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1081
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Economy / Economics / Re: Saving is Wasting?
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on: April 27, 2023, 08:55:34 PM
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I see nothing wrong having plan of investing as student and their is no rule that one must have finish his or her degree first before looking into investment. A student who have already graft out a plan of investment will really be of good benefit after rounding up his programme in school. After I graduated from school I regreted not having plans of investment to do. This idea of investing helps one to be independent and not too relying in the government to provide job, so I don't think he is doing the wrong thing. He is just making a good plan for the future.
efforts to save from a young age is a pretty good action if parents apply the saving side to their children. in this aspect I think someone who has a soul to invest since he is still in education then it is a wise enough thing for him. We must convey ideas like this to our closest relatives from the experience side that we have experienced. I mean if we succeed in getting other people to save from a young age, there will be a sense of pride for ourselves. One of them is to become capital for himself when he successfully completes his education period and he can use that capital to open a business. saving is one of the keys to success to become a rich person. It all starts with parenting and if you do have a parent which they had been molding up their children to be wise when it comes to finances then educating them while on early age would be the key. This might really be not that really means that you are avoiding some expense but this is something that helps them on being molded to be a person who do knows about priorities and do knows on how to see on how important saving is. Its not really that actually wasting because wasting is something literally means that you've been using up your funds into something useless, but this one? You are really that making use of those funds for the sake of emergency funds and on the same time you would be making use of it on investment or other similar purposes. It is really just a matter on how someone or an individual do really make use of those funds because some are mindful when it comes to future aspect and there are ones who doesnt care at all. |
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1082
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Economy / Gambling discussion / Re: Wagering requirements for withdraw
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on: April 27, 2023, 07:41:35 PM
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<snip>
X30-X50 is actually standard wagering requirement for deposit bonus, but if you look at the other thread created by OP, you will find a casino that ask you to wager x10-x30 for deposit without bonuses. I havent checked myself, but it proves that high wagering for normal deposit does exist in the gambling industry and I believe players will not stay long in casino with high wagering requirement for deposit without bonus. Wagering requirements for Welcome Bonuses can go as high of 100x (maybe even higher). I've seen it before. Personally 30x-50x is already high, however, some casinos tend to set higher wager requirements because there are players that are still able to win through that requirement. Another reason is that they do not want to just give money away (or maybe they don’t really want it at all) so they make it as hard as possible. The wagering requirements for bonuses I've seen are 100x and I think that seems ridiculous because the requirements are so high and maybe only a few gamblers can get them and who knows how much they have to lose before they can withdraw. Even though there are still players who can win, it will not be within reach of small gamblers like us because we gamble not using a lot of money and just want to have fun so we are not recommended to try to take the bonus. I prefer another reason why casinos don't want to give their money away: they only want to get money from gamblers who have lost. We must prevent it from happening to us and there is no need to try to get the bonus if we see it is very difficult. In short, It's a bonus that is nearly unclaimable. Only few gamblers would claim it given that the wagering requirement are outrageously high. If I'm on that situation of trying to claim that, I would certainly stop instantly because I'm positive that the money you are using to wager will be drained given that the casino has an house edge and other factors in losing your money. I haven't heard a casino that has a wagering requirement before withdrawing but for bonuses, There's a lot of casino. This kind of wagering requirement is a pure BS in my opinion. It may not be nonsense at all. Imagine yourself in the place of the devs of any casino, who obviously tries to make their casino as profitable as possible. And you perfectly understand how you can still make sure that the players' deposits do not decrease, the number of players does not decrease either. So that players would play a lot and, accordingly, would lose more. So casino managers come up with different, as it were, normal requirements for withdrawing funds that make this process difficult. After all, the task of the casino is to get the player's money on his deposit, and then make every effort so that this deposit ends up on the casino account. Of course, there are some happy players who won more than they deposited. Then you need to create difficulties with the withdrawal of money to the account of such a player. And they are created, or an extra KYC will be forced to pass. either tricky bonuses, or something else that they think of. It doesn't sound like a scam, but it's actually dishonest. But this is the business of the casino. What the hell did i just read up? Business is something that should be on a fair way, and casinos are indeed making those withdrawal restrictions specially into those deposits who arent be able to hit up the require threshold knowing that these platforms are regulated or law abiding businesses then we know that money laundering is the main issue on here and not some part of business on what you had said. Making it difficult for people to make out some withdrawals just because they are making money on this? This isnt how it works because on the time where people do able to experience all of the hassles then for sure they would be flocking away on this site and would be finding for another one. Dishonest casinos do also exist and this is why we do really have that so called own common sense which we could make use of on where you could be able to spot out and determine on what are the sites on having those red flags on which the earlier the better you could be able to avoid. This is why reading up real time feedbacks and words from other people is something that you should really be making it as a habit so that you would be able to save up your ass. |
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1083
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Economy / Trading Discussion / Re: Not about to give up hope.
