I got a message from my UK bank saying they will no longer allow payments from debit/ credit cards to Binance. This is all to do with the UK FCA ban but I thought it was not going to affect us being able to use the Binance.com site, seems I was wrong Binance will loose a lot of UK revenue if they do not become FCA regulated like Coinbase has done  I saw today that the Binance is trying to hire a former bank regulator from the UK into their company, most likely to try and navigate them towards the best solution for this situation. It is even worse for them than just being banned by the UK, but they are officially located in the Cayman Islands which are also looking into their company and as it is a British Overseas Territory it can cause even further pressure. I'm guessing that the people at Binance must have rubbed up some government officials the wrong way for such forceful action to be taken against them, like point blank refusing to divulge client information "for money laundering" purposes. I have little sympathy for Binance however as their fees are a scandalous ripoff and not adjusted fairly. |
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How would you define what is to be "rich"? Is it about having enough for living or is there something else that you would be looking to accomplish to be rich?
Is it 1 million USD? Is it 1000 bitcoin? what are your thoughts?
I think the amount you need to live a comfortable "rich" lifestyle it heavily depends on the country that you live in. For example if you are in many European countries and invested your money wisely to receive a return on investment each year via owning company shares, you could work your way towards a 50k salary from having half a million without having to lift a finger. It might not be super rich territory but you could live care free on such a salary if you were able to get it tax free (via several government schemes that encourage savings such as ISA's in the UK). In America with all the risks I am not sure even $1 million would be enough to live comfortably for a whole life time - one bad hospital visit and they might try to drain your bank account dry. |
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Their are games now,that well known to play here in our country.before we played card face to face only but now also can play in internet.people now are so smart using of computer almost all now can do in internet.playing gambling bet with real money..
I think someday bitcoin and other currencies can be used also in this kind of gambling apps.this apps playing different kind of cards are using now of a lot of people. Me are one of them.buy not doing as gambling.I played this just for fan and entertainment only.but ofcourse the others are playing this gambling using their digital money..
How about you do know this game? Do you play also tong its ,pusoy,lucky nine and etc in online games? Do you do gambling here or not?
Maybe you could describe the basics of how these games work or whether there are any similar comparisons already out there? Are they just card games? I've vaguely heard of the term lucky nine but do not recognize the names of the other two, is it possible that they have different names elsewhere? The thing with simple card games is if they are straight forward, understandable and universal (52 card deck) then they would tend to travel around the world quite easily like we see with Poker and it's various offshoot games, if they don't spread easily then there are usually some limiting factors.. too simple? too complicated? too repetitive? |
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I am asking this because I do have some short of an answer for videogames and for massive multiplayer games and even for social network oriented games. Videogames require a great design, good difficulty grading, an story that engages the user, massive multiplayer and network oriented are a lot about the interactions and how varied and fun these are. However, for casino games, it would seem that these factors are not really the most important ones. You can see games with very basic graphics and design, simple in the options for the player and not that engaging yet they do "hook" people in them.
What do these games have to have for you?
