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1621  Bitcoin / Bitcoin Discussion / Re: Brazil Has Approved Bill Recognizing Bitcoin As a Payment Method. on: December 03, 2022, 10:27:22 PM
I saw this headline this morning in the news, but never read it into detail, between this is a good move by the Brazilian people to adopt Bitcoin as a payment method in other news as a legal tender just like in El Salvador.

Now Brazil joins other countries in adopting bitcoin as an alternative currency which gives citizens a wide range of options for financial transactions.

Brazil didn't make Bitcoin a legal tender, it just allowed to use it. And IMO it is good and better corresponds the spirit of Bitcoin: you got an alternative but you are not made to use it. Bitcoin has enough benefits of using it and not to be needed in legislative enforcement to use it.
Brazilian real is still the legal tender in Brazil, while bitcoin has also been legalized as a payment method throughout the country. But even so, this is still a big win for bitcoin as not all countries have been open to bitcoin and legalize it. Brazil can now boost the adoption of digital currencies, and definitely will expand the cryptocurrency community in their own country.
1622  Economy / Gambling discussion / Re: Crypto Casino on: December 03, 2022, 09:50:57 PM
What casino websites are they?

Most of the casinos that are scammers are newer ones because they've got no reputation to protect and they're just like hit or miss type of scammers hiding through a casino.

And for your reference about the casinos in the forum, we've got plenty of them through the Gambling section.
You should have reveal the names of the sites so we can look for it and give you good advices. Certainly, you’re in a wrong casino if you think you are not even winning just once. I may think you’re unlucky but that not most of the case, as there are really scam casinos out there so we have to research first on the site before we start to gamble. In your case, now that you think maybe it’s another scam casino, then stay away from that site and look for other gambling platforms here in the gambling section as they are more reputable compared to your previous casinos.
1623  Other / Beginners & Help / Re: As a newbie I stay off shitcoin and it paid off, Bitcoin is the king. on: December 03, 2022, 09:30:44 PM
After I started my Bitcoin holding journey a few months ago,
At that time, my close friend Sam! also have some capital he want to put away in cryptocurrency, and I advised him to buy Bitcoin instead of an altcoin. But instead of him to have a long-term potential mentality, he was looking for a quick profit so he filled up his portfolio with shitcoin, while I went in on a single portfolio of Bitcoin and when the unexpected of FTX hack happen the whole market in shamble and his altcoin portfolio have dropped above %800+ but my bitcoin holding still maintains some level of stability.

This gives me more confidence in Bitcoin and newbie who are looking for long-term holding should hold more bitcoin, in their private wallet to avoid exchange, but your knowledge to always have a good entry price.
First, there’s no easy way to make profits so learn to invest not for quick profits but definitely for long term goals. And with that, bitcoin will always be the most reliable and trusted coin for long term investment. Although there are altcoins who also excel in long term hodling, but they can never be profitable with short term hodling as most of them suddenly lost in the thin air without the chance to see value progress. Second, never trust centralized exchanges for your potential investments. There will surely be next events following the FTX drama.
1624  Economy / Gambling discussion / Re: under-age gamblers on: December 03, 2022, 09:11:56 PM
Young people want to do many things and if their family's financial situation is not enough, they look for different solutions. They can work somewhere in their spare time, buy and sell things, these are good things. The bad part is when they start gambling for easy money. They may be lucky at first. Even if they have unlucky times, they can win after a while. They will put 1 and get 3-5-10-20 whatever. If they lose they will say next time ill win and i'll cover my losses. In this way, they can live for several years. They may make bad choices to find money. Stealing money from their families, being sellers of illegal things etc. If they are not very successful in gambling, which 97-98% will bad at it. At the end they will drown in debt. They get older, they missed many opportunity probably they wont know how to make money in real life. In this way, they will have wasted a life.

