This thread is actually for those who have one way or the other mentioned on this section of the forum about catching fun in online gambling so as not to get addicted, which I am sure I am not the only person who must have come across this.
I totally understand that you can at least have some fun in real life casinos since there are people around you can gist with, you can even go with friends, there are other activities you get to lay your hands on etc, which can actually divert your attention from the impulse that comes with gambling and rather focus on the fun, instead of trying to win at all cost.
However, in online gambling, I really want to hear from those who said they can have fun doing so, which to me, it is more like virtually everyone gambling online is actually in it for the money. At least, I have gambled on freebitco.in dice few times, and I was bored as (whatever you want to fill in here), with the whole martingale strategy, that I had to look for a script to use while I just kept doing some other activities. Although, I know some platforms like cryptogames have a chat system where you can converse with other gamblers, but all these to me, still does not sound like fun compared to traditional level.
Please enlighten me just in case I am missing something here or do you share the same view?
Like I always maintained, the only fun in gambling is when you are winning and because that cannot be guaranteed totally, you get bored the moment you are losing money. For those who still continues after losing large chunk of money, it is no longer fun to them but rather the quest for revenge driving them to continue but to hide that, they claim they are having fun. I wonder what the fun is when you are losing your hard earned money regularly. I have been involved in series of online gambling mostly the dice and sport's gambling and I have come to discover that the ninety minutes of the match are usually the longest wait I had to in knowing the outcome then I smile when I win when the opposite happens, I just move on, nothing to be happy about and I think the same thing happens to people. When I want to have fun, I hangout with friends and colleagues to have a nice time. |
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It depends on your investment plan, if your idea is profit without setting a cap for gains, it means that you may lose because of greed. "20,000 is not enough. I want to wait until I reach 100,000  ". Cash out process depends on your country and the amount of data "Docs/ID" you are willing to provide, getting cash "anonymously" becoming more difficult with a small amount of money and vice versa. The best way is trading platforms due to lack of opportunities to scam "if you deal with a reliable platform." Human needs are very well insatiable. If bitcoin should reach $100,000 today some people would still wait till when it will reach $200,000 despite the fact that the $100,000 is what they have been aiming at since years got into bitcoin in the first place. How to cash out to me is one of the simplest to do and agree depending on your country. There are several options available there is direct sales to individual, there are exchange sites that pay directly into banks, there are also peer to peer sites, you can even use it to buy goods among other means. Just choose one that best suit your needs without raising unnecessary eye brow with the government or any of its agencies. |
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Saving money in a savings account is like putting money in a pocket with holes. Banks only give you interests that are lower than the inflation rate. It‘s how they make money. You are better off investing in ventures (Crypto currency) that give a return higher than the inflation rate.
Of course that's how they make money. You don't expect them to borrow it out at the current interest rate and also pay that interest to customers where do you then expect them to pay for staff cost, the facility they ensure they funds are safe, the maintenance of security infrastructures, the cash reserve ratio and the whole of other incidental costs to ensure they amount is safe with them. You don't conclude that one is better off investing in crypto currency just because of this returns what if after the returns, the exchange sites is hacked via insider job, or the wallet itself becomes vulnerable, the coins invested becomes delisted, government itself ban the use of crypto currency in that country etc. Now, because of how wise customers are in terms of investment decisions, banks are trying hard to increase the interest rate to as high as 10% for some banks, negotiated fixed deposit rate, several promotions to increase saving habit etc. I think for a smart investor, its better to know the right combination of the two. |
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I am sure a lot of people didn't bother to read more and understand the crypto currency being talked about here just assuming that its bitcoin or the known coins we have come to be aware of in this crypto ecosystem. Of course crypto currency is going to boost the economy and save a whole lot of costs that is being expended in printing notes at intervals and having to build safe rooms all over to ensure security couple with the cost incurred to move it from one place to another. This would be basically eradicated with the presence of crypto which the paper clearly outlined but the concern there is how would both cash and digital currency co-exist which is something they are yet to figure out and I think that should not be a problem at all as crypto should be rolled out on a phase basis while cash is still being used. Another area of concern is because the crypto they are talking about is purely state backed crypto and how they want to convince those already aware of bitcoin, ETH and others to adopt that fully is way out of imagination. |
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ranking of cryptocurrencies becomes outdated in my oppinion, its quite easy to create a currency which has a higher marketcap than bitcoin, but a corrupt sect arround the indexes prevents listening of those.
