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[serjent05]

60% APY is unrealistic in any industry, unless you are dealing with illegal business. I think every serious investor is aware of that.

I fully agree, even APY over 10% to 20% sounds unrealistic when it comes to full legality and investors who're huge investors would love to steal any safe deal if it offers them 10% APY. In most realistic cases 5% APY is normal and more than that sounds unrealistic. Most tokens won't perform that good and that's why even investing in them won't be as profitable.

10% -20% APY is easily achievable and can be given with ease by any financial institution, it is that most financial institution wanted to rake all the profit and give the investors the least amount possible.  You can see this by looking at how much financial institutions setting interest on their loan programs.  Their interest ranges from 6% to 15% monthly. 

So with a platform that holds the source of the token, they can easily give out even 100% APY annually.  But obviously, for the token economic reason, the platform acts reserve because they need to maintain the market supply in check.

[UserU]

My country has very strict gambling regulations, because many people who were receiving money from the government for social assistance just gambled everything.

So government banned many gambling websites , trying to make people spend that money in their basic needs and their family's... I dont think that is effective, but this is how it played out...

If the government were to credit the funds into the citizens' identification cards to only be used at grocery stores or supermarkets, that would actually solve most, if not all of the gambling issue.

[danadc]

I understand that the laws of each country must be obeyed, but it's prehistoric for a country to prohibit gambling.

Different countries have different rules, and for every rule set, there is a reason for it.

Some even developed countries have strict rules that prohibit gambling; countries like Qatar, North Korea, Saudi Arabia, etc. are more developed than many countries, but gambling is prohibited.

If you do research into their reasons, some have religion, and others simply have social concerns as their reasons.

My country has very strict gambling regulations, because many people who were receiving money from the government for social assistance just gambled everything.

So government banned many gambling websites , trying to make people spend that money in their basic needs and their family's... I dont think that is effective, but this is how it played out...

I understand that religious reasons are part of a country's traditions, and in countries where the government gave money and people spent it in casinos, the government has no business interfering.

I say that if you're given money, that money becomes part of you, and you, as a person, decide how to spend it, Governments do harm when they try to interfere in these matters.

 I feel this way because I come from a country that I feel took away many of my freedoms, which is why I love casinosbecause I decide whether to spend money or not, and how much.

[traderethereum]

My country has very strict gambling regulations, because many people who were receiving money from the government for social assistance just gambled everything.

So government banned many gambling websites , trying to make people spend that money in their basic needs and their family's... I dont think that is effective, but this is how it played out...

If the government were to credit the funds into the citizens' identification cards to only be used at grocery stores or supermarkets, that would actually solve most, if not all of the gambling issue.

Even the regulations are strict, people can still playing gambling without the government knowing. They can find out how they visit online gambling and continue to play. The government needs to educate them and explain why gambling can ruin their life.

It needs time to make them aware and see the truth about gambling. Not just strict regulations but the government assists them to stay away from gambling so people will not playing gambling.

But if the government credits the funds into the card, that can make people heavily consume. They will use the credit to buy many things including things that they don't need. It always has positive and negative effects from the regulations.

[Catenaccio]

Even the regulations are strict, people can still playing gambling without the government knowing. They can find out how they visit online gambling and continue to play. The government needs to educate them and explain why gambling can ruin their life.

You can and other people can do it but having that practice is risky as it is considered as illegal in your nation. Practically, if you know it is illegal but try to do that, you must be very careful and knowledgeable in order to have proper practice for securing your privacy and anonymity. Not all people are knowledgeable as the first condition, then are careful as a second condition, for having good practice.

The easiest, safest and most comfortable practice you can do is avoding anything illegal in your nation.

[Taskford]

Even the regulations are strict, people can still playing gambling without the government knowing. They can find out how they visit online gambling and continue to play. The government needs to educate them and explain why gambling can ruin their life.

You can and other people can do it but having that practice is risky as it is considered as illegal in your nation. Practically, if you know it is illegal but try to do that, you must be very careful and knowledgeable in order to have proper practice for securing your privacy and anonymity. Not all people are knowledgeable as the first condition, then are careful as a second condition, for having good practice.

