I don't fully understand your story, your 4 friends placed bets at a local bookmaker but gambling is prohibited in your country? Does this mean it was an illegal gambling casino or bookmaker? If that's the case I think police is mostly interested in the criminals operating the illegal casino, so if your friends provide information for the police maybe they can get rid of the fine. In general I would be careful with friends that engage in illegal activities. Nothing wrong with gambling, but if its banned in your country you should think about making a trip to another country to gamble. Don't feel responsible for the actions of your friends.

Yes I experienced tilt quite a lot in the past and had to learn the hard way how to deal with it. Tilt was one of my biggest problems when I first started with gambling. Whenever I gamble I set myself a fixed budget to gamble with, once I reach that limit I have to stop. The problem for me was that after a losing streak I fell into tilt and bet all my money at once because I thought it doesn't matter anymore and I would have a chance to recover. In the end I usually lost all my money and felt really bad about myself. Tilt made me do something that I regret deeply a few hours later. The best way for me to deal with tilt now is to take a break. Forcing myself to step back and take a deep breath before making the same mistakes again.

Unfortunately these requirements are part of the game and we can't really get around them. All casinos need some form of terms and conditions to protect themselves against exploits. A casino that offers deposit bonuses without restrictions on withdrawals can have a big problem if gamblers pull out all their money after only one round. I think it's pretty common for casinos to have a x5 waging minimum requirements on their bonuses. I kind of got used to them and never really try to withdraw any winnings instantly. But having requirements on our normal bankroll without bonuses is a bit harsh in my opinion, especially if it's x5. There can't be much done now only to learn from the mistake and look more closely next time.

No I rarely play lotteries and when I play them it's usually the state lottery in my country. When it comes to lotteries by online casinos I have no experience at all. For my taste the winning chances are too low, my grandfather played lottery every week for more than 30 years and never won anything big. Usually it needs a lot players to get a big jackpot, but with online lotteries I would expect there to be not so many gamblers. When it comes to state lotteries I only follow up on the mega jackpots and in which city the winner lives. As for online lotteries I don't really know where to follow up. Lotteries could be more fun if they don't focus so much on the big jackpots, because it's so unrealistic to win them.

That's an interesting idea, but might be very hard to implement. Gambling addiction is a serious problem that only affects a fraction of the gamblers. So for making such a certificate mandatory at the casinos a lot of gamblers who never struggled with the addiction would have to get it. This would be a lot of work and also provides the government with personal information from all the gamblers. I think the major concern most of us have with it is the misuse of our data by the government and a potential data breach that could lead to our data getting in the wrong hands. It also might be a bit hard to proof that you are a responsible gambler. What kind of records do we need to keep from our gambling activities, and for how long? That could accumulate to a lot of data.

I agree it's not easy to create a new successful casino from scratch. Due to the online gambling boom during the lockdown periods casinos have become much more competitive and actively fight for customers. Today it's pretty common to see special promotions and  advertising for all the big events. It takes money to attract customers to your casino and it also takes money to keep the existing customers happy. Any new casino need to be aware of that and invest constantly into their marketing department. It's great to offer something new to the gambling community, just make sure that the basics are working well and enough capital is at hand to keep promotions running.

No never, the casinos I visited in the past it was common to tip chips. When you win a big hand in roulette, blackjack or poker it's customery to slide a chip for the dealer. So far I have never heard of tipping anything else to the dealer than chips. MrBeast is one of the biggest youtubers and spends a lot of money in his videos. Him tipping a car to waitress is all about making Internet content and not actually giving something back to the waiter. He needs to find a restaurant where he is allowed to film and a staff that is fine with being seen by million of people. When in a casino it's all about sharing our money with the dealer, because he was the one that gave us the good cards. Being generous to the dealer gives the idea that he can influence the cards and let's us win more often.

