Gambling in Video Games Goes Beyond Loot Boxes, Study Says
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CMV: Since the minimum age required to gamble at a casino is 18 (United States), video games that let players buy loot boxes with with real world money should receive an AO (adults only) rating.
Slot machines give randomized rewards and so do loot boxes yet you have to be 18 to play slots at a casino. Both
tribal and
non tribal casinos have a minimum age requirement of 18 for pretty much everything except Bingo.
Articles by
The New Yorker and
The Guardian outline some of the issues.
I know that traditionally only games with extreme pornography have received the AO rating, however, according to
the ESRBs website, M is for 17 and up. 17 years old is too young to gamble in all casinos in the US therefore games with loot boxes that can be bought with real world money should be given an AO rating.
EDIT: My view was changed due to
this comment. My new view is that loot boxes should be removed from games entirely. Skins and other cosmetics should be available as a straight purchase, rewarded through skillful play (achievements), or unlocked via a sort of "exp bar" mechanic.
submitted by Final-Verdict to changemyview [link] [comments]
CMV: If a video game features a "loot box" game mechanic that involves spending real money, its ESRB rating must be set to "Adults Only" with the word 'Gambling' being placed in the rating summary(along with blood, violence, whatever else).
I define gambling as being spending real money for a chance to win an award with the possibility of losing or receiving a reward that doesn't make up for the amount of money you spent(i.e, winning one dollar off of a three dollar scratch card).
With that definition in mind, I think it is obvious that the "loot box" craze in video games nowadays is gambling at its finest. You spend real money for an ingame currency that is then used to open a digital crate that then spits out digital items of various rarities. There's a chance you'll win a rare item(and thus make back your deposit in a way), but most of the time you'll get lackluster rewards. This encourages you to buy more and more crates until you win big.
I think that adults have the right to gamble as much as they want. It is a terrible, life-destroying addiction, but it's still their right to do it. However, I do not believe that children should be subjected to gambling. They are too young to fully understand the consequences of it and are thus more susceptible to participating in it and spending massive amounts of money.
Since gambling should obviously be restricted to being practiced by adults only in all circumstances, video games that feature gambling in the form of loot boxes or whatever else must be appropriately rated. I believe that the rating must be Adults Only instead of Mature because the former sends a clearer message to parents that this video game they're buying is not at all suitable for a child to play. Adults Only isn't frequently given out as a rating, so it being present instead of Mature would also be more eye-catching; thus, parents who are jaded to buying Mature games for their kids won't be so eager to buy the one with loot boxes.
When I say that every game with loot boxes should be labelled as Adults Only, I mean EVERY GAME WITH LOOT BOXES. I don't care if it's "Super Mario Sunshine Happiness While Also Teaching Typing While Barney Sings"; if there's gambling, that makes it an adult game. Children should never be subjected to gambling in any form whether it be given a Mario or a Star Wars skin.
And that concludes my argument.
This is a footnote from the CMV moderators. We'd like to remind you of a couple of things. Firstly, please read through our rules. If you see a comment that has broken one, it is more effective to report it than downvote it. Speaking of which, downvotes don't change views! Any questions or concerns? Feel free to message us. Happy CMVing!
submitted by FrankWest21CP to changemyview [link] [comments]
Nick Xenophon calls for first-person shooter video games to be defined as gambling - Virtual weapons won in some games can be bought for real money and used like casino chips on online gambling websites.
[Video game] may have loot boxes (real money gambling mechanics that caused a lot of negative press lately), but they are only for cosmetic content. Let's make two highly upvoted threads to praise the developer for this.
submitted by EnaiSiaion to HailCorporate [link] [comments]
I've written my congresspeople about unregulated real-money gambling in video games
It was about 6 months back, not even in response to this. The fact is video game gambling has all the problems of regular gambling but none of the consumer protections.
The tricks gave developers use -- tweaking drops for a player in response to their behavior, visual ways of misrepresenting the true odds, and god only knows what else -- are illegal for slot machines in Las Vegas. They take these kinds of shenanigans very, very seriously. You can't plug in a new type of slot machine without the government inspecting every component for months, including the source code.
The cost of this unregulated gambling isn't just a bunch of nerds getting ripped off, either. It's made to be even more addictive than casino gambling, and it causes people to ruin their lives in the same way. How many of these "whales" do you think can really afford it? Some, maybe, but not all, and that is why gambling is regulated. What these games do is predatory, and they know it.
submitted by Puggednose to StarWarsBattlefront [link] [comments]
[Serious] Should the loot crates in video games which you can purchase with real money be treated as gambling? Why or why not?
submitted by Nong_Chul to AskReddit [link] [comments]
Online casinos offer video poker games for real money play. There are also quite a few online casinos where you can play video poker in free play mode. Visit Now" https://www.casinositesuk.com/video-poker #onlinecasino #realmoney #gambling #onlinegame #Casinositesuk
I will not gamble real money in a video game for cosmetics.
After the changes to the purchased loot boxes i feel like i have to give a general statement that, after seeing reactions on this subreddit and talking to other people, I feel like is true for many others, too.
No matter how you change them you will not make me purchase real money to gamble in a video game. I dislike this system in general and as long as you dont bring back direct purchases for (almost) everything I will spend nothing on this game.
As a background, I proudly spend a lot of money on this game before the changes not only because I liked the items but also because I wanted to support the game I like. But I can not support this ongoing trend of using the human nature of getting addicted to gambling.
submitted by Kamantum to heroesofthestorm [link] [comments]
Deltas awarded in "CMV: Since the minimum age required to gamble at a casino is 18 (United States), video games that let players buy loot boxes with with real world money should receive an AO (adults only) rating."
Below is a list of the deltas awarded in
this post.
Please note that a change of view
is not necessarily a reversal, and that OP awarding a delta doesn't mean the conversation has ended.
For a full explanation of the delta system,
see here.
Deltas from Other Users
None yet.
submitted by DeltaBot to DeltaLog [link] [comments]
Deltas awarded in "CMV: If a video game features a "loot box" game mechanic that involves spending real money, its ESRB rating must be set to "Adults Only" with the word 'Gambling' being placed in the rating summary(along with blood, violence, whatever else)."
Below is a list of the deltas awarded in
this post.
Please note that a change of view
is not necessarily a reversal, and that OP awarding a delta doesn't mean the conversation has ended.
For a full explanation of the delta system,
see here.
Deltas from Other Users
submitted by DeltaBot to DeltaLog [link] [comments]
I posted this in /r/GlobalOffensive, but I think that the discussion might be more well taken here. I believe the implications go beyond just CS:GO in regards to gambling real money in video games as microtransactions.
/GlobalOffensive, I believe that we are running into dangerous territory. This sentiment is probably shared by many in this subreddit, but I feel that there has been a stark lack of publicity surrounding it, not only on reddit but in CS:GO in general. It has been corroding the community and ultimately I believe it is the reason we have seen little-to-no development by Valve on the plethora of issues surrounding the game. In Valve's eyes, CS:GO is not a game where the success of it as an e-sport matters, but instead a game that prints money through their inherently addictive gambling system.
Now, I'm not saying that CS doesn't hold a future for e-sports. I have been playing CS for nearly a decade and the growth we have seen in the community has been a renaissance for those of us who thought that Counter Strike was a dying breed. This came at a wonderful time, and I couldn't be happier, but with it came a parasite that I truly believe will not only hinder the potential for Counter Strike as a whole, but sets a dangerous precedent for the entire e-sports community. Valve has set up a scientifically-proven addictive system as a means of microtransactions, and their laissez faire attitude towards the proliferation of betting sites shows their commitment to this being the
de facto way of spectating e-sports.
Now, there are some few counter arguments to this argument that I would like to address one-by-one.
"Gambling is a personal choice, you can either choose to spend your money on cases/skins or not but it shouldn't be the responsibility of Valve or a government to tell you whether or not to make that decision." This is a popular argument to make and I believe that it is completely valid when you apply it to other gambling venues such as casinos and horse races, but online and especially in a video game there is little to no accountability as to the age of these individuals making the decisions to gamble. For this reason and this reason alone, we cannot truly use it as an argument for the benefit of gambling within the e-sports community. Not only that, but it is despicable for Valve to design a game in which gambling is the forefront mechanic of the game. Nearly 2/3's of the very first page of the game is dedicated to gambling. (Admittedly, as of this post the 'patch notes' blog simply is advertising a new case, but that could change.)
"Cases and skins have no direct influence in the gameplay or the e-sports community." My very first response to this was the huge issue with professional players throwing matches and how that has left a scar on the community ever since. But now that the dust has settled, the issue has migrated from one of fact to one of admittedly speculation, but this speculation is not founded upon a tin foil hat, but a correlation of fact. As we have seen a growth in the community and a growth of the pro-gambling attitude, as seen through the number of betting sites popping up etc., we have seen a continued decrease in Valve participation in active development of the game, decreasing from next to nil, to none. Couple this with Gabe Newall's recent comments on the paid mods debacle and him referring to 'money driving the market', we can safely assume that as long as the money is flowing into into cases and skins, we will never see an active development team on Counter Strike: Global Offensive. This leads me to the final counter argument and the most popular one:
"Nothing will ever change. People will continue to buy skins and cases and the community will be clamoring over the next big case or skin as soon as it drops." The cynic in me wants to agree because, hell, it's much easier to be cynical than optimistic. But if you do decide to take that cynical stance, you have to understand one thing:
valve will never care about this game as long as we all are obsessing over gambling. They have shown over and over that's how they operate. They see the money, not the community. Look at their historic track record with community interaction and customer support. There is none.
So, I believe that there is a choice we must make. It may not happen immediately. Real change never happens overnight, but if we make our voice heard through our wallets, we may hope to see some change. We can either:
- Continue buying skins and not complain about the horrific lack of fixes that Valve has done.
- Refuse to put any more money into cases/skins and hope that eventually change will come of it.
Remember, it's easy to be a cynic. But cynicism never fixes the problem, it only pushes the revolving door. For those of you who feel as though you may have a problem with CS:GO gambling and it is taking over your life (or maybe just your wallet), please feel free to drop by and tell your story on the subreddit I have just created:
/nomorekeys It's a work in progress, but I will continue working on it for anyone who may need it. The community has turned a blind-eye to what I believe is a real problem that needs to be addressed. Feel free to add to the discussion below, especially if you disagree with me. I'd love to hear everyone's input.
submitted by return-zero to Games [link] [comments]
Loot boxes in games are bad. But what about people who make videos opening them?
There are thousands of videos on youtube and on twitch about people opening loot boxes, screaming in joy when they get a rare items. And to some degree, I understand why it's so exciting; after all, you just unlocked a amazing-looking skin/item, and you like it because it was so rare. CS:GO boxes had the potential to break even on the money you just spend, and maybe even make a huge profit.
But in recent games, there is a good chance for you to spend +$200 just to get that cool skins/emotes/emblems, to which can’t be sold for real money. I've noticed that these loot box opening videos only shows the exciting part of getting those rare items, or they bought the chests with high chances of getting these rare items.
Who is to say they haven’t cleverly edited out the fact that they spent +$200 on the boxes, or this is the last 2-3 boxes of 100 boxes they have purchased? Even if they get the rare content, it’s just a piece of data. It has no real monetary value! I don’t understand; why are they so happy? Where is the appeal coming from?
Live streamers are the ones who really irritates me, because they should realize they look like fucking idiots, as they are caught in the excitement and not realizing that they just lost so much money from the pocket, all for the cool looking skin. I feel these type of videos are actually what promotes the viewers, especially younger ones, to spend money and gamble with the loot boxes. Thus, the publishers themselves don't have to promote any of their lootboxes.
What really makes me mad is that these people are considered “content creators”, and the fact that they are probably making money off on twitch and youtube by just mindlessly clicking that “open” button on those boxes. Seriously, there are creators who share interesting information, put much work into hilarious skits, an impressive animation, or even some know-how for real-life skills. Yet all these people are doing is screaming on camera and that generates 100k+ views and profit. It feels really unfair.
They certainly might have the personality to get viewers excited for what will be in the chest, but that brings back to my original point; they make loot box openings exciting and nulls out the more frustrating parts.
submitted by sgy0003 to truegaming [link] [comments]
Cody on Instagram-So to sum it all up - A “no mercy” like console game! A GM simulator! A new shirt! A mobile casino game! Follow @playaewgames now - @allelitewrestling @aewontnt @tntdrama #aew
submitted by pwgmanan to SquaredCircle [link] [comments]
Timeline of Trump's Russia Connections from KGB Cultivation to United State President
The Russia Mafia is part and parcel of Russian intelligence.
Russia is a mafia state. That is not a metaphor. Putin is head of the Mafia. So the fact that they have deep ties to Donald Trump is deeply disturbing.
Trump conducted FIVE completely private meetings and conferences with Putin, and has gone to great lengths to prevent literally anyone, even people in his administration, from learning what was discussed.
According to an ex-KGB spy...Russia has been cultivating Trump as an asset for 40 years.
Trump was first compromised by the Russians in the 80s. In 1984, the Russian Mafia began to use Trump
real estate to launder money.
In 1984, David Bogatin —
a convicted Russian mobster and close ally of
Semion Mogilevich, a major Russian mob boss — met with Trump in Trump Tower right after it opened. Bogatin bought five condos from Trump at that meeting.
Those condos were later seized by the government, which claimed they were used to launder money for the Russian mob.
“During the ’80s and ’90s, we in the U.S. government repeatedly saw a pattern by which criminals would use condos and high-rises to launder money,” says Jonathan Winer, a deputy assistant secretary of state for international law enforcement in the Clinton administration. “It didn’t matter that you paid too much, because the real estate values would rise, and it was a way of turning dirty money into clean money. It was done very systematically, and it explained why there are so many high-rises where the units were sold but no one is living in them.” When Trump Tower was built,
as David Cay Johnston reports in The Making of Donald Trump, it was only the second high-rise in New York that accepted anonymous buyers.
In 1987,
the Soviet ambassador to the United Nations, Yuri Dubinin, arranged for Trump and his then-wife, Ivana, to enjoy an all-expense-paid trip to Moscow to consider business prospects.
A short while later he made his first call for the dismantling of the NATO alliance. Which would benefit Russia.
At the beginning of 1990 Donald Trump owed a combined $4 billion to more than 70 banks, with $800 million personally guaranteed by his own assets, according to Alan Pomerantz, a lawyer whose team led negotiations between Trump and 72 banks to restructure Trump’s loans. Pomerantz was hired by Citibank.
