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3321  Economy / Gambling discussion / Re: Your betting budget on: July 23, 2021, 03:56:16 PM
Planning is just easy, doing it is another. I tried to do it budgeting my income and divide to investment, savings, bills and gambling but I didn't managed to follow my budget in gambling. I'm not sure maybe I'm a little bit addictive to it now but I'm trying to control it but sometimes I didn't put on my savings it just go into my gambling budget, usually it's around 20-30% of my total income.

Damn, 20% - 30% of total income into gambling is so huge. The experts say to at least invest 20% of total income to investments to secure your future.
I think you should decrease your gambling amount from 30% to 10% and then invest the rest 20% into investments which can yield good returns.
This way you will still be gambling while investing and having a better future.
3322  Economy / Gambling discussion / Re: Taxes on gambling send the right message? on: July 23, 2021, 03:42:11 PM
It's always the middle class people who get affected the most when the governments impose any kind of taxation.
I think the middle class are not affected too much by chances join taxation. The lower class that is closely to Middle class but still lack of several more things to join the middle class, would be affected the most.


The lower class would hardly afford gambling and are most of the times in survival mode. Yes few of them might still gamble but most of them are just living for their daily expenses.
But yeah those who are in middle class and below and still gamble are the ones suffering while the rich are making money.
3323  Local / India / Re: CoinDCX promoting bitcoin on National Television on: July 23, 2021, 03:34:51 PM
I am not a fan of cricket but today as I was meeting my friend at his shop I watched cricket on Sony Six for a while since he is a fan of it.
Just when advertisement started I noticed that there was an ad by CoinDCX which was promoting bitcoin.
The ad said to buy bitcoin from CoinDCX. This is the first time I have seen bitcoin being promoted on Indian Television.
I think this is just the start and many companies will follow this suit to promote their coins on Television.

I also saw those ground adverts. I do not think it will be helpful for them as Indians still are very sceptical about cryptocurrency, you can blame the media for it. I also want to point out here that CoinDCX does not hold a good reputation with the Indian crypto community. There has been a lot of negative news about them on Reddit. They need such advertisements to gain new customers as they know a lot of Indians will watch the match and visit their website just to check what it is for.

Could you please point out to any recent allegations against CoinDCX just to get how they are doing in the current situation.
I searched about it on CoinDCX but I was unable to find any accusations against them.
May be they are paying other websites to post good reviews or something but we should find out the actual truth.
Only then we can conclude if their promotions are to be taken in a good way or a bad way.
3324  Economy / Gambling discussion / Re: Taxes on gambling send the right message? on: July 22, 2021, 03:41:17 PM
There's nothing wrong with high taxation of this business, I mean don't they make a lot of money so I think that it's fair that they pay a large amount of money to give back to the community.
But the main concern is that Who will suffer? isn't the Gamblers? Will the operators/owner of gambling site/Businesses suffer from this taxation increase?

Actually the site has no even problem on that because in the end it is the Players will take care of everything.

So this is a Win Win solution on their side , They have followed what governments given on them yet they also covered the taxations .

It's always the middle class people who get affected the most when the governments impose any kind of taxation.
That's what is happening here as well. The gambling operators don't pay taxes out of their pockets but instead they pay it from the profits they make out of their businesses.
If their business is generating less profits due to high taxation they probably increase their charges/costs/commission to make it even.
Eventually it's the gamblers who have to suffer in the end.
3325  Economy / Gambling discussion / Re: Your betting budget on: July 22, 2021, 03:36:36 PM
As a financial advisor I love seeing stuff like this. It is imperative that everyone sets up a spending budget. It’s a great way of making sure that you are spending money how you should be, making sure you aren’t spending too much etc. I don’t personally set aside a percentage of my income for gambling, but I do know how much I can spend each month based off my budget: Well done!

