Hi we are thinking on starting a fundraise to increase our current bankroll we have $500k but we know our site is going to get huge fast because we are going to be 100% KYC free and available worldwide.
At this moment we have a list of high rollers $1.5M+ and a list of 10K users who are waiting for the site to get out.
The site is 100% ready (we are just finishing some details with the marketing material) and we have about 500 players without a single ad our official announcement.
Last month the site made $28k profit in just pure random players who got to the site and we have regulars customers who spend on average $1k per week.
We want to raise at least $400k, you can go to the site now and create an account and test everything to see the site is 100% operational
Let me know what you think about this idea we have.
I doubt anyone would want to "invest" in a new casino. And I am assuming it is KYC free casino because it isn't licensed and regulated? That would put the investor into more risks. And you say you already have high rollers that placed more than $1.5M bets.. how is that possible if you are new casino? And you already have 10k users waiting for the casino to go online, but I thought you said the casino is already only (with high rollers) and it is 100% operational? Not a good idea to be honest. Why not get a license and start with smaller bankroll? |
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According Samson Mow; Some people hate Bitcoin with an intensity that doesn’t make sense. You need to ask yourself why, and what exactly Bitcoin threatens for them to behave in this manner.
I think some people needs to understand that bitcoin is no man's business concerns. After all nobody is using another man's money to invest. Bitcoin could be greater with time, let's leave the hates about bitcoin.
Yeah, there are people out there that hates bitcoin and crypto currencies, even though investing in them doesn't affect them. It shouldn't even matter to them because people aren't investing use their money, but yet, those people spread hatred towards crypto currencies like they will lose something because of us investing. I guess it is because they don't understand how bitcoin works. If they did, they wouldn't call it a ponzie scheme or a scam. There is also the media coverage that shows bitcoin as something "evil", which in turn shapes a negative opinion about crypto currencies in people. Then there are those people that "sold" or missed out and opportunity and now they are all angry. |
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I have seen several casinos with promotions where they do "drops" to thousands of people or they give bonuses to several gamblers, but how transparent is this process? Do you think casinos are really doing these drops to 1000s of people or are they skimming from the top.... ? They might say a drop is for 2500 people, but they might only drop for 500 people and nobody will know. Yes, some of those 500 people will report that they have received the drop and it will look legit.... but is it really? How can the gamblers verify that the actual amount of people are receiving the drop or the bonus, if there are no list to verify it? Let's discuss this.. I am curious if other people also thought about this...  That's a valid point you have there. It's true that not all casinos are fully transparent or honest. Like most of the "new" casinos that pop up now and then, likely scam their users. And other casinos that has reputation for giving away lots of free bonus and drops, are most likely not transparent at all. I wouldn't say they are lying, but I can say for sure that they are actually giving away the drops. They could easily make a list and show the top users that will receive the drop, but they refuse to do so. Also, they can "exaggerate" the amount they are giving away, and no one will know how much they actually gave. But casinos with good reputation and well established in the community are unlikely to do false drops. |
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Which one do you think is better and has more healthy growth for a new online casino?
Is it better for a new casino to take their time very slow with their project for the time being to be able to raise some money first and only attract users with banners and small advertisements?
Or a new casino project should go all in on doing advertisements starting from their launch date with everything they've got?
Why do new online casinos struggle? A Few I knew are not doing fine and they had to put an end to their advertising campaigns.
Have you seen how many casino's are out there and how many new casinos pop up everyday? The competition makes it tough for new online casinos. The number of new casinos that "scam" their players is higher than the legit casinos. So this also makes it hard for new legit casinos, because player usually like to avoid those casinos because of the chance of getting scammed. The casinos have got to build trust with players, which can take time and patience. Casinos that are consistent and values player feedback are the ones that are likely to be more successful. And they should also focus a lot on advertisements and promotion of their casino if they wish to succeed. |
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The concerns are legitimate I would say. Those mocking Elon for his statements are very likely Elon haters. They will hate and trash talk about Elon every time he does something. Its not like I am a huge supporter of Elon, but the way every now and then you hear about Elon on the new media ever since Musk decided to takeover twitter, it makes me think how all the media is controlled and biased.
