lixer
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May 06, 2021, 08:04:01 PM |
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Investors should also be divided into two large classes. The first invest in order to have a constant income in the future (maybe a small income even after a considerable time of the project). But experience shows that in cryptocurrencies, the bulk of investors are those who invested quickly got a profit and quickly leave the project (sell tokens) in order to continue to behave this way. These second investors (and they are the majority) are completely unnecessary for the project, since for the project they only bring harm and chaos.
I do not get why people would invest for a quick profit into a casino. If you want to make a quick profit there are other methods that you could do, margin trading, leverages, even small cap coin purchase could still be a good one in few days if you are lucky. However casinos are not the right place for a quick profit if you are an investor, it just doesn't work like that. Sure if you invest now and some super rich person comes in and gambles tens of millions of dollars and lose them all that would work and I would get that, however most of the time we are talking about something that is rarely there, it is usually not like that at all. Normally the house has an edge which is the profit margin most of the time, and that means you are going to gradually make more and more profit but it is going to take some time for you to get there so you need to be patient about it.
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delfastTions
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May 07, 2021, 08:01:55 AM |
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I do not get why people would invest for a quick profit into a casino. If you want to make a quick profit there are other methods that you could do, margin trading, leverages, even small cap coin purchase could still be a good one in few days if you are lucky.....
I think that the whole point is that there are still a lot of potential investors in cryptoeconomics who are not like traditional investors. These are people who, for example, during the 2017-2018 ICO period played at the rates of new tokens and became quite rich. According to their mentality, they do exactly that - get profit as soon as possible and quickly leave ... And so on. Many of these investors are in the past programmers without economic education and, accordingly, economic thinking. For traditional investors, the crypto world has not yet been sufficiently explored. And by the way, such investors will definitely appear in the BetFury.
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Twinkledoe
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May 07, 2021, 10:38:24 AM |
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Has anyone here encountered problem withdrawing ETH using BSC network? I have more than enough ETH to cover the transaction fee as well as I have more than the min withdrawal amount using the BSC network. However, it says insufficient balance.
Are you sure that you selected the right network? Same as Bttzed03, I already withdrawed ETH using BSC chain and it worked like a charm! - Tried again today and it went thru. I always check the network before sending anything though. Hard to lose money these days. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Thanks.
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FinneysTrueVision
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May 08, 2021, 05:08:10 AM |
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If someone is living in a country where you're not allowed to use Betfury how are they supposed to access their account to withdraw their money? The only thing that appears is a message that says 'gaming denied'. BFG tokens aren't even withdrawable so there is many people who just have their money trapped on the website because of these restrictions.
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UserU
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May 08, 2021, 06:47:01 AM |
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If someone is living in a country where you're not allowed to use Betfury how are they supposed to access their account to withdraw their money? The only thing that appears is a message that says 'gaming denied'. BFG tokens aren't even withdrawable so there is many people who just have their money trapped on the website because of these restrictions.
Shouldn't they be prohibited from playing in the first place? But then if such were to happen, BetFury would request the user to withdraw the funds before closing the account. That is, if its in good standing.
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el kaka22
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May 08, 2021, 09:43:34 AM |
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I do not get why people would invest for a quick profit into a casino. If you want to make a quick profit there are other methods that you could do, margin trading, leverages, even small cap coin purchase could still be a good one in few days if you are lucky. However casinos are not the right place for a quick profit if you are an investor, it just doesn't work like that. Sure if you invest now and some super rich person comes in and gambles tens of millions of dollars and lose them all that would work and I would get that, however most of the time we are talking about something that is rarely there, it is usually not like that at all.
Normally the house has an edge which is the profit margin most of the time, and that means you are going to gradually make more and more profit but it is going to take some time for you to get there so you need to be patient about it.
I think it is a bit more about how casinos could give you a quick profit thanks to ups and downs of the gamblers. However the reality is that someone who has absolutely no intention of gambling ever would probably not consider investing into a casino that easily neither, which means the "quick" profit is people who gamble here, and they know how they gamble themselves so they react accordingly. If you have 10k in investment and 1k for bankrolling your gambling, you know how quickly that 1k can be gone, so that is why you keep that 10k in, so that you could profit people like yourself. Anyone who has gambled in a high wagered session would know that losing 1k is something simple, it could be done in 1 minute, or could be stretched to 1 year, it all depends on how you gamble but anyone who lost it very quickly would probably know that if it is gone, it is gone and being on the other side is much better.
