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441  Economy / Gambling discussion / Re: Will the Gambling Sportybet (Company) Refund the Money? on: October 05, 2023, 09:34:36 PM
Poor boy, he didn’t realized that gambling is a serious matter and anything that you lose into it will never have the chance to be refunded, unless if the casino is at fault. But it’s very clear that this boy has faked its age and now look where he is. This is why minors are strictly not allowed to gamble because they really are not aware how to take and manage its risk. For them, gambling is just a game that when you get lucky, you will double your money, but when you lose, everything you have is gone. Now, he might have learned a lesson but in a very unfortunate way.

The boy will realized fast that sportsbooks are not running charity, where you can request to refund your money if you want to.
There's a chance to refund his deposit if and only if, the bookie, looked at his situation, and for some humanitarian reasons,
they decide to return the money to this boy. It means, such initiative will depend on the bookie itself.
They have no obligation whatsoever to return the lost money, as you accepted the terms when you played on their site.
442  Bitcoin / Bitcoin Discussion / Re: Bitcoin and gambling which one has done you more harm on: October 01, 2023, 09:46:43 PM
But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

Between Gambling and Bitcoin I consider gambling as harmful. Because when we gamble, we invest in btc, eth, usdt, etc., it can be seen that sometimes we can earn good amount, but most of the time we lose everything through losses. Gambling is an addiction that bankrupts many people. And on the other hand Bitcoin has changed people's lives. If you are a good observer, invest in Bitcoin. Will change your life, show the light of hope.

My take on this, is that both may considerably be harmful if you don't know how to handle your finances.
Just a good example in bitcoin trading, if you go into futures and you don't know what you're doing, for sure, you can easily get liquidated.
And when it comes to gambling, if you don't know how to contain yourself with your betting activities, sure, you will get addicted and your life will be ruined. But that is, if you are not taking care of your gambling activities to how much you can afford.
Either way, they have pros and cons. It is up to the user how he will take care of his business not to get trap in any trouble.
443  Bitcoin / Bitcoin Discussion / Re: Crypto exchanges have to learn and improve on their security on: September 28, 2023, 01:07:00 PM
Scam and hack aren't the same thing. We are facing crypto hacking on the exchanges, and users have been suffering for that. I feel exchanges are using some security features to protect their funds. But hackers have been able to break their security system. Even the biggest exchange, Binance, also faces hacking issues. I don't think it's possible to prevent it completely. Because even if you use the most advanced security features, hackers will try to exploit them. Until you keep automating withdrawals, it's hard to prevent attacks. On the other hand, large numbers of withdrawals are impossible to handle manually. Exchanges need to struggle to find something where hackers are unable to break the security system; for example, hackers won't reverse Bitcoin transactions.

These exchanges should always update their security features because hacking tools are also getting sophisticated.
So their security team should be ahead of the game when it comes to this aspect of their business.
They may incur good amount of money but it will probably save them from potential bankruptcy because of these illegal actors in cyberspace.
As you mentioned, even binance is no exception. But I highly believe, they have very good security system to counter attack possible threats.
444  Other / Beginners & Help / Re: [Warning] Even the official links aren't safe anymore. on: September 27, 2023, 01:39:44 PM
Thanks for the awareness OP but yeah, I also believe that even official links are not completely safe so one should still exercise with caution. And the fact that the site is giving you a free money without any deposits, well that’s odd. That alone is already a red flag. I have not experienced this but I think the Houbi exchange has issued an explanation about that. Try to visit again their site and probably you can see some reviews same to what you experienced, that will answer your doubts about houbi exchange.

Also, doubt the legitimacy of the request if it is too-good-to-be-true offer.
Even official channels have their black sheeps working inside trying to milk naive customers.
Just exercise your common sense, and if you are not very sure of your action, try to consult the community.
This forum alone have valuable members who are serious in busting scammers, and will try to assist you in any way they can.
This is why for me, this forum is like a hidden gem waiting to be tap by most crypto users, if they are not yet a member here.
445  Economy / Trading Discussion / Re: Spot trading or future trading which trading is best for beginers? on: September 25, 2023, 11:40:53 PM
You already answered your question in explanation, maybe you are looking for others thoughts? Well i have similar point of view as yours. Though all type of trading is risky but spot trading seems less risky among those. Newbies may have knowledge about tools, may have ideas as well as strategies but they are still newbie cause trading doesn’t always follow fixed rules. future trading may have higher reward but it could empty balance within few minutes if you don’t know how to operate. That's why spot trading is less risky

