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2481  Economy / Gambling discussion / Re: Have you ever been a gambling addict? on: November 01, 2023, 05:16:43 PM
you are lucky to have a friend who can remind you before you go too far to chase your losses, sometimes someone feels out of control when they have spent so much money gambling but don't get the profits they expected, maybe many people have a fate like yours who have lost all their savings and possessions to satisfy their lust for gambling.

Yes, I think if at that time I borrowed money from the bank and spent that money again on gambling, maybe my life would be ruined and worse. Even though my savings had run out, at that time I still felt lucky because my friend insisted on reminding me not to borrow money from the bank. We argued all night about this, until finally I did what my friend said
You really have a good friend because you are still trying to remind yourself not to borrow money from the bank. If you meet other friends, perhaps they won't want to remind you but will encourage you to borrow money from the bank, and they will also ask for a small share because they "helped" you decide. You have to listen to your friends who have tried hard to convince you not to borrow money from the bank, and following what your friends say can also make you aware to start reducing your gambling activities. This is a valuable lesson for you, especially if you spend money in savings. Now is the time to really reduce your gambling, and if possible, you need to leave gambling forever.
When you said that your friend always told you not to borrow money, it made me wonder how many of us really have such vigilant guards in our lives. A lot of "friends" dance to the tune of other people's plans. Even if it hurts you, they would try to get you to make decisions that help them. Its even more admirable that your real friend took this stand in this friendship situation.

Once you're sucked in gambling, getting out is like pulling a Herculean weight. But isnt the thrill and instability of gambling a bit like the unknowns we face in real life? Still, theres a thin line between fun things that wont hurt you and an addiction that will ruin your life. As you correctly pointed out, its a huge red flag if your savings are going down. Is it time for a stop? Or maybe you should turn this habit into something more... useful?
2482  Economy / Gambling discussion / Re: Is Gambling Generally An Illicit Activity? on: November 01, 2023, 04:58:15 PM

 Hi guys, coming through with a rather odd question this morning.

So, i was looking up on Wikipedia the meaning of Money Laundering , and below is a quote of how the site defined the term "Money Laundering"


To be honest, I don't have a global correct answer. However, what is clear is that gambling is not legalized in some countries, especially those that adhere to the beliefs held in that country. for example, the middle east "for now" perhaps after their countries started to open up to the wider world, gambling started to become part of the legal. I think if we refer to Wikipedia, in this case it is traced to the origins and history of gambling itself. Currently, in several countries, especially Asia, gambling is still prohibited and even forbidden. It is not only a matter of indications of money laundering, but also covers everything, especially prohibitions based on religion.

Regarding the information you shared, to be honest, I only read it briefly. because without needing to read it or explain it clearly, we already know it. I think Wikipedia should be revised in important parts. because, it seems like the explanation listed in the link is no longer relevant for all countries. This means that, in this world, gambling has now become legal, especially in developed countries. Even though in fact not all countries in the world legalize gambling, this is due to constitutional law and applies in that country according to the applicable laws and jurisdiction.
Its interesting to see how different countries' gambling laws are. They really show what their people believe in. Some countries have bans on it because of their culture, religion, or the law. This is especially true in parts of Asia and the Middle East. Thanks for pointing out a problem with Wikipedia's explanation. Its like taking off each layer of an onion only to find a strange center inside. Can the most important parts of gambling laws, which change all the time, fit on one page?

Like I said, your quick look at the facts makes me think theres more to it than meets the eye. The rules of the law are always changing because different countries are either loosening their grip or tightening it. I's almost like Socrates was telling us to question what we think we know when you ask for a rewrite. In the end, do we really understand how big these political mazes are?
2483  Economy / Gambling discussion / Re: Greed or risk on: November 01, 2023, 04:41:48 PM
Greed will always come to you, whatever the results you receive from gambling. If you win, greed will become even greater. And if you lose, greed will also tell you to play one more round, and if you still lose, greed will keep telling you to try again and again. ~

I think this algorithm of emotions works if a person has an addiction (of varying degrees), because if you take simple human instincts/logic, then if you win something, then you need to take it and run away. If you lose, all the more you need to run away because losses are harmful and a person always wants to avoid losses. That is why the main efforts of the casino are aimed at ensuring that players remain in the game for as long as possible because this will cause them to become addicted.

