I can relate. I've been in yolodice campaign since January 2017 and a few times felt a need to "spin the wheel" before cashing out my cashing out my campaign money. That's how these campaigns that send money to your casino account work. They make you play because the money it's already there waiting, bets are just a few clicks away. Losing money didn't hurt at the time, but it started to do so when bitcoin pumped.

I also did increase my bet after a loss. Not a typical martingale with 2x but often 3x or 4x with enough money to only bet 5 times in a row before running out. Easy come, easy go.

Why would hodlers have problems?
Nobody knows that you're a hodler until you tell them about it. Even if you tell someone there's no way to prove it, unless that person also knows how you got your coins or you paid for it by sending money from your bank account to a centralized exchange.

Then what happens if they told people and there's AML rules?
Again nothing. AML regulation is not a ban. They can't ban bitcoin because they're a member of the EU the EU already has laws regarding it. Bitcoin companies like ATM operators are already a part of EU AML procedures.

I see you haven't even read OP's post and because of this you think that OP has a problem with a casino. OP doesn't have a problem (or at least hasn't told us about it), he's just sharing a site that helps people who do.

Casinos won't fix your addiction for you. It's like asking a pizza seller to make you stop eating pizza.

The site may help, OP, but I think that if someone really wants to quit he'll do it with or without such sites. On the other hand if they don't want to quit, they won't. You can spam them with support groups and make them self-exclude but they'll still go back to gambling.

Bitcoin isn't a stable coin and it will never be one so the question about it one day becoming stable makes no sense. People have already answered that part.

Volatility will keep decreasing and it is decreasing. You can see that in the bear market lows when in 2011 and 2012 you could see 90% corrections but as time went by they became much more shallow. In 10 years if bitcoin keeps growing it's going to be a rare thing to see a 50% correction in the bear market but there still will be one.

Theoretically if bitcoin had very small volatility (10%?) I'd still invest in it. I'd prefer a stable growth of 5% a year to 100% followed by a 70% drop.

If you're betting fiat money on bitcoin without buying said bitcoin, you're involved in virtual trading.
Ask yourself a simple question. If you can short or long bitcoin, with leverage if that's your thing, why would you choose to buy a virtual contract that follows the price of bitcoin instead of the real thing?


Thanks for your advice, but I'll simply stick to buying bitcoin. It's much more convenient than buying bitcoin futures.
Sure oil or copper contracts exist because most of us don't have a way to store large quantities of these materials. This doesn't apply to bitcoin though. It's very easy to store and move around.

There are much better options, like the one in Germany where you have no tax if you can prove you held your coins for more than a year.
Or you can go to Poland, they have 17% income tax up to 25 000 EUR and 32% on whatever you earn above that.

56% income tax is probably one of the highest income tax rates in Europe. Usually found only in the cold North like Finland and Denmark. Their tax rates and food prices can make you consider suicide.

High hopes are great, but high expectations not so much. You shouldn't expect anything to be given to you, but you should be a believer in everything you do.

Those who throw money away without understanding the investment and believing in its success you're going to be scared easy and made to do whatever the ones that pull the strings want at the time. They can feed you false information, manipulate the price but all of this can be only done for a period of time because it costs them money. A person who understands the technology will not get distracted but a newbie with high expectations will and will get destroyed in this market.

And I don't believe at it. Beginners luck is just the way more experienced gamblers comment on newbies who win. It comes from envy and their ignorance of the facts that despite lack of experience these people managed to win which shows that experience has very little to do with you winning.

It's all random and some beginners win while others lose but we tend to ignore the losers and saying that it's normal but when someone wins we look at them closely to find if there was a trick, or luck or whatever.

I'd say that it's getting better because online gambling can at the worst cost you some money but you won't get assaulted trying to withdraw cash from the ATM or coming back home with whatever money you got out from the casino.

Online gambling has its pros and cons and I'd say that it's more addictive than gambling at a physical casino but your physical safety is as high as it can be and if you decide to play at a licensed casino you at least won't get scammed. The only problem you're facing nowadays is the game itself.

Many exchanges fake volume and this was already done by the Chinese like Huobi in 2014, so I bet FTX was messing around with it too.

They had a lot of deposits but mostly from people they lured into the scam by paying them like Tom Brady who got paid to promote it and moved his own money into the exchange thinking it to be legit.

A few days ago I heard they even own money to Netflix. I don't know what that company was doing with FTX but that's apparently a fact. Binance also helped them a lot by investing and promoting them which pumped the exchange more than it should. Many people are guilty here like O'leary and CNBC who kept talking about the generous billionaire all the time.

FTX is dead, it should stay that way and shady people involved in these scams should be avoided like a plague.