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on: April 26, 2023, 11:56:11 PM
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Too many people give up eventually and that's a sad reality we are living in right now. People shouldn't really give up hope on bitcoin and crypto, it is a wonderful invention that will definitely help everyone. I understand that it may not look great at times or altcoins neither, or there could be some bad stuff going on like crashes, bankruptcies, scams and so forth as well. However, remember that in the fiat world the whole system is built to keep you poor if they can do that, poor and also constantly tired as well.
Because, if you are constantly poor and overworked, then you would not have time and energy to try to stop that, and to the few who does try it, they will be marginalized very quickly so that not many people would hear them or even if they hear them they do not end up being taken seriously at all. They don't have to give up bitcoin, but they may have to forget about the altcoins in their portfolio forever. Bitcoin is not going to disappoint its investors in the long term, even if it has been in a bearish phase for the whole year. It's always possible to see the potential for this bitcoin price to continue to increase year after year, of course they shouldn't give up without learning something that allows it to grow. A lot of people have lost thei money in bitcoin because the price has fallen so deeply, but they would not have lost bitcoin if they had been able to hold onto them and ignore the long-term volatility of the market. The cycle is about to change so there is a good expectation of returns even though they bought their bitcoin at $50k or above last year. Wouldnt really be that considered a complete loss if you arent closing your position or completely sell because you could really be able to hold it off until the market would really be making out its recovery. When we do talk about Bitcoin investment then there's no other coin in the market would really be giving out that kind of feeling and trust or confidence on which you could really say that it is really that something which is worth for it to be holded up for long term. Shit things and other negative stuffs could really happen on this market and this is why its not really that shocking if ever we do see some negative news and the impressions do become worst and it do really make things even more getting worst. Thing here is that you do know on what you should gonna do and you wouldnt really make yourself that easily get impulsive when it comes to your investment decisions and approach. It is really that according or basing up with your self awareness and experience throughout the market. |
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1084
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Economy / Gambling discussion / Re: Ridiculous Bets that disappointed you
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on: April 26, 2023, 10:34:22 PM
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Such a huge multi and only 6 XRP profit, imagine you were doing allin single bet and it hits 200k multi on limbo. Life changing amounts come with incredible lucky shots on gambling, sometimes having straight plans don't help. You have to make some random decisions to get lucky like try hunting 5 mlnx mines with 13 or 12 mines setup one day , IMHO.
^That is what exactly we need, sometimes we need a random decision and let luck will work for us or just close our eyes when placing bet, especially in dice and roulette. But the most game that I am always disappointed in when I lose is the crash game because you don't know when to stop and when you stop, it will become a higher result. That is why gamblers when they have enough funds they place bets using the martingale strategy and when it hit the target they will stop gambling. I think every time we lose that is ridiculous to us. The thing i do like on luck based games is that it could give out that kind of multiplier which is more that you could really be able to get on doing some sports betting which you could really ne neither to get 1.x -2x on favorites and more when you do bet on underdogs but of course the result or outcome would be known on much longer period which means that this would always fall down on someones interest whether you would be liking to play slots or dice or crash or would really be going after on playing with some sports betting. The thing i do like and hate on crash games is also about on when to stop and when to hold for longer on your position.Just like on what you had said about having those placed up bets on which you do believe that it would rocket more higher but it did bust up on 1.0x or less or even on 0 and the amount or base bet you had put up is big but on the time that you had put up small and then you had cashed out early just because you are pertaining only on hitting 2x but the rocket did really goes up on 20x or more which it do really sucks or do really give out that regret feeling. lol |
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1085
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Alternate cryptocurrencies / Altcoin Discussion / Re: Sui TokenSale on Bybit, OKX and Kucoin?
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on: April 26, 2023, 09:11:04 PM
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https://www.kucoin.com/news/en-announcement-of-sui-token-sale-on-kucoin-spotlightHas anyone participating or already onboarding on the three exchanges? They got an allowlist sale for community member and Ive got an entry however theres a restriction on their exchange(Bybit). The price is $0.03 versus the $0.1 public sale on Kucoin this would be a great deal if we are able to participate. The upcoming sale would be held on May 1, still hoping to fix and able to join my allowlist slot on Bybit. I was able to be whitelisted on OKX exchange which they do really have those certain requirements like; General sale (requirements) 1. Eligible country 2. ID verification at level 2 Once you do passed on this one then you would be going with that second step... Recognition sale (requirements) 1. Id verification at level 2 2. Project allow list verification I dont know on how i've been considered on their allow list. Maybe they are really that requiring that OKB to be holded up? There's indeed so much hype with this coin. Im not aware on Bybit and Kucoin though on what are their procedures because im already what able to join on OKX sale then this one is already that enough. |
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1086
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Economy / Gambling / Re: How does AI gambling sound?