There would appear to be many different elements involved in "hooking" players and turning them into reoccurring players. Some can be quite obvious - fast paced games like Battlegrounds can induce adrenaline rushes from the frantic gun fights and very realistic scenes. Adrenaline can be a very addictive chemical and people love to chase that high. Equally it can be triggered in horror type games, due to the fight or flight mechanism in our brains and the amazing immersion that certain games can give. Some of the more basic games like slots at a casino give a dopamine (the "happy" chemical) rush to the brain when we win and the body craves any situation where it can try to repeat it - although the threshold for pleasure can become too high. In many circumstances it is about chasing happy feelings, maybe there are good memories of playing with friends or realizing that a game is stimulating to your mind (e.g. world building). |
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Monero is one of the best (if not the best) privacy-oriented cryptocurrencies in the world. Anonymity is enforced by default, making sure your transactions are safe from prying eyes. It's no wonder why XMR is the top privacy coin in market cap. Competitors like DASH, Zcash, BEAM, and even Grin don't stand a chance against Monero's ever-growing user base and mainstream demand. Yet, non-privacy coins are faring better on the market with higher gains within such a short amount of time. I'm wondering why hasn't Monero taken off yet? Do you think government regulations have affected Monero's ability to go higher in price? If not, then what could be the reason? Is Monero a good long-term investment? Or are there better choices on the market (besides Bitcoin and Ethereum)? Your input will be greatly appreciated. Thank you.  You're starting to see a few references to Monero in the mainstream news - mainly about these hackers who are exploiting scale scale software and ransoming back encrypted data to a variety of businesses. It seems like it is trapped in a catch-22 situation where it is not being used on a wide enough scale to hide the ill-gotten gains and won't be used until that is possible. When criminals start using it a large scale is when it will have broken that challenge and might start to attract larger scale investors. On the flipside - Bitcoin has been moderately tolerated by governments because it is "less" anonymous than Monero, but anything creating greater difficulty might be subject to bans much more quickly. |
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Would you be able to decide which fight could be risk free that you will bet your weekly pay despite the small odd like 1.50 or would you still rethink if there is an upset like Weili Zhang and Rose Namajunas.
How about Jairzinho Rozenstruik vs Augusto Sakai, is this a risk free fight to you?
-snip-
Jairzinho Rozenstruik by the way is the one that did the nasty cuts to Allistair's mouth.
You will quickly go bankrupt if you are placing a lot of bets at 1.5 thinking that they are a sure fire win. I have seen several bets at 1.03 get switched into a loser in the final few minutes of a game and it can all start going wrong very quickly. Maybe fighting it different from the sports that I follow or the odds might solidify towards the end. The whole idea of betting your weekly pay packet on anything is a dangerous game and you must not have bills or responsibilities if you could consider being so wasteful with your money for such a measly "return on investment". |
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Buffett said, never depend on single income,make investment to create a second source.
Investment is very important, and now more and more young people like to invest in cryptocurrency. Why are they so optimistic about the crypto market and how do they analyze and profit from it?
Buffett was never talking about Bitcoin or cryptocurrency when he made such a statement. He is actively against the whole idea of it and warns people to avoid it. Whether he is correct to make such a statement, only the future and time will be able to tell. Some people have been big winners in crypto and some have been big losers, like many investments this is high risk. When Buffett said that he was talking about investing in company shares, businesses that make a profit each year and return it to their owners (shareholders) every year either through dividends or re-investing it wisely. That is what he means by having a "stream of income" and obviously the risk falls if you start to buy into high quality companies in many different fields. Compounding money is a brilliant way to get rich. |
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Your guess is just as good as ours. Bitcoin has never been through an actual economic crisis in the past so all we can really do right now is speculate.
There are only 2 scenarios that could happen in the top of my head:
1. People flock to so-called "safe haven" assets such as gold and bitcoin.
2. Bitcoin holders sell their bitcoin just so they have enough funds to survive.
Make your pick.
If it really is a global crash then similar to the start of Covid, all the money is going to flow out as people get scared and run for the hills. While Bitcoin did bounce back this time so did stocks. However I am not sure that Bitcoin would do as well in an economic crisis situation that is more prolonged (like the subprime mortgage crisis where huge amounts of jobs were lost and it created a vicious feedback loop). Everything dropped very rapidly at the start of Covid but almost everything bounced back within a few weeks - barring a few of the worst affected industries like hospitality. While Bitcoin has attracted a lot of money and is on its way to becoming a "safe haven", it simply does not have the decades of historical precedence things like Gold can offer. |
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20%? Is this even real ? Most of the companies not related to gambling pay lower than 10% but not the same in Kenya when it comes to the sports gambling. Now the biggest football clubs have joined hands to oppose this rule.
