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181  Economy / Gambling discussion / Re: Do you stick to some Casinos or do you try out new ones? on: February 18, 2024, 08:41:37 AM
what do you think?. Do you believe he is right with the rigid approach to gambling?,  also should I continue convincing him  to try out something new and enjoy these great offers?.

I think that it's fine to try out new casinos from time to time, but I wouldn't start jumping casinos every week just to try and take advantage of all the newcomer bonuses. At least for me it's nice to stick to my regular casinos, because I know they are legit and I don't have to worry about getting scammed out of money. When using a lot of new casinos the risk is quite high to get to one that is not legit. Welcome bonuses are nice if we can fully take advantage of them, but having a reliable casino with a quick support team that resolves any issues is valuable too. Which is why I would only try out new casinos with a small amount and don't risk a lot of money. For any bigger bets and gambles I would stick to my casinos where I have played a lot in the past. My friends I would tell the same thing and tell them to be careful with new casinos where there are no reviews yet.
182  Economy / Gambling discussion / Re: Why in some religion gambling is forbidden? on: February 18, 2024, 07:52:51 AM
When we talk about religion we cannot dine the forbidden things like alcohol, prostitution and many other things in this topic we will discuss why do gambling is forbidden (Haram, interdit) .
So can you tell me why is it forbidden in your religion?
And for the non religious persons what you think ?

That is a good question. In my religion gambling is not forbidden but it also not encouraged. A good person shouldn't be gambling with money and also not consume too much alcohol, so I am probably a sinner in my own religion. Luckily I am not a religious person and don't take the Bible at face value. My grand parents where really religious, but among friends I don't know anybody that is religious and goes to church regularly. The books where written so long ago and we now live in a completely different world that I feel like we can't be forced into a type of life by them anymore. Looking back at religion in the past o feels like it was used to control the people. We should focus more on enjoying life at the moment and not pleasing our local priest. For me gambling is fine as long as I don't do anything bad to get the money for gambling. Stealing to have money for gambling is wrong, and so is lying.
183  Economy / Economics / Re: Has everyone become too pesimistic about the economy? on: February 18, 2024, 07:40:13 AM
I'm a pleb like most of you, and I too have, many times, become pesimistic about the economy in general and in what's about to come. But has anyone ever considered that,

- The economy is not going to crash into a recession
- That there will be an actual soft landing
- That the Russia - Ukraine war will not escalate into a European war
- That Gensler CAN'T truly ban crypto
- Institutional investors will come back and take Bitcoin to six digits

I'm probably missing more narratives, but you get the idea.

This thread from mid 2023 did pretty well in not believing into all these negative news are facing for years. Except for the last part with a Bitcoin price above 100,000 USD all the points seem to be true and the world didn't collapse yet in a downward spiral. The Russia Ukraine war is still ongoing, but not swapping over to other countries. Inflation seems to have dropped back down to lower levels and the world economy avoided a recession. Even the war in Israel didn't push the world deeper into a world wide crisis. Both stocks and crypto prices recovered a lot in the last few month. So any pessimistic investor from mid 2023 did very poorly. It pays off to be optimistic and any hodl investor did very well. It's better not to fall into panic sentiment as many newspapers are promoting, for them it's a business strategy because bad news are selling better.
184  Bitcoin / Bitcoin Discussion / Re: STOP telling people how much Bitcoin you have on: February 18, 2024, 07:23:07 AM
I just wanted to share a piece of advice that I learned early on from Andreas Antonopoulos (if you don't know whom this is, I highly recommend looking up his YouTube page and watching his videos and or reading his book Mastering Bitcoin) never tell anyone how much bitcoin you have.  Andreas use to say it's not our job to teach everyone we know about bitcoin, letting them know we own some "Let that be my job" he would say.