As a beginner, one should not go to futures as he has no sufficient skills or knowledge yet that would avoid him from liquidation of his assets.
That is true, he should explore first the spot trading up until he got the grasp of how things are moving in the trading world.
Some are going straight to futures as they are in a hurry to earn large profits, but usually such move is detrimental to their funds.
But if they will push thru, they will learn their lessons quick and maybe learn their strategies on how to be more conservative on this market.
446  Bitcoin / Bitcoin Discussion / Re: Could the rise and popularity of cryptocurrencies be a vivid example? on: September 25, 2023, 05:00:15 PM
Bitcoin has nothing to do with how any other Cryptocurrency behaves in any market for example what Ethereum does in none of the concern of Bitcoin however what Bitcoin does surely affects everything else in the market which shows the dominance which bitcoin have in the market from the start of the Crypto and I am sure, It will be there for a very long time and it's just a matter of time before we see some great profits on Bitcoin HODLings.

That is true, we can observe that in most top alts. They follow the market trend of BTC though not all the time.
As sometimes there are also important events on the project itself, which drives good market performance.
This is why in some instances, bitcoin has nothing to do with how a certain alt is behaving on a certain way.
But as we have seen, up until now, no alt has toppled yet the position of BTC. Countless projects have tried though.
447  Economy / Gambling / Re: BitcoinCasinos.com - The Best Comparison of Crypto Casinos on: September 25, 2023, 04:12:22 PM
Another crypto gambling review site? Ok! I recognise only a couple of sites in your list which is odd since you excluded most major sites like Stake, Crypto.Games, Bitcasino, Sportsbet.io, Duelbits etc.

Also, the reviews themselves need to be improved by providing more details regarding the site in question.
What do you miss in the reviews? We are open for feedback so we can improve.

First, what he said is that you are missing the major gambling sites in your review list, such as those he mentioned.
You may consider checking out those sites as gamblers in this community are expecting those names in your top casinos list.
And maybe, on your verdict section, maybe you can include what criteria you are considering why you made such conclusion for the casino.
As it is hard to compare each casino, you should have specific criteria of comparison for us to have basis on why you said such verdict.
448  Economy / Gambling discussion / Re: What is the Difference Between Plying Gambling on Online Sites and Real Casinos? on: September 25, 2023, 12:48:30 PM
I also mainly play online but going to a live casino is a completely different experience. Can be quite overwhelming if you're used to just playing alone in a room because its a multi-sensory event the minute you walk in with the noise and smells and gambling amongst others. Its quite fun though when you can watch and interact with the dealers and other players, and there's a sense of camaraderie especially at games where many people can win together. In some casinos as well theres additional entertainment and free food/drinks going around. Definitely recommend you flying to a diff country and experiencing it yourself when you can!

Definitely, the experience with physical casino is different when you compared it when you are just playing online at the comfort of your home.
But as I also played in a physical casino before, I would say, I would only visit land based casinos from time to time only.
Meaning on occasional basis only, more on the fun factor not because I really wanted to focus on playing with the aim of winning.
What I like about online casinos is that anytime you feel you have extra funds or in the mood of gambling, you can easily access the site without much of a fuss around you.
449  Economy / Gambling discussion / Re: Navigating the World of Online Gambling on: September 24, 2023, 09:59:49 PM
...
Normally, you should find the answer to all your questions in the terms of service or the frequently asked questions pages. This is another sign that the casino is decent enough and can be trusted because it means they care about their customers by offering them answers to all their questions publicly and don't hide any information.
But regarding the max amount you can withdraw, there shouldn't be any limits because it's your money and you should be able to withdraw it all if you want. For small casinos, they may pay you in settlement if their bankroll is not big enough.

I have seen some casinos stating the max withdrawal per day. So you can already see all the vital info from their terms.
Otherwise, you can clarify your doubts from their support. Just do remember that before depositing, you have already cleared your doubts.
Also, if you happen to check the respective threads of the gambling site in the forum, you can already get insights on how they treat their players, big or small time rollers.
I have seen some sites that arrange payment terms for huge winnings, this may not be an ideal scenario, but at least they are paying.
450  Economy / Trading Discussion / Re: Bitcoin trading and gambling on: September 24, 2023, 09:44:16 PM
Trading without understanding is a kind of gambling.  However, gambling and trading are not the same thing. Each task should be understood.  If you act with understanding, the chances of damage are less.  Gambling is totally dependent on luck.  It does not predict what is going to happen.  And for trading you need to understand when to hold bitcoin and when to sell.  No one could master the trading subject in a day.