It is true that AI can be a problem in the future if the development of AI isn't done responsibly and keeping ethical considerations in mind. But that doesn't mean we will stop developing AI technology. It is helping us to advance massively faster than before. It is just that we have to make sure it is regulated and used only for good causes (which I doubt will happen).
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Most persons may say no but YES is the actual answer
In the ideal sense the dominance of crypto currencies by women is in great progress. Bitcoin is the most popular crypto currency and therefore a currency of such will be dominated either now or in the future.
Women engage in crypto currency transactions also like men do the reason you may feel they don't is because those that don't have not much idea about it.
I don't know who are those "most people that say no" you are talking about. Women are definitely getting into crypto trading. More than before, and each day even more. True, there might have been a time when it seemed like mostly guys were into bitcoin and other crypto currencies, but now more and more women are joining the crypto scene. It's great to see this progress and diversity in the space. After all, bitcoin and the crypto currencies is all about being inclusive and accessible to everyone, regardless of gender, age or status of a person, right? The more people, get into crypto currencies, the faster crypto currencies will go mainstream. |
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There are a bunch of reasons why people stay poor and can't move to upper financial levels. Sometimes it's the lack of opportunities or resources, and other times it could be due to circumstances beyond their control. No matter how much they try, they just can't improve. This happens mainly due to lack of government support and unbalanced/bad economy of the country. Again, some can't improve due to lack of financial education or not knowing how to break the cycle of poverty. And then there are people that wants to stay poor, wait for others to improve their situation, while blaming the same people for their situation.
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Everyone who wants to create a fortune has a long way to go, first we need to learn how to earn, save and then learn how to make money work for us. Someone creates a business for this, someone is looking for investments, but the essence remains the same, we earn, save and increase our capital.
I'm wondering how long we'll need to do the savings? Who has already reached any significant level, are you still saving, or you can afford to live without any financial restrictions?
I have just started taking steps towards achieving my well-being and it is still very difficult for me to understand how I can achieve my goal and become a wealthy person. The thought that I will have to save for a long time now seems difficult, will it not tire me, will I be able to go this way. I already have some bitcoin and I like the feeling that I own something of value. When I manage to save some money, I buy again, but this is not permanent because I do not have a permanent job. Sometimes I want to buy new sneakers, and I decide to buy or postpone, sometimes I doubt if I'm doing the right thing, maybe I should provide myself with everything I need and save only what remains, if left.
Probably now I am thinking that I would not like to save all the time, I would like to reach the level at which I would be a wealthy person and I would not have to worry about money, but I have no idea when I can achieve this.
It's great that you have started to save. Yeah, its true that saving can be quite difficult, especially when you're just starting out and you already have a bad spending habit. But guess what, even rich folks save and invest to keep growing their cash. It's not about saving for life, but more like getting into smart money habits that work for you, instead of you working for the money. The rich still needs money to maintain their luxurious lifestyle. They need to save, to make future purchases and investment. Someone who is loaded doesn't mean he will stop saving and investing. Why do you think the world billionaires still invest and save money? |
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Hello crypto bros!
Personally, I think that bitcoin won't become a new world currency like USD or EURO, but I think it would be widely accepted and used. But looking at some projects like El Salvador I just keep wondering, are there gonna be countries that will try making bitcoin their official currency and make all transactions using it?
Do you think there gonna be any consequences for that?
