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661  Economy / Gambling discussion / Re: New Government Rules Mean No More Gambling Sponsorship on: February 08, 2021, 03:18:28 PM
I don't get it, why would they impose this kind of restriction? Didn't the government profit from the taxation? And if they ban sponsorship, who will the football industry rely on? It's not like alcohol sponsorship is any better... Sports brands will be the only ones left, I believe. On the other hand, it's good that the government is worried about the nation and can see possible consequences of continuous gambling advertising, but with such a crackdown the government should at least offer some alternatives and help out in the future.
662  Economy / Gambling discussion / Re: Newbie gambling sites on: February 08, 2021, 01:58:25 PM
I would recommend sportsbet, despite the name it has casino games and slots, also try playing poker, it's not only about luck, you can use strategies, analyze your opponents and actually win something, there are poker tournaments as well, I especially ilke them, very fun, a lot of interaction and communication. Also, the website has a stylish and simple interface. For slots I'd recommend Roobet - plenty of choices there, great navigation, never had any trouble finding anything there.
663  Bitcoin / Bitcoin Discussion / Re: How often are people really hacked out of their BTC? on: February 07, 2021, 10:19:37 PM
Has anyone here been hacked and if so, how? We should make sure that we share our stories of being hacked, even if they are painful,  to ensure that people do not repeat other people's mistakes.

Luckily, I've never been hacked, but I take some precautions: all of my passwords and private key phrases are written down on a piece of paper (have many copies, but none of them are digital) and, just in case, I've memorized them all  Cheesy Also, when withdrawing, exchanging I always double-check the address bar and the receiver's wallet address. Apart from that, I try to store my major savings on Electrum.

But I think there's another problem, that some bitcoin holders (not as few, as I thought) are currently facing - people really do forget/lose their passwords and wallet data, don't they? Take a look at that:

Quote
Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets, according to the cryptocurrency data firm Chainalysis.

Source: https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html

I was really stunned by this news, $140 billion is a lot of money, such a waste  Cry
664  Economy / Gambling discussion / Re: Joseph Stahura avoids jail for all the campaign funds he used for gambling. on: February 07, 2021, 09:47:26 PM
After familiarising myself with the law, the jurisdiction, and looking through different cases, one thing became clear to me: almost anything can be justified and nearly anyone can get away with various sorts of law violations as long as this person has a good lawyer. In the Stahura case, the fact that he immediately pleaded guilty has played an important role in building a case for leniency, also, as I understand it, Stahura handled his duties as a mayor pretty well. Plus he's got no criminal history, and it's not like he's killed or severely injured anyone. So in the end, he was viewed as a good man, who has served well to the community and made just one little mistake, which he very much regrets. I'm afraid, the judge was left with no choice...
665  Economy / Speculation / Re: Will Bitcoin go up to $1000k? on: February 07, 2021, 07:12:40 PM
I am new at http://bitcointalk.org.
I want to know more about BTCitcoin.
One of my friends told me BTCitcoin will go up to $1000K.
Is this possible?Huh


Theoretically, it's possible but sounds unrealistic and exaggerated. Also, the question is: when? In 50 years, maybe, but who knows what will be in 50 years? Will cryptocurrencies still exist, will there even be a need for them? Taking into account the last developments - Bitcoin will only rise in price, but how steep will that rise be - no one can tell for sure.

When analyzing the history of Bitcoin - 2 significant rises can be denoted. The first one was approximately from Dec 2016 when BTC was around $700 to Dec 2017, when Bitcoin almost hit $20k, that's 30 times increase in just a year! And the second one, I believe, we're experiencing now: in 2020 BTC had its ups and downs, but the average price was around $8-9k, and now it's nearly $40k, a 4-time increase. So, you can see the tendency here: the more Bitcoin is worth - the slower it increases in price. It's good, actually, it means more stability. But, taking into account all I just said, imagine how much time will it take for Bitcoin to reach the price you've named.
666  Bitcoin / Bitcoin Discussion / Re: The day I entered the bitcoin market.... on: February 07, 2021, 03:12:01 PM
Good for you, that's really worthy of respect! I think many people, who were into cryptocurrencies at the beginning suffered from accusations and mockery. It's good that those same people came asking you around about Bitcoin, another matter that they didn't have the guts to buy some, but at least they admitted that they were wrong.