Good to see a financial advisor among us. I can say that you don't gamble frequently because you know how much you can spend for gambling each month.
A person who know their limits stays in control most of the times. Even I had decided few months ago to keep a limit on my gambling.
Since then my gambling frequency has reduced quite a lot.
3326  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: July 22, 2021, 02:22:36 PM
I'd be just as happy to get 10 free WoF spins. 50 x 10 is still 500 for nothing:)
I guess it was always known that what you would get would basically be just 50 or 5000 and that is about it, it could be satoshi or reward point but that's about it, you are not going to get anything more from it statistically speaking. However the odds are still there and we are all here doing it maybe tens of thousands of time combined, not just myself but when you check the number of WOF every single day combined, then you will get a huge number. So that means eventually we will hear about at least ONE of those rolexes gone.

Obviously there is also a chance that it already happened and we just don't know about it, after all not everyone will notify it and maybe wants to keep it secret, if I got like 15-20 thousand dollar gift I would not tell anyone about it, you will be bombarded by "please sir my child is sick, my mother is cancer please sir" messages for sure.


That's pretty much it.
Most of the times people generally don't disclose their big wins because of the risk of being contacted by scammers.
But may be there will come a day soon when one amongst us would win a grand prize and announce it on this thread.
That might be a day all of us here would celebrate.  Grin
3327  Other / Off-topic / Re: Back from the future on: July 21, 2021, 04:21:40 PM
If there's an electro magnetic wave that takes the whole world back in time to beginning of Bitcoin invention and other cryptocurrencies. Armed with the knowledge you have now as one who is back from the future, how much Bitcoin would you buy for a start, and what other cryptocurrencies would you invest in?

Which mistakes did you formerly make with bitcoin and cryptocurrency that you will not want repeating itself?

That sounds like the series "The Flash" where they show that some electro magnetic wave gives powers to the flash.

One thing that even the series Flash shows and is applicable here is that if you change anything in the past then your present will be changed.
So if you go to past and buy more coins than you did then the present would be changed.
May be bitcoin price would have skyrocketed and may be not. May be your coins would be stolen by some hacker or may be not.
It would be a completely different scenario which we can never predict.
3328  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: July 21, 2021, 03:59:49 PM
Today joined the deposit bonus promo to get 10 freespins, try my luck who knows I can get 5000RP so that my total RP can be 101K, but today I'm not too lucky from 10 freespins more dominated by numbers 50, 50 satoshi, RP and lottery tickets, but it's still worth a try, who knows luck is on your side, especially the current network is not congested, you can still get your deposit credited quickly with a cheap tx fee.

Just my luck. Made a fresh deposit after some time and it landed just hours before the Deposit bonus;) Not really the amount I'd like but in these days, I'm trying to keep my BTC. Just feel like I'm close to redeeming RPs so thought I might set myself up for a 5x bonus when it comes!

I do miss those days of getting Lambo golden tickets for depositing though, but I'd be just as happy to get 10 free WoF spins. 50 x 10 is still 500 for nothing:)

That sounds good. Even I am trying to accumulate most of the free Sats on freebitco.in
I have started accumulating RPs too and have 35.7k RP
I will try to collect it till I redeem it for BTC. With the WoF collecting RP and free Sats has become easier and more profitable.
3329  Economy / Services / Re: 30.000 sats for your review! on: July 21, 2021, 03:21:21 PM
For me yes - that's why I wrote I choose and refuse people by myself without explaination.
The people will get the money before they do the task, that's why nobody need to be afraid except me.

In that case, hit me a PM if you would like to get a review from me.
Active user on freebitco.in
3330  Bitcoin / Electrum / Re: BWT: Connecting Electrum directly to Bitcoin Core on: July 20, 2021, 04:07:18 PM
IIRC, Mycelium uses their own server. Certain Android wallets are SPVs which gives the user the liberty to specify their full node provided that it has a bloom filter. Else, you can go with Electrum on Android but it requires you to specifically run an Electrum server.

Forget Mycelium, I will just import those keys into Electrum but even then how will I be able to run the Electrum Server ?
I tried to search it on google but the whole process seems to have so many steps.

Quote
Actually, you can just push the transactions to mempools directly through a full node but I imagine most people aren't very interested in that.

