I remember the time I made the last topic about how the credit cards might be banned for the future gamblers. Apparently according to the tabcorp, banks are supposed to be responsible for the credit card bans. They also provided the stats that only 14% of the users use credit cards and most of them use it responsibly. Therefore the ban would be enforced by the banks and not by any government and the authority. At the same time, there was a statement that I did like in the whole news: “If we got more information from the banks that a card was suspect, we could shut it down,” he added. “If the banks notified us that this was a problem, we would be able to stop dealing with that problem, but this flow of information doesn't happen.” -Exactly the problem here. The governmental bodies and the banks thoroughly oppose gambling sometimes but at the same time they are not working together with the companies to make sure it's safe and more practical and therefore it's indeed hard for them to point fingers even though they did not try to work together. I do think this sends a strong message about how things can be done in a better way, what do you think about it ? https://www.gamblinginsider.com/news/13007/tabcorp-banks-should-be-responsible-for-online-gambling-credit-card-bans Out of all this it really shows how manipulative certain gambling companies can be. You try to defend the actions of the gambling companies, who have a legal (and very simple to enforce) duty to block gambling transactions because the government of one country has decided that they do not want this activity any longer. That government was freely elected by a democratic vote and by extension, the politicians are generally doing what the voters expected them to do. This tabcorp, in the very first sentence of that article, has decided it does not want to lift a single finger in defense of their business interest, presumably because they know they would not beat the government in an independent court - that makes me think they are spineless and have a weak case. |
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Hey guys!
I have noticed that whenever people in real life find out that I use bitcoin, they ask me to explain it to them. For example, some family friends that are my age came over to my house around 2 weeks ago, when they arrived, I was looking at crypto graphs because I had a little bit of money saved up to invest. Bitcoin was on one of the charts, so when they walked into my room, they asked about it, "You do bitcoin? How does it even work?." So I started explaining it to them, but what they didnt get was that it is decentralized. When I was explaining it they asked "Why doesnt bitcoin's creator give himself a billion bitcoin?" I told them that it is impossible for the creator to do so since he doesnt have control over the network, but after I said that, they told me that I was wrong and that since He made it, he can control it, which is incorrect. Do you guys have any suggestions on how to explain coins to non-crypto people?
It's probably best to keep it to the basics when describing bitcoin - say a wallet is similar to having a bank account and the blockchain is the open ledger of all transactions that will ever exist. You will never be able to explain certain concepts to all people, especially the know-it-all's that you've described who think they have found a flaw by the original creator somehow having control over it. They already had a preconceived notion of how they thought it could be abused and weren't going to change their mind. If people really want to learn beyond the basics it is best that they do the research themselves as lots of different websites will explain it in different ways, some of which they might understand better than a single source. |
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So I recently read a very interesting article which actually defines about how blockchain is responsible for more responsible gambling. https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/ One of the attendees whom CoinGeek interviewed is Peter Higgins – a commercial mediator whose work is to solve disputes between gambling operators and clients. Higgins explained that sometimes these conflicts involve big sums of money and that his job is to prevent things from escalating to court where possible.
Speaking about blockchain, Higgins is quite optimistic about its use in solving such conflicts as their robust way of working will make it much easier to find out who is right and who is wrong.