Many of my acquaintances (especially elder ones) to this day believe that they were right and someday the "bubble" will burst. Probably even looking forward to it  Cry
667  Economy / Gambling discussion / Re: The gambler who manages to beat the casino through cheating on: February 07, 2021, 01:14:45 PM
If you are getting lots of wins then the others expect someone is watching you from the dark. That's what happens to me when I successfully manage to find some bugs in the online game and I can do some task which is done for about a month and I can only do it for 3-5 days. I found myself investigated by the admin himself and finally kick me out of that game, I was banned forever. That's on the game, what more if you are getting some straight wins from casino without losing? You need to stay low no matter how many tricks you know. You just need to keep it to yourself.
That is what happens to us if we can do something that other people need longer to get. Other people or even the admin will check us and investigate if we do something suspicious or not, and they can ban us forever without any notice. It is normal to see other people who do not like what we found because they can not find what we did. If we can get some straight win from the games, that will make the alarm on the casino ring and investigate our account. So if we can win, maybe we need to take a break for a while and withdraw the money.

First off, if you win, even if you win big, a legitimate casino will allow you to withdraw the money. You don't need to wait or anything. Secondly, if you are capable of finding bugs, it means you are a good coder and you can make good money as such. Also, you can report the bugs and be rewarded by casino for that. It's a pity that sometimes talented people opt for illegal activity, while they can earn good money legally.

If you can find bugs it doesn't necessarily mean, that you're a good coder, sometimes all it takes to expose a bug - is playing long enough, so that you'll be able to see certain patterns and for that, you only need some observance skills. Also, where's the guarantee that the casino will reward you? They might as well reward you with a simple "thank you"  Cheesy

And can you consider using your knowledge of bugs as cheating? I could draw an analogy, that making money out of bugs is the same as picking up money that's lying on the ground. Someone dropping the money can be seen as a bug, and you picking it up is basically like making money out of bugs. On the one hand, it's not a good thing to do, but on the other hand..you know that it's either you take, or someone else, so why not use the opportunity?
 
Don't get me wrong, I'm not implying that anyone should do so, in fact, I consider this kind of behavior wrong, so I never pick up money in such cases. Just saying it's the same thing, so from this point of view, most people are probably cheaters when it comes to real life  Grin


668  Economy / Games and rounds / Re: 💥💥 Roobet.com | Guess The Slot #99 | $200 prize pool | Level 5 💥💥 on: February 07, 2021, 12:36:50 AM
Neurologist
669  Economy / Gambling discussion / Re: What has been your longest streak of dice losses using martingale ..? on: February 06, 2021, 11:58:58 PM
One time in a casino I saw at the roulette table that at least 10 times in a row the number was red. Two friends of mine and me decided to go over to the table and just all our money to bet on Black with a martingale strategy. In the end we lost all, in total we saw 15 times Red and one time the 0. I m just glad we didn't have so much money left that evening to begin with.
The real life casinos are rigged in some cases so did you checked for the magnet below the table? Cheesy.

15 times getting red is quite strange because I know each time they spin the chances are basically 50% or maybe 48% since there is a green 0 on the table mostly. But even then 15 times is too much and now since you mentioned it was a real life casino, I am actually starting to think it was surely rigged.

Personally I don't use martingale strategy too much but I had a losing streak of around 12 on PrimeDice long time ago and that is where I actually learned how provably fair works.

Speaking from personal experience - 16 unfortunate bets in a row are possible! That's my experience with Martingale..never used any "betting strategies" since then. At first, I earned around 20$ very quickly, but then I lost it all in like 5 minutes, plus lost the 40$ I had in there deposited, it was on the PrimeDice too, by the way. Wait, are you implying that PrimeDice is rigged? Or have I missed something? Cheesy
But just theoretically speaking, from a probability point of view it can happen, however, the odds of that (if playing 50/50 chance, as I did, or in the case of roulette red/black) are, if my math is correct, 1 in 65,536, which seems rather rear...
670  Economy / Gambling discussion / Re: Gamblers - How do you use your signature campaign earnings? on: February 06, 2021, 11:32:16 PM
I assume most people probably gamble it, and that’s why signature campaigns are able to be so generous

Not necessarily. I don't think the campaigns rely on profit directly from people, who wear the signatures. It's just that Bitcointalk itself is full of people, who are into the things, that are advertised here: altcoins, gambling, other crypto-related projects. Thus, this forum seems to be a very good platform with a target-like effect. For instance, advertising the above-mentioned things on popular platforms or on social media, like on Instagram or Facebook, even with targetting, wouldn't be that effective, IMO.

