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601  Economy / Gambling discussion / Re: I can’t cope on my own. What do you think I should do? on: October 08, 2023, 07:29:49 AM

According to the channel free games are limited and we can only enjoy for a month and now the month is almost over and only VIPs will be entitled to games when the month elapses. I have been having doubts whether to join the VIP zone because I don’t want to be scammed that’s why i want to know your opinions.

 What do you all think i should do?

That is hard a question to answer and you need to make up your own mind how much you want to be involved with sports bets going forward. Relying on other forum users to give advice here is a good idea, but we can't decide for you how much involved you want to be with gambling. Taking advantage of free betting tips is fine, the question is now if your monthly profit pays off to become a VIP member. It doesn't make sense for you to pay a monthly fee when you are not going to gamble regularly. The service needs to add value for you and cost you additional money. How about you first try to place some bets on your own again? If there is one special sport you like a lot and one particular league you follow regularly, then I would try to only bet on those matches where you have more knowledge and an advantage.
602  Economy / Trading Discussion / Re: Do You Use Crypto Signals? on: October 07, 2023, 08:48:30 PM
There are a lot of Crypto Signal Providers - about 5 of them are at the top of the list.
They claim 80% accuracy.
I googled reviews and I read nothing but good things about them.
If they were bad signals people would give bad reviews.

If they do have 80% accuracy, then anyone who uses them would become wealthy in a short time.
Do you use any crypto signals?

Without knowing anything more about the company behind the trading signals, I do think that 80% accuracy is way too high. Which such high confidence in your trades, you could easily become rich quickly. The question is where is that number coming from, maybe it's just from the marketing department to get more sales. When it comes to internet reviews by strangers I stopped trusting them years ago. A company can easily buy positive reviews and try to silence or delete the negative ones. I would rather ask around among my friends and see if anybody came across the company before. Technical analysis is a great tool to help identify trading signals, I have used them for many years now. Back in university when I first started out trading stocks I read some books and visited a seminar about trading signals. The whole field of technical analysis is so huge, there is a large number of different indicators and it's hard to choose the right ones. I mainly stuck to the signals that worked best for when trading stocks, but for those I don't need any third party provider, I can get them myself.
603  Economy / Economics / Re: What would you do in this situation? Invest or save? on: October 07, 2023, 07:00:32 PM

Would love to see your input or a better suggestion apart from the ones I pointed out above.

N/B
This is the typical situation a friend finds himself and we are just brainstorming in what best to do.

In case you are working to open your dream business and the 20,000 USD is mandatory, then I would definitely keep saving. Why risk your business to fail at the start, because you couldn't wait another few month? Assuming that you put in a lot of work to do the necessary research and that there is no time issue that requires you to act today, I don't see any issue saving a little longer. The only issue would be if you need to act today. For example, you need to the 20k USD for a franchise license and you have the perfect location that could be taken by someone else if you don't buy it today. In such a scenario I would ask my friends and family to lend me the remaining money. If 10 people give you 500 USD each than it's already enough. And if you tell your family and friends about your dream business they are going to help. Paying that money back after a year or two should be no issue with a successful business. Good luck on your business and I hope everything works out.
604  Bitcoin / Bitcoin Discussion / Re: Invest only in Bitcoin and never invest in shitcoin on: October 07, 2023, 06:33:05 PM

Although some people were pretty lucky to make alot of dollars from shitcoin, but mine didn't work out in any ways, so I would like you guys to shear your ideas on this an the possible solution.


At the early days of the rise of the crypto world the difference between meme coins and bitcoin wasn't as large as it is today. In my opinion it's wrong to disregard all other coins and only focus on bitcoin. The problem with bitcoin is that the market became quite large and mature, there are a lot of different investors and price changes are not going to be the same as they were in the early days. Expecting the bitcoin price to jump 100% in a few months is not realistic and if we are looking for such kind of returns then we need to consider other crypto protects. The big profits happen in the early stages of a new project before it's known all around the world. What has worked best for me was to put at least 80% of my money into Bitcoin and only use a small part to invest in more risky projects like meme coins. The high return possibilities of those coins also means that one successful investment is going to offset several bad investments.
605  Economy / Gambling discussion / Re: Lets discuss Poker on: October 07, 2023, 07:30:31 AM
Also let's share our experiences about Poker and tips/tricks which may help further improve our game.