Because futures trading is a scam. You're doing virtual trading where your gain or loss depends on the index, not the real price of a coin and you don't own the coin at any moment.

We could say that in spot trading you also don't own it because the exchange has it on its wallet, but with futures it's possible to never have it and still lose money. You buy a contract with fiat money and when the contract ends you get fiat or lose fiat but you never own the coin. That's why the SEC doesn't want to allow a spot futures ETF because they want to keep the scam manipulation going.

Futures prices are so disconnected from reality because they aren't real. Stay away from it.

What happened to the financial department. The boss has to install the wallet himself now?  
These fake business people crack me up every time.

Wait a second I will let my customer service agent contact you
<logs into another account>
Hello this is Saxydev's customer service, how can I help you?
Ok, we will send the request to our financial department, please hold.
<switches account>
Hi, this is financial department, we're going to send a request to the wallet operator...



Here's a picture of the CEO, CTO, CFO, and the whole customer service department.

Most EU countries have no KYC limits of 1000 EUR with no KYC. I think there was some new regulation put in place in late 2021 to limit that. Before it used to be 10 000 EUR. I remember transacting like that with no KYC in 2019.
I also used to buy Amazon gift cards first at bitpanda exchange and then using bitrefill.

As for 1000 EUR limits it's really easy to withdraw more if you want because the limit is imposed on a single transaction, not a single person. The ATM cannot identify whether it's you again or another person. I've been withdrawing 2 or even 3 times the limit on more than one occasion.

I second that.
Some statistics say that 90% of people lose money trading stocks and cryptocurrencies are even more volatile, manipulated and hard to predict in the short term.

The best way to profit from bitcoin is to buy as low as possible and hold because whenever you buy you can expect the manipulators to try to crash the market to scare people like you and make you sell and lose money. It's important to ignore these sudden moves and wait for recovery. A good example of such move was the selloff created by FTX. If you bought at 20 thousand, sold at 16 thinking you can buy back lower maybe at 15 or below, you'd have to take a loss but if you ignored that move knowing it's just panic, you'd be back on your feet in just 2 months.

OP, you should check out videos from bitcoin conferences. There's so many of them like Swan Bitcoin. Pomp is organizing a conference right now and it's free, you just have to sign yourself up.
There's a lot of people coming to these events. You probably would like it to work like a magnet that you wear a bitcoin t-shirt and random people come to say hi.

If you asked me in a public place if I hold bitcoin I would think it's some kind of a survey and be cautious. I'm friendly but there's so many scammers that you can never be sure of people's intentions.

That shows there's no definite answer to OP's question. It's like with that old saying that bartenders don't drink, because they see so many people get drunk every day that it takes the pleasure away from the drink.

It's the same with mechanics. Some repair cars in their free time after work and some can't look at this stuff when they get home. They prefer to watch TV or something.

If I were to say I'd expect most casino owners to gamble much less than their clients do.

As a matter of fact, they've been only holding his money for 2 months. The investigation can take 6 months but it doesn't have to. I see no reason for it to take this long.

I feel like 6 months should be there only to give the casino the most time allowed by law, but it should be a margin of error, not a routine.

A normal investigation should take up to 2 weeks and after that time the player should get an explanation.


There's a huge difference between 1xbit and Jackbit at this time. One is a casino with multiple scam accusations, the other has 1 and it's not solid yet. They haven't scammed anyone, at least in my opinion. Let's wait a few weeks and see if this gets done by March. 3 months should be enough time to check someone's account, even if T&C gives them more time.

A mechanic can have it in their TOS that it can take up to 6 months to fix a car if the damage is extensive but it doesn't mean small problems can't be fixed in a day.

Especially with all the regulatory uncertainties. These days you have to watch the regulators all the time. One day they are ok with what you're doing the other day they attack you, like the SEC did with staking in the US.

It's not the crypto system that is broken and uncertain, it's the politics and the corrupt financial system that is making crypto volatile. I wouldn't want to run a crypto company if they could raid my house at any time claiming my site accepted coins from a hack or I don't have a money transmitting license or something else.

Maybe this is a way to deal with them? OP should try that.

If they have 6 months written in their T&C, there's not much you can do. It's not a scam as long as they return the funds after 6 months. It's how those "legit" cloud mining sites were operating by giving you your money back if you wanted it but without any profit on top of it and it took months before you found out that your contracts aren't going to make you any money. You couldn't call them a scam because they had it all in their T&C and were returning the money at request. They were making money by mining with hardware bought for money deposited by you.

If I were a Jackbit representative I'd try to expedite things so that the least people possible get to know about this situation. It would be a waste of time and money to advertise on a forum where you have open scam accusations. Either accuse the player of something or return the money.

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