Bitcoin Forum
May 25, 2024, 11:36:04 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 ... 335 »
261  Economy / Gambling / Re: Information of Crypto Casinos License and KYC requirements on: March 27, 2024, 05:12:55 AM
It is a very bad practice and I think that sites that are using that strategy of KYC only in the customer wins and only if the customer wishes to withdraw and only when that happens are liable for legal claims from all fronts - from the client as this practice seems to be destined to deprive from earnings and the taxman, as the KYC is not required when loosing.

The problem with that is that most crypto casinos, if they are licensed, are licensed in a country like Curaçao. Since the user generally does not live in Curaçao, he must have lost enough money so that it can be potentially profitable for him if he wins to hire a lawyer to file a lawsuit there. And then wait for the lawsuit to be resolved favorably, I do not know how justice works there but knowing how important casinos are for the economy of Curaçao I would not be surprised if the legislation and the courts tend to be more in favor of casinos.

262  Economy / Economics / Re: How Bitcoin Supercycle could become reality on: March 27, 2024, 05:05:53 AM
Yeah well, I wouldn't put too much hope in that either. Dan Held was already saying 4 years ago that there could be a supercycle in this very cycle that is ending, and whose peak price could have reached $0.5M. It could and would, but it didn't happen. I do not rule out that people's Bitcoin buying and holding habits can influence the cycles but I better avoid thinking that this will translate into spectacular price growths, because with the market cap that Bitcoin has, it is increasingly difficult to move it.

263  Bitcoin / Bitcoin Discussion / Re: Has BTC really become more attractive than gold? on: March 27, 2024, 04:58:47 AM
Well yes, it is clear that in this forum, at least most of us will answer yes, but there are many rich people who would tell you the same thing. One would be Saylor but another that I heard speak in the same terms would be Mark Cuban, and there are many more. In addition, for young people making their first investments I think they are also mostly investing in bitcoin, except in countries with a heavy gold tradition, such as India.

264  Economy / Gambling discussion / Re: Dana thought he lost $80k one night and his advice for gamblers on: March 26, 2024, 05:14:38 AM
Well, these are amounts that may seem outrageous to many of us but it's like someone with a more modest income thinking they've lost $80 and after they sober up they realize they've actually lost $3K. In any case the lesson is clear: just like don't drink and drive don't drink and gamble.
265  Bitcoin / Legal / Re: IRS FORM 1040 "Digital Assets on: March 26, 2024, 04:58:41 AM
I can't take a site filled with ads and links to their own site seriously. When I search for this, all I find is dozens of other crypto related sites posting the same "news".
Here's an opposing article: Let's Debunk Claims That the EU is Banning Anonymous Crypto Transactions or Self-Custodial Wallets. After skimming through, I'm not worried.

Very interesting. I had seen the news on several sites but obviously to quote I chose only one. The thing is that if it is not correct it is a case of fake news that has spread all over the crypto press. I will wait to see if this is clarified before commenting further.
266  Economy / Gambling discussion / Re: Are crash games profitable??? on: March 26, 2024, 04:50:31 AM
My goodness, it doesn't matter how many times we explain it. Casinos are very profitable and have a lot of future because even though the information is out there for everyone, there are still a lot of people who don't know anything like the OP.

Short answer, OP, let's see if you get the point:

1. no game like crash game which is usually 1-3% is profitable in the long run.
2. Martingale is a crap strategy that is not good for making money.
267  Alternate cryptocurrencies / Altcoin Discussion / Re: Are NFTs just marketing gimmicks with no added value? on: March 26, 2024, 04:43:50 AM
That's what I think but maybe because I don't understand it very well. In any case I think the vast majority of NFTs are garbage and maybe a few are saved. For as in art, many people paint pictures or make statues but few become of great value.

For me, I think they've got their own value. It's like paintings or sculptures, and it's value should be dependent on how much effort was put into it and how many people perceive it's value.

Of the latter, but not of the former. Mozart took much less effort to compose than Salieri, and guess who went on to fame.
268  Bitcoin / Legal / Re: IRS FORM 1040 "Digital Assets on: March 25, 2024, 04:54:18 AM
Well you are lucky to live in the USA, OP, look what happens in Europe:

Quote
The European Union (EU) has adopted an effective ban on crypto transactions committed through non-custodial wallets that have not been verified. This measure forms part of the broader Anti-Money Laundering (AML) directives aimed at combating financial crimes. A majority of the European Parliament‘s leading commission on March 19 approved the decision, and this stand implies a unified stand against anonymous transactions.