I see so many people that come around here sharing how much bitcoin they own...don't.  Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own.  Being transparent about these things can be harmful to you in a multitude of ways.  As an advisor this is something I tell my clients all the time.  Your financial info is private and should always remain that way.  I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

Personally I really enjoy reading success stories here on the forum. It's nice to see how other people got into crypto currencies and how they overcome their own struggles. For me these stories are not really so much about how many bitcoins someone owns today, but rather about people that believe in something and follow their strategies. If someone takes the risk of buying bitcoin than he should also be rewarded for that. I am not going to look at someone differently just because he owns 10 bitcoins and is bragging with that publicly. It's the same like meeting a person that directly tells you he is a millionaire, this is not something I care about and I don't see any benefit of sharing that information publicly. Because I don't even know if the information is true, and if it's true then this just puts a target on your back. There might be people that want to take advantage of your wealth and this could lead to big problems.
185  Economy / Economics / Re: Is increase in minimum wage a good method to fight inflation? on: February 17, 2024, 03:33:01 PM
Over time, I've heard discussions about inflation and the rising cost of goods and services across almost every sector on the world economy.
However, suggestions have been made in various ways on how best to tackle the menace called Inflation. Recently I have personally thought that one of the ways to fight inflation in an economy is to increase minimum wage. More so there has been a back and forth argument on these, as some persons argue that the increase in minimum wage will rise the bar on commodities, because they feel hence you increase the purchasing powers, it will have a multiplier effect on the economy which might be challenging.

So guys, is increase in minimum wage not a good measure to fight inflation. Let's have your opinion.

No, I don't think that increasing the minimum wage is going to do any good for the inflation, because the business owners are not going to pay their higher employee salaries out of their own pockets. All additional costs for the business will be added on top of the product and handed over to the consumer. This is just going to make products more expensive and put more money into circulation. The employee itself has more money to pay for all the expensive products and there is no pressure to lower prices again. In my opinion it would be a better approach to make it easier for competitor companies to enter the market and put more pressure on monopol business. New competition is going to push the prices down again and lower inflation. Unfortunately I don't see politicians doing it and are more concerned with handing out gifts to secure their next election.
186  Economy / Gambling discussion / Re: Most challenges faced by gamblers on online casino platforms? on: February 17, 2024, 09:01:53 AM
Hey Gamblers
So I am thinking of this.  What is the most challenges faced by gamblers on online casino platforms? Below are some key issues I've noted:
  • delayed payment
  • withdrawal rejection
  • can't access the casino site
  • delayed response on request to withdrawal winnings
  • deposit not credited to the customer's account
  • ambiguous withdrawal conditions
  • winnings disappeared from the customer's account
  • delayed account verification
  • account closed without explanation
  • account hacked

Let's talk about this and share mutual experiences and how we sorted it out

This is a good summary of serious issues that gamblers can face when visiting online casinos. I would say that when it comes to new casinos without any track record and reviews available, all of these would be big red flags that let's me stay away from the casino. Since the online casino boom during the covid pandemic the landscape become much more competitive. We have now so many different casinos that all offer very similar games that it becomes important to make sure the gambler is not disrupted in his gambling experiences. All of your issues above are serious that shouldn't happen anymore in today's world and we as gamblers shouldn't accept them. Online casinos evolved a lot in the last few years and should demand the best possible services. Relying on trusted and well reviewed casinos is important and is going to make the online gambling experience more safe. In case we ever share such negative experiences it's important to share those stories online so that we can warn other gamblers. There shouldn't be any place left for suspicious casinos to operate and take advantage of gamblers.
187  Economy / Gambling discussion / Re: Blue card to be introduced in football. on: February 17, 2024, 08:46:51 AM
There is  these news going round about blue card sin-bins that is said to be introduced as one of the rules in football.
Basically the whole idea of this blue card sin-bins is to punish players that have committed foul against another player, so when the referee shows you blue card, you are to go outside and stay for 10 minutes while the game will still be going on, you will remain there for 10 minutes then you come back afterwards and continue with the game, however this does not take the place of yellow card and the red card.

Locally in my country Nigeria we used to do this for small goal post that is normally called monkey post, if a player tackles his opponent wrongly, we used to tell the prayer to go out and stay for some minutes and then come back, because it's most times a five aside game, so we don't usually use cards. but seeing these rules wanting to be introduced on the international scene surprises me.

