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3021  Bitcoin / Bitcoin Discussion / Re: Google starts accepting Bitcoin ads on: August 05, 2021, 11:51:29 AM
Google has begun to accept advertisements for Bitcoin, and Google lifted its ban on advertisements related to Bitcoin and other cryptocurrencies. Starting August 3, companies using Bitcoin and cryptocurrencies can once again advertise on the search giant and various websites that are part of its platform. The ban was implemented in March 2018 to comply with the new regulations of the Financial Crimes Enforcement Network of the United States (FinCEN).

Article Source: https://updateonbitcoin.com/google-lifted-the-ban-on-advertising-related-to-bitcoin/

It's a piece of great news that google has lifted the cryptocurrency ads ban. Google was just following protocols before that lead to the banning of advertisements related to crypto because crypto has a bad reputation then. Fortunately, the cryptocurrency community has been able to redeem itself by proving that it is beneficial and not harmful at all if done correctly. Crypto is often associated with schemes, scams, and illegal activities which is why it was commanded to be taken down and be prohibited to be shown on Google platforms.

With this, the price of bitcoin in the next few months has a high tendency to be influenced. Bitcoin's price can go high because of this. Many potential investors can be encouraged by this news because it already came from Google itself - trusting cryptocurrency once again. This will be a great instrument for more exposure that can garner many users which can play a significant role in our community. I just hope Google will filter all the ads to be displayed upon the platforms to avoid promotion of unsafe sites and information about bitcoin and other cryptocurrencies.
3022  Economy / Gambling discussion / Re: Poker casino but need KYC, is this really necessary? on: August 04, 2021, 03:05:15 PM
If you think the amount of money in your account doesn't worth it with your personal information in return, then just ignore it and find another gambling platform that doesn't require KYC so your problem will be solved. In my opinion, providing your personal information just to be able to withdraw your funds is risky, however, it is not (I guess) if the gambling platform is well known by everybody especially the Government in your country.
3023  Economy / Gambling discussion / Re: Gambling Exposed to children on: August 04, 2021, 01:46:36 PM
I think children will never bother trying gambling after seeing those ads and promotions if their parents raised them well to understand what to do and what not to do as a kid. Good parents will always have great kids and great kids know how to choose their friend wisely.

You can also monitor your child browsing history if you'll set it on your internet settings. This is why being close to our children is important, so they will never be shy opening things on your no matter what they are.
3024  Economy / Gambling discussion / Re: Motivated by "breaking the code" on: August 04, 2021, 12:33:42 PM
It's interesting, but it's nothing more than automated money management. Even in a game as simple as dice, you can choose the odds you want to play with. This is not the case in slot machines, the whole game is reduced to pressing the start button and choosing the size of the bet. In my opinion, this is too primitive to play at least some long time in such games.
If you compare slots to other chance games, it's pretty much the same. Except you want to compare it with the likes of poker or table games.
Complex slots do exist, where you can choose the number of lines, lock/nudge the symbol, plus you can also pick volatility from thousand of games.
Dice is way more primitive than slots, but if you like it more than slots, feel free to ditch slots Grin



Exploiting game violates ToS so the provider will not pay your winnings (if you get caught). So it's not only just about "breaking the code" but also about "not getting caught."

I agree.

However, dice might be primitive than slot games but at some point, the way their gameplay is just very similar, all you have to do it to press once and wait for the result. They just change a little bit but for me it's the same. Slot machines sometimes can get exploited but it's a very rare occasion unless you're a good one when it comes to exploiting games. Nobody wants to try it because if you'll get caught, the jail is your only room waiting for you.
3025  Economy / Gambling discussion / Re: The houses always win, are you the house or the gambler? on: August 04, 2021, 11:52:27 AM
Using the term "idiot" for those who are risking their money in gambling is way below the belt. You can't blame them and call them "idiot" for making a choice to know the result, that's part of our lives, making choices. It's better to risk than doing nothing at all while keep on thinking what might happen.

But it has a consequence of course. Pushing yourself too far just to make money in gambling will lead you to addiction that will make gambling even more harder than your first time doing it.
3026  Economy / Gambling discussion / Re: Will physical casinos accept crypto someday? on: August 04, 2021, 11:08:16 AM
There are plethora of online casinos (gambling sites) which accept popular cryptocurrencies like Bitcoin and Ethereum. This is good because you can place your bets anonymously without all of the hurdles involved with Fiat. No KYC, means freedom. The only downside is that you'll be missing the experience of gambling in a real world setting. Physical interaction is not the same as going virtual.

