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June 26, 2024, 08:31:32 PM *
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261  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.
262  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.
263  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.
264  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.
265  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.
266  Economy / Gambling discussion / Re: Are online/crypto casinos the most profitable digital business? on: April 29, 2024, 09:08:06 AM
It might seem from this forum that casinos are very lucrative business to run and indeed they are but they are not without their problems. The major casinos out there has to work years behind them to set up their name and brands.

Addicted players will visit the casino every day but there will always be people who will still be able to win a big one and then not play again.

There are different business with difference in prospects. Choose the one that works for you not the one that seems to be best.
267  Economy / Gambling discussion / Re: An aggressive gambler irrelevantly easing his Irresponsible gambling manner. on: April 29, 2024, 09:04:22 AM
Boxing is a game where getting beaten up is the norm, that is the essence of the game and as the gambler betting on the game one needs to forget this and focus on their bets and not what happens to the players - this might sound a bit shrewd but it is what must be done to be able to gamble without getting emotional.

The user should move to other games if boxing is making them emotional at this point of time.
268  Economy / Games and rounds / Re: 🃏JacksClub: ROUND 20 - BTC PRICE PREDICTION CONTEST $150 in BTC 🚀 on: April 28, 2024, 11:08:30 AM
JacksClub Username: TheUltraElite
Prediction: $66,510
269  Economy / Trading Discussion / Re: Is there strategy to make profit daily future trade on: April 28, 2024, 10:36:15 AM
Please stop using signals groups, these groups are owned by conmen who manipulate the crowd to buy and sell their shitcoins while the owners play in the opposite direction. They even ask for membership fees which is another scam they manage pulling off.

You have to rely on your own while trading, it is a one man game here, nobody will help you trade because your win is another person's loss and vice-versa.

Try reading about trading and watching some youtube videos about how trading works and then start dummy trading on your own instead of these groups.
270  Economy / Gambling discussion / Re: No gambling today due to bitcoin high transaction fee. on: April 28, 2024, 10:33:39 AM
And as for me gambling today, I did that in our local betting shop, because when paying with Bitcoin with the kind of amount I normally use in gambling, I find out that I mostly pay more, when transaction cost is being added, so I prefer paying with fiat when gambling.
An added advantage of having a physical casino neat where you live and accepts fiat money as well is never a bad thing. While the fees have come down they are still a bit on the higher side and such surges are happening often due to many reasons Ordinals and Runes included. For serious gamblers, one method could be topping up your account once a month when fees are low and then playing on that without any further deposits, confirming both bankroll management and fixing the gambling budget without the headache of upcoming fees surge.

Another option is to use altcoins, but if you have not converted them to altcoin already then you might not want to do that during a fee surge.
271  Economy / Scam Accusations / Re: Sr Memeber defaulted 35$ Loan [Heartilly] on: April 28, 2024, 10:25:51 AM
Another one of shasan's loans turning into a web of account farm getting uncovered only now.

This is the issue with lending on the forum, more so if you are not doing a collateral-backed loan. However the OP is well aware of the risks and repeating the same statements over and over does not change anything.

Flag supported from my end.
272  Bitcoin / Bitcoin Discussion / Re: in future are you hoping to see some countries in Africa legalis bitcoin. on: April 28, 2024, 10:20:51 AM
There’s only two options in the end, either they will legalize it because majority of the other countries are already into it, or they will continue to neglect bitcoin and eventually left behind by other countries. Well, I don’t think they won’t be competitive at all. Of course, if the government leaders will focus on the citizens welfare, then they will prioritize bitcoin without any doubt, regardless if they are trying to impose an authoritarian type of government.
A optimistic side and a pessimistic side indeed. I guess that is what the country people are feeling at the moment. Keep on with your work by spreading the awareness and information about crypto in your locality, it needs to be well ingrained among the natives that crypto is nothing but a moneytary method, bad people have used it for bad things, but it is essentially a good thing for the world.

If the message goes through strongly enough, eventually the government will turn and legalize the use of bitcoin or put it in grey area like many other countries.
273  Economy / Gambling / Re: 🔥🔥🔥 BC.GAME - CASINO AND SPORTSBOOK | $1,000 GIVEAWAY LIVE! 🔥🔥🔥 on: April 28, 2024, 10:15:46 AM
Participating in all these contests have been making the forum more fun for me - being among the list of users contesting for a prize just has its own feeling. My first here in Bitcointalk I never participated in any sport or prediction contest - I’m not sure why but recently I’ve found myself getting excited each time I receive a notification that a new contest has been launched, I do hope others are having fun as well.
It is indeed exciting and we all gambling enthusiasts share your excitement on this forum. I was regularly participating in another casino running prediction games every week and when I saw BC.Game giving out similar promos, I knew my week was going to be full of predictions all over the excel sheets. So I am keeping track of those now and attempting to win something from BC.game over the next few weeks.