I find it bizarre that you find 20% strange. It is the norm for most developed countries right now and seems like a fair amount to pay. That tax money should be going to fund everything that support the business - from maintaining the road network, to the medical/police/fire services, to the courts which prosecute violent thugs or thieves that may attack the casinos, to help the transport infrastructure that patrons use, paying for civil servants who should be keeping everything running with minimal corruption and many more things. It is very easy to forget that tax is meant to be a collective pool for the best interests of the public, especially if you come from countries where you struggle to trust those around you to be playing on the same level. |
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whitening black money
These sort of phrases should be phased out if we want to see a more equal and freer world around us, subtle written biases like this are understandable but we should all make efforts to think about the connotations of our words. The term is money laundering and the government is looking to run an amnesty against such illegitimate funds. It can be a good start to eliminating corruption and raising funds, however you need to figure out how those funds were gained in the first place to stop it reoccurring. Unfortunately I have a feeling that a large portion of the beneficiaries maybe politicians or civil servants who have been raising money through favors. It is a very tricky subject to face, because in many circumstances these people should be in jail for essentially stealing from every citizen around them, but that is also expensive by itself  |
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Some wealthy people have expressed their disdain towards Bitcoin. They believe Bitcoin is a scam or Ponzi scheme backed by nothing. Figures like Warren Buffet, and even Donald Trump himself believe Bitcoin is a sham. I'm surprised to see this, since Bitcoin brings many profit opportunities to its "hodlers". For some reason, millionaires (or billionaires) hate Bitcoin. They usually support Gold and Fiat, not wanting to try something new like crypto/Blockchain tech. Justin Sun tried to convince Warren Buffet to get into crypto a while ago, only to find that his efforts were in vain. Thoughts?  It is almost worthless even listening to people like Warren Buffet and Donald Trump on these topics, they are already sitting on top of fortunes that would be able to last them many lifetimes - they will never need to move outside of their comfort zone again. Cryptocurrency is very much a new field and those guys are in their 80's/90's right now so it may feel largely redundant for them to learn about such new technologies. They got rich without it, they learned their businesses without it and they can finish their life without needing to know about this new subject that does not offer them anything. Unlike people born today who have a chance to speculate on the future, their form of speculation on the past was owning companies and shares. Do not begrudge them, but they should stick to fields of expertise rather than chastise people. |
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Very impressive and honestly it was the last long shot bet that really made it into a million dollar bet. Nobody usually rates England very well in these tournaments, so I am surprised the percentages against them was so bad but it would have helped boost the parlay by involving that extra layer nonetheless. I hope whoever the winner is will stay away from betting in future and consider himself to have won the equivalent of a lottery - such phenomenal odds that you would be better off by giving your money away to any stranger in the street. I do wonder if he watched the final game, I think I'd avoid it myself! |
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We all know that off-line casinos tend to take very good care of their most valued clients, that is, those who spend large sums and are more or less loyal to an specific place. Freebies, guest experience managers at their service and any other amusement they fancy. On-line is much more difficult in that sense and sometimes I also wonder what can be done for a more personalised experience on these.
It may not be possible to reach the same level as the physical casinos, but what would you like to have on these that would make you feel better treated?
