Depends on individual preferences, but if you are going to look at the math behind and the chance then it's going to be complicated and I don't think that gamblers are willing to look at it. In the long run you can get busted easily regardless of how much capital you have and how much x% you are targeting.
So you are neither right or wrong, others might have some strategy when they play dice but sooner or later house edge will catch up.
Both are just a based on luck and doesn't need any logical reasoning or what. The winning chance of slot to dice are the same and I think the only thing that matters here are what on those two are giving you more entertainment and what on those two games did you really enjoy. Sometimes we are feeling that the other game is better if we got more lucky on that game. But as long as they are games that are based on luck and doesn't really need any skill then, they are just all the same. If you enjoy slots rather than dice then, Slots are better than dice (for you).  |
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Privacy is very important for most gamblers, I like to be anonymous while I am gambling, this will make me safer especially for gamblers who are wagering a huge amount of money, you know, the world is so dirty, it's possible that the site will go after you if you are a big bettors of if you win big, these are just possibilities but it could happen, so if we have a chance to hide our identity then I think we will choose to be anonymous.
However, there is a risk for this as well, if we gamble with huge amount and we like to be anonymous, we can't file a legal action against a site in case they will scam us in the long run.
And also if your identity is revealed there's a lot of leeches when you are going to win on your gambling game. If you will win big they are going to be around you and if you lose big they will look down on you. There's a lot of factors when you are gambling and your identity is exposed. Online or physical gambling, it's better to hide your identity so you will lessen your chance of getting problem. And I highly suggest to stick to online gambling everyone. Stay safe!!!  |
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That is going to be good as long as it will be regulated properly. If you know USDT or Tether, those coin are just USD in cryptocurrency. There's no dump or pump it's just there as USD value. That's my idea when government are going to go into cryptocurrency but if they are gonna make it as BTC concept where it's manipulated by supply and demand then, that would be a shit.
If a government want to create a cryptocurrency it should just focus on helping people and not for millionaires to earn (again).
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For my one I am just gonna sit back and relax.  I will no longer expect a serious loss here anyway. It's all too big for that, and as I said before, why would Satoshi destroy his masterpiece? I just can't imagine that after all these years of success! It's just a mere transfer of coins, I don't think that's related to any sort of destruction  I think he is thinking if satoshi is going to sell of his coin in just one go, then the market would collapse. There's a lot of whales here in crypto industry so satoshi selling his bitcoin would not be a total destruction to all of us. I think it will dump the price but that would not certainly destroy the market. And it's a just movement! nothing is going to happen LOL, satoshi is a genius! if he want to sell it he will do it in a small fraction every day or even months. He will never dump his coin in one transaction. |
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We can live without banks! But every countries economy will be shit. There will be no tax for people so the development of the country will not happen, every public place and roads are not going to be develop and the real people that are going to suffer is the poor people that are relaying only on the government. Public health care, education etc. Will be paid service, the private sectors are going to do it.
Banks are needed and it's impossible for a country to work normally if there's no bank that will regulate their peoples money.
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1st bid!!! Thank you for bidding! |
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Good day everyone! I just want to auction my winning artwork on 10TH anniversary of our forum 10TH ANNIVERSARY ARTWORK This Artwork is made of acrylic paint and 16x20 canvas General Info: Starting Bid(PPT): 0.01 BTCBid Increments: 0.001 BTCShipping: Will be paid by the winners Sniping: Any bid made in last 15 minutes will extend the auction 15 minutes beyond the ending time from the time of the last bid. Pay To: 1HJx172Qbv8C67gU3vmfWqtbQvJSB9bVfxEnd date and time:2020-05-29 (8:30:00)   |
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Man underground casinos are very popular LOL, Here in my place alone you can spot an underground casino within a 5 mins walk away from my home. With COVID or not they are still operating, and mostly of the players are here from our area too. No one dares to snitch them since, it will really backfire to them and it will be a huge problem. Underground casinos are more popular here because of the lock-down and lot of gamblers on our area can't go to decent casino and those legal ones.
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What I missed here?
Your total profit for 6 weeks is 0.00265927 BTC or $304.52 USD? I mean, 0.00265927 BTC worth ~$25 USD today, how you get $304?