Just wondering how this thing works? I mean if it's done online, then what's the difference between a land based casino and a online casino?

I've been wondering what's been holding back real world casinos from adopting crypto? It is because they fear a government crackdown? Or because of crypto's volatility? With how popular crypto/Blockchain tech is right now, there should be at least one physical casino you can go to and place your bets with crypto. Thoughts? Huh

Most of them are afraid of cryptocurrency volatility, or they just don't want it because they don't know how it works, that's why they stick to fiat only when it comes to betting. Also, not all of their customers would probably use cryptocurrency therefore they don't have a choice but to continue to accept fiat instead of cryptocurrency. I mean, what's the point of accepting cryptocurrency as a bet if nobody on your players are willing to use it.
3027  Economy / Economics / Re: Bitcoin investment on: August 03, 2021, 03:40:26 PM
I am investing Bitcoin today even if the price is still very high and risky. I still believe in some speculation that btc will rise up to 100k$ before the year 2021 end, that is why I buy some Bitcoin and hold it till the price reach up to 100k$ may I know what are you thinking this time is it a Time to buy or hold or what ?

Investing in any platform is risky, not just in cryptocurrency. When you do things unprepared and without enough knowledge, there's a higher tendency for losses. That is why someone must research and study about investing in bitcoin first before actually doing it.  Risking is a very important step in order to gain, but of course it must be done responsibly.

If you plan to buy now that bitcoin's price is at higher position compared to its value last week, then you'll hold it until it reach $100k, then I guess it's not a bad idea. Buying bitcoin right now considering its price is still okay as long as you are patient to hold it until you reached your target value. You will still profit if ever the price of bitcoin will pump as high as your assumption by the end of this year. However, also take note that nothing is guaranteed most especially now that we are still at the half season of 2021. Bitcoin's price may go up or down depending on market demand and major movements in relation with it such as mass adoption.

If you have a goal and determined to hodl until your capital gains profit, then I suggest you go for it. Still up to you though. Do what is aligned to your plans accordingly.
3028  Economy / Economics / Re: Bitcoin as a speculative asset or as currency on: August 03, 2021, 02:43:20 PM
It's a bit annoying but I still believe that it is a combination of both speculative asset and currency, because I believe that it can do the work of those two, I mean Laszlo has used bitcoin for two pizzas right so I don't think that we can't discount the fact that it can be used like a currency entirely.

Valid point.

Bitcoin is both a currency and a speculative asset. Bitcoin is really intended to be used upon transactions, only that it is decentralized. However, due to limited available counter and establishments that accept bitcoin as a payment method, bitcoin as a currency is seldom recognized. Although there are a lot of companies now that has open their doors to bitcoin adoption, we still need more to be able to fully utilize it in transactions. The processing fee and transaction fees need to be improved as well. Higher fees and slow processing time of each transaction hinder the users to transact using bitcoin. Meanwhile, bitcoin's volatility makes it a good speculative asset that is why most people invest on it nowadays. Bitcoin provides more opportunities to gain profit in short term and long term. It's just up for the people to decide which they will do.
3029  Bitcoin / Bitcoin Discussion / Re: The more popular Bitcoin is, the more valuable it is? on: August 03, 2021, 02:04:04 PM
The value of bitcoin mainly depends on the demand in market. The popularity of bitcoin has helped gather many investors which increases the demand that causes bitcoin's price to pump. So, to answer your question, yes, the more limelight bitcoin will have, the more valuable it may be. Of course, aside from the market demands, the whales also play a great role in the dump and pump of bitcoin value. Aside from this, let's also consider the volatility rate of bitcoin.

Bitcoin has continue to exist during its establishment up until today. It is a nice form of investment vehicle which why there are more people each day entering cryptocurrency. While bitcoin can be also used as mode of payment, the availability of the establishments accepting it is still limited at the present. Hence, more people are using it as a store of value and as an asset instead of currency. It is still good for the community because there are still movements that control and balance the market.
3030  Bitcoin / Bitcoin Discussion / Re: Getting paid in Bitcoin vs getting paid in Fiat on: August 03, 2021, 01:23:17 PM
Many people are getting paid in Bitcoin these days, as the cryptocurrency grows in popularity worldwide. A salary in Bitcoin is quite a lot different than Fiat. There's no middleman to go through, so the coins are deposited directly to your account without any ID verification whatsoever. Transactions take from minutes to hours in a completely anonymous manner (sort of). One might say it's easy to avoid taxes when getting paid in Bitcoin than getting paid in Fiat. After all, no one will know you own the coins unless you disclose it (or the government is able to link transactions to your identity). Yet, Bitcoin's highly unstable price makes it a terrible currency for day-to-day payments.

