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It's the simplest game in online gambling, understanding the wage mechanism ain't that hard as well, unless you don't want to explore to know how it works. You just need to set the odd you want and the amount of bet then roll it, wait for the result, and that's it. You don't need skills in DICE, it's not a skill-based game, you just need pure luck to make profits out of it.
The only hard in playing gambling is the decision making part, that's where everything could make you mad or happy.
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Bitcoin is indeed a savior when it comes to the financial aspect. Bitcoin gave so many opportunities to most of us here. It's just up to us how we would utilize the advantages and the benefits it has to offer. Personally, bitcoin has been the safe haven for my funds. I am very much thankful for bitcoin's existence because it gave me extra income for the past years. I have bought the things and want thanks to my earnings here in bitcoin and of course, other coins as well. I will continue to hold my funds and invest every now and then until I achieve financial freedom with the help of crypto. Hopefully, more people will be enlightened on how crypto can change our lives for the better. But of course, those people who are planning to enter must first equip themselves with enough knowledge before risking.
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There are lot of groceries stores around me but they all belong to same category like accepting cash or card related payments and bitcoin is not as much famous in our locality. I often went to buy stuff on my own but this time an unusual thing happened with me. As I was passing by the road I see a board up the store that bitcoin payments are accepted here and was surprised to see this and immediately went in to meet the owner out of curiosity. It is not a big store and you can buy regular stuff from there like groceries and some food packaging materials.    I talked with him and I was surprised to see that he has all the technical details of the bitcoin working and he appreciated the bitcoin exposure more and more and was accepting it that's why. It was good to have long discussion with him and sharing our thoughts on the same was really good experience. .At last I thought to interview him and share the same with you all guys which I thought must be good idea. So here is the interview session with him : Q1 How did you come to know about bitcoin?Ans. It was 3 years back actually when there was news about bitcoin and other cryptocurrencies and it was new term for me and being interested in technical things from the start i became keen to explore bitcoin to know exactly what it is and how it works.So i made deep research about it and it opened up new decentralised door for me.
Q2 So did you know the technical working of bitcoin?Ans. Yes i am aware of the technical working of bitcoin although i am not a programmer but I have learned about the mining process and how transactions are made and recorded on public ledger which is called blockchain.There are many things in the backend of which i am aware about (i was happy listening to him)Q3 Do you think bitcoin is better than fiat?Ans. Undoubtedly, bitcoin is our funds and fiat is centres funds and they can prohibit users making transactions and ask documentation for the same but bitcoin comes with freedom so we both must be of same thinking 😄
Q4 How many customers pay with bitcoin here?Ans. There are some users who are paying with bitcoin and i was also surprised to see that thing as bitcoin was not famous here but you can say that i have 4-5 regular customers making btc payment to me.Hope to see numbers increasing.Q5 How do you accept bitcoin payments?Ans. First i was not having many customers paying with bitcoin on regular basis so was accepting payments with my qr code set up on front desk.But it usually takes 8-10 minutes for 1-2 confirmation but now i am having 6-7 customer fixed so will be opening LN channel with them on any wallet like phoenix to avoid such issues.Q6 Do you convert it to fiat or holding to your funds?Ans. Actually i can't hold all my funds in bitcoin which is my bad luck as this store is my source of earning and i have to refill the stock regularly so i need to have cash with me as they don't accept btc payments still.So.i have set up my rule like what i need is converted and profits partially are hold in bitcoin.Like i made $100 profits then i will hold $40 in btc and rest i need them.Q7 Fees and Volatility don't affect you? Ans. I usually convert payment in btc at the last of month and in single transaction so whatever the fees is i don't care because i am going to use it anyway.I also get cash profits also so not major loss and know when prices will rise profits will be enough to cover all those past expenses.Q8 Do you think government Should legalized its usage?Ans. For sure the the underdeveloped and developing countries need to regulate bitcoin and give it legal status to boost their economy and leave the pessimistic approach to have full control over the people otherwise they will still lag behind in every term and inflation would kill the economy.