A previous draft had foreseen a limit of €1,000, below which transactions would be exempt, but this has now been removed. They want to control everything. I think the global trend worldwide is going to be like that, unless pro-bitcoin politicians come to power somewhere.

Regulation just means crypto is maturing. I expect it to take years though, in which they slowly add more laws.

And you like to be left without privacy? The day your government knows all your Bitcoin addresses like it knows about your bank accounts you're not going to have any privacy about it.
269  Economy / Gambling discussion / Re: Always check the deposit address on: March 25, 2024, 04:41:16 AM
Wait... why you take a loan for gambling? I believe most people know gambling using loan is really bad.

Shit happen to you, many centralized sites weren't updating the deposit address for long time, they just update it after few months or years, even though they didn't notify their customers. Glad the casino still want to recover your coins.

To me it seems pathetic, he asks for a loan to gamble in the casino, deposits it directly there, and almost loses it by not checking the address. The worst thing is that the discussion is focused on the fact that you have to check the address, and not on the danger of taking loans to gamble.
270  Economy / Gambling discussion / Re: Where is the fun when you lose your money? on: March 25, 2024, 04:34:38 AM
It's not that it's fun but it also has an emotional component. What many people like about gambling is the swing of emotions. If you've been losing and suddenly you win a jackpot, the excitement is even greater.

I always stand against the saying that a gambler only gambles for fun. I think this is never right because if the gambler was gambling for fun he would not bet money but would be doing something else...

I think some people should get out of this wrong thinking because gamblers never gamble for fun but gamble to make a profit.

I think what you fail to see is that precisely what makes it fun is that there is money at stake. Try playing roulette without real money and you'll see how boring it is.
271  Bitcoin / Bitcoin Discussion / Re: "Global wealth preservation" on: March 25, 2024, 04:25:31 AM
They intersect in the sense that many see Bitcoin as an improved digital gold, so most things that gold can do, Bitcoin does better. Although there are things you can't use Bitcoin for, since it's not physical, you can't use it to make jewelry or have industrial applications. But in terms of preserving wealth, Bitcoin is better because it not only preserves it, it increases it.
272  Economy / Gambling discussion / Re: Is gambling all about luck? on: March 24, 2024, 04:13:20 AM
Uncertainty will always be part of gambling as that is how it is supposed to be, so even if there was a gambler with great skills, they have no way to predict with absolute certainty what it may happen next, which is why all of the newbies which are waiting for something like that to exist will be very disappointed this is the case, and on the worst case scenario they may be scammed by unscrupulous persons that sell them that lie in exchange of a few dollars.

Well, that's not so. Or put another way it is not exactly like that. There are so many casinos that advertise on the forum, most of them being very profitable precisely because in gambling they have a certainty. What happens is that the certainty is in the big numbers. The casino owner does not know what is going to happen on a $1 bet of yours that has a 2% HE. What he does know is that after 1 million bets like that he will have won $20,000.

273  Other / Meta / Re: Should speculation about satoshi's identity be subject to doxxing rules? on: March 24, 2024, 04:03:46 AM
"I've been trying to breach someone's privacy against their wishes for 14 years, but haven't been successful yet, so it's okay to keep trying"

"I've been shining lasers at passing aircraft for 14 years and none of them have crashed yet, so it can't be as dangerous as they claim"

"I've been drink driving for 14 years and no one has died yet, pour me another one"

Well, no, you raise false analogies to justify what you previously believe. The first one is totally false because you don't know about Satoshi's wishes. Maybe he is laughing all this time at everyone who is trying to find out who he is like "keep trying, come on!.

And the other examples involving activities with a high risk of murder, the first one of mass murder, are clearly false analogies.

You started the thread with a false analogy and I already responded to you:

And I suppose we can also fire guns in the general direction of people as long as we don't actually hit them?  No, pretty sure it doesn't work like that.

I just don't buy your analogy. The correct analogy is people shooting in the desert where there is no one and after 14 years you come to tell us that there is a danger of someone getting killed.
274  Other / Beginners & Help / Re: How do you feel when you earn merits in your post or replies. on: March 24, 2024, 03:54:16 AM
Congratulations poker player I guess 2000 merits will cheer you up and definitely put a smile on your face .

