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1721  Economy / Gambling discussion / Re: What contests do you want to see on the Dice platform? on: October 17, 2022, 10:35:37 AM
Friends do you have any ideas related to dice game that you would like to see?

That's a though question, I rarely see any contests here on the forum for dice games. Dice is usually played alone without much interaction with other gamblers. The easiest contest that comes to mind would be who has the most rounds played or who bets the most money during a week. The problem is that the both are dependent on how big your bankroll is that only the whales have really a chance to ein. It would make more sense and be more entertaining who reaches the highest multipler or who hits a specific target. Funny numbers like 69.69 could a good target and who hits it the earliest wins. Another factor would be the price money, it needs to be some good prices and also for the second abf third place to really be attractive for gamblers. Maybe if your casino is very new you could run some special promotions? This would also attract more new customers to your site.
1722  Economy / Gambling discussion / Re: Will you be influenced by your favourite celebrity? on: October 17, 2022, 09:49:34 AM
Would you be influenced by your favourite Celebrity who you know gambles and one day happens to post the games he played, would you be influenced to play the same game?


I am not really following celebrities so much lately, in the past I used to have a few celebrities I followed on social media. But since my new job I have less time and took a break from social media, it's too time consuming and a bit addictive. It's cool if famous people show their betting slips, I enjoy seeing large bets and it's make them more likeable. Usually there is not interaction between the big whales, so when a celebrity posts how much money he puts down in a single bets I am rooting for that event. Placing a small bet myself doesn't hurt and it's gives me the chance to win some money too. We don't know how much information he really has and maybe he got some special tip that leads to a nice payout. As long as we don't look at it as a safe bet that can't lose, everything is okay. There is always the chance for us to lose the money, and for a celebrity it won't hurt losing 500k or million. That's why I only place a small bet to not feel bad if something goes wrong.
1723  Bitcoin / Bitcoin Discussion / Re: Elon Musk is one of the keys to be 100k$ per Bitcoin? on: October 17, 2022, 09:18:32 AM

Do you think Elon Musk is one of those who will push the price of bitcoin up to reach 100k$ each when the bull run comes?


We all know about the power of Elon Musk in the crypto community, one positive or negative tweet from him can send a coin flying. Personally I think he has too much power and I didn't like what he did with tesla any bitcoins, first accepting 1 btc for one car and then stopping with bitcoins all together. One person alone shouldn't be able to influence market so strongly. I really hope that the crypto investors became more autonomous and don't follow every word Elon Musk tweets. It's only a matter of time for bitcoins to break the 100,000 USD level, but I hope it's not due to Elon Musk pushing bitcoins. Because if we be changes his mind than he could send the price back down very quickly again. Hopefully long term we will reach a more stable price for bitcoins that is not going to fall largely because one person is selling a large position.
1724  Economy / Gambling discussion / Re: Parents And Their Children In Gambling.. on: October 16, 2022, 08:20:27 AM
It is a much discussed topic and probably also quite a big and social problem in society today. More and more children are gambling and how do you deal with this as a parent? There are also many children who know how to keep this well hidden. And at what point do we still speak of children? Someone who is 50 and has a son who is 30 who gambles is officially also a child. But that is different from a minor child who is already addicted to gambling. The only positive thing about underage gambling is that sites do not allow you to create an account if you are underage, you could still play with bitcoins. But otherwise you can only gamble reasonably innocently until the age of 18. Then you are talking about poker with your friends for fun for example.