“If you can have these ledgers in place that proves what was placed when with some different examples, in crude terms, it’s basically more evidence for the operator or for the client in that case,” Higgins explained. - An essential method to solve conflicts in the long run which does mean that there will be less problems and we will have more proof in case of some dispute Not only that it have immense potential account to the author, the knowledge, license, the compliance, data, gambling, approach safety it's all very well received with blockchain technology. It can also be used to track a players journey apparently which I don't really understand about how it's under the privacy map. Well the article was overall a good read, what do you think ? If you don't understand something, sometimes it is because the topic is super complex, however often times when people are trying to sell a product to you it is just marketing terminology meant to impress and confuse you at the same time. The blockchain has many different useful purposes, one of which is the very basis of its existence - tracking the movement of funds between accounts which is exactly what is being described here in different words. They are basically providing a non-service because the blockchain already offers the functionality they're describing if used properly. This is how many companies try to break into a market and make a name for themselves - pretending to offer a revolutionary new method of service but in actual fact changing very little. |
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Bitwage is a platform that converts wages into cryptocurrency. Bitwage founder Jonathan Chester said: “A lot of people now want to earn part or all of their wages through Bitcoin.” The company has made contributions in the United States, Europe, Latin America and Asia this year. 20,000 employees. Some users processed $30 million in salaries, including employees from Google, Facebook, General Electric, Philips, the United Nations, and the U.S. Navy. Many of these employees have signed up for this service themselves.
Chester stated that he converts 15% of his monthly salary into virtual currency, which is "a way to not worry about whether to buy or accumulate bitcoin or cryptocurrency at the right time."
Many companies are also considering allowing their employees to choose to receive partial or full compensation in the form of cryptocurrency. If you can get paid through cryptocurrency, which one would you choose? If the boss pays in Bitcoin, would you want it? Or you continue to prefer to pay in fiat currency to facilitate the purchase of tokens you like. Do you think cryptocurrency payment will be a new trend in the future? At the end of the day it comes down to fees. This company is just an exchange dressed up as something else - it is in direct competition with a company like Coinbase or any of the dozen others out there. People who really want to buy cryptocurrency will most likely go to the trouble of learning the basics and one of the earliest things you'll ever learn is where to buy it safely along with the cheapest price. So this come will either be offering better rates (which is not difficult when you look at rip-offs like Binance) or they offer better security, the latter being unlikely for a new start-up compared to these long established companies. There are all sorts of ways to market it but the end user is really just worried about those two things - it's easier than ever to buy cryptocurrency now, so this isn't a special idea. |
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Edit:
This seems to be a pretty controversial subject, so I decided to write this blog post to expand on my thoughts on this:
https://twitter.com/CSGOEmpireV2/status/1375068884584267778I'm curious to hear what the Bitcointalk community thinks about this topic; Casinos using fake bets to attract new players.I was surprised to learn that the vast majority of videos and streams on Roobet.com are actually fake. Here are a couple of examples of different deal formats that casinos are making with the influencers: A) Bet amount inflation; The streamer only wants to gamble with $100. The site gives them "$10000" in funds, but only 1% of this is withdrawable. The viewers will think that the streamer is gambling with $10000, while in reality, they're only risking $100. B) Infinite refills; The casino makes an agreement with the streamer. Let's say they want to pay the streamer $50,000 for a sponsorship contract. They start giving the streamer endless $1000 refills, which the streamer is supposed to gamble with. They will repeat this process until they "win" $50,000. The streamer will pretend to be shocked and highlight this big win in all of their social media channels. However, the truth is that there were zero risks involved for the streamer, and the final outcome was already known -- It was just a matter of time. I brought this topic up in Roobet's Bitcointalk thread, and I was quite surprised to see a lot of people defending them, saying that this is totally justified. They mentioned points such as: - "This has been going on for years. It's normal in the casino community." - "The streamers are honest about it. They have a disclaimer somewhere stating that it's fake." (Their explanations usually are very indirect and abstract.) In my personal opinion, this sort of marketing is highly deceiving and dishonest. Roobet (and other casinos) are inflating their systems with fake bets, pretending to be more popular than they really are. This is a loss for both, legit sites that don't want to inflate their numbers, and legit streamers who don't want to participate in the circus of fake bets and fake reactions. What do you think? Sadly the marketing world out there is absolutely ruthless and there is so much money involved with gambling, at such high profit margins, that it will continue until it is heavily regulated. The streamers also deserve a lot of the blame because they are sell outs with few morals, almost all are willing to drop their standards or feign ignorance if someone waves enough money infront of them. In some cases it will be seen as a badge of honor that they are being recruited and paid so much by any company, little do they know that they are just advertising pawns doing a lot of damage to the people watching their streams. It does need to be much more transparent and the actual streaming platforms should be more involved in monitoring people who are doing it so blatantly. |
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Today I felt really happy. I helped two of my relatives who heard about bitcoin from a news channel and came to me to help them invest in bitcoin. One of them is my uncle (my mother's brother) who has a business. But, on the side, he invested in several stock markets, but recently, he heard a lot about bitcoin from news channels, all of which were negative.But he asked me about that because he knew I was working on it.
