They didn't need one just as candy vending machines You didn't need the green light from the FCA then as the FCA had no authority over it as there were zero lawyers classifying bitcoin as anything. The downside of regulation, you want it to be recognized as e legal payment instrument, a currency, legal tender then it comes with a ton of requirements for the intermediaries. The same happened here, one of the first BATM in the city was set up in a pub, a used one bought from somebody in the US, for years he hadn't registered it nor changed his business classification to include it when the legislation finally was put he place he has chosen to replace it with one in a franchise system. I'm not surprised by the FCA move I'm more surprised how long it took them to finally issue a warning, they had this coming from 2020. As I wrote in WO too, most probably the operators will need a bit of time to get fully legal and then re-deploy the machines, maybe with more KYC enforcement rules, maybe with higher fees too.
and once they raise the fees on top of what they are charging now they can start packing them and sending them to a recycling station. They are already milking as much as humanly possible from poeple who are either curious to use one or are forced to use it because of bank restrictions or other issues, going well over 10% would mean on client per week. The moment you start paying more in fees than you would pay in taxes these things become truly useless. It is their business, so they should know how to manage it without compromising their profits. As crypto users are looking for alternative ways how to cash out their crypto cheaply, these ATMs may not be favorable in the competition when it comes to fees. So these owners should re-think if they will deploy again these machines. Is it worth or not? Also, I believe these ATM owners knew that this is about to come, the regulation and all. But they haven't acted on it. So now, it depends on them whether to open it up again or not. |
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It seems that the previous thread when Drake made huge bets on the Super Bowl at the Stake Casino has been continued: I received this information from Stake via email. It turns out that his previous cooperation with the casino gave a good conversion and they decided to continue it further. I wonder in what form the giveaway will take place, I would like to participate ) This is pretty disturbing news to be honest, as it is now totally clear that the whole superbowl stunt was rigged and a complete setup. He has clearly been in private communication with them for some time, this would not spring up out of nowhere and just goes to show he was open to working with them as a partner all along. Not that I'm surprised about anything that these celebrities will do for money these days, but nobody should have respect for Drake at this point. He's probably getting obscene amounts for this (at least a million, probably partially paid out of that "bet" he "won"). It's a shame that regulators don't crack down hard on these sort of sham advertisements. It's not like this guy ever needs to work again, but he continues to sell off his dignity for the right bidder. We don't know the extent of their partnership when Drake posted those winning bet slips. But somehow, I am thinking that this future collaboration made him post those slips in his instagram. It is his privilege to do what he wants in his social media and no matter how much he is receiving from stake, it is none of our business. Just keep in mind, if you are a gambler, you should know your limits even with this very attractive feature up coming in stake. Regarding this advertisement, let them carry the burden of dealing with tax authorities. |
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Putin has been preparing this war for long so i think the Russian economy can still survive which is considered the 11th biggest economy in the world. But it would be a very complicated economy for sure. With all the unprecedented international sanctions against Russia, clearly its economy right now is not doing good. But if Putin will chose not to end this war, its always expected that there will be extension of international sanctions against Russia and the people will definitely experience the hardest part as these sanctions will cut off all their necessities and everything essentials in life.
I think the Russian economy can still survive since Russia is a natural producer of gas and oil. It can sell those resources to its allies in order to become self-sustainable. I guess Russia will create its own payment system that would be an alternative to SWIFT in order to become immune from sanctions in the future. That, combined with the use of cryptocurrencies, should make the Russian economy rise from the ground up. With China by its side, you can bet the Russian economy won't be like this for long. Putin knows this, that's why he hasn't stopped the war with Ukraine. Unless the West and the EU impose sanctions on Russia's allies, things will only get worse. Who knows what will happen with Russia by the end of the year? Just my thoughts  True. With China that is still supporting Russia, it can never fall into its worst condition. At the end of the day, these sanctions will never create negative impact on their country because Putin has already anticipated it before he started this war. But even so, the fact that all Russians have been hard for them to live a normal life like before, then these sanctions will always be detrimental for them. Putin may not admit it but now all his power and connections have become irrelevant and are slowly dying because of the aggression that he started. The negative impact will always be there after this war. But with the help of China on the other side, they can slowly regain whatever is left on their country. It would be very hard if they will do it all alone. But because China, another superpower, is not joining these sanctions, they have hope to recover. But it would be long and slow just like in Ukraine. Up until now, we don't know what will be the aftermath of this war. Will this be over soon or will extend up until there's no more left on Ukraine? This is hard to believe that this war is happening in this 21st century, but some really did predict that Putin will resort to this war. |
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What's your take on VPN use ? since i found my country to be on the restricted list.