Indeed, that's nice of you.

Since I reached 1,000 merits, and if I remember correctly, someone also gave me the missing ones at once, I've felt receiving merits like quite routine, but I was already looking forward to seeing the 2,000, which although they do not involve acquiring any higher level, they are a cool round number.
275  Bitcoin / Legal / Re: IRS FORM 1040 "Digital Assets on: March 23, 2024, 06:26:11 AM
I have said it around here and there were people who disagreed with me, but I am on the same page: the major countries want to control cryptocurrency transactions in the same way they control banking transactions. I imagine they've figured out that it's a better way for them to fight the power they take away from them than banning them.
276  Economy / Trading Discussion / Re: Quick way to learn bitcoin trading on: March 23, 2024, 06:18:08 AM
Yes, of course, I'll explain the best way.

1. Follow the influencer of the moment.
2. Use a demo account and believe that when you trade with real money you will do just as well.
3. Start with little capital believing that you are going to get rich.
4. Use leverage.
5. Make many operations per day.
6. Lose all your money.
7. Realize that trading is a very good way to lose your money.
8. Leave trading for good and dedicate yourself to other ways of making money.
277  Economy / Gambling / Re: MetaWin.com | The First WEB3 Casino on: March 23, 2024, 06:12:37 AM
Being lucky with some high multiplier bets but the manager gave us a warning about risk of betting with high multipliers. It's fair and straightly enough towards the risk and benefit when chasing big wins with high multipliers.

That is because there is a relationship between profitability and risk, not only in gambling, but in everything that has to do with money in general, which I would say is almost an economic law. If you play roulette on red or black the probability of winning is relatively high, 47.4% if it is American roulette, and you will win the same amount you bet, if you bet $100 you will win another $100. On the other hand, if you bet on a single number the probability, or the risk of losing your money, is much higher, since you only have a 2.6% chance of winning, but in general if you win you will be paid much more, about 35 times the bet, that is, if you bet $100 you will win $3,500.

In the example of slots it is the same, if you can get higher multipliers it is because you are more likely to lose your money.

And as I said, it does not only happen in gambling. Investing in bitcoin is safer than investing in an altcoin that has just been created. Maybe if you invest in the altcoin you make 100x or 1,000x but because the probability that the price goes to 0 and you are left with nothing is very high too. On the other hand if you invest in bitcoin you will not make a 100x but it is almost impossible that it will go to 0 in this next cycle.
278  Other / Beginners & Help / Re: How do you feel when you earn merits in your post or replies. on: March 23, 2024, 06:03:16 AM
To this day I feel nothing but curiosity. As BlackBoss_ says, at the beginning they did provide a positive thrill but once I acquired the rank of Legendary, which is the highest I could reach, and it's clear that I'm not competing to be one of the top merit earners, now earning merits from time to time is part of a routine. What I am curious about when I receive a merit is to see for which post it was given to me.
279  Other / Meta / Re: Should speculation about satoshi's identity be subject to doxxing rules? on: March 23, 2024, 05:55:17 AM
Bitcointalk users, for the most part, apparently don't respect privacy.  I'm honestly embarrassed by the attitudes on show here.

The one who respected his own privacy the most was Satoshi, who has managed that after 14 years no one has been able to find out who he is. Not even if it was a single person or several. With that, it doesn't matter what people want to investigate because they won't get anything out of it.

According to your ethical principles. Ethical principles, if you do not believe that they are established by a supra-human entity (I don't), can only be established in agreement with other human beings, and there is not always agreement.

So how would you ban this on the forum?

Would it no longer be possible to talk on the forum about a piece of news or an article that speculates about Satoshi's identity?
Commenting would be prohibited, any new information about Satoshi here on the forum?

It seems to me that you made a mistake when quoting, didn't you? Or explain yourself better because I am precisely defending that it doesn't matter what people want to investigate about Satoshi, because they will discover the same thing that has been discovered in the last 14 years: nothing.
280  Economy / Gambling discussion / Re: What is your worst nightmare in a casino? on: March 22, 2024, 12:17:33 PM
For a winning poker player the worst dream is a bad streak that goes on too long, where you've been in it for a long time and you see that you sit down to play and continue to lose, that makes you doubt your game. In the end they end but you never know when or how, it can be a slight improvement in results little by little as a tremendous spike in positive results that marks the beginning of the upswing.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 [14] 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 ... 335 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!