Then I told him about its potential and showed him my portfolio. Then he becomes so excited about investing in it. Not only that, his friend also came, and they invested a total of $45000. But according to our country, it's almost 0.36+ million of our currency. Then my uncle says, "Only Bitcoin is not an option because its price is too high. Are there other coins that we can invest in? Then I chose some of them and their potential.
Then they chose some coins. Because their money and there is choice also matter. Otherwise, i only suggest buying a whole bitcoin. Here is their investment :
My uncle's investment : $25000 (Total)
My uncle's friend's investment is quite the same. He just invests a small amount in cardano, uni, dot, and bnb.
I feel really happy today. I can't share my feelings exactly.
One day you will learn, if all that you wrote is real, that it is a terrible idea to get involved in the finances of people around you - especially friends and family. Most people who have been walking this earth a while have learned and been burned from either receiving these sort of recommendations or taking them. Unless this money is a very small percentage of their personal wealth that they are willing to write off forever, then it is a terrible idea to make such recommendations. People should really learn for themselves about buying into cryptocurrency, especially since you've directed them to such a wide basket. When things start to go sour, you will end up ruining relationships built up over a lifetime and people can turn out to be very shallow when it comes to their money. |
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You just have to go to a land based casinos and see how many women are into gambling. So it has no boundaries, regardless of sex, people are going to be addicted to gambling. Although women are supposed to be risk averse, but you can still find women are really into any kind of gambling. Even in poker you will find them sitting and playing along with the guys.
<..> interesting bingo is quite common in Brazil too but a bit more among older generation than younger I'd love to see studies on time prefence and skill on delaying gratification correlations to propensity of gambling not sure if there are many on that behavioral psychology is fascinating It certainly is interesting, what drives the human mind to pick up repetitive and damaging behavior. I definitely think since Covid we're going to see much more of this behavior as people have stayed indoor a lot more and got used to interacting remotely. That drives people to take risks and also check out a wider variety of websites that they might have avoided before, combined with the sheer amount of money these online casinos are making and then driving back into advertising to grow even further - it's a lot of money at stake. As you say, lots of older generations are becoming more familiar and trusting of how the internet works as well - plus they are the ones with a lot of spare time and money. |
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Hello everyone and hope everyone is doing well. I am currently looking to invest in some new projects in the sum of 50-100 dollars. If you have any new or exciting projects you would like to share with us here, please post and let us know. Until next time take care.
