KYC could prevent money laundering in any platform, not only in casino because with this, the transactions of each account holder could be monitored and reviewed, especially the moment the system flag something suspicious and unusual on the account. The system can easily pinpoint the account which has in and out transactions amounting to big amount that could possibly an act of money laundering.

While it cannot really fully eliminate and hinder money laundering acts, it could definitely lessen the occurrence. Once the account is found and proven to be doing something against the TOS, the casino can suspend, permanently ban, and confiscate the fund without ever returning it as a punishment for the fraudulent activities done.

This should be a common knowledge.

Players shouldn't really try to cheat in any form just so they could take advantage of the casinos benefit whether if it's a vulnerability or not. But of course, not everyone has the same moral compass so we could only remind them about the repercussions of cheating.

Cheating on a casino or any gambling platforms is considered a grave offense. Most of the time this is already stated in their TOS and the punishment is will depend on what they deem necessary such as suspension of banning of the account. In an instance it is proven that a player cheated, they can no longer access their account nor make any transaction on it to recover what's left. Hence, it should be an enough warning to everyone.

Now that you've mentioned this, it made me think too. If there would be AI cameras installed in physical casinos, most probably the cheating issues could be resolved and monitored closely without the help of staff lurking around the premises that could bother the other players. Although we can't really say for sure if there wouldn't be error on the reading of the AI but it could be a great start to remove the interest of those people who want to cheat the other players or the casino itself.

However, I'm still a firm believer that AI shouldn't be the sole reliance for every instance. Human intervention is still needed even from afar. So, maybe incorporating AI tech with better security will suffice.

It's their RTP, your skills, knowledge, and luck combined that make the difference in winning and losing for every bet you've made. You are playing against the house and most likely, the rules will be in favor of the house to have their profit as well. They'll just give a reasonable percentage or rate of winning and then it will be all up to it and your capabilities whether you will win or not.

There are already provably fair games which makes it known that the game isn't rigged so if you want to know for sure, you can try gambling sites that offer that for your peace of mind. Sometimes, casinos randomly adjust the odds of an account too, so it'll be a matter of winning against the odds given to you.

Same here.

Bitcoin helps me a lot since when I'm still in college struggling about my studies, because for me it's just a waste of time for having a degree where my life is being judge by grades, which doesn't make any sense because for me success cannot be only obtain when you have a degree but on how smart are you when it comes on earning money.

So I dropped out on college and focus on earning and learning about cryptocurrency. I could I am happy and much more alive in my new path.

You made the right decision.

Never ever lend them money especially if you know they are irresponsible people. If he didn't talk to you just because you never lend him money, means he is toxic enough to not have a very much of understanding. That's the toxic trait of most people I guess, they think your money is only for their wants and needs, they never think of like you're saving it for your own good, or your money is already been decided where to spend on to.

I do have a lot of relatives like that, and I don't even care if they hate me or whatever. My life is completely happy even with a lot of haters. Don't let them affect your life, be happy.

I'm afraid not.

The government is the only one that can end poverty by giving opportunities to those people who are really in need of jobs to put food on their table. But sadly, most of the government doesn't really care about their people, in fact, they are using them when election comes by brainwashing them by their sugarcoated promises. Most of the government are corrupt, that's why poverty cannot be avoided if those greedy politicians are getting elected every single time.

Well, that's why they are called "newbie" for a reason, meaning obviously they don't have enough experience yet, and also we should expect more losses especially if they are just newbies. Experience is earned in a very long time process, and not all of the experience will teach you something valuable in return, but sometimes it depends on how you will take those experience, as your teacher or discourager.

Controlling your emotions will be hard, especially if you have a very high pride and big ego. For me the easiest way to control your emotions is when you can easily accept the result, move on, and learn from every mistakes you've made.

It's hard to trust your money from a loan to a friend who trades especially when you're far from each other, it could escalate quickly in the worst case scenario. Also, if your uncle doesn't have any source of income, he would only have a headache on where to get money to pay off his loan. I wouldn't even dare to do such crazy thing like that, well maybe if I'm the one who is going to use that loan money in trading.

I agree.

Sometimes it's not just about greediness, it's about the ego and also emotions at the same time. So the end is they will gone berserk, entering random trades with pure guess technical analysis hoping to gain back their losses but in the process, the truth is they are just piling up their losses instead because of their reckless decisions. And that's the time where they need help, a professional help, because their families or even relatives can't fix them.

I believe you have to be flexible when it comes to trading. Trial and error is the key, if one or two strategies didn't work out for you, try other ones. You don't have to limit yourself from one or two trading strategies, if your old strategies doesn't work anymore, it could be either you're doing it wrong or you need to level up your approach. There's a lot of rooms to grow in trading, you can't make profits if you're not going to get out of your comfort zone.