This might be seems bad scenario but I had a friend couple years ago this story based on his life. One small wrong decision can affect your whole life like a domino effect.
Gambling won’t be an ideal source of living, one thing that minors these days failed to realize as what they are only considering is that when they hit the jackpot through gambling, it will definitely bring big changes to their family’s lives. Yes, they may get beginner’s luck while they are starting, but that won’t guarantee consistent profits while they keep on betting. In the end, they will only realize their mistakes if they fall into gambling addiction which I think will be hard anymore to escape from gambling, especially for minors who can’t even handle their lives properly.
1625  Economy / Trading Discussion / Re: Why everybody is panicking ? Its a game of greed and fear ! on: December 02, 2022, 10:43:54 PM
Who do you think is do panic selling? I think its normal to see the price of Bitcoin drop. Look Bitcoin history have a cycle if you are here for very long time or if you know the history of Bitcoin then you shouldn't be panic.

However, since there are some potential to make profit selling it is the best choice and buy later for cheaper price. That's a normal cycle of trading.
I would not say that only those newbies are panicking right now because even myself, I’m also starting to panic thinking that bitcoin price will eventually keep dropping. But I am also aware that this is a good chance to accumulate more bitcoin, one thing that most newbies never think of it. Although I must say that as long as we have emotions involved, panicking is natural, but in crypto one who panics gets lose in the end and one who stays calm and relax usually wins in the end.
1626  Other / Beginners & Help / Re: Is there best way to seek people's attention on bitcoin? on: December 02, 2022, 10:21:23 PM
if you yourself have never even held bitcoin and are asking how to introduce bitcoin to people in the best way, then what needs to be educated is yourself. Starting from yourself, use bitcoin and feel the difference, if you haven't used it yourself, don't give empty knowledge to other people.
There are many ways you can do to start introducing bitcoin, even now it's easier. a lot of advertising media that preach bitcoin when the price of bitcoin is high enough and people are curious and finally learn about it and invest in it. first, you have to start from yourself.
Experience bitcoin with yourself first and then after that, that’s the perfect time you can effectively share to others what bitcoin has done for you. While other use the social media to promote bitcoin and attract the interest of the people, personally I would want to keep it private because you don’t know what other people will think about you. If they will try to buy bitcoin and lose it in the process, then you are now to be blame of their losses. That is why sharing about bitcoin is good, but limit only to those people who know you well.
1627  Economy / Exchanges / Re: Will there ever be any safe centralised exchange ? on: December 02, 2022, 09:58:30 PM
I was wondering if there could still be any safe centralised exchange in the blockchain industry. Of lately lots have been unveiling itself and centralisedexchanges are at the end of it all.  Does it mean that these centralised exchanges that are in existence lacks the capability to safeguard assets and funds after attracting investors and traders to their platforms for engagement and activities?
 How do you explain these things to the people whom have entrusted their funds and assets to you for safe keeping hoping that what they gave to you is under safe care only to wake up to a sad news of their assets being stolen by hackers. How do you explain all these.

At first identifying the problem is a basic course for rendering solutions. If these problems are not identified immediately by the exchanges for quick remedy then who's to be blamed for it. Do they really do constant check on their service to know their lapses, if they do, do they identify it immediately with utmost attention? Do they do a constant check and evaluation on their staff and  mechanisms.

With all these said, what are your opinions on this subject matter as I feel this needs to be looked into for possible measures to be taken for  so as to further prevent or minimise the rate at which exchanges get hacked or being careless with investors and traders funds.
Centralized exchanges are not safe anymore so people should not be placing their funds on it. Not just because of the FTX event, but because centralized exchanges have low level of security and privacy which means our money will be in high danger if they will remained in them in the long run.
1628  Economy / Gambling discussion / Re: What would be an ideal KYC solution? on: December 02, 2022, 09:23:18 PM
I will echo the sentiments of most of our posters here, it can't be prevented in this era. We have moved to a point that everything, including crypto base online casinos are going to ask for KYC. That what the world we live in right now, our identity will have to be known to them specially if we are winning huge amount of money.

