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Showing 20 of 2,393 results by Bitcoin Smith
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Topic
Board Gambling discussion
Re: The "Lottery Ticket" Mentality
by
Bitcoin Smith
on 24/07/2025, 20:28:01 UTC
It should be the worse strategy in sports betting if one chose to bet on the underdog in long run, most of the time the bet will end in a loss and in the winning events the rewards can be higher but if you calculate one 1 out of 10 games then your net profit made will be in negative so don't think you just a glitch to make unlimited money. Smiley

Some people does that but only in short run and if they understand the game well not only based on odds and there could be more chance than the odd suggest can be the reason for it.
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Topic
Board Bitcoin Discussion
Re: Is Buying Shares of a BTC ETF a good way to invest in Bitcoin?
by
Bitcoin Smith
on 24/07/2025, 19:06:37 UTC
...
I've got a significant amount of assets in Fidelity, Vanguard, Charles Schwab and Wells Fargo - so I'm comfortable they aren't going to fail or get hacked...

They can be trusted firms but the very first reason for the existence of bitcoin is to eliminate trusted third party aka custodians, fund managers, etc and by inheriting the same system for bitcoin too means we are just stuck with the same risks of being censored, controlled, rigged...

If you own bitcoin, you no need to trust anyone, just you have the complete access to your coins if you store them in a wallet that provide seeds/private keys and you are the ultimate controller of your funds, even if Satoshi wanted he can't do anything but that's not same with the way of ETF, or any custodial way of storing bitcoin.
Post
Topic
Board Bitcoin Discussion
Re: Is Buying Shares of a BTC ETF a good way to invest in Bitcoin?
by
Bitcoin Smith
on 24/07/2025, 18:13:42 UTC
I got into the debate of same subject very recently over Reddit community, where someone suggested buying ETF is same as buying bitcoin but it's Big NO.

Bitcoin is bitcoin, everything else which can claim they are backed by bitcoin but we can't verify them we just need to trust them for storing our money in their custody which is not Satoshi visioned. Bitcoin should be move in the direction of self custody, be your own bank not the same rigged game of trusting someone with our money. Anyway it's just my opinion. Smiley
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Topic
Board Services
Re: [OPEN] Winna.com | Casino & Sportsbook | Signature Campaign | Sr Member+
by
Bitcoin Smith
on 24/07/2025, 17:51:45 UTC
to be updated!
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Topic
Board Gambling discussion
Re: Trading business vs. gambling business in crypto
by
Bitcoin Smith
on 24/07/2025, 16:03:37 UTC
I wonder what are the domain names?

Casinos are always profitable but we can't compare apple with an orange, which is a trading platforms because the revenue is based on many factors like number of competitors. AFAIK, number of trusted trading platforms are way lower so they just make more money if we assume same user base on both the compared platforms.

Crypto just made the online gambling easier, so new people are entering so the new casinos as well.
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Topic
Board Gambling discussion
Re: Which is more regrettable?
by
Bitcoin Smith
on 23/07/2025, 22:15:01 UTC
Let's say when gambling, you follow a specific pattern. Let us use lottery for example. You bet on the same specific set of numbers. What would be more regrettable? Betting on the same set of numbers for the rest of your life and not winning or... changing up the set you bet on only for your old set to win?

Basically, would you rather bet on the same thing again and again then regret not exploring more or explore different kinds of bets then miss out on a win?
I won't regret whether I choose to bet the same set of numbers or keep changing the set because it doesn't really contribute much in the probability of winning the lottery so it all comes down to the luck part which we can't influence at all. So just bet as you wish irrespective of what others do and who knows you might get lucky some day. If you didn't win at all then no worries there's millions of people out there who didn't win.

Now let's use dice for example for even better understanding, you choose number one and decided to stick with it for all your bets then you can't be sure that there will be 1 win our 6 rolls because each previous roll is irrelevant to current one and every bet has the probability of 1/6, and the same goes to if you change any number you want at any time, there will be no pattern it all just random events.
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Topic
Board Gambling discussion
Re: When you're winning you can't sleep
by
Bitcoin Smith
on 23/07/2025, 19:25:01 UTC
Isn' that common and everyone understand the logic behind why can't we go to sleeping when we got something to do in real soon? Excitement, curiosity, eagerness or any term that describes it.

Winning brings chemical reaction in our brain that is very normal and that is what drugs replicate too which is not bad in anyway but what happens when we do something that create dopamine rush too often then there will be tolerance build up that will ask for more and more which is nothing but what we call addiction in general term.
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Topic
Board Gambling discussion
Re: ⭐⚽⭐ Sportsbet's Bitcointalk Sports Fanatics League (BSFL) – 14000$ rewards ⭐⚽⭐
by
Bitcoin Smith
on 23/07/2025, 18:18:45 UTC
~
Have no idea what you guys are talking about. If it is possible translate in relation to our question. In other words do we already have some certain Yes/No or at least some that seem as much more likely candidate.

