There are many crypto exchange platforms available in india but with my personal experience Wazrix is the best crypto exchange platform with easy and effective interface.
Wazirx "WAS" one of the best exchanges until few months back but currently it is not so great in my opinion. It is not allowing any INR deposits currently and is encouraging only P2P transactions which is a hassle if you want to trade with bigger amounts. WazirX is also being investigated on some kind of fraud case involved with money laundering. So while these issues persist I wouldn't recommend WazirX to anyone. In fact there is no good crypto exchange in India for now. |
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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.
I also think the same because the above wins are not for 1x bets but hundreds of bets that have been played without duration during the game to get the jackpot. Many risk warnings have been missed because details about risks are not explained in the contents of the post. But the important point is that it doesn't matter how low or high each bet is because anyone has the opportunity to get a high jackpot and potentially even enter the top 5 list of the highest wins, but don't forget the risk of losing high capital without us knowing the real facts of the highest winnings above. Following these important opinions, then, it means that if it is possible to place bets on a slot machine like this, when does this type of promotion exist? Well, making 1000 bets with 2usd is something that seems very smart to me because you are covering the losses completely and it is impossible for those 1000 bets to lose all of them, I wonder if you change your bet to 4usd then it will be much more money than you would be winning. But I have a doubt, if bets are made with these patterns, will the site not see this strange behavior? because it is very similar to the behavior of an intelligent bot. If a player has 3 thousand dollars and he wants to spend it and it doesn't matter if he loses it, if he splits it in 3 days, playing exactly the same, isn't he considered suspicious? A player following his emotions the game will make him change his bet to be more than 1 dollar Is it just creating a situation that can arise, sometimes casinos can take these behaviors to track players and possibly ban them? It does not seem possible to be honest, that is a very large number of bets from just that amount. There has to be some condition of the need to continue playing until the house has some chance to recover from the bonus or advantage given. It is just a idiosyncrasy of this industry to make sure the house simple does not ever loose on an average of deals. I think it is possible to place that many bets but it would eventually turn out to be a loss for us. Since the house edge is on the casino's side more than 50% of the bets we make will turn out to be a loss. Even if we win few big wins but the overall loss will still be higher in normal circumstances and hence the casino will remain in profit most of the times. This is how casinos stay in profit otherwise most of the casinos would have been shut by now. |
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I do not think that I have ever bought lottery tickets before. Maybe I did it for fun back in the day, I am not entirely sure about it, but I usually never buy it at all. You get it by gambling anyway, so I gamble anyway and I get it. This isn't just regular weekly neither, you get golden tickets as well which goes for lambo which is of course a small chance but it is good to have. What people do not realize that if you combined the weekly lotteries and the 10 prizes they give away, that is usually nearly as much as the lambo when you combine it all.
I mean over a quarter bitcoin per week, 1 bitcoin per month, which is about 6 months per 6 months which is lambo time. Right now that is 120k, but there were times when it was more. So, I assume it is not really that far off.
I have the same logic in my mind because for me it doesn't make any sense to buy lottery tickets when you are getting it free of cost. People have won lottery with just a single digit number and people haven't won't anything despite holding more than 50k lottery tickets. So it doesn't really make any sense to buy lottery tickets unless you have some spare load of money which you can spend lavishly. |
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Recently I got to know that a new blockchain forum, specifically it's a India based blockchain forum that has been created. This forum has been created with an idea to collaborate with the government on verticals such as CBDC, Metaverse and NFTs. Currently around 40 influencers have joined this forum. I wasn't able to find the name of the forum though. None of the articles has mentioned the link of the forum too. What do you guys think about this forum ? Source: India blockchain forum plans to chart future with governments, regulators |
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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 ?
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. Well that’s logical, the odds are tiny because everyone understand it will end in the same scale and everyone would be winner. The Share will be tiny but it also depends on how much have you invested in that scale? If odds are tiny then it becomes bull investment while on the other hand if odds are big and multiplier is huge then definitely you need to hold your horses while investing. The second would give you lot of money but risk is at its best. However, in case of FUN, it’s really making smaller moves so I bet it’s more than okay to invest in bulk in the bottom odds. Easy profits. Easy profit for FUN tokens but they could be very small too because if you look at the ranges, $0.007501 - $0.010000 is at @1.24 odds only. And 3 days remain before the close of the market. It seems that very few people think bitcoin won't dip below $20k. The odds for $17500 - $20000 are 10.5X which is really great. If bitcoin price falls in that range people will be really lucky. But I am skeptical about it too. Since the volatility is huge I didn't place any bets this time. I'll just watch how this one turns out and place my bets on the next round. |
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While gambling online is a great option there are also fake casinos who offer huge bonuses to scam their users.