I think this is the worst if children are gambling and not telling their parents. Even when you are not a minor anymore it feels wrong to hide your gambling activities from your parents and your friends. It's one thing no not tell them, and it's another thing to lie to them to try and make them believe you are not gambling at all. All the children in my family are still young and below 10 years, gambling is not an issue yet, but it will be eventually. I know that my brother in law likes to gamble to and we sometimes talk about it. My parents don't really like it but they accept it and we can talk about it openly. It's the same thing I want with my children as well. It's so much better to talk openly about something than banning it for our kids and not knowing it they will follow the ban or not. Eventually our children will make their decision alone and we can't influence them forever. In many countries is gambling part of the culture and its nornal for kids to be curious. I still remember how I was with 15/16, you see the casino life in movies and want to give it a try yourself.
1725  Bitcoin / Bitcoin Discussion / Re: Bitcoin vs Altcoins? on: October 16, 2022, 07:56:13 AM

Just wondering if everyone invests in Bitcoin or is it worth just focusing on strong altcoins that can 20-50x in the next few years?


In my opinion you are doing the right thing, keep buying Bitcoin with the DCA method. The price level of bitcoin at the moment makes a lot of sense and over time your bitcoin holdings will grow. I am also using the DCA method and think it's the best approach. Don't sell your bitcoins into altcoins, that's way to risky. There is no guarantee that an altcoin is actually going to make 25 or 50x return. You could also lose all your money. Bitcoins is a much more safe investment that should be part of any crypto portfolio. If you really want to invest in altcoins then you could reduce your new bitcoin purchase and split it between some other coins. But do keep holding the bitcoins you already own.
1726  Economy / Gambling discussion / Re: Chinese version of Metaverse will be great for meta casinos. on: October 16, 2022, 07:48:09 AM
Just this weekend I read that the metaverse from Zuckerberg had only 38 active users at one point, which is an insanely low number for a 15bn USD project. Not sure if the is legit, I have no VR setup at home and don't want to check out any new social media platform from Zuckerberg. Among my friends and family nobody is interested in the Metaverse. If there are no active users than the project is doomed. For me the only way to get into VR and the Metaverse would be for gambling, but I don't think Zuckerberg will focus on gambling. That's a great opportunity for China, they have a much larger consumer market and if they can manage to integrate gambling successfully then it's going to be a big hit when more people use VR. The only issue I would have with Chinese meta casinos is that they like to restrict foreign currencies and might make using crypto currencies impossible.
1727  Economy / Economics / Re: Meta has burned $15 billion trying to build the metaverse on: October 16, 2022, 07:29:40 AM

I always thought that Metaverse is a stupid idea, it can only succeed when VR is massively popular, which it is not right now. Zuck is trying to put a cart before the horse.



I thought so myself, this metaverse project makes no sense at all. Why would anybody use it in the first place? Even if everybody had a VR setup at home, would you really be using the Zuckerberg metaverse or a different company? I am pretty sure there is no way he is going to turn the project around. So much money invested in that project and nothing to show for, the graphics are bad and there are no active users. At this point it would make sense to abandon the project and write it off, maybe get some tax benefits for failed developments. It's one thing to not have enough VR setups with customers, another thing is the brand name of Zuckerberg. I don't think there will be another success company like Facebook it its good days now from Zuckerberg. Many customers are very sceptical when it comes to another social media experience from Zuckerberg.
1728  Economy / Gambling discussion / Re: Is It An Easy Transition From Gamer To Gambler In Casino. on: October 15, 2022, 02:18:45 PM
Gambling is a game, its just a different background and emphasis to its gameplay.   Some games I've played you are partly gambling anyway or part of the game is a gamble though its usually around aesthetics rather then winning or losing the game.  People take gambling a bit too seriously I think, I understand wanting to win but it is a game in effect and you will pay a price to play it.  Accepting the game, its rules and the bias there is towards paying something for the experience of playing is most realistic then believing any delusion its about making money; at the very least you must master the game before considering any profit possible not the other way round.