Trading gets better with experience and you can't get all the experience you need to become a good trader in a day. Any individual that wants to become a professional trader need to be discipline and not consider trading to be gambling or he'll not be doing it right. We have some individual that consider trading to be gambling and this people don't study charts before trading and sometimes it works for them but it won't be long before they start losing.

Gambling is something every individual can do but trading isn't because trading needs you to understand how the market works and predict the next movement correctly but gambling needs you to just guess and if you're lucky you win. Trading need you to be focused and smart.

If you happen to be an experienced trader, you will have a chance to earn good profits.
However, even if you have been in gambling for years and you're playing those luck-based games, you still have no guarantee when will you hit your lucky day.
In my opinion, the risk is lower in trading, as you gain knowledge about the market. Because you can apply those TAs and techniques, strategies that you have gained thru the years.
Whereas, this may be true in gambling, if you are in sportsbetting or poker. But for those games of chance, luck is the major contributor of your winning strategy.
451  Bitcoin / Bitcoin Discussion / Re: What was the idea behind the creation of Bitcoin? on: September 24, 2023, 08:46:45 PM
Although anyone can start to learn Bitcoin or cryptocurrency at any stage, but the important thing to learn is the first concept: what led to creating Bitcoin and why it is different from other cryptographic assets. If someone learn those primary knowledges about Bitcoin, they will understand better, but some people only learn from the peak; they learn that Bitcoin can multiply your money without knowing how all that works. So many people have misconceptions about Bitcoin, and the reason is always that they did not learn much about it. I was not surprised when someone said that Bitcoin was created for investment purposes, but Satoshi did not mention that Bitcoin was created for investment purposes. People only took it like that because it has become an appreciated digital currency.

Throughout the years, the price of bitcoin has increased a lot, hence, a lot of people are looking at this currency on the investment level.
But reading the history of why it was created, you would understand that it already served its purpose as one of the payment methods these days.
There's no central authority governing this currency, hence, for me, Satoshi's mission has already accomplished.
What we are enjoying right now, owed to its volatility, is like a bonus, making this currency a very good potential investment.
452  Bitcoin / Bitcoin Discussion / Re: Bitcoin kwoledge is not complete without bitcoin investment on: September 24, 2023, 07:55:28 PM
Some people have all the money,  such people are still not fit to invest in Bitcoin because they don't have the knowledge, either you have the money or not, you have to seek for knowledge first.

That's the main point. This line goes against the thread title, and I am okay with that. I have learned many things out of curiosity. I have learned a little bit of video editing, a little bit of photo editing, CSS, HTML and many more things that I don't do these days. Does it mean my learnings are a waste of time? I don't think so because these things help me personally.

When it comes to Bitcoin, I have to learn first before I invest. The reason is apparent. If I don't learn about Bitcoin and start investing in it slowly but surely, I will be disappointed in Bitcoin when I see the market crashing.

I agree but this also applies to all kinds of investment.

No matter how knowledgeable you are on a certain topic, if you lack the necessary application of using those information and knowledge, then nothing would come into fruition. For example, you may be knowledgeable about all the intrinsic and extrinsic factors affecting the price of BTC and you were also able to accurately forecast its price but if you fail to take any action to take advantage of such knowledge, then nothing would definitely happen.

This is where theories are being used as methodologies in actual experiments. Without actually trying and applying what you have learned, nothing would come out and sprout from the root of all of the knowledge you have learned.

In any investment, you should always have your contingencies in case it fails or not up to your expectations.
This is why, people are diversifying their investment portfolio to mitigate possible losses to any of their investment.
And I can agree with what the OP is doing, if you are already in this market, why not invest some especially with the top coin?
If you have done your job, studying the risks involved and you are all prepared, there's nothing wrong about buying some just to get the feel of it.
You would know what to do when you are already in the situation. If you lost some, treat it as a learning experience and see where you got it wrong.
453  Economy / Gambling discussion / Re: Gambling game is not good and everyone should stay away from it on: September 23, 2023, 09:55:26 PM
Sorry to hear about your father, and to be fair, sounds like he shouldn't be gambling. And i do understand that you want to warn others, but you should rather educate him on why he shouldn't be gamblingm about the odds and risks, and how he might not understand odds even if he thinks so. And continue explaining how irresponsible he is and how he is hurting you. Because not every gambler is irresponsible and playing their family money. I am guessing he could have wasted that money in some other way as well if he was

And i am hoping you are not in this for easy money either. Because after you see that bitcoin might not make you millionaire, you might go with altcoins and repeat your father's mistakes. This time not in casino, but in irresponsible investing.