Poker is one of my favourite game, I have been playing it myself for many years and also love to watch it on TV. There is a lot of great table talk during the old Poker After Dark Series and I learned so much from seeing the professionals play. The big poker hype from 2010-2015 let me play both tournaments in physical form and a lot of online poker. Afterwards I took a break from playing regularly, only to come back during the covid lockdowns where I got bored playing my usual games. The big difference between poker and any other casino game is that you don't play against the house, you only play against the players. There is no house edge, the casino earns a fixed rake per each table played. This make poker a great game to make money with, if you put in the required time to learn the game and get good at it. In my opinion, everybody should learn poker when they are younger. You can play it with friends and don't even have to use money with it. Just make sure that you don't jump directly at the high stakes tables. Poker has been around for so many years that there are many people who can play the game well and will take advantage of any beginner at their table. The important thing for any new poker player is to have a strict bankroll management, only play at the tables where you can afford to lose your buyin several times without getting wiped out. There can always be a losing streak and we need to have enough money to live through it.
606  Economy / Gambling discussion / Re: Getting paid on gambling accounts on: October 07, 2023, 06:53:42 AM
I made a mistake of getting paid for signature campaign in gambling platform accounts.
When I got my payment, I thought I would slowly increase the amount by about 5-10% before I initiate a withdrawal. But I quickly lost control of my emotions and ended up blowing the entire balance of my account. This happened more than once, it happened about 5 times as I received money from different sources.
It’s important for me to tell this story so that others don’t make the same mistake I did. This has been a huge life lesson in managing money and emotional self-discipline .

Why was your mistake getting paid directly in your gambling account? Doesn't it really matter if we first get crypto currencies added to our wallet and then deposit it at our favourite casino, or if it comes directly to casino balance. To me it seems to be more a problem for you to control your bankroll than where your money is being stored. Having all the money at the casino might be a problem if we really want to save some of our signature campaign income.  In the end we need to decide for ourselves how much money we want to gamble with each month. For that it doesn't really matter if the money comes from our signature campaign, our longterm storage wallet, or from new crypto purchases we are making with our regular salary. It's all the same money and we should have a plan beforehand on how to spend it. What works best for me is to have a fixed gambling budget for each month and don't have more than that budget stored at the casino. Learning emotional self-discipline is not only important for gambling, we also need it to be successful in trading and investing.
607  Economy / Gambling discussion / Re: Educate yourself to be a frugal gambler on: October 07, 2023, 06:37:50 AM
Play for fun. If you are not playing for fun, you are doing it wrong. Gambling should be done to entertain yourself only, and always remember that gambling is not a sound financial investment. I have witnessed the horrors of people who blow their kids college funds and life savings on gambling at a Casino. Don't be one of these people. Have a daily or weekly gambling budget and learn which games you like and how to play them so that you can actually have much more fun playing them than just winging any game.

Gambling doesn't only have to be played for fun, people can have more than one motivation when it comes to enjoying casino games or placing bets on their favourite sports. I agree with you that entertainment should be our main goal, because it's everything else we can't guarantee from gambling. Someone that only goes into gambling with the desire to make a lot of money will not likely succeed, which doesn't mean that this is not a reasonable motivation. Especially for people who like to bet on the underdog team in sports, or who bet on the 0 in roulette are looking for the high payout games. In my opinion it's fine to want to make a big profit with gambling, it's just that we shouldn't rely on it and expect it to come during one night. As long as we understand that the chances are higher for us to lose money than to make money, we are fine. Gambling is not a guaranteed method to become rich quickly, which doesn't mean that there won't be some lucky gamblers that will achieve it.
608  Bitcoin / Bitcoin Discussion / Re: What will you do if your country did not legalize cryptocurrency? on: October 03, 2023, 01:58:52 PM
Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