The easiest, safest and most comfortable practice you can do is avoding anything illegal in your nation.

But can't deny the fact that even if this is illegal in their country there are still people doing it just for the sake maybe not only for fun, but also for possible winning huge reward from the casino.

If their country is strictly prohibiting them to gamble and impose total ban of all online gambling then I think with that case they should follow what government like to happen.

There's nothing going to happen if they continue since somehow the casino will list their country on their ban list and they might just get compromise also worse their funds might get confiscated if they try to bypass the regulation happening not only on their country but also with the casino.

[shield132]

The coin also doesn't devalue a lot like other coins do. Btw it's bad that they aren't listed on any exchange and there isn't much to do with this coin.

It is about one third from its all time high in early 2022, so that's not good but not bad at all. Many new altcoin projects launched in the last two years, in this market cycle, quickly dumped on big exchanges like Binance and it's normal to see their token prices divided by 5 or 10 times from listing prices. That's only fact about this market cycle and BFG token likely does not satisfy all people but at least it is not the worst token compares to thousands of altcoins launched recent years.

That's why I think that it's not a good token when taken alone but it's a very good gambling token. As a gambler, you like it when coin pumps and dumps but doesn't devalue a lot in the long term. I also like their APR. They are offering 130% APR if you stake BFG fixed-term for 365 days and that's what instigates me as a gambler more than anything. 130% APR means that I'll get 0.35% of my investment every day. If I invest $5,000, I'll be able to gamble with $15 every day, which is more than enough to completely fulfil my gambling dreams at this point.

[dwyane36]

I understand that religious reasons are part of a country's traditions, and in countries where the government gave money and people spent it in casinos, the government has no business interfering.

I say that if you're given money, that money becomes part of you, and you, as a person, decide how to spend it, Governments do harm when they try to interfere in these matters.

 I feel this way because I come from a country that I feel took away many of my freedoms, which is why I love casinosbecause I decide whether to spend money or not, and how much.

Not only in your country. It's worth noting that regulators can come up with a lot of reasons to justify why they decided to restrict gambling or something else they don't like. It's trite, but for regulators in many countries, it’s easier and cheaper to ban something than to actually figure it out and offer an alternative.

[BetFury.com]

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[AHOYBRAUSE]

Exclusive VIP Challenge

Grab Your Share of 25,000 BFG
Hit x99+ with a $1+ single bet & be one of the first 5 players to win 5K BFG from your VIP Manager
Game: Dice

How to Join:
• Reach x99 or higher with a $1+ single bet using real balance.
• Share your bet in the VIP Internal Chat Room.
• Get VIP Manager approval and collect your prize in the VIP Lounge.
• Challenge lifetime is 7 days.

Please show me 1 or even 2 people in this forum that are level 10 or higher. I am eager to see if there is someone crazy enough to wager 1 million (requirement for level 10 and "VIP" status) or more on this site.  I was level 8 and regret every cent I wagered on betfury, and I have seen many shitty sites over the years. Funny they even dare to promote with posts like this in here, they really don't know their customer base.

[gunhell16]

60% APY is unrealistic in any industry, unless you are dealing with illegal business. I think every serious investor is aware of that.

I fully agree, even APY over 10% to 20% sounds unrealistic when it comes to full legality and investors who're huge investors would love to steal any safe deal if it offers them 10% APY. In most realistic cases 5% APY is normal and more than that sounds unrealistic. Most tokens won't perform that good and that's why even investing in them won't be as profitable.

10% -20% APY is easily achievable and can be given with ease by any financial institution, it is that most financial institution wanted to rake all the profit and give the investors the least amount possible.  You can see this by looking at how much financial institutions setting interest on their loan programs.  Their interest ranges from 6% to 15% monthly. 

So with a platform that holds the source of the token, they can easily give out even 100% APY annually.  But obviously, for the token economic reason, the platform acts reserve because they need to maintain the market supply in check.

So what it means is that if this is really how crypto casinos that have their own token operate, they really create these kinds of systems to maintain the liquidity they have?
That's why most crypto coins that have this kind of system offer something like this.

