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2901  Economy / Gambling discussion / Re: Uk most deprived areas have the Highest number of gambling outlets. on: September 07, 2021, 05:14:50 AM
Businessmen taking advantage of the poor people's desire to have more money is common in all parts of the world. You see a lot of poor people flock lottery booths and different gambling places so I'm more surprised to read the statements of the people in the news article as if it's something new. "Disturbing" hehehe

I agree to this.

Business is business to them, though earning from poor people ain't that big compare to wealthy people playing gamble on their other casinos but money is money to them. Rich people only care about themselves, it doesn't matter if they go against on poor people as long as they are making more money, they don't have conscience at all unless you're on par with them.

The government don't have anything against it as long as they are legally permitted on that place, because Government likes money as well. This world is just all about money, in my opinion.
2902  Economy / Gambling discussion / Re: [WARNING!] For gamblers using coins.ph on: September 06, 2021, 11:07:39 AM
I have learned from it few years ago and that's kinda something expected from a regulated custodial wallet which happens to be strict in anything you do.
I have read some post before about Coins.ph blocking accounts because it has a gambling related transactions.
That also made me think, you could also be questioned for receiving payments from a gambling related signature campaigns If the campaign uses the funds directly from the gambling website.
So, I guess its safer to use Electrum and other trusted external wallets.

Best to be aware than feeling sorry when the time comes and you are the one who experiencing this same situation, government will detect our transactions using centralized exchange, Coins.ph are registered to our country that's why they needed to comply with all the rules being implemented inside our country.

If you want to secure your asset, better to separate your wallet. Using alternative which you can store your coin with no inference with any government such as Electrum or other trusted wallets are good ways to continue enjoying your gambling activities.


Good suggestion, we have Electrum wallet, we can use it, and though you have to pay an extra transaction fee it's still okay compared to risking your account that you might not be able to register in the same platform again, and worst if they will confiscate your funds.

The transaction fees now are very cheap, you can send with a fee of less than a dollar, so that should not hurt your wallet.

Just be safe as it's not good if the government will be after you, you have a little chance to win.

Furthermore, using non-custodial wallet is much safer and convenient rather than using a custodial wallet which you are not in control when it comes to your funds. I've already discussed it with coins.ph, if they have an exception (signature campaign) but a gambling based one, and the answer is they don't allow it.

So let's not push our luck on this one. Using electrum is very user friendly especially you could edit the transaction fee (their new feature, I guess) since the old versions didn't have it if I'm not mistaken.
2903  Economy / Gambling discussion / Re: Do not make curiosity to people around you while you are playing gambling. on: September 06, 2021, 10:20:14 AM
It depends, but yes, that mostly happen because of the peer pressure around you, what you see is what you'll become. Another reason is revenge, or simple logic reasoning, that what's wrong of trying the same thing if her parents are doing it for so long, kind of mindset like.

The other scenario is that the person will do the exact opposite because she sees the effect of being a compulsive gambler, so instead of becoming one too, she decided to become a better one for herself, because she don't have anyone to rely on to support her dreams and future.

We always decides what we will become. We just have to be mature enough and handle our lives well to be able to beat the urges to be a dreamless person that is contented on staying on the same place for his lifetime.
2904  Economy / Gambling discussion / Re: Seriously! three times...the individual vs. combined probability. on: September 04, 2021, 07:28:27 PM
snip
Not surprising and this is a common behavior for most gamblers on whenever they do saw some patterns then later on they do make out presumptions that neither do hit or not and when it happens then for sure

they would really be sticking out into their minds that it does work and surely be used on future games to come but once reality do slap you in the face then you would surely tell this thing to yourself that

no guaranteed strategy works in gambling unless if you are dealing with strategic based type of games like poker but speaking with luck based then its impossible, everything is random.

I agree.

This kind of patterns most often are just traps, to ruin your plays, because you'll have second thoughts on what to do next, and when you bet on that number, the house will counter that by their own algorithm that assure their wins most of the time. So when you go into their trap, you're pretty messed up and your whole day would be all just about frustration saying "I should've stick to my plan".
2905  Economy / Gambling discussion / Re: Are athletes also becoming problem gamblers? on: September 04, 2021, 11:46:04 AM
I disagree.

