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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?
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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.
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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. |
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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. |
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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. |
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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. |
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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=5288971.0Actually 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. |
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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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Wow, I never knew this was the story behind FedEx. This is quite interesting. Although not everyone has such a good luck especially in these kind of situations luck really favored Smith.
Also, it was his smartness at that moment that he decided to stop gambling more after winning $27000. May be he could have lost it all if he would have gambled more.
He made the right decision to invest that amount into his company and the growth he is seeing in his business these days is due to his smart work. He deserves it.
That's true that luck are sometimes hard to attract or find when you badly need a money and then you gamble your last money, usually you can only lose but not for this guy. Despite knowing that the 27k was still not enough to get the business running properly he still discontinued gambling and invest the money on his losing company. Luckily he overcome its issue that time, making the company running smoothly again. If those winning moment happen to other normal gamblers I think they will get overwhelmed and forgot their true purpose on why they gamble and want to earn some money but they will continue till their wins turns into a loss. That's exactly where most of the gamblers tend to make a mistake. They don't quit while they are in profits. They keep playing and eventually lose. If at all most of them start to quit when they are in profits then casinos will turn out to make losses instead. |
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Throughout the years I have just been holding bitcoin and ethereum in a non-custodial wallet but now I have decided to diversify my portfolio.
There are a lot of potential altcoins out there and I have picked up a few. Storing altcoins on an exchange id obviously not the right thing to do.
While I know that hardware wallet would be the best place to store altcoins I want to know other options as well.
Thinking about long term perspective.
1. For now, I have been thinking to store them on a non-custodial wallet but then again which wallet should it be ? My choice would be Exodus but let me know which one is best.
2. Would it better to store different altcoins in different wallets or decrease the hassle of maintaining different wallets and settle down with just one with all the coins.
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I started a small business on exporting rice in my town. It's been several months and everything is going well. All my customers are happy with the service. So to make things a bit more interesting, I've decided to accept crypto as a payment method. I have designed this business card of mine, and I'll be handing over this to my customers.  In the beginning, I have decided to stick on Binance pay, and BTC payment. The BTC address is in the QR code on the business card, and also with the PAY ID for Binance. Universal token transaction will be done through pay ID and BTC could be transferred too. For those who want to pay with other method, can choose BTC address. snip I gave it a good thinking and have implemented this in my business. So I want to know you guy's opinion in this. Feel free to suggest me more secure options and how to improve this. Thanks a lot in advance. It's great that you have decided to accept crypto as a payment but keep in mind about the taxes that you will have to pay for those payments and also verify if crypto can be accepted as a payment method in your country. You wouldn't want illegal payment issues coming to your way. Also, you haven't mentioned anywhere on your card about the cryptocurrency that is being used. Do mention that only bitcoin should be deposited to this address otherwise the funds be lost. |
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Are you sure that's the coin name ? I tried to search the coin with that name but was unable to find it on coingecko and wazirx.
Besides that, what does your investment has to do with wazirx. I mean if the coin is crashing that's not the exchange's fault.
It is mostly because of less demand unless and until that coin is only available on wazirx.
How do you say there is no relationship between the coin and the exchange, the WazirX (WRX) coin was founded by the exchange team, so if the exchange is in trouble like what is happening now of course investors and exchange users will withdraw from trading and investing. Yesterday I invested or more clearly bought a coin (WRX) worth $0.8, now it has dropped to $0.2, who doesn't have a headache, hoping to make a profit instead of stumbling. Again, something that is misleading, WRX didn't drop from $0.8 to $0.2 overnight. It took around 4 months for it to drop to the current price. Now that's enough time for someone to sell their coins and buy them back. That's not wazirx exchange's fault that the market conditions were bad. Almost all the coins have been dumped in the last 4 months and that is not because of any particular exchange. |
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Gambling indeed gives us a wide range of feelings since it involves our emotions at peak level.
We become happy when we win, sad when we lose and angry when we chase losses.
Talking about my feeling from the last 10 sessions it was moderately okayish for me.