What sort of age bracket are you in and what region of the world? As those two can make a vast difference in how far your money will go. Personally if you are rather young in life then you'd be better off investing in lots of financial books and reading how to get rich over a lifetime, rather than trying to take any shortcuts to wealth which often end in disaster. You can easily buy 5 good books (like Smarter Investing, Intelligent Investor, Common Sense Investing, etc.) and that can give you more knowledge on money management than 90% of the people walking this planet will ever care to learn. Knowledge really is power when it comes to the accumulation of wealth and starting early is the best thing you can do with the sort of money. |
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https://www.google.com/amp/s/indianexpress.com/article/cities/bangalore/karnataka-government-bill-assembly-ban-online-gambling-7516048/lite/ Karnataka ( A state in India ) just introduced a bill in assembly to ban online gambling in the state which does mean that the players won't be able to use anything like that anymore. People will have maximum imprisonment UpTo 3 years or would have to pay 1 lac. Inr. Virtual currencies are also included in the same. It does not involve lottery or wagering, horse racing outside the state. For people who are addicted the punishment would increase every moment, it would start from a lower amount and lower imprisonment and increase tremendously for every next offence. What do you think about it ? ( Players from Karnataka India, please do take a note of this and follow this news) I wonder what spurred politicians into this sort of action, I've never thought of India as a big place for gambling? Sadly gambling is an easy target for politicians who want to make their mark and target so-called wrongdoers. The companies have few avenues to defend their activity, the politicians might even be getting paid off by businesses who will benefit from less competition in certain areas (e.g. the lottery) and lastly it is an easy vote winner as older generations are likely to agree with it. I have to wonder how many betting companies actually exist within the state as maybe it will be a rather symbolic act rather than actually effecting many businesses on a wide scale. Very helpful warning that might be overlooked by residents of the state elsewhere. |
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Bitcoin takes a new tor on Hungary When I was met by an unvailing of the Satoshi Nakamoto Statue, I felt there must have been some unvailing of the continuous pseudomonous figure of the bitcoin inventor which, would have taken a different tor on bitcoin either positively or negatively I don't know but, was sure to be another development in the world of cryptocurrency. There is a thread on this forum that talks about the prospect of the unvailing actually: Statue of Satoshi Nakamoto in Hungary by dkbit98 and the prospects for which the statuewas to attain. Well, there has been an unvailing finally in Graphisoft Park of Budapest, in Hungary amongst other iconic figures and its the first of its kind to represent Satoshi Nakamoto in the world. It's is a new turn of even fir the world on bitcoin that could have a lot of positive attributions, publicity and raise questions that could prompt in an ignorant mind, the need to search for informations on bitcoin. This would have a new turn on how Hungarians appreciate cryptocurrency but let's look at the image and its possible projection, coupled with what it could attain in the world of cryptos Ideals In the Figure1. One Idea I cherish most of all is, having the Figure to have a mirror facial appearance. It is a very suitable appearance for a pseudomonous real life image of Satoshi Nakamoto which goes with the saying, 'we are all Satoshi Nakamoto ' and in many ways, it goes to say, how personal or individual on a collective base (looking at the fact that, a lot of persons can stand before the Figure and it would reflect back a lot of faces at the same time "us") is bitcoin. We are a community of us and a power that rest with us in bitcoin. Which is a very good signal. 2. Having it in an iconic park amongst other hero's or giants of the worlds industries Now this goes to project cryptocurrency for an industrialization change that in many ways could be positive for the world if they could only look. A revolution that speaks of a change in the world of business where, the power of business rests with the people. 3. Another idea to it is having Satoshi Nakamoto in a hooded clothes piece. Mow the hood is a clothe piece on like any other, in many ways not like, the meaning sticks as it could be redefined in several contests. From a critic mind, the guy in the hood is, the hacker, the guy with the gun, the criminal eluding authorities and some of those. So, Food for thought Would that have been the best of ideas to the innovation? For a reason I feel yes becuase, it would raise in an individual the desire to know, curiosity which could push people to research and discoveries of some truth about bitcoin. What is to be expected of this innovation in not just Hungary and the rest of te world, not excluding the imaginary crypto community? A creeping acceptance for some other states most specifically and a possible bullrun sooner thNan anticipated, lol... What do you guys think! It's definitely a cool statue and props to Hungary for honoring Satoshi in this way. I'd like to think that the blockchain was some sort of CIA operation that got away from them, it is such a transparent yet helpfully anonymous system that it did not just belong in a lab experiment. Much like how the internet was originally created for military communication, it would make sense that it previously held some other purpose. Wherever it came from, the faceless creator is getting the credit that they deserve. In some ways it is better not knowing who made it, because that could take away from the achievement by focusing on a person rather than the technology. Much like a Banksy, where the artist is hidden and let's the art do all the talking. |
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I never thought that women could have an addiction as men, but as humans, they see gamble as an opportunity to make money in this pandemic. According to https://www.independent.co.uk/news/uk/home-news/gambling-addiction-women-helpline-b1893984.html, the number of women addicted to gambling increased in 2020-2021 to 3,005. The pandemic has led to the sharpest ever rise in women seeking help for their gambling addictions, new figures from GamCare, the national gambling helpline, show.
