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1901  Economy / Trading Discussion / Re: Bitcoin Longterm Price Target on: August 22, 2022, 03:05:10 PM
Bitcoin surely has a long way to go but whatsoever speculations we make about it's price will just be a mere speculation.
Nobody can tell what the price could be in a long term. One thing we can definitely say is that bitcoin will survive and exist in the long run.
Given a duration of 28 years from now, which means by 2050 the price could cross $10 million according to me.
If not $10 million then it would definitely cross $1 million by then. 28 years is a long time though.
1902  Bitcoin / Bitcoin Discussion / Re: Mt Gox Upcoming release of funds to its creditors vs Btc Price on: August 21, 2022, 02:56:20 PM
.... Do you think they are going to hold it ?
They were able to live and wait for years so I won't be surprised if they hold on to it until the next run or longer to maximize their returns.

It's up to them at the end of the day so just be prepared to sell or convert to stable coin if you're too worried about what they will do.

They were able to wait for so many years because they didn't have any other option.
So I think that we will see a huge volatility when Mt Gox releases the funds.
The chances of a dump are high since many would think to exit and then sell their coins causing a dip.
Any idea when they are planning to release the funds ?
1903  Bitcoin / Bitcoin Discussion / Re: Why I have bought Bitcoin ? on: August 21, 2022, 02:50:56 PM
When I hear the word "Monk" .... I immediately think of a wise old man on top of a high hill... far away from all the influences of modern technology.  Cheesy  It is refreshing to see that even Monks are adapting to society and modern world now.  Wink

Just a warning... DO NOT use this forum to ask for donations... because it is against the rules. You can post some pictures of your charity work to add some credibility to your post. (remember... anyone can come to a forum like this and post anything.... there are a lot of scammers out there)

If you post something believable .... people might reach out to you.... like that person that gave you the $5000.  Wink

I kinda had the same feeling when I read that OP is a monk but then the his last post above makes me think he is a fraud.
Can you imaging a monk telling words like "I cannot go back to labour market to earn wages by working for some corporation as a slave labour. " or "I was not born to pay tax any tax collector."
These are the words from OP himself and I do not think that a genuine monk would say these things.
He is also threatening others in his posts. I am certainly sure he is not a genuine monk.
1904  Bitcoin / Bitcoin Discussion / Re: Bitcoin Transfer through Cell Phones Possible ? on: August 21, 2022, 02:41:24 PM
Yes I think it's certainly possible but the point is that a third party would definitely be involved in such transactions.
For example, if I am the third party I would be providing a custodial wallet to the users and linking it to their mobile numbers.
When the user makes the SMS it would trigger a transaction from the wallet and broadcast it to the blockchain.
Thus, the users would just be making an SMS but in the backend an actual bitcoin transaction would be done on the blockchain.
1905  Economy / Gambling discussion / Re: List of psychological tricks that casinos use. on: August 21, 2022, 08:16:42 AM
I found this interesting read that there are  psychological tricks offline casino's use to make visitors spend more money, I have summarized the article and added the link at the end for anyone who wants to read more, Why? cos like I mentioned, it is an interesting read!

So some of these tricks are;
1. Enticing Design - You know casinos spend a whole lot to ensure that their interiors are exquisite and speak luxury, you always want to come back.
2. Lack of Clocks and Natural Light - No clock means you won't be able to know when it's time to go, the more time you spend, the money you spend.
3. Cashless Games - You buy credit for slots or chips, so you also may not be able to keep track of your money.
others according to the article are: Stimulating Lights and Sounds, Memorable Scents, Near-Misses, Familiar Concepts, a Sense of Control.
SEE ARTICLE HERE

Now I understand that Online casinos are not left out and also apply some psychological tricks on us. The aim of these topic is not to say that it is bad as all businesses have their methods to increase profits, but for us to collectively highlight some psychology that online casinos can use. I have identified some as they are similar to those the articles highlighted as it seemed to be mostly focused on offline casinos, they are;
1. Good and user friendly design.
2. Cashless games is definitely among.
3. Stimulating sounds seem to be one. (Please add to the list)

There are few that we can add to the existing ones

Physical casinos:
- Hiring women to attract customers to gamble on their casino
- Serving free food and alcohol up to certain extent

Online casinos:
- Attractive bonuses and promotions
- Free spins
- Chatting with other users
- Showing Provably fair feature
1906  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: August 21, 2022, 08:07:44 AM

I was thinking about the same today. Plan minimum is FUN ($0.007501 - $0.01), but odds are very low (as always), 1.15. ETH made a very good progress recently, but last days' dump moved it back to $1,501 - $1,750 range (odds 3.45). And if we believe it will stay there, it would be a good option.
Similar situation is with BTC, but here the 2nd range ($20,001 - $22,500) has lower odds (2.76). I will wait 1-2 days more (this month I did not do any early bets) and if situation will be the same, I will bet on ETH.