And of course, they also tell the coin holders that they still have benefits they can get from it, which I think there's nothing wrong with, especially if it's been existing
in this crypto space industry for several years already.

[examplens]

Please show me 1 or even 2 people in this forum that are level 10 or higher. I am eager to see if there is someone crazy enough to wager 1 million (requirement for level 10 and "VIP" status) or more on this site.  I was level 8 and regret every cent I wagered on betfury, and I have seen many shitty sites over the years. Funny they even dare to promote with posts like this in here, they really don't know their customer base.

As far as I know, Betfury has gone well beyond this forum. There are certainly Betfury users eligible for similar bonuses, and they don't necessarily have to be present on Bitcointalk.
Finally, there are users who have wagered several million on Betfury, but there are many reasons why they don't talk about it in public.

[serjent05]

So what it means is that if this is really how crypto casinos that have their own token operate, they really create these kinds of systems to maintain the liquidity they have?
That's why most crypto coins that have this kind of system offer something like this.

Casinos need to be responsible with their utility token. And as far as I can see,  Betfury is on with that.  They use several strategies to make the casino platform attractive to gamblers so that they can continuously support the buy-back program for the token, maintaining the value or at least slowing down the depreciation of the token.  They give reasons for players to hold BFG by providing programs that reward them by simply holding or staking the token.

And of course, they also tell the coin holders that they still have benefits they can get from it, which I think there's nothing wrong with, especially if it's been existing
in this crypto space industry for several years already.

It is not only not being wrong but it is highly appreciated by holders to have benefits just by holding the token.  It may only be used on the casino platform but I believe those who are residents (regular player) of the platform are enjoying the benefits the token offers.  It is made for the Betfury gamblers anyway.

[Miles2006]

I understand that religious reasons are part of a country's traditions, and in countries where the government gave money and people spent it in casinos, the government has no business interfering.

I say that if you're given money, that money becomes part of you, and you, as a person, decide how to spend it, Governments do harm when they try to interfere in these matters.

 I feel this way because I come from a country that I feel took away many of my freedoms, which is why I love casinosbecause I decide whether to spend money or not, and how much.

Not only in your country. It's worth noting that regulators can come up with a lot of reasons to justify why they decided to restrict gambling or something else they don't like. It's trite, but for regulators in many countries, it’s easier and cheaper to ban something than to actually figure it out and offer an alternative.

Definitely gambling ban is always easy meanwhile creating an alternative might be stressful in terms of regulating. I’m curious after gambling ban do citizens actually follow the law never to gamble till further notice or governments set some major rule if going against this law the person will be punished because in many situation when gambling is ban citizens still find other means to fulfill their desires, gambling is totally different how can someone get caught in the process.

[traderethereum]

Definitely gambling ban is always easy meanwhile creating an alternative might be stressful in terms of regulating. I’m curious after gambling ban do citizens actually follow the law never to gamble till further notice or governments set some major rule if going against this law the person will be punished because in many situation when gambling is ban citizens still find other means to fulfill their desires, gambling is totally different how can someone get caught in the process.

Some will follow the law, some will not follow the law. That is what happens especially if the law is very strict prohibiting people from gambling. Gambling ban will be there but that doesn't stop citizens from gambling especially those who often gamble. The government will difficult to open their citizens eyes unless the government can educate them about the dangers of gambling. The government can show examples of people who always gamble and the impact for their lives. Although only a few people will think about that, it is still a good progress because some people learned from other mistakes.

[speeder]

Definitely gambling ban is always easy meanwhile creating an alternative might be stressful in terms of regulating. I’m curious after gambling ban do citizens actually follow the law never to gamble till further notice or governments set some major rule if going against this law the person will be punished because in many situation when gambling is ban citizens still find other means to fulfill their desires, gambling is totally different how can someone get caught in the process.

Some will follow the law, some will not follow the law. That is what happens especially if the law is very strict prohibiting people from gambling. Gambling ban will be there but that doesn't stop citizens from gambling especially those who often gamble. The government will difficult to open their citizens eyes unless the government can educate them about the dangers of gambling. The government can show examples of people who always gamble and the impact for their lives. Although only a few people will think about that, it is still a good progress because some people learned from other mistakes.

