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1241  Economy / Gambling / Re: How succesful will AI projects be to win the house? on: March 15, 2023, 06:46:05 AM
AI bots for gambling shouldn't be fully trusted and should be used only for references.
One thing that we should know is that if everyone starts using these bots then predictions will drastically change over time and eventually people will start losing money.
So in the long run, one can never beat the house.
1242  Other / Beginners & Help / Re: Can you 'Will' your bitcoin to your children? on: March 15, 2023, 06:16:25 AM
~

First of all, depending on the place of residence, the execution of the will and its taxation may be different. So you should keep that in mind when drafting a will.

Regarding your example above: One Bitcoin can be divided into eight decimal places. What prevents you from writing a will that covers all five of your children equally? You then deposit this will (including the sealed private key of course) with a notary who, in the event of your death, will pay out the Bitcoin to your children according to their share.

Problem solved. After all, this is how it is done with other assets that are passed on to the descendants. With Bitcoin there is no big difference, except that the notary has to be familiar with Bitcoin and you have to include the private key in your will.

Yeah, I had the same logic in my mind as well. Just like any other assets, we can pass our bitcoins to our children.
But then a thought struck into my mind. What if a person from the notary steals the keys and then destroys the will ?
Even if the will is not destroyed but the coins will be gone since he would have the keys.
He will be easily able to take the coins and nobody would know how to prove him guilty of the theft.

There are some ways you can hide when notarizing it even without a notary only a signature and a video testimonial will suffice just notarize it after the assets are handed down, in my case I will distribute my Bitcoin asset while alive so I can oversee and teach them how it works and even motivate them to HODL it, there's a little complication when it comes to an asset like Bitcoin compared to all the other assets, so distributing when you're still alive will ease the burden.

That's probably the better way to do it. Instead of creating a will I would prefer teaching my children how to use bitcoin properly.
Making them learn about its fundamentals and technicality would make them more wise and hence they will be able to secure the coins by themselves.
Just letting them know about the possible locations where the keys are, after they are well trained ofcourse, will probably solve the problem.
1243  Other / Beginners & Help / Re: How do I succeed as newbie. on: March 13, 2023, 03:30:16 PM
Hi everyone,

As a newbie in crypto what are the things to do and not to do that will make me attain to the level of being confident and reliable on the decision I make.
Don't really know where to start but hopefully I will with your help.

I thought an idea is really welcome.
Thanks.

From my perspective there's only one thing that you should do as a newbie which will attain you confidence as well as knowledge and that is "reading and learning".
Keep reading and learning whatever you can, wherever you can and whenever you can.
This forum is a great place to start and you will automatically know what more to learn when you keep reading throughout the forum.
Keep exploring and that is how you will attain enough knowledge to tackle anything that comes against you.
1244  Other / Beginners & Help / Re: Can you 'Will' your bitcoin to your children? on: March 13, 2023, 03:14:24 PM
~

First of all, depending on the place of residence, the execution of the will and its taxation may be different. So you should keep that in mind when drafting a will.

Regarding your example above: One Bitcoin can be divided into eight decimal places. What prevents you from writing a will that covers all five of your children equally? You then deposit this will (including the sealed private key of course) with a notary who, in the event of your death, will pay out the Bitcoin to your children according to their share.

Problem solved. After all, this is how it is done with other assets that are passed on to the descendants. With Bitcoin there is no big difference, except that the notary has to be familiar with Bitcoin and you have to include the private key in your will.

Yeah, I had the same logic in my mind as well. Just like any other assets, we can pass our bitcoins to our children.
But then a thought struck into my mind. What if a person from the notary steals the keys and then destroys the will ?
Even if the will is not destroyed but the coins will be gone since he would have the keys.
He will be easily able to take the coins and nobody would know how to prove him guilty of the theft.
1245  Economy / Trading Discussion / Re: Why Beginners Should Not Go For Future Trading? on: March 13, 2023, 03:10:09 PM
I personally think futures trading is only for the professionals. Even professional traders, at times, find it difficult to manage futures trading.
Most newbies lose money in futures trading. Beginners should master spot trading first before they dive into futures.
The thought of getting higher returns by using higher leverage is the main reason why many lose money eventually.
1246  Economy / Trading Discussion / Re: Why it's very boring to trade on public holiday's? on: March 12, 2023, 04:12:38 PM
I trade bitcoin regularly,
my trading style is scalping sometimes, when i trade on regular days like monday to friday, it nice big candles forms, really very enjoying moment
like this: https://ibb.co/Syqzwxc