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on: April 26, 2023, 08:12:08 PM
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AI is currently making waves and we all are following the wave and trying to have a better experience. This thing we thing we are enjoying might further be a big challenge to us in time if we are not careful. People have started using AI to do many things which is good but I doubt it if some groups will not finally use it to do evil to others.
Any tool regardless of how well designed it could be can always be used for all kind of nefarious purposes, and AI is not going to be an exception to this, however the most important question is if the technology in question is a net positive to our civilization? Lets take as an example the pharmaceutical industry, should we close it because there are people out there using their products not for their intended purpose but to intoxicate themselves? And the answer is no, as we obtain many benefits out of it and tens of millions of lives are saved by those medicines. All the tools that are good can be used for any side, be it for the dummies or the maps, that they use it for bad does not mean then that this AI thing is bad because they use it in a bad way, it is not like that, I am also sure that everyone will use the AI at some point to predict games or to play in a casino, that cannot be doubted, any player will do it whatever it is, because what they want to win is money, and anything can be done, but if there is a short and fast way they take it without hesitation. Artificial intelligence used to make predictions could be fine but then what about total reliance or over dependant on the AI's ability to make accurate game analysis and how humans depend on them so much to make games predictions for them, this can lead to two things which are: 1 the possibility of losing the bet since AI can not be accurate in its analyses due to lack of human experience so for the player to be on the safer side using AI should be based only on information research results and so on. 2 if the payers win too much the casino could investigate and dedicate the involvement of AI which will lead to account closer for the players. We know that when we do make out some betting on sports or whatever that is correlation into events then there's always 2 possible outcome which whether you would win or lose that certain bet. You would definitely putting up into your mind that you are indeed doing well or saying that AI does really works whenever you do have higher winning chances which it would really be a common approach or idea to be molded up. What if losing? You would definitely having the impression that its not something reliable and not really works. This is a common approach just like when using up some strategy that you have just picked up from nowhere. Its not really that shocking that people would really be testing out on whats the current trend and hype now. We are on that AI hype as of this moment and due to some huge talks about its application then its not really shocking that there were people who do really considering up on making use it out on gambling field. |
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1087
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Economy / Speculation / Re: FTX recovered $7.3B in Assets and is considering restarting!
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on: April 25, 2023, 11:57:38 PM
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Yes I did see this but let us be real about this. Why would someone want to put his crypto into this exchange ever again? It does not make sense for FTX to try this again.
Those people that will say, give them a chance but even if I haven't used them at all. I'll never give it a second try or even once. And those victims are gonna wait for their refund from the fiasco they're involved with. Yeah, that's true, why would you give a chance to a place that already made a mistake and failed? I mean why would I not go with something that never made a mistake to begin with. Look at bitcoin, have we ever said "oh sorry, give it another chance" so far? Of course not because it's decentralized. FTX is an exchange and so far every single exchange that failed, stayed failed because they can never get those people back. They have some investments and they should just pay the investor's back with all of that, and that is only if it is true. I still suspect that all of this is just made up and they haven't recovered anything and they just figured out a way how to get that much money, but they won't and nothing will be better for them ever again, and CEO is definitely going to jail without a doubt. Giving a second chance isn't applicable on this situation. They're a financial company and we don't want get problems with our finance/assets for the second time around. I think everyone has learned their lessons that when a company has gone bankrupt and the issue is related to the unclear spending habits of its CEO and co-founders, you don't want to give them no chance anymore. The verdict has already been given and even with the new management, the issue is still quite fresh and is there. But then, let's see if they'll manage to get up from that failure. There's no second chance and we are indeed talking money on here which means that if they had failed out on customers or clients money in the first place then how much more on the second one? People wont really be that a fool on entrusting up their funds into something that had broken out their trust. Just like on what others been saying about rebranding then it would be useless because people wont really be trusting them again. There's no point on restarting or relaunching even if they would be changing up all the management, it wont really be making out a difference. Therefore it would really be just useless if they would really be relaunching again. Now the thing on what on peoples mind is on how to get those funds back specially to those who had been affected.For sure they wont really be having any plans to store up their assets anymore longer. As long they would really be having a getting hold of it then they would surely be pulling it off and would be going into other platforms which it doesnt really have any issue and bad history something like this on where piling up some bankruptcy but in the end the funds were intact? Did they've been hit up with some conscience? |
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1088
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Economy / Gambling / Re: Gambler Loses 1.4 million USD in a bet with lower than 1.01 odds!
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on: April 25, 2023, 10:49:55 PM
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Luck is indeed a solid main factor which is needed when it comes to gambling because no matter how big is your winning chance as long there's a slim chance of lossing then there's always a chance for it to be hit up.
We know that gambling odds could really be something that have higher winning rate but if you arent that lucky enough then you would eventually lose no matter how small the chances are.