Can I like use my mobile phone wallet to push transactions to mempool having my full node on a different machine connected to my wallet on mobile phone.
3331  Bitcoin / Bitcoin Discussion / Re: Police Destroy 1,069 Bitcoin Miners With Steamroller In Malaysia on: July 20, 2021, 03:58:49 PM
The answer to your question was in the article
Quote
mining Bitcoin activities has caused frequent power outages,

PoW is a technical dead end, as it is designed as a winner take all system that uses up all available energy.
* Note the increased energy used does nothing to increase performance only supposed security, which is also false,
since bitcoin security is really the 4 mining pool operators that agree not to collude and doublespend, so energy used is irrelevant. *

China Permanently banned Bitcoin mining because of PoW threat to their power grid,
Iran has temporary banned bitcoin mining because of PoW threat to their power grid, expect this to become permanent within a year.

At the end of the day the destruction of a power grid is becoming a greater risk than any sane person will accept.
Which is why you see videos like above as they want it known, no PoW miners should ever try mining their again.


Bitcoin users have no one to blame except the bitcoin developers who have ignored this energy wasting issue since 2013.

The current PoW ASIC energy sucking system will be banned by all governments in time,
so that mean bitcoin either gets banned with it or finally goes to a new design.
 Cool


I don't really think that all the governments would start banning bitcoin because of it's energy usage.
That's pretty lame to be honest because there are many other industries which uses more energy than bitcoin.
Further more, even if governments decide to move towards green energy or renewable energy I think it will take a lot of time before that will happen.
Also, we may or may not need a hard fork for the migration since many would still like to continue with the current chain.
3332  Bitcoin / Electrum / Re: BWT: Connecting Electrum directly to Bitcoin Core on: July 20, 2021, 03:46:59 PM
Most people probably would just use Bitcoin Core alone without having to loop through an Electrum instance.

I'd say it's good if you absolutely need to use Electrum but using Bitcoin Core would be far simpler. With pruned node, you can't really scan the transactions beyond the prune limit. Anyhow, it seems to be quite limited in functionality.

I was just discussing on a similar topic with my friend and he told me that we can connect our wallet on our smartphone to use the full node on our pc.
We would be adding our transactions to the mempool ourselves. This way we won't have to rely on a third party to add our bitcoin transactions to the mempool.
Could you let me know if this possible and if yes then how can we do it ?

I use Mycelium wallet on my phone.
3333  Local / India / CoinDCX promoting bitcoin on National Television on: July 20, 2021, 03:43:41 PM
I am not a fan of cricket but today as I was meeting my friend at his shop I watched cricket on Sony Six for a while since he is a fan of it.
Just when advertisement started I noticed that there was an ad by CoinDCX which was promoting bitcoin.
The ad said to buy bitcoin from CoinDCX. This is the first time I have seen bitcoin being promoted on Indian Television.
I think this is just the start and many companies will follow this suit to promote their coins on Television.
3334  Bitcoin / Bitcoin Discussion / Re: What's causing the decline this time? on: July 19, 2021, 04:40:07 PM
Can't see anything particular in the news, or is there? EM? China? Anything I'm missing?

It's nothing but the current market situation is bad. Bitcoin is floating in the sideways trend.
The bottom and top are $28000 - $35000 and bitcoin has literally been in this range for quite some time now.
It needs to change the trend and build a good momentum to either go upwards or downwards.
3335  Economy / Web Wallets / Re: Does blockchain.com refund stolen funds? on: July 19, 2021, 04:37:00 PM
When it comes to blockchain.com, as far as I know, a very large number of users fell victim of phishing attacks.
Users carelessness is not the fault of the website, so it cannot be held responsible for the stolen funds.
The strange thing is that huge number of blockchain.com users are the victims of theft. I have seen many times that there are suspicions about inside job, but nothing has been proven.
Anyone who keeps funds at addresses to which third parties have access must take into account the risk of losing them. The best solution is to keep crypto only at addresses that only we have access to. Then there is no doubt who is responsible.
In this case, I am sure there is no chance that anyone would return the stolen funds.