@PLayerZero14 - we can't comment on the use of VPNs unfortunately. We abide by the conditions of our licence by blocking users from regions we aren't able to accept. Let me put it more bluntly for you. You are free to use any means to access the site and play but we will block your account and confiscate your funds or void your winnings if you're caught playing from restricted regions. P.S. You may want to consider lowering your minimum withdrawal again. You don't have have to do it right away. I don't understand why people keep pushing on accessing the site that is not available to them or not accessible? Because the problem is just waiting for them. So better look for other casinos that are not having this kind of issue, at least a reputable one. Because in any case you send funds to them, you have no fight if they freeze your account and finally not get it. Because it is your fault and not theirs. |
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Current Russia is a very corrupted place. Specially in the highest echelons of power. If they go fully Bitcoin, it will never be possible to exterminate corruption and build a bright future. If countries with weak economy use Bitcoin to save from inflation or high volatility, then if Russia goes Bitcoin, country with such powers and resources, it would be a global disaster.
I think if Russia fully uses bitcoin it will have a positive impact, more and more people are optimistic about the future of bitcoin, there will be a surge in purchases so the price will skyrocket, if there is a corrupt country it is precisely the presence of decentralized bitcoin, we can see transactions and how much the corrupt save in bitcoins. If only Russian people could do that but come to think about it, how does Bitcoin help them during their war? I think what they meant here was the people who are using banks transfer their assets into Bitcoin and if they do so we'll probably see a FOMO these days. But it turns out it's all just a bluff and I think it's more like a manipulation when Bitcoin did pump last week. Bitcoin is not the only option for them. Right now, some are turning to CNY (Chinese Yuan), and instead of USD they are now starting to utilize the Yuan for international transactions. So bitcoin is just one of the options here but more than likely, they will still prefer fiat for most of their transactions. So I don't think they will go full in bitcoin because they have other options to take. But maybe, it will contribute to more adoption in crypto market. |
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I am very glad that I am not on a campaign for any of those platforms, if I have any proof that anything I am doing helps Putin waging his war I would immediately stop it. And this is a very good idea, listing the sites that are Russian owned and that could potentially be paying taxes that help a war of aggression. Betting is about fun, and having that type of result is anything but.
I guess, we won't know the extent of how these casinos are tied-up to the Russian government. Even if it is Russian-owned, are they legally under the jurisdiction of Russia? Some are licensed via Curacao Gaming License. So how are they paying taxes to the Russian government? Some are indeed identified as Russian-owned but usually they are virtually licensed somewhere like Estonia or Costa Rica or Curacao. Anyway, it is really up to the preference of the player here. We have our own take on this matter. |
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The 40k mark is significant, but what matters more is how well bitcoins keep their value at the end of the day in a declining economy. Plus, the market isn't heading down; it's fluctuating, but the little slump isn't cause for concern. There may be a brief uptick here and there, but the long-term picture does not appear promising.
Well the market has been fluctuating since the news of the outbreak of the war. And still right now, from as high as $45k- below $40k now, there is a huge drop. Of course, we will see some uptick along the way, but we are indeed in a bearish trend so we might as well just continue to stock pile bitcoin and look at the bright side of another bear cycle. So it's going to be a hard grind again, years of seeing the price going down is going to be very difficult for the majority of us. After this war, hopefully soon, we will see its aftermath in crypto market. And I believe, it will be on the positive side. If we will look daily, we will tell to ourselves that we are in the bearish period. However, looking at the big picture will change your perspective on bitcoin's market. It is now up to you how you will take advantage of this opportunity before we see its price rising again. It depends on your financial capability so if you can't afford losses along the way, you may want to re-think your strategy here. |
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People are not minding it anymore OP. It is good to see the market is moving up and gaining uptrend momentum despite the war happening between Russia and Ukraine. It is eventually a good sign that our mindset had changed in time and considering these FUD are just totally rumors and out of context.