This is why going all in or having that kind of behavior on making that huge bets on low odds then it would be something a risks needs to take but since you are dealing with gambling then it would really be just that normal and you should be wary about the consequences when it comes to losing huge money if the outcome would turn out to be different on what you do expect.
By remembering that luck is the main factor needed in gambling, we shouldn't have to try hard to win the game and just have fun. By avoiding it, we will not try to make big bets because it is not worth the risk we will get, especially in gambling there is no guarantee we can win. So we won't be gamblers who have lost a lot of money because we can avoid using big money to gamble. We can also avoid the feeling we will get after knowing we suffered that big defeat because it can bring great disappointment and frustration. And also, we can get addicted to gambling because we want to recover that loss. Not worthy if you will really assess and be practical, taking a big bet with a small potential profits I'm sure there are gamblers who really play that type of strategy but like what you said without luck anything can happen, worse case is to lose everything you've got as you are inside gambling and risk is always a partner in each bets that you take. Better to play for fun and fill that lust for gambling in a budget capital and not to aim for profitable rewards. It's a bonus if you will win, but if you lose, make sure that the amount you use is the amount you are willing to forget and let go. Just to make out some comparison if we do speak about numbers then it would really be that no sense if you would be betting up millions just for you to earn some few dollars.I wouldnt really be having the guts or have the courage on betting up that huge on which not all people would be able to accumulate their entire life and now you do gamble it out just because you do believe its a sure win? There's no such thing about sure win on g ambling. You cant really be able to pull off or on having that one sided game, there's always that certain risks no matter how slim it it, you wont know if you would be able to hit up. This is what i dont really like on going all in bets no matter how small the odds is, it isnt really that worthy at all on making huge bet to get some peanuts. 1.01 or less doesnt guarantee sure win but if you do have the money which you are willing to burn then its up to you. Just dont expect much because tables could turn upside down which it would really be resulting into your bet to be thrown into waters. $1.4M isnt an amount that you could just simply ignore and sleep that lost because it would really be surely be keeping on hunting you out specially if this one is a pooled funds from different bettors but if its solely for you the that lessens up the problem at least. |
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1089
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Economy / Economics / Re: Concers About Going in Business with a Friend
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on: April 25, 2023, 08:58:25 PM
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Many years ago, I heard the story of a man whose business partner did dirty. They were business partners for almost 5 years and the suddenly the business partner left with company's money. Even after several years, this man didn't recovered. He ended up sounding it as a warning to his kids never to go into business with anyone. The trust was destroyed and never recovered. This is just one of those sad stories.
On the other hand, there are many success stories of friends who went into business together and succeeded to together. If you have ever gone into business with a friend, what were your biggest concerns and how did work through it.
I have seen many situations where a business founded by close friends failed. When people start doing business, they need a foothold and strong support. Very often, people look for support in friendship, because it’s not so scary to engage in a fundamentally new type of activity when a friend you know from childhood is next to you. However, over time, business develops and new problems arise. A person begins to doubt ... It begins to seem to him that his founding friend contributes less to the common cause than he does. Sometimes the conflict is started by the spouses of friends. In any case, everything ends sadly. Former friends have been arguing with each other for a whole month, insulting each other .... As a result, their common successful business ceases to exist. Neither of these things neither failed, have huge issues in between owners, having some financial issues, trust issues and other possible issues that had been mold up which is something that not shocking anymore. This is why its better to be a sole proprietor rather than on making up some corporation on someone unless if you do trust that friend and you do know that you would be coming into that point but somehow its impossible to know on what would be happening ahead specially when your business do suffer some issues which might mold up some questionings and debates which would lead up to more even severe problems. This is what i dont like when having that a partner when it comes to business. It would really be giving out that peace when you are just running it alone. You could solo all the problems and you could solo all the profits that it would be making.Yes, it might sound that selfish but if you do have the money for you to build one and run on your own, then why not?
Running business with a friend is really risky, you don’t have to trust anyone when it comes to money, your friend can turn to your enemy and your family can turn against you. You might be friends for long and you guys will be cool, but immediately money is involved then his behavior might start changing, then you will get to know the kind of person he is. If anyone is going to run a business, then I will recommend you run it alone, even if you are going to start small, then with time you can be growing it gradually.
When it comes to money then everyone is really that subjected to change, we know that human beings could be easily be changing up their mood and treatment on the time which money is the issue. So its better to go solo to get rid of these possible problems. Having a friend isnt bad but it would really be just having those boundaries on where there are things which arent meant to be influenced or much needed to have a corporation or partner. |
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1090
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Economy / Gambling discussion / Re: Why do you favor betting on spesific sport?