The price of Bitcoin is always unpredictable, but making technical analysis for it increases your chances of guessing it. For me, it is not that bad to invest your funds on it in its current price, because you're still gonna make profits once it reaches its last All Time High. If you want, you could do 50:50 purchase, buy now using your $2,500 USD then use the remaining half once it dips in a price you wanted.

It's much better rather than waiting 'till it dips below $20,000 again while you're watching its price skyrocketing.

This is right.

Most of the time, people play and bet because they like the thrill of the volatility. There's a high risk and high return in gambling using crypto. Hence, most people gets excited, and they have so much fun with it. They look forward with the idea of winning big and withdrawing big with using only a small profit. Since there's a chance that their money will have a higher rate or even double if they would be so lucky.

However, there's also a risk with this which makes it still fun for some. The surprise of whether they could withdraw high amount or low is what challenges them. I'm not kind of risk taker so I can't really tell. But surely those people have the guts.

I agree with this.

A gambler should know his limitations and boundaries. It's not enough that you just have the money to gamble, but you should also know the responsibility that you have for playing and betting. Discipline is needed in order to not fall addicted from gambling. Knowing when to continue and stop is necessary. One must not chase winnings with greediness or revenge in mind.

Setting aside your emotions will be crucial to make or break a bet. So gamblers must do all of their best to not involve their emotions just so they could have a rational judgment and not a clouded one.

I have this experience too wherein my confidence was beyond the horizon during the betting placement, but still lose it even I was really so sure I would win. This is because i became negligent and impulsive due to believing so much on my capabilities rather analyzing the situation and the risks. So yeah, it was a bit embarrassing and humbling at the same time. Made me learn a lesson which is to assess the possible outcomes first and check whether it will be worth it or not to gamble upon.

Agree. Casinos do KYC to verify that their clients are existing people and are not just faking their identities to suit their interests such as to launder money or to use other identity just to gamble. KYC can also predict young people lurking around the casino website which they shouldn't be a part of in the first place to secure their mental well being and future.

KYC can help casinos monitor the people making transactions in their account and if ever there's something unusual they are seeing, they can easily tap on that person to give a notice and let them pass specific requirements to verify and comply. This is also needed because casinos are being regulated by the country officials to be able to fully operate without conditions, hence they must abide for the good of everyone.

RNG is really important in casinos. It is important in gambling websites and any platform that involves gambling particularly those games which are luck-based because the results should be unbiased and as fair as possible. If there is no RNG, people will doubt the credibility of the outcomes most especially in slot games because it might be rigged and programmed to be in favor of the house which in this case, players will continue to lose due to low odds of winning. The good thing is, casinos do not handle the RNG. They have no access to it so that the game will be fair for both parties. There's a certain company which they get their RNGs on their specific games to draw numbers like you said, which is as random as possible.

But there are also websites, the fake and scam ones who do not have company where they get RNG, and rather make their own program and algorithm to show results in favor of the house to rip off the players. Hence, one must really do his research in order to not fall victim in these kind of sites.

Personally, the strangest bet I've ever made was between me and my siblings. I guess most of us who have siblings has done this before. Way back, my siblings and I would bet on who will predict the next advertisement on TV. The one who gets the right answer of course, will take the money each has bet on. Most of the time, it was our youngest sister who would guess the correct advertisement, which made her earn enough to buy several sets of cheap toys being sold around the market near our area.

It was a fun experience and we were having a good time way back not really knowing that the thing we are doing was already considered gambling at some sort. We still do this kind of bets until now, but mostly it's related to lifestyle and decision making bets which I suppose is still harmless because we only bet what we can afford to lose.

The list you have made actually makes sense which why casinos ask for KYC despite many players are against it. Most casinos are regulated by the government, therefore, they have to abide the rules set for them in order to operate which sometimes include verification of their customers. Additionally, they are also filtering the people using their platforms as an escapegoat to launder money. Thus, monitoring the transactions of each is needed.

However, some people are unaware and oblivious of these reasons which is why they loathe KYC. Some knew, but does not like it still. And I can't blame them though since it's still matter of preference.

This is one of the main reasons why AI has been trending. AI is capable of predicting and answering questions related to almost anything. ChatGPT in particular can even answer homework for a student especially if it involves an essay. There's even recent news wherein GPT helped win a hackathon although I'm not sure if this is verified. AI can do so many things if you know well how to use it to your own advantage.

Although I don't really suggest using and relying solely on AI because they can't guarantee a win despite how nice and convenient they are. I believe it should only be used as a basis but not entirely put your bet on the predicted result of AI because it could still turn out wrong and you can lose your money all at once with just a wrong decision.