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babygun
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 08, 2021, 01:19:17 PM |
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Tried again today and it went thru. I always check the network before sending anything though. Hard to lose money these days. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Thanks. Good to hear that it went through! Shouldn't they be prohibited from playing in the first place? But then if such were to happen, BetFury would request the user to withdraw the funds before closing the account. That is, if its in good standing.
Before they acquired their license, allmost all countries could join and play on Betfury. After the license, some more countries can not play there anymore. Normally, everybody that is member from a prohibited country, should still have access to the site to withdraw their funds.
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jonval21
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May 08, 2021, 05:53:42 PM |
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Tried again today and it went thru. I always check the network before sending anything though. Hard to lose money these days. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Thanks. Good to hear that it went through! Shouldn't they be prohibited from playing in the first place? But then if such were to happen, BetFury would request the user to withdraw the funds before closing the account. That is, if its in good standing.
Before they acquired their license, allmost all countries could join and play on Betfury. After the license, some more countries can not play there anymore. Normally, everybody that is member from a prohibited country, should still have access to the site to withdraw their funds. What countries are currently prohibited from playing at Betfury? Some licenses are very determined and specific, if they are based on US law, is it likely that they are prohibited? I'm not from the US, but in many places my country is prohibited, which, I think, doesn't make any sense.
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dezoel
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May 08, 2021, 09:42:30 PM |
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If someone is living in a country where you're not allowed to use Betfury how are they supposed to access their account to withdraw their money? The only thing that appears is a message that says 'gaming denied'. BFG tokens aren't even withdrawable so there is many people who just have their money trapped on the website because of these restrictions.
Shouldn't they be prohibited from playing in the first place? But then if such were to happen, BetFury would request the user to withdraw the funds before closing the account. That is, if its in good standing. The thing is, you are already not allowed, you are doing something illegal. Let's say you are from a nation that is not allowed to play here, and then you managed to get in and gambled, whatever happens after that is your own responsibility and you should not be blaming anyone else for it. If the casino keeps your money and doesn't give it back to you, that means they are keeping it until the government (or cops or whoever does this) asks for it, and that is understandable. Legally they are forced to give that to the authority that asks for it, and they will do it, if they try not to, that will end up very bad for them as well but they can keep it away from you because you did something illegal and giving it back to you would be illegal of them as well. Long story short, if you gamble from an illegal nation, that means you are taking all the risks with it.
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UserU
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May 09, 2021, 06:52:13 AM |
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The thing is, you are already not allowed, you are doing something illegal. Let's say you are from a nation that is not allowed to play here, and then you managed to get in and gambled, whatever happens after that is your own responsibility and you should not be blaming anyone else for it.
If the casino keeps your money and doesn't give it back to you, that means they are keeping it until the government (or cops or whoever does this) asks for it, and that is understandable. Legally they are forced to give that to the authority that asks for it, and they will do it, if they try not to, that will end up very bad for them as well but they can keep it away from you because you did something illegal and giving it back to you would be illegal of them as well. Long story short, if you gamble from an illegal nation, that means you are taking all the risks with it.
Before they acquired their license, allmost all countries could join and play on Betfury. After the license, some more countries can not play there anymore. Normally, everybody that is member from a prohibited country, should still have access to the site to withdraw their funds.
Seems like babygun has explained it, which kinda makes sense. After acquiring the Curacao license, there are additional restrictions in order to comply with the gambling laws. Thanks!
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Pmalek
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May 09, 2021, 08:05:34 AM |
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What countries are currently prohibited from playing at Betfury? Some licenses are very determined and specific, if they are based on US law, is it likely that they are prohibited? I'm not from the US, but in many places my country is prohibited, which, I think, doesn't make any sense. I wasn't able to find specific countries mentioned in their Terms of Use. They still need to update their documents specifying the new jurisdictions that have been restricted. But if your country is on the list, you will get a pop-up notification about the restrictions as soon as you visit the site. Of course, you shouldn't be using a VPN to make you real location. Just visit BetFury and see if anything popes up. If you are unsure, ask in the live support.