and trading on holidays like saturday and sunday, it become very boring day, there are very small candles forms, and very low profit or no profit at that day.
like this: https://ibb.co/jVFq39F


my question is why this difference in candles ,
my possible reasons are because insitutional traders are on holiday's or all traders are on holiday at that day,but financialcrypto markets are never on holidays.
share your thoughts why this candle differences, and very low volume.

You have already pointed out the possible reason for this and I think you are right.
Since stock exchanges are working only on weekdays may be the traders are more active on crypto markets on those days too.
Besides that, if you are not finding enough volume on weekends then you should just stop trading too much probably.
Over trading can eat up your profits.
1247  Bitcoin / Bitcoin Discussion / Re: I have failed too severely, time to give up? on: March 12, 2023, 04:06:46 PM
I come from a hard-core farming family, and we are all involved in agriculture. I was able to get ( inherit) an acre of land from my parents, and I started my cocoa farming business in 2010. Since then, it has improved greatly, and I have been able to purchase a sizable amount of Bitcoin with the business, even though it is seasonal and can produce both good and bad results.

Although I did everything in my power to increase business adoption of cryptocurrencies, I gave away some Bitcoin and some other coins too, and Bitcoin was my primary goal to use as means of exchange , yet, I have failed badly.

Those who buy bags of cocoa from my farm are older illiterate people, I wasted my energy,  trying to even tell them the benefits that comes with paying with Bitcoin, they are not even ready to take advantage of my discount, then I stopped.

In 2020, two special buyers are now handled by younger guys, the sons, I thought I will be able to handle them and make Bitcoin payment a possibility,  it still doesn't work, these young lads are just like their old men.

So I give up, I decided to talk about this because I still find it hard to believe that no where in this world of agriculture is accepting Bitcoin as means of payment. 

Is there anyone into agriculture and farming that are accepting Bitcoin?

What advice do you have for me at this point?

Should I just give up for now and wait for the future maybe when Bitcoin gets more popular? Or Bitcoin and farming makes no sense together?

I know it must be really frustrating to teach people about bitcoin yet they don't really wanna utilize the benefits.
You can't really convince a person who don't "want" to get convinced.
You should stop trying so much and just keep the option of cryptocurrencies open while accepting fiat payments too.
Those who really want to utilize the discount and are willing to put in the efforts to learn more about bitcoin then they will come to you directly.
You don't really have to push yourself so much just to get annoyed.
1248  Economy / Gambling discussion / Re: Sports arbitrage on: March 12, 2023, 04:53:17 AM
I haven't tried this, but is this profitable or legal? It seems to be difficult and time-consuming where you can find this error considering there are a lot of bookies out there. Could be possible if you have a team with different account, could this be possible by web scraping?
Even I am hearing this for the first time. Sports betting arbitration described by OP seems like a rare thing to happen.
I have heard of people taking advantage of time delay in live betting but what OP is saying is completely different.
Has anyone else tried this and is it beneficial in the long run ?
Really guys? But you don't look like a newbie here and I can see you two often make post in gambling and gambling discussion boards. The OP just drop some clue if what is it but one must be careful on attempting it as many sports betting sites are against with this strategy. You can get into serious trouble if the site caught you.

There are lots of people who come here to complain about the same issue and often mistaken that the sports betting site that they are using is a scam but it was actually their fault on why their accounts got blocked and their money or wins have been confiscated. The time delay that you are talking about there is also one of the tactics use by the sports bettors but I think that one is more legal than arbitrage betting.