Data shared exclusively with The Independent shows a four per cent rise in women needing support for their gambling addiction during the Covid crisis.
While 2,764 women contacted the helpline run by GamCare in 2019-2020, that number increased to 3,005 in 2020-2021. Women accounted for almost a quarter (23 per cent) of those calling about their compulsive gambling from April 2020 to April 2021, up from 19 per cent in 2018 to 2019. Yet it is estimated that just one per cent of them get in touch with the national gambling helpline. I am curious if only women seeking help for the addiction or men also seeking for help? But I guess that could be as we know that men can play gambling more aggressively than women. “She might lose touch with a reality that feels overwhelming but in doing so she loses touch with the reality of how much time and money is spent. Often people say to me, ‘I did not know how much money I’d spent until it was gone.” If someone, a woman or a man, does not know how much money they spend, they already become a heavy addict to gambling. So what do you think? Do you ever meet women around you doing something that they do not want to know? I mean, did they play gambling like a man? It would make sense for you to put the figures for men in your original post to give some context, because to me it feels like a 10% fluctuation could just be normal ebb and flow between years - possibly having little significance. There is also more support out there every year and less shameful shunning of people who come forward with their addiction, so that could be contributing towards the rises. Remember that women have also historically been paid less (which is changing) which may have created a bit more of an obstacle - it's harder to spend money when you barely have any. There are also more social settings for men that seem to normalize such behavior - sports grounds or even racing tracks have always had a sort of masculine culture attached, so women would have avoided these places which make it easier to bet. The rise of online gambling, especially through Covid, would have had some impact on this peak. |
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https://fortune.com/2021/09/17/south-korea-crypto-exchange-shut-down-bitcoin-regulation/The regulation coming into place this week places unbearable compliance demands on crypto exchanges up to the point of only three of these being able to fully comply. SK is one of the countries where people have participated in crypto to a much higher degree than in most and this is not good news. Still, some of the exchanges remain open. In 2022, the government will also introduce a crypto capital gains tax; investors who make over $2,135 in trading profit will face a 20% tariff. It looks like the wind is blowing against cryptocurrency. The regulators in countries around the world are finally realizing that massive amounts of money is being made and moved among these exchanges. For any real long term buyer, it should actually be a good thing because you'll be able to build up your holdings as the price comes down. We saw a few months ago a flash crash happened when there was just a rumor of the US banking regulator taking action and Europe is likely to be even more strict. Considering Bitcoin has only been around and popular for less than 10 years, there is still many more laws to be written around it and politicians are always looking for easy fund raising targets - what better than a currency bought by younger generations who are less likely to vote anyway. |
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So I recently read a very interesting article which actually defines about how blockchain is responsible for more responsible gambling. https://www.gamblingnews.com/news/hashing-it-out-ep-11-blockchain-as-a-solution-for-more-responsible-gambling/ One of the attendees whom CoinGeek interviewed is Peter Higgins – a commercial mediator whose work is to solve disputes between gambling operators and clients. Higgins explained that sometimes these conflicts involve big sums of money and that his job is to prevent things from escalating to court where possible.
Speaking about blockchain, Higgins is quite optimistic about its use in solving such conflicts as their robust way of working will make it much easier to find out who is right and who is wrong.
