Expert Opinions

Bitcoin gambling can be enticing and thrilling, offering the potential for both entertainment and profit. However, it also comes with its fair share of risks. We’ve seen players make the same errors when gambling with crypto! Understanding these errors can help you avoid making the same mistakes. In this article, we’ll take you through: Ready? […]

I first encountered Bitcoin in 2013—as accepted tender at a New York City restaurant, of all places!—but it wasn’t until many years later that I began to hear about altcoins. You may be able to relate—you’re familiar with Bitcoin, but what’s an altcoin? The short answer is that Bitcoin is the original cryptocurrency, and altcoins […]

Beyond the usual catchphrase — only death and taxes are certain, US crypto gamblers don’t have much to hold on to when it comes to taxing their crypto winnings and losses. The IRS does not explicitly mention crypto gambling in its rules about taxing gambling winnings, but the rule of thumb is that such winnings […]

The price of Bitcoin in 2023 is up by approximately 130%, from less than $17,000 in January to above $38,000 in late November—an impressive gain by any measure. Bitcoin holders are elated, naturally, but many O.G. crypto holders also know the pain of owning digital tokens as their values sharply decline. What is happening when […]

We’ve recently discussed the ways that scammers of all levels approach and attract their victims, how they use what they know about what their targets want, and how they employ simple tactics to leverage human nature and then manipulate people into making costly decisions. In this article and the next, we will explore how old […]

Scams often evolve organically, expanding to fill any space that might offer rewards for the scammers. Camouflaged by authentic versions, these fraudulent propositions borrow legitimacy simply by dressing like whatever they wish to emulate. For investors or gamblers in the crypto space, opportunities definitely exist, and while caution is commonplace, true risk necessarily comes before […]

In our last two posts, we created a fake product and then built a story around that product likely to appeal to a target audience, which we researched from the outset. We patterned our bogus token on real, profitable drops from the past and are now ready to disseminate this fantasy to anyone who might […]

If a con artist knows what you want, they can take anything you have, and if you choose to take risks in life, a better understanding of deception is essential. Generally speaking, the core methods of con games are the same today as they were a hundred years ago, and all that’s really changed is […]

Understanding how we can be manipulated into making important – often costly – decisions is one of the most powerful defenses against scammers. Most victims of con games cannot rationalize how they came to pull the trigger on something that proved ultimately to be false. So one has to wonder: Recognizing the danger of deception […]

Recently, we’ve discussed how potential victims might be approached and manipulated into unexpected situations beyond their control. We’ve used simple scams to explore how human nature and psychology might drive us off a cliff, but the Jam Auction is one of the best examples of a con game in action to help us understand how […]

Many people presume that crypto is the domain of dreamers or naïve investors hoping to make a quick buck with phantom funds that exist only in ones and zeros in some digital bunker. Of course, there’s a little truth to this, however: This public perception of crypto as a “Wild West” often fosters a lack […]

There are two sides to this situation, and as players (especially advantage players), it’s essential we consider both angles. For customers, it might seem like a minefield of rules that give the casino the right to refuse winnings should any rule or regulation be breached. More shady gaming sites might build an “out” into any […]

Once scammers have a fresh supply of suckers, there are countless ways to deceive them. Most often, they target individuals, but when potential victims are scammed in groups: Investing in crypto and online gambling can seem complicated once we delve deeper into various communities and forums (it is) but when it comes to being scammed, […]

Con artists have an impressive arsenal of weapons designed to manipulate us into decisions we shouldn’t take (and wouldn’t under normal circumstances). We’ve discussed how we can increase personal defenses by being more aware of attempts to approach us, however: To understand how this happens, let’s step away from the world of gambling and investing […]

Bitcoin’s trading value is more than $11 billion, at least at the time of writing. But despite BTC’s renown, many people don’t know how it’s made. To most people out there, the world of crypto is shrouded in mystery. Some Bitcoin casino players bet using BTC without having the foggiest idea of where their crypto […]

The fusion of cryptocurrency and gambling marks a notable development in the digital financial world. This combination has revolutionized transaction methods in the gambling industry and significantly influenced the habits of gamblers. As cryptocurrencies, particularly Bitcoin, gain traction in online gambling, understanding how they are reshaping gambling practices becomes essential. This article, informed by a […]