It is too volatile again for me to place some bets; I didn't really saw the dump coming (I thought price was starting to rebound). Even for the FUN price, I wouldn't place any bet as currently the price is 0.0078$ and if we see another decline in the market, it can dump below 0.0075$ also.

Yeah, with the sudden dump it has become really difficult to predict the price of bitcoin. It will be more of a guess work now and the lucky one shall win.
I will be placing my bets on ETH price again since the odds are better for it than bitcoin.
I will still wait for 2 days to see how the market is behaving before placing my bets.
1907  Economy / Gambling discussion / Re: What’s your gambling profit percentage limit? on: August 20, 2022, 03:18:25 PM
I use profit percentage as my restriction to not overplay too much. I usually set 100% of my initial deposit as target profit before I stop gambling. Sometimes my bankroll got busted before I hit that target which means I need to stop gambling for the day and move on for tomorrow. I use this method after suffering a huge loss by just chasing more profit even though I already gain so much money. I admit that I don’t have satisfaction on just winning because I don’t have limit goal before.

Now, I manage to play in moderate way and increase my profit in general because I already control myself on when to take profit and stop gambling for good.


Are you using using same method on limiting your gambling crave? What’s your percentage goal?



My profit percentage is kind of similar to yours. I aim for 2x or 100%. Sometimes I get more than this and many times I go busted.
But whenever I am in profits I make sure to have got at least 100% and more after which I quit gambling for the day.
1908  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: August 20, 2022, 02:41:37 PM
Last 3 days left on the price betting events on bitcoin and ethereum. The tables have turned now because of the dump yesterday from $24k to $21k.
Volatility is high so may be it will be difficult to predict the prices this time. But the risk is worth it because of attractive returns on the price ranges.
What are you guys planning to bet on ?
1909  Economy / Gambling / Re: bitdice delaying everything they can to kyc and withdraw on: August 20, 2022, 02:36:06 PM
every complaint on askgamblers is about my problem aswell extremely slow withdrawls and live supp telling people to be patient i hope to get all my money this weekend and yes indeed only 1 conformation for deposit

As long as you are getting your withdrawals processed you are on the safe side.
But keep updating this thread with your status because this says a lot about the site.
Also, did you try contacting their staff on this forum as yahoo mentioned ? May be they will help you in fasten up the process.
1910  Local / India / Re: WazirX Founder & Co-founder have moved out of India? on: August 20, 2022, 01:53:10 PM
Lately I have noticed that there is no deposit option on WazirX anymore. The only way we can deposit is via the P2P deposit.
Also, I have got a notification(don't remember whether it was from binance or wazirx) to move all my funds to binance to keep my funds safe since wazirx is being investigated for a fraud.
1911  Local / India / Re: What would be the best way to buy a hardware wallet in India ? on: August 20, 2022, 01:08:34 PM
Here you go buddy, this might help you a bit. I've been using Nano X for quite some time and virtually zero problems so far.

This is their twitter handle https://twitter.com/EtherbitHQ  shoot them a text if you got any confusion or concern or try their website directly.

etherbit is legit vendor in India. In past (2019) i have ordered few Nano X from etherbit for myself, father-in-law and couple of friends, everything went okay and delivery was also very fast (less than 24 hours) but ofc it would depend on the location too.

Check etherbit site during black friday sale (25th Nov-2 Dec), you might end up saving 2-3k rs.

Thanks for the link. Seems like etherbit is a good option if we want to buy from India based seller.
I like the fact that it is delivering the product in less than a week. So the chances of tampering are way to less when compare to delivery from official website.
Although it has a good reputation and reviews do you think it is a good idea to buy from resellers and not from official website ?



The second question is if we buy directly from the official website would there be a risk in delivery ?
May be the customs can keep it under their radar or tamper it or raise legal issues against us?


No, they won't tamper with your device.  Just make sure to reset the device and use your "own" keys.

But be ready to pay 100% of the cost of product as custom duty(there's custom on shipping charges too in this stupid country Smiley ) And you will have to pay else forget your device.

Buy straight from the original website, if they can ship to India


Is it really 100% of the cost of product ? I read on paisabazaar that it's just 10% of the cost of product.
But at the same time it takes around a month or more to receive the product. Now that's a turn off.