And those people who made this are not happy anymore. They can't use this thing to manipulate the market as it never works anymore. Like be surprised and get prepared what the next steps they do after failing the use of FUD as surely they will find another way.
^ Because people are already aware of those manipulations, we experienced a lot since then and even on Twitter, there is a flood of FUD. It could be there is an effect on the price of the BTC or the entire crypto during this war between Russians and Ukrainian, but it is a good point because it was increasing the price because these two countries using crypto collecting funds to support their nations and now they saw how useful BTC as an alternative payment. Expecting that the price will increase more onward. Mostly newcomers are getting screwed because they don't know the market yet. But if you are here long enough, you've seen a lot of these scamming techniques already so you can easily avoid them. FUDs are just temporary. Because later on, you can see the true nature of the project. Also, that kind of tactic is not sustainable. Those people responsible for spreading FUD will get tired and leave eventually. |
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Already the war by the order of Putin is brutal and unjustified. Once again Putin won't go for a nuclear war, but people are worried on the threatening from Putin launching a nuclear attack. Before the invasion Russia have tested nuclear capable missiles. Putin mentioned that Russia remains one of the powerful nuclear states and countries favouring Ukraine will face the consequences. In such a way Russia with the nuclear power in hands show them powerful to the world.
The nuclear power station in Ukraine have been attacked, but that hasn't caused a big destruction and there is no official information from Ukraine regarding disaster due to the attack.
He may possibly resort to nuclear war just to show about the power that he can unleash. We don't know his plans but it seems he is now in suicidal mode as more and more countries are condemning this aggression. His soldiers are getting tired and killed. Definitely, this war will have long lasting impact on their country. Now, it is said that Russians are in rush to open Chinese bank accounts. https://www.reuters.com/business/exclusive-russian-firms-rush-open-chinese-bank-accounts-sanctions-bite-sources-2022-03-03/ |
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It's not completely bullshit but indeed the average altcoin project now has no future and just follows the trend of hype, for example, meme coins that take advantage of prices that go up once and then fall deeper and that's what's hard to speculate.
If it's an old project and it can stay at the top of Coinmarketcap then we can see their development and of course this speculation can be done on projects with their goals and products.
Yups i did not mentioned that everything is shit but at least majority of them so i said it's Full of Shit. there are altcoin that already brings me profit from the past, but at least those are the coins that still in the top list lol. But let us speculate using our risking funds and not our most saved funding . I would say that the reason why there are so many shitcoins out there is the fact that we are talking about a market that is so volatile and also so much filled with shitcoins and scams. I mean if you removed all the ones that were created just so the creator could make some money as well, when the creator of a project has absolutely no focus on making money (if they do, it is fine but that is not the point for them), then you will be left with maybe like 100 decent coins. Even at the top there are so many, USDT is like that, XRP is 100% openly about that, USDC is definitely about that, Terra is about that, and these are just the top ones. Go below top 100 and 99.99% of them are like that. So, it is really hard to find legit ones. This is the repercussion of having no authority to regulate the creation of coins. Everyone can basically create their own coin at their own disposal. Though we like it this way, however, it is now on you how to take care of your own business when it comes to investing these coins. Also, being anonymous in this market is very common, the reason why it is proliferated by scammers because they can deploy their project without disclosing their identities. And so they can disappear anytime they want. Indeed, only few are worth to take a look at. But there are newcomers that can easily fall from the bait of these fraudsters, hence, these scammers are relying from these naive users. |
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Reality is that scammers follow where the money is. If you see a few scams making money from metaverse, you will see a thousand of them following those. There are too many people investing into scam projects and that is why we ended up with more and more scam metaverse projects. It doesn't mean that we should be investing into them, surely we need to do our research but unfortunately there are too many people who do not and end up getting scammed, so scammers keep doing it more and more. This was true for ICO phase, it was true for STO, it was true for DeFi, true for Collectibles, true for NFT nad now true for Meta as well. As long as people keep falling for scammers, those scammers will keep doing it. Most people are attracted by good promises and mostly newbies are being victimized because they don't know yet how scammers move to gain the interest of unknowingly public. Definitely, a lot will ride the metaverse hype and try to screw these naive people. Because a lot of them are after for the possible easy profits but they will only end up to losing their hard-earned savings. If you are not really cautious with this market, they will exhaust all your funds for nothing. So if you are in doubt, better do your research or just stick to projects that you know are already established in the trading market. |
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Based from Pmalek reply, are we going to submit or verify ourselves through kyc? I would like to ask since you have countries that doesn't allow, was using a vpn to access your gambling site is allowed or not? where I can find the live games by the way?
