Topic: Casino vs. Stoc,Forex&Crypto Broker: Who's Really Playing You in the Money Game - page 3. (Read 3437 times)

While enjoying the process of gaming is important, it's also crucial to remember about one's financial well-being and to control gambling tendencies. Don't forget that relaxation also involves taking care of yourself and your future.

your money your choice , and brokers? why need them when you can do it yourself?
 and besides why need to invest using broker when you can invest in crypto and directly to your hands?
well you are correct in a part , because we are losing  in gambling but at least we are
enjoying the process .

I think it wiln`t change. The casino will pay taxes from their profit in local currency. If they get profit in cryptocurrencies - they have to convert it to local currency. Of course, casino can cheat and don`t show such kind of profit but i don`t think it is possible to control it today.
The only way someone can control it is if tax services will make casinos convert all deposits in USDT or some other stable coin.

If I understand you perfectly, what happens is that I believe that my country is one of the highest in inflation worldwide, so having local currency is useless, as I said, only to pay for services, it is the only thing that I see as useful , for a country that has a very devalued local currency like mine there is nothing to do, of course, one needs the dollar, because with that one can manage alone, and they will see whether to change them to the local currency or something like that, or I also always configure receiving and making a deposit with USD, because it is a strong currency, in itself, what we should always try to do is accumulate BTC to protect ourselves from possible inflation that comes from the dollar, although in these countries it is not I feel the inflation of the dollar very much, however in the informal economy products raise their price in dollars, the truth is that where I live it is economic madness, there is no control, but it is a fact that we must protect ourselves economically.

Thank you for this emphatic statement, I do not see a reason for any of them to play us, and for the record, none of them is to be done by force. One thing is that the OP see things in his own way, and that is fine, I respect people's opinions, but constructively, we continue to educate and guide them not to wrongly impose the wrong ideas on people. Gambling is a choice, but this choice entails you taking an entire risk on what you wager at once. It is now left to you to know the game you want to bet for the chance therein and how your expertise can help you to be on top of your game.

This includes the luck coefficient as well, so it is all about you, your choice. You can imagine me gambling sports betting if I am serious about making money in gambling. This is because I've realised and accepted the fact that casino betting has a higher risk, so I safeguard against the cheap ways of losing my money. And whole system is fair because if I lose, I lose to their pock and if I gain, I gain from their pocket, no one is cheating the other. Regardless, the risk is involved and we can't do away with it, that is why they call it Gambling, even as all the terms and conditions must have been well stated, so no one is cheating anybody.

As for trading, this one is even better specified and modelled, it's stricter and more formal than gambling when it comes to the people behind it. This is a pure business, but since it's an electronic business that is risky and is delivered to informal people, people do not take it so seriously, which is one of the reasons why they lose through it. Nevertheless, if you know how to trade well, you get easy and tangible money from it, needless to say, I can point to many successful traders. These guys also pay all the charges and still manoeuvre their ways in trading to regularly get their success from it.

I agree with you, most especially, with the first paragraph of your comment, I myself living in a country that is majorly considered to be a third world country, I would say that based on my experiences overtime, it is better to earn in a currency that is stronger than our local currency, (like the dollar) than earn in our local currency, and this because just as you have said, inflation most of the time bite really hard to the extent that you discover that after you've gotten your pay from what ever means, the money is so undervalued that it almost cannot buy anything meaningful in the market.

This is why I personally prefer to do all my betting and gambling in dollars, even when I am betting on a local casino, I simply set my prefered currency to dollar rather then leave it set to my local currency, and when I open a new local casino and discover that they don't support me setting my prefered currency to dollars, I simply just ignore that casino and look for another.
This is one of the reasons why I actually don't use our local casinos too much, I prefer to gamble on international online casino like Stake and the rest, thank goodness for cryptocurrencies that have made both deposits and withdrawals from any part of the world so easy, way easier than it would have been if fiat was the only means of deposit and withdrawals from online casino..

Yeah, the transformation of international payments is happening, that's obvious.
 Nowadays there are quite a lot of prohibitions, exceptions and sanctions.  So this is rather a forced measure and cryptocurrency cross-border payments are increasingly in demand and relevant.  And in parallel, of course, their use in the gambling industry is growing throughout the world.  In this regard, you are absolutely correct in noting that there will be some segmentation of cryptocurrency payments and the emergence of users and clients of crypto casinos everywhere in many countries around the world.  This will naturally smooth out some of the imbalances in people’s living standards in many countries.

In general, I have a positive view of such global processes of redistribution of income and capital in general.

It is very true, it is always like this, in fact in these countries you Cannot operate anything with local currency, when a peso has local currency it is to pay for services, because it is the cheapest way to pay, where large amounts come out but in reality no Thus, it is best to have a strong currency such as the dollar, the euro or the currency of any other country that is very strong compared to the local currency.