Interview with Pomerantz Trump agreed to pay the bond lenders 14% interest, roughly 50% more than he had projected, to raise $675 million. It was the biggest gamble of his career. Trump could not keep pace with his debts. Six months later, the Taj defaulted on interest payments to bondholders as his finances went into a tailspin.
In July 1991, Trump’s Taj Mahal filed for bankruptcy.
So he bankrupted a casino? What about Ru...
The Trump Taj Mahal casino broke anti-money laundering rules 106 times in its first year and a half of operation in the early 1990s,
according to the IRS in a 1998 settlement agreement.
The casino repeatedly failed to properly report gamblers who cashed out $10,000 or more in a single day, the government said."The violations date back to a time when the Taj Mahal was the preferred gambling spot for Russian mobsters living in Brooklyn, according to federal investigators who tracked organized crime in New York City. They also occurred at a time when the Taj Mahal casino was short on cash and on the verge of bankruptcy." ....ssia
So by the mid 1990s Trump was then at a low point of his career. He defaulted on his debts to a number of large Wall Street banks and was overleveraged. Two of his businesses had declared bankruptcy, the Trump Taj Mahal Casino in Atlantic City and the Plaza Hotel in New York, and the money pit that was the Trump Shuttle went out of business in 1992. Trump companies would ultimately declare Chapter 11 bankruptcy two more times.
Trump was $4 billion in debt after his Atlantic City casinos went bankrupt. No U.S. bank would touch him. Then foreign money began flowing in through
Deutsche Bank.
The
extremely controversial Deutsche Bank. The
Nazi financing,
Auschwitz building,
law violating,
customer misleading,
international currency markets manipulating,
interest rate rigging,
Iran &
others sanctions violating,
Russian money laundering, salvation of Donald J. Trump.
The
agreeing to a $7.2 billion settlement with with the U.S. Department of Justice over its sale and pooling of toxic mortgage securities and causing the 2008 financial crisis bank.
The
appears to have facilitated more than half of the $2 trillion of suspicious transactions that were flagged to the U.S. government over nearly two decades bank.
The
embroiled in a $20b money-laundering operation, dubbed the Global Laundromat. The launders money for Russian criminals with links to the Kremlin, the old KGB and its main successor, the FSB bank.
That bank.
Three minute video detailing Trump's debts and relationship with Deutsche Bank In 1998,
Russia defaulted on $40 billion in debt, causing the ruble to plummet and Russian banks to close. The ensuing financial panic sent the country’s oligarchs and mobsters scrambling to find a safe place to put their money. That October, just two months after the Russian economy went into a tailspin,
Trump broke ground on his biggest project yet.
Directly across the street from the United Nations building.
Russian Linked-Deutsche Bank arranged to lend hundreds of millions of dollars to finance Trump’s construction of a skyscraper next to the United Nations.
Construction got underway in 1999.
Units on the tower’s priciest floors were quickly snatched up by individual buyers from the former Soviet Union, or by limited liability companies connected to Russia.
“We had big buyers from Russia and Ukraine and Kazakhstan,” sales agent Debra Stotts told Bloomberg. After Trump World Tower opened, Sotheby’s International Realty teamed up with a Russian real estate company to make a big sales push for the property in Russia. The “tower full of oligarchs,” as Bloomberg called it, became a model for Trump’s projects going forward. All he needed to do, it seemed, was slap the Trump name on a big building, and high-dollar customers from Russia and the former Soviet republics were guaranteed to come rushing in.
New York City real estate broker Dolly Lenz told USA TODAY she sold about 65 condos in Trump World at 845 U.N. Plaza in Manhattan to Russian investors, many of whom sought personal meetings with Trump for his business expertise.
“I had contacts in Moscow looking to invest in the United States,” Lenz said. “They all wanted to meet Donald. They became very friendly.”Lots of Russian and Eastern European Friends. Investing lots of money. And not only in New York. Miami is known as a hotspot of the ultra-wealthy looking to launder their money from overseas.
Thousands of Russians have moved to Sunny Isles.
Hundreds of ultra-wealthy former Soviet citizens bought Trump properties in South Florida.
People with really disturbing histories investing millions and millions of dollars.
Igor Zorin offers a story with all the weirdness modern Miami has to offer: Russian cash, a motorcycle club named after Russia’s powerful special forces and a condo tower branded by Donald Trump.
Thanks to its heavy Russian presence, Sunny Isles has acquired the nickname “Little Moscow.” From an interview with a Miami based Siberian-born realtor... “Miami is a brand,” she told me as we sat on a sofa in the building’s huge foyer. “People from all over the world want property here.” Developers were only putting up luxury properties because they “know that the crisis has not affected people with money,”
Most of her clients are Russian—there are now three direct flights per week between Moscow and Miami—and increasing numbers are moving to Florida after spending a few years in London first. “It’s a money center, and it’s a lot easier to get your money there than directly to the US, because of laws and tax issues,” she said. “But after your money has been in London for a while, you can move it to other places more easily.”
In the 2000s, Trump turned to licensing deals and trademarks, collecting a fee from other companies using the Trump name. This has allowed Trump to distance himself from properties or projects that have failed or encountered legal trouble and provided a convenient workaround to help launch projects, especially in Russia and former Soviet states, which bear Trump’s name but otherwise little relation to his general business.
Enter
Bayrock Group, a development company and key Trump real estate partner during the 2000s. Bayrock partnered with Trump in 2005 and invested an incredible amount of money into the Trump organization under the legal guise of licensing his name and property management. Bayrock was run by two investors:
Felix Sater, a Russian-born mobster who served a year in prison for stabbing a man in the face with a margarita glass during a bar fight, pleaded guilty to racketeering as part of a mafia-driven "pump-and-dump" stock fraud and then escaped jail time by becoming a highly valued government informant.
He was an important figure at Bayrock, notably with the Trump SoHo hotel-condominium in New York City, and has said under oath that he represented Trump in Russia and subsequently billed himself as a senior Trump advisor, with an office in Trump Tower.
He is a convict who became a govt cooperator for the FBI and other agencies. He grew up with Micahel Cohen --Trump's disbarred former "fixer" attorney.
Cohen's family owned El Caribe, which was a mob hangout for the Russian Mafia in Brooklyn. Cohen had ties to Ukrainian oligarchs through his in-laws and his brother's in-laws. Felix Sater's father had ties to the Russian mob.
Tevfik Arif, a Kazakhstan-born former "Soviet official" who drew on bottomless sources of money from the former Soviet republic.
Arif graduated from the Moscow Institute of Trade and Economics and worked as a Soviet trade and commerce official for 17 years before moving to New York and founding Bayrock. In 2002, after meeting Trump, he moved Bayrock’s offices to Trump Tower, where he and his staff of Russian émigrés set up shop on the twenty-fourth floor.
Arif was offering him a 20 to 25 percent cut on his overseas projects, he said, not to mention management fees. Trump said in the deposition that Bayrock’s Tevfik Arif “brought the people up from Moscow to meet with me,”and that he was teaming with Bayrock on other planned ventures in Moscow. The only Russians who are likely have the resources and political connections to sponsor such ambitious international deals are the corrupt oligarchs.
In 2005, Trump told The Miami Herald “The name has brought a cachet to certain areas that wouldn’t have had it,” Dezer said Trump’s name put Sunny Isles Beach on the map as a classy destination — and
the Trump-branded condo units sold “10 to 20 percent higher than any of our competitors, and at a faster pace.”“We didn’t have any foreclosures or anything, despite the crisis.” In a 2007 deposition that was part of his
unsuccessful defamation lawsuit against reporter Timothy O’Brien Trump testified "that Bayrock was working their international contacts to complete Trump/Bayrock deals in Russia, Ukraine, and Poland. He testified that
“Bayrock knew the investors” and that “this was going to be the Trump International Hotel and Tower in Moscow, Kiev, Istanbul, et cetera, and Warsaw, Poland.” In 2008,
Donald Trump Jr. gave the following statement to the “Bridging U.S. and Emerging Markets Real Estate” conference in Manhattan:
“[I]n terms of high-end product influx into the United States, Russians make up a pretty disproportionate cross-section of a lot of our assets; say in Dubai, and certainly with our project in SoHo and anywhere in New York. We see a lot of money pouring in from Russia.” In July 2008,
Trump sold a mansion in Palm Beach for $95 million to Dmitry Rybolovlev, a Russian oligarch. Trump had purchased it four years earlier for $41.35 million. The sale price was nearly $54 million more than Trump had paid for the property. This was the height of the recession when all other property had plummeted in value. Must be nice to have so many Russian oligarchs interested in giving you money.
In 2013,
Trump went to Russia for the Miss Universe pageant “financed in part by the development company of a Russian billionaire Aras Agalarov.… a Putin ally who is sometimes called the ‘Trump of Russia’ because of his tendency to put his own name on his buildings.” He met with many oligarchs.
Timeline of events. Flight records show how long he was there.
Video interview in Moscow where Trump says "...China wanted it this year. And Russia wanted it very badly." I bet they did.
Also in 2013, Federal agents busted an “ultraexclusive, high-stakes, illegal poker ring” run by Russian gangsters out of Trump Tower. They operated card games, illegal gambling websites, and a global sports book and laundered more than $100 million. A condo directly below one owned by Trump reportedly served as HQ for a
“sophisticated money-laundering scheme” connected to Semion Mogilevich.
In 2014,
Eric Trump told golf reporter James Dodson that the Trump Organization was able to expand during the financial crisis because
“We don’t rely on American banks. We have all the funding we need out of Russia. I said, 'Really?' And he said, 'Oh, yeah. We’ve got some guys that really, really love golf, and they’re really invested in our programmes. We just go there all the time.’” A 2015
racketeering case against Bayrock, Sater, and Arif, and others, alleged that: “for most of its existence it [Bayrock] was substantially and covertly mob-owned and operated,” engaging “in a pattern of continuous, related crimes, including mail, wire, and bank fraud; tax evasion; money laundering; conspiracy; bribery; extortion; and embezzlement.” Although the lawsuit does not allege complicity by Trump, it claims that Bayrock exploited its joint ventures with Trump as a conduit for laundering money and evading taxes. The lawsuit cites as a “Concrete example of their crime, Trump SoHo, [which] stands 454 feet tall at Spring and Varick, where it also stands monument to spectacularly corrupt money-laundering and tax evasion.”
In 2016, the Trump Presidential Campaign
was helped by Russia.
(I don't have the presidential term sourced yet. I'll post an update when I do. I'm sure you probably remember most of them...sigh. TY to the main posters here. Obviously I'm standing on your shoulders having taken a lot of the information or articles from here).
submitted by Well__Sourced to Keep_Track [link] [comments]
#WEWANTCHANGE - GUIDE - UPVOTE THIS!! SO THE DEVS/YOUTUBERS CAN SEE IT /ANSWER TO RAIYUDEN FEEDBACK VIDEO
| !!Update 5!!: Rhymestyle made a video. Touched on a lot of problems. The video got 64k views. Almost no one disagreed in the comments. (1week ago)Watch it here: https://www.youtube.com/watch?v=6NItJt40tMg Rhymestyle: \"Toshi, we've gotta talk!\" Update 4: 6 Youtubers addressed the curent state of legends so far. Newest addition DBZoom: https://www.youtube.com/watch?v=-nmJ3Bx_Wv0 HOT Update 3!!!!: Lets Fight will give Energy Tanks with the next Patch. They listen, if we voice our concerns like this. Here are the ingame news: https://www.reddit.com/DragonballLegends/comments/ld325h/lets_fight_3_is_permanent_all_lets_fight_now/ Keep going! Power of community unity Update2: 3 Youtubers voiced their concerns in the past 10 days. FINALLY a bigger youtuber did a critique/suggestion video. While I do have a different approach, it is important everyone starts doing this and starts giving feedback. We all know what happens next! We have to do something about it Here is your step by step guide!! EDIT: UPDATE 02/05 2021! (YOUTUBERS THAT MADE A FEEDBACK VIDEO) - Raiyuden Critique/Feedback https://www.youtube.com/watch?v=mryuiRmdlIM
- Lebra Critique/Feedback https://www.youtube.com/watch?v=46joK2rXxLk
- Yaro G Critique/Meme https://www.youtube.com/watch?v=KuYJVDVgqsc
- RikuTheBest Feedback https://www.youtube.com/watch?v=Oe3OA80Kgwk&t=4s
- DBZoom Reaction https://www.youtube.com/watch?v=-nmJ3Bx_Wv0
- RHYMESTYLE https://www.youtube.com/watch?v=6NItJt40tMg
(1. Preparation) WHAT YOU CAN DO RIGHT NOW Copy/Paste (2. ACTION below) INTO YOUTUBERS comment sections and upvote Dragonball Youtuber List (their social media link are on the top right on their channel pages): - DaTruthDT https://www.youtube.com/useDaTruthDT
- Nanogenix https://www.youtube.com/c/Nanogenix/featured
- Rhymestyle https://www.youtube.com/useMrRhymestyle
- KaggyFilms https://www.youtube.com/c/KaggyFilms/featured
- Ndukauba https://www.youtube.com/usendukauba1
- D-Free https://www.youtube.com/channel/UC5NKcRdDZTC-AIF-WCdZtmg
- RikuTheBest https://www.youtube.com/useRikuXPaine
- Bradical https://www.youtube.com/channel/UCiw7oQnb47XCPQn8oFf71SA
- Raiyuden https://www.youtube.com/channel/UC3jgWojjhT3bZFWF28WJZ4Q
- Goresh https://www.youtube.com/c/Goresh/featured
- Lebra https://www.youtube.com/channel/UCBW5gfd_noaKaSpgYgq4MGw
- Yaro G https://www.youtube.com/channel/UC22B-d9670iu_qPFXNoa5ag
Facebook Global: https://www.facebook.com/DBLegends.Official/ Twitter Global: https://twitter.com/db_legends?lang=enTwitter JP: https://twitter.com/db_legends_jp?lang=en Join Dragonball Legends Facebook groups and spread the message: 97k members https://www.facebook.com/groups/DBLegendsGame 31k members https://www.facebook.com/groups/220406652085354/ -------------------------------------------------------------------------------- (2. ACTION) Copy/PASTE the following: #WEWANTCHANGE DBL COMMUNITY ->1 Go to dbl legends reddit or raiyuden(youtuber) and share your feedback) ->2 Adjust your google playstore rating to 4,3,2 or 1 star (based on your opinion) ->3 Write Reviews (your opinion) : -
Leads by example /u NXRJ 2. https://preview.redd.it/smz9ihp80of61.png?width=657&format=png&auto=webp&s=958c9be62e661a9a23f09a276959c5efa0cfa190 3. https://preview.redd.it/ghs0cuuh0of61.png?width=644&format=png&auto=webp&s=d21f324cbd07380358acc8cdb484284e93199f17 ->4 MOST IMPORTANT: Keep the Rating until changes are IMPLEMENTED!!!! EMPTY PROMISES ARE WORTH SHIT. ->5 Tell everyone you know to do the same, even if they are happy with the game right now. The devs can't do shit until the management/investor guys (that 100% don't play the game) receive our feedback where it hurts. --------------------------------------------------------------------------------------- (3 Spread the message) A Hint to this this thread B Post your feedback here --------------------------------------------------------------------------------------- (WHAT WHALES/Japanese citizens CAN DO) - Make sure you mobilize your community with a positive message. Tell them what you like to see and also make sure to lead by example. Even if you just show your community that you rate the game down to 3 stars, your community will follow. Talk about the movement, talk about the suggestions made here.LEAD BY EXAMPLE
- COLLECT FEEDBACK PRINT IT OUT AND DELIVER IT in waves directly to dimps headquarter in OSAKA, japan. Some gache youtubers even rented a car with a digital billboard and parked in front of the headquarter. Media even reported about it and that forced the management to step in front of the community to promise changes.