Precisely - prohibition of gambling on paper does not necessarily prevent individuals who are already highly engaged in it. Others will comply with the law but quite a large number of them will merely move to the underground, offshore casinos or even private betting circles where they cannot be regulated easily. That is why prohibition is not always enough to solve the problem. Education and awareness generally impact more in the long-term as individuals should be informed of the actual risks as opposed to being informed not to do it. Some people will listen and others will not; however, when governments provide real-life examples of the harm caused by gambling, some people will get serious. The harm reduction process is a slow one, yet it will still be a positive step to change even a small part of the mindset of people.

[iv4n]

Please show me 1 or even 2 people in this forum that are level 10 or higher. I am eager to see if there is someone crazy enough to wager 1 million (requirement for level 10 and "VIP" status) or more on this site.  I was level 8 and regret every cent I wagered on betfury, and I have seen many shitty sites over the years. Funny they even dare to promote with posts like this in here, they really don't know their customer base.

As far as I know, Betfury has gone well beyond this forum. There are certainly Betfury users eligible for similar bonuses, and they don't necessarily have to be present on Bitcointalk.
Finally, there are users who have wagered several million on Betfury, but there are many reasons why they don't talk about it in public.

Most of their promotions suck, and some of them have unfair rules, but I would definitely participate if Betfury & Royse do that 10-week challenge again... I'm not sure how likely it is to happen, but it was interesting & exciting while it lasted.

Well, until that happens, I will just keep passing on all the other offers...

[dwyane36]

Definitely gambling ban is always easy meanwhile creating an alternative might be stressful in terms of regulating. I’m curious after gambling ban do citizens actually follow the law never to gamble till further notice or governments set some major rule if going against this law the person will be punished because in many situation when gambling is ban citizens still find other means to fulfill their desires, gambling is totally different how can someone get caught in the process.

Some gamblers will surely stop playing due to restrictions imposed by regulators, while others will try to circumvent these limitations by any means possible. It's worth noting that if a country isn't on a platform’s restricted list, the platform may still provide access solutions for users. For example, Betfury offers several mirror sites for this purpose.

[Taskford]

Definitely gambling ban is always easy meanwhile creating an alternative might be stressful in terms of regulating. I’m curious after gambling ban do citizens actually follow the law never to gamble till further notice or governments set some major rule if going against this law the person will be punished because in many situation when gambling is ban citizens still find other means to fulfill their desires, gambling is totally different how can someone get caught in the process.

Some gamblers will surely stop playing due to restrictions imposed by regulators, while others will try to circumvent these limitations by any means possible. It's worth noting that if a country isn't on a platform’s restricted list, the platform may still provide access solutions for users. For example, Betfury offers several mirror sites for this purpose.

Majority would provably stop, but we cannot also take out that there are some hard headed that will try to gamble and they find ways to bypass those restriction.

This is the reason why we see such people got an issue towards restricted regions because they try to risk and violate this rules.

I don't also think its smart move to use mirror site if they know their country has been restricted. Maybe best for them to follow the rules to avoid any issue with the casino and best to avoid rather than get stress when there's a problem occur.

[AHOYBRAUSE]

Please show me 1 or even 2 people in this forum that are level 10 or higher. I am eager to see if there is someone crazy enough to wager 1 million (requirement for level 10 and "VIP" status) or more on this site.  I was level 8 and regret every cent I wagered on betfury, and I have seen many shitty sites over the years. Funny they even dare to promote with posts like this in here, they really don't know their customer base.

As far as I know, Betfury has gone well beyond this forum. There are certainly Betfury users eligible for similar bonuses, and they don't necessarily have to be present on Bitcointalk.
Finally, there are users who have wagered several million on Betfury, but there are many reasons why they don't talk about it in public.

Hmm, your reply doesn't really make too much sense. Their post was made IN THIS FORUM, so it addresses FORUM MEMBERS, doesn't it? Why else post it here? Of course they have gone well beyond this forum, there is no question about that. Yet the promote something in their ANN that most likely not 1 or 2 people in here would or could take advantage of or part in, that's what I meant with my original post.