That's quite reasonable, it's true that basically everyone has greed in themselves and for the problem of whether they will be greedy or not in gambling it depends on whether or not the person is addicted, as you said usually greed will occur or be applied by those who are already addicted to a certain level, it is quite difficult to think rationally when they are already addicted because all their thoughts have been instigated by all the temptations that exist in gambling, so maybe I wouldn't blame them too much if they were greedy because it's natural if someone is already in the addiction phase. It's because they're late to the party in terms of prevention at the beginning of their entry into gambling, always overestimating the odds that are clearly uncertain so they unknowingly enter into their addiction.

Running away when they have won maybe that will only be able to be done by those who are not addicted at all, meaning that whose mindset is still quite healthy in viewing gambling which is only about luck, they realize that even if they continue gambling it is not certain they can win again. And yes for casinos, they definitely want gamblers to keep playing because after all, their defeat is a profit for the casino, that's their priority.
There is a chance that the allure of gambling holds the mind like a vice, blocking out logical thought with the allure of winning. This idea of protection, or rather the lack of it, at the start does make you think.

what does it really mean to "run away" after a win? Is it a show of how strong you are or just a short-lived victory over your natural greed? Furthermore, it is clear that the casino is keeping this loop going because it wants to make money. It makes you think about who is responsible and the constant battle between doing the right thing and making money. Indeed, a very complicated fabric.
2484  Economy / Gambling discussion / Re: Is this how it start? (No or yes?) on: November 01, 2023, 04:22:24 PM
If you think the game you are playing is just for fun, you shouldn't need to add another deposit so it looks like you want to recover the losses you experienced, if at the start you just want to have fun with just $10 you can look for casino games with smaller bets. So you can add a longer duration and it's impossible for you not to win a penny because every game has wins and losses, even though losses are still dominant.

Basically you have to understand that the dealer will always win against you, so don't think about winning when you want to have fun by gambling, just enjoy the game when the $10 is gone, just leave it and look for other activities to divert your mind or pressure to try to recover the loss. , it won't be good in the end, BTW regarding your question about whether you are addicted or not, it can't be called an addiction if you haven't felt bankrupt and poor because of consecutive losses and you continue to play.  Grin
Your idea that real addiction only shows up as a string of losses and financial ruin is interesting, but it might be oversimplifying the complex nature of addiction. Can the desire to get back losses, even when you're just playing for fun, not be a sign of a deeper problem? The desire to keep depositing, seemingly to extend playtime but possibly to get back losses, could be a sign that the person is subconsciously switching from a state of leisure to desperation.

It is very important to talk about the idea that the dealer always wins. It shows how gambling games are made to automatically favor the house. Recognizing this fact is an important part of gambling responsibly. And yes, taking your mind off of things after games is good. But we might want to think about whether looking for other things to do is always the best answer or whether its just a short-term fix for the urge to play?
2485  Economy / Gambling discussion / Re: Can Gambling affect your relationship? on: November 01, 2023, 03:54:48 PM
The problem is most people think gambling is easy not until they try it for themselves . And when they try to prove a point that they can conquer this with their sportting knowledge, emotions get the better of them and this doesn't only negatively affect their financial well-being but day gets runied and whoever they come in contact with can feel the negative energy coming from such a person , hence gambling can indeed ruin a relationship!!!

And the worst thing about gambling is that if you aren't winning,you could find your self in debt and if you fail to payback this could ruin your business relation with creditors, and if creditor is your friend this could be the end of the road for such a relationship.
Numerous people think that by learning a little about sports, they can easily guess the result and win a lot of money. Sure, but as you said, its not that easy. Feelings are strong, especially when money is involved. And what happens when those feelings suddenly explode? It can definitely make the whole day bad, and everyone around can feel it.