with the end of national banking cartels a time called "coins of style" will come, in this it will be more about a cryptocurrency and about its management and much less about a pretended selffullfilling ranking.
this could then also help prevent to get the market divided into new marketmovements. that want to free themselves from attention monopolies of established top 10 coins.
etc.
regards
I think your are totally spot on with this observation because it just continues to create some form of competition when there is really no need for any. However, I think the ranking is from the people who attach importance to it because there is no way there won't be some listing on coinmarket cap, blockchain.com market, exchange sites listings and the likes and one must surely come before the other and the generally accepted parameter to achieve that cannot be alphabetical order, neither can it be time of existence but rather the market capitalization. What we should promote is that decisions about which coin is better or not, should not be based on just listings. |
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The law commission of India, which has been studying the feasibility of sports gambling, has clubbed virtual currency with other legally accepted modes of payments.
These methods used for settling online transactions can also be used for betting on sports if and when made legal. Lets see the court decision in September.
I would appreciate if you would have included the source of your news here. That being said, the opinion of committee members does not amount to the law and that is what the court is expected to interpret come September. The laws are already there, the sole decision is on the judges who will be sitting on the case and the only way I see out of it is if on the part of government they intentionally presents a bad argument to favor a better decision for crypto currency. Other than the above, the committee can only do a more robust work rather than expressing an opinion because that won't be enough argument for acceptance on the part of government but a framework that encompasses the interest of various groups which could then be turned into a bill to be presented to the parliament for discussion and ultimately becomes law in the long run. |
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I always thought smartphones were a lot safer due to most likely less malware targeted at them(though not 100% sure), unless your phone is rooted and you're giving a lot of special permissions to random scammy apps. Though I've always though up to date iPhones were more "secure" compared to Samsung phones or android phones in general.
Nothing beats a hardware wallet over-all in terms of security+ease of use though.
The article is really an eye opener from another angle. But the argument I have always read about the more secure between laptop and mobile has not been significantly disadvantageous to mobile as majority of the argument is between web wallets and desktop wallet in which the bone of contention has been who controls the private key. The only issue I see here is how to then store the right way because only few people would know about TEE and majority if the mobile version of desktop wallet are "plug and play" where you just need to install and run without doing basically any technical job. The onus of ensuring this to me, rest on the developer of such software to by default save private keys in the right place. |
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I just read about how bad the economic situation of that country is with serious hyper inflation battling with them over there close of one million percent and every policy even the restructuring of their currency not addressing the challenge that they have at the moment. Its unfortunate that the managers of such economy have failed in their basic duty which is to ensure people gets something to eat with their minimum wage which I don't see as asking for too much from the government that ask for your help in having the power to rule over you in the first instance.
I would like to see a platform where one can donate but that is really not going to solve the problem rather than putting pressure on world economic advisors to put pressure on that country to do the right thing. Several countries have been in the same position before and they came out. Its time they start to do the right thing the right way for the benefit of their citizens.
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It seems you have a great idea and outlining them on a step by step basis which shows a well thought out process that would work. But in my opinion, you have not addressed one important which is what led to the closure of some of the sites you want to model your idea after and the same fate might befall it if you don't address it.
The issue is about copyright violation. You talk about people uploading to earn token while some other people who want to download would buy token to do that but nothing is said about the original owners of the content being uploaded. Except the videos are personal videos which I doubt anyone would be interested in downloading, it sure mean its another person work, that would be uploaded in forms of videos and audios. How do you handle the payment to them? You made mention of Netflix but the reason why they can be referenced, is because they do the right thing.
Hi I wanted to think before to reply to you. The idea is to emulate the bitcoin blockchain that way nobody have really control of it and the system cannot be closed. About copyright violation, i'm pretty sure 99.9% of torrent users don't use it do share personal files, they do to download most of the time copyrighted material. About payments we need to build a system that works automatically, as I said everything must be working without anybody having control of the system, otherwise it can't work. This project is hard to handle, but that could break the censorship barriers for good, imagine a system where people can share whatever they want without having anybody interfering by blocking a specific content. I don't think nothing like this has never been done before, bitcoin made possible to send funds anonymously, this project instead could be the first ever project that can protect users's identity and the same time have access to everything is available on the net without having any government censorship. Thank you for taking time to respond to my query but it seems you have not quite addressed the issue I have raised adequately. I will try to put it in perspective. For every movie I stream from Netflix, or songs I stream from music store, a certain percentage of the amount I'm being charge goes to the producer, writer or singer as the case maybe as a payment for his effort. But for your platform where someone can upload content, then I can download a video by paying for it then upload on your platform to earn money because of those that would be downloading it without any amount going to the creator of such content. How do you intend to address that? |
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Well, i've got it.