So guys how do you see this new intended innovation, is it going to change the face of football across the world, let's have your opinion.
https://www.telegraph.co.uk/football/2024/02/08/blue-cards-to-be-introduced-for-football-sin-bins/

First time I am hearing that the blue card will be finally introduced to football. This is definitely going to change the game a lot in the future. Red cards are not that common, in most games it's 11 players vs 11. Depending now how often the blue card is going to come into play the teams will have to adapt a lot. If this card is being used as regularly as yellow cards than this will be huge. Being down one player for 10 minutes can change everything. It depends a bit which player it is, but if your star striker sits on the bench then there won't be a lot of pressure on the enemy goal for a while. If it's your main defender, then there will be a big whole in your defense and you will likely fall behind. As long as all leagues adopt the card at the same time it will be fair for everybody and teams should adapt quickly. I am going to look forward to the world cup with a blue card.
188  Economy / Gambling discussion / Re: Do people truly risk their money on bets for profit? on: February 17, 2024, 08:37:30 AM
I came across a recent topic where the op was saying over 80% of gamblers gamble to make money and I had to have a dip thought on that and was curious as to know if there are possibilities that people gamble just for the sake of answering the name gambler?
Nearly eighty percentage of the gamblers are doing gambling for the money making.
From my opinion, I think there isn’t any need to stake or risk one’s money on a game simply because you want to catch fun when you could simply not risk your money and still have fun while watching same game.
I don’t know if I’m really staying my points well but I wish to know if people really have to gamble without intentions of making money?

I think this really depends on the personality of a person. Some people enjoy watching sports games and would never think about betting money on these games. Then there are people that are looking for more excitement and thrill and willing to bet on every game they watch. And then there is the category of gamblers that believe they have an advantage over others and want to make a profit from their bets. Most of us will likely be a mix of all those. Personally I am not going to bet on every match that I watch, but I find it more interesting if money is involved. Especially on big tournaments where the champion is not directly clear in the beginning, it's very exciting to have some longer lasting bets. People who follow their sports a lot and have deep insights can definitely make money from it, but I don't think it's 80%.
189  Economy / Gambling discussion / Re: Do you believe in gambling experts predictions? on: February 17, 2024, 08:17:16 AM
No risks at all at the side of these predictors. If they correctly guess the picks, then easy profit. If they are wrong, they will just move on to another pick. Easy money for these predictors. But what I'm more concern is, why there are people who still believes on that?

There are good at analysis but it's another story if we talk about, guessing the right bet. In sports betting, it's not just that we pick and analyze, as of course, we should maximize the potential of our analysis by taking a good odds and not just to stay at considered safe odds where profit is not that much.

I agree with, the predictors have an easy game of they don't bet on their own predictions. I would always like to know how these experts make their money, is their most income coming from people paying for their predictions or from the predictions itself? For me it's a basic payoff analysis if it's worth it to pay for such services. We can calculate our average profits before using any services, when we did our own analysis and compare that to the profits we make with the help of the experts. On the one side we need to take into consideration that we have to pay the experts, and on the other side we also save time because we don't need to do our own detailed research anymore. For me these services never really paid off.
190  Economy / Gambling discussion / Re: 🕹️ Esports 🎮 Prediction & Discussion Thread on: February 17, 2024, 07:39:33 AM
This weekend 3 games of the initial Swiss rounds of the PGL CS2 Major Copenhagen 2024 Europe are still being played. The top teams all already qualified and now it's up for the B teams to qualify directly or go into the Last Chance Qualifier matches. There is definitely some pressure there as it's going to be the first big major in CS2. The last chance qualifier matches are going to be played next weekend. The first match today is going to be 9 Pandas vs AMKAL, two teams I barely know anything about. It's two Russian teams playing against each other and I haven't watched a match yet of either of the two teams. Based on the bookmaker quotes the two teams are very similar in strength and it feels like a coin flip. Better to just skip that match and focus on the other two. The second match is going to be fnatic vs SAW, fnatic was a very strong European team several years ago but struggles since the old roaster stopped playing. Usually, I would have put my money on fnatic, but the Portuguese SAW team managed to beat NiP 2-0 this tournament and I think they can beat fnatic today. The last match of the day is Eternal Fire vs Bet Boom, where I don't see any chance of Eternal Fire losing that match. I am still a big fan of XANTARES and think he will carry his team to victory. Eternal Fire managed to beat NiP as well and only lost very closely against G2, they should be winning today.   
191  Economy / Gambling / Re: What would you like to ask a crypto casino owner? on: February 17, 2024, 07:22:20 AM