Worryingly, gambling has a lot of negative effects. It can be hard on relationships, and when you owe money as well as losing it, things get even dirtier. I think its important to remember that business and personal ties can overlap, especially with creditors. The problem is so much messier if the creditor is a friend. A real web of problems, isnt it?
2486  Economy / Gambling discussion / Re: Is the cash-out feature only available in sports bets? on: November 01, 2023, 03:37:35 PM
The cash-out is mostly used for sports betting, but it can also be used in some in-house casino games. It gives people who bet on sports the chance to take back their bet before the end of an event. When it comes to in-house games, though, things are different. Odds and probabilities are carefully calculated in casinos, and adding a cash-out function could throw the balance off.

But what if casinos did decide to add that feature? It presents a special problem and makes me wonder how it works. What changes would it make to the chance and the way people use it? Is it possible that it will become standard? The idea brings up a lot of options and things to think about that might change how we think about in-house gambling.
2487  Economy / Gambling discussion / Re: Most you have ever lost in one session? on: November 01, 2023, 03:20:21 PM
I think I have lost like $20 on illegal gambling some years ago in just one session. I can't afford to lose more than that because I have not enough income for that.

I think OP is chasing the jackpot that is why he lost that huge amount of money. $200k is huge and if I were on OP's position, instead of betting on gambling I will use it to invest on Bitcoin, silver and gold coins or even real estate. Only a millionaire can afford to lose that amount so maybe OP is one of 'em.

I don't know if it's just your feelings or not but I'm definitely impressed with your mindset and precautions, you only put a budget that you can afford to lose on each of your gambling, it looks better and I think it should be like that. Whoever it is (gamblers) whether they are beginners or even those who are quite addicted, basically the first thing they should pay attention to is in terms of budget, try to put the amount that matches your income, or I mean only 5% of 100% of your income, with that I think your involvement in gambling will not deepen and obviously you will not lose large amounts like those who are already addicted.

It seems like that, we can find out what they really want through the number of their big losses, and of course if the loss is big enough then I can conclude like your statement that maybe the OP or whoever is looking for a big jackpot, but unfortunately luck is not on their side so they end up tragically and lose. Honestly, I also can't imagine what if I lost that much, maybe I didn't eat for a few days. Yes, I agree, it's better to allocate your money for other things that are more promising and guaranteed than gambling which in fact the final answer will only make you disappointed.
Not only is it smart to save only the money you can afford to lose, but it also demonstrates responsible gambling. Someone with this kind of mentality can avoid going too far and suffering unfavorable outcomes. Budgeting is a great way to take a measured and careful approach to things that can be harmful.

Furthermore, its interesting to read how you interpret the connection between significant losses and the quest for a jackpot. All gamblers have experienced the inevitable disappointment that follows such losses. Its depressing to consider the effects of such a loss on day-to-day existence. It makes sense to support a move toward investments that are more guaranteed.
2488  Economy / Gambling discussion / Re: Health Benefits of Gambling on: November 01, 2023, 03:03:08 PM
You're not wrong in drawing this distinction; there are benefits to moderate gaming. For example, it offers a kind of amusement and possibly even cognitive stimulation. But the issue comes when it becomes difficult to distinguish between addiction and enjoyment. Do you think it is possible for everyone to recognize and uphold this boundary?

The idea of self-imposed bankroll restrictions and responsible gambling really appeals to me; these are important strategies for maintaining a fun but controlled level of play. Your point on the health advantages of responsible gaming creates a thought-provoking topic for conversation. Could it be that the potential benefits have been overshadowed by unfavorable cases that have had an excessive influence on society's perception?
2489  Bitcoin / Bitcoin Discussion / Re: How to value bitcoin and cryptocurrencies? on: November 01, 2023, 02:50:53 PM
I'll just say supply and demand. Apart from that I don't have any further idea. Maybe there's a little bit about adoption and marketcap. However, the most important thing when it comes to Bitcoin is supply and demand. It won't matter if the market cap is large but supply is greater than demand - Bitcoin prices will also be stable or even fall because there is not much demand here. In contrast, if supply is small but demand exceeds market demand, the market cap and price of Bitcoin will also increase rapidly.