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Twinkledoe
Full Member
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May 09, 2021, 08:26:04 AM |
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What countries are currently prohibited from playing at Betfury? Some licenses are very determined and specific, if they are based on US law, is it likely that they are prohibited? I'm not from the US, but in many places my country is prohibited, which, I think, doesn't make any sense. I wasn't able to find specific countries mentioned in their Terms of Use. They still need to update their documents specifying the new jurisdictions that have been restricted. But if your country is on the list, you will get a pop-up notification about the restrictions as soon as you visit the site. Of course, you shouldn't be using a VPN to make you real location. Just visit BetFury and see if anything popes up. If you are unsure, ask in the live support. I believe they said before they are not banning any player from prohibited countries under Curacao license even if they already have this license. You can browse previous pages but I believe the betfury staff wrote that here. But in any case you want to be safe, you can contact their chat support on their site. Also, if they will be strict later later, Curacao license has some restrictions with countries as stated below - https://www.curacaowebhosting.com/2018/05/18/where-can-a-curacao-gambling-license-be-used/![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.postimg.cc%2F8P06GWBj%2FScreen-Shot-2021-05-09-at-4-23-03-PM.png&t=665&c=xKwfizho-uQCDw)
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Xinarae*
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May 09, 2021, 08:54:58 AM |
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Could you elaborate on what dilemma? You are the only one who said that BFG would remove dividends without explaining what you mean. Of course they will remove dividends for tokens that are not staking in the site. They already have token that are not staking. It's not complex.
Renampun's comment on the other hand didn't make any sense at all. What manipulation are you guys talking about? There will be same amount of circulating tokens even when they are been sold.
Hey guys I have a question, have I missed something? Has Betfury made a statement that they will eliminate dividends? I have not frequented the platform, I know that the pool has decreased, if the pool falls to zero, are the dividends eliminated? in that case there is no more staking? -cut- Betfury hasn't made any such statement. I was just trying to make sense what Obito and Renampun were talking about. And yes, if the pools would fell to zero, there would be nothing to pay from obviously. But i don't see it falling to zero nor i have seen it decreased in dollar value. Obviously it has dropped in btc/eth and BNB value because those are climbing in dollar value. The amount of dividends on the platforms has decreased due to the depreciation of the dollar we often increase the value based on the pools. But the prices of BTC and BNB have already gone up a lot so the amount of pool and the amount of dollars have increased even if the tokens are sold new coins will be added.
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Saisher
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May 09, 2021, 10:24:19 AM |
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The amount of dividends on the platforms has decreased due to the depreciation of the dollar we often increase the value based on the pools. But the prices of BTC and BNB have already gone up a lot so the amount of pool and the amount of dollars have increased even if the tokens are sold new coins will be added.
I used to received more than 1000 satoshis but now down to 750 satoshis but some tokens stay the same, I need to keep up to continue depositing and playing or use my BFG token to bet, it's risky to bet with your BFG token I prefer betting with my altcoins, I play dice and hi-lo but there's no guaranty that you'll gain BFG token.
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babygun
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 09, 2021, 12:48:39 PM |
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What countries are currently prohibited from playing at Betfury? Some licenses are very determined and specific, if they are based on US law, is it likely that they are prohibited? I'm not from the US, but in many places my country is prohibited, which, I think, doesn't make any sense.
Had to search a little bit, but found this on their Telegram: https://t.me/Betfury/2080620 I used to received more than 1000 satoshis but now down to 750 satoshis but some tokens stay the same, I need to keep up to continue depositing and playing or use my BFG token to bet, it's risky to bet with your BFG token I prefer betting with my altcoins, I play dice and hi-lo but there's no guaranty that you'll gain BFG token.
Don't play with your tokens but use bitcoin or altcoins. You will win always BFG tokens (no matter the bet size and no matter if you win or loose your bet)
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onecall123
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May 09, 2021, 01:19:49 PM |
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The amount of dividends on the platforms has decreased due to the depreciation of the dollar we often increase the value based on the pools. But the prices of BTC and BNB have already gone up a lot so the amount of pool and the amount of dollars have increased even if the tokens are sold new coins will be added.