Actually, I have heard that its illegal to bet on a live match where you are watching the match in the stadium.
I have read about cses where the caught a person in the stadium betting on the live match since the time dealy to show on live stream was of 6 seconds.
So the person used this delay to bet and win the match but eventually got caught and was then punished for the same.
1249  Bitcoin / Bitcoin Discussion / Re: [NEWS] Biden budget proposes 30% tax on crypto mining electricity usage on: March 12, 2023, 04:41:32 AM
From 10% to 30%. A huge ass jump that I don't think there's any reason for mining companies to stay in the United States. What's probably going to be left is the home miners who may or may not declare their mining operations.

I guess India was better at this by straightly imposing a 30% tax on crypto income directly.
So we basically have to pay 30% from our profits on crypto trading to the government.
I know thats a huge cut from our profits but at least we didn't go from 10% to 30% . Lol .
Still, it at least makes crypto trading legal in India (for the time being).
I'm not a "tax expert" but I think that is only slightly higher than what is paid elsewhere. The tax on the profit from cryptocurrency trading should be categorized under "Capital Gains tax" and that usually is around 20% in most countries but can go up as high as 30%.


Yeah that is true. Even in India, there are capital gains divided as short term capital gains and long term capital gains.
Short term are taxed around 15% and long term are taxed around 20%.
Tax on any kind of crypto income are taxed at 30%. The government made this move to decrease crypto usage/trading in India.
Hopefully this changes in future though.
1250  Other / Beginners & Help / Re: Can you tell me which one you will choose and why? on: March 11, 2023, 12:26:29 PM
I trust hardware wallet more than my bank account and Binance exchange, but if you are ask to choose between banks and Binance exchange which one do you trust the most? I throw this question to crypto friends around me and they choose Binance exchange.

I wonder why though,  because I feel like banks should be more trusted, my bank for example, has been running for over 20 years and nothing bad happened except, for high charge fees, but my fiat is always in safe hands,  I don't know, maybe I missed something? So I plan to ask on here,  which one would you trust the most and why?

Binance exchange and bank ? It should be straight up and easy to chose here.
Bank is the one we should go for because both bank and binance exchange are centralised but binance exchange is owned by a single entity and unregulated whereas banks are owned by multiple people and high regulated.
If binance exchange scams us the chances are low that our money will be recovered whereas if a bank scams us then the chances os recovering our money are fairly higher.
Also, the government gets involved in few cases where banks are in trouble, so that's another advantage.
1251  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: March 11, 2023, 11:56:42 AM
Low rewards from WOF this time, but at least a golden ticket came as consolation prize... I think the 5000 satoshis or RPs prizes still worth more than a golden ticket, because it's a sure win, while the GT is likely to be included on the same category of lottery tickets, which don't reward you anything after all. What do you think?



Yeah I think the same because I have won the GT few times but nothing out of it was rewarded.
Whereas I have won 5k sats and 5k RP few time and I still have it.
So the preference of sats and RP is more over GT by many people on freebitco.in
1252  Economy / Gambling discussion / Re: Sports arbitrage on: March 11, 2023, 11:39:44 AM
Sports arbitrage is basically when you make profit from matches regardless of the outcome of those matches just by taking advantage of odd difference between book makers. Odd difference on the other hand occur as a result of error in setting the odds by the bookmakers.
I haven't tried this, but is this profitable or legal? It seems to be difficult and time-consuming where you can find this error considering there are a lot of bookies out there. Could be possible if you have a team with different account, could this be possible by web scraping?

Even I am hearing this for the first time. Sports betting arbitration described by OP seems like a rare thing to happen.
I have heard of people taking advantage of time delay in live betting but what OP is saying is completely different.
Has anyone else tried this and is it beneficial in the long run ?
1253  Economy / Gambling discussion / Re: What do you think about stop gambling services issued by gambling platforms? on: March 11, 2023, 11:15:45 AM
If gambling sites start a stop gambling service then it would directly impact their business.
They wouldn't want their customers getting away while they are in for the profits.
Cigarette boxes have those helpline numbers because it is mandatory for them to put it on the boxes as a regulatory compliance.
But it doesn't get applicable on gambling casinos. But yeah if the regulatory authorities do implement such a policy where every gambling site has to put up helpline numbers to quit gambling then it would be a great idea.
1254  Bitcoin / Bitcoin Discussion / Re: [NEWS] Biden budget proposes 30% tax on crypto mining electricity usage on: March 10, 2023, 02:25:26 PM
From 10% to 30%. A huge ass jump that I don't think there's any reason for mining companies to stay in the United States. What's probably going to be left is the home miners who may or may not declare their mining operations.

