I think OP entered this forum because he did a research about 1xbit and find out many people talking about the scam accusations about that casino. It's nice that this forum help potential victims to avoid scam sites like that. Which casinos are overall loved around here?
Which one is safe to deposit my money on?
Which one is your personal favorite?
There are a bunch of casinos here that are recommended by others above this post so I won't repeat it, Most of those casino gained good reputations here by having problems fixed, Introduced their signature campaign to market their casino, having nice games and sometimes nice promotions in this forum and their casino. Which one is safe to deposit my money on?
Everything that people recommended above are basically safe to deposit I guess since they are all casino. Just don't store your funds, Play with them and withdraw it on your liking. Which one is your personal favorite?
I really don't have my personal favorite, I just play on trusted casino that have the games I want. |
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I can say that bitcoin disappointed me. But wait, not from the context you are coming from Op, it is from a different context. The context that bitcoin failed to hit $100k. Assuming bitcoin was able to touch $100k, many people wouldn't have been greatly affected by the current bear because they must have been off the market by now.
Also people that but as high as $60k and above are very much disappointed by now. I don't know for El Salvador, they could also be disappointed.
People are just so hyped up last bull market that they expect bitcoin can go straight to $100k. Bitcoin reaching $69k is a big achievement last bull season and people expected more so they got disappointed because of their entry price I guess or they take a loss on bitcoin dropping value. There's no need for us to be disappointed in bitcoin, The market has a cycle and we are in a season where people will get liquidated and the only ones who will survive is the one who is smart taking advantage this bear market. |
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The precarious cryptocurrency market has been made worse by cryptocurrency lender Celsius' June declaration that it is banning withdrawals owing to "extreme market conditions." Following the market meltdown, crypto hedge fund Three Arrows Capital might possibly be insolvent. Three Arrows Capital has entered liquidation, worsening the crisis gripping the whole world's market for digital assets. Three Arrows was is also considering alternatives including the sale of assets or a firm's rescue. https://news.sky.com/story/crypto-hedge-fund-three-arrows-capital-plunges-into-liquidation-12642402With the continuous downslide of the Bitcoin and the crypto market at large, is it too soon to say that we might likely be witnessing the end of it all? End? The thing I could think right now that make bitcoin end is if no one use it which will be impossible or all of miners stop mining which is also impossible unless a world threat arrives like a meteor hitting the world that could end us all. Even if all government ban bitcoin, I'm sure someone will still able to use it. We've experience news and situations like these in a bear market like we currently have so it's basically normal to have negative news about bitcoin from time to time now. Bitcoin have seen downslides like these before but where we are right now? Still using bitcoin  |
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Congratulations in your winnings! I haven't tried winning on that kind of level or even tried thinking about doing it honestly. x500 is my best multiplier win as far as I remember and I'm pretty nervous that time since I'm manual betting. I'm sure that the experience you get is pretty good even though its an automatic bet. Seeing the data's, your technique is somehow profitable. I hope someone came from this thread do this challenge. This is a good achievement in my own opinion.
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<snip>
Satingin ko possible pero malaki ang chance na hindi naman ito mangyayari since nakaabang na din ang binance sa requirements para makapag operate sila ng bansa according kay CZ. Remember, Ang nakaupo ngayon bilang presidente ay open about crypto there's a chance na pati ibang naka halal ay may alam din sa crypto. At anjan lang palagi ang mga "crypto experts" para lapitan ng officials natin for advices and recommendations. Let's just hope na maging pabor sating Pilipino ang mga magiging desisyon ng gobyerno natin.