The demand and supply factors are another consideration when it comes to Bitcoin getting value. These factors are very much important because they play a vital role in the circulation of Bitcoin in the society. When there are much demand for Bitcoin and the supply is low it triggers the value of Bitcoin to plummet to a higher price than it was before. When the rate of adoption increases, the tendencies of price increase is established because there would definitely be a high demand for Bitcoin. So therefore, the value of Bitcoin is also dependent on the supply and demand factors.

I will also add a little that causes an increase in supply and demand which can have a big influence on price movements. News and issues are very sensitive to Bitcoin, these two things can change sentiment in the Bitcoin market. Because Bitcoin's market cap is still relatively small and relatively new, Bitcoin is very likely to be manipulated, so to get involved in Bitcoin you really need to do detailed research on trends and so on.
As the old saying goes, the price of Bitcoin depends on FUD or Good News.
.. Indeed, news and other concerns have a big impact on the bitcoin market. Because of its comparatively tiny market capitalization, Bitcoin is vulnerable to manipulation and can be volatile due to sensitivity to market sentiments. As you correctly point out, conducting in-depth study on trends is essential for anyone wishing to work in this field.

Its interesting to consider this claim—that the price is influenced by FUD (Fear, Uncertainty, and Doubt) or good news—critically and consider how these aspects manifest themselves. With Bitcoin, news may travel fast and significantly change how markets behave. Investors must not only keep up with current events, but also assess them critically in order to determine how they might affect the market.
2490  Bitcoin / Bitcoin Discussion / Re: What would happen if there was only one cryptocurrency, which is Bitcoin? on: November 01, 2023, 02:31:10 PM
Do you think Bitcoins has competitions? It’s either Bitcoins or altcoins. There is nothing that is competing with Bitcoins or can take its place. Moreover the price of Bitcoins depends on the supply and demand. As we know that the supply is fixed, so everything that sets the price is the demand. If the demand to accumulate the coin is more, then in order to fulfil this demand the price goes up. So put this activity in the situation mentioned by you in the OP. You will get your answer yourself.

Anything that offers the same kind of service is a competitor. Although Bitcoin dominates the industry, there is no doubt that other cryptocurrencies are taking some share of the market.  

For example, a person that is into cryptocurrency have 50% of its portfolio to Bitcoin and the other 50% into the altcoin, just think if altcoin is non-existent,  the portfolio should have been 100% for Bitcoin and this 50% will contribute to the increase of price of Bitcoin in the market.

I agree that the price of Bitcoin is dependent to supply and demand, reason why if there is no other cryptocurrency around, Bitcoin would have way more value than when there is other cryptocurrency in the market.
Diversification is essential to modern personal finance and investment. Consider this: if Bitcoin is the flagship cryptocurrency, altcoins represent digital asset diversification. Your hypothetical scenario imagines all cryptocurrency capital flowing into Bitcoin. Would this be best for investors? Another issue is whether a lack of rivalry in any field would impede innovation. Bitcoin may have had 100% market share, but would it have evolved as fast without altcoins? While supply and demand dictate Bitcoin's value, altcoins give customers choices, which can make the crypto market more resilient and dynamic.
2491  Bitcoin / Bitcoin Discussion / Re: A matter of family conflict regarding Bitcoin. on: November 01, 2023, 02:11:29 PM
Just found out about this topic and the average answer is of course Bitcoin only as an investment instrument that is defeated when it fails and goes bankrupt because of Bitcoin.
But it cannot be the main reason to be blamed, because it is a risk that must be borne by anyone who enters for investment.

Before deciding to enter Bitcoin, it's good to think about what risks will occur and not use the money used for other needs,
so that when the investment fails, there is nothing to blame.

In this incident, the wife did not understand what Bitcoin investment was about and only knew how her husband lost a large investment value which eventually caused an argument that ended in shooting his wife.