We at least didn't have fake casinos in the real world.
If you want to be sure that you're playing in a legit casino, check the reputation and reviews about the casino established casinos have promotions and good reviews and feedback coming from trusted casino reviewers, and only play on casinos with announcements here, there are few casinos in a real world because they are under compliance and the authorities are taxing them, they have their license revoked and stop their operation if they scam their players. Yes ofcourse, since there are regulations in the real world there are less chances of getting scammed by a casino. If there would be some entity which would regulate online crypto casinos then may be the scams would drastically decrease. But since crypto is global, it's harder for a global regulatory body to exist hence we rely more on user reviews which is actually good. |
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The only difference on people in social was they don’t care about privacy while people on crypto are those user that very private and doesn’t post personal details there. We can assume that the majority of crypto user preferred to become private that’s why they choose to use crypto instead of the normal fiat online casino. I agree that there’s no 100% privacy because of the regulators always want know all the customers on all business. Time will come that crypto currency and casino will not gonna enjoy same privacy like we are experiencing right now.
But I see a lot on social media, especially Facebook, that provides information about crypto, there are even some of them that provide analysis about crypto. When they use social media, they are trying to attract people in their circle of friends to join so that they often share their activities using crypto. Maybe those who often play crypto gambling do not too often share their moments when playing gambling because it will depend on how their government regulates it. But I think now, privacy has no meaning anymore because with so many people sharing their moments enjoying their time, it means that what they share has become public consumption. In my opinion there are 3 kinds of people posting about crypto on social media. 1. The people who wants to earn something by getting referrals on platforms they are on 2. Scammers who want to lure newbies into some kind of get rich quick scheme and scam them 3. Influencers providing analysis because they have bought those coins and want it to spike and profit out of it Other than this there won't be anybody posting about crypto on social media if they are true crypto users. |
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That's really nice. To be honest though, except for the first day, I never actually won anything except for the 0.05 locked BCD. I would have spin the wheel so many times but I always get the 0.05 BCD. This makes me think that the old wheel was so many times better than the current one. At least I would get other coins like Tron, XLM, Doge from the old wheel which I don't get in the new one. Don't take my words for granted, I think that wheel depends on what we wager... maybe it's just my feeling, when I am inactive for days I also get 0.05 BCD locked, when I am active I get higher prizes. I am still far away from a mega spin, but as I said, some friends who are spinning mega get good rewards every day, even when they are inactive... ...
I still haven't had any luck with the rebrand of the wheel; I always hit 0.01$ which is locked and needs to be wagered 400x to get unlocked. But it is free and one day I migth get lucky. On a side note, requested a TRX withdrawal and received it in less than 2 minutes which is nice! On a side note, I never had any problems with withdrawing money from BC! I used to use VPN, and I play with different coins... but I am Gosu there, and Efi will solve any trouble with BC as long as we play honestly! Chris was active in Gosu group for a while as well, so I guess we have some special treatment (or I like to believe in that  ). There is definitely randomness to the bonus wheel. However, the odds of getting a higher reward do increase with higher wager amounts. Not by much, though. There is always the chance of getting the dreaded 0.05, 5, or 10 BCD. Anyone who plays at BC.Game and pays attention to the wheel knows that locked BCD is a very common reward but there are hundreds to thousands of players that get very nice rewards every day as well. No matter their wager amounts. I just wanted to clarify that, No, it is not predetermined outcomes on the bonus wheel and Yes, wagering does have a slight influence on the rewards odds. Lastly, Yes, iv4n, you are special. Your reply makes a difference. It gives me faith on the wheel and will keep me motivated on trying my luck. It's not that I want free coins but it's the feeling of winning a free spin wheel that makes me spin the wheel regularly. |
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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.
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.... 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 ? |
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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.  It is refreshing to see that even Monks are adapting to society and modern world now.  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. 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. |
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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.
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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 HERENow 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 |
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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. |
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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. |
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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 ?
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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. |
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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.
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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 ) 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. 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/ |
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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. |
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