The OP has bad experience owed to his father's actions towards gambling.
Gambling is indeed detrimental if not managed properly, so the impact heavily relies on the gambler himself.
Such situation anyway is not true for some gamblers, if handled responsibly. But sadly, a lot are being addicted to this activity.
Hence, the bad repercussions felt by most immediate families. Now, that the OP is here, I think he will have different insight on this upon reading opinions and threads in this forum.
454  Economy / Economics / Re: Early Retirement [Pros and Cons] on: September 23, 2023, 09:19:47 PM
My understanding is that early retirement is not someone's dream, the country could lose if many of them choose to retire early, unless: there are serious obstacles and problems faced by these users, for example, illness and other things, generally speaking, early retirement can have a bad impact on the country's economy, where they have to re-recruit employees to be hired, recruiting new employees drains a large budget for each recruitment.

As you said below is correct.
as long as you can still make money, don't even think about retiring early, I know early retirement is everyone's dream but who knows what will happen next, you have to maintain your grades and productivity so that you stay healthy and respected by people.

By maintaining good work values ​​and activities, it will have a positive impact on users and the country itself. Early retirement can be detrimental to the country as a whole from an economic perspective.

There will always be young blood who can replace your work. But you can always be the consultant or guiding force to these younger gen.
If you feel you need to retire from your daily job, why not? But you can always pursue where you are passionate of.
Because if you retire, and you won't do anything afterwards, I guess, you won't be very much happy, unless, you have lined-up your things to do that have been paused because of your job.
And do remember, not all people can afford to retire early. So don't worry about its significant impact on the economy of the country.
They will always find a way how to augment what's missing within their community. It is not the end of their lifeline.
455  Economy / Gambling discussion / Re: Do You Trust RNGs (Random Number Generators) in Casinos? on: September 23, 2023, 08:29:25 PM
I trust the RNG to suck for me. There are only a few times in my life wherein I won something in the casino. Most of the time, these are losses, though I understand that it would be the case since it's "random" after all. Also, if you have a way to verify your game session before every roll, might as well do that, and it's something that puts you in somewhat a comfortable position as you know that the games are not being rigged since you checked for the integrity of the game before you click that 'play' button.

For me, verification is a must if the site is new and has no reputation yet.
But I can say, if you are playing on known sites here, players tend to forget to verify the provable fairness of the game.
I believe, people are trusting the site already if they already established their credibility in the community.
Hence, very rare that you will encounter a gambler going thru the verification process, let's say in duelbits or stake or sportsbet.
But sure, there are several threads here educating users how to determine if the provable fairness is indeed fair.
Like this thread -    
Do you verify every bet as a gambler? Provably Fair Guide.
https://bitcointalk.org/index.php?topic=5227525.0
456  Economy / Gambling / Re: Casinos not asking for KYC to register and play, but do require it to withdraw on: September 23, 2023, 07:53:18 PM
If a casino is not using kyc, question arise, what will it used to identify the gambler when he wins big amount and if there is a dispute between them? Decentralized casino will might even give problem to the owner of the company because that is something that needs identification when there is dispute.

Why they need to identify the identity of the gambler once they win big if they don’t have KYC. Having no KYC means they accept the risk of not following the AML policy. It’s not a requirements to identify the winner identity in every huge win, only the AML requires the casino to require ID as reference just in case this winner commit violations.

I remember lots of user winning huge amount on crypto casino without requiring to submit ID. KYC is just become popular requirement of casino after license provider becomes strict due to the development on crypto regulations.
you are right, it also relates to the bad news we have heard in the past regarding crypto casinos being used as places for money laundering. This makes casinos tighten their regulations not only regarding KYC but also with the use of large funds entering or leaving the casino.

if a gambler never gets into trouble regarding his paperwork, I don't think the KYC procedures required after a big win will be a big hurdle. perhaps many gamblers are uncomfortable with this. Moreover, the possibility of document verification also takes time.

If the casino or sportsbook has their legit license, expect that part of their terms is about kyc verification of their players.
They may not require the document upon registration but you have to be ready in case they need it from you.
Nowadays, the game is changing as these gambling sites are mandated by the license where they applied from.
So before playing on any casino, a player should be responsible in checking the terms of the site itself.
As each site have their own terms, you can't expect as well that every site you visit will have the same set of terms.
Time is changing as we have seen, a lot of fraudsters are using the crypto market for their own gains.
457  Economy / Gambling discussion / Re: Best Practices for Staying Safe When Gambling with Cryptocurrency on: September 22, 2023, 09:53:05 PM
In my opinion, the very first and most important piece of advice I can give is to be extremely selective when choosing a casino. It is the cornerstone of staying safe when gambling.

