I believe Brazil could benefit from the tax revenue, however going by the current government of Brazil and how they use the taxes they gather from the people, I severly doubt that they will put the gambling tax revenue to any good use. If anything it will land in the pockets of politicians and other corrupt people. As far as the legalization of gambling goes, it might be a good thing but I don't currently see how.
It will be better if there are countries who will alot the taxes the gathered in a specific area to focus with if for transactions, school or in that organization etcetera so it will be seen used in good project. By legalizing gambling will open more jobs as well additional adoption to crypto. Brazilians may already playing gambling even it’s not yet legal so it will be a good news for them. I think most of the country, although it is illegal, there are still a lot of people playing gambling, as they are enjoying it and at the same time earning money. If legalization comes to pass, then I think there will be a spike in the number of gamblers that will be playing since some of them are just scared of the law. The effect of this will be that more investors will come into the country since there is a huge demand for gamblers. This also has a good effect on the economy as there are a lot of investors putting their money in the country.
|
|
|
In case anyone is wondering how the "crypto revolution in gaming" is working out, Ubisoft's NFT has resulted in whopping $377.57 total trading volume as of recently. That's how interested gamers are in "truly owning their in-game items". Well, this is quite expected, you just need to take it as an experiment, the player has already paid for the purchase of the game, and then the developer offers him to purchase something else in general, and the content he needs with questionable value, this causes some dissatisfaction and the players vote with their money. I agree with this. Games right now are translating into play to earn because most of the games' battles are graphics and gameplay now. There are a lot of players that will invest money in the returns of the game. Most of the games you are playing are just for fun and you are making developers rich, but with the NFT you have a chance to sell the items you bought in-game. This has a big impact on the gaming industry. I am really excited about this with Ubisoft. Let's see what the outcome will be.
|
|
|
Even though I have a salary every month whether it is small or large, I personally will not set what percentage of the funds I have to spend on gambling. If I am betting on sports, there will sometimes be moments where I will dare to spend a lot of money even though I have to be completely willing to lose. But if it's about $2000, then it's possible for me to only spend $300-$500 maybe for the initial capital, before finally spending half of it if I keep losing or decide to take a break. Also, if we have won with initial capital and are able to manage finances in gambling well, then it will make us no longer have to use the money generated from work or salary every month.
Agree but this also leads to addiction but if ever we can control our self then it is good. If we are not investing into something business to earn back profit we usually run into gambling as we try our luck if we could win the pot money as it is big, imagine you will have a chance winning it but the chance is pretty low but if you got lucky then that is really good that is the only time we can left our work and start a huge business as we do have enough capital. That $500 capital is really huge in our country so that would be a grate start.
|
|
|
At least, Metaverse can offer a new experience using VR equipment that some gamers already use to play many games. The cost will adjust from time to time and with the newest technology, everything will be updated following the current situation. The gambling industry will change when VR equipment can be applied, which may also change the interface of the gambling industry. The smart contract will solve the problem of the fee of the transaction and with so many options now, people can choose what they want to pay for the services.
It's not really new per se, it's just an old experience at the comforts of your home via the use of new tech. Honestly, any industry would have the chance to change if VR was implemented, after all, if they were able to merge the implementation of VR tech and make improvements with user experience via that, then user experience with VR would tremendously improve, probably defeating what real-world casinos could bring out (temporarily that is, till tech could do it in the real world as well). VR is also a great innovation in the gambling industry. Assume you're in a casino using virtual reality and you've discovered other players online. This is a fantastic idea because people prefer not to go to casinos and prefer to play online. I believe the user experience is the best on this because it is not the same as traditional online gambling. Well, I'm very excited about this.
|
|
|
Inexperienced beginning gamblers should not bet more than $1 to $5.
Wow! isn't it too small for a $2000 based? I mean that's only 0.25% or less than 1%. I know we need to be conservative to minimize the risk but for me, that amount per bet is too low, no offense but it does not bring excitement to me as a gambler. If you are betting for fun, then that would be too short to have fun. If you are gambling to earn money, then that amount is still too low and you can't gain back your capital. You really need a bigger amount from that. With regards to $2000, this is really huge in our country and I could probably bet 30% of it. Since I am just earning roughly 1/4 of it, the remaining is still huge. It would be possible that 30% or more would be allocated to gambling as there is a chance that I will win big.
|
|
|
Well.... That's great.... Actually I have experienced the same as you since.... I have invest small amount of my money on crypto about an year ago and now I am thinking of investing more and more money over crypto and hold it for a longer time....