I am hoping cricket will help me to get back on even footing in my duel.
In simple terms, no team did excellent nor bad, we still got four days to decide that. Smiley

Gill got one more life to score 100. And for sure someone will get 5 wicket haul in a test match and this game is going to day 5 if teams maintains this tempo.
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Topic
Board Gambling discussion
Re: What is the cost of your mistakes?
by
Bitcoin Smith
on 23/07/2025, 17:14:22 UTC
Of course, money is lost when we lose the bets and if we don't intent to happen then purpose of gambling itself the wrong here. And being conservative or being too skillful about a particular sport isn't going to win every game, in sports we lose some and win some that is the fact and we need to be clear with while we bet.

When things go too deep then our peace of mind will be affected and the last step is addiction which is cruel, no one should go that far.
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Topic
Board Nigeria (Naija)
Re: CoinDCX hit by criminals
by
Bitcoin Smith
on 22/07/2025, 18:36:13 UTC
If the amount stolen is huge, probably the exchange may close down like what happened to WazirX, although the CoinCDX might later reopened. What I read last about the exchange (WazirX) was that their users can only be able to get 80% of their coins back. I have not read any news that the exchange has reopened or give their users back their money.
The amount is definitely huge for exchange like coinDCX but they claim there's no user funds are lost but the reality is the withdrawals are delayed and they said it will take 72 hours. You may think that the delay is for fiat not for crypto but the fact is in Indian exchanges we can't withdraw any cryptos to our wallets so only way to withdraw is via INR and it's currently delayed.

No Halt in Withdrawals, Operations Running Normally

CoinDCX services remain fully operational. Trading activity, INR deposits and INR withdrawals continue. INR withdrawals below ₹5 lakhs will reflect in your account within 5 hours, while withdrawals above ₹5 lakhs will be processed within 72 hours. The incident was isolated and has no impact on your portfolio access or operations.
Regarding wazirx, users claimed 66% of their funds backed but their official statement is 85% are refunded but many user's can't able to reach since they keep shifting their operation to different countries. Cheesy

The exchange (CoinCDX) was hacked on the 18th of this month and it was reported on the 19th of this month that it was hacked. It got to the general board on this forum on the 20th of this month.
Maybe you missed my thread : Indian Exchange CoinDCX hacked?, which I posted not more than an hour it's posted by ZachXBT and even the official report came out after that. Wink
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Topic
Board India
Merits 1 from 1 user
Re: CoinDCX got hacked! $44.2M Drained?
by
Bitcoin Smith
on 22/07/2025, 16:30:12 UTC
⭐ Merited by LucyFurr (1)
Fuck! Got a mail from them because I had a good amount kept aside on their platform for trading purposes. It is good luck for me, as I had already moved every single penny from them when they started holding cash and crypto in the guise that they do not want to repeat the WazirX incident. I am sure it is again an insider job, or the founders are planning to shift to Dubai.
You did that right things, yes it could be an insider job or exit plan but we never know until anything is proven.

BTW, it is good to be back again. I have not been active here as I have been occupied with my YouTube Channels and Websites. I was active here a long time back, I guess.
Welcome back again! Hope to see you more in action. Wink

Indian crypto YouTubers or even most of the YouTubers across the globe just pump shitcoins after getting paid for it one way or another and there's very few who actually teaches about cryptocurrency to people.

Reddit is nothing but bank freeze, bank freeze, help me. Here you got more things to discuss apart from crypto, you can engage in political, economical discussion and last but not can enjoy the cricket action too. Wink
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Topic
Board Gambling discussion
Re: Would you allow your underage kid to use your detail for KYC after a big win.
by
Bitcoin Smith
on 21/07/2025, 23:32:05 UTC
Hell yeah! I know it is not even legal but accept that is what 99% of users will do and not claiming the money is not going to address the problem of your kid gambled so get the money from the casino using your KYC and I am sure it won't be an issue then let the kid learn his lesson not to repeat the same mistake again until he reaches the necessary age and making his own money.

But the next question is, the money belongs to the parent or the kid? Should someone create a thread for that. Tongue
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Topic
Board Meta
Re: [TELEGRAM] Yet Another BitcoinTalk Notification BOT (merits, mentions, topics,+)
by
Bitcoin Smith
on 21/07/2025, 22:54:43 UTC
New update

You can now ignore boards!

Just select Ignored Boards on the main menu and add the boards (and child boards) you want to ignore. You won't get notified for mentions and tracked phrases on any of that boards.

I didn't notice this update and this is what I am looking for a while back.

Why don't we have an option to ignore specific boards? I feel it will be a great addition to the bot.
Possible?
Very possible, just need to know if more people would want that.