The YOUTUBER that puts in the most effort to deliver a positive change, most likely will beswarmed with new subscribers and will be hailed as saint. So put your money were yourmouth is and get creative. - Use your connections and tell the devs, to forward our message to the management.
- Only money speaks. Lower reviews result in lower player spending and reduced new player downloads. THESE ARE THE ONLY METRICS THE MANAGEMENT/INVESTORS CARE ABOUT. So we have to talk to them in the only language they understand. FEEDBACK WILL ONLY BE USEFUL, IF THE THREAT OF LOWER MONTHLY REVENUE is accompanied with it. Use that fact to your advantage.
- Lastly, you guys should form some kind of alliance. So whenever the greed gets out of hand you can collectively intervene. YOU GUYS HAVE THE BIGGEST LEVERAGE TO MAKE THE GAME BETTER.
The customer is king for every business. We need to remind them of that. WHY DO YOU EVEN PLAY THE GAME? Remember the times, when rates were way higher? UST Banners? etc. - Is it the gacha/gambling (excitement) aspect? - bi weekly new characters and updates? - Team Building Aspect (Z Ability, Equipment, Tags?)- Story? - Mobile only? - gameplay My opinion: The Good: For me, it's the the update cycles with new characters and the feeling of looking forward to always know, that there is always a character that is missing. Gameplay is alright. The Bad: Pay $100+ for full Zenkai7 (one unit balance patch), 14 star units, LF Zenkai with horrible rates, PVP is super fun /s - Compared to any other dragonball game the balance is shit. You have a huge roster an only a small portion is really playable. And only if you invest a lot of money to make them 6+ stars or zenkai (if they have one) - Gamemodes (events) outside of pvp are not fun, just grindy. - pvp is a shitfest, because balance is almost non existing and instead of having a huge character roster which to choose from (like any other dragonball game) old characters are just not usable (everything master pack 1,2,3,(4) that is not zenkai'd WHAT I WISH LEGENDS WAS: A tenkaichi 2/3 xenoverse2, figter z light with gacha, teambuilding, amazing long term game modes and balanced pvp, where almost every character is usable. (Which it is at it's core) Rememeber these? Legends is basically a toned down version of past glory (Ultimate Tenkaichi was terrible though) WHAT THEY NEED TO DO (in my opinion) 1. Introduce long term gamemodes Dragonball games had so many great game modes in the past (There is so much inspiration they can draw from dokkan, budokai 1-3, tenkaich1-3, raging blast 1-2, xenoverse 1-2, dragonball heroes, other gachas or even mmos) Seriously look at the game modes of old dragonball games. 2. REBALANCE Remember the past - Every old character should have a farmable way to zenkai them. - Zenkai power lvl should always be about 25 to 30% below the newest 10 to 15 units, so they always are usable (like any other db game, for diversity) - A new farmable zenkai lvl should be introduced every few months, for the oldest characters. (z8-99) so every character stays somewhat relevant. These 3 points alone make legends a vastly different games, since you suddenly can work towards and use every character, like a real pvp game (fighter z) - Lastly an inspiration from seven deadly sins grand cross -> let us turn heroes>extremes> sparkings -> look at how they do it and why ( makes even bad characters somewhat usable) 3. INTRODUCE MORE SKILL/SKILL BASED Characters Mor Skill mor fun - More Character mechanics to play around (UI Goku, cover change, cover rescue, gogeta red stance, blast armor etc.)- Character specific art cards. (There is way more you can experiment with, other than blast and strike, for example combine 2 blast for a heavy blast, or 2 strikes for a heavy combo -> strategic element) 4. COSMETICS A prime example of how to do cosmetics right (without stat boni) - 7 deadly sins grand cross Just hear me out on this one. I played a gacha that had shallot like costumes for every frickin character. You could even buy different hairstyles. (Seven deadly sins- grand cross) and people spend a shitton of money on these type of things (fortnite, league of legends etc.).Just watch this video and get a feel, what it would look like (without stat boni of course): https://www.youtube.com/watch?v=ppWKdsZBT28 5. The "little" Stuff Content? Let me be clear. Login Bonus is no content, rehashed events we already did a year ago are no content, year old legends roads are no content, year old storys are no content. AND 5 MINUTE EVENTS or SKIP TICKET (Android 21) GRINDING FIESTAS are no content either. Space Time Rush is content, coop grinding is boring grind shit- no content, pvp is content. main story is content. Everything fun is good content, everything else is just boring shit we have to do in order to enjoy \"MAIN content\" - More Events, more Energy, more c, more everything - Pity timer for featured units!!!! (other gachas have it too) - Raid boss is available until time is over - Bring UST back - TIme for Master Pack 4 - Step ups need to be great again. - Edit: Guilds are useless. I'm sure there are gachas that handle that aspect way better. Learn from them. Remember it has to be F U N - About shallot (sigh*) use his fucking potential https://www.reddit.com/DragonballLegends/comments/atfwh3/shallot_megathread_the_unused_potentialideas_and/ - (Placeholder) CONCLUSION:What would we get after all these changes? Companies should stop exploiting our love for dragonball. THE Dragonball Legends YOU DESERVE A game you want to play the entire time, without ever getting finished. A game you want to spend a lot of money on, since you know you always can use your characters A game that stays exciting the entire time. Sincerely YOUR Dragonball Legends Community TLDR: What we want from legends and how to get it. Step by Step Guide. submitted by Redpill_Crypto to DragonballLegends [link] [comments] |
"I think I've lived long enough to see competitive Counter-Strike as we know it, kill itself." Summary of Richard Lewis' stream (Long)
I want to preface that the contents of this post is for informational purposes. I do not condone or approve of any harassments or witch-hunting or the attacking of anybody. Richard Lewis recently did a stream talking about the terrible state of CS esports and I thought it was an important stream anyone who cares about the CS community should listen to.
Vod Link here:
https://www.twitch.tv/videos/830415547 I realize it is 3 hours long so I took it upon myself to create a list of interesting points from the stream so you don't have to listen to the whole thing, although I still encourage you to do so if you can.
I know this post is still long but probably easier to digest, especially in parts.
Here is a link to my raw notes if you for some reason want to read through this which includes some omitted stuff. It's in chronological order of things said in the stream and has some time stamps.
https://pastebin.com/6QWTLr8T Intro
- "The last month has convinced me, that we are going to be heading into a dark place for Counter-Strike esports in 2021."
- "I think I've seen the scene essentially kill itself."
- "For the past 5 to 6 years, we've basically been in a holding pattern of people coming into our game wanting to run it, wanting to run all of the esports and wanting to profiteer and its been sort of a concerted effort to drive them off and push them away."
- "We're spread way too thin."
- "If Riot don't get involved and stop the scumbags that have moved over to Valorant from getting their feet under the table, Valorant is going to have real problems."
- RL thinks too much has happened all at once for us to do anything except watch it play out, like:
- Recent CSPPA strike against BLAST
- ESIC failures and them not being supported enough
- Teams cheating i.e. coaches/bugs
- Widespread match fixing
- The Pandemic
- "People who try to hold bubble events are so incompetent and fuck up and people get the 'rona and its their fault."
- "People who say Flashpoint is a bubble is full of shit and is a lie and people are now suffering for that lie."
- "To save money they let people go home and break the bubble for a week."
- "Not just Flashpoint peoples decision, they have a partner that handles the production." (hinting FACEIT)
- "People are trapped in hotels essentially under house arrest because of COVID restrictions and has fucked peoples lives up."
- "It's all too much, all of this incompetence, all of this greed, maybe we ride it out."
- RL says he has talked to the Riot devs (the ones working on Valorant) and says, "They are so cognizant of all the fuck ups and all the problems we have in Counter-Strike."
- He continues to say that this is factored into their business plan and that we never had a competitor, but just so happens to have one coincide, when we are at our worst.
CSPPA - Counter-Strike Professional Players' Association
"Who does this union really fucking serve?"
- RL believes that the CSPPA is a mockery.
- He points out the hypocrisy that they wouldn't strike for the pros who were kicked out of ESL Pro League, or for Jamppi or dream3r.
- He also says ESL paid CSPPA and are racketeering and many other TOs have to pay them to get their "seal of approval"
- He says they would strong-arm TOs saying "well if you don't give us the money, these guys are so we'll just have to commit to playing their event."
- Also points out that they will strike against a competitor they are not in agreement with (Flashpoint)
- RL: "It's what it says about every other time you haven't done it and it's about every time you don't do it now moving forward." "The issues they've chosen to ignore this year alone are embarrassing."
- Then he points out that there was no strike for Valve qualifiers even if we have no major but Jamppi and dream3r can't play in them.
- "and Valve have said 'Oh yeah we know actually their stories are accurate, Jamppi didn't cheat, now in a legally binding document. Yep dream3r did have his account hacked in a LAN café', but they still can't play. Where is the fucking solidarity? Gone. Doesn't exist. It's not important [because] it doesn't affect you." "That's what the union does right now, it looks after all the tier 1 people."
- He says the CSPPA doesn't represent all players all the time and has driven a divide where you have the haves and have-nots
- "We have a tier of players that operate with impunity and do not help their tier 2 or tier 3 players out at all." "If you are not a tier 1 player you do not matter, they don't event ask your opinion."
- He tells chrisJ to admit and own the fact that the reason he didn't speak up during the ESL Pro League debacle is because it didn't affect him
- "They are looking after some players at the expense of other players. How the fuck is that a union?"
- He says the BLAST situation is a reasonable dispute and supports the players but is not the right time for a strike and have not even identified the correct enemy
- He thinks players are lashing out now due to previous incidents and are upset that BLAST are working with ESIC
- He stated that CSPPA shouldn't beefing with ESIC and they should be working in harmony
- He says what they need to do is talk with the teams/organizations that have sold that right to BLAST
- RL: "Your employers, the people who pay you that massive exorbitant salaries, when you don't stream and you don't do interviews and you offer no value beyond your ability to click heads and you get 25k dollars a month." "Why don't you talk to them about it? Oh right. You're happy to take away BLAST's paper, but you don't want to risk your own."
- "I am seeing such unbelievable cowardice from the players here with the battles you choose."
- "Where was the strike action when in the qualifiers for the world championship, there were teams and players engaged in huge conflicts of interest?" "Where was the strike action when your image rights were taken and sold to every league you've ever been in every union type organization you've ever been associated with like, WESA, to your org every time you sign a contract, to the leagues you play in."
- "Your image rights are essentially worthless now, there's about 10 fucking separate parties that have them, and how many of them are giving you anything for it? Not much pretty much your org by the way."
- "That's a big issue. Your image is you, your image is your brand. What are you doing about that? Nothing."
- He is also angry at SirScoots who is "popping off" at people on Twitter who all want the same thing, which is 'A unified Counter-Strike scene for everybody, that works for everybody, that has a sustained ecosystem that nourishes everybody.' "We don't have that now."
- He also says their rankings are a joke
- "Just so happened, oh look TACO, that very important prominent member of the board, we pushed his team artificially up when they weren't even in the fucking top 20, not by a long shot."
- He also says the ineptitude of the CSPPA cost Flashpoint a monitor sponsor
- "Is it really a player association or is it like a fucking agency at this point"
ESIC - Esports Integrity Commission
"They have been put in an impossible position."
- RL says that Ian Smith, the founder of ESIC and who was done work in mainstream sports, is a good and honorable man who has dedicated his life to integrity and sports. He takes on both sides, ensuring match fixers are punished, but also doing appeals and ensuring those punishments were fair.
- "ESIC is a tiny organization" and are in need of money, "They didn't run a grift like the CSPPA did."
- "Saying 'you want our support and you want the players to turn up you better pay us.' They don't do that."
- "Had startup seed money from MTG and since then they've been pecking shit with the hens."
- Ian Smith made sure that the money given by MTG (Modern Times Group, parent company of ESL, ESEA, DreamHack) was nothing more than startup money and wouldn't be in debt to them
- Ian Smith sat down with other TO's not part of MTG and wanted to partner with them. They declined and called ESIC "ESL spies and we will never align ourselves with you"
- "They only were just able to afford, hiring a PR guy on a full time salary to deal with the press and send out those releases you've seen, this year."
- "They have a tiny group of staff investigating these things and they have taken on the biggest problems in our scene: the cheating, the match fixing."
- ESIC have had "unprecedented levels of cheating to deal with, because there's something wrong with our scene ever since we went online. There's something wrong with it, everyone's lost their fucking pride and self-respect and they got no passion for it anymore, so they think fuck it, what's in it for me?"
- He calls out coaches who are talking about players rights when they would rob and steal from them.
- Also says more coaches being banned are coming
- He also points out flaws in community's reaction to the punishments to coaches bans: "Half of the cunts still have jobs and some of the cunts got new jobs. We didn't even shun the cheating coaches."
- ESIC have "found I think another 2 or 3 exploits like that one and they are investigating them all right now, it's going on right now."
- "I know that there are going to be more names getting banned, again."
- "So they're doing that on a skeleton crew while, investigating 3 continents worth of match fixing in MDL and semi-pro level CS." "They're doing this with half a dozen people." "They don't have any money or any help. People barely even fucking cooperate with them, they are treated like pariahs. It's ridiculous."