Q9 What security measures do you take to secure your funds?Ans. I am using hardware wallet Ledger Nano S for this and have backed up my seed phrase in various locations which are easily accessible by me not everyone.(This was best part i wasn't expecting from him )Q10 How much user growth you see in bitcoin payments?Ans. See at this moment i have less users but soon more will be paying with the same method and i believe it.Q11 What message you would like to give to the readers of this interview session between us?Ans. If you want to revolutionize the world and be free from central capitalism and take control of your funds then don't fear Bitcoin rather be part of it and invest, accept or pay with it and you will have great future ahead.
This was one of the best bitcoin talk I have recently made with an completely stranger person few moments ago but now we share a btc bond that is unbreakable like the network and will buy groceries from him monthly by opening a LN channel with him along with his other 5-6 customer and decided to meet him whenever we have time to talk. I also introduce him to the bitcointalk forum and told him that he can learn even more from here and can ask any his question related to bitcoin and seek advice of senior members on technical topics also and they will be ready to help you a lot. BTCThis is such a healthy and informative discussion between two people who are into cryptocurrency. Which country do you belong to? This is such a good initiative in your community. Although this kind of move is risky because we all know that bitcoin is volatile. Bitcoin's price can go either up or down anytime. It's not really wise if he's just getting his capital to replenish his stocks on bitcoin payments alone. Fortunately, he still has sales on fiat so it wouldn't be much more of a problem. This man that you have talked to definitely knows what he is doing and I applaud him for that. He made a risk assessment before deciding on putting bitcoin as a payment option that's why he isn't bothered by the possible sudden dips. Hopefully, there would be more people like him in the future. Rooting for his business to grow because people like him deserves it. |
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We saw threads where discussions sparked about how will the poor take the advantage of crypto and all of them limit their thinking to what will happen if BTC skyrockets. There were lots of great answers, but we have a different approach here in this matter. Even if the poor believe that they have missed the BTC train, why don't they spread their vision and look around?
We have:
+ NFTs (we know about one user who sold an NFT for $60k that he won for free - a life changing experience)
+ DeFi tokens (liquidity pools, staking, farming are all giving huge returns for small investors)
+ P2E (Play 2 Earn is another way to make money by playing games online and getting tokens or NFTs as rewards, some games have different types of rewards)
There are really many opportunities in cryptocurrency. You just have to look around and study it so that you can take advantage of it before it even boom and have an all-time high value. It's really a matter of those who can invest first at the lowest or starting position. Of course, the longevity of the opportunity is essential as well to know whether if it is worth the risk or not. There are many things worth eyeing nowadays. The things you have mentioned are the same things I have in mind which I think are worth the risk as long as you will do your own research and invest what you can only afford to lose. |
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Business people must make a choice of strategies that are effective and realistic in determining investment activities.
IDENTIFICATION, namely analyzing profitable business potentials to be planned and developed.
FORMULATION, translating investment opportunities in concrete projects by explaining important factors in outline.
ASSESSMENT, namely analyzing aspects of the market, finance and economic conditions.
SELECTION, the use of a priority scale to invest using a specific analysis followed by the implementation of a feasibility study.
IMPLEMENTATION, to carry out business activities in accordance with the recommended alternative options that are planned.
Risk assessment should also be one of the effective strategies there is in crypto and in other forms of investment vehicles. Assessing all the possible risks that come along with investing given that certain situations happen such as this pandemic, the investor won't be easily shaken because he has done his part in checking all the possible gray holes that can cause his investment to go downhill. Risk management is also another thing that should be included. The investor must know when to risk and when not to. The investor must know when to continue and when to stop to avoid losses. Hodling is also one of the best strategies to gain profit in the long run. The investor just has to have long patience in holding and trust in his investment. Losses are just paper losses until you give up. Though learning to distinguish whether to hold or cut loss already plays a great role too. |