Which type of currency is better for paying employees? Is it Bitcoin or Fiat? Do you think we'll be able to see more jobs paying Bitcoin in the future? Or will Fiat still dominate the jobs industry? Is working for Bitcoin just like working "under the table"? Your input will be greatly appreciated. Thanks. Smiley

Getting paid in bitcoin and in fiat have both its advantages and disadvantages. IMO the question of which is better between the two is a  very subjective matter. The perspective whether which of it is more beneficial lies only on the employee who choose to receive either of the two aforementioned.

If an employee will opt to receive his salary in fiat, there will be additional taxes to be deducted upon before he can receive his compensation. This is one of the disadvantages that I can see in receiving the salary in fiat. Government have to tax you as high as 20% and deduct the government benefits to your overall salary. So if your salary for a month is $3000, you can't have it clean. On the other hand, it will be better this way if you will spend your money on other needs outside cryptocurrency investment. You can use the money anytime because you have it at hand. In addition, if you opt to receive your salary in fiat, you can wait for the right time on when to buy bitcoin (dip) and you can buy more if you'll enter the low position in the market. The only cons is the transaction fee of conversion and exchange.

Meanwhile, if the employee will opt to receive bitcoin as a compensation it will be tax free. You will receive directly on your wallet bitcoin value that was bought with your supposedly salary in fiat. So if your salary in month is $3000, you will receive bitcoin worth that value on your payday. You don't have to wait and process exchanging anymore because your employer will do it for you. However, it has its cons. If the value of bitcoin during your payday is at high position, you will receive lesser amount of bitcoin compared to the time bitcoin's price is at low position. Discrepancies will happen since bitcoin is volatile. There will surely have a time when you will receive more or less.

You just have to pick what suits your personal preferences.
3031  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin better than Fiat? on: August 03, 2021, 12:32:48 PM
For the first time in history, money is separated from the state. Bitcoin aims to be an alternative to Fiat currencies by providing financial inclusion to anyone, anywhere in the world. A system governed by mathematics and cryptography will put an end to corruption once and for all. The pioneer cryptocurrency can be used globally without limitations thanks to its decentralized model. People can send cross-border payments in minutes without the need for ID verification, background checks, or credit checks of any kind. This brings a whole new era of financial sovereignty as we know it.

What do you think? Is Bitcoin better than Fiat? If not, why? Is it still too early to tell? Your input will be greatly appreciated. Thanks in advance Smiley

It actually depends on the purpose and goals you have set. Bitcoin is indeed great on so many aspects. It provides additional opportunities to generate income and it is a nice platform for investment. However, it's quite risky so, someone must manage their actions and expectations about it. Bitcoin has already withstood many challenges thrown at it before. It even started with free mining, having a low value in market, but look at it now.

If you are going to use bitcoin as a store of value and in trading, you will be at the advantage. Bitcoin is really good to be invested upon especially for long-term. It is also good to be traded once in a while depending on your needs. However, if you are planning to use it for your daily necessities and routines, you will surely have a hard time. Don't get me wrong. Bitcoin is good as a mode of payment as well, but the processing time and transaction fees can eat your time and cost you more. IMO these are the areas that bitcoin has to improve for its users convenience.
3032  Economy / Gambling discussion / Re: Cryptocurrencies price and their effect on gambling industry on: August 02, 2021, 02:18:06 PM
We're talking about cryptocurrency casinos, that's why I think they don't need to convert their cryptocurrency when the market is in bearish trend, because they don't need cash to keep their casinos running and paying their players winnings. So, my conclusion is that they are only making profits or converting their cryptocurrency whenever they think it is good and buy the dip to deposit it on their casinos as a fuel to pay their players winning.