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on: April 25, 2023, 07:26:14 PM
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I am just curious to know why people favor one Sport over another, when it comes to betting? Is there specific Sport that increase your win chance or do you bet on those Sport for other reasons? I know most people will favor certain Sport, because they know more about the players or the teams and information is power, when it comes to betting... but some Sport are 50/50 when it comes to the outcome of the match. (One lucky punch or kick can make a underdog a champion) Please share your thoughts...  Certainly, there are specific sports that people love for their entertainment, or because they love it so much doing it at the same time, and sometimes because of popularity and some because it is easy understanding it, and sometimes there are certain aspects of sports to be likable for them to gamble in it, for me I have certain sports that I am betting on I can give certain sports and a betting style that I am doing with it NBA - surely many are familiar with the NBA and everyone loves the sport of basketball well if you are knowledgeable about most teams in the league certainly for those teams that are entering a certain seed and for me the play-offs is a perfect opportunity for you to enter in betting in it, and right now because the teams are now set to take on familiar teams and if you have certain knowledge about the teams then this will be effective, Esports - for this certain kind of field there are many to choose from we have Dota, Dota 2, CSGO, Counter-Strike, and many more I think this will also require certain knowledge about the game, then looking at the rankings and picking a side in this one you just have to pick certain teams that have a certain chance of winning, Boxing - Certainly asking many people in the field about a certain fighter you can get information about it this certain sport we all know many well-known fighters which is why this is certainly the easy one to be the favorite for many gamblers they also put as much money on certain fighters that can show potential in winning, For sure this would really be that where it does have huge fan base plus having that huge numbers of bettors considering about the popularity but somewhat it does have different numbers if we do speak about esports but its not something that wont really be falling behind if we do speak about numbers. Of course it would really be that something that interesting on betting on sports which is something that you do have the idea on how its been played and you do know on a certain team or player compared when you do make out bets which you dont even know on who they are or on whats the complete mechanics of a certain game. So its better you do bet on someone you do know and something you've been aware on what it is rather than on betting on games which you arent even knowing on what it is.It does make sense but if you do come after for the money then you would be probably going into other side of things. |
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1091
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Economy / Trading Discussion / Re: Technical indicators vs the News
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on: April 25, 2023, 12:01:36 PM
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Both are better and are important. But a trader should pay more attention to the news than technical indicators. It should be in the ratio of 70 - 30. The news is important because it will avail you information of the latest sentiments in the market and how they positively or negatively impact the worth of Bitcoin. It acts as a future predictor and therefore more attention should be given to it. I disagree with you. News is like tip of iceberg but it is not the real reason. Real reason is because of technical indicators show that the market must have a big change so news is released to direct the market to what it should move. Do you see like after a market has its big movements, hours later you will see some articles on Coindesk, Cointelegraph and other sites to make it like there are reasons for the latest big movement. It is to make people think that the market is actually moving naturally. In fact it moves by manipulation from Market makers. Agreed, sometimes the news is released just to legitimize market manipulation by market makers to make people believe that the market is reacting to the news and not being manipulated. But it also depends on the case and the type of news, such as news about the war between Russia and Ukraine, it is not a pre-arranged thing but a surprise. To monitor the market, we need a combination of many factors, none of which are more important than the other, all of which are essential to us. There's no way on pointing it out or justifying that it does really affect up the market.We know that this market is really that highly reactive when it comes to new or events which anytime we do see some fuds or negative news then we do directly make out some assumption that the market might be going down or would be having that decline, but it is really how many times that it do proves out that no everything would be relying on what type of news that we are currently reading on. Therefore, its not really that worth to make out some finalization. Analysing the trend of the crypto market can be very complicated, base on the fact that their are two major deciding factor in price analysis when trading, which are the technical indicators an news about a project.
I have not been in the crypto space for not too long but I have come to the conclusion that the news is more influential in the trend of the market than the technical indicators, guys what do you think?
The news is more powerful since everyone is aware of it, and it has a significant impact on investors. If there is terrible news, many people will panic and the price will fall, even if the price rises according to your market analysis. As a result, if you engage in fundamental analysis, your trade can be really effective. Aside from that, it is still powerful to trade using simply technical analysis because many traders have become lucrative even without the news; in trading, the news is generally utilized for manipulation, thus traders usually follow it. It indeed powerful yet we are just human beings which are susceptible when it comes to market conditions which our emotions are the main reason on why we would make out some immediate response whether we would really be selling it up or would really be tending to buyback basing up on the market condition whether it would be that negative or positive. TA's are helpful because we could project on whats the potential movement or pathway on which a certain coin would might to go on. |
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1092
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Economy / Gambling / Re: A reminder for gamblers to avoid FortuneJack (ongoing lawsuit, 120k usd stolen)
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on: April 24, 2023, 10:59:11 PM
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But there is one more thing: The courts are not the ones who run these casinos. So if they can't steal users funds anymore by simply closing accounts, common sense says they'll be finding new ways to cheat customers.... So watch out to play only provably fair (that you actually understand) games and live games where you can actually verify you're not being cheated.