I didn't lose much nor did I win much. So I was kind of excited to comeback in the hope to win something the next time.
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Many of us who play casinos, suffer more or less. Many are blaming it again that it is a money-losing machine. In this regard I would like to share a success history by playing casino game. It is only for knowing the truth especially those are don't know the fact.
Many of us may know the name of an international courier service known as FedEx. This courier service company headquarter is in Tennessee, USA. FedEx currently distributes about 1.2 billion parcels a year in 220 countries with an annual revenue of about 3 billion. Smith, founder of FedEx, started his business with 84 million us dollar. At that time he started operations in 35 countries with 8 planes. But at one stage, the price of plane fuel increased and that contemporary time courier service did not become very popular. His company is on the verge of bankruptcy. Smith come back to Las Vegas feeling sad. At that time Las Vegas was known as the capital of casinos. He had only $5,000 when he entered a casino with a depressed mind. His destiny was revealed. He earned about $27,000 with in a week. Smith come back to FedEx headquarter and invest his money on his company even though his money was not enough to run the company but with his hard work and enthusiasm he arranged to send all the parcels. in this way he established his company.
This is really a good success of smith as well as FedEx with the favor of Casino. By the way, i am not sharing it to encourage anyone to the casino.
Wow, I never knew this was the story behind FedEx. This is quite interesting. Although not everyone has such a good luck especially in these kind of situations luck really favored Smith. Also, it was his smartness at that moment that he decided to stop gambling more after winning $27000. May be he could have lost it all if he would have gambled more. He made the right decision to invest that amount into his company and the growth he is seeing in his business these days is due to his smart work. He deserves it. |
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Since it has already been mentioned that Macau is hugely dependent on the revenue from casinos it is quite expected for their government to keep the casino operations active.
Besides that, a huge number of people, in fact, more than the deaths from covid-19, people have died from hunger globally.
So it's better for the people of Macau to continue their daily activities while taking the precautionary steps to fight this disease.
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I think that it is important not only to have all sorts of bonuses or hold some kind of promotions in order to attract as many customers as possible. It is also important that the casino has as many options as possible to play different games. For example, of course, there should be classic slot machines. And of course there must be a roulette wheel.
By the way, equipping a casino, including the creation of interiors and the purchase of equipment, is quite expensive.
Most of the gamblers these days are preferring online gambling with the help of cryptocurrencies. This has made their life very easy. Casino owners have also moved from hosting a real casino to creating a gambling site online. Almost all the gambling sites are giving bonuses and promotions in the beginning to attract new users to their site. 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. |
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~
Again, that depends on person to person but for me I would never gamble more than 10% of my savings.
So that's my threshold limit in gambling.
10% is about a right threshold, in my opinion. It is like the maximum one can lose without suffering too much from it. Only don't try to chase your losses because those 10% can turn into 50% and more, like I did yesterday, losing with that 6 times more than I could afford to lose in one day. I should have stopped after reaching my threshold, but I din't, and I even glad I didn't win in the end, because I wouldn't learn my lesson from this then. 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. |
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That is very true. We have all seen how China has banned trading cryptocurrencies in China quite a few times in the past.
They have also banned all mining operations as well which has also resulted in huge dumps in the beginning.
This certainly shows how China is actually against cryptocurrency. Japan on the other hand is technology friendly and is also leading the tech space.
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That's really amazing. In fact, we can say that you are one of those people who is helping in making crypto adopted globally.
As time goes, we can see that every year there are some people who is promoting the usage of crypto as a payment.
If this keeps growing every year we can surely achieve the milestone of making crypto as a globally accepted payment method.
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Wow, that's really good to see people are still helping their friends and relatives to get into bitcoin. Due to the FUD happened recently bitcoin was dumping a lot.
This made many people to panic sell their coins and some are even afraid to invest in bitcoin again.
But it's good to see there are also people who are ready to grab this opportunity to invest in bitcoin.
Do make sure that your friend is aware of the risks associated with investing in bitcoin and also why he shouldn't share his private key to anyone.
Let him know the dos and donts of investing in bitcoin.
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