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El Salvador Bitcoin payment option mandatory but people can decide to accept fiat What some people do not like about El Salvadorian government move is that they made bitcoin a legal tender, that it should have just been a legal form of payment instead of making it a legal tender. In El Salvador, anything government make a legal tender can be used as payment of goods and services while marchants and other dealers must accept it as a form of payment. But when I read news today, I later knew that Bitcoin payment is mandatory but yet optional, the payment can be in Bitcoin but marchants can decide to either accept Bitcoin or fiat, the transaction will be processed automatically in accordance to what chooses by the recipient. https://m.elsalvador.com/noticias/negocios/bitcoin-criptomonedas/876042/2021/?utm_source=twitter&utm_medium=deportes%20&utm_campaign=organico&fbclid=undefinedGovernment: it will be mandatory to receive Bitcoin and businesses are exposed to infractions of consumer law According to the legal advisor to the presidency, Javier Argueta, it will also be mandatory to have the virtual wallet and once it is, the business is obliged to receive the cryptocurrency as a form of payment. “You, having the electronic wallet, must accept the transaction. The ‘shall’ is the transaction obligation… you are required to have the electronic wallet. What is mandatory is the transaction, ”said Argueta, explaining the validity of the Bitcoin Law, which formally begins as of this September 7. The journalist Federico Zeledón asked him about the virtual wallet: _For the sake of clarity, then, what I am obliged to do is to have the electronic wallet? To which Argueta replied: "To have the electronic wallet," he affirmed, to later explain that with it the costs are negligible and that the state's Chivo Wallet wallet is free. Later he said that when making the transaction, then the businessman will be able to decide whether to accept his payment in Bitcoin or in dollars and again, in a play on words, he gave an example: “If I buy you 1,000 shirts that cost $ 200 and I'm going to pay you in Bitcoin, you have the wallet, but in the transaction, when you do it, you have the will to receive Bitcoin or dollars, that is why it is voluntary, "he said. And once the wallet is downloaded, the merchant is obliged to make the transaction: "If you acquire that wallet, you can make the transaction," Argueta said. According to Argueta, all businesses are obliged to make the transaction in Bitcoin and despite the fact that neither the law nor the regulations clearly state it, if the business does not accept it, it is exposed to referrals of infractions to the Consumer Protection Law. In my opinion, I think this is a welcome development, it can be said that El Salvadorian government are not making Bitcoin payment mandatory (although mandatory) even as it is a legal tender because the payment can be in Bitcoin while the receiver can choose to receive it in fiat and processed automatically. I think the government is just protecting both parties. Although it may seem that the protocol is much more in favor of the consumers than the sellers. But I guess this is just for the greater good of the two. Businesses are required to accept bitcoin as payment for smoother transactions for those who have their funds in the form of crypto. Maybe they obliged the merchants to accept btc to also keep up with other establishments and to boost the sales. In addition, it's better to be that way so that the consumer can pick whatever they want. If they want to pay in fiat or in btc if they came across a shortage of cold cash. This is just like other modes of payment such as accepting cards. The establishments are asked to accept cards aside from fiat so that the customers can have more alternative options to choose from. However, I just hope that they have given enough time for those merchants most especially the small businesses to adapt to such policy because certainly, it will be hard for them to adjust from exclusively accepting traditional payment only before and then suddenly they will transition to a new financial system which requires processing through the network and having owned set up wallet. |
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the same review I got on the site https://cointelegraph.com/news/paypal-launches-crypto-services-for-uk-customershowever, this is a very good step for cryptocurrencies to be accepted in the world. although I often hear that Paypal accepts bitcoin or crypto, this is the first time I've seen it for real. it will also enlarge crypto users around the world, especially Paypal users. however, I think the bull run will come back soon at the end of this year. Indeed. This is another positive news for our community. It is a great thing that the countries are slowly welcoming cryptocurrency despite the tainted reputation it has because of scams and schemes that were forcefully associated with it in the past and at the present. This just means that they are seeing beyond the clouded image of crypto. The people behind the acceptance of crypto are to be thanked because they are giving more opportunities to the citizens to decide on their own, on what they will do with their funds, and how they will utilize it. I commend Paypal in the UK for doing such a thing. This will pave way for the users in the UK to have more options and alternatives on where to trade from. I just hope they will expand its features later because I think the feature that they just added is limited only to trading but does not enclose it with receiving and transferring of assets. |
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Yesterday, September 8, 2021, the Ukrainian Parliament voted for the Virtual Assets Bill. What it means is that, holders of such assets will legally exchange and declare them, and enables companies to register as blockchain business. Here are the main points of change brought by the bill: - cryptocurrencies will be legal;
- market players will be entitled to judicial and other ways of protecting virtual assets rights;
- entities in Ukraine will be entitled to operate international exchanges where virtual assets are traded. However, for this, they (like other providers of services related to cryptocurrencies) will have to pass state registration in Ukraine and submit reports on their activities to the competent authorities;
- the Ministry of Digital Transformation will be the regulator of the virtual assets market; in some cases, the National Bank of Ukraine and the National Securities and Stock Market Commission will also have the authority;
- according to the bill, there will be a new regulator – the National Virtual Assets Regulatory Service (NVARS), which will issue licenses to crypto companies in Ukraine;
- financial monitoring of the virtual assets market will be going under the recommendations of FATF (Financial Action Task Force).