Why I think it's highly unlikely:
I think one of the problems is that it will be more expensive for people to use bitcoin than fiat. We can also say that it will create a huge load on the bitcoin network to make all these transactions so it will probably be even more expensive and slower because of that. Also worth mentioning that bitcoin is still pretty volatile and I don't see it becoming more stable in the future. And the whole system will depend on the miners and if there gonna be any problem with them, then the system will suffer. And another thing is that when people will see how volatile bitcoin is, they will try to exchange it to more stable asset that will dump the price of BTC as well.
So as a result, I think that bitcoin will probably stay as an asset and anonymous money. And it's not a bad thing, we need this kind of technology to exist.
Won't deny anything you are saying here. People that say bitcoin will replace fiat currencies very soon, are actually being delusional. And most of them say it because they are holding crypto currencies and they want the price to go up as soon as possible. Its those same people they will eventually end up selling their coins and enjoy their profit in fiat currency. Right now it's hard to imagine any crypto currency replacing fiat currencies within few years. The volatility and other flaws/limitation make it a tough to replace fait currency and traditional banking system. As for El Salvador's experiment in making bitcoin legal tender, it's too early to tell how things are going to be in the future. |
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In trading many people especially online influencers and traders, Are they really profitable? many new people trapped buy listening to those influencers that they say just you need to buy at this line and sell at this line. and whoa! you made profit, They just teaches people basic TA and charge huge amount to learn. but they doesn't share their personal journal or something, they say us that you need to make an journal, do that, do that ,
but they don't share there trades, I really get jealous of that kind of people they say to innocent people that you can make money out of this, and make money selling courses which i very basic that we can learn from a good affordable book.
some traders trade live and share there losses and wins, and after a month they share there total PnL(profit and loss) and they made real profits, (some people say they just share there other account's Pnl , we can't know that)
My question is are your profitable trader and can you share you journal or something ?, many of us will feel motivated.
Never trust an online "influencer". They are here to sell themselves and shitty things to you. They don't care if you make money or not, but they will be able to convince you that whatever they are selling will help you. And most of the things they promote, they get paid for it. They themselves don't even know what they are talking about or what they are promoting. The same thing with trading influencers. They just want to make money off newbies by selling those shitty courses. Butt here are genuine people, experts and traders out there sharing valuable info, it is just that you have to find them among those hundereds of scammers. |
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Bitcoin's volatility is one of its features that turns off a lot of people. When someone expresses interest in investing, the majority of financial counselors advise them to avoid doing this. Because it is one of the most volatile assets ever, I believe that is why the adage "invest only what you can afford to lose" exists.
My query is: How will Bitcoin's volatility diminish over time, or what is the single biggest element that could result in a reduction in Bitcoin's volatility?
Yeah, the volatility is what making people take a look back and walk away, because they can't bear the price jumping up and down. The volatility is often of the biggest concern when it comes to crypto currency investment. But this should only be a problem to those are willing to hold short term and sell it quick. If those holders see the chart, they will realize that no matter what the volatility was, in the long run, it only went up. But this is for those that are going to use bitcoin as a store of value. Anyone that is going to use bitcoin as a regular currency, will actually avoid using it. One way to reduce Bitcoin's volatility is mainstream adoption. As more people use it for everyday transactions (instead of holding it and dumping it whenever they feel like), the demand and price fluctuations may become more predictable. |
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If Bitcoin becomes the go-to way to pay for stuff and store value, it would shake things up big time. Banks and traditional financial institutions would have to step up their game or risk becoming irrelevant. You can be almost sure that they are going to have some hard times. If banks become irrelevant, governments would have to rethink how they handle monetary policies, since Bitcoin isn't controlled by any government and it is almost impossible to control it directly. On the upside, Bitcoin could help out people who don't have access to traditional financial services, which could in turn help in global economic development.
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Recently bank like Credit Suisse and Silicon Valley bank are collapsing. People are switching their money to bitcoin. Is it the sign that more people are no longer trusting the bank and are moving toward to decentralized world?