Anyways, I donated much of my earnings here in research, because I'm a scientist, and research funding in our country is very poor, so if you want to make a difference, discover things and publish them - you need to rely on your own investments. But some of the money I actually use for gambling, just for fun, and mostly I gamble on the websites, that are advertised here.
671  Bitcoin / Bitcoin Discussion / Re: India makes ownership of Bitcoin criminal offense - How to respond? on: February 06, 2021, 11:05:07 PM
That's very sad, these kinds of governmental regulations curtail the freedoms of the citizens, and such strict regulations, 10 years in jail, seriously?? It is also very frustrating that cryptocurrencies are nearly the only thing in which Third World countries could keep apace with any other countries, cryptos could've provided opportunities to become more independent, improve the economy, I seriously don't understand what were they thinking...



672  Economy / Gambling discussion / Re: Why would anyone use a betting broker? Have you tried it? on: February 06, 2021, 09:22:05 PM
It all depends on what kind of gambler you are. If you just make occasional bets, just for fun - it will be more convenient to do it without intermediaries, and, like you said, with a betting broker most likely you'd have to make a bigger deposit.
But if you gamble on an ongoing basis - it'll be very time-consuming and tiring to make deposits on various websites and search for the best odds.
673  Economy / Gambling discussion / Re: Football betting (betting at the start of the season or later?) on: February 05, 2021, 10:35:31 PM
As for me, it's better to bet somewhere in the middle of the season (even closer to the end) because at the beginning, naturally, it's hard to tell how a certain team will perform, there's not much to go on with. Sometimes a team can win many matches in a row, beat all of the opposing teams, but after a few months the situation can be quite different, other teams start to "wake up" as the end is getting closer and often perform better, than at the beginning. So if you rely on your own judgment - mid-season is the best solution.
674  Alternate cryptocurrencies / Altcoin Discussion / Re: Question about new projects on: February 05, 2021, 03:31:15 PM
They just make a platform that really hopes it will be used by people around the world without creating tokens to attract investors early in the journey  
But they don't just hope, do they? It takes a looot of investments to make a certain brand recognizable, attract an audience and convince them to use it, and without that - no investors will give their money to your project. So, funny enough, but if your platform isn't really unique - in order to draw investors' attention you already have to be something, and not everyone has sufficient funds for that. And years ago it was way easier than now! Nowadays, due to enormous competition, you'll have to invest even more.

And the other way to attract funding - is being unique, so that your company won't have many analogs in the market, and one of the easiest ways to do it - is to associate your project with something new - altcoin, convince investors that it's something extraordinary, explain why it is better than other existing alts and voilà - your project has just become interesting. It's another matter that nowadays there's such a wide range of altcoins, that even this method isn't that effective, but it doesn't require many funds, so..worth a try.
675  Economy / Gambling discussion / Re: The gambling black market thrives in Britain on: February 05, 2021, 02:29:56 PM
Sounds risky at first, but now that I think of it, how do you actually distinguish between legalized and illegal gambling websites? I mean, do any of you actually try and search if a certain website legal in your country or not? It's not like you enter a website and it tells you that it's a black market website, right? Grin For instance, in my country gambling itself has only been legalized a few months ago (due to endemic-induced economic crisis, I guess) and there are very few websites offered by the government, and they all suck. Does this mean that if I use any other websites (that might be legal in other countries, but not in mine) - I gamble in the black market?
676  Economy / Economics / Re: What We Should Learn From Elon Musk Influence on: February 04, 2021, 10:26:48 PM
Most certainly, influential people have an impact on the stock market and cryptocurrency prices as well. People tend to listen to public figures. That's why it wasn't a good move from Elon Musk to post on his Twitter about 4 covid tests in one day with different results (if you remember that one) - it immediately put doubt in many people's heads. But no matter, there's something more interesting.