So before they are going to pay, they want to record everything first, as government has also mandated that before they will be given their license to operate, they will have to pass KYC first. That's how it is and so there is no solution but to follow what they requested and submit ourselves to KYC procedures.
Perhaps the best solution is to accept KYC for good because it’s where it’s definitely going to. And to think that gambling platforms are manipulated by the centralized government, then everything their orders should be followed, and KYC should be strict implemented. Although there are some casinos who only ask KYC when there are huge amount of winnings, but it’s expected that in the long run, KYC will always be compulsory by any means.
1629  Economy / Gambling discussion / Re: Quit gambling today and lesson i learnt on: December 01, 2022, 08:27:19 AM
Stay where you are good at and if a decision you have wanting to quit then just do it for good. It may hard at the beginning and you'll feel that you're going to win back those losses and you might experience those huge wins again, just don't think of it.
Clear your mind and have yourself really set for quitting and don't ever go back again. But most gamblers tell that and eventually, they're coming back and playing again.
Reality is you can’t easily quit from gambling whenever you want. You have to take it slow and change your mindset that you can’t chase your losses anymore, otherwise you’ll end up affecting your finances, and eventually your mental and emotional health. Although there are those who are strong and determined enough to leave gambling for good within a short period of time, but if you are a regular and active gambler, it’s hard to leave gambling as easy as that.
1630  Economy / Gambling discussion / Re: New Solution to Address the Problem of Gambling in Australia. on: December 01, 2022, 01:03:01 AM
Sportsbet, an Australian betting giant, has said that it will support any move to prohibit the use of credit cards for gambling. The operator said that this type of payment method promoted a “play now, pay later” culture which was detrimental to the well-being of players and consumers. Here is a summary of the news below

The problem:Gambling with credit cards is high-risk in nature and could have serious financial consequences.

Proposed solution: Responsible Wagering Australia is putting forth a new interactive gambling legislation should block operators from offering credit cards as viable payment methods.

The Challenge: If this legislation is implemented, it would also affect lottery tickets, which would not be purchasable through credit cards anymore.

How Sportsbet is working to address the problem - They are building a “real-time intervention” solution that will allow it to leverage the power of AI to quickly predict customers’ daily deposits and send alerts when the depositing amounts begin to climb up too rapidly.

What other solutions can you think of?


Read the full news here

I had to read this multiple times and still cannot understand why exactly gambling with credit cards is more high risk than gambling with cash, for example? If a gambler has a huge gambling problem, up to the point that his life is turned upside down and he needs to take a loan out, he will not be saved by having been denied a credit card. More tempted? Sure. But people who reach that low point are not going to be hard to persuade to do something stupid.


That is already a sign of gambling addiction, being able to do things out of his character and out of his control. However, I do believe that depriving those gamblers from using their credit cards will also bring a positive effect and will lessen the risk of seeing them being addicted to gambling. But for other gamblers who are unstoppable and seem to freak out once deprived from gambling, the said solution will not be effective anymore. Those types of gamblers should be banned by all means, otherwise they will end up being harmed or they will cause harm to other gamblers in the casinos.
1631  Economy / Gambling discussion / Re: My Unconventional Betting Strategy on: December 01, 2022, 12:28:13 AM
They say two good heads are better than one, I couldn't agree more. Here's a an unconventional betting strategy that me and my friends have come up with to bet on some of the world cup games. I totally love it because we have cashed out about $1000 since the games began. Also, it minimized the losses and everyone goes home happy.

The strategy -  We created one betting account with a local gambling site prior to the World Cup Games. We all contribute equal amount of money to fund the wallet. And using different analysis we place our bets on at least 3 of the world cup games every day.

For me it has a lot of advantages -

- it minimizes losses
- it reduces the chances of being addicted
- it helps to build bonding. We hang out. We watch the game and we have fun.
- We have a budget and we stick to it. It sorts of builds accountability.