Its been stated and shown above their terms about accessing site through VPN.If you dont like possible problems then better to avoid on using it just accessing the site.We do have lots of options to take.
I already tried to use bch a couple of times in different sites not only gambling sites and I need to wait hours upon sending or receiving it but what makes me impressed is their minimum withdrawal that is super low. No need to lose again trying to reach the high minimum withdrawal in other casinos.
Speaking with BCH confirmation then i could say that it is really very slow compared to other coins as well thats why it do really sucks on using this one up. I believe that is one setback with BCH, their confirmation is too slow as compared to other coins. One time, I withdrew also BCH from other casino, and it was like waiting in vain before it was credited to my account. From then on, I don't want to deal with BCH anymore as much as possible. But if you see something of advantage to you like what redsun stated about the very low requirement for withdrawal, and it works for you. By all means, take that opportunity. In terms of VPN usage, better not go around this term because it is clearly stated that it is prohibited to use the site if you are a resident or living under those restricted countries. Otherwise, accept whatever may be the penalty upon withdrawal of your funds. |
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Trading is not a way to make money easily, it takes a lot of time and sacrifices and the government discourage everyone to get evolve because of its risk.
Government will never get involve to trading because there’s no much money here for them and if there’s an insurance like this I wonder how much is the fees for that. The government can only regulate the exchanges, but they can’t totally control the trader so for me, this thing is not possible to happen.
What the OP is asking is not possible in actual scenario. As others have already posted their questions, in the end, government can't support losses if they have insurance because that means, they will also be getting that from its people especially from the working class. So do you think that's fair? It is not. If the government will support any activity, it should be for the benefit of its people, in general, not only the selected few who wants to gain something for themselves. This trading endeavor is for people who want to take the risk and they should use their own funds on this matter. |
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I think at the end of the day, everything relating in updates in altcoins gonna be decided by the consensus either from the stakers and miners.
if the altcoin could be minting new altcoins and it’s up to the developers to decide, then it could be considered just a scam altcoins because the circulating supply and total supply could be tempered easily.
instead most of the altcoins that are already popular and famous aren’t messing with their fixed total supply as its gonna trigger chaos and could make their altcoins being left by the users.
this is the reason why so many people are also persuaded in analyzing the technicals of the altcoin, not just blindly investing.
Not only the technical part of it but the actual development and use case of the coin. As we have seen, if the alt has no strong application in the market, it can easily decline its liquidity in the market up until no more interested traders are going in. Only few alts up until now has very good foundation and keeping up with their promised application and services. This is why only few alts are worth holding even if there are thousands of them scattered in every trading platform. |
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It looks like he’s trying to disconnect himself again with gambling and I do hope that he succeed by time or he might be very busy gambling again. OP has a big problem here, and this is beyond the control of STAKE. Gambler should be more responsible and never rely on any site to help you control with your addiction, this should be your top priority to remain not addict.
We all wish him to follow what he wants to do and if he wants to avoid gambling, just make his own initiative and ways of avoiding it. He has contacted stake about it but things should be in his control now and he's the one who should control everything pertaining to his gambling activities. When the people get a loss.They will made disappointed towards the website and started to report it blindly. But they have to hold and cross verify whether it's really fake website or you loss by the less knowledge in it. If you find it faulty for verification. You had a full rights to escalate here. Stake.com had some users and their payments to participants was on time, So I had not believe the O.P statement fully.