“If you can have these ledgers in place that proves what was placed when with some different examples, in crude terms, it’s basically more evidence for the operator or for the client in that case,” Higgins explained. - An essential method to solve conflicts in the long run which does mean that there will be less problems and we will have more proof in case of some dispute Not only that it have immense potential account to the author, the knowledge, license, the compliance, data, gambling, approach safety it's all very well received with blockchain technology. It can also be used to track a players journey apparently which I don't really understand about how it's under the privacy map. Well the article was overall a good read, what do you think ? It seems like a solution in search of a problem and has very niche uses that won't apply to the majority of small scale gamblers. His job is a "commercial mediator" and it sounds like he is so engrossed in his work that he overestimates the market for the product he has designed. Tracking how a bet was placed and how much is involved is really simple, basically the fundamental bedrock of how every existing casino operates already. The *only* place this is useful is with the insignificantly tiny portion of mega bets - where people are placing tens of thousands, or even millions, in which case they would get ultra VIP service from whatever gambling operation they are with already. Sounds like a redundant idea for a company in the current form. |
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Apparently Bukele bought another "Dip" according to his last tweet, but there's something that I don't get in this move, let me explain.
How could someone consider a 44k resistance a dip?....right now we are in a period of retracement after a big upward move started in July; I wouldn't have been as comfortable as him investing so much money (remember that we are talking about one of the poorest countries in the world) with the probability of a massive bearish crackdown that could take us back to the 29k level.
I know that could be a "long time holder" move, but he has a reputation to defend, with a skeptical and poor population living in awful conditions, so, in my opinion, we have two possible cases:
1) He is a fool and apparently is comfortable with making such a risky move (a long bearish period can still be a possibility).
2) He probably knows (please don't take me as a conspiracy theorist, I'm just trying to imagine) that someone is gonna start another bull run soon, 'cause El Salvador attracted the attention of many big crypto investors, so a confrontation between Bukele and them about this topic is not so unlikely.
Let me know your opinion about this.
He is not really much of a politician, he is just chasing the media headlines that come with buying into Bitcoin - good or bad it doesn't really matter as long as his name gets into more worldwide news streams. In a wold where people like to read up on extremes rather than accept that life can be rather mundane maintenance, this sort of politician is just trying to stand out. Unfortunately these strategies tend to be very short term, focusing on the next election cycle rather than setting up a proper long term fiscal policy. He has gone from one currency that his country has no control over (the US dollar) to two currencies now that Bitcoin have been made official tender. |
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https://www.sportspromedia.com/news/la-liga-betting-shirt-sponsors-2020-21-seasonThe new law has knocked down strongly all the preferred advertising options for betting business. They cannot, for example, be on a teams shirt nor celebrities from sports are allowed to promote betting houses or platforms. Also, the adds in TV can only be run late at night. Needless to say that is a torpedo on the finances of several teams and may affect their ability to recruit and maintain the right players. Teams directly affected: Alavés (Betway), Cádiz (Dafabet), Granada (Winamax), Levante (Betway), Real Betis (Betway), Sevilla (MarathonBet) and Valencia (Bwin). It was going to happen at some point. First it starts with one team pushing the boundaries and accepting an advertiser with questionable credentials because they pay the most. Then it becomes "normal" and many other teams are targeted for sponsorship by casino operations. Same thing happened with cigarette advertisers in the past and caused them to be banned eventually. Junk food advertisers are banned in quite a few countries as well because it is a bad message to relay to a huge audience. These clubs should been reining in their spending anyway, it is absolutely ridiculous the ever higher amounts that is spent on these so-called wonder players. |
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Indications from different angles has been established toward having the second breaking of record in the adoption of Bitcoin as a legal tender by some countries in the likes of Paraguay ever since the first adoption by El-Savador, more effontery has been geard towards the move by responsible citizens while some even promise to legalize it if elected in their political post ambitions. In Paraguay, all expectation is high toward the next step of government action in adopting Bitcoin as it's major currency, the question now is could Paraguay be the second to adopt Bitcoin as a legal tender? .... If yes, are there more visible indications to buttress the notion. Paraguayan congressman had stated that he would be introducing legislation to legalize Bitcoin in his nation.