I wonder kung meron na bang officially recognized na "Crypto experts" ang gobyerno natin para lapitan ng officials for advising purposes. Agree ako na malabong ma-ban ang Binance sa bansa, kahit ngayon man o next months/years. Though may possibilities nga pero malabo parin, sa ngayon handa naman ang Binance para sa discussions to make it more legal to operate in PH, at sabi mo nga naghahanda na sila ng mga requirements nila to comply. For sure walang official recognized as "crypto experts" pero ang lalapitan nila is may background na sa crypto at ilang taon na gumagamit nito, Hindi ko lang alam kung pano nila ito marerecognize or ma vavalidate pero satingin ko by referral siguro ito just like what other positions are. Yep, I think It can serve as a warning para sa mga nag ooperate ng exchange dito sa Pilipinas na kumuha ng requirements at maging legal. Baka next bullrun baka maging strikto na sila in crypto exchanges dahil sa potential massive income na makukuha ng bansa dito. Malabo pa yan, maliit nga lang ata ang Datos ng mga Blockchain experts sa ibang bansa, eh dito pa kaya. Posibleng meron pero sa tingin ko limitado parin kung ang sinasabi mong experts ay yung katulad ng mala Antonopolous. So far sa mga bagay na iyan ay limited parin ang bansa natin, kung meron man for sure they are not much involved sa politika. Ang "crypto expert" term ay lalabas yan once na gumalaw na ang gobyerno at nag lapag ng big news sa bansa natin about crypto. Ang media at ang gobyerno natin ay possible na mag labas ng statement na ang kanilang desisyon ay galing sa isang "crypto expert" which is debatable saatin since di mahirap malaman kung expert ba talaga. They are supposed to level up the "title" of their advisor para ma bigyan ng validation ang gobyerno natin once na gumalaw sila. Di naman nila pwede sabihin na humingi sila ng advice sa isang crypto user lang. |
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What are your current opinions on the cryptocurrency market?
Our current market scenario is uncertain, It's pretty hard to predict the market for short term at least. There are many speculations about bitcoin price that it can reach 10k with a guide chart also there's someone I saw presenting a chart that it could go recover anytime from now since it failed to dip more. It's hard to tell where bitcoin and crypto will go so what can we do know is to just prepare on what kind of market situation we are heading to. We can do what whales do, Buy some assets that has a future. |
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...but bitcoin is the right pick if you just want to leave it there and be able to sleep comfortably at night.
And yet, there are hundreds (or even thousands) of people that prefer not to buy a single satoshi and purchase and hold literal useless tokens with food names, dog names, memes and names of billionaries. Have these people sacrificed their sweet sleep hours in favor of embracing greed or is it a case of credulity? Most of those guys who literally buy useless coins are just here in the space for profits. I remembered the time when Elon Dog coins where so hype that most of my friends who are new to crypto bought dog coins and persuading me hard to buy and join them, I told them what can happen soon but they still insist it. The conclusion is they lose money from all the hype. I literally told them to just buy bitcoin and sadly no one believe me. Bitcoin is hella reliable in terms of security and given the gap of market cap of btc to other alts whether it's bull or bear market, It's obvious on where should we put our money on. |
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Source: https://bitpinas.com/regulation/dept-of-finance-crypto-tax-by-2024-philippines/Guys pabor ba kayo dito sa proposal ni Department of Finance sa BBM administration na mag implement na crypto tax dito sa Pinas? Eh sa akin lang ha, wala pang clarity kasi regarding sa crypto regulation dahil prone tayo sa mga scams. At isa pa kailangan i-address dito is yung incident na ma rug pull or liquidated tayo in the future at paano sila mag ta-tax sa atin dito? Ano ang opinion nyo tungkol dito sa crypto tax proposal ni Department of Finance? Maraming salamat in advance. Opinion ko lang dito boss, medyo malabo maimplement agad ito. maraming pinoy parin talaga ang hindi willing mag bigay ng tunay na income nila sa crypto. siguro yung mga wallet na gamit natin mapapatawan na tayo ng tax. pero yung yearly tax katulad ng mga negosyo na may stablishment like tindahan kasi nag bibigay sila ng resibo di sila makakatanggi. pero sa crypto, mahirap yan kasi sigurado di lahat mag diklara ng income nila. pero why not, yung US nga napaka higpit nila pag dating sa ganitong financial income. well let's see in the future. Yep, satingin ko din matatagalan pa ito pero hindi impossible na marequire tayo mag submit ng tax declarations natin sa crypto. Isa sa naiisip ko na way ng gobyeryo para mapatawan tayo ng tax is if mag labas tayo ng pera which is PHP sa mga PH based wallet or exchange na registered na dito sa pinas. Hindi ito madali ma implement pero very possible nila ito magawa. Maraming way para makaiwas o mabawasan ang tax ng legal lalo na at nasa crypto tayo. |
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That's much better because the government itself owns that 100% entirety of the casinos all over the country and its mandate was to be controlled and report to the Office of the President. That said $600 Million or ₱30 Billion was the revenue of the 1st trimester and not the whole year so imagine how would a country benefit for that whole year, unfortunately, I think that funds was already exhausted because Covid-19 wrecked havoc in the following year.