I think the interview will be more interesting if I add questions that other gamblers are interested in to my questions.

So, if you would like to ask anything, drop your questions here.

The interview will be posted here, so you won't miss answers to your questions.

That is a cool idea, I am looking for forward to the interview. Is it going to be a video? Are me maybe able to see the the casino owner in the video, or just hear his voice? I expect many fellow gamblers to be interested. Disclosing the crypto casino name is a bit tricky I would say, one side you want to give the owner a platform to promote his business, but on the other side you don't want to create any issues for his business too. Anonymity in the crypto world is not only important for the gambler, but also for the casino owners. Questions I would like to ask would be:

- How long did it take from the beginning of the planning process of the crypto casino to finally being open for business? 
- Was there a long period of struggling in the beginning, where the operating cost where higher than the profit from the casino?
- Long did it take to really become a profitable casino business and how much money of your monthly revenues do you need to set aside for promotions and advertising?

I know he probably won't be able to answer in detail here, but maybe he can give some rough estimates to get a better understanding how difficult it is to open your own casino.     
192  Economy / Trading Discussion / Re: Questions about perpetual trading on: February 17, 2024, 07:02:24 AM
Hi everyone,

I have 2 questions about perpetual trading:

1/ If I don't use leverage (i.e. x1) do I risk being liquidated if my trade doesn't go in the right direction?

2/ If I don't use leverage (i.e. x1) can I keep a BTC contract, how can I do this in the Spot market?

Thank you

There is no risk of being liquidated in the spot market. You own the underlying coins and hopefully keep them stored safely outside of the exchange. There is no contract that says you lose everything if the coin drops 50%. So as long as you are not actively selling your coin you are not realizing any loss. The only situation would be when the project is discontinued and removed from the exchange. You might not be able to trade anymore and the exchange liquidates any existing coins. What exactly is a BTC contract? If you are trading with x1 you should be buying bitcoins directly. It's not a contract, you own the coins and nobody can force you to liquidate your coins.
193  Bitcoin / Bitcoin Discussion / Re: How do cryptocurrency increase the standard of living on: February 14, 2024, 08:03:31 AM
Knowing fully well that there is so many uneducated people around the world, how can cryptocurrency increase the standard of living

The main advantage of crypto currencies is that it offers the consumer an alternative to traditional banks. We can finally escape the fiat money system on a global scale and are not forced into using bank services anymore. I do like both bitcoins and banks, because the bank is where I get my monthly salary in and from where I pay all bills. And bitcoin is where I save my money for long term investing. It's not really possible yet to choose between the two, because there are very different for me.  Banking is a tool that I need to use every day and there is no way around it, Bitcoin is something that I believe in and hopefully one day will become the standard for everybody.  When it comes to paying bills and using money everyday bitcoin wouldn't really be efficient in the current form. On the other side when it comes to investing I would never invest in a bank itself. Their business model is highly dependent on general interest rate and a big crisis could trigger a bank run. So, crypto currencies is a system I believe in and bank not anymore. In the future banks will lose more and more business and become less relevant, whereas crypto currencies gain more importance and will take over eventually. We will increase our standard of living by being the early adopters.
194  Economy / Gambling discussion / Re: How my gambling life started. on: February 13, 2024, 06:11:54 PM

Time goes that it becomes unusual that we began to feel offenced and rebelled that we as relatives(1 family) are extorting from each other without empathy for one another and then, we unconciously grew wild developing in sentiments, greeds and taking it as an avenue to make profits.
Alongside, it was more of serious business than the just fun.