You have to remember that the "VIP experience" is somewhat of an illusion and it is carefully calculated by offline casinos based on how much the player has been spending or usually spends. All of those "freebies" are actually paid for by the gambler over the term of their playing with a certain casino, sure you might get a little ahead here or there, but they know what the general outcome will be over historical metrics. Online gambling sites are much the same, the more you play and lose - the better chance you have of unlocking freebies because the casino knows that they only have to trigger you once to potentially make back their payout many times over. |
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An important reason for Bitcoin's popularity is that it has withstood the test of time. No digital currency has experienced so many ups and downs like it. It has been discussed many times around the world, and tenacity of its vitality also proves its value from the side. Moreover, Bitcoin is the most widely-consensus digital cryptocurrency, and it has a strong international circulation. The total amount of Bitcoin is constant at 21 million, and it is halved about every four years. It is scarce. In addition, Bitcoin is a peer-to-peer transaction transmission, free from the intervention of various institutions, and can circulate around the world. You can send your Bitcoin to any corner of the world. Coupled with the fact that Bitcoin has higher returns than gold. Digital currency or encrypted assets represented by Bitcoin is the general direction of the development of the entire financial industry. The great investor's enthusiasm over Bitcoin is based on its overall progress during last decade, it is proven only crypto asset that surpasses the expectation of investors and breaks the previous record highs. And bitcoin has been presented to the world to comply with the general trend of economic globalization. https://medium.com/cryptocurrencies-ups-and-down/bitcoin-is-still-the-favorite-choice-598d15fde96fYou're definitely right that Bitcoin has been around for the longest, because of course it was the first to showcase and use the blockchain technology. I think the big mistake that Satoshi made was underestimating the popularity of Bitcoin and putting a hard cap of 21 million on it. The idea of stopping inflation with what looked like a huge number in circulation was great and certainly helped build the popularity in the early years, but it is now proving to be a bit impractical in some ways. Every day more and more Bitcoin gets lost - as we saw with John McAffee and Micrea Popescu who died suddenly, making large amounts inaccessible. While it is good for raising the price short term, in the long term it is going to cause Bitcoin to lose some appeal and actual practical functionality if we are left with an ever diminishing pile of available coins. |
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Months before we heard a news where to increase the chances of people getting vaccinated they government gave them a chance to win prizes, lotteries and even in some countries you are allowed to travel for free. Yet again the Government of Poland announced quite an unusual prize for people who have gotten pifzer. You are eligible to participate in the lottery plus the prizes are up to 260,000$!!!! Which is a great news. But unfortunately only 35% of the people in Poland are vaccinated yet. Not only that read this : From 1 July every 500th person to take the dose will receive a cash prize of PLN200, while every 2,000th person will receive PLN500. The Polish Government will be giving away five prizes of PLN50,000 every week for three months, alongside the incentive each month to receive PLN100,000 and a Toyota Corolla for two lucky winners. The final winners will scoop up the PLN1m and a Toyota CH-R each... If you were thinking of moving to Poland, then now’s your chance. And if you need an electric scooter, they’re flogging them too, 720 to be precise. Now that's a gamble that you gotta try! If you are from Poland then you have to get the shot! I do think this is an interesting gamble for the people there what do you think ? ? https://www.gamblinginsider.com/news/12395/pfizer-for-prizes-as-poland-launches-covid-lottery It makes much more sense to have many smaller and regular prizes that people can enjoy rather than huge prizes that very few people will enjoy - also helps prolong the offer. I especially like the PLN500 every 2,000 jabs although hopefully they have a system in place to make sure it is determined fairly, as it seems it could be vulnerable to a little bit of abuse by an insider. It's surprising to see the vaccination rate is still relatively low, but then supply has been a bit random and the EU negotiating method for vaccines was very slow, then they decided to threaten some vaccine suppliers to cover their own incompetency. The EU institutions and individual governments handled the program very poorly, especially when they caused hesitation by changing their minds multiple times against the advice of the medical regulator in order to score political points. |
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This is a sentence I recently heard on a TV series I was watching that made me think of my own stance in life. Am I striving to become the master of slaves? Perhaps those who climb the corporate ladder think in those terms? Are we creating our own cryptocurrency just to be our own masters or are we actually seeking to become the new masters of the new slaves? BTW I am very interested in knowing if this is a quote from anyone famous or just part of the script.