Not that totally exhausted because lots of gambling firms under the regulation of PAGCOR were also hyped during the pandemic and one of the popular ones is the e-sabong. Because of the hyped on these games, the government was able to sustain the revenues coming from gambling. As per the report, E-sabong gives the government Php 642 million a month. Imagine, it's a billion figures in just a year, and take note, physical casinos are not even operating and this revenue is just for e-sabong alone. What's more, if it includes other gambling? That gives way for the government to continue providing funding for hospitals and medicine-related stuff aside from the usual spending on infrastructure for example. That's how well the gambling industry here in PH that's why taking down illegal ones are a priority. Yes, right! Sorry, I totally forgot about E-Sabong's existence in the midst of pandemic, that surely helped the government to sustain the economy and revenues despite almost all places that could produce revenues are closed at that moment. Php 642 Million a month? That's already 1.2 Billion pesos in just 2 months and I think E-Sabong has been around for 2 years+ if I'm not mistaken. E-sabong is quite famous in Philippines but I didn't know that the revenues are reaching 642 million pesos a month! Just wow! E-sabong really helps the government in terms of income but there's a lot of issues and it's currently banned in Philippines right now. As far as I know they did try to re-operate by using cryptocurrency as mode of payment. I've heard that the operations are done underground according to my friend who is an agent in e-sabong before. Imagine how much money did the operators got from the operation of e-sabong. |
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I personally think that bitcoin can go lower but I did buy at @19k just to be safe incase bitcoin doesn't go on what direction I expected. I spend 10% of my whole bear market budget to buy at 19k since it's one of my buying point. This way I wouldn't regret if bitcoin goes up entirely. Accumulating now would be the best thing you could do or not  Catching the bottom price doesn't work every time and believe me it's very hard. Just buy on big supports and never look back. |
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Gamblers around the world use crypto and bitcoin to play the bets. Do they really care if the bitcoin prices dump hard? I know traders are directly impacted by this dump, and investors are also in panic but what about gamblers. Their motive is to play gamble and they may not be a concerned if the price of bitcoin is declining sharply?
It will depend in the gambler I guess but in majority of them, I think they are pretty affected by the dump especially if they keep their gambling funds on the casino and comeback to it when they want to play. Some gamblers bought btc using fiat and expect to earn more fiat from it, Given that bitcoin dumped they are obviously on loss in terms of value. This could also put some pressure on gamblers to regain the losses on value by just winning and accumulating some btc to have a fiat value profit. |
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Well, at the end of day it depends on how good or bad gambler person is. Personality makes big role in this discussion and not all employees have same mental health to think rational due to nature of gambling. Someone can run away with my hard earned money after gaining my trust while someone else can use it for personal life without bad purposes. Even if person wanna gamble and ask loan to fund his casino bankroll, I will trust his experience and share with him amount that I can afford to lose.
In my perspective, If a person ask a loan for me to fund his casino bankroll, I would definitely reject him as soon as he told me whether he is a friend/family or good at playing gambling games. It's not because I don't trust him or he has a bad personality, but it's about the responsibleness of a gambler. If a gambler want's to gamble, It is his own responsibility to gamble his own money and not borrow from someone. I've seen someone who borrowed from a loan shark just to gamble but the end result is just a trauma to him. |
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24 - abel1337
Thanks krogoth!
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I think that's a strategy from whales, when whales spread FUD the price will also be cheap because almost all traders are provoked by it,
and cause everyone to panic sell, and this is the reason, Whales will buy cheaply and accumulate, then PUMP arrives!
this is what's on my mind, I don't know, but usually it's a fact.