Yes, you are right. Banks are facing challenges, and it might lead to an increased interest in cryptocurrencies like Bitcoin (and it is already happening). People might be attracted to the decentralized nature of cryptocurrencies as they seek alternatives to traditional banking systems. But banks collapsing doesn't mean that people will start moving to crypto currencies, and the price will skyrocket. There are various factors that will play an important role, like regulations, economic stability, and how much people are going to trust crypto currencies (don't forget, crypto currencies aren't flawless too). But as more people learn about the benefits of cryptocurrencies and blockchain technology, we could see a gradual increase in their adoption. It might not happen overnight, but it will happen eventually. |
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What is the fair percentage of a total max supply that are in circulation that can make you invest in a project? It is fine to avoid a project that has low circulating supply? Why? What about if the project is a brand new project and the use case is killing it?
Circulating supply does matter to some extent when I'm considering investing in a project, but it's not the only factor. A fair percentage of the max supply in circulation really depends on the project, its stage of development, and its overall potential. If a project has high supply coin, then likely the value of each coin would be very less. If the supply goes high all of the sudden, this will indeed crash the price of the coin. If a coin has very low supply, it might raise some concerns, because very likely the developers are using the low supply to manipulate the market. The main thins is, you should dig deeper into the project's tokenomics, roadmap, and see how the team plans to distribute the coins in the market. If the project has a killer usecase, I doubt supply would be an issue. |
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Some months back, I created this thread " Has Bitcoin transaction double charged You?" because of the incident that took place then, but lately, I have encountered different banks transaction issues. I was making payments to a client for my goods, but after sending him the money on the 8th of March, he complained not to have received the money the whole of that day, so I had to pay up again, hoping to go and complain in the bank for the one he is yet to receive, but luckily the next day, being the 9th of March, the first money I sent to him got reversed to my account around 5:00 pm, and I tried sending the money to my company account because it was from my personal account that I conducted the first transaction. I sent the money to my company account on March 9th after it was reversed, but I did not again receive the money in my company account (at a different bank) until March 14 before it was also reversed to my account (the account I sent from). This may not be a general problem with banks in most countries of the world, but these flaw with bank is not encountered in Bitcoin transactions. {To use this as an example,} Bitcoin transactions fixed such flaw in banks. A Bitcoin transaction is irreversible. When you send Bitcoin for payment to someone, it doesn't reverse; as long as there is enough fee to settle the transaction and confirmation is ongoing in the blockchain, the transaction cannot be reversed. At least Bitcoin transactions don't have these flaw that are demonstrated by the banks. Bank APP Receipt -snip- I guess it was an issue with your bank account and the funds over there. You should have contacted your bank as soon as the reversal took place to know more about the issue. But yeah, banks are sometimes slow and unreliable. It is not as instant as they claim. Sometimes there are delays of more than one hour, or transaction takes place during the next working day. Bitcoin transactions, on the other hand, do have their advantages, like you have mentioned. They're irreversible, which can be both a pro and a con, depending on the situation (more pro than con to be honest).If you make transactions with bitcoin, there is no need to worry about reversals and delays after certain number of confirmations has been reached. But on the other hand, if you accidentally send Bitcoin to the wrong address, or your coins get stolen by hackers, there's no way to get it back. |
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Banks can not loan you above their security measures. I went to bank to access a loan of $2,300 and they ask me what's my securities collateral to back up my loan reguest. And I said my school certs. The bank agent said such amount required housing, land or multi investment documents not just certification. So that's mean education do not have the real value but properties does.
Financial institutions are very conical in dealings with others. They can beg to bring money for them to use it and build estates, mortgage and occupy landed properties but they will screw you before given you a loan.