I had my history with fortunejack and they have some strange policies with their legal team that resulted in confiscating of my coins. They recently sent me last email saying that my account will be closed because of inactivity after I didnt want to perform kyc verification. It was my choice to stop using and recommending them, and I accepted my loses, but I would be real pissed if that amount was 120k. I am not saying fj is a scam, but there are much better casinos around. I stopped playing at FortuneJack on February 19, 2018. I found my thread from that time... Not a huge problem, but their support was horrible, and after that "incident" with slots I stopped playing and I never visited FJ again. I found much better casinos around, and I still think that some other casinos are better than FJ. As Notblox1 I will not say that FJ is a scam, they had a good start, but something in their "relationship" with us players went sideways. I don't have any plans to try them again... There's no such thing about perfect casinos on which we know that they might have been still popular or known nowadays but there are really issues or features or complaints which it makes people do make irk and having that discouragement on playing on the site further. Yes, we arent that dumb not to distinguish between issues and some possible false whatsoever correlated which would really be destroying out their reputation but we know that there's something called a border line which on the time we do say its enough then we would really be cutting off then and would find another one. Good thing that we do have on this market is that we do have lots or tons of options we could choose on, on which we could really be able to find another casinos to play if ever that old one isnt really that giving that kind of confidence on staying on. When in talks about FJ reputation then i do remember those old years where they are really that one of the most known and trusted. I dont know with the recent issues but if it seems been proven then it is really that something that they need to cleared upon. |
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1093
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Economy / Gambling / Re: How succesful will AI projects be to win the house?
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on: April 24, 2023, 09:58:29 PM
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AI is a good initiative in gaming after all if a gambler is playing against the house which is a computer, then the computer should be made to play against bots since those computers are configured to function primarily for that purpose, but the big question is, will casino allow the use of AI on their platforms the answer is no and to a large point we must know that any players who employ the services of artificial intelligence on games may get some form of restrictions or possible account ban.
^They know this because casinos generate significant revenue from their games, and if players are able to consistently win, it could lead to a decrease in profits for the casino which is I think, that is the reason they will have a patch. That patch is to counterpart those players who have been consistently winning and even with the most sophisticated AI algorithms, there are no guarantees of success. Casinos also have the ability to adjust their strategies and defenses as necessary, making it challenging for any one strategy to consistently win in the long term. Do you think they are not wise than us? Remember those casinos are here to make money and we are just using them to have fun. If the casino knows that several players can get wins consistently, the casino will suspect whether the player wins by cheating or using bots or is it just luck. But considering that the current AI algorithm cannot work optimally, for example, the casino will suspect that the account has won because of player fraud. But if AI has become more sophisticated than it is today and managed to beat the casino for some time, the casino will not allow it to win again. The casino will do something to prevent players from being able to win using AI. And it's natural for casinos to do that so their gambling business can keep running and the casinos can still make a profit. Actually, casinos from now on are already preparing to counteract AI behavior that can be used in gambling, such as for example someone wins in a row and the system detects that there is abnormal behavior in the gambler's account and the system will tell the security team to freeze customer accounts and verify all bets.
There is no chance that can beat the casino even though AI really can be relied on. They already anticipated this kind of scenario in gambling as they wanted to remain unbeaten than make their casino lose. In the case that AI is better than them they will create another to stop it. Therefore, I was expecting such a developing trend to see someday. If might not happen, I will think that casinos will ban the use of AI to play on their platform. But until now, we never hear in public that someone who uses AI in gambling outplays casinos. Well, we don't want to hear also that the use if this stuff is a form of cheating...not for now, otherwise. There's no way on beating the house because if there would be some chances or possibility or any tool that it would be successfully able to do so then it would be the end of this industry. Lots of gambling places or businesses would shut down due to bankruptcy or would really be having no revenue just because people or gambler do really able to milk them out. This is why its really that impossible that it would really be having this way. AI is something isnt build for this kind of purpose, there are really just that people who are really that mindful towards about getting advantage on something on where they could make some money. There's no way on beating up the house because it would really be just creating that kind of impression which is something that cant really be that possible. |
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1094
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Bitcoin / Bitcoin Discussion / Re: How to convince a sceptical person to buy Bitcoin ?
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on: April 24, 2023, 08:59:22 PM
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Although within this community Bitcoin is practically the only currency in which everyone believes, just look around a bit and we will find thousands of people who think otherwise.
At this point I wonder, what reasons should we give these people to make them realise that Bitcoin is a right choice? The first argument that comes to mind to convince a person who is sceptical about Bitcoin, is first of all that with Bitcoin you no longer need to delegate the custody of your money to a third party (banks, mutual funds, etc.): you are the master and you hold them. What else would you add?