I used to received more than 1000 satoshis but now down to 750 satoshis but some tokens stay the same, I need to keep up to continue depositing and playing or use my BFG token to bet, it's risky to bet with your BFG token I prefer betting with my altcoins, I play dice and hi-lo but there's no guaranty that you'll gain BFG token. I never used token for playing, I used altcoin instead. I also recommended to my friends to play with altcoin and mine BFG tokens. Our top priority should be collecting as more BFG token. There is no sense of losing BFG token. Betfury Coin To The Moon.
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Yogee
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May 09, 2021, 02:06:39 PM |
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... I play dice and hi-lo but there's no guaranty that you'll gain BFG token.
How much do you wager? It's probably too low since it is guaranteed that you will receive BFG if you meet the mining price per token. I have yet to read someone complain they haven't received BFT. Click https://betfury.io/staking and scroll down the page to see the mining price. The default price is in BTC but you can switch coin if you want to see it in ETH, BNB, or USDT
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justdimin
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May 09, 2021, 08:51:52 PM |
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The thing is, you are already not allowed, you are doing something illegal. Let's say you are from a nation that is not allowed to play here, and then you managed to get in and gambled, whatever happens after that is your own responsibility and you should not be blaming anyone else for it.
If the casino keeps your money and doesn't give it back to you, that means they are keeping it until the government (or cops or whoever does this) asks for it, and that is understandable. Legally they are forced to give that to the authority that asks for it, and they will do it, if they try not to, that will end up very bad for them as well but they can keep it away from you because you did something illegal and giving it back to you would be illegal of them as well. Long story short, if you gamble from an illegal nation, that means you are taking all the risks with it.
Well, the idea is that if there is a certain nation that is not allowed, then maybe close that? Such as if you are a person from that nation and you go to this website, from IP or from something else (I don't know these things work) website should tell you "hey you are from x nation and it is illegal to play here from x nation" and not allow you. In that case if you still decide to gamble and use a VPN or start a brand new VPS just to gamble, then it is all on you I agree with that. However if you can go there from a nation that is not allowed, and only after you gamble a bit that you are caught, that feels like maybe something could have been done about that. That is of course just an idea, the better option is people from not allowed nations not playing here at all, that would be a smarter idea and what people should be doing from the start.
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TimeTeller
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May 09, 2021, 09:16:47 PM |
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What countries are currently prohibited from playing at Betfury? Some licenses are very determined and specific, if they are based on US law, is it likely that they are prohibited? I'm not from the US, but in many places my country is prohibited, which, I think, doesn't make any sense.
Had to search a little bit, but found this on their Telegram: https://t.me/Betfury/2080620 I used to received more than 1000 satoshis but now down to 750 satoshis but some tokens stay the same, I need to keep up to continue depositing and playing or use my BFG token to bet, it's risky to bet with your BFG token I prefer betting with my altcoins, I play dice and hi-lo but there's no guaranty that you'll gain BFG token.
Don't play with your tokens but use bitcoin or altcoins. You will win always BFG tokens (no matter the bet size and no matter if you win or loose your bet) The staking payouts are really getting lower. So if you are a regular player, just play on this site and earn BFG if you want more tokens in staking. You can still get BFG token even if you play small but you can always get something here. And I very well agree, just let your BFG tokens stake and not use it for gambling.
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robelneo
Legendary
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May 09, 2021, 11:40:32 PM |
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The staking payouts are really getting lower. So if you are a regular player, just play on this site and earn BFG if you want more tokens in staking. You can still get BFG token even if you play small but you can always get something here. And I very well agree, just let your BFG tokens stake and not use it for gambling.
I sometimes use my BFG token to bet I know the risk and there's a possibility that all that you worked for will go to nothing and you will lose your opportunity to earn daily rewards, so far I have good success, I'm not using all my BFG token I just allocate a portion on playing dice, you can do a combination of using altcoins and using your BFG token, there is no safe choice only play what you can afford to lose.
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