Yes, you missed a few things. If you're from the beginning, you can see that his investments are estimated in both BTC and USD. He invested when BTC was about 6 thousand dollars (If I remember correctly), and now it is more than 9 thousand dollars. Therefore, although the profit in BTC is small, in terms of USD, compound interest appears here, so he has more than $ 300 of profit I guess he can't count profit from BTC price growing as a casino investment. His BTC will worth more with new BTC price even if he just keeps Bitcoin in his wallet. SO, I guess real profit is in this case 0.00265927 BTC, I hope OP can confirm that. btw. I just sent my DOGE coins and invest it in Yolo dice, I plan to hold them, so better to stay there and the number may increase, rather than just keeping in my wallet. (I am negative for now  ) Yeah, the real profit in BTC is 0.00265927 BTC in terms of the gambling site investment. But the whole thing why we invested is such thing is to have a profit in terms of fiat which is PHP and USD  . And I think for now it is doing great since the bitcoin price is rapidly going up Quite a few people are coming here and gushing how great it is.
Honestly I still have some serious tingling spider sense around this type of investment. This thread hasn't won me over. The 4% a year of freebitco.in is low risk. Probably way safer.
Stand by for Chuckbuck to jump in for a sig post to tell me how wrong I am.
If you are really looking for a safe investment I think the Crypto.com investment is way greater than that, They have 10% P.A interest in you Tether investment. and at least your investment is in USD |
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Congratulations on another profitable week.
We can see that your profit in BTC is just low compared to USD or PHP value, but your profit actually is not the PHP value because but the equivalent of the 0.00265927 BTC based on the current price, which is more or less 25 usd. You are lucky the price of bitcoin wen't high but if bitcoin will dump, then your profit will significantly go down also.
but since you are still in profit, good job.
Thanks man! I know the risk and I am investing on both asset First is the BTC price , so the dump or pump of it will be my loss or winnings and the second is the Gambling investment itself, same as the BTC if it goes up or down it will be also my loss and winnings. I got a good entry on BTC price so I think I will be good for now I think my profit margin is go up to 40% right now which is good, LOL. I hope BTC price will go up more since the halving is done And also Yolodice investment is doing really good compared to bustadice. |
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So here's my update for week5!! This is the update for bustadice: This is my total profit for: BTC: 0.00086385 USD: 140.14 PHP: 7,158  This is the update for Yolodice: This is my total profit for: BTC: 0.00179542 USD: 164.38 PHP: 8,390  Here's the spreadsheet:  TOTAL PROFIT WEEK1 - WEEK6 BTC: 0.00265927 USD: 304.52 PHP: 15,549 This week profit in terms of BTC is not that big, but the price of BTC just go to the moon and we are close on 10k!! The over all profit is doing great right now What are your thoughts this week? |
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By allowing people again into casino's you are spreading the risk of spreading the virus again. We can talk about all the precautions and measures but will they be followed properly? Right now the situation we are in is because of the people's and government's carelessness or late action. At any point if someone doesn't follows the protocol properly whether it be staff or the gamblers inside the casino, it will put lives into danger again.
If the government will allow this to happen, they will surely monitor the situation closely, and if it will not be followed properly, a sanction will be given to the casino like cancellation of license to operate, that's the kind of measure a casino would not think of messing out. Surely there is a extreme measures, an if they violate by not implementing that measures, a loss of business license is like a loss of billions of income for this big casino, they will stake their license here for their request that they will be able to operate again, they will make sure everything will work from their end. I think the only reason why they are making possible for those sector to operate is for tax money. Like it or hate lot of country are suffering for economic damage of this virus and they are gonna make a way to fix it. Allowing casino' to operate is going to be a huge risk for the people that are going there! And we all know that a lot of people are dumb enough to risk their life just to gamble. Opening a casino in the middle of a crisis is purely selfish idea. Just for me tho. |
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It is so difficult to recover lost capital from losses, profits will not always be greater than losses.
Really so you mean this? Why do people keep on trading then if profit will not always be greater than losses. Hey... People are making more profit than losses, you have to learn better ways to make better profit. Man believe me, there's a lot of losing traders than, profiting ones. Trading is really since when you lose, it's really hard to recover, expect if you trade more funds and recover from it. OP's post is actually somewhat true (well, at least for day trading). Losing day trader's are really many compared to those who are winning but taking their trade as long term. you have to learn better ways to make better profit.
