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June 17, 2024, 08:19:20 AM *
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201  Local / India / Re: ED seize and possess funds from scam is new and unexpected! on: May 03, 2024, 05:47:02 PM
Yeah it seems that the exchanges mentioned in the topic were only being used as mule or dummy accounts to store the stolen funds in and those are the ones that have been seized, the exchanges have nothing bad to do with it.

Indeed this is just the tip of an iceberg of the rampant crypto related scams that were happening in the country at that time. Good to see that at least some of the scammers are facing the music.

Whether this will change the bank freezes or not, not sure. The government still was way more work to do in this sector.
202  Economy / Gambling discussion / Re: How my gambling life started. on: May 03, 2024, 04:46:22 PM
I wasn't really a gambler before; I was just jealous of my friend who often wins; he doesn't even gamble every day. It seems like in a month he only wins 2-3 times gambling,
which if I count the ones he won playing for 500-1000 dollars, the amount of his winning price ranges.
These type of encounters are common and are the usual events that lead up to people getting addicted to gambling. As long as you control that emotion of jealousy and pride and are able to control the greed it will not harm you, because you will only be playing for fun and not playing to make money. The second point is the thing that drives people to gamble - easy money. But it is not so for the players than it is for the casinos.

It might be worth experimenting to check what your friend feels about gambling today.
203  Economy / Trading Discussion / Re: When is the best time to trade a Bitcoin on: May 03, 2024, 04:39:29 PM
As far as I know, the cryptocurrency market is barely affected by traditional financial markets such as stock markets, and you can't expect to have a pump or dump in Bitcoin's price or in the cryptocurrency market based on the opening or closing of those markets, and if someone sees something like that happening some day, it might be a coincidence and one should make a strategy out of that because if it doesn't happen all the time, the strategy might fail.
Usually there is no relation between them unless you are trying very hard and attempting to link them all, which leads to paranoid outcomes. While a big economic news will affect most markets in general, there are often contradictory movements among different asset classes.

Hence there is not best time to trade, but starting is important but waiting for the correct price to start as is also important. Stocks will not fluctuate that much as crypto does on a day to day basis. Starting it off is the most important thing though. Buy low and hold it for enough time to allow it to profit and then sell.
204  Bitcoin / Bitcoin Discussion / Re: Do not get discouraged by the current price of Bitcoin on: May 03, 2024, 04:24:28 PM
Post halving events are certainly testing our patience a lot most particularly for beginners. And even if you fall from it, that’s still fine as long you will not repeat doing the same mistake again the next time you invest and hold for long term.
Post halving patience testing is one way to put it. Definitely this has been the least action mixed halving till date and people are thus panic selling or panic buying at the wrong times making the prices go haywire. However the overall movement has been positive as of todays date as bitcoin is climbing back up to 61k USD and moving in the greens. Still these movements are all temporary and opposite side movements will not be uncommon. This is one of the facts that bitcoin investors need to get in their heads. The short term volatility is high and panic or FOMO will only lead to bad outcomes.

The decision to invest or divest from bitcoin should be taken after long term charts viewing not just today and yesterday's price.
205  Economy / Games and rounds / Re: 🔥 BC.Game - BTC Price Prediction ' May 05 | WIN $50! on: May 02, 2024, 03:56:01 PM
Second prediction - $57,141
206  Economy / Gambling discussion / Re: Gambling Is Legal In Our Country But if You Promote It Online You'll Go To Jail? on: May 02, 2024, 03:07:46 PM
Yeah, I think weird is exactly what you can call this but I normally see this kind of behavior among some Muslim and asian countries and the perfect example would be Korea, they are very limited to what is happening and social media at large and I believe there are even result of people being arrested because of such habits of even posting their things online not to talk of gambling related content, I guess your jail sentence will be very certain.
Their objective might be control of online spreading of gambling and gambling related affiliate content out there. Most of the religious sects will abhor gambling and it might be related to those in such countries as well.