Only thing, I wish we had an option to enable the notification only for the mentions but ignore the tracked phrases. Cheesy

Anyway, this can save me a lot of annoying notifications for me those are pretty much useless for the word I am tracking. Wink
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Topic
Board Services
Re: [OPEN] Rainbet.com | Crypto Casino & Sportsbook | Signature Campaign ~ Sr. +
by
Bitcoin Smith
on 21/07/2025, 22:12:48 UTC
Bitcointalk Profile Link:
Current amount of Posts:
EARNED merit in the last 120 days:
bech32 BTC Address:
Post
Topic
Board Exchanges
Re: Indian Exchange CoinDCX hacked?
by
Bitcoin Smith
on 21/07/2025, 21:18:27 UTC
because he and his exchanger will face massive withdrawal requests.
It's happening already, even though they haven't disabled the withdrawal features they just kept it under the tab processing with no reply from the customer support when then the usual withdrawal time will be no more than 30 minutes. So definitely something is happening.

And they are saying yes we lost the money but your money is safe with us without disclosing any details but they ran live Q&A to keep the users with their platform and I don't know WTF they are thinking.
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Topic
Board Gambling discussion
Re: ⭐⚽⭐ Sportsbet's Bitcointalk Sports Fanatics League (BSFL) – 14000$ rewards ⭐⚽⭐
by
Bitcoin Smith
on 21/07/2025, 19:55:17 UTC
cricket. This question was proofed and expanded by our cricket guru vivekdhyani1, so for his own sake we hope that the question is correctly written.
Finally, after 2 rounds! Cheesy

Looks too easy, I wish they were tougher. Wink
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Topic
Board Gambling
Re: Crypto Casino with bankroll invest wanted
by
Bitcoin Smith
on 20/07/2025, 21:27:24 UTC
Totally forgot about bitvest; tried it only shortly because the returns were super low during that time.
Better avoid bitvest unless you are okay with long waiting period with no clue whatsoever, hot wallet not replenished is one of the main issue that people face on bitvest.

Bustadice and Bustabit can be trusted but bankroll investment can be double edged sword so DYOR and come into a conclusion.
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Topic
Board Gambling discussion
Re: Favourite 10x games?
by
Bitcoin Smith
on 20/07/2025, 19:32:58 UTC
How about crash games with constant cashout before hitting the peak? I guess it will do the job. Cheesy

But there is no such thing exists, every game can give you win and lose that's just a random event so you can try your luck on whatever the game you like and see if that's turns out to be good or not but don't think you are smart and found a way to make 10x while there are a million others trying to find the same.
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Topic
Board India
Re: CoinDCX got hacked! $44.2M Drained?
by
Bitcoin Smith
on 20/07/2025, 18:25:31 UTC
Recieved email  last night, first koinex around 2018 ish, then Wazirx and now this. It could happen with anybody but ab toh pattern sa ban Raha hai saare desi exchange ka.

More ammunition for government and babus to tighten the screws on individuals.

I see this is an attempt to cover up to situation, we don't know the real extent and the CEO of coindcx accepted the hack only after it's exposed by ZachXBT. They said operation is not affected but users complained they have trouble withdrawing the funds at the time of this news and few hours before that too.

and i am sure somewhere in their tos it must be written

that if something like this happesn they can't be blamed
It's universally unwritten rule for exchanges, when they are hacked the user funds will be lost but on few occasions they got back such as with FTX and Binance able to cover the loss with their SAFU funds.

Well that is good to hear since it would have been loss for people if they would have lost their funds.
Good that CoinDCX didn't suffer a fate like WazirX because people who had their funds in WazirX are still not able to access their funds.
One of my friends has his money stuck in WazirX wallet till date. Is there anyone here who is using CoinDCX ?
I just pray that they are telling the truth. Smiley I don't think I ever used it but I completed KYC once but still the platform looked glitchy and they asked for something more other than Aadhar so I just left it as it is.
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Topic
Board Gambling discussion
Re: How annoying is KYC for crypto gambling?
by
Bitcoin Smith
on 20/07/2025, 16:29:41 UTC
Can you give example of the unreasonable request you meant? Even if the casino request for passport, drivers license, or any valid ID, it is still a valuable secret information. If the the casino doesn't ask for proof of address, they can use the customer's IP address to locate the person if there's need to do so. Also, there are some casino that doesn't ask for KYC information until you want to withdraw.

Well, everything you mentioned is common and normal for them to ask. By unreasonable, I mean something outside of that norm. And I don't have any examples to give you; they haven't asked for anything different yet, but use your imagination. What would be strange if they asked you? I don't know, your sexual orientation, your religion?
LOL, I will give the strange requests which are address verification with a selfie writing down the casino name on the particular street near to the location the user provide, you may think it is impossible but it happened if I am not wrong. And another one is asking for source of funds including who is the sender and asking their KYC and bank statements, income tax reports and whatever that they can use as a tool to make someone get pissed and lose their funds.