There's no better way than to study trading If you really want to be a profiting trader, you should manage your risk and apply all knowledge needed. |
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Most of us have at least $1000 in our savings account. Lol! Your dad is either a millionaire or you are unaware about the reality. $1000 is a big amount and I bet more than 95% of the young age people don't have even half of it. The story may inspire young age people to invest in bitcoin but if they end up loosing money in that process, that will be a real pain for them. I know few persons who had invested heavily in bitcoin back in late 2017 and still paying their credit card debt from their salaries. The boy in the story just got lucky! Agree LOL. Here in the Philippines if you are teenager and have a 200$ savings or more then, you are completely above average than the others! 1000$ is a huge amount of money Honestly being a millionaire is just a big giant lottery. All of the millionaires are just hitting a jackpot when they do something right or they start/discover something. What we should take on something like this is don't stop trying, cause if you stop betting (trying) then, your almost noting percentage is going to be completely nothing in the lottery of life. |
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I don't know that there's really some hotlines regarding issues with gambling, I always think about depression and other forms of addiction but in terms of gambling, I believe what you just need is a caring wife that will remind you to stop or limit your gambling activities. Believe me or not, they are the one that knows your limits. But there are times that when wives are providing their recommendations, they often misunderstood by their husband, thus, their relationship fades. So if you really want to prevent things getting worst, you need to act upon yourself, and have an initiative to stop when you think that you already reached your limit.
How about us who are single and lonely?  LOL hahaha Kidding aside, when there's someone with you that is going to be a lot of help on fighting your addition on gambling. Even though it's not your girlfriend or wife as long as there's people who are supporting you, you will be okay. But sometimes, there will be a lot of toxic people around you and that is where's OP's post is going to help you, those hotline is indeed a very good way to communicate with other if you got nothing to hold on too. Those program will help you and you are going to be free to share anything with it since they are not going to know who are you. Always remember that every help is there, but in the end you are the only one that is going to help yourself. |
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Your emotion is another the important part when you are trading, I've often been trading and forget my strategy that end up in loss because I just depend on my appetency. I often to get profit but I want more than that but when its price decrease it mean it is just a retrace I sell it quickly. So I put the emotion is the important part to trade especially for myself, and I got a solution to avoid it. I spend a little money first to wonted every time I trade I must obedient in my strategy. It means every time I come to the market and every time I come out in the market I should look to my strategy first. And it was work, so as I wonted to do this thing until now.
Man your problem is you treat trading as a gambling, and I think you are doing day trading so when it dumps you are going to a quick sale. I highly suggest that you should start with long term trading so you can start controlling your emotion. And I think you are satisfied with a small win but when you loss, you are losing big amount of money. You are lacking on a discipline my friend. I think you should start with small money first if that's the case so, little by little you can have a progress on controlling your emotion when it regards to trading. |
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It happens to me almost all the time if I am with my friend gambling on a casino. The situation is whenever we are playing and someone on my friends is winning then, I am gonna get jealous and I'm gonna bet big even though I am losing. It always happen to me, but still I am trying hard to control myself and set a limit whenever we are going outside to gamble. I don't want to be broke just because of gambling. But since there's a lock-down on our country I am just doing online gambling now and in every play I make I also have a limit and luckily whenever I am losing now I can control myself since there's no peer pressure that is being applied to me.
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I agree that I do not think that the coronavirus can have any effect on crypto gambling It's a great time to gamble from sitting in the lockdown. If everything is off due to the virus, it is temporary However, crypto casinos will never close Since it is online-based we can easily overcome the bad situation by making a profit by gambling The popularity of crypto gambling is increasing due to the lockdown People are participating in the game more and more.
Lock down restrictions are getting lifted in most parts of the world. Do you think that once physical casino are opened people will visit them or are they happy playing gambling in online casinos ? Some people may not go to casino again and hence physical casino may lose some of their customers. It's being lifted but there are still some restrictions, Here in the Philippines the lock-down are being reduce to some areas but still those casino till an't operate and the public transportation is still not being operated. The government are making it slow so it would be safer to all of us. But still I know some underground casinos that is still operating here. I hope those people will discover the online gambling so they are not going to risk their life for just a game. The effect of COVID to crypto gambling is absolutely good, since more people are going to discover it because of the lock down to some part of the world. More players for gambling website's |
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I dont understand these people there are online gambling games already that wont endanger their lives and the community but they still want to gambling in physical casino's. Well it's either they're really addicted to gambling that they can't think straight anymore or they just simply dont know.
We don't understand their reason because they won't tell us why they still want to play in the physical casino. Maybe they want to feel a different thing than to play in online gambling because some of them will have excitement when they can compete with the people face to face. But out of that, we hope that they know the risk to go to the public area, and they must prepare themselves from everything. The only reason that I think why they are doing that are because, they are not aware that there are online gambling or they don't trust online gambling. Cause it's obvious that, why people still choose to risk their life for gambling when they can still gamble by being safe at home. Those people should be warned about the virus or just the online gambling itself. If they can't resist to play then, at least be safe doing what you want. OP your country should promote online gambling hahaha LOL. |
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