I guess India was better at this by straightly imposing a 30% tax on crypto income directly.
So we basically have to pay 30% from our profits on crypto trading to the government.
I know thats a huge cut from our profits but at least we didn't go from 10% to 30% . Lol .
Still, it at least makes crypto trading legal in India (for the time being).
1255  Bitcoin / Bitcoin Discussion / Re: Bitcoin Deflation on: March 10, 2023, 02:20:06 PM
Wouldn't it be better if lost coins were reintroduced into the network after a fixed span of inactivity?

I suppose the first thing one would say no for, would be by virtue of bitcoin's well-known deflationary property. This said, I believe it is much more important, especially in the longest term, that bitcoin keeps its property of conservation of energy, that is, having a fixed quantity of money ever available. By losing coins, instead, and by having them unrecoverable, we have not a fixed quantity of money available, rather a decreasing one, which is why we call bitcoin deflationary.

What would happen if we would make so that coins with 131 years of inactivity would be reintroduced into the network?

I see this having some positive effects:
- decreased impact of hereditary monopoly
- incentive to let the currency flow
- canceled the future necessity to increase the number of decimals for 1 BTC (very-long term perspective: too many coins have been lost, thus the necessity to further subdivide a coin)



But how would you know if the coins are lost or not. Even if you consider 131 years of inactivity it's still not 100% provable that the coins are lost.

Suppose that I have hold on to my coins for 50 years and then I put it in my will as inheritance and it keeps going on like that without anyone utilizing those coins.
How would we know that its lost.

Also, suppose that I lost my keys to my coins but I have it written somewhere in a metal plate but couldn't find it now.
Somehow magically 150 years later one of my family members find it then he should be able to access those coins.
But they would have been gone because of your 131 years inactivity.

Bitcoin is perfect in the way it is currently. Any modification will disrupt its true value.
1256  Economy / Gambling discussion / Re: Wrong Bets !!! on: March 10, 2023, 02:10:31 PM
That was a huge bet, and it's a loss. If that's a win, then it's okay. I am not sure if this happened to me before, as I am always keen on checking zeros before hitting a bet because, as you know, I am very into attention to details and I don't want to be wrong, so I always check it. You should be always double checking this or also try to bet like using other forms of cryptocurrency that are whole like doge so that you won't be having problems on zeros, but if you are just keen on checking it then it is okay.
If it's destined to happen, it will happen no matter what a person does to prevent this from happening. If we use tokens that are whole, we will definitely do something like instead of betting 44, we will bet 444 and that again will be a problem. The only thing that can prevent this from happening is the presence of mind at that moment and your luck.

If a person is not destined to lose money on that day, even if they make such a mistake, they will win the bet and then once they realize that they messed up the first bet, they would change it but fortunately, they would still be able to play more since they didn't lose the unintentional big bet.

There is another thing that can prevent this from happening.
If the casino sites display a popup showing the amount of the bet then this would alert the user from placing the bet.
This would help us and make us sure that we are placing bet with the right amount.
But may be casino sites don't implement this wantedly because they want people to commit such mistakes.
1257  Economy / Gambling discussion / Re: Would you Bet on a Fight that is Scripted? on: March 10, 2023, 01:05:26 PM
Would you bet on a fight that is scripted even with the promise that the outcome will not be leaked to the public before the match ends? What is the ethical consideration is this case? Well this is the new information regarding the WWE about to explore this new type of betting option. You can read a part of the news quoted below and make your comments.

Quote
WWE Keen to Explore Betting on Scripted Fights as an Option
But if the states were to clear this type of betting, that would only raise integrity concerns observers believe, as the outcomes of fights would be known and the possibility of a leak high. WWE is reportedly working with Ernst & Young, an accountancy firm, to prove that the results of such fights would not be known to the public beforehand nor that they would leak out of the organizaiton.