Quote
The assessable value of an imported item is Rs.1000/-
Basic Customs Duty = 10%
Integrated Tax Rate = 18%
The taxes will be calculated as follows:
Assessable Value = Rs.1000/-
Basic Customs Duty = Rs.100/-
The value to impose integrated tax = Rs.1000 + Rs.100 = Rs.1100/-
Integrated tax = 18% of Rs.1100 = Rs.198/-
Sum of Taxes = Rs.100 + Rs.198 = Rs.298/-
source: https://www.paisabazaar.com/tax/custom-duty/
1912  Local / India / Re: The timeline, What is the current situation of crypto in india? on: August 19, 2022, 02:15:02 PM
I tend to disagree on the part where you said that after the introduction of the recent tax bill new investors have entered the market. New investors never entered the market but a lot of investors have opted out or have chosen the illegal way to trade. This will surely hurt the tax collection that the government was intending to get and might become a problem if too many investors try to use the illegal way.

Well actually he said that since the government of India imposed tax on cryptocurrency trading it became a signal that India won't be banning cryptocurrencies.
Since this seems like a positive news many new investors joined the crypto bandwagon.
There's no genuine way to find this out but this is partially true. It was indeed a positive signal that India won't be banning crypto any time soon.
So "MAY BE" some investors took it positively and invested some amount into crypto.
The taxation part is obviously a bad news though since the amount to be paid in tax was high enough to drive the investors away from crypto.
1913  Local / India / What would be the best way to buy a hardware wallet in India ? on: August 19, 2022, 01:54:39 PM
The title says it all. As far as I know there is one genuine Ledger Hardware wallet "reseller" in India.
But still, the wise ones recommend to directly buy the hardware wallet from official websites only.
Now comes the question what would be the best way to buy a hardware wallet in India.
Also, which one should it be? Ledger or Trezor ?

The second question is if we buy directly from the official website would there be a risk in delivery ?
May be the customs can keep it under their radar or tamper it or raise legal issues against us?
1914  Economy / Gambling / Re: The Biggest Wins with lowest risks in Casino History on: August 19, 2022, 01:43:39 PM
I think the title is a little misleading because it is not exactly the lowest risks. Although these users might have won such huge amounts on those bet amounts but may be the total amount they risked of the win would have been greater.
For example I am placing 1000 bets with each a bet amount of $2 and won $20000 in a bet.
People will say I risked $2 and won $20000 but in real my risk was $2000 instead.
1915  Economy / Gambling / Re: A New Era for Betting - (After Corona Circumstances) on: August 19, 2022, 01:38:52 PM
The virus remains, I am in Ecuador and there are cases of people who are still in hospitals and it continues to affect them, the cold in Ecuador makes this virus stick even more to kill people, it is strange that this is not let the people in the world know, the covid-19 continues to take people, and there are many affected, but despite all that, the world is no longer paralyzed, and it may be good, oepro still continues to talk about this virus.

This is surprising to know that corona virus is still killing. Are the people in Ecuador still in lock down? I suggest corona has gone and the virant which was discovered had already gone, I think it was called omicron. Any other thing now could be high level malaria or what politicians are using to get money from the international bodies. Anyways, I can be said that men has learnt how to live with the deadly disease. We should not be threatened with it or by it anymore.

I wouldn't be much surprised because the covid-19 isn't completely gone. It is still hunting for people in some parts of my country.
But yeah the affect of it is not much these days. It's more or same like a flu. No deaths are occurring due to covid-19 since all people in my country are now vaccinated.
I think vaccination has really helped everyone in standing firm against this virus or we can say it has given us our routine life back.
1916  Economy / Gambling / Re: Duelbits.com | Casino & Sportsbook | Earn up to 50% rakeback | VIP | on: August 19, 2022, 01:18:42 PM
Selling of these documents is harsh truth which we need to realise and don't provide our KYC documents to any fake casino out there which could be risky and in most cases they don't call you but will use your documents for some illegal works over the dark web so we must not provide them to anyone whom we don't trust at all.
This has been the subject of a lot of news. A harsh truth, to be honest. It is for a reason that casinos implement KYC processes to comply with regulations. Among the documents that online casinos prefer to receive are National IDs, Passports, Driver's Licenses, Utility Bills, or Bank Statements. All of these documents are very sensitive and personal. Only share with those who we totally trust, otherwise a biased platform might sell our information to third parties. The majority of the time, I tend to avoid casinos that ask you to drop such personal information.