I think there is a difference between countries that allowed crypto currencies first and banned it later, and countries that never allowed crypto currencies. In my country crypto currencies are legal and it's hard to imagine how things would have turned out if they were banned from the start. I joined the crypto world in 2016 and used it as a form of payment to get money out of my csgo skin trading adventurer. If at that time bitcoin would have been illegal than I probably would never have used it. The risk would be to high and I just would have sticked to ordinary bank transfers. But after being involved with cryptos for so many years my answer today would be different. In case the government decides to ban bitcoin tomorrow I wouldn't immediately sell all my coins. I would rather wait and see how things turn out after a few years. A ban doesn't necessarily have to be permanent, a new government could revert the law after the next election.
609  Economy / Gambling / Re: Restricted on casino bonuses on: October 03, 2023, 07:34:39 AM
Playing without any VIP and bonus benefits on a casino is pretty dull because this feature gives player extra boost to our profitability. I decided to leave the casino and register to new one that gives me bonus. I'm just curious on why casino offer a bonus that they can't handle once user keeps winning using this. They can adjust the requirements to make it more competitive instead of removing all the benefits to user just because he keeps winning. It's not player problem if he is very lucky.

Sharing this experience to be an eye opener that we can't have a consistent profit on a casino without being restricted. Just enjoy the game and don't focus much on profit. In the end, I decided to just focus on trading and rest on gambling.
   

That is a bit harsh from the casino to remove you from all their promotions. How long have you been gambling at the casino and where there any emails before that or was it the first interaction about the bonuses? From the email it sounds like they have quite a lot of different bonus schemes running. Because a deposit bonus is usually a onetime event and after you took advantage from it, it wouldn't make sense for the casino to ban you from it. Even in your case with a 20/20 winning streak, this is just one lucky gambler out of a huge number of players. Another question would be if you never deposit any new money and only use their daily bonuses to make a profit. I would expect that casino don't like such kind of behaviour, but they could always limit the withdrawals to a large number of games played. Not sure how I would have reacted in your case, but switching casinos is definitely a good idea. There must be a reason why they only limit you from their promotions and not all the other gamblers, it feels a bit like they don’t want you at their casino anymore. At least you can still withdraw your money and move on. Better not to risk it and start playing at a different casino.

610  Economy / Gambling discussion / Re: Before you take sides on: October 03, 2023, 07:10:07 AM
For reputable casinos, banning players that have won a lot of money legally is bad for their business, the casinos knows that the word of the mouth spreads faster than anything, so I believe that a reputable casino do their strong research before they use their ban hammer.

Before you take sides with gamblers claiming they get banned for winning too much, remember that casinos are good at monitoring and preventing fraudulent behaviors, you break some rules you are out, and no cheater want to admit that they cheat.

I agree with you, banning winners from their casino is not a good business practice and will probably lead to some blowback. There are so many different review sites online of gambling websites that the news will spread quickly and this could ruin the brand name of the casino. Not sure why the number of people claiming to get banned from casinos rose so much in the last few weeks. It doesn't make any sense that there is now a higher number of winners than there was a few months ago. The casino games are still the same and our winning chance didn't change at all. Also, the casino have all the statistics, if there really would be a rise of people winning large sums of money then the casinos need to react. They are private companies that operate to make a profit, what includes to payout big winners from time to time. What I found so surprising is that why would a casino ban people from ever coming back to their tables? Wouldn't they want to win the money back they lost? The statistics are still on the side of the casino, with the house edge they are more likely to win next time the gambler plays. 
611  Economy / Economics / Re: Diversification in Global reserves. on: October 02, 2023, 02:18:48 PM

 Now don't get me wrong, we all know and understand that Bitcoin in particular is decentralized, hence making it an alternative to money. Anyway, I intentionally used crypto and not Bitcoin since there are centralized coins that can be controlled by the Fed like USDC & USDT ( another thing is if they hold value as much as gold to be included).