Yeah, Headlines like these are just a typical headline for doing spreading FUD and to make a panic to the community. Most of us who knows how the market works and has an idea on what actually happening won't be affected but imagine those crypto users who just got in and has no idea what is currently happening, I'm sure they will be the most affected with headlines like these. Addition to that is if the publisher is well known such as forbes that makes the article more valid that will put up more pressure on new crypto users. |
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<snip>
Satingin ko possible pero malaki ang chance na hindi naman ito mangyayari since nakaabang na din ang binance sa requirements para makapag operate sila ng bansa according kay CZ. Remember, Ang nakaupo ngayon bilang presidente ay open about crypto there's a chance na pati ibang naka halal ay may alam din sa crypto. At anjan lang palagi ang mga "crypto experts" para lapitan ng officials natin for advices and recommendations. Let's just hope na maging pabor sating Pilipino ang mga magiging desisyon ng gobyerno natin.
I wonder kung meron na bang officially recognized na "Crypto experts" ang gobyerno natin para lapitan ng officials for advising purposes. Agree ako na malabong ma-ban ang Binance sa bansa, kahit ngayon man o next months/years. Though may possibilities nga pero malabo parin, sa ngayon handa naman ang Binance para sa discussions to make it more legal to operate in PH, at sabi mo nga naghahanda na sila ng mga requirements nila to comply. For sure walang official recognized as "crypto experts" pero ang lalapitan nila is may background na sa crypto at ilang taon na gumagamit nito, Hindi ko lang alam kung pano nila ito marerecognize or ma vavalidate pero satingin ko by referral siguro ito just like what other positions are. Yep, I think It can serve as a warning para sa mga nag ooperate ng exchange dito sa Pilipinas na kumuha ng requirements at maging legal. Baka next bullrun baka maging strikto na sila in crypto exchanges dahil sa potential massive income na makukuha ng bansa dito. |
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For someone who was here when the price of 1 BTC was only $200 I see no reason to even think that there is such a moment when I should think it’s time to sell everything and invest in Bitcoin.
That has to be a genuine effect because Bitcoin does have people who've been around years and remember the hype when it got to 1000. Same kind of hype as every other peak, then it falls back and we repeat. Even if it is 20k or lower its still high for anyone who been paying attention for then a year or two. DCA is the simple idea and allows hands off less emotional involvement. Since 20k pricing cannot fall more then we already lost from ATH, you also cannot be more bearish at this point then you should have been prior. "When Lambo" people knows how to play the market in my own opinion. Taking advantage of the market by hyping up people to make an additional traction during the bull market then disappears when bear market arrives. We have seen this many times and it's been repeating for many times and on different space such as NFT. We all know that "influencers" are those who matters to the community and I've seen some of them doing "when lambo" post. It's just the same thing happening to market over and over. This is why we should have control to ourselves and not to let our emotions take the investment we have. |
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Weak hands are usually new traders looking for short-term profit. I bet most people who sell at $17k range were the same ones who bought when it was over $20k beforehand, thought they could make a profit when it goes higher than $20k and that was the lowest point Bitcoin could get. But when Bitcoin dropped furthermore, along with FUD news, they rather cut loss instead of keep holding.
Without a doubt those people are weak hands however there are simply too many types of weak hands, there are those that bought near the all time high as they thought the price of bitcoin will go up forever and they decide to invest at the worst possible time and then the price went down, however instead of cutting their losses early they refused to accept the reality and kept holding until the price reached a very low price, and instead of simply accepting their mistake and becoming long term holders and use DCA they decided to sell at the worst possible time. Aside from new traders being weak hands, Panic also set in when they experience a big dump from a price that they have never expected to be reached. Mostly, New traders doesn't know Market Psychology which is an aspect of trading, Having it unknown can make a big impact on trading especially on the current market situation we have. |
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This is the typical thing that non traders think, Buy low and sell high but in reality it's more harder. Of course you can make a profit doing it but there is a lot of efforts and background works that you need to do such as doing technical analysis, fundamentals and other things that can make your trade more accurate. Market is unpredictable, There's a chance a very big chance that you can buy at a lower price but the price can go lower which could result in losses this is why you need to make some efforts to improve or backed your trade.
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Hindi pa ito pwede maisali sa reason ni OP pero pwede nating abangan ang pag release ng mtgox repayment plan. I'm sure na once na mag simula ang repayment plan is isa ito sa magiging dahilan ng tuluyang pagbagsak ng BTC. Maraming mga victims ang nag aabang para mabalik ang hacked bitcoins nila para ito ay maibenta na pwede mag result sa tuluyan na pag bagsak ng bitcoin at ng whole crypto market.
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