Even if at all we are asked to submit our KYC details we must make sure that the site is genuine.
Many of the casino sites are fake and are probably running so that they can scam the users.
Casino sites like Duelbits on the other hand is genuine and reputable. We must make sure we provide our KYC details only on such sites which we trust.
Although there is risk since nothing is safe online but the risk is comparatively very low for such reputed sites.
1917  Economy / Gambling / Re: Duelbits.com | Casino & Sportsbook | Earn up to 50% rakeback | VIP | on: August 18, 2022, 03:41:07 PM
I honestly think casinos and exchanges are hitting two targets with one arrow.
By setting a mandatory KYC on their platform they are following the regulations from the government as well as selling this data to other companies for money.
Governments are keeping these regulations for AML but may be exchanges and casinos are using this KYC data for their benefit as well.
We can never know the hidden truth behind this.
As long as there's no blackmail or many strangers asking you for money, I don't think your KYC is being used by other people. Because that's where your data being used and it's a sign if many people already know how to reach you. You may correct we don't know behind truth about this, but at the same time they're getting forced to ask KYC. That's why if you're want to give your KYC, make sure you're already 100% trust with the project.

Well, I don't know about casino sites but I know the fact that there are companies that sell their KYC data to others.
Other companies use this data and calls you with their advertisements. There are also websites which sells their customer data to other companies.
Other companies then show you targeted ads and promotions. Both of this can be possible by casino sites as well.
But yeah you have a point too. Only give your KYC information to platforms which you trust.
1918  Economy / Gambling discussion / Re: Threshold of Loss in Gambling on: August 18, 2022, 03:31:45 PM
It's good that you are taking the losses in a positive way by learning a lesson of how to not chase your losses.
But at the same time the losses shouldn't have gone to 50% at first place. When I say 10% of my savings I make sure to deposit only that much amount for the month.
So that amount is my hard stop and the maximum I can lose. It won't matter if I lose it all in a single day or keep playing with that amount for the entire month.
The next deposit will only be in the next month.

It’s a good strategy, but it seems to me that you are either initially not very involved in gambling, or vice versa, you already have serious experience. I thought so because allocating a budget once a month is a rare event, and if you do not use additional money management (breaking down this budget at least into weeks), then losing at the beginning of the month is very difficult to wait for its end. For example, I am not much involved in gambling and I have discipline but it would be difficult for me to wait even one week if I wanted to play a little.

It is partially true. The thing is that although I have a fixed budget for gambling for the month I tend to use it only when I am craving for gambling.
It's more like an entertainment for me so I deposit the amount when I feel like gambling too much in a particular month.
I am not regular at it but I gamble around 7-8 times a month. So that's why I am having good control at limiting my gambling budget.
1919  Alternate cryptocurrencies / Altcoin Discussion / Re: Best wallet for altcoins ? on: August 18, 2022, 02:51:51 PM
Thinking about long term perspective.
I don't really get the point why you are opting for an alternative rather than settling with using hardware wallet especially if you are looking for longterm storage.

Even though I'm aware that Ledger has had problems with client data being exposed and defective products being produced, they are still a viable alternative, especially if the altcoins you plan to store aren't all that well-known, which I hope they aren't. The only drawback is that Ledger is proprietary, which is a huge privacy red flag. As mentioned by these threads [1], you can also choose an open source hardware wallet.

Because I didn't have many altcoins to begin with, I have personal experience utilizing the Trezor One more regularly than my Ledger Nano S. But if you want to use alternatives like Monero (XMR), you must regrettably get the Trezor T because it is the only Trezor model that supports it. Additionally, third-party applications like Near or any other wallet-type application occasionally have issues with Trezor or may not be supported.

In the end, it largely relies on your preferences, how you want to use your wallet, and which cryptocurrencies you intend to store.

[1] https://bitcointalk.org/index.php?topic=5288971.0

Actually the thing is that I am kind of double minded whether to hold the altcoins for a long term or not.
Someone told me that we shouldn't be holding altcoins for a long term and keep taking profits along the way.
So in that case I would want to hold it in a non custodial wallet. Hardware wallet is good for long term ofcourse.
But if I am not holding big amounts then do you think buying a hardware wallet is worth it ?
Let's say the amount is not more than $1500 or so.
1920  Economy / Gambling / Re: Duelbits.com | Casino & Sportsbook | Earn up to 50% rakeback | VIP | on: August 17, 2022, 02:29:34 PM
The thing related to KYC is not that we are using money for wrong purpose and we can show proof to safe ourselves but most of the players in crypto market fear KYC as they want to remain anonymous and submitting your documents could be risky for them and this is reason but yes if you have no issues then you can withdraw any amount from your account.
Online casinos do not record the use of money from withdrawals for wrong purposes but treat KYC to prevent from AML and following the latest regulations, maybe the existence of KYC will address the abuse of AML in gambling platforms. But non KYC users cannot be blamed for privacy reasons but if popular casino platforms implement then they have no other option to avoid KYC.

I honestly think casinos and exchanges are hitting two targets with one arrow.
By setting a mandatory KYC on their platform they are following the regulations from the government as well as selling this data to other companies for money.
Governments are keeping these regulations for AML but may be exchanges and casinos are using this KYC data for their benefit as well.
We can never know the hidden truth behind this.
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