Showing off my total BTC earned through daily interest on balance. A friendly show off just to see how much others are earning. I am not holding much in my freebitco.in account but over the years it has given a decent amount without even noticing it. LOL. How about you guys ?  |
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I don't think there are taxes on net loss from gambling/trading. Even in my country they have applied taxes on income from crypto.
So this means if there is no income then there are no taxes. So yes, a solid track record of bet history should be enough evidence to disclose the losses.
Besides that, if there is no profit then how would they tax you without knowing the amount of profits you have made.
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Newcastle has to prove that they are better than before, what help Newcastle is because they started this season good which makes the club to be in the fifth position on English premier league table, Liverpool is only 3 points behind to take the fifth position and I expect Newcastle to play well for that not to happen, but I doubt if that will not happen. Newcastle only won one match in their last four, I can not just because of that predict that they are going to win Nottingam Forest, they have to maintain the consistency before I can make such conclusion. As for today's match, we know that Nottingam Forest is worse, but I do not have confidence in Newcastle yet, I will better wait till tomorrow to select better English premier league match or matches if possible. I don't think Newcastle will really have any big problems when they travel to the City Ground. I think Newcastle will win that game because their form tends to be expected to be better than the home team. I don't mean to belittle Nottingham, but the probability of winning for Newcastle is really good. Nottingham basically has a chance to end the match with a draw, but I don't think a draw is an option that will be profitable in this match considering that Newcastle is struggling to get into the top 4. I'm sure Newcastle will win, but not many goals to be expected. Even I think Newcastle will take it away. Nottingham is still way behind if we look at the points table whereas Newcastle is just 4 points from top4 and 6 points from top 3. The odds are in the favor of Newcastle. I don't think there will be any draw in this match and Newcastle will either win by 1 or 2 goals. Let's see how it goes in the next few hours. |
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Few days back, I came across a post encouraging people to use the money well wishers gives to newly born babies and mothers as a gift to invest in bitcoin for the baby, then I was pregnant, just delivered 3rd of march. My baby and I has made up to $50 if converted just 10days after giving birth. I am definitely going to use the money to invest in bitcoin this year for my baby so that in the next 18 years my baby will be proud of the decision I took for him.
Im so glad I discovered this platform this year, I believe I am going to achieve a lot from this forum
Below are lovely pictures of my cutie, my bundle of joy.🥰
That's really cute. It's good that you have invested the money into bitcoin and are willing to hold it for 18 years. 18 years is a really a long time to hold and we cannot even imagine how far bitcoin would go in price by that time. To be honest I was thinking to do the same thing when I become a father. I think my child would be really happy to see such a gift when he/she becomes 18. |
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Today, I am going to write briefly about the Random Number Generator(RGN) and its importance in online casinos. So basically, what the RNG does is to ensure that when we play our favoruite casino games, it creates random number, thereby ensuring that the result of every game are random and fair. No one would enjoy playing a game where they have no fair chance of winning. So, what is its mode of operation? If you play slots a lot you would have noticed that there are random symbols that appears on the reels. And when it does, it determines whether you have won some cents, a dollar, or more. There are complex algorithm that have generated the random symbols. The same thing applies to other online games too.
In the past, I used to think or believe that the random numbers generated were controlled by the owners of the online casinos. I was wrong. They have no control over it. Instead, there are companies that monitor it to ensure that the numbers generated are as random as they are. Imagine the manipulation and bias in the game results if online casinos had control over the RNG.
Personally, I feel that the RNG is the most important tool by which gamblers can measure an online casino's fairness, transparency, accountability, and honesty and that it operates in an ethical manner. For me this is the major role of the RNG in the online gambling industry.
As a gambler have you ever read up on how the RNG works in online casino games, or do you simply trust that it's functioning properly?
While the casino has no control over the RNG,some slot providers like Play n Go are giving them 3 changeable RTP the lowest one being 96.27,then about 92 the second one and the last near 84 percent,and that I know or not 100% sure but something along those lines can be configured to be played with.This is some sort of RNG manipulation also as by changing the RTP to the biggest one it means it will give less winning combinations and will get one's money faster than the lowest RTP and I think we have no idea how to verify which RTP the casino is using,sure they may say in the description that we are giving 96.27 the lowest edge but how do I know that they have not configured the game with almost 16 percent to favor the casino? Based on this I will switch to only games that have only one single RTP and I don't care about the high volatility,almost every good slot has it. Howcome nobody is talking about this ? I have heard this the first time because everywhere else there's just one algorithm and they stick to it. There's no change in it. Most sites use the provable fair algorithm which is by far the best algorithm to generate random numbers. We should only stick to sites that use provably fair algorithm and at the same time provides a page where we can validate the outcomes of the same. |
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One thing we all should keep in mind is that in the long run we can never beat the house edge.
So if we calculate our wins and loses throughout the year then the number of losses will mostly be higher than the wins.
Hence whatever money we put in gambling should be considered as gone and we should never gamble to make profits.
Yes, we can hope to win some profits and gamble for fun but never ever we should keep hopes that we can consistently win money in gambling.
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We should know that winning and losing both are part of gambling and we should not pay attention only to one side.
It's true that most of the people only post their winnings on this board and not their losses.
So we must know that winning money in gambling is not so easy. We need a lot of luck and good skills.
I have made some huge losses too but that's how I learnt that we should never go out of our limits when it comes to gambling.
The amount we use to gamble is where the game changes. If it's something we can't lose and then lose the bet then that's where the trouble begins.
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From the list of casinos on the website, I only know BC.game even though I rarely play at the casino.
I don't want to take the risk of playing gambling at casinos other than BC.game and prefer to wait for reviews from friends here who are more experienced than me.
Among the bonuses given by these casinos, I see that BC.game is in second place, giving the biggest bonus, but that is of course, based on the terms and conditions that apply at the casino.
And if you don't know about other casinos either, you should be careful not to try them right away, especially if it's not a crypto casino.
Even I am familiar with just BC.GAME from the list in OP. All the other sites are the first time I am hearing them. BC.GAME is by far the best one among the list since it has been quite a while since they are operating. They have also developed a lot of features in last few months which makes them at the top of the game. Their bonuses and free spins are quite attractive when compared to other casino sites. |
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Firstly, the other person invested in bitcoin with his own hands. Nobody forced him to do it.
Would that person have shared the profits if bitcoin was at the peak ? I guess no right. So he cannot say that the losses occurred because of you.
Secondly, you should not convince anyone to do any kind of investments. You can surely teach them and give them the knowledge but it should be their own decision whether they want to invest in it or not.
Even I had told my friends about bitcoin and few of them bought it and are in losses currently but they haven't backfired at me like this.
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On top of this, I have accumulated 300+ spins now. However, I am waiting for them to reach 1000 spins. It ain't easy to hold but the party is on!
I noticed today that the size of the base prize from the wheel of fortune has already decreased from 50 to 48 sats. So if BTC continues to grow at the same rate, you should think about using those 300+ spins now rather than waiting until you have 1000 spins in your account. In other words, you could potentially miss out on a lot of sats and RP as well as lottery tickets.  That's bound to happen. This is the only reason why I don't prefer accumulating a large amount of WoF spins. At the most, I hold it for 1-2 weeks max and then spin them all. This way we are getting an average base reward every time. I just checked now and the base reward is back to 50. So make hay while the sun shines and spin all the WoF spins while the rewards are higher. |
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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.
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~
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. |
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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. |
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~
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. |
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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.
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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/Syqzwxcand 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/jVFq39Fmy 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. |
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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. |
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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. |
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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. |
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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. |
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