer some protection against solar storms like this. In any way, if this happens.... Bitcoin might have a better chance to survive than your average Bank or ATM or pay point at your local shop, because it is decentralized all over the planet.  Wink
553  Bitcoin / Bitcoin Discussion / Re: Start with the little you have, you don't need millions of dollars to own BTC. on: November 17, 2023, 05:28:16 AM
I also started out buying like that, with every single cent that I could spare, but that is not neccesarilly the best way to do it. I changed my strategy slightly by hoarding the "cash" until the price is favorable to buy more bitcoins.

So why should you be forced to buy at a high price, if you can keep the cash and then when there are a drop in the price... buy more bitcoins. The timing of these buys are crucial and you should never buy in a Bull market..... rather wait it out and buy when it drops.  Tongue
554  Bitcoin / Project Development / Re: I want to start a Gambling operation and you can join ! on: November 16, 2023, 06:39:17 AM
The righteous douchebag count in this thread is suffocating. The guy has an idea and doesn't need righteous critique.

No, I think you are wrong.

Every potential investor should analyze each proposal and then give their opinion based on their analysis. The fact of the matter is this... the guy lost his own coins, so potential investors will question his ability to secure their coins.

OP, do not have enough money to pay his next rent, so how will investors be reimbursed, if something goes wrong with this project. The fact that he is renting is also a problem, because that says he owns no fixed property (asset) that can be sold to reimburse people.

We also know Telegram is a scammers paradise, so only giving one communication option through a platform like Telegram are also questionable. (Most legit businessmen have a transparent social media presence, where people can put a face to a real identity)  

Due diligence and questioning of people's intentions are just part of the whole process to fund projects like this.  Wink  Go watch the Series "Shark Tank" and you will see how this works.
555  Economy / Gambling / Re: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team on: November 16, 2023, 06:21:03 AM
At this point, I'll really appreciate it if someone would point me in the direction of reviews about Stake platform.

I've stressed, without reserve, the limited number of positive reviews I've gotten about stake (actually, just one positive review) and the others aren't really encouraging me to use the platform. If any, can someone point me in the direction of such reviews within this forum as members of the forum can give me better reviews than outside the forum

I do not know why people put so much emphasis on casino reviews? We all know that many of the good reviews that are done on these sites are paid for or bad reviews are coming from competitors or some butt hurt gamblers that does not understand the house edge and claiming that sites are rigged when they lose money.  Roll Eyes

There are 900+ pages of discussions about Stake.com in this thread alone.... and the majority of it is not negative attacks or scam reports from the gamblers that are using it. Stake.com has proven that it is one of the leaders in the Crypto currency online gambling scene, so there should not be any doubt about that.  Roll Eyes
556  Economy / Gambling discussion / Re: Why do you want to play on casinos without KYC requirements? on: November 16, 2023, 05:57:35 AM
Does this really works? I mean how can this work properly, if a person is asked to pass KYC only after he wins and tries to withdraw his balance. I have never seen a casino sending funds back, because they were transferred from some kind of a "grey" wallet. I have never seen any casino refusing to accept gamblers' funds because the origin of the funds is questionable.
That's true! If the casino is comfortable with people depositing lots of money and will not demand KYC, why would they ask for it after a win and withdrawal request? I know many nations or regulators mandate casinos to enforce KYC policies but some casinos are taking advantage of it. They will use the KYC to fraudulently delay payment and sometimes freeze customer's funds. Doesn't it mean that the funds become tinted only when they are coming out of the casino

It does not matter how you look at it, KYC verification is inevitable. Let's look at how KYC are enforced and when it happens to understand this. Example : A casino will start out small with virtually a few hundred gamblers and they want to stand out from their competition, so they announce that they do not ask for KYC verification.

This goes on for a few years and they gain MANY gamblers, but as they grow... regulators start to notice them and they track them down and confront them with options... "either implement KYC or get shutdown" .... so suddenly you see sites with no KYC requirements, starting to ask for people to verify their identity.

So in conclusion : They start with No KYC requirements and are then forced to implement it.  Roll Eyes 
Using no KYC as a business strategy to attract customers is not bad. But it is important to give your clients a long time notice before changing the casino policy. You shouldn't assure gamblers that they don't need KYC but when it is time to withdraw a big win, you start asking for KYC. Let everything the gambler needs to know be in your terms of service, there should be no hidden terms.

You and me both know why some casinos does this... right? You mostly find this happening with "new" or "smaller" casinos, because they do not have the funds to pay out huge wins. So they will ask for KYC verification to delay the payment, so that they can get funds to pay it.

They also hope that they can find something in the KYC documents to deny the payout of the win. We are not dealing with people that are selling Bibles here.... some of them have tainted backgrounds and connections with very shady operations.  Roll Eyes
557  Economy / Economics / Re: House to consider stopgap funding measure today to avert government shutdown on: November 16, 2023, 05:50:34 AM
You know, if you are in charge of the "Money Printers" and you can quickly pop out a Billion Dollars here for this war and then pop out another Billion to fund the Iron Dome in another country, then things will eventually start to crumble.

One thing is certain... most government employees do not want the government to fall, because the majority of them are there to take a salary, so they will eventually agree to save their own salaries.  Roll Eyes
558  Bitcoin / Bitcoin Discussion / Re: Some rich person not interest about bitcoin for following reason on: November 16, 2023, 05:37:52 AM
Your rich friend will never be able to invest in anything, if that is his reason.... because every commodity or stock or share ....have some Fiat Whale that are over invested in it.

Take something simple like "Grain" or "Property" .....does your friend think that there are not major investors that are manipulating those markets? I knew of a mega grain farmer, that held out on supplying the market with his grain... until the price (demand) increased ...and then he made his grain available to the market.  Roll Eyes
559  Economy / Gambling / Re: Stake.com - The Leading Crypto Casino - Drake, UFC, Everton, Alfa Romeo F1 Team on: November 15, 2023, 06:13:34 AM
-snip-
It's crazy to see your action

You have more time to response to these, over, and over again + explain to him. It's clear, he doesn't want to read your clarification or explanation. If I was you, I just ignore him and put him on ignore. The more you response him, more chance he keep posting. If everyone ignore him, then he just posted some spam complain to here and since no body response him. He will be tired by him self, and be gone (like usual typical user like him).

He doesn't care with other people argument, he only care by his story and hoping/supporting people who have the same thought with him.

No, #ryzaadit .... we should encourage discussions like this, because there are a lot of people who does not understand the "house edge" and how different games work.

Let's use this discussion as an educational opportunity for other people apart from BlackyJacky to learn more about this. I think a lot of conflict can be prevented, if people knew how these things work, but casinos are not really helping to explain it.  Roll Eyes

You know how I went on about Stake changing the RTP on some games and how this makes the calculation of the advertised house edge almost impossible. (Millions of bets are necessary to verify it and by that time it might be slightly adjusted)  Roll Eyes
560  Economy / Economics / Re: How to survive hyperinflation? on: November 15, 2023, 05:57:17 AM
I think a lot of people in countries with Hyperinflation, switch to more stable Fiat currencies, like the US Dollar. This is one way to protect the value of your wealth, but you can consider other methods.. like buying Gold or even buying some bitcoins (BTC)

I think you should consider a combination of these options, so that a small portion of your wealth are stored in stable Fiat currencies that can be used frequently as needed and the majority of your wealth invested into something that can protect it's value over a longer period.  Wink
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