As you've mentioned, athletes has high IQ, meaning compare to normal gamblers, they are the ones who are literate when it comes on how gambling works, furthermore, athletes are busy and dedicated to hone their skills even more that's why I doubt that they have time to be addicted in gambling.

The type of people who are prone in gambling addiction are those who are illiterate when it comes to gambling, doesn't have any hobbies to keep themselves busy, that's the most type of gambling addicts you'll see.
2906  Economy / Gambling discussion / Re: [WARNING!] For gamblers using coins.ph on: September 04, 2021, 10:58:26 AM
They prohibited it since day 1, so if you're not aware of the rules and regulations of their platform, your account is going to be put on "limit" or "hold" and you need to set an appointment to them (video call) before they return your account back to normal, if you failed to do so, your account will be forever on limit.

Luckily now they already put a warning for the user to think of his next action on using his account. I suggest send your XRP to other cryptocurrency wallet such as coinomi that supports XRP and other cryptocurrency to avoid getting your account in trouble.
2907  Economy / Gambling discussion / Re: Metaverse x Gambling on: September 03, 2021, 04:02:02 PM
Who else thinks that these kind of thing may hit mainstream sooner or later? I don't know if this is something new but seen a  news from Decentral Games that they are launching a play-to-earn Metaverse poker. Others predict next to NFTs boom that it could the the Metaverse hype. Any thoughts?

Quote
Over time, we believe several projects will attempt to deliver play-to-earn architectures. However, due to the state of Decentral Games’ current product and community, DG is in a lucrative position to take advantage of this new wave in gaming with a first-mover advantage. We’ve already built metaverse poker, blackjack, roulette, backgammon, and slots, which are games enjoyed daily by our community through memorable events like live music performances, casino night competitions, poker tournaments, and more.
https://decentral.games/blog/decentral-games-announces-play-to-earn-metaverse-poker-ice-token-rollout

NFT's are indeed in trend right now, the only difference is that most of them are like ponzi scheme, they are only good at first and then suddenly they are gonna downgrade their game and leave it after many investors invested on them. Play to earn poker would be a hype since many people know how this game works, and might be good if they are going to offer PVP as well and not player vs. house only.

If I'm not mistaken, there's a app like poker in playstore which is a play to earn game but you need to earn a lot of coins in order to convert it on a currency, consider it like a faucet since the earnings is very small.
2908  Economy / Gambling discussion / Re: Spain bans betting adds - no celebrities, no sport sponsorship, no daytime adds on: September 03, 2021, 03:15:52 PM
I know that gambling is being promoted on TV every midnight but here in my place, only lottery is the gambling they promote. The rest of the gambling platforms are being promoted via Facebook and other social media platforms, that's why parental guidance is always important for kids if that's what they are aiming for, to reduce children being expose too early in the gambling world.

Banning it on TV for a certain reason wouldn't hurt them that bad, I guess. There's a lot of ways on how to cope up with that.
2909  Economy / Economics / Re: Is there a possibility of a Country to ban access to Crypto games? on: September 03, 2021, 02:18:26 PM
Right now, Government of my country is in a process of trying to track players/account holders of a one crypto game to ask for tax because of fast and good earning rate, and I think it's not possible. So in my conclusion if they can't tracked players, is there a possibility of a country to ban this NFT game? I want to know everyone's opinion.

I don't think the government is capable of banning the NFT games in an instant. If ever they would plan to do so, it would surely take some time and it wouldn't be guaranteed that they will totally hinder the players from bypassing the law. Nowadays, most people already knew how to bypass such banning of websites and the likes. They would certainly have a tough time in touching the decentralized game such as Axie Infinity even if they wanted to because the company is far ahead from their reach to begin with.

The government can't even tax NFT unless the exchanging process of the tokens to fiat will go through a platform that requires KYC, which is regulated by the government. They won't be able to track every single player because KYC isn't even required in the game in the first place. Hence, the taxation would purely be voluntary because every transactions of each player can't be monitored.

I just find it funny because way back when Axie Infinity isn't  really well-known p2e game yet, they kept on saying it is a scam. Now that they knew that the players are earning money, suddenly they want to tax them. Such a shame to the corrupt officials who just want to take advantage of every single penny their constituents earn decently.
2910  Economy / Economics / Re: A way to make money online? on: September 02, 2021, 03:40:52 PM
Im looking for a way to make money online. I have a website in development but I would like to find a way to make some extra cash while the website is in development. I would just like it to not be Surveys, or Dropshipping. Got any ideas?