- "Why are the CSPPA popping off at ESIC on my Twitter timeline, when you should be working together." "because its all about what's in it in for me." "2020, the online era of CS: 'What is in it for me?' How can I cheat, how can I get my paper, how can I bleed this scene one last time before I fuck off and play shooty shooty bang bang Riot Games babys first fps."
- RL says that in the CIS region, teams have gone to tournaments and have been eliminated multiple times by the same team. We found out they were cheating and those players who lost, have been cut from their roster, careers ended because of cheaters.
Stream Sniping
"They're all at it in the online era, they're all at it, they're all cheating, they're all using exploits, probably that see through smoke bug got used a bunch of times"
- RL talks about how there is no integrity from dead (the player), always denying when caught doing something
- On the topic of 'BLAST never said we couldn't stream snipe': "Lies, BLAST never said you could do that, they had to sort of retcon it." "because what happened after that they fucking started snitching and squealing"
- "Suddenly you had like, 10 of the top 15 teams in the world, staring into the abyss of being banned for 6-12 months in line with ESIC recommendations."
- He says that ESIC was put in a tough situation and couldn't enforce the bans because it would have resulted in killing CS. What resulted was, BLAST, ESIC, and teams came together and gave them a warning and told them, in RL's words "don't do this again or you're gonna get got."
- He then says the top teams brushed this off and didn't give a fuck
- The new MiBR team playing Flashpoint, that wasn't involved in the previous incidents are doing it again (stream sniping). He gave credit to Flashpoint for the quick resolution and punishment and respect for cogu's response to the situation.
- "ESIC came out and said, once more, 'Guys, zero tolerance from now on.'" RL then got upset at community's reaction calling ESIC "pussies" for their non enforcement and said if we want competitive CS we cant ban the top 10 teams.
- He points out how players have no integrity and will do anything for an edge as long as they won't get detected or banned or it's within a grey area.
- "All of this shit was mad avoidable, even in the pandemic era."
- He talks about why aren't we filming them. Why aren't there representatives for leagues and tournaments making sure players aren't cheating?
Match Fixing
"How many years have we let our scene be fucking pillaged by these greedy cunts?" "We just let it happen."
- RL says that gambling and skins betting which existed in moderation was "accelerated and blown up by the Call of Duty greedy fucks."
- "Never forget TmarTn was on the board of EnVyUs." "His website, CSGOLotto, they had a bunch of off-the-books sponsorships." "NBK promoted them. People forget."
- "Those people who had access to the skins, go to the players" "Even people like s1mple, best player in the world, even he scammed knives and skins off fucking fans."
- Owners of skin casino sites would approach pros and lend them skins to use in tournaments and possibly keep them after reaching a deal
- Players would tip off inside info about matches and teams in exchange for skins. Info such as: roster changes, how they played in scrims
- They would use this info to bet and subvert the odds on their sites. "That happened religiously, I can't even tell you how many times it happened."
- "I had access to the biggest database of information, from an inside betting circle in NA, and it would take information and screenshots from other pro players, who were feeding them info in exchange for money or skins."
- "Some of these players are still playing." "Incredibly, there are players still in the CSPPA today, complaining about the BLAST recordings, that were embroiled in this murky shit back then."
- RL also says that there were tournaments where teams contrived with each other, who should throw, who should win.
- "There's a handful of people that are trying to fucking clean it up, and you think you get something over the line and you see something like the CSPPA and it's run by corrupt fucking chuckle heads, and now you've got another corrupt body you have to fight on a fucking daily basis, it's demoralizing."
- "It's too far gone. Our entire semi-professional scene is compromised."
- "It's rife guys, I'm not going to lie any more. It's not just China, it's not just Russia, it's here, it's NA, it's Europe, it's Australia, so much more than you think, so much more than we can prove."
- "I get sent chat logs all the time […] and they're morons, these players, short-sighted, amateur, morons and they're doing it on WhatsApp." People would get cut from the bets because they want to make more money, then they leak the logs. He says, from the chat logs, they spread "little" bets across every site they can (400 to 1k dollars) to prevent shifting odds
- He says the scumbags who've fucked off to Valorant will do the same there if Riot doesn't do something and says Valorant "is an esports scene heading for a very early fall based on the sheer volume of scumbags that are already there."
- "That's tier 2 CS in a nutshell these days. They know they're never going to play in a major, so what's the punishment?"
- "All of these tier 2 fucks that are fixing games now they are like the fucking mafia compared to iBuyPower" "These guys are working with organized criminals to fix entire seasons worth of games. That's what's going on in your tier 2 CS."
- "I'm literally being told that there are players fixing games at all levels of Chinese esports and motherfuckers with guns are turning up to team houses and stuff."
North America
"Everyone in NA has left we've lost a continents worth of support during this pandemic and Valve haven't said a fucking word."
- RL says the Call of Duty "goblins" that destroyed CS for years are the same people who are now trying to leave CS. "The nerve to treat a game where the fans, and the community, and the TO's were nothing but good to you." "To just kick the players out now and go and leave and say 'It just doesn't make financial sense.' Oh you'll slither back when we have a major though for them stickers won't you."
- There's a cascading effect in NA where people don't bother with CS anymore and people like Chaos suffer.
- He says NA team owners are incompetent for always wanting it easy and always wanting a guarantee on their investment without skill or nuance.
- RL says he would be able to market a team correctly and would have a good ROI and also points out how TSM wouldn't even be bothered to tweet that their team, which was one of the best in the world, was playing at the Major.
- He also says not all NA owners are like that, compliments and respects Jason Lake who nearly lost everything to keep Complexity going.
- He then calls out the incompetence in Infinite Esports when they acquired OpTic Gaming and bought an Indian CS team.
- He says HECZ is not to blame here and that they couldn't tell forsaken was cheating when it was so obvious.
- They measured his reaction time to the likes of dev1ce and s1mple
- When an enemy showed up on his screen he won that duel something like 44% of the time
- "was like the number 1 player in the world statistically"
- He brought a laptop to their bootcamp and refused to use the high end PCs that hey provided
- He respects Andy Miller (NRG CEO) and HECZ but says that the attitude of not being able to easily monetize their teams is "piss weak" and there needs to be a risk.
- He says Chaos EC shouldn't be cutting their roster and should be competent enough to be able to figure out how to make money off their team.
- He says there are still opportunities in NA and people are panicking and pulling out, and says Valorant will be the same if not worse.
- He also says "bums" who couldn't even get out of groups in NA competitions, are making crazy money in Valorant and says it will continue to inflate.
- He also said that he heard rumors that EG (Evil Geniuses) are done.
- He also thinks that the rumors of a Valve franchised league from before was sparked up from "these lazy fabled weak NA fucking team owners basically trying to see if Valve would bite at the hook if it was dangled and they didn't"
- Slasher says NA team owners are really in favor of franchised leagues because they want to make more money. "Most of the powerful team owners right now are on board with ditching this third party organization structure, or they are trying to play this power politics with all the TOs, and that is contributing to a lot of the problems there"
- RL says that Riot has proved they can run a franchised league (LCS) and will be profitable in 2021 which is what a lot of team owners care about and says the competition will only serve to snatch people away from CS.
- RL continues to say, "I am so sick and tired of what we have done to this scene, I am just exhausted with it." "I think we have legitimately fucked it, I really think we have. I think we're staring into almost like a CGS (Championship Gaming Series) wasteland in NA." "Counter-Strike esports is a fucking joke."
Talent
"TO's have treated CS talent like absolute human garbage for years now."
- RL says that people like Sean Gares and ddk switching over to Valorant isn't for financial reasons because they are making less over there.
- He points out that TO's can't even give talent a 3 month in advance calendar.
- Because of the pandemic TO's won't hire certain people and some people are working more hours for the same money.
- He says we as a community don't respect journalists enough which is why we don't have good journalists.
- He also says DeKay is leaving the scene soon and that Thorin is close to leaving also
- He says he had to talk a caster down from quitting and was struggling to find reasons.
- He says that DreamHack told Vince they would hire him but not if he wants to stick with dusT and says that this is the norm in esports. "Constant leveraging of people against each other." and says this is why we don't have a talent union.
- New gen casters are getting put into shit situations and the community's reaction to them is adding fuel to the fire
- He says the reason Moses left was because of the terrible conditions
- He says that Anders had to constantly leave his family and kid because someone fucked up or broke promises and had to constantly tell his kid to their face that "daddy can't be home this weekend."
- He says that esports has always been a lie to sell you this dream, "Meanwhile there's about 2% of the cunts getting all the checks."
Valve
"Anything that Riot does, is better than Valve's inaction"
- Slasher says that the larger aspect of esports as a whole compared to other entertainment mediums and Valve's lack of inattention are the bigger problems. He continues saying that the fact that Valve let their game be ran as an esport, they need to take on the responsibilities of it.
- Both Slasher and RL wants Valve to take control but not on the level of Riot Games, there needs to be a balance.
- In case it was ever a question: Gabe Newell has been to 0 CSGO Majors.
- RL calls Valve out saying they could have done something during the gambling era.
- He says Valve used to come to the majors, but doesn't think they do anymore.
- RL had met with Valve at the Cluj-Napoca Major and had tried to appeal iBP's indefinite punishment and had also gave Brax's life story:
- A recent family member passed away, they had lost a lot of income, they had to live in trailer, iBuyPower did not pay any salaries, and was pressured by family to make money who didn't support his career.
- RL said that Valve told him, "How dare you try and make us feel guilty." "We shouldn't feel bad about enforcing the only thing that matters that we need to make players afraid of: cheating and match fixing"
- RL also tried to share other info about match fixing and nothing came of it
- RL points out that Source 2 or a new engine is not something you will want based on the experience of transitioning from CS 1.6 to CS:S. "Valve's track record with brand new engines being launched, not fucking great from what I remember."
- Slasher says "If there is anything the community should do, is pressure Valve to hire a community manager."
- They say that we need a commissioner, a community manager (not the person who runs the Twitter who posts memes all day), then we need to have a circuit
- RL reiterates that Valve doesn't care about CS esports and says they need to change the culture at Valve to make them care about CS esports
- Slasher says a systemic problem is making it so working on CSGO would be a bad decision for you as an employee for Valve
- He also hasn't talked to Valve in ages and have sent over bugs and cheats and doesn't get emails back anymore
- Slasher says we should be directing attention at the developer leads, pointing out Ido Magal, if he even is still the project lead
- RL thinks that Ido and Brian are the only people that "vaguely even give a fuck about CS" and were the only people that RL recalled that actually read Reddit and paid attention from time to time
- "It is really fucking precarious. Somebody has got to step the fuck up and start giving a shit"
- Slasher suggests org owners, with CSPPA, with ESIC, with TOs have a concerted effort against Valve
- "Riot Games are doing better things than Valve in the esports space" which is something RL didn't think he'd say.
- "People who used to be talent, working with unions, arguing with other talent, when the unions fucked them over, can't understand their perspective, TOs fucking over broadcast talent, broadcast talent wanting to leave and go and work for orgs, orgs having no money, Valve might take coaches away because all the coaches are cheating, ESIC has about 4 people in a fucking call doing the investigations, everyone thinks they're spies for ESL, ESL are just the evil fucking overlords wanting to rule the scene and will just somehow, like cockroaches outliving a nuclear bomb, and Valve are in a fucking holiday in Hawaii thinking about the next Dota character because they don't give a fuck about us."
Closing Statements
"We've peaked. If we want to sustain and exist, now is the time to figure it out. No esports lasts as long as this, we've already done 8 years. We've already broke the records. We have got to figure out a way to coexist and drive the negative forces out and we need to do it as a collective and we're not doing that."
- RL compared the Counter-Strike scene to the people on the Titanic who ran around with guns robbing people while the boat was sinking.
- "We have given up on being a respectable esports scene." "We are now a conduit to make money for those who want to just milk it, just have one last ride, one last roll of the dice. It's done." "What a fucking mess. What have we done to our fucking scene?"
- "There's just too much self-interest driving all of this." "I don't see a way we stop the dominoes." "When it's that bad, when there's that many dishonest people that ESIC have to come out and say that if we punish them all there's no one left. What does that tell you?"
- "How many opportunities have we had to clean house? How many times have we said, 'this must never happen again', and another scandal." "The entire skins betting operations was the biggest criminal conspiracy in esports ever executed and no one has been punished for it." "The people who could be driving that don't want to."
- "Right now people are fans of those organizations because the scene has value. It is worth being a fan of Astralis because they are excellent at Counter-Strike. It is worth being a fan of s1mple because he is the best player in Counter-Strike, maybe the exception of ZywOo. If the scene is devalued, if the scene loses its meaning, those things lose its meaning too, and people will leave, people will stop tuning into the games. I have seen it happen in multiple esports, this is not my first time at the rodeo. I am getting big Brood War vibes right now and I don't like it."
- "The role you play in all of this as fans, as viewers, as listeners, as consumers of esports content, it's absolutely imperative that you know who the good guys are. It's absolutely imperative that you use your voice. It's absolutely imperative that when things are bad, you know who, at least, is trying to make them good, and you have to apply your criticism to the right targets."
- He continues saying it's no good in continuing to attack ESIC and saying how they are bad, ESIC have it hard
- He says CSPPA are on the right side of the argument on BLAST but have been on the wrong side of many arguments many times.
- "If you are not willing to stand along side the weakest member of the union, with the least amount of influence, and the least amount of power, then it is not a union at all and you shouldn't pose as one." "You wanna serve a bunch of special interest do it, everyone else in esports fucking does, but do not pose as something you are not." "We love the players. I've been fighting for players rights for as long as I've been able to, but the CSPPA is not what we needed."
- "They are not applying the pressure to the right people, they are not fighting the right battles, they are not helping their weaker members."
- He says what orgs have done by keeping or hiring coaches is bad. "When you give up on holding an appreciable standard, you've lost the scene" "Competition matters, rules matter, punishments matter, achievements matter, excellence matters" "If you start stripping that away, you have nothing" "You guys need to take that knowledge and apply it sensibly."
- "Valve has sold you all down the river, they sold everyone in the esports scene down the river, tournament organizers are selling their talent down the river. Don't hate on them for sounding tired after a 16 hour day. Don't hate on them because the hype for a matchup they've seen for the 20th time in the past 3 months, they can't be as excited or it sounds contrived. Support your guys, they're there for you, these are your people."
- "This community has got to start acting like one for the first fucking time. Just put the petty shit away, let's try and fix this fucking scene while we still have one to save."
- "You can't rely on Valve, you can't rely on ESL, you can't rely on the CSPPA, you can't rely on anyone." "Once again, it's gonna be the likes of us, the amateurs, the people who give a fuck, rolling up our sleeves and grafting." "I'm old and tired and I don't want to have to do it again. People need to pick up the torch and do it."