So, do you think cryptocurrency stands a chance in share of the global reserves, now that countries are opened to diversification through assets? 


Theoretically crypto currencies would be the perfect currency to be the next global reserve currency. No country alone would have full control over it and the decentralization aspect would remove a lot of political pressure. Unfortunately we are not living in a perfect world and I don't see any chance at the moment for cryptos to become the new global reserve currency. The issue is that there is no common motivation to push for cryptos to take that goal. All the big countries in the world are looking for ways to trade outside of the US Dollar, the dominance of settling international trade in USD is going to keep declining. But it's not clear yet which currency is going to take itself. China, India or Russia will always push for their own currency and would not switch to a decentralized crypto alternative. The same goes for Europe with its large member block, I don't see a chance for all those countries to give up the Euro and use cryptos instead for trading. There might be support from smaller countries that don't see a chance for their local currencies to have any impact, or that is fluctuating too much and scares investors away due to the high volatility.
612  Economy / Trading Discussion / Re: Do you believe Technical Analysis? on: October 02, 2023, 01:52:58 PM
I'd like to pose a new question here.
What are your thoughts on using past charts(candlesticks) that similar current ongoing charts(candlesticks) to make price predictions?

When asked this question to many professors and investors, a common response is, "Candlesticks reflect the psychology of investors."

What are your thoughts on this matter?

Candlesticks are a great chart tool, because it not only shows one price for one day, it also gives indication on how much the price moved during that day. Charts in general are a accumulation of past prices and their visualization let's already assume that there are trends. Historically we can observe that there are boom and bust cycles that influence prices. There isn't one asset that only rises or only falls in price. Volatility is a big part of trading and using technical analysis helped me a lot to find the right trading signals. The landscape of technical indicators is huge, we need to decide for ourselves which ones we want to focus on, because there can be conflicting signals. Short term trends can show the opposite direction of longterm trends and it's up to the investor on which signals to focus more. One issue with technical analysis is that the shorter the period we look at, the more noise will get into our analysis. That is why I like to focus more on medium to longterm trends, there the chance of falling for noise as a trading signal is much smaller. Also using multiple indicators to validate our analysis is a good approach. I would recommend anybody to mix technical analysis with fundamental analysis and not only rely on trading signal alone, better to double check our research before committing a lot of capital.
613  Economy / Gambling discussion / Re: New ID requirements for Gamblers in Australia on: October 02, 2023, 07:37:39 AM
Although most casinos ask for KYC, yet minors still gamble on their elders ' IDs (Elder brother or father). I wonder by introducing this ID verification what special Australia is looking to achieve from it?  


I had no idea that Australia has a such a large problems with minors gambling online. The need for new IDs to visit online casino is going to make process of creating new accounts a bit longer, but shouldn't be an issue for any adult. If you really want to gamble then showing your ID online is not going to stop you. This will only be a problem for people who don't have an ID yet or who don't meet the age requirements. Migrants who arrived newly in Australia or minors seem to be the target here. What I wonder is how all these kids are able to use their parents money for gambling without them knowing it. It one thing to streal the ID of your dad for 20 minutes to make a new casino account and something completely different to steal money regularly to gamble online. Maybe it would be better to make an information campaign for the parents to check mote after their kids. If someone really wants to gamble they will find ways to get around or break the system, better to involve the parents to get control of the kids again.
614  Economy / Gambling discussion / Re: Answer this Question on Credits Left on a Slot Machine by Someone Else on: October 02, 2023, 07:00:55 AM
There is a general rule in land based casinos that a gambler shouldn't take credits left on a slot machine by someone else. Basically, from what I understand, if there is still credit showing on a slot machine. Don't cash out or add to your money you put into the machine. Right? The question is if you find a cash out voucher resting on the machine itself or on the seat, can you legally use it?