You can offer your time, talent, and skills online. You can make use of the aforementioned factors in freelancing and maybe setting up webinars and seminars about how to be a programmer/web developer and ask for fees to the willing participants in exchange of certificate they could use when they apply for jobs. You can also sell online the things or even food that you think will be sold over a short period of time.

There are many ways to earn online nowadays because most people have internet, smartphones, and other gadgets they could use to purchase without the hassle of going outside. Check what are the things that are in demand and you can possibly do, then start from there.
2911  Economy / Economics / Re: Cuba the next country to accept cryptocurrencies? on: September 02, 2021, 02:34:47 PM
This is really good news! We have already known that Latin American countries have been very interested in making Bitcoin legal tender. El Salvador has started this chain. And now, finally we are seeing a new country doing so also. But this is the first step for it of course. First, they started leaning towards accepting payments with Bitcoin. Next, they will be leaning towards making Bitcoin legal tender as El Salvador.

It's a piece of great news that Cuba has been planning to accept cryptocurrencies in their country. Although it is already a known fact that their citizens have been using it for over the years already. Maybe they saw this chance to finally accept crypto since their constituents have been on it already, why not adopt it for real and make it lawfully legal? After all their economy could benefit from it as well. I just hope there will be no personal agendas and interests involve aside from making the country better again and providing the needs of their people.

Truly, mass adoption is slowly happening. El Salvador's move in accepting bitcoin as legal tender paved way for other people to follow their step. Hopefully, in the future there would be more and more countries that will see what crypto has to offer and adopt it in their country too.
2912  Economy / Economics / Re: Bullish or nuts? Fidelity predicts $100M bitcoin in 2035 on: September 02, 2021, 02:02:35 PM
2035 is 14 years from now. There are so many possibilities that could happen in span of 14 years. Although i think $100M is a little bit exaggerated for a price of 1btc but it could happen. It's not really impossible given that bitcoin is limited. Maybe if you will apply the law of supply and demand, that could happen because in 14 years, let's say all bitcoin is already mined. There would be a very limited supply. The scarcity of it will make its price go higher and higher because many people will have an interest to buy it, but only a very few supply is available. Hence, price will start to pump until it reaches its peak value.

Back then, the price of btc is relatively low compared to its price today. Who would have thought it would pump that much? The believers are surely in a happy place for trusting the prediction and holding for this long (from its establishment until present).
2913  Economy / Economics / Re: Bitcoin or altcoins on: September 02, 2021, 01:29:53 PM
Usually, altcoins increase and decrease more than Bitcoin does, because they have a smaller market cap.

To make thing clearer, when you increase the Bitcoin's market cap by buying it, you surely affect it less than you would with an altcoin, due to the market cap's difference. So you'll influence the price of an altcoin more than you will with Bitcoin, because the market cap will proportionately increase more.

It's riskier to invest in altcoins, because it's easier to manipulate their price.

In a bear market, altcoins fall faster than Bitcoin (ie Bitcoin dominance recovers somewhat but has to wait for the next bull market to go really high.)
This is just my own opinion, but I believe that the majority of the world wants Bitcoin and will get rid of their altcoins in a bear market to be wealth assured.

If you want to earn and invest in btc but do not really have the capacity to buy it for now, altcoin can be one of the best options to invest on. Altcoins are comparatively much volatile than btc so make sure you are always checking the chart. You can do spot trading and be a scalper to gain profit that can help you buy the desired amount you want on btc. You can also buy altcoins that show potential and hold it until it skyrocket.

Although remember that like what i previously said, altcoins are much volatile, meaning it possess higher risk if ever you want to invest on it. I agree with what you said that because altcoins has much smaller market cap, it's way too easy to manipulate unlike that of btc. You can still invest in both if you want to diversify your funds. Personally, i hodl btc and some altcoins that i think will soar in the future.
2914  Bitcoin / Bitcoin Discussion / Re: South African Man Loses $900,000 Worth Of BTC After Accidentally Deleting Keys on: September 02, 2021, 12:51:19 PM
This is such a tragic event for every investor and holder of btc. Given that huge amount of btc, it's really necessary to always be careful and have back ups on where to store your private keys aside from just storing it online. Because events like this really happen and when it happen to you, you will regret big time for not being extra careful on securing your assets.