So yeah, it's not affecting them in a negative way because the winnings are fixed amount of cryptocurrency and not in any currencies.
3033  Economy / Gambling discussion / Re: Terms and condition a must read before signing up any online gambling site on: August 02, 2021, 01:07:20 PM
The Terms and conditions is a very important page. To avoid a situation where earnings are withheld for breach of terms one should take note these in the T&C page.  Winnings and stake of an underaged 🔞 gambler or from people in an illegal country will be withheld. Failure to follow the laid down rules for verifying your account will also have your winnings withheld. Having two accounts with the same IP will get you suspended. Also, you will be blocked if you try to deposit and withdraw using a different payment method. Getting caught using a VPN, especially when it is used for illicit purposes will have your account blocked and your winnings withheld.

this will usually vary from website to website
not all casinos and gambling websites will block VPN or same IP users, sometimes they can use other methods for verifying as well

I believe that those websites that block VPNs do so because some of the users who are from countries where online gambling is restricted or prohibited must use VPNs to access the gambling websites, and the websites will be affected if legal action is taken against them because they did not prevent the user from playing even though it is prohibited in their country. Also, we see that most gambling sites have faucets where you can try or feel how to play the game with just free money that was given to the website, and the user can create multiple accounts to take advantage of it.

could be
but isn't it weird to see gambling websites on countries that would seize it somehow?
I thought all these would use the juridic loopholes and open their companies on places like tha Cayman islands, Malta or something like that

If I understood it correctly, the only way to determine if someone is using VPN is if he's switching different servers from different countries where gambling is legal from time to time, that's why gambling sites that don't allow such thing blocked them instantly. But if they will stick to just one server, I guess it would be fine, but still risky though since you funds are on it.

Just imagine you got your first deposit done and ready to gamble but the gambling site just blocked you because they detected you were using VPN.
3034  Economy / Gambling discussion / Re: Women in Gambling on: August 02, 2021, 12:08:14 PM
Gambling and everything in this world doesn't have any gender discrimination, any gender should be treated equally. The reason why those women are playing gambling is that they have the talent to make profits in gambling, cause why not play if you have the skills to make money in gambling, right?.

Or maybe they are just bored with the wealth they have therefore they try to play gambling to have a pastime and entertainment. In short, we don't personally know their reasons but playing gambling no matter what your gender is, is completely legal and there's nothing wrong with it.
3035  Economy / Gambling discussion / Re: Ethics of boxing and gambling on: August 02, 2021, 11:18:33 AM
I know many people bet on boxing matches and I recently saw a post on an "slapping tournament". I was thinking that professional boxing is kind of questionable as a sport discipline and even more so as a gambling event. It is known that many boxers sustain long term effects of repeated micro-trauma and even some have been know to die in the ring. For all boxing fans and for others that may have a view on this, how is this being considered a fully legal activity being supported? And how is betting of people hitting each other being considered as legal and ethical in today´s world?

Compare to slapping tournament, boxing tournament is much more safer because they are being trained to be physically and mentally prepared for the upcoming match, unlike slapping tournament that people are just practicing to hit anything to make their slap stronger but never train themselves to survive the slap that is going to be made in every match, that's my opinion to that.
3036  Economy / Gambling discussion / Re: Need beginner guide in gambling. on: July 31, 2021, 02:28:14 PM
For me the very basic thing to know first as a beginner is the amount of risk you're putting every time you place your bet. Next thing is of course knowing your ability on how you'll play your odds to win mostly of your matches instead losing most of them.

Reading books about gambling for beginners is the best tutorial I could recommend. Reading helps you to know better than watching videos of tutorials. The last thing of course is applying what you have learned so far. In short, it's all about trial and error.

You'll lose a lot of money first to gain experience before you make profits out of those.
3037  Economy / Gambling discussion / Re: Weekly/monthly financial statements, which do you prefer? on: July 31, 2021, 12:30:55 PM
When you spend money constantly in bits, it is normal that you may not be able to keep track of the amount you have spent on something say gambling or alcohol. If a financial record or something like a register is shown to you having the total amount you've spent on a habit, you may be surprised the total amount you see.

As a way to keep track, would you like to receive regular, maybe weekly or monthly financial statements highlighting wins and losses from a gambling site?

Can you share your thoughts please?


Since most of the people are lazy enough to list down their expenses, I think it is good for a gambling site to offer this kind of feature, for the players to have an idea on how much they spent (loss) weekly, so the next question for themselves would be "Should I continue or not?" that's the wake up question I think.