Do you have a unconventional betting strategy that have been working for you? Do Share.
I don’t usually go for partnership or betting with shared capital from friends when it comes to gambling. It’s just that I don’t have trusted friends around when it comes to gambling. But I believe your own strategy will certainly work and has good advantages on it. You can share the risk of losing which will help you not to fall in gambling addiction, and it can also increase the capacity or the chances to win since your bets are well spread with a good amount of bets. My only doubt is whenever one of you will insist his own bet because he thinks that will create higher chances of winning, that would be another problem if ever.
1632  Other / Beginners & Help / Re: Why you should never try to time the market bottom on: November 28, 2022, 08:39:11 PM
Crypto has no bottom and can never be predicted. That is a common mistake we make, we wait for more dips and fail to accumulate at low prices. I missed like this a lot. Most people become extremely worried when prices begin to fall and believe there will be further drops. When the price begins to recover, we end up buying. But when it became affordable, we simply waited. So, you should have your own accumulate zone where you can buy.
I think a lot of investors have fallen on this part. We always create our own predictions as to what is the best price to buy, but in reality as soon as the bear season enters the market, that’s the perfect time to buy and accumulate potential coins. No need to wait for another downturn, just do DCA if you want so you won’t miss every chance to buy bitcoin or any other potential coin.
1633  Economy / Trading Discussion / Re: Long term Crypto winning strategies on: November 28, 2022, 07:25:53 PM
The only reasonable investment is bitcoin, more so in the dips. But there is no logical reason to invest in altcoins and bag hold them for long term since they have no real potential. When all the altcoins get is pump and dumps, it is best to treat them as short term risky trades rather than long term investment you should buy and bag hold.
A potential investor will never see such as promising as bitcoin knowing it’s the most prominent asset in the crypto market. The reason why many chose to invest in it and prioritize it over altcoins. While bitcoin is good for all time season, altcoins on the other hand are only good for pump and dump scenario, and yet in the end altcoins have less than potentials to be profitable compared to the leading investment which is bitcoin.
1634  Economy / Digital goods / Re: Profitable and Growing Casino Website for Sale on: November 28, 2022, 07:03:46 PM
Isn't $1.5m is way much too expensive for a $47k in 6 months average revenue or $94k annual revenue? Or let's just round it off and say it is a $100k a year.

For $1.5m the estimated ROI date will be 15 years. Isn't it way too long for having business? I'd bet 3-5 years ROI is considerable for any business.

True, and they are a broker, a middle man in this case, so that's why the price is very expensive because they need to make money at $1.5 million.

But then again for us, it's very expensive, and the returns as they have try to put it out will take years for the buyer to recover, so it's not good for them. Anyhow, maybe that initial price can still be bargain for. Best of luck to those who are interested on it.
With selling price at $1.5m, that’s quite expensive especially for a beginner owner, so might as well having a good bargain price is good to go. Even if there is a broker, I can say that the price is still too expensive considering only a small returns for 6 months. But regardless of the price, if the potential buyers have seen good plans for it, then it will certainly be sold in just a couple of months.
1635  Economy / Gambling discussion / Re: How was your first attempt to play gambling on: November 28, 2022, 05:53:04 PM
We all have a different experience how we started our first bet. Their are people who started bet without having any knowledge concerning it. Their are some people started with a help from a friend to bet and their are some who took their time to learn before they started paying bet.

How was your first start? Did you play blindly or spent some time to learn.?
Yes, no idea about gambling before and I just put money. I forgotten the game that I've played for the first time but I just went with the crowd because they're all on it.
The experience of everyone could be that we all made the same mistakes of betting without knowledge but when we lose and then found it as a fun thing, we started to learn about it.
Same with mine too. I just did a random betting with a small amount at first, and then when I happened to lose consistently, that’s the time I started gaining knowledge about gambling and develop my own skills particularly in sportsbetting through my various experiences. Although losing is quite inevitable, but there’s always an edge if you know the game well than just go betting along with the crowd.
1636  Economy / Gambling discussion / Re: [Boxing] Casimero vs Akaho - December 3 on: November 27, 2022, 10:56:07 PM
We also have to consider the quality of opponents Casimero has face in the past as compare to Akaho.