Every time you see the price grow, it is pretty addictive, but sometimes it is pretty stressful to look at your investment that is in red. This year I am planning to invest little by little depending on my funds. It seems pretty difficult right now since I do have a family to feed, so money is essential, but I want to save and invest in a promising coin. Well, I see ETH is best for now. Wish me luck investing in this crypto.
|
|
|
As said in the first post everything depends upon the location. In my country the average wage seems to be around $700. There are people running the family of four with this amount. On such a calculation one family requires about 2BTC to lead a better life than what they've got. With time things change, and to the changing world there will be additional requirements. In specific people won't be having medical insurance and other similar stuffs, if those gets added maybe a little more will give access to better life style.
Prices are rising as the year progresses, but 2-3 btc is more than enough to live in lift to the fullest.I think we are the same since owning a half of bitcoin right now makes you a millionaire in our country, and that makes you buy everything needed, but to secure your future, then 2-3btc is the best since you'll need to buy land and houses for your children and secure their education. However, you must continue to work because that amount of BTC will be depleted in the near future, and you will require a source of income to support yourself.
|
|
|
What do you guys think? Shouldn't it be the sound decision?? Why is the government not legalizing gambling casinos even tho since 2018 sports betting has been legal in the country. I'm Brazilian and I've been following the government's proposal to approve this, maybe in February of this year Brazil will be able to get out of this "hole" and legalize not only casinos but also a variety of games such as sports betting, bingo, skill games, horse racing, and others. The problem in Brazil is religion, the president himself has as a government motto a part that says "God above all", that's why things are so complicated here. Many businessmen are pressing the government, predicting that the legalization of casinos and the like will greatly increase tourism, especially in border regions. Wow, it would be really promising if they would legalize gambling, and I think taxes could also greatly help. Most of the countries that legalize gambling find that the number one payer of taxes is casinos. Usually, if they legalize casinos, a lot of investors will be investing in your country from other countries. It is the same with my country, where a lot of Chinese investors build casinos, as it is legalized in our country, which leads to more jobs being generated and more taxes being paid to the government.
|
|
|
What's the telegram account for? To contact you in regards to your betting picks and advices? I think this isn't for free but hoping there are reputed members here that can vouch on your picks just for legitimacy check, something like that. If that's just fine on your end.
By the way, congratulations on those nice picks you've got, looks like you're whaling.
Something fishy right? I dont know that the telegram for if it is for service then well it is kinda good but now a days this kind of strategy is to attract people because of winning big so it means that his strategy is working and sort of will share it to the telegram group on which before joining it needed to pay or what. But what ever the reason of it , i am really amaze about your winnings and kinda jealous i dont know if you are lucky or you do have something . Congrats on that and more winning for 2022!
|
|
|
Closest you wull ever be is with developing your own blockchain games although it doesn't involve bitcoin as you're going to be creating your own token. I think there was a mod of Minecraft already existing that pays in bitcoin although I don't see if it had gained traction.
Wow, that's cool, but I think there are NFT games where you can earn money, but not in bitcoin. It is an altcoin. With regards to bitcoin, I do see only faucets, which take time and effort before you can earn from them, but the truth with that is that you are just making the owner of the website earn more since they are earning per visit and you are just earning from their faucets, which are only cents, so I think it is just a waste of time for you to do faucets. What is best is to be a well-known streamer right now, but this requires a good idea on how to make your stream famous.
|
|
|
If many of the accusations of other people are bringing facts, why wouldn't I be warned with caution when dealing with your platform? If the accusations are raised by your platform's legit users, should I disregard them all and risk money by trying to use your platform myself? Or should I make use of them and take it as red flags against your platform? Should the fact that your users' complaints are still hanging until now not be used against you?
Contests are fine. But if there is a possibility of me not paid in the end, I would rather not join.