I don't have enough evidence except 10-20 minutes span in registration, 1 language and 3 hours interval of logout on 20th of july.
I will keep an eye on them to have more proofs.
Unfortunately, there is nothing that can be done and they might even get away with it because you didn't take your time to do due diligence to understand what the community would rely upon to act against them. For those that are smart and they get to know about the thread, they would then be smarter not to get any transaction to link them together or try to find a way to erase existing connection between them which if it takes a long period to find anything, you would also be tired and conclude maybe its just a mere coincidence which I believe its not. |
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Recently i was working on a project related to Altcoin listing on different exchanges. Strange i found out too many new exchanges and people are trading well over there. Don't you guys think there should be limited number of exchanges and regulated ones? (Many new exchanges are nicer too and competitive but there is always a trust issue there specially for new investors). Your thoughts.
There is nothing in the number of exchange sites wee have currently. The only concern is to be sure that they are not out to scam people. The market is a large one and those tier 1 exchange sites can be said to have reached their capacity and that is why they are in one way or the other lacking in meeting clients expectations. They tend to treat people as if they are begging to them to make money for them. Again, in the traditional world, we have several banks with each also having different branches which most times are built beside each for some advantages though and they don't have problem with each other because the market is enough for each and everybody to feature and attract customers. There is need for more dilution of the market so that when one of the exchange sites go down, it effect is not obvious in the crypto market. |
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It seems you have a great idea and outlining them on a step by step basis which shows a well thought out process that would work. But in my opinion, you have not addressed one important which is what led to the closure of some of the sites you want to model your idea after and the same fate might befall it if you don't address it.
The issue is about copyright violation. You talk about people uploading to earn token while some other people who want to download would buy token to do that but nothing is said about the original owners of the content being uploaded. Except the videos are personal videos which I doubt anyone would be interested in downloading, it sure mean its another person work, that would be uploaded in forms of videos and audios. How do you handle the payment to them? You made mention of Netflix but the reason why they can be referenced, is because they do the right thing.
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Loneliness and dissatisfaction when related to gambling to me is the aftermath of gambling addiction because when there is no money again and no where to get the money to achieve the thirst to gamble, those two vices sets in. As a cause for it, I think people go into gambling to multiply the money they have based on knowledge they have about a particular line of gambling. Its just normal to assume that "since I have adequate knowledge and can predict, why can't I just make money out of it?"
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Most human economic activities are influenced by the need for money. But why can anyone not become rich?. What are the reasons why others work hard yet they are still poor? Why can't we print enough money for everyone? Questions like this do appear but there are reasons the answers are opposite.
If the answers to all those questions you asked can be answered, then we have practically solved say 98% of the world's problem while the remaining 2% will be due to greediness and non contentment nature of human beings. The solution to being rich is really not in the basis of working hard alone. Its a combination of several factors among which would include level of education, family lineage, the economic condition of the country and a host of other factors. Printing money for everyone to be rich is just not the right answer because if we are all rich, no one would want to sell groceries, nobody would want to work in factories, no one would want to be cleaners to clean the streets or nurse who take care of the sick, the mechanic that fixes cars or the teachers that teaches our wards in school. Every unit and economic level exist to make the whole world habitable. |
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For the fact that stock price falls by that significant percentage does not mean that is the beginning of the end of the entire industry. The going down of Facebook shares is not something that should be surprising to anyone in the know in the scheme of things. A lot of people have moved to other platforms where they get more fun couple with the data abuse controversy that happen sometimes ago. The current downtrend is not expected to be permanent with the controversy wearing our gradually, the review of their advertisement policy on crypto, the rolling out of new features of videos, things would surely improve and more importantly, stock price is most importantly determined based on emotions of market participants. |
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Two days after postponing the decision on Direxion’s Bitcoin (BTC) ETF Proposals and five other bitcoin ETFs filed by NYSE Arca, Inc, SEC has come vicious this time as it shattered the dream of Winklevoss twins of launching a bitcoin ETF. This is the second time in two years that Winklevoss twin’s application has been rejected. Now all eyes will be on CBOE- SolidX Bitcoin ETF which should be next in line for SEC for approval. Although the precedents that the SEC is setting are not really positive, some experts still believe CBOE application is something that can get approved. Reff: https://coingape.com/cboe-bitcoin-etf-holds-chance-sec-rejects-winklevoss-proposal/While the effect of this would have made everyone laugh should in case the decision came out positive, I think its really good its happening so everyone can move on from this tying of destiny on ETF approval which might would come with disappointment eventually. For those waiting on the postponed decision, I would not be optimistic about it except there is something significantly different from the ones they have rejected to get another opinion from SEC which could even create more problem as speculations of would rise as to some form of victimisation against the Winklevoss twins for launching their own product first. |
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Am delighted coming across various news and online posters about how higher institutions in different countries of the world now talk about bitcoin and cryptocurrency. They as far as organising symposium, seminars and conferences on cryptocurrency related topics.