As a wife, you should support and provide motivation so that you don't get too stressed, but if coupled with fighting it will be a big disaster like the news.
Sometimes there are still some who ignore the risks of investing in bitcoin maybe they do ALL IN hoping to get even bigger profits, when failure occurs that's where emotions overflow and will blame anyone even not themselves.

Maybe when the husband loses a lot of money that should motivate the wife to want to separate and ask for divorce here the conflict becomes big when the husband's emotions overflow, the wife will become a victim even though the wife is not guilty because the husband's money just disappeared without him knowing it.

What is clear is that he does not have a reserve fund when he experiences a large loss he cannot cover his needs until it becomes a quarrel, this incident should not happen to us.
Its a well-known pattern in the world of crypto investing, right? In search of exponential returns, people often dive deep without a life jacket, only to understand the dangers too late. First, Bitcoin and other cryptocurrencies are appealing because they can disrupt the economy. Its decentralization and limiting supply offer immunity to economic downturns. Any investment has risk. Diversification is common sense yet often ignored.

Financial stress always affects relationships. A husband's losses causing marital problems emphasizes the need of open communication in relationships. Significant financial adjustments must be communicated to partners. Any financial loss can be overcome by trust and understanding. However, its about knowing one's investment limits and not overextending. No possible gain is worth the chance of having one's life fall apart.
2492  Bitcoin / Bitcoin Discussion / Re: Bitcoin Solves This - Money and Banking on: November 01, 2023, 01:52:13 PM
In my country, even if you keep money in the bank for years, there is no increase in interest, instead, due to the low security of the bank, various customers are losing their savings. So the importance of keeping money in the bank is decreasing day by day in our country. In this situation the only solution cannot be anything other than Bitcoin. So while Bitcoin can be claimed as one's own wealth, putting money in a bank cannot claim that money as one's own.

I agree with you that bank interest rates have not increased for many years while inflation continues to increase, causing the value of our assets to gradually lose over time if we deposit money in banks. But it is not true that banks are less secure, people who deposit money in banks will face the risk of devaluation due to inflation and will not have full control over their money. I have never heard of a case where a person depositing money in a bank was attacked by hackers and lost their money. Banks are a place to save money and bitcoin is an investment, so comparing them is not entirely accurate.
When people put their money in standard banks, the value of their assets will eventually go down. Even though banks usually have strong security, it's important not to forget that there are other types of risks besides hackers. Loan risk, cash flow risk, and market risk are some of the risks that banks face.

You made a good distinction between banks as places to save money and Bitcoin as a way to trade. Still, there is a point where their usefulness as stores of value overlaps. Banks offer safety, but Bitcoin has the ability to grow. This dichotomy needs to be negotiated. Could one possibly think about combining the two, which would increase safety and possible returns?
2493  Bitcoin / Bitcoin Discussion / Re: Positive thoughts and attitude towards Bitcoin. on: November 01, 2023, 01:34:22 PM
When someone is curious about Bitcoin, he will try to explore further how to make money from Bitcoin. Your correct thinking and courage to invest 80% in Bitcoin has made you successful in increasing your income quickly. You have done very well, allocate profits from your quail and pigeon farming business to invest in Bitcoin. Your courage to take risks has made you a successful man in business, keep doing it consistently, you will make a profit when the price of Bitcoin continues to increase.

Foresight and market awareness are shown by allocating a large amount of earnings, especially from established companies like quail and pigeon farming, to an intangible and volatile asset like Bitcoin. This is about risk-taking and using possibilities.