I think Paraguay is much different than what we saw play out in El Salvador. We may never see another country ever adopt Bitcoin as an official currency because most advanced countries are now looking at building out their own blockchain with a local currency. El Salvador was in a different situation to Paraguay, because it was already using the US dollar as its currency which meant it had already given up all control from the central bank and was at the mercy of the US federal reserve. Paraguay still issues its own currency and it would be more damaging if they decided to accept two currencies. If the end goal is just to bring down fees involved with transferring money, then there are much easier ways for a government supported scheme to achieve it without full adoption. |
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When Bitcoin goes down from 80 to 29, it goes up and down there for a while. But now it is going up and down again. But 50k the moment it is fluctuating again. I have learned from some news outlets that many people have exchanged views that Bitcoin will cross 100k by the end of this year. I would like to know the opinion of the members of the forum.
One thing to always bare in mind when thinking Bitcoin will increase substantially in price (e.g. double the current value) is the total market capitalization. In order to reach the current value of roughly $50k per Bitcoin, all the existing Bitcoins together are collectively worth just under a trillion dollars. Now that is a huge sum of money, especially when you consider something like Dogecoin has a total market cap equal to only $31 billion - only 3% of Bitcoins price. So, it is much easier to move smaller altcoins many multiples higher than it is to move Bitcoin up just 5 or 10 percent. Next time you're trying to invest in something hoping it will double, triple or quadruple in value - think about how much money it would take the move the needle. |
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We know gambling sites are launched almost every day and they make ANN in this forum. They provide many promotions at the beginning of the launch of their gambling site. Even many gambling sites will offer attractive bonuses to new members on their site, especially for members who deposit a certain amount.
How do you get around this? Are you using any other unused money? Or do you send some money from a gambling site that you usually visit?
Thanks.
A smart gambler would be taking advantage of the new sites launched here and any special offers that they may be running, so it is rather helpful to have them promoting their sites here. It is a fairly isolated part of the forum, so unless you seek out these activities it is out of the view of most people. It's actually nice to see more sites around because extra competition forces established sites to come up with new ideas and feed back to the community rather than just draw in new members. I like to play some of the free bet offers that are currently around but usually withdraw any winnings as soon as the minimum is reached. It's not a lot but it can add up over time and is better than giving money away to such casinos. |
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I was just reading a report about BTC , A USA family sell all there assets and with that amount they invest in Bitcoin in 2019. as in 2021 BTC was on its peak ! So they get huge profit.
But as a dump then came in crypto market, for every investor it was really a great shock.
What you people say about this topic ?
Should we invest just like them or should start with a less amount ?
as Bitcoin came down in past months . it can be a great loss for those who invest madly !
Must drop your suggestion !
Lots of people tend to confuse the word investing and will apply it to many things that it is not. There is little hard evidence that Bitcoin will have a much brighter future and it is actually much tougher for the price to rise in future because such large sums of money is required to move the price. However if you were to invest in a company like Coca Cola for example and do a bit of research to discover it sells 100 million bottles a year, having increased that by 5% year after year for the last 10 years, then you have a pretty solid idea of where it is going in future. Except for anomalies like Covid, which can be both a positive and a negative, that history is giving you lots of useful information on why it is paying out higher profits each year. There is no such background on why crypto moves in the way it does. |
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According to the source : https://www.theguardian.com/society/2021/aug/23/uks-most-deprived-areas-have-highest-number-of-gambling-outlets-report
The most deprived areas of UK are actually having more number of gambling outlets, which is a matter of concern for sure. 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 ? I'm not sure that the government can do much else to help people really, as there is pretty good support out there already. People need to be educated from an early age to think about who really wins when gambling. At a certain point it comes down to individual responsibility and people need to take control of their own lives, if you walk into one of these shops every day with money - then walk out without money you have to realize that only one side is winning. These people tend to ignore the 9 times that they have losers and relish the 1 time they manage to walk away with a winner, it is a really distorted mindset but as long as they are not harming anyone else then it should be tolerated. |
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