Then the casino and other online bet platforms was introduced in time. This was how I was exposed and my begining of gambling life!

I think this a common way how you start with gambling. In my case it was very similar, before I was even 18 I started with friends to play cards for money. We only used cents at first and later limited the buy in to 5 euros. Like this it still remained a friendly game and nobody lost a lot of money. Adding money to our games made everything more interesting and we all really enjoyed it. I am really glad that among friends it didn't ended in greed and rivalry. The most important thing was to stay gambling with very small amounts, otherwise it could have ended in a lot of trouble. Once we were 18 it was more about gambling at casino and joining online poker games or playing smaller tournaments.
195  Economy / Gambling discussion / Re: Where Do You Want To Go To If You Win $2 million On Lottery on: February 13, 2024, 05:59:54 PM
So if you happen to win an equivalent of $2 million in your currency, will you move out of the country, from the article I posted and the poll I created from where country you would like to move to in case you win $2 million, you also have the option to stay in your country and why?

I prefer to stay in my country, because the living cost is very cheap here in my country, $2 million is very much enough for all my family up to three generations and I can even help my country by setting up businesses.

I am the same like you, I would prefer to stay in my country and celebrate with my friends and family instead of making any luxury vacation. It's fine to treat myself and my loved ones to a little bit of luxury, but 2m USD is not enough money to retire. It's definitely a life changing amount that I would like to rely upon for the rest of my life. When it comes to lottery winnings I have already a plan on how to deal with it. After hearing about so many big lottery winners that ended up broke because they spent too much money, I would be very cautious. Instead of using the lottery money itself I would rather invest it in crypto currencies and stocks and only use the dividends and profits to treat myself and my family. Like this I can ensure to leave something behind for my children.
196  Economy / Economics / Re: Another war in the Middle East could be dire for the economy on: February 13, 2024, 02:25:51 PM
Over the past few decades, the rise of terrorism around the world and the power and economic competition between developed countries have intensified overall inflation.The way of superpower countries are exercising their power with it, the less developed and developing countries are suffering extremely financially.Those countries suffer from severe inflation. In the past decades, the world has seen several wars and its terrible consequences are known to all.
Oil prices are up due to recent unrest in the Middle East. And oil is one of the tools for the economy of the world.

If this warrior situation is not calm then what is the worst course for the people of the world.
Looking forward to thoughtful feedback. How Bitcoin can help in this case. I think Bitcoin is the strongest currency in the world

War might be terrible as whole for humanity, but there plenty of people profiting of it. In case there was no profit in wars then we would have much less of them. Just look at the big profits of armament companies in the last years. Wars are usually terrible for the losing countries and not so bad for the winning countries. The loss of life is terrible, but for the economy there can be positive impacts from war. Inflation is terrible for the consumer, but a nice argument for the companies to increase their price. The Russia Ukraine war was the perfect excuse for so many corporations to increase their prices that weren't even affected by it directly. We had record earnings in the last two years and most stock indices of western countries are performing exceptionally well. With all the crisis going on I would expect the world to do much worse, but the economies are coping well, only the average consumer is struggling heavily.
197  Economy / Trading Discussion / Re: Do You Believe, "Passive Investors Make More Than Active Investors?" on: February 12, 2024, 08:40:21 PM
I've been watching many YouTube videos on how to make lots of money through day trading.
Those videos are quite impressive and compelling.

However, I've read what Warren Buffet (an American businessman and philanthropist, widely considered the most successful investor of the 20th century) thinks about short-term investing, which is quite negative.
By the way, he also thinks BTC has no intrinsic value and cryptocurrency is just gambling.