After all people will still gamble even after governments put restrictions on them by some or the other bypass methods. So just let these bills come and go, they dont really make an impact on the people. Online gambling is so easy and accessible to common people even minors today.
207  Economy / Gambling discussion / Re: Get one btc right away or 5 btc with a bet? on: May 02, 2024, 03:04:24 PM
If I lose I'm still set for life. If I win, I can buy myself a summer home in hot climate and get something tangible out of it.
You might be set for life but the rest of us are not and indeed for us all, 1BTC is a big amount to throw away without any catch involved instead of attempting to gamble it for 5BTC which you chances are lower already.

The safer methods are often less profitable but a re guaranteed, in this case there being no catch involved, is always the preferred option. Keeping the "Poor man" mindset often works better because you appear poor in front of others, they dont need to know what you are actually doing in the background.
208  Economy / Scam Accusations / Re: Legendary Memeber defaulted 60$ Loan [chaser15] on: May 02, 2024, 02:41:40 PM
It would have made more sense to try to sell it to someone else, no? I thought Legendary accounts were sold several hundreds of USD on some local boards. I was maybe wrong, but if not it's weird to only exchange it against $60. We still see many spammers here, some of them are now using AI tools for posting, so I don't think it became so difficult for them to find some signature campaigns actually.
The scammer has essentially sold their account for amount of 60 USD. Previously accounts were accepted as collateral but then the defaulted loans would mean the account went in the hands of the lender and they could do anything with it. Eventually this practice was shunned and only valuable items were accepted as collateral.

In this manner the user obtains a lumpsump (of only 60$) by sacrificing one of their accounts. Pretty heroic (not). That person should be ashamed of their actions.
209  Economy / Scam Accusations / Re: Legendary Memeber defaulted 60$ Loan [chaser15] on: May 01, 2024, 04:56:22 PM
He just ruined legendary account from 2015, but account probably changed hands since than.
You see the strategy here is that they had multiple accounts running signature campaigns and earning from those triple of quadruple of what the honest users have been making every week. Previously it was easy to gain activity without merit and rank up all these accounts.

Now as merit is in place, they cant rank up their new alt accounts to easily, but their spending habits have not changed, so they need quick money and for that they make the lenders their scapegoat and milk out money from them.

If you think of it like that, it makes complete sense as why they are destroying their old accounts at a cost and running only one possible legitimate account for campaigns.

Flag supported from my end.
210  Bitcoin / Bitcoin Discussion / Re: Do not get discouraged by the current price of Bitcoin on: May 01, 2024, 04:49:46 PM
Since the price is seeing new lows after the all time high and this is just the start of a month, there is panic selling happening with the dumping and making it seem its all going bad. This is nothing new and it will happen in every bear run.

You cant stop people from saying bad and from dumping their coins at a loss during such periods. Our target is to increase our stash of coins and hence we have to buy at the low when the dropping rate aka deceleration reduces, so you will be buying at a discount from the weak hands.

Let the prices fall, make money from prediction games predicting these losses and dont fret, because cycles are the normal thing in crypto. Cool
211  Economy / Gambling discussion / Re: The first online cryptocurrency Casinos, when/who? on: May 01, 2024, 04:43:52 PM
A simple search resulted in this website having some lists:
https://www.cryptolists.com/learn/bitcoin-casino-history/

It says that in 2012 the first bitcoin casino that was launched was satoshi-dice. It is safe to say that rest of them came out after this one. I remember back in 2016 when I joined, yolodice was going to get shut down in the next few years while primedice was going to the top with bitsler being the upcoming popular one.

Above site gives a lot of insight in the early days, worth a read.

Edit: Oshosondy has already linked it, but that text after the link made me scroll past it. Grin
212  Economy / Gambling discussion / Re: Paper Betting- Would You Consider it if you Were to Start Sports betting Again on: May 01, 2024, 04:35:37 PM
Okay, so gambling without using a real money might be differenet from gambling that you risk a real money, but paper betting* is still very useful to us gambler as we test the water before we actually do gamble. If your result is positive, meaning profitable, that means you are good at choosing the winning bets, but of course it doesn't replicate your actual experience, however, since you have achieve positive result already it is a good sign that you can achieve that when you are in actual  gambling, you just have to control your emotion and be discipline all the time.
The difference is that it does not guarantee what is going to happen in the future. You might win or lose some paper bets, but the upcoming bets where you are wagering in real money might not be all wins. Testing the game and all might be one thing but this is what is different from paper trading.