I think the term slave is an incorrect and overly emotive term in this context, exactly to get a rise out of people. It's actually an insult to people who were enslaved in torturous conditions and had no real choice to leave. There are many people out there who work a 9-5 job doing things that they enjoy and in some cases they also need managers who can direct their workload as required. Some people will be unhappy with their jobs or have financial commitments that make it extremely difficult to move elsewhere, but at least in more developed countries there are options out there such as retraining with new skillsets in your spare time. The internet has become a savior to many people and opened up all sorts of possibilities to learning from your very own home. I can see why the phrase is popular, but so are many other quotes that sometimes get misinterpreted or thrown around for social media karma. |
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On the other hand, I don't understand why everyone is so angry about these verifications, it's not like the casino will expose your data to the media,
It's because it's not how crypto-gambling sites should be. It's totally different from other crypto platforms like crypto exchanges. Gamblers shift into crypto gambling because of the advantages of using crypto. Gambling sites should not be mandated just like the crypto exchanges. KYC shouldn't be a necessary requirement when we want to play on crypto-gambling sites. Remember that there are lots of gambling sites and on average, we do gamble to at least more than 5 of them. Will you comply with KYC at all sites you are using if they will ask you to do it even you are just a casual gambler or small bettor? I think that anonymity is one of the only benefits you could get from using a cryptocurrency gambling site, so if you don't have that then you might as well be gambling with fiat money. On that note, it works both ways - I am happy to gamble on a site that has built up a solid reputation with active support, regardless of where their operation is based, however I am definitely not comfortable handing over personal documents to such a company. Identity theft is a very real threat that can cause a lot of ruin and handing over such verification documents can lead to a whole load of problems for you in future if they leak out to the wrong people. |
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There are some misunderstandings about China on this forum. I do not comment on the policies of any sovereign country, but in ten years, we may see a China that actively embraces Bitcoin. Although China may still issue policies that have a negative impact on Bitcoin now.
You are commenting on the policies of China and in a free society you should never have to apologize for displaying a rational opinion. China is a country based on censorship - both from the government who would rather hide incompetence than deal with it correct and the people who accept the system of self censoring. It is a very insular society and that is very dangerous for the world - The CCP would rather make an imaginary enemy than admit to certain failures. Until Xi Jinping came a long they always claimed a peaceful path and were a lot more respected, he has thrown that all away, now we see the war mongering and childish insults every day. This move was partly in response to environmental concerns but I think a large part of it was the easy money laundering route it gave people to get money out of China. The CCP wants absolute power (Nazi Germany anyone?) and any sane official wants their money out of reach of the communist party - Bitcoin was providing a very easy way to move money abroad. |
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I don't think you can still be a responsible gambler even though you lose too much money on gambling.
The way I see it, you can be a responsible gambler only if you don't lose more than you can afford to. Losing too much money means you are pretty addicted to gambling. There is no way I can view this as being responsible. It sounds more like an excuse.
Totally agree!  This sentence "I can loose too much money but i still be a responsible gambler " this is some kind of nonsense. First part and second part is contradictory to each other. If you're loosing 20k, you're not a "responsible gambler" for sure  It's all about proportion really, for a small group of rich people losing 20k would be a minor inconvenience which they could easily overcome and it would never be a news story. For this guy I have a feeling it is a life changing sum that may take several years to pay back. It might be even more expensive if he took out a loan or needs to use a loan in future where he will be paying an interest rate on top. I think there should be some sort of regulation in place that means you need to build up to such amounts, if you go from betting $10 per day, maybe you need to bet $100 the next day before it will let you bet $1000 the day after that. It would be a very simple but effective form of regulation and not overly restrictive to either the gambler or the gaming house. What needs to be stamped out is bankruptcy for this sort of reckless behavior, people shouldn't be allowed to default on loans or other credit in these situations where they have been extremely greedy. |
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It’s the best financial advice, covid is the marketing keyword to remind you, if you don’t spend every last penny in the wallet, you can never have a chance to spend that again. Spend until you drop you plebs!
Not to be rude, but this is the advice of someone who has little sense when it comes to money. The reason that I like saving and investing is because it removes a lot of stress from your life. Money does not buy happiness, but lack of money can leave you in a very sad situation. Being in debt can be very detrimental to your mental health and this could end up taking years off your life unless you get it under control. Learning how to make your money earn more money is one of the most responsible things you can do in life - there are many traps out there designed to lure people into wasting money on unnecessary junk, so please be more wise about your future. |
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