There is still a possibility that his private keys would be recovered. However, it isn't guaranteed. He should definitely hire experts in the field of restoring because surely this won't just be an easy work. Computers, softwares, and skills are needed to do such work. It would be very tiresome and would certainly take time. Paying the professionals is one of the possible way, but he should also know that whether they would recover his private keys or not, he should pay them for their service. Also, there's a possibility as well that if he happen to stumble upon greedy experts, they wouldn't return his keys despite recovering them. It's easy to lie after all that you haven't recovered it and still be paid, then you have the keys for yourself.
2915  Bitcoin / Bitcoin Discussion / Re: The used of Bitcoin in Africa on: September 02, 2021, 12:18:25 PM
The African continent has such a large population and this can be a very good market share for the development of digital currencies. some weaknesses that must be addressed are infrastructure, because in the African country at present Infrastructure is a major problem. technology can still be said to not be too good in countries in the African continent. what the government needs to do on the African continent is to improve infrastructure first so that someday later digital currencies can develop and be facilitated well for all citizens on the African continent.

Development of digital currency during this time can be of great benefit to the citizens of Africa which is also at the process of development. Addressing the infrastructure problems is one of the steps to make Africa better since infrastructures connect and build opportunities. However, i think there is much larger issue that needs to be resolved such as addressing the needs of the citizens which is having the basic necessities they need in order to survive.

Africa is rich in natural resources but despite this, this continent is still considered to be one of the poorest countries in the world. If only they would know how to utilize the resources they have, they would improve for sure. What they need to do is to make use of what they have in a good manner and eliminate corrupt and close minded politicians. The officials should be strategic and open minded about cryptocurrencies so that the citizens can make use of all the opportunities it offer. Of course, the legality of crypto in a country is still in the hands of the officials. If they aren't against it, the citizens can enjoy the limitless possibilities and opportunities without the fear of being looked after by the law.
2916  Bitcoin / Bitcoin Discussion / Re: Bitcoin as primary currency on: September 01, 2021, 03:17:10 PM
Hello bitcoiniars I am working in a private liability company and I want to receive my salary in Bitcoin which is around $1500 monthly my main aim is to use it as an investment now my confusion is how do I service with paying off bills I have a few hours a day to myself which I can use for another side hustles. Please, what do you advise I do in other to hold at least 80% of my salary in bitcoin?

IMO, receiving your nearly full salary in bitcoin isn't really a  smart move. You would have a tough time using bitcoin as your primary currency. You would undergo the hassle of converting bitcoin into fiat once you need money to pay for your rent, phone bills, to buy groceries, and other stuff that you need in order to survive. Unless you have a fund allocation that can keep you alive for the rest of the time you will be accepting btc as your salary.

You have to know the pros and cons first before deciding. Weigh the advantages and the disadvantages it offers. You must also know that if you'll accept btc as your salary, there would be times that you will receive more or less depending on the price value of bitcoin in the market. IMO, it's still much better to accept fiat as a salary and then just save it so that the moment bitcoin's price goes down, you can buy more with your money at hand. Or you can also opt to receive a portion of your salary in btc. Let's say 20% of it. So that you still have money to spend on the things you need and you have an investment at the same time. This is just my opinion. Do what you think suits you best. I believe you know your spending and saving habits more than anyone else in this forum.
2917  Bitcoin / Bitcoin Discussion / Re: Bitcoin Addict on: September 01, 2021, 02:28:12 PM
Lately, I exhibited some character which to me is an addiction.

Whenever I close my eyes, I see the bitcoin logo and price just like the way it is on my device at first I thought it was normal and will fade away with time but it has persisted to this very moment while I was discussing with my other Bitcoin lovers they told me that now an addict.

So I would like to ask, is there anything like a Bitcoin addict if yes then please tell me how to become one, cause I will gladly get addicted to Bitcoin again, and again I will become a Bitcoin pro-addict if that is the case.

Will you get addicted to Bitcoin if that is possible?