- "Like Michal did, like Dudenhoeffer did. You see something wrong, fix it. You see somebody doing something wrong, call it out. If you think something could be better, let people know."
- "Vote with your wallets if you're not happy with the direction Valve goes in. If when we do get to the Major, they serve up another subpar, same old bullshit stickers and signatures package again, do not buy it."
- "You're a powerful block and if you use it correctly we can fucking avert this disaster."
- "I'm not doing another year in this broken, bust-up fucking scene, where everyone is miserable, everyone is broke, everyone is tired, and everyone is trying to fucking rob everyone else, blind, while the fucking people who are meant to be protecting you, are just fucking enhancing it and lining their own pockets."
- "I'm not doing it anymore and you shouldn't want to do it either."
- "I stand by every fucking thing I said. I mean it, because this game fucking matters to me, this scene fucking matters to me. I put my life into this, my adult life, and to see it in this state is fucking sad."
submitted by Tharnite to GlobalOffensive [link] [comments]
Finding my investment compass again after being sucked into WSB
With all of the GME/AMC craze over at WSB, I got kind of sucked into it. They're a crazy and funny bunch, but after spending some time there, my investment compass started spinning and I started to seriously question my sanity. It's like going to a wild party, coming home and then waking up with a huge headache in the morning, not knowing what the hell happened last night. I needed to remind myself about various investment theses and I am looking to rebalance. I thought I would share these thoughts in case it might help someone else as much as it helped me to put all my thoughts down on.
20% - Canadian REITs. These got hit hard in March 2020 and their share price have not recovered much even though many of the larger REITs have good balance sheets, cash flows and rent collection. They are still massively undervalued, given that everyone is going out and buying houses and over bidding by 100k+, driving up the price of real estate in many major cities. The Canadian government wants to boost immigration, which is bullish for real estate. It's a nice time to jump in and hold for the long term. I don't use ETFs here since I have spent a lot of time analyzing many Canadian REITs. My favourites are HR.UN, IIP.UN, KMP.UN, SRU.UN, SOT.UN.
20% - ARK Innovation ETF (ARKK). Cathie Wood's investment thesis is all about investing in disruptive innovation. Through her team's open research, they actively try to find companies of the future (before they become big) to invest in. I came to the game way too late (around December 2020). I admit I was skeptical about ARK. But after listening to Cathie's interviews and videos, I started to gain a lot of respect for her investment intellect and knowledge in the space. I also feel confident ARK is also watching & assessing the macroeconomics side of things and how it affects the companies in their portfolio's and allocating appropriately, as best as they can, which is worth paying the higher price for this ETF. For now, I would only stick money into ARKK and none of the other more specialized ones. I think ARK could do well in the next few years, but I am uncertain they will keep doing well in the very long term (decades).
30% - US Total Market (e.g. VUN, XUU). Jack Bogle's thesis about being in everything and being diversified in your investments. The US total market ETFs hold over 3000 companies of all sizes and diversified in many sectors and types of businesses. If you look at the charts, the share price of this index has been rising since the US federal reserve started their QE program. They are obviously still doing it after the crash in March 2020, creating a huge amount of new money, and that is part of the reason why the US stock market has been going up fast. The US dollar is the reserve currency. The US economy is large and everyone is linked to it. Basically, it's diverse, "too big to fail", and has the backing of the fed & reserve currency. The fed will keep jumping in to prop it up (e.g. Great Recession, COVID pandemic) since retirees and pension funds can't be compromised too much by this index taking decades to recover. With their embrace of MMT (whether right or wrong), I don't see this dovish stance changing anytime soon. Why wouldn't you want to invest in this rather safe basket of equities?
10% - High risk & semi-gambling. I think it's good to allocate a small portion to more high risk type of investments that don't have much correlation with the main index. These could be precious metals, miners, crytocurrency, YOLO/momentum stocks (shrooms, cannabis, DOC.V, NUMI, AMC, GME, etc.) at no more than 2%, emerging market stocks/etfs.
20% - Cash. You always want to have some dry powder lying around in case of a massive black swan crash, or dips. The distributions from REITs can help replenish this reserve every month. I think it would also help stabilize the portfolio a bit more.
Currently, I have no allocation to bonds. I am also not close to retirement (still have 25 to 30 years) Interest rates are low everywhere so I don't think bonds are worth it for now.
I am also a bit skeptical about investing in the Canadian market because there is a lot of oil & gas and financials. I get that oil isn't going away soon (heck they might even do extremely well once the pandemic is over and people want to travel), but wonder if institutional investors will start to move away from such stocks sooner than we think (market being forward looking). I get that the big Canadian banks are too big to fail, but I think many of them are behind the times (resting on their laurels & not treating customers right since I don't know anyone who actually loves their big bank)... Interest rates are also very low so they're not making much from lending.
submitted by ResBio1 to CanadianInvestor [link] [comments]
Losing touch extended version - now with ideas for changes
Hello all
Some days ago I made a post that got a bit of attention (
scopely_you_are_losing_touch_with_your_playerbase).
But my post did not focus enough on what can be done to help alleviate some of the problems we are seeing in the game right now. So therefor I will try to do a better job of that in this post. It’s not going to be perfect, probably not even close, but I really hope it can spark a discussion that Scopely, Cerebro in particular, can take some points from and try to make this game that we like so much, and make it that much better.
Before we go into the nitty gritty, I would like to say thank you for all the positive feedback I got on the last post. I had feared that it there would be a lot people throwing mud at each other or starting to bash Scopely. But most of you kept it sober and constructive, so I hope we can keep that tone.
With that said, this post can be a bit more dividing of the community, cause we all have one thing that we think is the most important thing to fix. And some of the solutions I am going to propose might not hit the spot for you or at all, but I hope it sparks a discussion.
This is going to be a long post, and I know that it will not go down as well as the first one, for one it is simply too long, but also because it gets too focused on what changes I would like to see. Cause we can all agree on that we want changes, but when we then have to discuss what those changes are, then we get more divided. I really want to point out that I don't expect everybody to agree on what I have written. And also that my native language isn't English, but I hope that my points still gets across.
But lets get into it...
Red Stars
We are going to start out with what I personally find to be the biggest issue in the game right now. I know that RTA is a more hot topic right now, but I find red stars to be the biggest issue.
Right now red stars are a double edged sword. Cause when you get the 5+ red drop on the new character you of course get happy. But with the droprates in mind, most of the time red stars leave you with a sour taste.
Getting 3 red stars or lower on a new good character is so deflating that even id you got good pulls on your last 2 characters, that goodwill is out the window straight away.
So what can we do to make red stars a bit better? I think the solution is in the silvegold promotion credits. If silver credits was added to red stars so that when you get a duplicate character, then you also get some promotion credits.
Here is how one solution could be, the numbers might have to change a bit, but this is just the general idea.
1-2 star dupe: 1 silver promotion credit
3-4 star dupe: 2 silver promotion credit
5 star dupe: 3 silver promotion credit
6 star dupe: 1 gold promotion credit
7 star dupe: 2 gold promotion credit
These are just numbers to showcase the idea. If we look at my pulls for Bishop then this is what it would have netted me (all my pulls where dupes apart from the 3 star Bishop):
20 1-2 star pulls = 20 silver credits
19 3-4 star pulls = 38 silver credits
6 5 star = 18 silver credits
Total = 76 silver credits.
Now that is not a lot, and I don’t think that would break the promotion system. But I do think that it would help with the bad feeling about red stars.
With this system red star orbs are still the driving factor, and if you get lucky then you still get happy, but now when you get unlucky, then at least you progressed a bit still by having more promotions credit.
I would also like to get rid of the promotion store. We have enough randomness in the game. If we could promote characters straight from the character screen, then the system would feel a lot better.
I get that the store is probably there to make people burn some cores when they are chasing that on character they want to bring up.
Also, let us update them way faster. Right now over a month passes on most new characters before they are even added to the store.
I think the worries from Scopely is that we would start hoarding, and then only spend on the “best” new characters. But I really don’t see that as a problem in the long run. Cause with the added focus on wider rosters you will still have to bring up more characters instead of focusing on a few.
RTA and the Battlepass
So this is the hottest topic right now, at least with the people that I talk to.
If we look to other games battlepasses are generally a positive thing, but in almost all of them they are also something that you can get done by playing the game as usual. I play PUBG and while the battlepass here is something that divides the community a bit, it is one that I like. Some days I just have to get some kills and I progress. Other days I have to get kills with a crossbow (I’m not good enough to get that done), but its all something I can do by playing the game as usual, I just have to pick up some other weapons than the “meta”.
Battlepasses are created for two things:
· Have people log in every day.
But in MSF people already have to do that, so the battlepass doesn’t do anything at all for that.
· Have people spend extra money, especially in FTP games.
If spenders got the possibility to buy all the prizes we get from the battlepass for 20$ without having to grind it out, then I am 100% sure that way more people would buy it. But with the current way its tied to the RTA I actually think you are just losing money.
The current form of battlepass that is implemented is really just an offer with extra steps.
In MSF you have tied the battlepass to a single gamemode, and that takes all the possible fun out of that game mode. No people I have talked to likes RTA, not 1 person has something positive to say about it actually. But when you ask around, then a lot of people really started to like the balanced draft.
So what can we do to make this a bit better?
Solution 1: make us able to complete the objectives in other gamemodes. And if you really want us to grind the RTA also, then make it count double so that there is an incentive to play it if you want to get it over with as fast a possible.
And that is where I think the biggest problem with RTA is right now. Its not fun, it is only a grind. The way I play it is to open RTA and press auto when I’m at work. I don’t even look at it, I just wait for the winneloser screen to pop up, and then go in and do it again. I get annoyed when people are slow, or if they don’t load in.
As I see it there are 0 positive things about RTA right now. And the biggest problem I have is that no one I asked could actually find a way to make RTA fun with the current setup.
Leagues and events could be a saving grace. But since we don’t even know what Scopley have in mind about these we can’t event try to make that better. I’m afraid that events is just like the battlepass, but I think that leagues could take RTA in the right direction. Cause if you make RTA about winning and trying your best, then its suddenly competitive instead of just a mindless grind.
And I think it goes without saying, but I’m going to do it anyways, please revert the changes you made in 5.1 about quitters.
Doom raid
After my original post I was told that the Doom raid wouldn’t actually be for a limited time. And that changes my view a lot. Cause I do like that there are new and hard/almost impossible challenges. I was only worried if it was a limited that most people wouldn’t ever be able to get in there before it was taken down. But if its there to stay, then I don’t mind the current difficulty, even though I won’t step in there for at least another 6 months at best.
But the point about the prizes still stand. They are simply not enough. Not even close actually. And right now only the top alliances are even able to get them, so you have created a “the rich getting richer” scenario, cause the prizes in there are what makes you able to compete in there.
Availability of new characters
I personally don’t mind the cadence of new releases of characters, new characters are what drives the game forward. But you have to make them available faster. The last couple of releases we have seen them added to orbs pretty fast (Longshot or Shatterstar was even added as their event was going on), and that is a small step in the right direction. But lets take a look at the most grievous current unfarmable character, Beast, he has been in the game for over 7 months (possible longer, I couldn’t find the exact date he was released.) without being farmable. That is simply not good enough.
I know that he didn’t sell that well, and that Scopely has probably tried to wait with making him farmable to see if they could make more money of him, especially now that he actually seems to have a good place on the Axmen, I get it. I personally unlocked Beast at 3 stars, and I have not used him in anything than a throwaway blitz team. Is that fun? Is that something that makes me want to invest further into him? I think you know the answer.
A possible solution to this problem is to add them to some of the stores faster. I understand why you are hesitant to add anything newish to the blitz, raid or arena store. Cause people now have so many credits stockpiled that any further income on them once they are added are out the window. But I think you can add them at a much higher price point in the stores. That does two things:
You now give people something to use their credits on that they actually want, and at a higher price you are getting people to deplete their resources faster and taking both the blitz and arena store economy to a place where we once again have to make decisions on what to invest into. But at least you are giving us something to invest into. As of right now I have 150k blitz credits, so when you added Electro at 500, that wont even make a dent into that economy. But if you added new characters faster at a premium price, lets say 5-10,000 credits. Then you are giving us something to invest in, and you are bringing the economy to a better place. They of course shouldn’t stay at the premium price forever, at given intervals they should have their prices reduced until they hit the 500 credits that normal characters in the store has.
I personally don’t mind that a few select characters are orbs only for a while. I get why they are that. But I also understand the frustration that a lot of players feel about orb only characters. I only mention this so that a discussion can spark from it.
If we look at the prices on buying new characters I think we can all agree that they are too high. But I get why they are high and I don’t think that will change. I personally don’t find it to be that big of a problem, but I understand why a lot of people do. I also think the problem would be alleviated a bit, if we could start farming them in one way or the other sooner. Then players who really want the newest characters can pay and be ahead of the meta, and the people who can’t/won’t pay can still try to catch up without having to wait half a year, where the ones they can now farm are probably power crept anyway.
New player problems
This is only something that I have heard a bit about, and only mention it so that others can chime in.
But right now there is a huge scarcity of blue ability mats. And there is no real good way of farming or even buying them.
I think the problem stems from the powerlevel of characters, so now newer players don’t have to spend time on the lower raids that actually give these mats like we did when we started out. It doesn’t take a long time for a new player to be able to get into an alliance that does at least U6 or even U7, where these mats aren’t something they get.
A simple solution that I could see working out is to simply remove green and blue ability mats from the game. I doubt that Scopley are making any money on these mats, and for people that have played a long time these mats are a non issue and never will be cause we have pretty much infinite of them.
As I said, I don’t know too much about this problem as I only just heard about it on a stream not so long ago. But I wanted to add it to the list anyways. And there are probably more new player problems that I don’t even know of. So please add that to the discussion below, but also please try to be constructive about it, not just “We want more”.
Skillitary/new teams videos
We like that we can see new teams in action, but when you showcase them you have to be upfront about them. Skillitary has left a sour taste in the mouth of most people who bought into them.
Yes, they can win against Marauders if brought up to the same level, but its still a gamble and more luckbased than playing with actual skill (on pun(isher) intended). But if you miss that first disrupt on Stryfe, then the whole team just crumbles. So if you showcase a new team as the new team to take out the “big bad”, then they have to at least be able to punch up a bit on them. I’m not saying that they should just win 100% of the time, but with Skillitary they even struggle on punch downs.