I fully agree with you, controlling our emotions is one of the hardest things in trading that even after years of experience remains difficult. How many times has my stomach told me to  sell my positions now, without any real reasoning behind it. Feelings like greed and fear are a big problem that and can lead to losses if we give in to them. That is why we need to actively control our feelings and live with them. I found that gambling is a great way to get used to dealing with losses. When playing poker there are situations where you play correctly, but still lose due to randomness and bad beats. For example when you hold the two best hands AA or KK, you will try to get as many chips as possible in the middle. And even through you have the highest winning chances there is no guarantee we will actually make money. That was the hardest lesson for me  to learn in trading as well. Even though you make the right analysis and decision, when the market is against you there is not much we can do than accept it. Having the mental strength to accept situations that we can't change and don't fall into a black hole is important for any trader.

Oh boy looks like she doesn't want to give up. I was so glad last year the bill against crypto both in America and in Europe found no majority. Why can't politicians accept defeat and move on? When already Democrats and Republicans agree together on something there must be really something wrong. I hope that due to the crypto hype over the last two years that there is now a strong majority for people who favor cryptos and don't want to see their use being limited. To a certain extent regulation is important, but over regulating a whole sector will limit it's growth in the future and reduce the incentive for technological advances. Let's make sure that everybody knows the politicians that are against cryptos.

That's an interesting thought experiment. For the value of the dollar to go to 0 there would be some very bad situation before, likely could be that the US government prints so much Dollar that they become worthless, or the inflation starts to go into hyper inflation also making the value of 1 USD to drop to 0. Alternatively the US economy could collapse and also making the currency to collapse. The question then would be if consumers start to switch to other means of payments, like bitcoin or gold. Trading in gold is not really feasible as most people only own it in form of jewelry which you can't really break down in small parts. Bitcoin would be a great way to make purchases directly between producers and consumers, but I can't imagine want kind of prices it would be. Given that if USA is in economic crisis the rest of world will likely be too, there would be high demand for bitcoins and prices should rise quickly. Probably already for a few Satoshi we could be buying our daily food supplies.

Having challenges against other gamblers is a great idea to make gambling more interactive and interesting. I think everybody enjoys participating in them and as far as I know they are all free to take part in them. It's mostly upside with a limited downside. The only problem I have with the challenges is that they can make us more focused than the actual casino games. If we put our main focus on the challenges and not the casinos games it could become a problem. The main improvement I would like to see with challenges is to focus more on the average gambler and not the big whale gamblers. Having challenges that focus on the number of games and the time spent at the casino would be more fun than the amount of money spent at the casino.

That's a great idea, I think there is a lot of demand for such seminars among small business owners. In my country it's mandatory that all types of businesses need to keep at least a basic level of financial records. But many companies are struggling with it and when there is an audit happening there is a lot of panic. During university I worked part time in a tax office and saw first hand in what conditions these documents where. There were a lot stains on the paper and pages missing, which was a big problem because the government would always make unrealistic estimates. If you are struggling with speaking in front of strangers you could think about only making online seminars, then you would be sitting alone in your room and only have to engage via video with your clients. One problem is that many business owners don't pay much attention to the subject, it only comes to mind when there is an audit around the corner.

Martingale is my preferred gambling strategy, you know exactly how much to gamble with each bet and with only one win we are going to recover all previous losses. The main problem with the martingale strategy is that if we don't manage our bankroll properly we are going to go bankrupt in a losing streak before recovering. That's why it's important to start small with only a tiny fraction of our overall bankroll. 1.8x is a good multiplier, the highest I would go with martingale is 2x.

That's an interesting question I haven't really thought about. Financial markets are very dynamic and fast changing, if there is a profitable trading strategy we will see many different traders copying it until it becomes less profitable and traders move on. That's why it's always important to check our own strategies regularly and see if market conditions changed and we are losing money. With that in mind old strategies could become profitable if they are abandoned by all traders again. The thing with my trading strategies is that I don't really have a fixed one, I use a wide range of technical indicators to get trading signals. And these indicators I switch from time to time depending on the current market situation. In bear markets where prices are moving much faster I tend to use mostly short term indicators, and during bull markets I focus more on longterm trend analysis. Maybe now with the rise of AI we can have a program that constantly evaluates all our past strategies and ranks them based on profitability.