If you think that gamblers take their casino games to serious, you would be surprised how competitive and toxic high ranked games in Dota or CSGO can be. I have played both games excessively over the last 6 years and its sad how fast a normal chilled game can turn into a group of angry people shouting at each other. These are games to have fun with, there is no prize money or any other monetary benefit for winning or losing a game. And still people become extremely serious and toxic in online gaming about minor mistakes. A bad fight or losing an important round can bring out the worst in people. When it comes to gambling I can understand that people take it more serious for real money that is involved. Especially if you gamble with more money that you can afford to lose it becomes emotionally frustrating. I would say that someone who becomes easily angry at online gaming should be careful when switching to gambling. Having your emotions not under control will be even worse when you have a bad day in a casino.
1729  Economy / Gambling discussion / Re: [Survey] Do you still play or stop the game? on: October 15, 2022, 02:07:18 PM
If you are playing gambling for example slots and you double money with just a couple of bets on very early part of your game. Will you stop already or continue playing to earn more?


Usually I am not so lucky like you at the start of my gambling session. Doubling your money very early in a session is a great thing and only needs a little strict behavior from you to not lose any money. What I would do as soon as I double my money is to take my initial starting money back out and only keep gambling with my profit. Like this you guarantee to not lose any money on this day, and if you keep winning more money I would take out a part of the profit as well. When it comes to gambling it's important to protect our bankroll. Whenever there is the chance to make a profit I would take it. This doesn't mean to stop gambling all together, just saving some of our winnings up protect the bankroll.
1730  Bitcoin / Bitcoin Discussion / Re: Bitcoin and Inflation and why bitcoin? on: October 15, 2022, 01:47:14 PM
The funny thing of 2022 is that none of the traditional asset classes protected us from the rising inflation so far. Stocks were hit pretty hard and are down 30% on average, usually stocks can atleast partially withstand inflation pressure, not this time. Bonds were also a bad investment because of the rising interest rates. And even gold the number one inflation hedge back in the day is down considerably from its 1900 USD levels. Investors must have all swapped into cash, what seems as a pretty bad idea with inflation rates at 10%. With that in mind bitcoins and other crypto currencies is one of the few good ideas to protect ourselves from inflation. The price drop we saw over the last several months is giving us good entry prices to top off our holdings. I rather trust in bitcoins than in gold or silver to protect our money from inflation.
1731  Economy / Trading Discussion / Re: Day trading on: October 15, 2022, 07:30:58 AM
I got 20 years in stocks trading and 5 years in Crypto, trust me that you don't want to do day trading you will end up losing all your money

Even with 20 years of experience in trading you lost all your money? Sorry to hear that. Risk management is of one the most important tools when it comes to trading in my opinion. I have less experience than you and also had my share of big losses in the past. What I learned from losses is that is more important to avoid losing money than to chase the biggest returns. It doesn't matter if you make 5% or 10% return on your investment if you lose all of it in a few weeks. The best thing that helped me to go broke again was diversification, I am splitting my money across different asset classes and never invest all of it only into one trade. The broader our portfolio the higher the chance that some positions will be in the green when other positions are tanking. Day trading is nothing for me anymore, because I don't have the time to be successful at it. Without spending enough time to do research and constantly evaluate your positions it doesn't make sense to trade every day. My personal investment approach is more long term as I have to spend a lot of time between my normal job and my family. You need to find the best approach to trading that makes you comfortable and where you make money long term, if you are not happy with day trading anymore take a break from it.
1732  Economy / Gambling discussion / Re: Gambling, tourism and legal gambling age for gamblers around the world. on: October 15, 2022, 07:11:51 AM
An interesting question is, If the younger person wins the lottery from the gifted ticket, will the state agree too pay them or wait till they come of legal age??

I am pretty sure the lottery company will have to pay no matter what. As long as the ticket was bought by a person that is at least 18 years old there is no issue. I remember me and my sister got a one year lottery ticket from my uncle for christmas. We had a fixed number that we could check every week for possible winnings. In 52 weeks I managed to win two times a small amount, and even though I was only 14/15 years old back then I had no problem getting my winnings in the shop without my parents. Winning the jackpot would be very different of course, for the millions you need to directly contact the company and even decide if you want all the money at once, or fixed monthly payout. For that you definitely need your parents to sign the contracts in your name. But the lottery company can't withhold the money from you. So far my gambling highlight was in Las Vegas, seeing all these amazing casino from the inside was an great vacation and I hope to go there again eventually. My next gambling vacation is going to be in Macau, I really want to see the difference between the Asian gambling atmosphere and the European/American one.
1733  Economy / Economics / Re: Reasons you will remain broke as an adult on: October 15, 2022, 06:42:50 AM
CONCLUSION
Most time we blame our government and economy for being poor. Although they contribute largely to the masses poverty but we also need to work on ourself to make a difference out of the bad economy.