Ernst & Young has previously advocated for the legalization of Academy Awards betting, and worked to keep the results a secret, proving that its possible to know an outcome beforehand and still have a fair betting market on the activity. WWE is of a similar mind, as the Oscars are already supported as betting markets in some places in the country, so why would sportsbooks hesitate to offer WWE fights, which are a form of entertainment for the most part rather than a pure athletic contest?

No official comment has been made by WWE officials to further elaborate on the situation, but Colorado has already denied the rumors. The Colorado Division of Gaming spoke to CNBC and briefly said that it had no intention of allowing betting on WWE matches as of right now. Legalizing WWE fights as viable betting events is not a stretch, however.

https://www.gamblingnews.com/news/wwe-wants-to-launch-gambling-on-scripted-fights-in-colorado-michigan/

LOL, WWE is already scripted to the core. Sometimes it's just hilarious to watch the fighters literally act in the ring.
I would definitely not place any bet if it were in such scripted fights.
Besides that, what's the point if one already knows the outcome of the match. Why would anyone bet in such a match anyway ?
1258  Economy / Gambling discussion / Re: Biggest Bonus is Casino History on: March 10, 2023, 12:53:02 PM
It seems to me that the best option would be to provide several free spins for registration to new users and subsequently a minimum bonus up to the size of the deposit would also be good, of course it doesn't sound so pretentious, but it can be real.

Free spins are the biggest flex. They give us a perspective of giving away something for free on daily basis.
This adds up because apart from the bonuses and giveaways, this is a great way to attract users on the site.
Freebitco.in has a daily free WoF spin which attracts many users on the site.
BC.GAME also has a daily free spin keeping the momentum of users on the site.
This simple yet attractive option should be a must on all gambling sites.
1259  Bitcoin / Bitcoin Discussion / Re: How do you feel selling your BTC against your plans? on: March 09, 2023, 02:12:21 PM
A thought came over me while spending my BTC. Although I was wondering if members have had that experience and  too  how others would feel about it hence this topic. Now here was what happened. I had an emergency which requires an urgent attention and it involves funds. I had no option than  to get the funds immediately as the payment I was expecting has no yet been credited to my account I had no option at that moment than to fall back to my bitcoin and what touched me most was that the market was red and It was obvious I had to sell to sort out the urgency at hand. While doing that, there was this feelings I had then as a result of the red market as at the time I was doing the transaction . I was just having that thought over me then and wishing the market could just boom immediately so I could only release just a small fraction of my BTC to sort out things then and another was that I could just receive my much awaited alert so I could stop the BTC transaction immediately. You know that feelings that comes when you want to do something you really do not have plans doing immediately maybe you have plans for it in the future and all of a suden an emergency comes up which would force you to do the needful. I had that feelings and it was real and really devastating at that very moment.
If you have had such experience, how was it like?

The problem is genuine and I guess many of us would have encountered this problem at least at some point of time.
But there is a simple solution to this problem. We all must have an emergency fund which consists of an amount that can bare our expenses for survival for the next 10 months.
This is the first thing we all should do before we make any kind of investments. If you had an emergency fund then you wouldn't have had to sell your BTC at cheaper price.
1260  Bitcoin / Bitcoin Discussion / Re: How will you feel when your government make BTC legal? on: March 09, 2023, 02:00:21 PM
My way to class this morning with some of my lovely course mate, someone raise this question that if our government decide to adopt BTC or make BTC legal how will i feel? I told him that the day our government will announce that BTC is now fully legalized in the country, I will throw a big party to host all the bitcoiners in my environment to join me to celebrate. If your government decide to adopt BTC or make BTC legal in your country, how will you feel?  Will you be among the people that will be angry because i know there are some people in our various places that think BTC is a scam digital currency which is not true, will you go to make them to understand it better in a positive way?

The country I live in has recently made cryptocurrencies to fall under PMLA (Prevention of Money Laundering Act) which has certain regulatory policies in it.
Bitcoin is already legal in my country but not a legal tender. It's just legal to trade cryptocurrencies.
So if bitcoin is made legal in a way that it is allowed to be used as a payment method then it would be really great for the country.
I would be definitely happy but at the same time we know that we must have certain knowledge to use bitcoin.
So making the whole country qualified enough to use bitcoin would be the first thing to do.
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