Last month I've noticed something rather odd about Bitcoin and Musk. It is well-known that he's a big supporter of Bitcoin, but what can we tell about his actual assets in BTC? I remember that for some time Elon was all over the news in rankings, that he headed the list of richest people on Earth and it was exactly at the time when BTC has increased in price (Jan 7-8) and beaten its all-time record! And then..a couple of days later (Jan 11-12) media tells us that Elon Musk ISN'T the richest man anymore, and that happens concurrently with the drop in BTC price!! Can't be a coincidence, don't you think? What thoughts do you have on this matter?  
677  Economy / Gambling discussion / Re: People die from heart attack when they hit the jackpot. on: February 04, 2021, 07:04:08 PM
That I guess is the negative reaction of the human body who already had history on heart disease (some might be too mild that It goes unnoticed) who got overwhelmed with happiness, excitement, and surprise. All of this is a product of an unhealthy lifestyle, though some are hereditary but is being abused by unhealthy lifestyle as well.

Well, I don't know If how are the family members are able to process and claim the winning amount If this person who just won died after learning that his ticket had the jackpot.

At first, judging from the name of this thread I too thought it's about how people died immediately after winning the jackpot, which seemed suspicious, because it's a common misbelief, that people can simply have a heart attack due to shock/too surprising events/excitement. As you said, it can only happen to people, who already had a heart attack, or have a medical predisposition.

But look at the articles closely - these people died weeks after winning the lottery from a different cause: in a car crash, or old people getting scared of something, and some of the search results just concern the matter of inheritance right in such cases...
678  Economy / Games and rounds / Re: 💥💥 Roobet.com | Guess The Slot #98 | $200 prize pool | Level 5 💥💥 on: February 04, 2021, 12:14:26 AM
Neurologist
679  Economy / Economics / Re: Only 2% of addresses hold 1 Bitcoin or more — Is this true? on: February 03, 2021, 11:16:46 PM
I'm curious about some publications mentioning that "only 2% of the addresses holds 1 Bitcoin or more".

I found this to be quite surprising, since I always supposed longtime hodlers to be the larger segment of the Bitcoin ecosystem and not just a small fraction.

How accurate this data could be?


As for me, it's not that surprising, considering that most people aren't that rich to afford various risky investments. Also, even if we take large investors - it takes nerve to see BTC drop in price and still keep it on the wallet, also, many people are greedy and they sell just as the price begins to drop.

So potential longtime holders are either very rich people who don't care if they lose money, but if they're rich and not interested in profit - why invest in the first place? Just for fun, I guess, so we can't expect the % of such people to be large. Or, it can be ordinary middle to upper-class people, but for this kind of people, it must be particularly hard to see their investments lose value as Bitcoin drops in price, so many of them eventually sell.
680  Economy / Gambling discussion / Re: BEST GAMBLING MOVIES OF ALL TIME on: February 03, 2021, 10:25:27 PM

What are your picks?


I've seen many decent movies named here, so I'll just list my top 3 gambling-related movies, each of a different genre:

1. "Casino" by Martin Scorsese, a perfect movie that allows you to fully dip into all this gangster-casino atmosphere, demonstrating all of its ups and downs (downs mostly Grin), drama. Like all Scorsese movies, it's beautifully done, gives you a lot to think about.

2. "Lock, Stock and Two Smoking Barrels" by Guy Ritchie. I'd say it's more of a comedy/action movie, but quite interesting though, with an unexpected plot twist. Also, I can't think of a better movie that would demonstrate why one shouldn't rely on gambling to earn money and NEVER-EVER borrow money for gambling purposes, no matter how good this person is;

3. "Molly's Game" by Aaron Sorkin, I'd really recommend everyone who's a newbie in gambling to watch this movie. Not only it is very interesting, and you'll enjoy just watching it, but also consider it as a perfect instruction, explanation of how gambling works, how casinos work, even the rules of some card games are explained if I'm not mistaken.
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