First time I am hearing about this rule, maybe it's something country specific and varies from place to place. When I was younger, I always liked to check all the slot machines if someone maybe didn't use all his money in the game, or forgot to take all their winning out of the machines. It's like checking the locker rooms in the swimming pool if people forget to take their 1 Euros out of the lock. It happened quite a lot that I found some money and I directly used for my own game to try and make a profit of it. So far, I never ran into any trouble and people didn't come back to look for their money or wanted to play again on the same machine. In a video I saw that in Japan people are much crazier about slot games and are going to queue hours before the opening of the casino only to get their seats at their favourite machine. In such a place I am sure people will reserve their machine if they are going to the toilet or get some food. As for the legal aspect I think this different from country to country, but since you don't know who lost the money it would be hard to give it back. Just giving the money to the casino would also seems not right, better to enjoy the free round.
615  Economy / Gambling discussion / Re: Credit card gambling fuels gambling addiction on: October 02, 2023, 06:50:21 AM

Which makes me think that Credit card is far more helping to fuel gambling addiction more than anything else, you don't actually have the money, but you can still gamble, this alone will make people to lose their minds and gamble anyhow.

I'm glad I don't even like using Credit cards for gambling and my reason isn't even because of possible reckless gambling but because I don't like centralized payment solutions, you should stay away from using Credit card to gamble online, it sure would easily throw you out in the street, homeless.


Using the overdraft feature on Credit Cards is the worst possible way to take out a loan. At least in my country the Credit Card was designed to give quick and easy money at insanely high interest rates that should only be used for several weeks and never longterm. Any other source for a loan offers usually much lower interest rates are designed more longterm. There are already hard caps on the amount a credit card company can charge their customers, but this is still way to high and can lead to a downward spiral where the monthly interest cost are way too high to get out of it. For me using the credit card usually only happens during vacations and even then I like to have a tight control over my budget. A good friend of my parents is struggling for more than 10 years with their finances each month and uses a credit card to pay for all the things she can't afford it. The problem is that she is addicted to shoppng and needs to buy new clothes each month, but doesn't have any money to afford it. That the best example of you can spend most of your money each month to only pay back interest and never get out of the debt trap. In gambling it's even worse, we should never use borrowed money for gambling and definitely not the worst possible option with credit card debt.
616  Bitcoin / Bitcoin Discussion / Re: Bitcoin Gives the poor an Opportunity. on: October 02, 2023, 06:14:40 AM
Some people frown at the fact that Bitcoin is being termed an investment because Bitcoin was created to be a currency. They feel Bitcoin might lose its nature as a currency if it continues being an investment. I don't agree with that, but I respect their opinions.
Bitcoin can be both a currency and an investment

Just because something is labelled as a currency doesn't mean it's not an investment. As soon as you buy a currency that is not the FIAT money from the country where you live in, where you pay your bills and receive your salary, it becomes an investment. Because all currencies fluctuate to each other we are going to make a profit or loss over time holding different currencies. Buying USD today for example for most people in the world is going to increase or decrease your value in the future. In that regard crypto currencies and Bitcoin are the exact same, every day the price changes to the Euro, Dollar or other major currencies. Bitcoin only stops to become an investment if we would deal our whole life only in Bitcoin, which is not really realistic at the moment. In the future this might change, but until then we should look at Bitcoins also as a currency and an investment. My main focus would still be to treat it as a currency, because it doesn't generate any income and any profit only comes from price increases. 
617  Economy / Gambling discussion / Re: Violence and anger could be a sign of gambling addiction in youths on: October 01, 2023, 02:09:21 PM
Is there any effective way to make sure youths stays where the are told to stay instead of looking for quick money? Gambling isn't the solution to poverty it will possibly drown you deep into more poverty.