I am a bit cautious when it comes to YouTube videos about profitable day traders. It always feels a bit like the guys are looking more for earning through their videos and advertising than through actual trading. Warren Buffet is one of the old school value investors that believes in longterm growth and will only buy into companies where he gets a decent return on his money. Dividends are a big part of it and he wouldn't engage in any trading. Also Warren Buffet is a completely different position than the average trader. His company is massive and when invested in a company it's going to very big positions that he acquires. It's not going to be one trade that will fill his order and there are also many people that follow his investments and would immediately buy the same position. The same problems he has when getting out of trade, all the other investors would probably want to get out as well. So, day trading is not suitable for Warren Buffet, which doesn't mean it's not working. There are enough traders that make money with it, also long as you don't over trade and accumulate a lot of transaction costs.
198  Economy / Economics / Re: Financial education and why it should be a priority. on: February 12, 2024, 06:51:28 PM
Financial education is a skill that is not been taught in schools, but to me it's the most important subject a man must learn in other to be financially independent.
This knowledge gives you smart money making decisions, and it improves your standards of living, It gives you priceless money management skill, you can't spend more than what you earn as a financial literate.
I still don't know why it's not been taught in schools up till now.
The  rich dad poor dad by Robert kiyosaki explain all what it entails and the stability it gives financially.


I fully agree with, financial education is a topic that has forgotten by schools for a long time. So many young adults are struggling with making their income work while paying back student loans or other debt. Including financial responsibility as a course in high school could change a lot the later lifes of kids and would teach kids tools they could use for the rest of their life. Especially the topic of long term saving where the interest is reinvested every year makes a lot of sense and could lead to big payouts when started early enough. It wouldn't even need to be a long course, a few hours per month could already make a big difference. Maybe even having a talk from a successful investor on how he started and what made him succeed could help children too. It doesn't have to be a boring class where only theory is taught. Using real world stories and examples would make it much more interesting.
199  Economy / Gambling discussion / Re: Have you seen gambling advertisements on TV? Opinion. on: February 12, 2024, 03:30:54 PM
While watching TV with my kid, I've watched various advertisements of gambling nature (let's say for example, Rummy123, RummyCircle, A23 Rummy, etc.)
These are all specifically Indian ads, but I'm sure you may have seen various gambling advertisements, some banners at boundaries when cricket is ongoing, even in any other sport. How would a kid ignore those things, they might just come and ask you about what is it. Till when can we lie to them? Don't you think that the frequency of such ads must be less in order to let the kids not get trapped into gambling and don't do it at such a small age?

I rarely watch TV with advertising these days, the rise of the streaming platforms also meant that I am really sensible to advertising now and will avoid it as much as possible. So, I am not really sure if there are many gambling ads in my country at the moment. What I do know is that there are a lot of other forms of gambling ads, like public posters, flyers or the most visible ones are on the side of cars. Because of all the casino lights and the pictures are usually taken at night the ads look pretty cool. When asked by kids about them I think it's important to stay honest and not lie to them. My nephew is almost 10 and he gets very interested in new topics. I tell him that it's gaming for adults that involve money and you need to be 18. When he is still interested when he turns 18 I am happy to take him to a casino and teach him about the games.
200  Economy / Gambling discussion / Re: Have you ever introduced an elder gambler to online betting? on: February 12, 2024, 09:26:59 AM
As you can see, it wasn't only about gambling, but also about interacting with other people inside a real gambling environment, besides the technological experience not being so rewardable when compared to playing at solid, palpable physical machines.

And you, have you ever successfully introduced an elder person to virtual gambling?

No never, my contact with elderly people is rather limited and the few times where I meet a lot of elderly people gambling is not really a topic we talk about. Usually on the birthday of my grandmother there are quite a few elderly people that show up and I need to talk to all. If them. But the conversations are very one sided, because old people love to tell their own stories and it's hard to speak about anything else than the past. The only elderly person I knew well that loved to gamble was my grandfather. He was the one that introduced me to gambling and if he still was alive today I would introduce him to online gambling. He loved to play cards, machines, even roulette and for someone that struggles to walk a lot online gambling is a nice compromise.
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