This development is a sign that awareness is now been circulated to the younger generation and to me is a good omen and a welcome development towards the establishing a firm standing of cryptocurrency to the world.
Few days ago, I was in the middle of finance conscious friends and their discussion about how CFA institute has included blockchain as part of topics to read for exam I.e including it in its syllabus and the feeling I had when they talk about crypto currency in the most crude and basic manner is more than being delighted but an assurance that crypto currency is here to stay and the recognition its getting from such reputable institute shows that its a force to really reckon with. New like this should really be publicised beyond the forum to those are still skeptical about whether they are on the right path or doing the right thing that for the fact that you found your way down, you have never been this right before. |
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When hackers steal my sensitive personal data stored by a company,I think that I have the right to sue that company for compensation.Those companies have to maintain a strong level of online defence and be responsible for any break in their security.Those KYC laws are dumb,but there`s no better system for indentifying suspicious people.
But how would you know which exact company your data got compromised. A lot of people have accounts on several platforms and you fill your details on all of them because you need to have unrestricted access to the services being provided. Hacks still happen today even to reputable exchange sites but because it does not involve movement of funds and not getting the right media attention, it looks as if nothing happened. I really don't have issues with sites asking for KYCs but concern is who is ensuring they themselves are not compromising on the information entrusted to them and it being uniform rather than arbitrary request that we see on every platform. The moment that is addressed, I think its all going to be for the best. |
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This forum was created for people to learn more about bitcoin and not to hate it or spread false information about it. Guys, is it enough that these days we sit here  and here all sorts of FUD being spread about bitcoin saying all sorts of things which are not true??? Let's not forget that it is as a result of these these FUDs that brings all sorts of panic sells which brings the value of bitcoin down and what bores me is that at the end the come back here and say, "Finally bitcoin is dead" forgetting the very fact that they were the very ones that caused it. But they can't because bitcoin is still strong. Censorship has been discussed several times on the forum but stopping people or banning them in a way going to be against the spirit of decentralization which the very fabric that bitcoin itself relied upon. For me, I would subscribed to the idea of more enlightenment on the part of those who are in the know so that people especially newbies who are easily swayed by FUDs can have the right information to go on with rather than outrightly introducing a form of ban to those who spread the FUD. The difference in views of participants in the market is even making it an interesting one. |
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Financial experts and theorists say ETFs can have the same if not BIGGER effect on BC price than futures, which can send BTC soaring to 20k and beyond!
Do you guys belief this hype? Will the be the catalyst that sends crypto soaring with institutional money? What are your opinions?
I have been waiting to read who are these financial experts and theorists that they have no other option than to be optimistic about every situation. The same experts that predicted in January that when Wall Street guys receive their bonuses, price of bitcoin would increase. The same people who predicted that the when Chinese holiday is over price will increase and the same set of 'experts' who predicted that because of the trade war happening between the United States and China, the price of bitcoin could reach another all time high. But unfortunately, all of those predictions have ended up being false. Just like the thread I had commented earlier, whether ETF or not, the price of bitcoin would still rise and fall and the earlier we started to realise that the better for everyone to start banking hopes and false positives. |
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