Market dynamics often determine Bitcoin investment success, but strategic thinking sets a person different. Always be informed while taking risks, yet courage is laudable. As you noted, Bitcoin's price can lead to profits. Like any investments, its important to constantly reassess, comprehend market dynamics, and adapt strategies to shifting financial environments.
2494  Bitcoin / Bitcoin Discussion / Re: How will it affect your life if bitcoin price comes to $1 million per bitcoin? on: November 01, 2023, 01:15:44 PM
How will it affect your life if bitcoin price comes to $1 million per bitcoin ?
I have good chunk of Bitcoin now , My business is slowly dying so what could you expect from me?
will be very happy and satisfied if bitcoin turns 1 million as i can finally buy my dream Truck to use as personal and business car, can use it
for cargo business and also I can buy a close Van that needed for my business to upgrade , and also are you expecting something bad
from people here, of course everyone will be happy but not those who did not completely trust bitcoin though for sure altcoin will grow
also because it is a domino effect that we have seen for many years now that altcoins are moving up when bitcoin starts recording its
all time high.but fore sure this will happen in the next 2 or 3 halving so may take long time to wait , lets accept and have plans for the
mean time.
Iit appears that you are in a risky situation with a failing company and faith in the growth of Bitcoin. Your options would undoubtedly increase if Bitcoin hits the coveted $1 million milestone, allowing you to upgrade your company and purchase the truck of your dreams. It's a reasonable expectation, but let's also take the volatility and unpredictability of cryptocurrency markets into account. Indeed, Bitcoin has historically sparked a chain reaction when it comes to altcoin rallies.

Meanwhile, having backup plans is essential when your company encounters difficulties. Increasing the diversity of your investments, investigating new sources of income, and possibly investigating strategic alliances could revitalize your business. While stabilizing and growing your firm is the immediate need, waiting for Bitcoin halvings may be a long-term approach. Instead than waiting, let's take action.
2495  Bitcoin / Bitcoin Discussion / Re: Is the irreversibility of Bitcoin transactions a downside for an average person? on: November 01, 2023, 12:57:44 PM
Senders often want to be able to undo a transaction if something goes wrong, but receivers often want to be sure that the transaction cant be undone to protect themselves against bogus chargebacks. Since most people often put on the sender's hat, it does make you think about why people would praise Bitcoin's irreversible transfers.

But one has to wonder if this praised inability to be undone doesnt also help senders feel better about themselves. By getting rid of the chance of chargebacks, businesses might be able to lower their prices, which would save customers money. The question here is whether the consumer's faith in possible price cuts is greater than the perceived hassle of deals that cant be undone.
2496  Bitcoin / Bitcoin Discussion / Re: Bitcoin in the last 5 years compare to now on: November 01, 2023, 12:21:10 PM
I am confident about the fact that many more companies and many individuals will come forward to accept Bitcoin in the near future. Countries like El Salvador coming forward to recognize Bitcoin as a legal currency have already pushed it to a level where we can speculate that more will come forward and recognize it the same. Bitcoin is on a track in which it will only move forward from here. There's nothing that is going to stop it from happening.

The history speaks for itself. We can see what has been happening and with that information, it becomes clear that Bitcoin is here to stay. It not going anywhere. The more you ignore Bitcoin the more you stay behind in the race. So I don't think any big company will miss the chance to grab that opportunity to stay at the top. The more we move towards the future the more we will see Bitcoin getting adopted in many places including countries.
 Bitcoin has proven to be one of the most valuable asset of 2023, if world power countries like the US, UK, Russia and china finally adopts Bitcoin, we will see Bitcoin in the mainstream markets. There is possibility of Bitcoin getting adopted soon. Its constant growth becomes so difficult for these countries to suppress the flow and growth of Bitcoin. Bitcoin is not under any entity its decentralization makes it impossible to control.  Bitcoin 5years ago was like safe haven for everyone who acquired it. We saw Bitcoin in its glory and everyone wanted to make a move on the market before its decrease. People who made the move on Bitcoin made a lot of wealth depending on the capital you use to invest and the time of investing.
  Bitcoin is here to stay and we will see greater moves than before if the coin finally gets adopted by most countries, bitcoin and blockchain is one of the new technologies in the world everyone is currently looking forward to. They are lot to navigate in the blockchain ecosystem, in this way one can master whatever works for them and be master in the field. With blockchain technology and Bitcoin lives will be better and easier, we don’t have to worry about taxes in the cryptocurrency space, government don’t have a hold of it. This is why government are trying really hard to regulate it so that they have something to gain from what ever transaction happening in the spaces. I feel like if government has control,Bitcoin will lose its credibility.
There's no doubt that Bitcoin will continue to rise in value until 2023. As you correctly pointed out, its growth has been very fast and has often caused problems for traditional banking systems. One of the best things about Bitcoin is that it is decentralized, which makes control very hard. What are the effects of broad adoption by strong nations? Thats the question we need to ask.