Like what other users say, I think it isn't an addiction, but an obsession with bitcoin. Addiction is something different from obsession. Addiction is being dependent on something until you can't let go and get rid of that certain thing or routine which interferes with how you behave. Meanwhile, obsession is the thought of being so caught up and preoccupied about something and it seems that you can't get it out of your mind. Addiction requires treatment to overcome. Obsession sometimes requires medication for those severe cases, but for those mild cases, diversion of attention such as recreational activity and other forms of activity will do to keep you out from being preoccupied about the thing that you are obsessing with.

I suggest you do other things such as hobbies to let your mind take a break from thinking about btc. Diversification of funds is essential. You must remember that you should not put all of your funds in one place to avoid major loss if things go worse. Also, invest what you only afford to lose. Every investment has its risks.
2918  Bitcoin / Bitcoin Discussion / Re: Let's Say Bitcoin is scam on: September 01, 2021, 01:39:10 PM
There were many topics created about Bitcoin being a ponzi, being a scam, fraud and such.
People will always have something to say about anything which they don't understand. So if you know people who are considering this technology as one, then leave them be. We just cannot force everyone orto please them to appreciate the way we see Bitcoin and other cryptos because they won't get it. It is ofcourse, not. Those who are talking negatively have their own reasons and more likely one of those reasons are related to expectations which are not met. The idea of Bitcoin as an investment is easy profit in which we know that it is not. It would be okay to share your knowledge but forcing them will be nonsense if in the first place interest is already lacking.

Indeed. A lot of illegal activities are often forced to be associated with bitcoin by the haters that is why most people really think it is a scam, when in fact it is not. The majority are just not knowledgeable enough about it and do not accept to be educated on which is often the cause of the argument and the spread of fake news. At the present, we have so many ways to verify information that we heard or read online. It's just up to us if we will countercheck and see for ourselves if the things we knew about it were true or just lies. Bitcoin isn't a get-rich-quick type of scheme that most people claim it to be, hence, people should avoid that high expectation which is to get rich and profit highly quickly. It takes time. It isn't an overnight process. Patience, effort, strategy, and trust are needed to hold so that in the future, we will be able to harvest everything we've sowed.
2919  Bitcoin / Bitcoin Discussion / Re: Next US president pro-bitcoin? on: September 01, 2021, 12:59:39 PM
What would happen if someone, lets say Bob. Goes out and says "We got a problem. Previous governments have been doing too much QE. Inflation is going wild. We will now adopt Bitcoin as legal tender."

Would Bob get elected? Or would majority of people not like Bob?

I don't think that bitcoin will tip the tide for any presidential candidate, yeah good that one of his platform is to adopt legal tender. But there could be some opposition against it in the US. So not a sure fire platform for anyone. So 50/50, others might like it, and others don't. And US being a superpower, I doubt that they are going to adopt bitcoin as legal tender, for them dollar is still the world currency.

Valid point. Not everyone likes and is knowledgeable enough about crypto. There are many people who are, as a matter of fact, loathes its existence. Hence, using this as a platform will not really guarantee a vote from the citizens  because there is always an opposition that always try to bring platforms and projects down the moment they learned about it because they think it is not beneficial and just harmful. In addition, dollar is still the leading currency among every currency. It is still the global reserve asset. It is backed by the government and the central organizations. Surely, they won't just allow bitcoin to take over that instant. Given that bitcoin's nature is volatile and decentralized. I really don't think they would do such move that can compromise their very own currency.
2920  Economy / Economics / Re: What could make a hacker return stolen $600m crypto on: September 01, 2021, 12:24:02 PM
There were several times already that the hackers who have stolen a huge sum of money returned back what they stole to the company. I guess hackers do this either because they just want to expose that the security of the company has its weak spot that needs to be addressed and fixed or they suddenly realize the gravity of what they did and decided they can't go and push through because there are still many obstacles that need to be destroyed. Although I think most of the time the reason is the former. I don't think the hackers would go to such great lengths if they aren't equipped with enough knowledge and skills to totally bag the assets. They just want the company owners to be shaken and show the risk of being complacent about the security. Because once the security is infiltrated by hackers and is compromised, all the savings, assets, and investments of the people who trusted the company are at extreme risk. Consistent maintenance and update is a must to avoid scenarios like this. A lesson with a grain of salt to other ceo's.
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