Well, it's not the issue of being fake or legitimate. It's an obvious legitimate website and we all know what stake is. I guess this thread has gone too far and should be locked. That is right, at the end of the day, it is you that will take care of your business. Not the site or person around you. If you want a change of lifestyle, it will start from you. And if you are weak with temptations, that is when you will fail in trying. It is easy to say, but hard to live by. But if you have sheer determination to change whatever you have, you will move heaven and earth to achieve your targets. |
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Many people think that bitcoin should move up in a straight line but this is not how the market works. Markets may show us many up and down before moving up and sadly people are not ready for these movements and sell their bitcoin before it reaches the all time high.
Cryptocurrency market sphere and especially bitcoin market speculation is not something we can rely on or trust to infinity, it's very obvious that the price of Bitcoin is not constant or stagnant, it has rotational speculation we know, while people adventure into the disadvantages of it, is when they purchase without reading the chart of cryptocurrency and comprehend it wisely, so that's the factor that leads whenever the price accelerates and some investors will be inquisitive to sell, and this also affects investor's that purchase when the price is high. It is like expectation vs reality, and now, it is also true with bitcoin. I am sure some of these newcomers have high hopes when they entered crypto. They thought that what they were reading about getting rich in crypto is easy peasy. But to come find out that it is not a walk in the park to achieve such position. As bitcoin market is very unpredictable and it is influenced by many factors, it is hard to make short-term prediction. And so getting profits is not a guarantee in this market. You need to work on your analysis and trading, and it will take time. If you have no patience, then, this market is not for you. |
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Not a possibility for now, we're still using fiat for our daily spending for our necessities and the masses aren't that smart to be able to make sure that they become united so I don't think that it's possible for now to do this, and even if the former is possible, the greatest hurdle that we're facing is the people that have varying opinions to be united.
The large population are still relying on the traditional banking system for so many reasons. And even the crypto users here in the forum are also one way or another, relying from the services of their local banks. I believe, just be grateful that we have another option to store our assets. Not only to our local fiat, or tangible assets, and now, we have digital assets in the form of cryptocurrencies. Remember, it took more than a decade of existence of bitcoin before other people are convinced that this new market is worth to look at. We are not in a hurry but if you are already in this market, just take advantage of this opportunity. |
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..that's why there is stop loss/targets because it will save you to maximize your profits and minimize your loss.
It's a good point to always set a stop loss or target in every trader so that they will know about their loss, if your strategy will not work at once or twice, don't let it will happen next, find another one and try. It seems to sound like trial and error but through this error, you should learn about it and apply it in the next session and avoid not will happening again. I tend to agree with others there's no accurate trading strategies, all of them are speculating the market try to draw a conclusion which is only predicting the possible outcome but in fact, it's unpredctable and no really knows what will happen next. In trading, there's is no defined strategy that will make you successful in this endeavor. It will be experience that will hone those skills and knowledge how to react on a certain market. The more info you have for a particular project, the lesser you will incur mistakes. It is always better to continue learning as each project has their own features that your techniques from another project will not be totally applicable to them. If you lost, don't take it as big failure but rather a lesson that you can use for your next endeavor. Sometimes you will encounter situations that are blessings in disguise. |
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And I don't think they will go all in in bitcoin. It means, they will forget their ruble, which is not likely to happen. They will find other alternatives just like you said, they still have China on their side. They may accept bitcoin as part in their payment system but it won't be their top currency, it will still be their Russian Ruble. But in case, they will include bitcoin in their system, we don't know what kind of restrictions will other countries put into this. Anyway, we will see that somewhere down the road what will happen next. For now, we are just speculating what may happen because of this war. |
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OP they are casino review sites on search engines that will give you details about cryptocasino eligible for UK players. But, play with caution when using VPN and endeavor to go through their TOS. Because you can only break a rule you know much about. Most online casino won't freeze your account immediately due to VPN but, at some point they'll definitely do so provided that your original IP is restricted from using their platform. I used to read some Casino review sites in the past "Ask Neil Patel" it contains a lot of information that you may need to escape the risk of using a VPN.
It is always best to abide the ToS of any casino site. Because in that way, you are not subjecting yourself to any penalty come the time of withdrawal of your funds. It is true that some casinos won't restrict you from registering even if you are in the prohibited list of countries, but when it comes to large winning or withdrawal, that's when they will flag your account. So better not wait that moment and clarify from the casino itself regarding their stand towards the use of VPN, if it is not clearly stated in their terms. It will save you headache later on. |
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