No not really, kids and young adults don't really like when much older people want to tell them what to do and how to behave. I think it's pretty common for young man to do through a rebel phase, where they don't listen to their parents, teachers or other authority figures. Even good advice that could really help is not being accepted, it comes down to a lot of personal mistakes and that we need to learn from them ourselves. I have been in similar situations myself and regret afterwards not using help that was offered to me. As a young adult I barely had any money and all the cool things I wanted to do cost money. I would go even so far and say this is one of the biggest problems in life, when you are young and healthy you have a lot of time at your hands but no money to enjoy. And when you are older it's the opposite, you have money but no free time to enjoy it. The only way out I see is to try and educate our kids by younger people with similar experiences. It's much easier to listen and accept advice from people in a similar age group who struggled with what the kids are going through.
618  Economy / Economics / Re: Is academic pursues enough to get incomes? on: October 01, 2023, 01:23:11 PM


Most people who go for more degrees believe they can get better job at the end of the day. People that only go for more degrees in a stare with high unemployment rate are they doing right thing by putting all their focus on academic because this is the only thing they can do best.

Just getting more titles because you think you will get more money later is only a good idea. The first step should always be to check the current job requirements. Is it really necessary to get advanced degrees for your desired job? Let's assume you already have a bachelor degree in a STEM fields and think about a master or PhD before starting to work. For most jobs this is not really necessary and is not going to lead to a higher salary. For many employers the titles only show that you are willing to put in effort to learn new things, but after that it becomes much more important to get work experience than theoretical knowhow. After a few years in your job it's all about your contacts and what you actually earn for the company. A fancy title is not a guarantee to become rich over time. Another aspect is that studying can be quite expensive depending on the country you live in. It's not only the title t itself, but also housing and food cost for another 2-3 years. Then on top of that you need to consider the money you lose our on if you were already working. In most cases it just doesn't pay off.
619  Economy / Trading Discussion / Re: Is it possible to do Gamestop saga in crypto.? on: October 01, 2023, 09:45:52 AM
So we all know how regular traders pumped up the gamestop prices to exponential prices. And major shorts were squeezed and a lot of hedge funds lost money in it.

I was thinking how about we all make up a community for crypto and maybe try such thing ? We all say that whales are manipulating the markets but we are not doing anything to tackle them.
 
Look at the prices they keeping it so tight right now that even stocks are more volatile than crypto. Why not eat the rich in crypto ? Cheesy Cheesy Cheesy


The whole idea behind the Gamestop trade was that there were big Hedge Funds that shorted the stock in large quantities. It even went so far that traders expected the short positions to be larger than the actual number stocks available. So, if the Hedge Funds were forced to liquidate their positions and buy back all the stocks in the market, there wouldn't even be enough to close out positions. Which would lead to huge losses for the Hedge Funds and high profits for any stock holder. It was a story where the small-time investor from home could take on the professional traders on Wall Street. It seems questionable if a similar situation could occur in the crypto world, because I don't think there are such large short positions in crypto coins. To be able to create so many short positions it needs a big infrastructure, a few exchanges alone wouldn't be able to create such a large number of positions. It would also be questionable if the exchange is willing to give out more shorts than long positions.
620  Economy / Gambling / Re: Casinos not asking for KYC to register and play, but do require it to withdraw on: October 01, 2023, 07:19:51 AM

I was checking a crypto-casino with very easy entry just asking email and country, and allowed deposits in the main cryptos. I didn't need to deposit anything to realize that to withdraw funds they did require a complete KYC with ID, etc. I also tested registering from a banned country and even indicating it on the form, and it does not prevent you from making a deposit.

That's a pretty common occurrence in online casinos these days. The requirements for deposits are usually much smaller than the requirements for withdrawals. As for KYC I think that many casinos have a fixed limit at which you can't withdraw money without it at home. I saw some casinos have a limit of 1,000 to 2,500 USD above which you need to provide KYC. For me this is fine, as long as the casino tells us beforehand in their ToS. KYC shouldn't be a tool for the casino to avoid paying out winnings for the gamblers, but rather to increase security and fulfill regulatory requirements. With KYC the gambling industry can show that they are proactively trying to avoid criminal activity, as long as they don't misuse it for their own purposes. The idea of casino to only ask for KYC at the withdrawal is that they need much less data. If we assume that 50% of the gamblers will lose money and not withdraw then it's much less data needed. And then there are the people that don't like KYC and wouldn't have joined the casino in the first place.
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