If big countries like the US, UK, Russia, and China all started using Bitcoin, it would have an impact on the world that has never been seen before. Although, these countries are having a hard time with the thought of using a currency that they can't control. Governments want to be in charge, but Bitcoin fights this idea. Would this change the value of Bitcoin if government control became too strong? Your point about the possible loss of trust is smart and should be thought about more.
2497  Bitcoin / Bitcoin Discussion / Re: My little research. on: November 01, 2023, 12:04:17 PM
I haven't been here for long but I have taken my time to read through some of the important conceptions about Bitcoin, and with my little knowledge, I really know that Bitcoin is a good means of investment if I can hold it from now till dear life.
I have done a little research about Bitcoin and why some governments refuse to accept Bitcoin in their own country even when they know that they are in power to make the most important citizens in their country access it and take advantage of it, and it wonders me a little.
See, if you want to understand about Bitcoin, first of all, you know money, right? Money is a physical currency, that is, it has a body, it is a paper. You can do physical transactions with it. On the other hand, Bitcoin is a digital currency that has no physical existence, you can't hold it, you can't fill it, it exists digitally. But Bitcoin has some physical quantity, but you can't use it until it has a private code on it. The great feature of Bitcoin is that it is not controlled by any central bank or any government. Let's say you buy a car with Bitcoin, the thing you do is called a transaction and the transaction you write in a listing is called the blockchain. Bitcoin behaves like a currency and a stock at the same time. Bitcoin is increasingly being used to hide how much money you have.
Putting standard money next to Bitcoin does, in fact, show how the economy has changed. Traditional money is backed by the government and can be touched. Digital currencies, on the other hand, are not controlled by any one group. Bitcoin's dual nature as both a currency and an investment makes us think about some interesting things. It makes us question what "value" and "ownership" really mean.

Blockchain is an important part of making deals more secure and open, but it also makes things more complicated. As you said, these deals involve the possible hiding of wealth. Bitcoin's privacy and independence do, in fact, make it possible to talk about its moral and legal consequences.
2498  Bitcoin / Bitcoin Discussion / Re: The difference between bitcoin and cryptocurrency. on: November 01, 2023, 11:45:45 AM
All other things are similar; the only difference is that the trading supply is limited to 21 million, while the supply of cryptocurrency depends on the coin and how much it holds.
IMO, the limited supply of Bitcoins can indeed be a good differentiator too, but there are other answers that are better in my opinion to be used as differentiators between Bitcoin and other crypto assets.

The first is proof that Bitcoin's Blockchain technology is trusted and strong so that it can last longer, making Bitcoin more respected than altcoins. The birth of Bitcoin was truly the beginning of the birth of the world of cryptographic-based coins. And until now, Bitcoin's blockchain technology has proven effective in keeping the network standing strong. This is what causes many institutional investors to become more interested in Bitcoin. The resistance of blockchain technology to hacking means that security and privacy are well maintained.

This has an impact on liquidation and high market cap. This is what causes the number of Bitcoin transactions to be greater when compared to altcoins. Bitcoin is the oldest king. The older you get, the stronger you get. That's why Bitcoin always accumulates market capitalization strength every day.
Bitcoin's restricted supply has a major impact on its dominance, but there's more to it. Blockchain technology in Bitcoin is reliable. It's unmatched in strength and security. Indeed, Bitcoin has shown its resilience time and time again.