You shouldn't do that. If a person is skeptical towards Bitcoin, he doesn't deserve it. For years I've tried to persuade people to buy Bitcoin but failed every single time. Let go, you can't do that. Everything will come in due time, it means you're too early and their time has not come yet. Most of them will buy but much later and at a much higher price.  I have given up that on long time when we do speak on telling someone about Bitcoin or cryptocurrency benefits and its usage which of course they would really be that skeptical on first approach. Most of them would really be that skeptical and raising up some question about this and that and on the time that you would be answering them on best as possible, they would be still ending up on negative and the worst on the time that they would be making out some investment and if it losses or in reds then you are the ones who would really be that to be blamed on what happen and thats a shit feeling that i cant really be able to accept. lol This is why i never had that kind of consideration on teaching up someone unless if they would be approaching to me and asking about it or simply having that curiosity which i might consider but offering that free lesson or teaching about it then i wont really be doing such thing.Its better that they are the ones who would really be able to realize on what they should gonna do. They would really be indeed that late if ever that thing happens. |
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1095
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Economy / Gambling / Re: STARTING OWN CRYPTO GAMBLING SITE
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on: April 24, 2023, 08:11:00 PM
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An advanced AI can be used for customer support, but gambling site owners should not think that human support can be completely replaced by it. Look what ChatGPT replied to my question "Do you think in the future an AI like you can be used for customer support?":  There are things that "only a human being can provide", and we should not forget about that. But that's Support. What about games like slots? It's interesting to speculate on how an AI can be used in this field. but as I experienced there are some casinos outside the forums that have implemented AI as a customer support helper when the problem is not so complicated the bot or AI will respond quickly, but if the question or problem is more complicated the bot will give instructions to chat directly with the support team original. so it's likely that most casinos already have AI in place for use on customer support to help the support team answer less complicated questions. regarding AI being used in the field of slot games, it will definitely be more complicated to learn and I had thought like this but I again ignored my thoughts because I thought it would be so complicated to understand and learn. Well, personally, I will always prefer the attention of a human being than that of an AI, because the AI will always give very general answers that are useful for many things, and then one as a player is worse off, one needs immediate attention and what The prbrobelma is Requested immediately, some casinos prefer AI because they know that they save on paying salaries, but at the end of the day nope they save nothing, because that way many customers are lost,and a casino will always be a casino as long as it has players and customers, the rest will go bankrupt. This is what i do prefer casinos which does have that real human customer support system on which they could really make out that real interaction into those users who do need up some help. Yes it is really that understandable on why they would be having those automated questions and answers whenever you do have that kind of similar question to save up time and saving up resources or expenses on hiring some but we know that there are really that things which cant really be answered out by any AI or something that automated responses on which issues been raised does really need up that certain staff approach or response. Whenever you do have consideration on building a casino then you should really be that mindful when it comes on having these factors or key aspects about active support system. Yet this might be the least needed but having none or would be automated or given out answers and questions arent something that helpful most of the times. |
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1096
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Economy / Speculation / Re: Bitcoin is going down.
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on: April 21, 2023, 11:02:28 PM
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I agree that what is happening is not a real bull run, this is a short-term bull run, and Bitcoin could still correct below $20k anytime. But if I say that this is not the time to buy bitcoins, I disagree entirely. No one can be sure Bitcoin will drop again, it's all just your baseless prediction. And if compared to the old ATH, the price of $30k is a very good price to accumulate bitcoins.
I agree with the fact that Bitcoin price is unstable and that the bull signal in the last couple of weeks back was a short-leave bull tendency and the possibility for the price to correct below 30k for a while, but to say Bitcoin will decline below $20k in this current bear season is quite unrealistic and should be flagged off. I think Bitcoin will go below the current correction price of 27k since that is the 3 months possible correction cycle for this period studying Bitcoin's previous chat. I won't say that this is not the time to buy Bitcoin since most Bitcoin market specullators predict a further drop in the price, but then I will take the current price drop as a discount to cash in on the moving train for the next bull season. Lots had been anticipating on breaking that 30k support which we did really stay up on this level for some time or moment but eventually it didnt break out on reaching 32k and next on 35k. We are now on a correction on which it would really that a normal thing here on crypto space on which it had been moving and volatile since day 1 and if you've been here on this market for a while then seeing these drops isnt really that something that would be shocking you but rather seeing these things to be an opportunity for you to get in and make profits once the market would be having a recovery. |
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1097
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Economy / Gambling discussion / Re: Do you agree with ChatGPT on the club that might win the premier League?