Yes definitely don't leave any coins laying around on the exchange, the security risk is way too high. When we recommend it teach somebody about bitcoin and other crypto coins it's important that we make them aware of the security risks. There have been big scandals in the past and it's up to all of us to not repeat the same mistakes again. In my family only one person is holding also crypto currencies, my cousin. Last year for his birthday I made a small crypto portfolio for him to store his coins. He hasn't really bought any by himself, but I am going gift him some again this year for his birthday. Among my friends it's a bit different, I would say that 60-70% own a few bitcoins but aren't really using them for purchases. Because I kept talking so much about cryptos they all wanted to get invested as long term investment that might pay off in a few years. Only one of my friends trades still in CSGO skins and uses bitcoin for that.

Having the chance to choose between anonymous gambling and having to share our personal details with the casino and maybe even the government I think that everybody would prefer to stick to anonymous gambling. The problem is however that the regulation for online gambling is slowly changing. There was a huge boom in the online gambling industry because of the long covid lockdowns. While at the moment it might still be possible for some casino to operate without KYC, we are seeing that for larger transactions KYC becomes mandatory. In Europe and North America there is a lot of political pressure to regulate the online sector more and try to get rid of money laundering globally. That is why I think that in the future there will be no way around KYC on all the major casinos. I kind of got used to it by now and hopefully the security of the casinos is going to rise with their popularity. After losing all my money, the second biggest fear for me is a breach of my personal data at a casino. Any new casino that is coming to the crypto world now should keep and close eye on the regulatory requirements and be prepared to change their withdrawal procedures to not get into trouble with the law.

 

It's a bit hard to convince a person of positive things in crypto currencies without knowing anything about him. If it's a stranger why even bother trying to convince him to invest his money into bitcoins? We don't need the whole world to hold bitcoins, it's fine if only some people actually use it. I assume it's a friend of yours and you would like him to invest in bitcoins as well, which is nice of you to help your friend. Bitcoin has a lot of positive features that we should list as pro arguments for cryptos, being independent from the financial industry and governments probably the most important one. When talking to your friend you should find out why he is so sceptical in general about bitcoins and what is the main concern he has about them. It makes it easier to find counter arguments directly for his concerns. I would expect he has some security issues as bitcoins are not physically in his wallet when he buys them. If you tell him about all the different types of wallets and that the security is his hands he should be relieved.

It's crazy how the world changed with social media to a completely online business orientated world for young people. I think that most purchases these days by the younger generations are being done online and based on some influencer promoting that product before. All the small businesses in my hometown are slowly dying and there are almost only big chain stores left, which is really sad in my opinion. What I do see everyday is the huge number of amazon/dhl/ups/post/etc. transporters delivering packages. A young family in my house is getting at least one package per day. And with the rise of instagram and the product placement on all of those pictures it became a new type of job. What surprises me the most is how small your follower base has to be to make a profit from it. The girlfriend of a good friend of mine is doing product testing for cosmetics and has maybe 3,500-4,500 followers on insta that is enough for her to do it full time. As long as people actually make purchases through you referral links there can be a lot of commission be earned.

 

I have the same feeling, everything is getting more expensive and at the end of the month there is less cash available. Everybody is asking for more money, except for my boss who is unwilling to increase my salary. It all started with the covid pandemic where food prices started to increase a lot. And then the Ukraine Russia war happened which is basically the number excuse for every company to increase their prices. Especially goods where there is no alternative like fuel, food or heating increased heavily over the last 12 month. Before everything I had much more free money at the end of the months to spend cryptos, going out or gambling. Now we are in a high inflation and I don't really see any way out of it. Companies are not going to lower their prices again, it's the new normal world. The only real option we have is to try and switch jobs and hopefully find something that pays more money. Or we have to stick around and try to survive until our salaries finally rise.

 Going "all in" into any new project is too risky for my taste, I do think that it would be better to slowly grow as a casino. There are few advantages for being a casino that has been around quite some time, compared to completely new startups. First of all, you show some confidence to your customers that you are not going to disappear quickly again. Having a positive track record is very important for online casinos. Secondly if you build your casino slowly over time you can react better what the customers want and shift your main focus on the most played games. And a third advantage is that there might be some scandals in other casinos where you than can take advantage of when you have the reputation of a reliable casino. Also I do think it's important for online casinos these days to run special advertising and promotions from time to time. In case you use all your money now directly at the start of the launch phase you might struggle to afford another round of promotions down the road.