Because what always happen is that gamblers ignoring the fact that they are losing too much money on betting just to chase their losses which even more get worse because of what they're doing.
3038  Economy / Economics / Re: Is it easier to HODL if you are already rich? on: July 30, 2021, 02:16:20 PM
I guess financial stability plays a great role in holding. Although certainly there are still other factors that contribute to successful holding an investment, we can't dismiss the fact that it's a great privilege to be financially stable and hold as much as you can, as long as you can. Having a safety net that can catch you once you fucked up is a privilege that not anyone has. If someone is financially stable, has all the means to get by on daily basis, and does not have the need to withdraw funds during urgent situations, then they can hold longer compared to those who are just relying on their investment's profit. They can wait longer without withdrawing their funds since they still have other funds dedicated to specific scenarios. Diversification is always a thing for the rich. Hence, they can hold without compromising their investment in crypto or in other investment platforms.

Investment in crypto is still risky despite its benefit that is why the users must know what they are getting themselves into first before diving into it. Buying the dip is a nice strategy to generate more valuable coins, patience, determination, and discipline are good traits to keep yourself from holding triumphantly.
3039  Economy / Economics / Re: Amazon will accept Bitcoin payment this year on: July 30, 2021, 01:34:04 PM
This is another good news as Bitcoin adoption is increasing year after year, there has never been a direct means to use Bitcoin as payment on Amazon, but there will be changes even before the end of the year. Amazon is already planning to add Bitcoin to its payment method, it was said that the directive is coming from the Amazon president, Jeff Bazos.

“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future – this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work,” she told City AM.

“It begins with Bitcoin – this is the key first stage of this crypto project, and the directive is coming from the very top… Jeff Bezos himself.”

The insider also explained that directors of the world’s fourth largest company were keen to move towards ticking off other big cryptocurrencies once it had established a fast and secure method of Bitcoin payment.

Bitcoin adoption is certainly a good thing in the cryptocurrency community. Hence, this kind of news is a breath of fresh air. I already read several posts regarding bitcoin adoption as one of the modes of payment by Amazon later this year and it's really exciting to see what the market would be after this becomes official. I think bitcoin's price will be positively affected if ever there will be more investors that will be encouraged to invest more and enter crypto the moment the official release of bitcoin as a MOP in Amazon took place.

Bitcoin users will definitely be glad as well because this will benefit our community. The more investors there will be, the more our community will be at advantage. This will also serve as great news to the bitcoin users that want to transat using their btc in online shopping. This way, they have an alternative if ever they ran out of cash in their e-wallets or bank accounts.
3040  Bitcoin / Bitcoin Discussion / Re: Does the epidemic have a big impact on Bitcoin? on: July 30, 2021, 12:41:24 PM
In the global recession, nothing is safe. When economic activity is at its lowest point, people are in desperate need of money. In this state, it is not surprising that the price of Bitcoin has fallen.
In fact, if there is Bitcoin, many people will sell it. This is to be expected. Bitcoin's value will inevitably fall like stocks. Bitcoin's market is not absolutely independent of what is happening in the world. This is obvious.
But Bitcoin will not go bankrupt, it will not happen. The company may go bankrupt, and even the country may fall into a debt crisis. But Bitcoin will not reach that state. Bitcoin will eventually rebound
why?

An epidemic is very different from a pandemic. An epidemic only affects a certain community or region. It is a spread of disease among a larger population but is limited to the community only or like what I've said, the region they belong to. Meanwhile, a pandemic is an epidemic that is spread across different countries all over the globe. Pandemic is uncontrolled widespread and much dangerous to the health status because most people are vulnerable to it.

Indeed, the pandemic has brought a lot of challenges and struggles to the majority of us. The rich aren't even exempted from this narrative, only that they still managed far ahead compared to the commoners. With this being said, a lot of fields and industries have been negatively impacted by the unforeseen dangers a pandemic crisis may bring. A lot were unprepared, leading to an unstabilized nation of most countries. Inflation increased during the peak of the pandemic wherein lockdowns and stop of operations were imposed. While bitcoin and other cryptocurrencies are just affected a bit, we can't deny the pandemic has also caused trouble regarding its price and position in the market.

The dip happened before, but it is totally normal given that nature of cryptocurrency is volatile. The dips are always a great opportunity to buy anyway. The prices bounced back not long after the dip and the bitcoin's value even hit 60k dollars. Right now, its price is increasing, although there are some corrections and adjustments, bitcoin and other top crypto's price are currently thriving again.
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