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on: April 21, 2023, 10:52:39 PM
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Even though the AI didn't match the correct 1st club of the league, we can't deny it was pretty accurate inside an error margin which is completely acceptable when trying to guess the correct winner of a competition. However, it just confirms what many members of this forum are saying since a long ago: to use an AI isn't guarantee of winning on sports betting on long term. Future events can't be foreseen with assurance by gamblers, much less by AIs.
let's accept the fact that AI will have their basis based on previous stats or data, as that's where they are getting their answers from. the future events won't be in their system yet. but the info actually is already good if you have no idea about this league. but we have seen the limitations of its answer. this is why, if you do want to win on this sports, much better to hear opinions from long-time sportsbettors. humans still have better version of analysis. Agree, no system yet has been built that can predict the future outcome of some events so its really shitty thoughts that you could win accurately on those events by asking AI about possible result. Gambler who believe on such thing should need to consider the real time events since sometimes AI cannot help them up for that and they should do their own analysis base on what currently they see on the league. People do really love on attaching on things which are really that not relevant at all considering that future events and situations which is really that bound to happen which its not something that could really be known in advance.There's no way on predicting on what would happen in the future or simply it cant be possible, no matter how advanced the AI would be but still it would really be something that cant be possible on knowing the outcome or the results of a certain event or game. This is why same as you said about these shitty claims and beliefs is something that should be removed on someones mind because it cant really be just that possible. |
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1098
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Economy / Economics / Re: How do feels losing money?
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on: April 21, 2023, 09:56:19 PM
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you should not easily believe that, but from there you will learn to use your money and divide your money to diversify, so you will not lose large amounts of money to spend it once, i know that feel but nothing you can do now, just learn from your mistake.
Mistakes will make us better as long as we want to learn from these mistakes, losing money is definitely not fun and we want to make a profit, the most important thing is never tired of learning from wherever it is. When you are a complete noob then you would be thinking on completely stopping on the time that you would be experiencing some problems or errors but if you do keep on pushing and pursuing on learning up things then you would be able to do so because thats how reality or thing works on which you might be able to miss up situations something like this but you do really be able to learn eventually which it would really be making yourself more better in next time encounter or dealing. Losing money doesnt really give out that best feeling on which it would really be just that normal that you would really be having that kind of reaction because we dont really like on losing money in the first place. |
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1099
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Economy / Gambling discussion / Re: Do you take Part in Gambling Lotteries ?
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on: April 21, 2023, 07:58:13 PM
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That's the reason why I seldom play with lotteries. I'm impatient to wait for the result though we can admit that they really offer higher prizes compared to other casino games. I just don't feel lucky playing lotteries and it seems like there are only a few people who are destined to win on it. I know someone who win the jackpot prize almost every other month and she doesn't really have any pattern or strategy but only pure luck.
That's the mechanics with lotteries and it's like a prize pool that's been assumed and will be taken from each other's bet. It's one reason why it takes time and if you're impatient enough, that's okay this game isn't for you but it's open for everybody who's going to think about of betting on it. Having a huge prize is enticing everybody but this means that it's also hard to win on this game that's why I know people that have been betting with lotteries for years and it also took them years before they've experienced to win. If you are lucky then you might be able to hit lotteries on your life time and i've known some people who do also bet on local lotteries which until now when they are already old, they do still make on the same thing and hoping that it would really be something that would be changing up their lives which i could really say that there are people who are really that dedicated on wanting to hit up some lotteries no matter how long it would be. When it comes to online lotteries then it would really be just the same. Trying to guess out numbers on certain manner does impose on how many chances or odds of winning where it it is really that close to impossible and this what makes me uninterested at all. |
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1100
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Economy / Trading Discussion / Re: Never Trade on Emotions
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on: April 20, 2023, 11:51:34 PM
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it's better if we don't get emotional when trading, because that can make trading chaotic, it's proven when I did it,
when I first traded in futures the emotion came because I felt I was winning and kept doing it even though I was already profitable and in the end my profit was gone in an instant,
I hope you also don't feel sad like me.
You are not alone. Many traders, including competent and professional traders, have suffered significant losses in trading before. That is why, even though we have the same strategy, our execution differs since we have emotions and apply psychology every time we trade. They say that if you have a string of losses, you should rest and engage in things that will help you ease the stress cause by trading, and this is accurate. Dive, climb, travel, and other activities are among them. Personally, I enjoy going fishing and playing basketball. When I feel better, I will resume to trading. You needed that rest not to continue your losing streak, most of the time when traders keep trying to push forward to recover their losses they find themselves losing more, and it's not only those newcomers but also experienced traders suffers from this problem, and the good thing is to find a good diversion to regain your focus and for you to find the right sets of strategy before trying your trade again. With better analysis and assessment, together with fresh mindsets, you'll be able to find the way to slowly go back on track. When you do see a particular session or time on which you are experiencing losses or streaks then you should consider on having a break or stop and reassess on whats going on or simply trying out to relax because there are really times which the market is really that too unpredictable or does made out some random swings which it would really cause up for you to stir your emotions and if you arent that good on handling your emotions then you would really be definitely be able to commit lots of errors and mistakes which is something that we do need to avoid as much as we could. |
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