The biggest problem I see that hinders us from becoming rich, is that the living expenses are rising faster than our income. You made a lot of good points in your post that can help us to save money as an adult. But the big issue is still that our expenses are growing once we get older. We need more money for ourselves to cover medical costs and save for retirement, then we also need more money for our family to support our children or parents. Giving our kids the chance to go to university requires savings, same for helping our parents to find a good retirement home. All the costs keep rising a lot once we are get older, while our income usually only rises 1-2%. That means we need other sources of income to offset these additional costs. Having an investment portfolio seems like the best idea, investing in different asset classes like stocks, bonds, crypto currencies and commodities. The broader and better diversified our investments, the higher the chance we make a decent return overtime. But if we don't start young to build up our portfolio over time it's going to be hard to get enough capital later in life.
1734  Economy / Gambling discussion / Re: Split the prize or Reroll? on: October 15, 2022, 06:32:34 AM
Let's say you join a give away with other user and both have to select a number between 1 and 10, you go for 7 while he goes for 9. The winning number is 8.

If the prize is 0.1BTC what would you do? Split the prize and walk away with 0.05 or Reroll to gamble for the full prize?

Looks like I am part of the majority that would split the prize with the other gambler instead of rerolling. Usually I am very competitive, but when it comes to gambling I am all about sharing the profits. From my past experiences I know how hard and frustrating it can be to make a profit in gambling. If I have the chance to take a profit and quit then I would do so, if my fellow gambler also gets a profit from it it's great. This would also save from the case that I go for the reroll and lose, then the other user would get it all and I would feel terrible. 0.05BTC is still an awesome winning amount of almost 1k USD today. No need to be greedy and get nothing in the end.
1735  Bitcoin / Bitcoin Discussion / Re: Will digital dollar be a threat to bitcoin? on: October 15, 2022, 06:16:33 AM
   Do you think with the level of civilization in the united states, that the digital dollar will be successful?

I do think that the digital Dollar is going to be only moderately successful, similar to the digital Euro. These digital currencies are not in a direct competition with Bitcoins and other crypto currencies in my opinion, rather competing against other Fiat currencies. The main idea behind cryptos is to not be influenced by governments and be independent from national central banks. With the digital Dollar this is not the case, it's another from of the Dollar that is controlled by the FED. As long as politicians can decide to print money freely there won't be crypto investors switching into that currency. Another factor that is making the digital dollar less successful is that the world is trying to move away from the US Dollar as the number one reserve currency. Most of the international trade is still being settled in USD, which creates some demand for the digital Dollar, but the world is moving more and more into bilateral trade bypassing the dollar.
1736  Economy / Economics / Re: Switching The World To Renewable Energy Will Cost $62 Trillion on: October 12, 2022, 03:07:59 PM
In general switching our energy sources to renewable energies is a great idea, it would help to stop global warming and let's us live a more responsible lifestyle. The problem is that we need to be able to afford it and not ruin our economy with. 63 trillion USD is an insane number that there is no way the world can pull it off at the moment. Most countries were still hurting from the covid pandemic when being dragged into the rising energy prices/inflation crisis. Most targets to reduce co2 emission where set during economic boom times and not during recessions we are facing now. The world is waking up now, investing more into the defense sector and is going to slowly move away from renewable energy targets. Focusing more on atomic energy is one alternative. The main issue for me is that the world is not working together on this. It makes only sense to reduce fossil fuels when all countries follow the same plan, otherwise countries work against each other and try to profit from the savings of another country.
1737  Economy / Gambling / Re: Do you visit the casino while travelling? on: October 12, 2022, 02:45:47 PM
Today Im thinking if visiting an offline casino is out of date or still a good place to visit while travelling?
Do you visit casinos when you travel? How often? Which ones?
Let's remember of old good times Cheesy