If Shadowlands turn out to be as big of a letdown as Skillitary I think that will make you lose a lot of goodwill and at this point in the game, that will be very hard to gain back.
War
I am generally pretty fine with war and how it plays out. There are two pain points that keeps popping up tho. The most obvious one is the matchmaking sometimes makes you go up against unwinnable opponents. And that does make it feel very bad. But I also understand why you can’t always have it close to your own TCP. Cause who would the top alliances ever face if it was only trying to match on TCP?
If it was changed to only factor in TCP, then we would suddenly have alliances in the top leagues, who where a 10th of the biggest alliances, but they would never have to face them because of the TCP difference. So the current matchmaking system is probably the lesser of the two evils. And yes, I know that it is very demoralizing to get 50m+ punch-ups week after week. But I think that stems from a problem that is unfixable, and that is the huge TCP difference between alliances. If we take a look at Legion_of_Cabal they currently have a combined TCP of 400 million. If we look at the 100th most powerful alliance they right now have a combined TCP of 251 million. That is such a huge difference that war matchmaking will just not ever be perfect.
The second pain point of war is time spent. And in that also when you have to spend that time. Luckily my own alliance aren’t too focused on war, we are only G4. Most of the time we face alliances that wont clear us and we wont clear them. But higher up in the leagues, clearing as fast as possible is the only way to win. And that means getting on every time new energy is available, also if that means disrupting your sleep schedule to do that. I personally would never do that at where I am in life, but I understand why. I was fighting for world first in WoW back in the day, so I get why people do it. The problem is that they have to do it 3 times a week. Instead of just, in the case of WoW, when new content comes out. Its just not healthy.
I don’t have any experience in high level war in MSF, so I hope that some of you that do can weigh in on this with ideas how to make it better.
Resource bottlenecks
This is a sore point for everybody in the game. I think we all understand why bottlenecks are a thing, and we all probably understand that it is also a necessary thing in a game to have something to grind for. But in the current state of the game, there are simply way too many bottlenecks.
My proposed solution would be as follows:
Get rid of green and blue ability mats. They serve no purpose anymore other than hindering new players from catching up. Then when the next level of ability levels are introduced, then you can add new currency for that and have us start out on the same level. Spenders will then be able to get a head start as always, and that is fine. Also take away the gold cost for leveling up abilities, or at least lower them.
Get rid of training mats all together. Or change it so that they are the only currency needed to level up characters. It simply can’t be both gold and training mats unless they are giving them out a bit more freely. And I know it’s a balancing act, cause you don’t want people to have too many resources, and if we had infinite resources, that would also be bad for the game, as there is nothing fun in having everything given to you.
If the above are implemented, then I don’t even think you have to make any changes to the gold we gain now.
We of course don’t know how much money you make out of creating these scarcities, and I get it if the metrics show that you can’t just make them go away. But then at least acknowledge the problem that players are feeling about the bottlenecks. You don’t have to fix it in one big swoop.
Gear is another bottleneck, but one that I personally find better balanced. Sure, right now getting G15 isn’t easy, but I also don’t think it should be easy. A change that I would love to see however is a better way to be able to focus on the gear that we need. Right now its all random, even the offers you made us are random. But again, I get if your metrics show something else and that you are doing this to make the most profit. But sometimes the most profit is not the way to go, if the cost is that you lose players by doing it.
Help us help you
In my first post I stayed away from mentioning bugs on purpose. Bugs will happen, and if you address them as fast as possible then that is probably ok.
But you have a limitless amount of people who would gladly help you test upcoming patches for free. Right now you even have an envoy program that you clearly aren’t using to its full potential. Have them help you out with testing new features.
Just look at ISO8, when you first announced it people where up in arms about it. But you decided to have the envoys weigh in, and it has been the best and most polished feature you have ever brought out.
Finishing remarks
Right now the game is in a rut, I don’t think that is up for discussion. It is natural for a 3 year old game, mobile at that, to lose players over time. But I still believe that you, Scopley, have the bones of a game that could live on for a long time. But you need to treat it a bit more as a game than as moneymaker. It can be both, and it can be successful at both.
Make it fun again, that’s what games are about, entertainment. There has to be things that are hard or almost impossible to get, but it just can’t be every aspect of the game.
You said you wanted to look at reducing the low quality screen time, and then added RTA. I hope you can see how that makes us have trust issues.
I know this post isn’t perfect in any way, and I am very well aware that it might not change a thing. But I do hope that will, I really really do.
If you made it all the way to the end, then thank you for reading it all, or at least skimming the points that you feel are the most important.
And please, again, lets have a civil discussion about the issues we as players feel. And remember that even if we feel something is wrong, it might not actually be wrong for the game.
submitted by Moofieboo1 to MarvelStrikeForce [link] [comments]
My Options Overview / Guide (V2)
Greeting Theta Gang boys and girls,
I hope you're well and not bankrupt after last week. I'm just now recovering mentally myself. I saw a few WSB converts and some newbies asking for tips, so here you go. V2 of my Options guide. I hope it helps.
I spent a huge amount of time learning about options and tried to distill my knowledge down into a helpful guide. This should especially be useful for newbies and growing options traders.
While I feel I’m a successful trader, I'm not a guru and my advice is not meant to be gospel, but this will hopefully be a good starting point, teach you a lot, and make you a better trader. I plan to keep typing up more info from my notebook, expanding this guide, and posting it every couple months.
Any feedback or additions are appreciated
Per requests, I added details of good and bad trades I made. Some painful lessons learned are now included. I also tried to organize this better as it got longer. Here's what I tell options beginners: I would strongly recommend buying a beginner's options book and read it cover to cover. That helped me a lot.
I like this beginner book:
https://www.amazon.com/dp/B00GWSXX8U/ref=cm_sw_r_cp_apa_OxNDFb2GK9YW7 Helpful websites: Don't trade until you understand: - You can lose your entire contract value when buying.
- You can lose a lot of money when selling "naked", theoretically unlimited.
- How option expiration works.
- Theta (decay) and how it works. This is imperative since it's attrition when buying and a payout when selling. https://www.optionseducation.org/advancedconcepts/theta
- DTE: Days till expiration/expiry
- Options positions with respect to price:
- ITM: In the money; strike is below stock value. Signif
- ATM: At the money; strike is just at or above the stock value, often very highly traded. Can be very effective with moderate - long term expiry.
- NTM: Near the money; strike is above the stock value, but fairly close. Slightly unofficial term.
- OTM: Out of the money; price is at least a few strikes from the current stock price. I would say 10-30% over stock price.
- Very OTM: Not a real definition, this is essentially a lottery ticket. Cheap, but almost certain to expire worthless unless there is explosive movement.
- Understand delta in general and how delta changes with ITM and OTM options.
- Understand all the greeks at a high level, as you get better understand them well. The greeks: https://www.optionsplaybook.com/options-introduction/option-greeks/
- IV, IV crush, and how IV affects pricing. In general, you want to sell when IV is high and buy when the IV is low. Increasing IV is good for held calls/puts. IV drop or crush is generally good for sellers.
- Selling options can be quite beneficial. Once you have a good general understanding, lookup thetagang . Kamikaze Cash has good youtube videos on most theta strategies (linked above). I personally believe selling options (especially cash secured) is much safer and can consistently make you profits. Θ Gang 4 life.
- FOMO and how to avoid chasing a dangerous trend. DO NOT CHASE FROM FOMO!
- What intrinsic and extrinsic value are. Know how they are affected by being exercised/assigned and how theta affects them.
- Understand that some of WSB recommendations are straight up high-risk gambling and factor in the information accordingly. Be careful with Meme stocks and the survivorship bias on YOLO plays. However, I love the sub and think it’s hilarious. It has a lot of valuable information / DD if you are comfortable with the “colorful” language. It’s also great if you like rocket ship emojis.
Basics / Mechanics - Understand the 4 "main" option types. Buying or selling a call and buying or selling a put. Spreads and more complex multi-legged option strategies are based off these in some way (see below)
- You can sell calls with 100 shares of stock or if you own an underlying longer term option; see LEAPS and PMCCs later. Selling calls naked is incredibly risky and often requires Level 4 (very advanced) permissions and usually a lot of capital. I will literally never sell calls naked since I don't want to ruin my life and end up living in a dumpster eating saltine crackers.
- Puts can be sold/written cash covered (cash secured), which means you have the cash in your account to buy 100 shares. Your broker will put this money on hold until the trade is closed. Puts can be sold "naked" using Margin and Level 3 (with most brokers). Your broker will hold a percentage of cost of 100 shares (often 30-40%, 100% on meme stocks) allowing you to sell more puts. This increases your available capital/power as well as increasing risk.
General Tips and Ideas: - Don't EVER leave (short) spreads open on expiration day, close them. (more details below)
- Start off trading very small. Slowly build up over weeks / months. You need to get accustomed to a fifty dollar swing a day, then a few hundred, then a few thousand. You need to ensure you don't get emotional (see below). I started trading options with 5k, then 25k, 50k, and later over 100k. I added my own funds over time and used my gains to build my account. Don’t go all in immediately, that’s dangerous and unwise.
- Especially as you build up the amount of money you have invested, keep it diversified among several stocks.
- Don't go all in on one thing, ever. Be able to take a hit from one stock and not mortally wound your portfolio.
- A company may be doing great, then there's a major product issue out of nowhere. If you are overexposed in one stock this can really hurt you.
- I had to roll options I sold that were about to expire completely worthless because FDX's CEO changed and the stock took a hard dip.
- Don't trade emotionally. If you realize you are emotionally trading for vengeance, you should probably exit the trade and cool off for several days with that stock. Same if you get caught up in a wave of hysteria.
- Have a plan for every trade, ideally with entries / exits that are specific values, ranges, or a set condition. This helps remove emotions. This is super important for strong movements and high volatility (see later).
- Use an options profit calculator from your broker or an online one before entering a "new" trade, especially a complex multi legged trade: https://www.optionsprofitcalculator.com/
- “Rolling” an option: Closing your existing option and opening a similar one at different strike and/or expiration.
- Rolling a call “Up” would be selling a call you own and buying a cheaper call at a higher strike.
- Rolling a put “Down and out” closes your original one and buying or selling one at a lower strike at a longer expiry.
- Better broker interfaces have a literal “Roll” button. I know E-trade does. You can manually do it by selecting relevant contract legs.
- If you have a losing trade, re-evaluate it. If your initial assumption is definitely incorrect, close it. Don't stay in losing trades forever and lose the entire value of the option over stubbornness. If you re-evaluate and you think your assumption was right, hold, potentially consider adding another cheaper option (or buy another call / put). Rolling out sold options can help here.
- Don't try to day trade, especially with options. It's statistically unlikely to be profitable. Day-trading with options introduces extra liquidity risks and is dangerous, especially with spreads.
- Try not to over-trade, you'll likely mis-time the market over time. When I get emotional I over trade, then lose additional money on wash sales. If you scale your entries into positions it should help alleviate your desire to exit positions when they turn badly against you. Whenever I buy calls I do it at larger increments after W almost made me loss my hair; luckily it eventually came back.
- NEVER enter a position on a stock you have no idea about, especially when you read about it online or heard about it from some rando.
- At market open options contracts are often volatile and inflated. Buying during this time can be more expensive. Options are usually cheaper mid-day, I read somewhere 2-3PM is cheapest. I’ve had success around 12-1PM EST after prices settle.
- Try wheeling on cheaper stocks once you get all fundamentals down.
- When selling puts if you are very bullish consider "doubling down"; note this is higher risk. Use the credit from your put sale to buy shares or a cheap call. This can be roughly inversed with puts, except I wouldn't ever recommend shorting shares.
- Learn from your mistakes. You can’t go back in time and beating yourself up (to a point) is useless. Make a physical &/or mental note of it so you don’t do it again. If you don’t learn from it, then beat yourself up so you won’t do it again.
- If you have friends that like to trade, I find it helpful to discuss strategies and planned plays. I talk openly with my close friends about my current holdings and planned trades, it helps keep me accountable. If I get a wide-eyed look, I might be doing something excessively risky or stupid. I’ve over-leveraged myself in calls twice and I knew I shouldn’t have done it both times. When I tell my friends what I did and I’m embarrassed, it exemplifies the face that I shouldn’t have done it in the first place. You will also get ideas for new strategies or plays from them. It’s good to stay versatile and use multiple strategies when appropriate. Beware of group think/echo chambers.
- I recommend NEVER telling someone what to buy/sell and when. I’ll tell people MY plays or what I like and why, but I will not encourage them to emulate what I do. Depending on the audience, I’ll tell them my exact positions along with my exit and entrance strategy. With closer friends I’ll offer my thoughts on their trades (if asked). If my friend is doing something really risky (one of my friends does some scary stuff) I may ask them if they want my advice, and provide it, especially if they overlooked a risk/event. I will not encourage someone to execute/enter a trade since it has a high potential for hurt feelings or animosity all around.
- Don’t fall in love with a stock. Just because something made you money before and you have high confidence in it doesn’t mean it will keep performing. I joke that FDX betrayed me when it started dipping and losing me money. I was over-confident of its bounce-back and sold too many puts too quickly. I’m in several losing trades because of it. However, I will keep good stocks in my rostetracking list or try different strategies or re-enter trades when they change their behavior.
- As you start to both buy and sell options and get more experience in general, you'll start seeing the two sides to every trade. You will likely start adjusting your strategies or trying new trades out because of this. Things will likely click one day. Most/all the greeks and options concepts will become almost second nature. For me this was when I could build an Iron Condor from scratch, which was a watershed moment involving a good understanding of many strategies.
- Understand Liquidity and volume.
- Trading in low volume, low open interest contracts results in wide bid/ask spreads and difficulty having your contracts filled. Look at all the data for a contract, not just the strike and price.
- Monthly Expiration dates typically have better liquidity.
- Multi-legged trades (Common examples are 2-legged vertical spreads or 4-legged iron condors) have more difficulty being filled, especially on bad brokers like Robin Hood. Having very liquid options for all legs is extremely helpful in obtaining timely and well-priced fills, which maximize your potential profits.
- Time in market vs timing the market:
- It is extremely difficult to time the market perfectly. If you wait for the perfect opportunity forever, history has proven you will miss out on gains. Keeping all your money out of the market has proven to be ineffective. Now if there is something serious happening with a stock/the market (like say a new pandemic), don’t go all in. I recommend entering incrementally at dips. If the stock has huge upside potential it may never go down, so it might make sense to partially enter at the current price.