Even I was wondering the same thing. I have been around for quite some time now and it has literally been years since I am seeing these blockchain.com scams.
I though it would send sometime in near future but the scams on blockchain.com doesn't bother to stop.
I think the only way such scams/hacks will decrease if we all raise awareness of the such scams.
Only if people become more aware there will be a probability of such scams/hacks getting decreased.
3336  Alternate cryptocurrencies / Altcoin Discussion / Re: Mevlan Kurtishi youtube channel hacked and promoting Ethereum on: July 19, 2021, 04:28:50 PM
Note for mod- I'm not sure where to put this. Please put it on correct board and remove this note if possible.

Mevlan Kurtishi is an Arabian Islamic Singer. I'm following him for a long time. I really enjoy his channel.

Recently, someone hacked his channel and uploaded a video with title like "Ethereum can destroy Bitcoin in 2021". What the fuck is this?
Mevlan Kurtishi probably have no idea and that's why he said his channel has been hacked by "Ethereum" to promote their coin which is misleading. Some unknown hackers hacked and promoting Ethereum. That's it.

~snip

Hacking someone's account is a bad thing but it seems weird to know that the hacker was instead promoting Ethereum  Grin
Why would somebody do that?
It would have made sense if the hacker was promoting some scam coin so that he could get money out of it but why Ethereum.
Ethereum is already quite popular and needs no such promotion but such an action is only a bad publicity for Ethereum.
3337  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: July 19, 2021, 04:11:14 PM
As a strategy this is a good one,the only problem for most of us is lacking of patience.We just think that what we get from the free rolls and from WoF are just pennies and we use them for different things,multiply bitcoin,betting and or buying FUN token(this is actually a good thing in long term perspective).If I had kept all of the wins from my free spins and my referrals wins and if I would have withdrawn them at 64.000 dollars for a Bitcoin I would have cash out a substantial amount of money.Anyway is never late to try and apply again this strategy because who knows what happens after 5 years.

Exactly!

It's never too late to try the strategy again. Even I have started to accumulate as much as I can.
The current dump is a good opportunity for us to grab more number of Satoshis and we can reap it's benefits when the prize crosses ATH.
I think we will be able to accumulate a decent amount if we just collect the spins daily.
3338  Economy / Trading Discussion / Re: Where do you get trading advice and tips from? on: July 18, 2021, 04:49:33 PM
These days, as more people become more aware of forex and cryptotrading, There are a lot of people giving unsolicited advice and tips as regards the subjects. The big question is who and where do you take your trading advice and tips from?

Do you get your trading advice and tips from a self acclaimed trading guru on YouTube or some social media platform who sometimes make most of their money from selling courses and not really trading?
Or do you take trading advice from this forum?

Do you get advice and tips from some telegram group you joined? Or do you get advice and tips from your friends?

Most of the times I get my trading advice from the charts and crypto news sites.
I look at technical analysis as well the current market conditions and the news to get a good perspective of the current trend.
I am not a professional but I am still learning and improvising my strategies.
So far the journey is going good. I believe if we keep trying and improvising then at one point we do get the rewards for the hard work.
3339  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Time to buy some low cap coins on: July 18, 2021, 04:27:42 PM
one of the best low market cap coins 2021

1. Matic Network (MATIC)
2. Zilliqa (ZIL)
3. Blockstack (STX)
4. SiaCoin (SIA)
5. Docademic (MTC)
6. SelfKey (KEY)
7. Basic Attention Token (BAT)
8. Linda

Not all low cap coins would generate bigger profits. We have to be very choosy while selecting coins to invest in.
Sometimes even if the market is in a uptrend choosing a bad coin would result in loss or in no profit.

The only coin under my radar from your list is Matic. I have hard of Siacoin and BAT but I don't think it's worth to invest in it.
For some reasons I didn't find it attractive enough to invest in those coins.
Matic has dome good work and the project seems to have good potential which is why investing in it would be a good bet.
3340  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: list your dice site let me try it out on: July 18, 2021, 04:15:15 PM
My favorite dice game would be on BC.GAME. The website is quite user friendly and it allows to execute some automated strategies too.
It accepts wide variety of coins and allows to play with very small bets too.
You can try your luck at your own risk. #NotFinancialAdvice
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