https://decrypt.co/80514/bitcoin-hungry-ukraine-moves-legalize-cryptocurrencyhttps://cryptopotato.com/ukraine-passes-decree-to-legalize-cryptocurrencies/So, it looks like Ukraine is stepping in similar footsteps as El Salvador. Hopefully, the bill gets approved for good, and after that it will be interesting to see which other countries will take a similar pro-crypto legalisation approach. This is another great news for our community. The countries are now stepping their game up and are making bold moves to improve their economy such as the introduction of a financial system wherein the people have full control over their funds. Cryptocurrency is slowly making it to the center aisle. It's very nice to read things like these because finally, the cryptocurrency community is being adapted little by certain countries. Hopefully, there would be more countries that will do the same in the near future so that more people will be aware of what crypto has to offer. |
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If you have friends who are yet to accept BTC, the way they talk about BTC when ever there is a dip will make you think that BTC project has ended.
They will be like, "I heard BTC has crashed"
To me the word "crash" means and sounds like a total or woeful failure.
If the market is on the negative side(losses) there should be some other friendly words to calm the situation to lay man, rather than using the word "crash" which seems like a perpetual exaggeration or failure.
For instance, if a coin has a very good support at $5 and in the future rose to $20 and later on drops to dollar $15 gradually, it should not be called a crash.
It's really subjective. We have different perspectives in viewing something and for instance, this word crash seems awful to you but totally normal to others. The word crash is often used in other forms of investments and not only in crypto. The crash is also used by the investors and traders in the stock market. It is also used by the managers of a company to describe the sudden price drop of something like sales in the business industry. In our community, the crash is associated with the downward movement or trend of coins' value in the market. This is also called or referred to as correction of the majority because a crash doesn't totally mean that the coin won't be able to bounce back. It would regain its position and increase again over some time. It's just that there are some factors that have impacted its trend and caused it to go down but eventually will climb up again. After all, crypto is volatile. We must always expect up and down trends. |
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Apparently according to the source people are targeting the most deprived and economically weak areas which is sad. The companies are trying to scam people away and this is not working well for the people around since they might get addicted for sure.
How should they go about controlling these things? Should the government try and make laws to ban such behavior and such state? I think people should have a minimum wage for sure when it comes to gambling, what do you think ?
Gambling in UK is legal they are not scamming people these are legit companies and they are licensed the government has no control over where the gambling companies are going to set up their shop, they can only warn people about the harmful effects of gambling, gambling companies or any business want their location in a strategic place, where people are very easy to locate them and transportation is accessible. OP didn't say it is illegal, what he was trying to say is that it is in the wrong place because of poor people. Now, you said that they only need to warn them about the harmful effects of it, but I hope you know already that it is not enough to stop people from playing gambling. So the next question would be "Is it poor people's fault if they engage gambling?" the answer would be yes, because we, people like to risk anything especially if we don't have any choice to survive. Second, "Is it gambling business fault?" Well, for me there's a part where they could be blame because of being provocative on building a casino in a very deprived area, you know what I mean. |
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Have you notice how corporations took over the internet ?
I am a web dev and designer from 2008 ...i remember the internet being more human / person to person even chatting was fun back in '00 ...now the internet ...it's like a giant platform to do propaganda / advertise / spam and for narcissists to showoff on social networks like insta and fbook ...in my opinion we need to do something to get the vibe and freedom back ... else small businesses will have 0 chance against corporations and people will be continue to be programmed in to thinking the internet should be like it is now.
Not good for the economy not good for people.
It's similar to bitcoin when the movement started ... it was fun ,now di.ks with suits (fund managers ) started to hoard it...sure it is 50k now ,but you can't use it for the reason it was created... to be a currency...
Even youtube lost it's charm with does ads...