For me it's a definite yes. When I am travelling with friends and there is a fancy casino in the city we are in, we will definitely go there one evening and spend some money. Physical casinos have a great atmosphere and flair, that makes a good night out. Even when you only gamble a little it can still be fun to visit a casino. Usually there is very good food and affordable drinks in a casino and you can watch other gamblers play. It's been some time since I went to a casino during a vacation trip because of the covid pandemic. Before covid I used to travel one time per year to Prague or Amsterdam with 2 good friends and part of that trip was always to go to a local casino. A vacation trip is not a bad idea in general, because they usually have great hotels that are much cheaper than usually. If everything goes well I might be able to go to Macau next year, it's one of my dreams for a long time.
1738  Economy / Gambling discussion / Re: 🕹️ Esports 🎮 Prediction & Discussion Thread on: October 12, 2022, 07:28:54 AM
We are being treated with a small CSGO tournament this weekend, ESL Challenger Rotterdam 2022 is happening between 8 teams. This is a great way for the professional teams who are not at the top to get a shot at a final and make some decent money. With the price money of 100,000 USD it is still going to be competitive. I am mostly interested in that tournament because of Mouz, one of my favourite CSGO teams from back in the days. They are playing their first match on Friday against South African Nixuh clan, which is going to be a good win for Mouz. A second sure win should be ENCE vs TeamOne on Friday, ENCE being a strong team as well is bringing that game home. Both MOUZ and ENCE seem like the clear favourites to win this one, but with LAN best of 1 games there can always something unexpected happen. The closest game on Friday will be between Movistar Riders and Eternal Fire, I expect Xantares to carry it for Eternal Fire.
   
1739  Bitcoin / Bitcoin Discussion / Re: Now is the perfect time to invest in Bitcoin on: October 12, 2022, 06:52:08 AM
Bitcoin price is currently 19302 dollars but the possibility of Bitcoin price increase from here is very high.And I think Bitcoin price in 2023 Chances of reaching $100,000 per year are very high so if one wants to invest then now is the best time to invest in Bitcoin.

If you invest at this time then you will definitely be able to reap huge benefits as I believe that Bitcoin price will increase greatly by 2023.

Bitcoins are definitely cheap right now compared to one year ago. I agree with you that it's a good time to buy some coins now if you have spare money that you like to invest. The problem many people have at the moment is that they don't have a lot of free money to invest in. Both rent and food prices have been rising a lot since the covid pandemic, while income didn't rise at the same rate. What makes you think that we are going to see prices above 100,000 USD next year? I am also optimistic when it comes to crypto currencies, but the economic forecasts are not that good for 2023. Many countries will see inflation numbers around 10% next year which is going to make everyday life very difficult. Less money to invest also means less demand for bitcoins, which will keep the price low. In my opinion it all comes down to if we the energy crisis will be fixed, otherwise we are not seeing a new ATH for bitcoins.
1740  Economy / Gambling / Re: Cashback VS Bonus on: October 11, 2022, 02:06:39 PM
Hey guys. Apart from winning let's talk about loosing  Wink
We all have bad days...
So the question is...if you loose many times in a row, what would you like at most - a cashback from what you've just lost or a bonus to go on?

That's a tricky question, when I am gambling and on a loss streak my brain likes to tell me all I need is one more round to recover all my losses. This is of course not true, gambling rounds are not connected and only because I lost many times it's not a guarantee to win. In such a case it would be nice if the casino gives me a few bonus rounds to continue gambling. Realistically speaking I would probably be losing the bonus rounds as well and not recover. Cashback seems like the more rewarding option, because you have more cash for your next session. I really like the poker approach that many casinos have, where you build up rake during the week and get it paid out at the start of the next week.
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