- IMIO selling puts is a great strategy to get into a stock you like, or at least make money off it. I think buying stock in lots of 100 is usually for suckers. Selling an ATM or ITM put (assuming the math works out) on a stock you were going to buy and hold is ALMOST free money.
- I recommend keeping some cash available regardless. If you have a very large account or expect a downturn, hedging with indexes like QQQ, SPY, or VIX or calls/puts may be wise.
- Every trade can't be a winner. You will take some losses, you must get used to it. I don’t like having a realized loss of 1K or more on any trade. However, this will happen, especially with larger accounts.
- As long as you win more often and beat the S&P that year I consider it okay. I’m kind of aggressive, so I consider 20%+ annually good. 30%+ annually is great. 40%+ and I’m dancing. After trading options I am almost baffled by my old belief that 5% annual returns (mostly from dividend ETFs) was “good”. That’s nothing to me now since I’m willing to take risks. Note: While lots of people danced in 2020, realize that’s an insane Bull Run year and is atypical.
- Adhere to your own risk tolerance and never over-extend yourself, especially with margin use. Don’t make huge gambles leaving you uncomfortable. Only gamble with money you are willing to lose.
- My personal strategy is to make safer gains for the year and then enter slightly riskier strategies using those gains. I can be slightly-moderately more aggressive and compound my gains. For me I often sell puts to make money, then when I see a big opportunity I’ll sell a put and buy an OTM or moderately ITM call.
- Understand it’s not safe to try and get rich overnight. However, once you hit big “steps” things may start to snowball. You can enter more positions and take more risks if you choose to.
- For me this when I hit 50k, then 100k. I was able to balance low and moderate risk positions to more significantly grow my account. I’ll even do a high risk thing now and again because my gains can absorb it (assuming I have them).
- I can’t wait to get to 250K, then 500K. I know it’ll take quite a long time, but I am confident I’ll eventually be able to have 500K and (hopefully) 1M in my non-401k trading account with gains and additions from my job. I can only imagine how “dangerous” I will be with that kind of capital.
- If you missed "the next big thing" like AAPL, TSLA, or the time machine I’m building in my basement. Don't get upset, learn from it. Adapt and become a better trader for next time.
- Figure out why a company was so promising, before they mooned. Determine how you would have traded differently in hindsight. Apply those lessons to the next company you believe has long term growth prospects.
- For me that's putting in 1-2.5k towards shares and/or buying LEAPS on it. Depending on my bullishness I may buy “cheap”, fairly far OTM calls. The far OTM options are sort of lottery tickets. If I'm right the (relatively) low cost will have explosive profits; if I'm wrong, they didn't cost that much so it's a calculated loss I’m willing to accept. For more serious bets I’ll buy ITM LEAPS to run PMCCs on. I also like to buy 1-2K in my 401k for very long-term plays.
- The stock market hates uncertainty, it seems to crave the status quo. A shakeup can potential tank a stock, even if it's nothing. With shares you can wait it out, but this can be problematic for options. If you see volatile/uncertain times ahead (politics, disease, manufacturing, earnings, etc.), you might want to reduce your overall portfolio risks or hedge.
Profit Retention / Loss Mitigation - If selling options, it is a viable strategy to close early after a large gain with many DTE left until expiry. See TT videos / strategies on this.
- Don't hold options through earnings unless you literally want to gamble. I like playing on earnings run ups, but that can be risky.
- If you hold options through earnings, IV crush will happen immediately afterwards, devaluing the option. However, if the option is profitable enough, IV crush won’t matter, which will still make money for a call buyer. A sold put sufficiently far OTM will benefit from IV crush, even if the stock dips after slightly bad or lukewarm earnings.
- Don't throw good money after bad. Don't gamble on a recovery if your assumption appears to be wrong or the market is flat out tanking. If you are wrong and still believe in the company, wait twice as long as your original plan (wait for your 2nd entry point vs 1st) before adding to your position.
- Consider using stop losses to lock-in profits on rides up or sometimes use them to prevent losses. Note, stops can be easily triggered in volatile options. Now when I'm up a lot on calls (especially around earnings or large momentum run-ups) I always set stop losses. I have been burned too many times. In December 2020 I didn't set a SL on several thousand dollars of FDX calls I was already up on and I "lost" ~$5K of unrealized gains. If you're up big, don't get too greedy.
- A possible strategy if a stock is on a tear and you have multiple options open: Close some positions (I prefer to do this incrementally if the stock has momentum), but leave 1+ open in case the stock goes into outer space/the floor. Next, set a stop loss with a little buffer below its current movement / range so it doesn't get hit unless the stock falls hard. Finally, watch the stock closely and if it keeps rising, keep moving the stop loss up in little bits incrementally. This will let you keep more profits on a hot streak, but give some protection and secure more gains. It will also help eliminate FOMO if a stock exceeds your expectations.
- Have rules when to roll out, down & out, or up & out. I like TT’s roll at break even or at 1x loss and to always roll for a credit (or for me a very minor cost). Obviously these rules need some monitoring. Know your stocks, the news, and technicals so you don’t jump the gun.
- If you roll early for a credit and you’re right, it’s not the end of the world. You’ll just need to hold longer, which will obviously tie up capital. Sometimes it’s better to tie up some money (especially if you aren’t paying interest) than eating a huge loss.
- Rolling too late can be worse though. I currently have a very underwater FDX put I sold that is over 2x loss, rolling it does almost nothing unless you want to pay a debit or extend it extremely far out.
- On huge options gains, I strongly you recommend taking profits by rolling up/down or incrementally sell your contracts at several different prices (this is why having multiple contracts is nice).
- Rolling up involves selling your initial call, then using a fraction of your proceeds to buy a cheaper, further OTM call with the same expiry; puts are inverse this. When rolling up I like to ensure the new option’s cost is 15-40% of my realized gains. I’ll buy a more or less expensive new optoin based on my convication to the stock and predicted movements. You can also roll up and out to get a further expiry and strike.
- This is monumentally important if you are playing with incredibly high rising stocks or during a short squeeze.
- Sad story time: I completely screwed up when I forgot to roll up, twice, during the GME gamma/short squeeze. I didn’t take my own advice; I didn’t have a real exit or transition plan and I got emotional. It all happened so fast and I was at work; the insanity of the run up and subsequent gamma squeeze caught me off guard. I should’ve clocked out and thought through the situation for 15-30 minutes to form an impromptu plan, then executed trade(s). My moderate risk tolerance coupled with my desire to take profits took over. When the stock partially cratered after a run up, I sold to retain gains. In the heat of the moment I thought the squeeze was squoze and it was going to plummet into the ground and I wasn’t being rational.
- On 1x 4K call I would’ve made an additional 15-25K if I rolled up to a cheaper contract with some of my profits.
- I know I missed out on significantly more with a 2nd call I had. Depending when I rolled it, it would likely have been an additional 25-50k in profits.
- I talked about learning from your mistakes above. This mistake is branded into my brain due to the massive gains I missed out on by not rolling up. I’m furious with myself as I write this 1 week after the GME gamma squeeze, I’m a planner and I didn’t plan. If anything I own is significantly up ever again, I’m rolling up (or at least setting a stop loss). If necessary, I’ll roll up a trade multiple times to keep extracting profits.
- Learn from my mistake so you don’t miss out on gains too. I strongly recommend rolling up when you are up big on a call / roll down when you are up big on a put. This enables you to take profits, stay in the game, and keep extracting more gains.
- If you trade a lot of options, talk to your broker about a discount. I was getting the standard $.50/contract with E-Trade, but I traded over 300 contracts a quarter and was able to get the fee reduced by over $.10 by just asking. I am now doing more spreads and condors, so once my volume gets very high, I’ll ask again.
- If you have a broker that isn’t great and you want to switch, leverage your current trading fees to the new broker. Tell them you’ll move over $### thousand if they beat your current options trading fee per contract.
Trade Planning & Position Management Tips - As you gain experience, start monitoring what kind of Delta, OTM, DTE, etc. you are most profitable with. Use it in your future trades. You'll often see the tasty trade 30-45DTE .3 Delta strategy for selling.
- Before entering a trade, look at rough technicals like resistances and supports to consider your relevant strikes as well as entry/exit points. Look at upcoming earnings & dividend dates as well as stock/market news.
- Consider staggering strikes and expirations for safety and diversity; it’s nice to avoid assignment on 3 puts at once because you used the same strike for all 3.
- Incrementally enter positions on large rises/falls. One of my favor strategies is to buy dips after over reactions. By doing this slowly in large price "steps" it helps combat FOMO and helps you avoid getting slaughtered.
- This will also help you avoid "chasing a falling knife". It also ties into having a plan.
- I set alerts at several predetermined prices and I REALLY try not to enter new trades unless I hit my preset points. It makes me less emotional and usually more effective.
- Don't buy far expiration options with poor liquidity for shorter term plays. I bought 1x GME 1-year+ LEAPS call before the 2021 short squeeze. That was stupid, I should've bought 2-3x 60-120 day calls to have better liquidity. I also paper-handed it and missed out on my lambo.
- If selling options, consider rolling (for a credit) to avoid assignment when it makes sense / meets your plan. Rolling closer to expiration can be a valid strategy to get theta on your side. On the flip side, if the stock moons or plummets it could've been better to roll before it got crazy deep ITM. See rolling “rules” above.
- Covered Calls:
- If a stock has a large movement range, I think it can be worthwhile to wait to open a CC after the last one is closed/expires. I have been more successful waiting for another opportunity vs. opening one immediately on the Monday after the second the last one expires.
- Consider selling covered calls at all time highs/peaks. If you sell a CC and the stock dips significantly, and you think it’s temporary, you can buy to close your CC for a quick profit, then reopen it later.
- If you own Meme stocks, selling covered calls runs the risk of missing out on large gains. On these stocks I typically only sell them further OTM than I normally would or not at all. If I do sell CC on a Meme stock I try to ensure I have 25-100 other shares that won’t be called away.
-Advanced Beginner- Spreads - Spreads (with 2 legs) are neat because they manipulate how delta and theta act. It caps your gains and losses, but you can profit with less stock movement. Try several spreads on a P/L calculator to see for yourself.
- Spreads usually require margin trading.
- Spreads allow you to define max losses (assuming you close before expiration day) and use less capital.
- Experienced traders will open many spreads at identical/similar strikes to heavily profit off movement. Spreads can make you/lose you a lot of money if you are right.
- For example. I could make a $200 premium off a $500 risk trade, max loss would be $300. This is much more effective capital utilization than a naked or cash secured put, however it does not have the same downside protection or “wheel” potential as a sold put. Higher risk, higher reward.
- Vertical Debit spreads: I think of these like mini calls/puts. I personally don’t use them unless calls are outrageously expensive or the break even is absurdly high, but there’s nothing wrong with them. A call debit spread will lower your breakeven and overall cost vs just a call. You can do clever things like making a positive theta call spread if you’re creative. I like doing this since I hate losing money to theta.
- Vertical Credit spreads:
- Very good theta strategy to define downside/upside risks.
- A put credit spread is bullish and allows you to bet on upward movement with less capital and defined losses.
- A call credit spread is a bearish strategy that allows you to bet on downward movement. These are very cool since they allow you to sell calls without selling naked calls, which can ruin you financially. I see selling these as better than buying puts since it’s so much easier to be profitable; to be redundant, Θ rocks.
- https://www.schwab.com/resource-centeinsights/content/reducing-risk-with-credit-spread-options-strategy-0
- I repeat this on purpose: Don't EVER leave short spreads open on expiration day, close them. If you don't close, they better be VERY far from the strike on a non-volatile stock. In after hours a stock can jump/dip below your strike and be exercised without the other leg to protect you. This can lead to massive, life ruining losses. This is not an exaggeration, google this and be scared. It happened to a fair number of people with TSLA. Video explanation: https://www.youtube.com/watch?v=rtVFj9nRRDo&t=315s
- Short Straddle:
Trading Mechanics, Taxes, Market Manipulation - Learn about wash sale rules. They suck and are very easy to activate with options. This will eliminate your ability to write off losses. Over trading can easily cause wash sales. https://www.investopedia.com/terms/w/washsalerule.asp
- Short attacks:
- Learn to recognize these sketchy attacks by hedges/firms. They manipulate the market, it’s been documented countless times. A common one is rapid short selling, which pushes the price down.
- Short Ladder attacks:
- If you plan well enough and the market doesn’t give up on the stock you may be able to use it as a great opportunity to buy the dip.
- Cramer explains how he intentionally manipulated the market when he ran a hedge fund years ago. Multiple links to the video are below since this video gets pulled often, Cramer / The street never wanted this to go public.
- Plan for taxes if you are up big. You may need to over withhold or contribute to taxes quarterly depending on your situation. https://www.irs.gov/taxtopics/tc306
-Intermediate / Advanced Strategies (work in progress)- You’ll notice many of these strategies inverse one another. Options Strategy Finder This website is great for learning about new strategies, you’ll see many links to it below.
https://www.theoptionsguide.com/option-trading-strategies.aspx Short Strangle / Straddle - Both of these strategies profit from little price movement. I recommend using a P/L calculator to determine BE, profit, etc.
- A straddle sells (or buys) two options at the same expiry and strike.
- A strangle sells (or buys) two options at same expiry with different strikes.
- Both these strategies involved selling a Call and a Put for a credit. Straddle uses ATM legs, strangle uses OTM legs.
- Limited max profits and unlimited risk. Due to the unlimited risk, I am not a fan. However, many people like these a lot.
- https://www.theoptionsguide.com/short-strangle.aspx
- https://www.theoptionsguide.com/short-straddle.aspx
Iron Condor and Iron Butterflies - These strategies profit from neutral or mostly neutral stock movement. They receive a credit to open and benefit from theta decay. If your stock is range bound, these may be a good choice.
- These are both 4 "legged" trades, so you will have 4 trading fees to enter or exit the trade. A lower cost or zero cost broker shines here. However, “bad” free brokers will give you poor fills, which may not be worth the discount.
- Condors and butterflies have "wings" which are your purchased puts and calls. The wider the wing the higher the max profit/risk. The condor body can be riskier and skinny with a narrow high profit range or wider for a much greater chance of success with lower payout.
- An iron condor is built by combining a put credit spread and a call credit spread with the same expiry.
- An iron condor can be thought of as a modified short strangle with limited risk, and therefore a bit less profit. I prefer defined limited risk.
- The butterfly is similar except instead of a plateau it has a sharp peak. My personal mental note is that a condor looks more like a strangle with wings, while a butterfly looks like a straddle with wings.
- Pay attention to earnings dates when you open these, I have forgotten to check before and it led to bad trades.