Everything in this world evolves. That explains why most corporations are now taking over the internet. Almost everything on the Internet nowadays is about business. The different platforms we use are businesses by the elites and they make a profit by running ads on their platforms. Like for example, back then, you can freely scroll and watch videos on youtube and Facebook without interruptions. There were no ads or if there were, they were only very few unlike now. At the present, most videos you'll watch contain advertisements already. This is completely legal though. Only that it really interrupts us from watching instead of listening, watching, or reading without a disturbance. We just really have to adapt or we could opt to purchase a premium subscription if it really bothers us so much. It's really business. You don't buy or you buy, they make a profit in every possible way they can. |
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I am Venezuelan, my life changed since I used cryptocurrencies for almost three years. But we are not the majority, we are still few. I think that if we increased we could get a little out of poverty. We need the interest in bitcoin and cryptocurrencies from the main engines of our economy to be able to boost all economic sectors. There has been interest in private companies but progress has been little. Perhaps due to the pandemic but I have not yet seen a noticeable progress that is sustainable.
When the economic indicators show growth thanks to these investments, we can affirm that Venezuela also achieved it. That is why I can tell you that we are still a minority in Venezuela who see their future with bitcoin and cryptocurrencies.
That's good to hear that cryptocurrency has affected your life in a positive way for 3 years now. I'm happy that you can get by, earn, and save with the help of crypto. Crypto offers a vast horizon of possibilities and you just have to utilize it as well as the resources you have. Researching before entering crypto is a very essential step to be able to succeed and achieve your goal the moment you decided to take a risk. I commend you for taking little steps to achieve your aspiration which is to get out of poverty. I just really do hope that you'll grow in numbers so that altogether you can boost your economy. You can educate first the people around you to get to know bitcoin and how it works. From there, you can expand your network and reach whereas you can acknowledge more people to invest and use btc. But of course, let them know all the angles most especially the risk that comes with investing. Let them know that crypto isn't a get-rich-quick scheme. The progress doesn't happen overnight and it takes patience and effort to make a profit. Looking forward to hearing your story next time in the future when Venezuelan citizens are making the most of btc. |
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I recently got 10,000 USD after my FD (Fixed deposit) matured and now i want to invest all those in the crypto world as the returns are best here.
Please suggest me different places where i can invest these 10,000 USD in the crypto currency world as i never done big investement in crypto before so please give me some ideas.
$10k is a huge amount of money for me. I suggest you diversify your funds to avoid regret later on. Invest in the top coins for the long term and spot on some altcoins that you think have the potential to have a price increase. It's good to invest right now that the coins in the market are in its low position because you can make the most out of your money most especially when you invest in bitcoin. Also, always remember that invest what you can only afford to lose. This is the golden rule in investing. Do not follow the hype without background checking if it is worth the risk to invest in. Aside from investing your fund in top coins, you can also take a look at the popular and promising NFT games at the present. So far, the Axie Infinity has a huge potential to make your funds grow when we talk about the long-term goals. Their whitepaper seems really good. The developers are active so you don't have to worry about them abandoning the game. This game has been the 'founder' of p2e games and is at the top of its game amongst the rest. Just do your own research of course before diving into it or in any investment vehicles to avoid losses. |
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Bitcoin is on the way to becoming an official legal tender by the government, even though there have been so many obstacles along the part the El Salvador government will on the 7th of September accept bitcoin as a legal currency within the country, can we say we are in for another long runoff for Bitcoin market.
Alas! Bitcoin has been officially accepted as legal tender now in El Salvador. They managed to push through with their initial plan which is to implement it by now and that means success on their end. However, you must know that El Salvador isn't really a well-developed and powerful country unlike that of the US and China which means it will not really have an effect on the market trend. Unlike when such a brave move comes from the developed countries, you will see a positive correlation in an instant and vice-versa. Although this is still a good thing to celebrate - bitcoin is being slowly adopted by the countries which means we're taking a positive path right there. Hopefully, there would be more countries to follow such initiatives made. |
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Next Country to accept bitcoins is legal tender will be BLANK? Serbia.