Akaho has failed in this two world championship attempts, while Casimero has been tearing the bantamweight leading to the failed fight against Paul Butler. And John Riel is the younger of the two, the road warrior but obviously the experience goes to Akaho as he has been professional boxers for 17 years as to Casimero's 15. But again as I have said, the key difference is the opponents that they have fought and so I think this is the big advantage for John Riel Casimero to win impressively.
Akaho has real more advantage than Casimero when it comes to boxing experience, but that won’t be a sole guarantee that Casimero is now the underdog. Aside from he’s younger than his opponent, Casimero has shown already he’s being ring smart and got his sense of timing and distance in a ring. So if Casimero will be able to perform skillfully in the ring, regardless how experienced Akaho is, surely Casimero will always be declare as the winner.
1637  Economy / Gambling discussion / Re: The origins of Slot games on: November 27, 2022, 09:58:43 PM
The origins of Slot Games

Slot machines are practically the “furniture” that can be found in any Casino anywhere in the world. Slot games are said to have been invented around 1871 in San Francisco.



The first slot machine ever to make its appearance was designed by a man named Charles Fey, and it was first known as the Liberty Bell. Since then, the device has been further developed over the years, and today we have hundreds of exotic games available to be played in slot machines.

You can learn more about the History of Slot Machines here.
Right. And there are a lot of interesting and exciting games from slot machines, the reason why it’s the top choice of most of the gamblers. But to be honest, slot machine odds are sometimes the worst, because you can always end up losing no matter how high your chances of winning. Slot games are still based on pure luck, so definitely never expect much when you go for slot machines.
1638  Economy / Economics / Re: Crypto Currency should be Integrated into School Curriculum on: November 27, 2022, 09:39:17 PM
I think cryptocurrencies are worthy of being used as a curriculum in high schools or colleges, if we start from elementary school, it is feared that students will only focus on making money so they are not ready and are prone to project scams.
Being discussed as a sub topic, yes, but as a main subject? What for? It has nothing much of a contribution to the curriculum. Indeed it is a profitable investment but it won't contribute to your academe, let us deparate that. On economics class or some related subj, it could be used as an example as an asset. There are many forms of investments but why do you guys think only a few (yes including real estate properties), were brought up? Because not all investments are beneficial to the society. Bitcoin at this moment is volatile and free of tax, how will it contribute then?  It has advantages as a currency indeed but let us be realistic.
That is why there is no need to teach specifically about bitcoin or cryptocurrency as we have already finance or economics subject that will tackle already on managing investments and assets. And seeing the fact that the government is not fully supporting it yet, so most probably the school’s curriculum focus will still be on fiat which is the main currency.
1639  Bitcoin / Bitcoin Discussion / Re: I want sell my house for bitcoin on: November 26, 2022, 10:23:54 PM
I think you've got the answer to your own question.
Quote
it's different when compare it with bitcoin

Don't just look at the growth of bitcoin without taking into account the risks it brings. Your home doesn't increase in value, but at least it's safe for you and real estate is considered the safest asset. For bitcoin, it might give you 3 other houses but could make you homeless in the future.
Don't and absolutely must not do that, invest with money that can be lost and make sure it doesn't affect your family's life.
Bitcoin investment still not guarantees secured profits because of its high volatility, so never compromise your property just because you are tempted on the future profits of bitcoin. Your property will always be your own possession no matter what but with bitcoin, you will never hold an assurance that it won’t lost its value and you sell it eventually at a cheaper price. You can always invest in bitcoin if you want, but only an amount that you can afford to lose, and selling your house will never be reasonable and definitely an illogical thing to do.
1640  Economy / Trading Discussion / Re: Reminders to all Crypto Lovers on: November 26, 2022, 09:59:13 PM
Kudos to you for this reminder! Many might not appreciate it but I do, and it would go a long way in reminding people or even educating the newbies about the susceptibility of the internet and their crypto assets.

I was a victim some years ago, if I had read a thing like this, perhaps it would have helped me to decide better then. And more reason why I appreciate this is that recently, just last month, my gut feeling pushed me to open a third-party link which is against my usual practice. But thank God it's not harmful.

This reminder boosts my ability to resist such temptation. We are all human beings and our weaknesses could strike at any time.
Well appreciated it too. This is not only for newbies but eventually for all crypto lovers that have forgotten now the basics because of their greed into profits. Even myself, I would admit that I have been tempted and scammed a couple of times thinking that taking shortcuts will make you even more profitable, but its not. So always be mindful and even take things the hard way if it’s really needed.
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