- https://www.theoptionsguide.com/iron-condor.aspx
- https://www.theoptionsguide.com/iron-butterfly.aspx
Long Condor (Debit Call Condor) - The debit version of an Iron Condor. You expect the price to stay inside your defined range. This strategy profits from neutral or mostly neutral stock movement. I’ve never tried this, Iron Condors make more sense to me.
- Limited risk / limited reward.
- https://www.theoptionsguide.com/condor.aspx
Short Condor (Credit Call Condor) - Inverse of an Iron Condor. You expect the price to go OUTSIDE your defined range. These are useful when you expect significant price movement. Credit to open.
- Limited risk / limited reward.
- Can be harder to set up. I want to try these, haven’t yet.
- https://www.theoptionsguide.com/short-condor.aspx
Reverse Iron Condor LEAPs - LEAP Options are options that are long term with many DTE, often over a year until expiration. LEAP calls are great for long term growth plays (downtrends with LEAP puts) or simply when you really like a company and can't afford 100 shares. LEAPs (or any "longer term" option) enables you to sell a PMCC or PMCP (below)
PMCC / PMCP - PMCC or PMCP are poor man's covered call (or poor man's covered puts). They are diagonal options often used with purchased LEAPs. You sell a shorter DTE call/put with a further OTM strike than your purchased call/put. For PMCC/PMCPs it is often recommended to recoup your extrinsic value as soon as possible, some recommend with your first call CC or put sale, to ensure you are positive if the option is assigned early. These have a lot of moving parts and strategies. If you buy a barely ITM call/put and sell a nearby strike call/put you run the risk of the purchased option getting "blown by" on large stock movement and ending up with a very negative losing trade. Keeping your purchased LEAP deeper ITM should protect you. Check your initial PMCC using an options calculation to make sure you don't screw up.
- I'm currently tinkering with these myself. So far I like .7-.9 delta call LEAPS with 30-45 DTE calls on my CC. The goal is to hold the LEAP long term, potentially until expiration, and constantly sell calls/puts on it that expire worthless. Typically the call/put is rolled up and out or down and out if it's going to be assigned, unless you don't want your LEAP anymore.
- Some people look at these many sold CC or puts as profits, I look at them as lowering my cost basis until it's zero (or even negative). I have a page in my notebook I write each CC on my NIO LEAP (I Meme stock sometimes). I find it satisfying to slowly see the cost of the original option disappear. When I originally wrote this I had ~2 years left on it and it's 9-10% paid for; that doesn't even count the actual gains the LEAP has.
- TT states this is considered an IV play, which I partially agree with. You want to buy these during low IV times since an IV drop will hurt your LEAP value. I look at them more as a way to sell calls/puts on a high IV company with a lot of price movement and potential upside/downside.
Advanced Orders - Guide to several order types: https://us.etrade.com/knowledge/events/webinars/order-types-from-basic-to-advanced-07162019
- One Triggers Other (OTO):
- Good brokers will allow you to set these up, some will require a desktop to do it. This lets you link one action to another. In programming think of it like an if-then. You’ll tie a buy/sell to another buy/sell
- Setting trailing stops on options is very chaotic since their price movement can be drastic due to volatility. I prefer to set my trailing stop to a stock.
- What I like to do is set a trailing stop on a stock (or just link it to a stock price drop) and have it sell 1 share I own. Then it immediately executes a market order to sell my call. I’ve had good luck doing this with incredibly volatile plays were stop losses aren’t effective. I’ll often have an order saved and ready saved for when a strong run up starts. When my price alerts start blowing up my phone, I’ll immediately hit execute to turn it on.
Disclaimer:
I’m not a financial adviser, I'm actually an engineer. I’m not telling you to invest in a specific stock/option or even use a specific strategy. I’ve outlined and more extensively elaborated on what I personally like. You should test several strategies and find what works best for you.
I'm just a guy who trades (mainly options) part-time for financial gain and fun. I don't claim to be some investing savant.
submitted by CompulsionOSU to thetagang [link] [comments]
Never Blindly Follow All "Stock Market" YouTubers | Possible Exposed Fraud [Tom Nash] & The 5 Reasons Why I Believe Tom Nash Is Lying
Hello everyone! This isn’t my usual kind of post, but man, I can’t stand to see how people just follow every freaking YouTuber out there blindly! In this post, we are going to talk about why I believe Tom Nash may be a
fraud, so please do have some patience and read the full post, as I will go through an in-depth research of his past and his claims.
~Very Long Post~ Let’s start by talking about who Tom Nash is & says he is. He is a new & trendy “finance & stock market” YouTuber which has recently passed 150K subscribers after exploding during this retail investor boom, but here is a short
video from his YouTube describing himself.
In the video he is claiming he is a former “senior financial analyst” which is very hard to believe in my opinion after doing a lot of research about him.
So let’s go through the
5 reasons I believe he is lying about his past & why you should never take anything any YouTuber out there says for granted and you should do your own research as well:
1) Let’s start with the biggest one, his valuation methods are flawed Even though he has posted some videos that have panned out, it’s very hard to differentiate good analysis from pure luck in this recent bull market, even monkeys could throw darts at stocks in the past 11 months and be right after the March sell-off.
I was pretty curious of his valuation methods so I joined his channel membership and asked him a direct question, about his DCF valuation, to which he
responded bluntly that I am doing things wrong. I also sent him a direct link to a well-known financial institute, where we can see that the most common cash flow used for financial
modeling, which is the unlevered free cash flow, implies that you subtract any capital expenditures of the company, which contradicts the way he sees it and is plain wrong, it’s like he uses 2nd grade math, if you subtract a negative number then your cash flow actually increases, which doesn’t even make sense. How can something that costs you money be a positive on the free cash flow?
I’ll let you digest this as I will next show you some of his DCF valuations & how he uses absurd numbers and changes the formulas as he pleases just to reach some insane valuations for companies just to be catchy.
Here are a couple of short extracts from his Salesforce DCF calculations,
Exibit A - everything seems legit until here, now he starts with the biggest mistake in this DCF
Exibit B - I’ll be blunt you can never, ever add the Capex number to a DCF valuation, that literally throws the hole calculations off, but let’s continue…
Exibit C - So, using a discount rate of 6% is also insane, even with the current low interest rates, you should at least discount the average
SP500 return, or use the WACC or any other type of metric, which is much safer than picking out a single company, as the SP500 has proven over long-stretches to be a great performer.
But yeah guys, this isn’t the first time he has done these kind of errors, you can see he is using most of these methods in many stock picks which are then spread out to thousands of new investors, who don’t really have the knowledge to test what he is saying. I’m just showing you here a couple of stocks like
Dynatrace,
Opendoor,
Alibaba,
Peloton,
Salesforce as I showed in the previous video and even
Apple that have been analyzed and spread to the public this way.
The other big issue with his valuations is that he is using insane long-term growth rates, as he used a 5% growth rate for
Peloton to reach a higher valuation, so can you imagine? If Peloton grows at a 5% rate in perpetuity it means they should more than double the inflation
rate every year and is way higher than any GDP
growth the US has seen since 1984.
He is also
implying that Peloton has no debt on it’s balance sheet, which is 100% false, as you can see
HERE, he used the cash, cash equivalents & marketable securities to calculate the short term assets while completely ignoring the over $700M in accounts payable no to mention the other current liabilities which would add up to almost exactly the $1.4B in assets he added to his calculations.
But who knows guys? Maybe he is the real deal, as he has made some
correct DCF implications for some stocks like
Fortinet and
FuboTV, by actually subtracting the Capex finally, though he doesn’t do this in every analysis, not even in the most recent ones while also keeping that big long-term growth rate at 5%, when I myself never use a bigger one than 4%.
Just for an
example I took his CRM numbers and popped them up in my spreadsheets, and even given his methods I couldn’t quite get to the same results without manually editing numbers, as those implications resulted in a 7% undervaluation for the stock, while only adjusting the Capex to be a negative on the cashflows and not touching anything else that might be wrong in this DCF,
resulted in a 10% overvaluation for the stock.
So, I think if he really was a 10+ years wall street analyst I don’t think he could have made these obvious mistakes.
2) So, Is Tom Nash whom he says he is or is he lying about his past? HERE is the channel intro for his YouTube (Which I can't even see anymore, but i was lucky to download it a couple of days ago)
As you Can see, I don’t doubt that he actually went to Michigan or that he got and MBA, but I do doubt that all of his Successful “Senior” Financial analyst & consulting Career can be described with only a couple of weak-ass photos of him at an NBA game, or him casually at some kind of a course program as that is exactly what it looks like with the other guys in the back-left of the photo.
Also, are we to believe all of this great financial career ended with him just taking out his fake plant from his office, while also smiling as he threw away at least a decent salary for a gamble on YouTube, which is very hard to do, especially when you are starting, as YouTube doesn’t really help the small guys.
His YouTube journey seemed to have
started on the path of exposing guru’s and not financial advice, as he also says in the video, so how did he turn to do financial analysis on YouTube? Seems pretty convenient that he just became an expert in stock analysis as YouTube videos on such things were booming.
You can see
HERE, he didn’t make a single stock analysis for the most part of 2020, which seems pretty off, as now most of his videos are on stock analysis, and while his channel was created in 2017, he conveniently deleted all the previous videos, which is another weird move to do.
I also went on a deep internet dive and did a lot of searching about him and I found this video
podcast of him.
His main intro in this podcast is that he works as a consultant indeed, from Israel, and also the consultancy job isn’t for a financial company, it’s rather to help people on YouTube grow, so let's look at some extracts from the video:
Exibit I - We can see the main part of the talk is nothing about anything related to his financial past, let’s continue
Exibit II - It seems he started with a gaming channel, not even a fake guru channel, and I also found something about that FB
GROUP which isn’t active anymore and all of the videos he made for that have also been deleted as you can see in this
post from way back in 2018 as he was
teaching how to make money on YouTube well through 2019, and was even giving out free workshop
experiences as he was pumping out creator
content which is miles apart from financial analysis (BTW, he is using the same freaking photo in his old banner & logo as his current one, just changing the green screen background), just look at
his old YouTube banner (YouTube tips & tutorials)
Exibit III - Yeah, it seems he also did some video on how to promote on Reddit, and what comes next guys is literally mind blowing, how much more can this dude lie & hide?
Exibit IV - Well… Nothing to hide then… He even had a Fiverr account which was called tomernash you can see clearly
HERE, that is his username, and when I went out to check it out right now, he is
using a fake picture & and still might live in Israel, not the US, and on top of this he might not actually even be from Russia, which he has been saying over & over again on his channel. You can
SEE he reiterates he is a certified YouTube consultant with no mention of his financial skills or certifications.
And even more, you see what picture he uses as a logo yeah? Well, I did a reverse google search and found the other guy also has a YouTube
channel about kinetic cycling.
Maybe he was one of his clients that he reached a deal to use his picture, wtf, the more I dig in the more I am amazed of the lengths this man has gone to reach fame on YouTube.
Exibit V - So… A financial analyst with no sheets, no paper, no nothing, great stuff for a senior financial analyst, I literally can’t take more of this so let’s move to the next reasons
3) Getting in front of the lie? I believe that’s what he was trying to do to, by making a
VIDEO on this very subject in mid-2020 and popping up higher in the search rankings before his channel boomed.
In the video he clarifies that Tom Nash isn’t his real name, but he also restated that he was working for a big consultancy firm as recent as this summer, and that he does shit tons of stuff which is very hard to believe, as usually this big consultancy firms have different departments for different things that he mentioned in the video. You can still find that video on his channel if you are interested
But, by the way, how was he working on that job while also doing hundreds of Fiverr jobs as a YouTube consultant?
He also claims to not offering any courses, e-books or other stuff like this, which is false as i showed in the previous reasons with his past YouTube courses & other stuff, and as you will see in the next reasons, something smells really bad out here.
4) Claims about his past I also took a deeper dive into more of his past, as you can see in
his previous channel cover and info, he had only about 4K subscribers as he was doing guru video reviews on YouTube, but all of a sudden, he
became a senior financial analyst from wall street that was living in Israel & doing Fiverr gigs, I don’t know what to say but it seems pretty fishy to me.
I also checked his LinkedIn
page, and all of his skills & endorsements seem to be related to his YouTube skills and nothing about finance or the stock market.
But I also found his
profile on Quora, where he wasn’t that active but still, well back in
2017 he was posting things about gaming & YouTube while supposedly still working on Wall Street as a financial analyst, and it’s interesting that there is no
mention of him following anything related to stocks, finance, economy, accounting, statistics or anything other related to the stock market.
So yeah guys, I guess when you make a new type of video and it boosts your channel from just
10K subscribers all the way up to
150K subscribers, you are willing to push the limits and lie about your past just to keep everything going, as YouTube is a really good way to make money right now.
5) The Transformation He has had even more channels in the past not only this one, which he has transformed overnight from a YouTube Channel
Reviewer to a Guru
Reviewer and finally to a financial
analyst , as He created a second & third YouTube account called
GearlyReviews where he reviews electronics and
EuroBall where he only posted 2 videos.
I also searched him through his Reddit
posts and only could find things related to marketing & social media, nothing about finance yet again.
So, my personal opinion which I doubt to be wrong guys, if there is a case of a dubious & fishy person out there, he is one of them.
I believe that he has never worked as a senior financial analyst and especially not a stock market, asset or any other type of equity analyst.
Most of his stock
picks are small-caps that are highly volatile or a couple of recent high flyers which are very catchy to any YouTube audience.
There are many things wrong about the picture he has painted about himself even though he has gone through a lot to try and erase his past. The fact that there are no mentions of things from the wall street or consulting firm, bad stock analysis and methods, fishy and dubious moves of his YouTube channels and especially fishy things about him being a consultant & analyst in early 2020 while he was already doing YouTube and other stuff back in 2017-2018 really makes me not want to buy his story.
Folks, be careful out there, you can find a lot of YouTubers out there who make more money from their advice giving on YouTube, Patreon or other kind of subscriptions and courses, compared to the actual money they are making or have ever made in the stock market.
So yeah guys, I don’t want to make a final judgment on this guy, but you should consider everything I have showed about him and all the problems with his past & his financial methods & just remember as always
in a bull market everyone is an expert & genius, while in a bear market you can’t find any of these people as they all flee.
Later edit: He has currently disabled his Fiverr gigs, learned Russian and deleted the profile image LOL SEARCH / PROFILE / RUSSIAN Thank you everyone for reading🙏 Hope you enjoyed the content! Be sure to leave a comment down below with your opinion! Have a great day and see you next time❗
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