One of these is dated for tonight and sadly my predictions are not close to the current price today, lets see what happens though.
274  Economy / Gambling / Re: ✨ JacksClub.io ✨ Daily Contest with Amazing Prices | VIP Rewards | Free Faucet on: April 28, 2024, 10:11:09 AM
...but I can't take part in this event anymore and participate because of the minimum wagering requirement of $100,
I used the money won from another prediction event to wager and reach that amount, its pretty easy to play on card games like blackjack which are my favorite and then bust the rest on a game of mines or dice.

I think we can all do that much or just pay some from our own pockets and try to participate in these prediction games. They are free and the owners are being generous in giving out such prizes and you dont see such games running for long.
275  Local / India / Re: [March 2024 update] Indian Board activity on Bitcointalk on: April 27, 2024, 10:04:44 AM
I do try to give back what merits I earn to this section of the forum. However getting merits in from the global sections everyday is tough and not having a merit source dedicated to the section sucks even hard.

Good to see @pakhitheboss coming back, I was starting to think they had left.
276  Bitcoin / Bitcoin Discussion / Re: First ever epic sat sold for 33.3 BTC on: April 27, 2024, 10:01:22 AM
Money laundering might be one way to explain why the person would have done it. Or it can be that someone told them that it was a rate collectible and they would have to spend so much money to get that. The person paid that 33.3BTC in FIAT money and then the person who is misguiding them converted it to BTC to for that the EPIC sat and went their way.

Bizarre indeed, but there seems to be more than what meets the eye. We dont know the other side of the story.
277  Bitcoin / Mining / Re: If you have $200,000,but no miners, no mining experience,and no cheap electricit on: April 27, 2024, 09:53:30 AM
That amounts to a little more than 3 BTC at current market price of 63K USD and I would rather hold that bitcoin and invest in some casinos bankrolls to allow the money to grow. Mining itself need a set of miners, cheap electricity, maintainance and other costs. If you dont have access to such cheap ingredients, then the recipe will not work out or give the best "taste" Grin

Hence dont mine, rather buy bitcoin when it becomes cheap again.
278  Economy / Gambling discussion / Re: While placing bet what comes your mind on: April 26, 2024, 03:25:58 PM
As I would always say it takes system (rules) to alternate another system. So keep building your system so as to stay strong in a world (gambling) were isn't programmed to favour you (gambler).
But the games and the UI are built to keep your addicted to the casino and its natural to play on the risks. If you falling prey to those, you have to correct yourself and not think of gambling but what bad it can do and henceforth stop.

Having a rules or strategy to keep the addiction in control is good but stopping and taking breaks, doing some other sort of work to keep your mind distracted is another method to cope with the addiction. These types of things can be productive and you might end up with a new hobby altogether.

Indeed it is possible to keep a balance between the two, but managing the bankroll is tough.
279  Bitcoin / Mining / Re: Bitcoin Mining for Beginners on: April 26, 2024, 03:20:03 PM
Would it be feasible to make a profit by mining crypto on PCs or laptops and not on rigs?
Nope, everyone out there is mining on ASICs and that is what you should also use if you intend to mine anything at all. Gone are the days o GPU mining on laptops with cards.

Quote
I am not very good with computers, hardware especially, so an option where I don't have to operate and manage these rigs would be preferable.
If you are planning to mine, you need to have a working knowledge of how the machines work, how the PSU works and how to manage the cables among other things. These are not difficult and can be learnt as you are working with them. The forum community here is also very helpful and you can learn a lot from the YouTube videos too if you spend some time on them.
280  Economy / Economics / Re: Harmful effect of robot to the world. on: April 26, 2024, 03:16:40 PM
In the next 10 years there will be high rate of unemployment in the world because job's that should be done by humans are now given to robots and by so doing it will also affect the economy of the world.
Similar statements were made when computers were coming out newly in this world. However so much down the line, nothing really changed, the same people learnt to use the computer and they are still working.

Machines have been in use for a longer period of time, just that they dont appear as the "Robot" appearance which is ingrained in our brains from pop culture. Similarly, AI has been used to run prediction algorithms and recommendations in many sites, this is nothing new. Just that the commercialization is new and that is why it is in the news now.

Just continue what you had been doing, but learn to adapt, no robot will replace the human, but having such thoughts will only worsen your mental health.
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