Considering the progress of cryptocurrencies, shouldn't we also explore altcoins' potential? Although Bitcoin leads, altcoins provide unique features. Is it not worthwhile to examine and critique these aspects to have a better understanding of market capitalization and transaction volume?
2499  Economy / Gambling discussion / Re: Minimum Age to gamble on: October 31, 2023, 03:11:28 PM
I think the gambling age should be raised even higher because we realize later that the decisions we make at an early age affect us in our future life. Therefore, when we have this habit at an early age, we sometimes get into the business of gambling with money that will be large sums of money for ourselves. This gives us the chance to lose maybe money or maybe different things. That's why I think the gambling age should be higher than 21.
Gambling sites have set a minimum age limit for gamblers but the gamblers themselves do not make those rules but school and college students below 18 years of age are involved in gambling. Especially when young children use mobile phones or PCs or tablets, they willingly participate in gambling, thereby spoiling their education and causing mental damage. Although Guardian Mahal is always worried about this addiction of children but they have nothing to do afterwards. Therefore, the minimum age limit in casinos or gambling sites should be 21 years or more so that boys and girls cannot participate in schools and colleges.

Yes, they ignore these rules, in my opinion, it is natural that anyone can play gambling, because with the capital of gadgets and the existence of an internet connection it has given them the opportunity to gamble, even children who are still underage can do it if they already know how to gamble, the importance of parental supervision so that their children do not enter the world of gambling, access to gambling is now getting easier, with the existence of online gambling this makes all groups able to play it regardless of gender, age, or ethnicity. They can all play it if they understand how to gamble.

Although gambling sets a minimum age limit, this will not affect. As long as they already understand how to gamble and when they see gambling advertisements on the internet, maybe they will try it. With the initial intention of just "trying", what I'm afraid of is that with the beginning of trying over time they will get hooked and become addicted. As you said, even children seem to have the opportunity to do something like this because now many small children are always playing PCs and cellphones. It's just that they have no curiosity about gambling yet. So their parents should be able to monitor things when they play cell phones, because no one knows what is in people's minds.
Isnt it a very important matter? People of all ages are exposed to gambling these days because everyone has a gadget and the internet, which opens up a world of opportunities. Not only is it about gambling, but its also about how influence can spread through outlets that seem harmless. When young minds are "trying" to explore, something that starts as an interest can quickly turn into an addiction that wont go away.

Like you said, parental guidance is very important. Its very important, right? Its just as hard, though. Caregivers have a big duty to be careful and always watch what their kids are doing online. But the issue is more complex, isnt it? Its not enough to just keep an eye on things; you need to create an atmosphere of trust and open communication so that a "try" doesnt turn into a lifelong habit.
2500  Economy / Gambling discussion / Re: Between Profit And Conscience on: October 31, 2023, 02:49:05 PM
The best thing to do would be to learn how the lottery business works. Im not saying that he should change his morals but practiaclly speaking, he needs money. He should also study why there is no lottery on their place yet and verify it. To go with the offer would be the best option but if he has something in mind like other business where he doesnt have to “sacrifice” morals. He can consider it too.
Agree with you, everyone needs money to meet their living needs and also to collect some savings for future needs so that if business has obtained permit and is legal then there is no need to think about morals and conscience as long as we do not violate regulations existing.
Lottery is type of gambling that is quite popular in several countries and there are even government programs that have lottery for charity so if we think too much that the gambling business is business that sacrifices morals and conscience then we will never be able to develop by taking advantage of opportunities that may not be possible came twice.

It better to accept the offer and forget about your conscience because when we experience financial problems, there are not necessarily other people who want to care about helping us with the problems we are facing.
Opportunities like this are opportunities that we are always waiting for, especially since we can make quite large amounts of money consistently.
Some people do put legalities and permits ahead of morals when they are looking for chances. If a business, like a lotto, is legal and could make you money, I can see how you might see it as a good idea without being weighed down by guilt.

But it's important to ask: Are chances only about making money? It is absolutely necessary to think carefully about the long-term effects and results of putting money before ethics. Chances come and go, but the effects of choices made out of necessity rather than rightness can last for a long time. It's not really a problem; it's a standard dilemma where you have to choose between making quick money and doing the right thing.
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