Check out the site's reputation and reviews, ask around, and see what other players think of it. A well-established, reputable casino is more likely to keep your funds safe than a fly-by-night operation.


I can totally agree with that, even if you secure your account with 2FA and you happen to play on a scam casino, your funds will not be safe.
So if you are already here in the forum, much better to play on known reputable sites and as much as possible with good technical support.
That I think is number 1 for me, because the chance of being screwed will be less if you play on highly credible sites to begin with.
And also, to limit your losses, then, why not deposit the amount of funds that you think you can afford to lose?
458  Economy / Gambling discussion / Re: Importance of Gambling to the society on: September 22, 2023, 09:13:47 PM
A man may think of gambling as his entertainment when he feels bored at work. Here the gambler will find at least some human solace but it is expected to be a personal matter but indirectly contribute to the society to some extent. However, we know directly about some things such as when a casino is opened, employment will be created there, government institutions will get tax and various types of business can be created around that casino. These are directly related to the development of the society. There are many places in the world that people know only for the casino. So I think gambling has immense importance socially as well.

Usually the reason why gambling is legalized is not because the government thinks they are opening a goldmine and will make so much money. The reason is that if they don't legalize it, the black market for gambling opportunities will explode and spread like wildfire especially on the Internet. That's why some states legalize it and raise a certain amount of tax on the activities or winnings and profits made by the casino if they are registered correctly.

Really no government (maybe except for Las Vegas) thinks about casinos as valuable employers. The tax money that casinos pay is used to cure the problems that casinos create. It doesn't contribute to society in a net positive way.

The reality is gambling is part of human society ever since humanity exists.
So the government can just contain it by legalizing its operations, and in so doing, get the tax from it.
Because if not, it will just continue to operate, just like you said via black market.
It may be resolving some problems created by the gambling itself, but we can't totally discard this industry.
We have to accept this industry and just look for the positive impact it can bring to the community.
Eradication of this is not possible. So one thing to do is to remind gamblers to gamble responsibly.
459  Economy / Gambling / Re: 🎰 BITRUBY.IO 🚀 - The Future of Crypto Gaming 💰 Double Your Deposit Up to 200% on: September 21, 2023, 09:59:35 PM
So, if you deposited 10$, basically you need 5k wager for it, thats it
5k what? $5000? Don't say that's USD lol.

For claiming this 200% bonus from $10, $5000 wagering really sounds weird. I'm not an expert on this as I barely claim bonuses due to this rules but you know it sounds huge. Correct me anyone if I'm wrong.

Have to wager $5k to complete the requirement when players take 200% bonus with $10 deposit is absolutely insane.
It is mathematically 500x of the deposited amount or 250x of the bonus amount.
This term cant be found anywhere on the site as well while it should be listed under a separated page like bonus terms and conditions.



This one is also a bit weird, using free email and is it a typo to have supprt? Missing o?

Yeah, i think you are right, smth wrong with formula, and for 10$ deposit, wager should be lower, what is average in your opinion currently?

They won't get players to get that bonus because they have very high wagering requirement.
They will learn quick that people are not that gullible to fall for a 200% bonus because they have ridiculous condition.
As they are using free email and not their own domain, with missing "o", I don't know if people will trust them to deposit high amount of money.
But they have their chance here to prove about their credibility, it will take time to gain patrons from this forum.
460  Economy / Gambling discussion / Re: What is the drive that makes women go into gambling? on: September 20, 2023, 09:55:46 PM
I think women gamble because they are curious to know what gambling is like. They may have heard from their male friends that gambling is fun, exciting, and provides a challenge to win some money. But it could also be that the reasons said by @OP are the reasons put forward by women because if it is about reasons, they can say various reasons that will never be the same. Whether it is a man or a woman, they can both gamble for a long time, especially if the man or woman does not have self-control. We know that gambling addiction can happen to anyone regardless of gender, so men and women must be careful when they are gambling and should not gamble excessively.

That is true, just like most men, they have their own reasons and we can't pinpoint the majority reason here.
But in my experience, a lot are trying to gamble just for the experience, that's true to have fun as well.
However, when women got addicted, they for sure have similar reasons as most men gamblers.
In any case, we are all human, so yeah, regardless of the gender, we are all prone to gambling as it is already innate to humanity.
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