I've read that there are talks about Bitcoin becoming legal tender in countries from Central or South America, but Europe? Nope. Serbia is about to get into EU by 2025. This may also mean that they'll look towards EURO more than Bitcoin, although EURO is still very far. I don't think that Serbia is such a good candidate, at least not until at least one of the prominent EU countries makes such a move. I agree. I also don't think Serbia is a plausible next country to accept bitcoin as legal tender. While their citizens are enjoying the opportunities bitcoin has to offer, I think their government isn't much fond of crypto the same way the Serbians do. The focus of their government officials is on their own currency which is Euro. And this scenario isn't really surprising because Euro has a good potential as well taking the dollar aside. As we all know, Europe is also at the top of the game with developed countries and good economic states all over the world. The most probable countries to follow the step of El Salvador in accepting btc as legal tender are those countries in South America specifically Paraguay which has been said to slowly adopting bitcoin. |
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Bitcoin ATM has been a thing already for the past 2 years I think and there are over thousands of it all over the US. It's just that it's becoming a trend nowadays maybe to garner more customers and be the talk of the town. This seems like a free advertisement to me since the people would do the talking to spread the news themselves. Although this is still a positive thing because bitcoin is already welcomed in the financial systems of certain countries. It's still a nice thing that bitcoin adoption is slowly entering this modern age. However, this kind of thing usually asks for huge transaction fees. I just hope they will find a way to transact in lesser transaction fees+ because if ever they will continue with such a high fee, the people will eventually abandon using btc and just use fiat money again instead to avoid the unnecessary fees in every transaction they will make. |
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I don't hide from my family that I gamble. If a person hides his hobbies from the people closest to him then he does not trust them and I am a supporter of complete trust in the family. Besides, if I suddenly become a gambling addict I want them to be the first to know about it and help me. The only thing I think it is necessary to protect children from this information because adults set an example for children by their behavior. And this example cannot be called the best.
Lucky you for having a healthy family relationship. Most of the gambling addicts cases are they don't have any good relationship with anyone, that's why they do anything to "lighten" their lives by going easy go lucky, exploring everything (mostly bad things) because people like thrill especially if their life is so miserable and boring, most of them ended up destroying themselves because their mindset is that nobody cares about what they do. |
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This is a good way to make an NFT or blockchain game, make the tokens a deserved reward for those who win with poker. But I think that this will definitely be monopolized by really good poker players since it's already obvious what's going to happen next. I think there's no problem with this one and I do welcome this kind of stuff from happening.
That's what I thought as well but this could be easily solve via rankings, like the usual games. Players would have ranking tier, like for example rank A, B, C, so on and so forth, to avoid pro players playing newbie players, this way it is gonna be fair in my opinion, if they won't have such thing as ranking, then yes it is going to be monopolize by pro poker players and it's gonna be one-sided. |
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If that is the case then they should ban sports betting, it's like they are killing this industry, sports thrive on sponsorship without it the team is at the mercy of gate sales the government should also take care of this industry because they are compliant and they are paying their taxes and many will be affected by their actions it has many jobs and industries attach to them.
Government will never do such thing like banning sports betting, because gambling businesses contributes a lot in a Government (taxes) that's being use in their country (hopefully) and not to their own benefits like corruption. Many people could still use the latest technology called internet in order to find anything, banning ads and any promotions of gambling will never affect their daily bankrolls. Advertisements that are shown in televisions and social medias are just to inform what's new about them, etc. People who want to play gambling will find their way to get what they want, always. |
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From the past until now in gambling games only two possibilities will occur (WIN or LOSE). But there is a strange phenomenon that often occur in gambler, when a person experiences continuous defeat, he will be more curious about the results to be obtained, thus making the gambler unable to resist the urge to continue gambling or risking something without considering the bad effects that can befall him, and in the end a person will be increasingly addicted to gambling, it's all caused by the sensation of feeling tense while waiting for the results of winning or losing when gambling becomes a pleasure for players.
The curiosity will become bigger, no matter if he wins or loses because when they win, they will want to make more winnings, while if they lose, they will be curious about how to win the games. The gambler can stop if he had control over the games and does not hesitate to stop gambling while still having time to stop. And if we play with some people with us while they do the other thing, they can be curious about what we did and ask about it. We should consider playing gambling alone without other people seeing unless if we gather with some friends who play gambling together, that will be different because we will not disturb each other. I don't know why people act like that, I mean losing while chasing your losses is boring, for me. It's meaningless, the neverending frustration you'll get for being an amateur in gambling yet has the audacity to go up against the house claiming that they would beat it. I guess the reason behind it is they don't have anything to lose, or maybe they don't have anything to do to entertain themselves therefore they stick to it even though they are just literally throwing their money. |
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