It is also very true that in countries where this type of Information exists with the local price and foreign currency such as the dollar or euro is used, they arrange the products, bet, anything to pay very high so that they win much more. Because this is something that is generated, that is, they introduce inflation in foreign currency, and in reality it is crazy.

That's what I am talking before  It is our decision We literally know if involved in this game we can go into the mariana trench or going to the top of Mount Everest all broker just want the profit they might charge a small fee but hey they have million users after all for all the brokers they seeing this as a business. If we lose from the broker it is probably our mistake, not theirs.

stock crypto and forex actually can be made like gambling by using degen way with go all in and high leverage or just buy or sell with option 1 minute chart haha

Yes, its all a matter of choice on which the thing you've said was true because if it wasnt really that something that you do consider on using them out or would really be dealing up with these things
then you wont really be having that kind of impression that they are making money with us. It is you whom do really tend to make use of their platform or whatever market you would really be dealing with.
Of course this is a business on which it would really be just that normal that they would really be making money out of those people who do make use of their service just like on what others been saying
that you are really that having the choice whether you would really be dealing with it or not. Playing in money game? This is really just that something a mindset on which a certain person could have.

All of them cant be playing us because we have our choice and decision to make whether to use them or not, though there are situations whereby we may not be able to do away with he influence of this same brokers, but that does not applies to the other aspects, casinos are making business through what they offers us and we enjoy their services and subscribed for it, pay to gamble with any amount of money we so desired, while stocks, crypto and brokers may not work with the same pattern of gambling.

so it might be interesting to consider how international gambling behaviors might shift as more transactions occur in digital currencies, potentially leveling the playing field but also introducing new complexities.

I don`t need to check. And the same time i`m sure that with USD i can play in any casino, but i can`t say it about Swedish Krona for example. And i think that in any country it would be easier to change USD than any other currency you names, expect Euro. USD is a comfortable opportunity to decrease inflation loses.

It's true that brokers have structured their business so they profit from transactions regardless of the market's ups and downs.
While it might seem like they are stacking the deck, it's also worth noting that their services provide us the platform and opportunity to trade and invest. However, I do agree that as traders, we need to be aware of the costs and ensure we're making informed decisions to manage our risks effectively.

Do not forget that USD too is a local currency, but mostly to the Americans, the only reason why USD seems like it's dominating over other local currencies in the world is because USA is the world power, that is, it is the number country in the whole world in terms of economic development and power, and as such, their currency, which is the USD, is adopted and accepted to both local in international trades by every other countries in the world, this adoption is what has given the USD; power over other local currencies from the different counties of the world.

If every country in the world were to dump USD totally, leaving it's usage to the Americans alone, we all will discover that USD is just as normal as any of our local currencies.
And also, you are right about USD losing purchasing power, one thing we must understand is that, every fiat currencies are designed to function the same way, and as such, every fiat currency loses purchasing power over time, regardless of how economically powerfull a country is.

Yeah, it's true, if you use US dollars in the game, and then convert them into local currencies, you can actually earn quite a lot in money that circulates as a legal currency in that country.  Thus, what I talked about about different levels of wages and costs of normal life in different countries begins to matter only if we are talking about cross-border payments between countries with very different general living standards of the population of these countries.  But there are still relatively few such payments in the total number of payments in local currencies.  This is really worth considering when gambling, even using the dollar. 
You are right that this factor does not have a strong influence on the overall gambling situation.

USD is not the most stable currency, but for sure it's the most popular currency. It's not hard to check, just google it. It's not like it's a problem as Shield132 said, it's more like a delusion, people in poor countries (and I am in one of them) have a wrong perspective caused by many factors. Anyway, he is also right, you can't avoid inflation by using any fiat currently... for that, you need to find some other more valuable assets. And it's not hard to google them too, you can find some interesting stuff, but the point is about "can you afford them"?

I know about it. And we can talk about bank deposits, stocks and bonds, but it is far enough from gambling. And USD is the main currency and most stable i think. If you want to have an opportunity to get money fast and deposit it - the best way is your country currency, cryptocurrency or USD.

Why would really be needing to think up that critically or do really want to seek answers into those questions on which we can really actually be able to see and really that be able to realize something because it is really such a basic or common stuff? Of course these companies or investors are really that making money since they are doing business on which it would really be just that normal that when it comes to operation
 then they would really be always at the advantage on which us people who do make use of these platforms are the ones who do bring out that profit or revenue via commissions or house edge on casinos.
As for users the we wont really be having no option but to deal or bare with it because this is how business works on which they would really be giving out service but of course
it comes with a cost.

If you live in countries like Venezuela or Turkey where tomorrow you wake up and your currency is inflated by 20% while the odds of your bet was 1.22, then you won't see much profit but that happens once in a while and in only some countries. If you live in such country, you probably don't have money to gamble or if you have, outcome doesn't matter too much.

USD inflates too, check the chart of how USD's purchasing value decreases over time. The problem is that USD is usually stronger than local currency in poor countries and since USD's value goes up against the local currency, local people think that USD doesn't inflate and is the best asset.