Of course banks are quite strict when it comes to giving out loans, and they usually require some kind of collateral, like land, property or something that has value and can be liquidated quickly, to make sure they're covered if you can't pay back the loan. But they keep and use our money without giving us any collateral.... Your education certificates doesn't have the same value as physical assets. In fact it has zero value, those are just piece of paper that you can replace anytime. They will never lend you money against that, because certificates can't be converted to cash if you default on the loan. |
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As per my understanding, it is a strategy in which you can bet on all possible outcomes of an event and make your money no matter the outcome. I also understand that it requires careful research and analysis to identify suitable opportunities and place bets at the right time. I have also read that it is a low-risk betting strategy because a gambler can place bets on all possible outcomes with a guarantee to win regardless of the outcome of the event. Whereas, the profit margins are usually small, and it does take a significant amount of time and effort to identify suitable opportunities. My question to everyone here is how to increase the profit margin. Does the profitability depend on the betting events you chose for example if I chose sports then which sports should I bet on? I know from my previous topic On which Sports do you like to bet apart from the listed one here? that soccer is the most sort after sport or go for another game. I've heard about gambling arbitrage too, and it does sound very interesting and intriguing. But the thing is, you got to be super careful and do a ton of research to find the right opportunities. It's not an easy task, and it can be pretty time consuming, so you need to be patient too. And you got to also remember that arbitrage isn't foolproof, and it might end make making you lose everything. If it was foolproof, everyone would be doing this and never lose money in sports betting. And don't forget, you risk yourself getting blacklisted! |
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It's recently i know about Bitcoin and since i have noticed the important and kind of asset Bitcoin is , i have embrace Bitcoin to the fullest after making research of Bitcoin, a property was shared for me and i decided to sell half of the property to invest in Bitcoin, i have sold the property and i have decided to take the risk to invest for long term for Bitcoin after i notice that Bitcoin is an asset. The deal of investing my property money in Bitcoin has been done already.
But when i discussed the information of Bitcoin with my father and he said if i have seen someone who has benefited in Bitcoin, i responded that i have not seen with my eye anyone that is a Bitcoin beneficiary, but after reading the technology of Bitcoin and i noticed that it's an asset and people do invest on Bitcoin and make profit and i decided to sell part of the portion of my land to invest in Bitcoin for long term.
With the Passion i have on Bitcoin i do think that we are supposed to ensure that people have known what's Bitcoin in our various societies, and i have decided to teach both mother's and father's and youths of Bitcoin after i have understand it very well. The place I'm i don't think five twenty percent knows what's Bitcoin. So i have discovered that Bitcoin is an asset and the information most be shared to my friends who don't about it.
it's great that you've realized the importance and potential of Bitcoin as an asset and decided to jump in and give it a try. But just remember that, like any other investment, there are risks involved. Be ready for market ups and downs (and downs that can last for months or years) and make sure to diversify your investments to reduce potential losses. It's nice that you want to spread the word about Bitcoin among others. Teaching people about crypto can help them get a better understanding of crypto currencies which will make them a little more confident when trying to invest in bitcoin. Just remind them to do their own research, understand the tech, and invest responsibly. |
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Hard to understand what you are asking here, but based on your title, yes, the casino does take some risks (all business has risks involved!). But the casinos have an house edge, which ensures that in the long run, they will always be making profit. This house edge ensures the steady flow on income for the casino. 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?
The earnings come from the "losing" bets of the players. If you don't want to get scammed, then go for a casino that has good reputation. A well established casino would never scam their players. You can find out if a casino is safe or not by looking at the reviews. Also make sure you are playing at a licensed casino. |
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I've never tried skill-based slot machines (never even knew they existed until today), but it does sound quite interesting. It actually does add an extra layer of excitement compared to traditional slots, as you can have some control over the outcome during bonus rounds and be more active when playing slot games. However, I am pretty much sure that the house still has an edge, so the odds aren't really in your favor and there are some sort of lucks involved in those games, or else skilled player could make those casinos go bankrupt. As for which I would prefer, I'd say it depends on how I am feeling and what I want. If I'm looking for a more interactive experience and be more involved in the game, I'd go for skill-based slots. But if I just want to relax and try my luck, traditional slots would be more appealing.
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