Of course in sports betting where skills are involved they can be like practice bets. I am not sure how much it actually helps though. Most gamblers are just ready to jump in without thinking.
213  Economy / Service Discussion / Re: Does your Sig-Camp Manager counts gambling posts that moved to off topic on: May 01, 2024, 04:31:47 PM
Luckily, My manager is one of the best manager that consider effort of post when this kind of shit happened. You’re that 1 missed post is worthy for a consideration to receive partial payment due to the effort done.
I still dont see the reason not to do some extra posts in sections that you normally visit. A number of surplus posts are only helping the site that you are promoting and in case a bunch of your posts get moved you have some buffer to save yourself from missing out a week's payment. Managers may be generous in this regard but participants should not take their generosity for granted.

I usually keep a count of my posts every few days and before the week ends so I am making extra posts beyond my weekly quota.
214  Economy / Games and rounds / Re: 🔥 BC.Game - BTC Price Prediction ' May 05 | WIN $50! on: April 30, 2024, 03:48:33 PM
First Prediction - $55000
215  Economy / Trading Discussion / Re: Should trades be closed only when the market is bullish? on: April 30, 2024, 03:35:04 PM
A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
Thats called FOMO and the selling that occurs when bitcoin value drops a lot is the opposite of it. This is common and something you can see during every cycle.

The thing to take advantage of is the high selling price that you can get when the price is at the top and people are FOMO buying, so you can dump on them at a high price and hold that USDT for when the price drops, people will panic sell and you can use the USDT to buy at a discounted price.

So yes trades should be closed/sold when the market is bullish and opened/bought when the market is down.
216  Bitcoin / Bitcoin Discussion / Re: Suddenly I'm curious, do I need to pay taxes on Bitcoin income? on: April 30, 2024, 03:32:06 PM
Follow what your country's taxation policy on bitcoin is. Most countries have taxes on Capital gains which incurs when you sell an article and your have some gains from that trade. If you need help, get in touch with a chartered accountant and they can help your file your returns. Dont ignore taxes because they will hunt you after years for unpaid taxes.

Some countries have exuberant taxes on bitcoin, I wish these governments would improve their outlook for once.
217  Economy / Gambling discussion / Re: Sports betting for reality not club affection on: April 30, 2024, 03:26:54 PM
Favoritism in sports is a common thing and in the European countries this fanatical nature is well documented as is in baseball games in the United States. These are part of the league thing and bookies are the only ones getting rich out of it.

Many sports betters start out as sports enthusiasts, this is a difficult path to take for them, because of the emotions involved here being too intense to channel them towards something profitable. If they get emotional and dont use the calculative intuition of being a pro gambler, they risk losing money.

However this is tough for club lovers.
218  Economy / Gambling discussion / Re: Your favorite to lose slot game on: April 30, 2024, 03:20:25 PM
Slots are one of those games that are very attractive and colorful with cool sounds. But they are EV- games and that special feature unless you hit it and make a good run with it you will not be making much money just by the general spins. In other words, slots are designed to make you lose money. There are some gambling youtubers who are based completely on slot machines and they are fun to watch indeed.

However new themes come out every few months and thus the craze for slots never ends.
219  Bitcoin / Bitcoin Discussion / Re: If someone you introduced to BTC says the risks of her funds is on you on: April 29, 2024, 09:22:04 AM
I would not go to that extent to make my friends or family invest. If they wish to do so, I can guide them. You should make it clear to your friend that the long term prospects of Bitcoin are good but in the short term losses may be incurred and that you as the friend will not be responsible with.

Be very careful when advising people financially. They will pin their loss on you and then you will be in a soup.
220  Economy / Trading Discussion / Re: TRADERS are not UNEMPLOYED on: April 29, 2024, 09:16:37 AM
Some people take trading as a full time job. But the number is few and most don't even come to the public or reveal this aspect of their life, they might be your random garden man or the regular chap on the bus to work, in other words they remain invisible to public eye.

The main point is still whether the trader is using their trades funds as major source of income or other hustles to fund their trading. Being employed is not the term I would apply here, though. There is no legal binding in trading unless you are doing it on behalf of a company.

That said there are traders who have other employments too so they are not unemployed.
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