Agree, if you are doubtful about the website, I think it is best not to play or join the contest or the games, as we know that, in the end, we will not get our money back. If you just want to play, you should be in the most established and legit one so that it will be safe. But if you are really a risk-taker, the best thing to do is try that website and let's see or confirm if it's really a scam. As for myself, I am not wasting my money on those platforms because I know that there is a possibility that I will get scammed.
|
|
|
Hardware wallets were the best to secure the holdings. Online wallets can be preferred for limited spending, which means for daily transactions. If the plan is for long term holding, then hardware wallets were the right pick. Even online wallets are secure providing with multiple layers of security which includes recovery phrase, 2FA, e-mail verification. It is upto the usage to go for different wallets. Some used to store on Exchanges as they involve in daily trading. That is a high risk storage in my view.
Hardware wallets are indeed the most secure primary storage compared to other storages. Storage in a mobile wallet still has risks, but it will also help to make trades without requiring a lot of verification. some people need quick verification because they trade on every Dex, or trade on an exchange. The most important thing is to always keep your personal wallet safe, and divide each asset into several groups. for the long term, short term and used for trading. As of now, this is the most secure. I'm not sure if there are any new innovations in storing bitcoin as safely as possible, but I think having it safe while also being able to easily get that bitcoin out is important because some people have difficulty accessing it. Consider the possibility that you have a super secure wallet that you have forgotten how to open. Hardwallet like ledger is the best right now and most recommended, but I believe you could be hacked by it if you are the one who provides it but are unaware, so let us be cautious at all times.
|
|
|
Sharing your knowledge is great, but I believe that everyone in the class has heard about bitcoin and that they are already familiar with it. Even yet, it's still wonderful to share your knowledge with them because they were in need for some information and will benefit from it. What matters most to people right now is that they need a piece of advice on how to make money with bitcoin, and that's the most they'll listen to you. Sharing your knowledge is great, but I think everyone in class has heard of bitcoin and knows what it is. Even so, it's good to share your expertise with them because they were in desperate need of it.
|
|
|
I don't find it a mistake because you profited in the first place, it's only a mistake if you lose money from your investment. Sometimes, we have to just appreciate what we get, that's a sign that we are not greedy, what if the other way around happened, you held and bitcoin dump and you lose your money? I think that deserves to be called a mistake.
This is kind of people that are really greedy this will lead to losses on which you need to minimize this kind of behaviour as this has a negative effects in the long run. As long as you have a profit it is still good . Dont mind if you made more because what if thats the opposite you loses. But also mistakes can make you learn something so make used of it
|
|
|
I doubt that casinos in the Metaverse will attract gamblers on an ongoing basis, the effect of novelty will pass very quickly, and I don't see any point in playing in the Metaverse. I think this is a mixture of pleasures. If I want an atmosphere of celebration and thrills, then I go to a real casino, if I want relaxed gambling, then I play on the computer, but I don’t know why I would go to play in the Metaverse.
We don't know until we try though, we may say that it's just a passing fad but when things get operational in the Metaverse, we might see something different. Only thing that I don't like about Metaverse is that it's owner is Meta which was formerly known as Facebook and we all know how censor heavy and how they meddled with politics in the recent years. agree that is really the problem but i am really amazed that there are still someone that really take care their privacy online because most people i know is they are saying that they are not really care with their personal information online on which that is really threatening in the world of cyber world. Metaverse is quite good but the owner is really the problem
|
|
|
with benefits that you don't know for sure will get or not, actually investing using a loan will only make you think extra and your mind will be divided between investing and thinking about how to pay off the money you borrowed. Of course this will only add to your thinking instead of getting comfortable in investing, things like this will only make you someone who is confused about solving problems. because when this happens if you don't get a return on investment you will only be able to think about borrowing money back to pay off existing debts. and it will continue until things get worse
This is really possible if you invest in crypto without an assurance when to make profits. In the first eplace, borrowing money is not really a good thing to do especially that there is always a high risk in cryto investment. When you need to pay your loan and yet, you're not making profits yet, there are always high chances that you will create another loan to cover your first loan, so that will create more stress and pressures on your part and yaou wiill live with it until you become debt free. So now that you see what will happen ahead, then never start engaging in it. this is the important point and things like this should be realized by people who want to borrow for investment. But the problem is that sometimes people never look in this direction and are more concerned with their ego and greed. I don't know if that's optimistic or not in the crypto world because they believe so much in investing by borrowing money and are optimistic that they will make a profit in the near future. but I think it's a pretty risky action and it seems like a stupid thing to do I think it is not stupid if you have a backup plan . It is really difficult to take risk to loan money if you are eager to invest but the problem is that how do you pay it if you lost that money. It is pretty good that you shouldn't think only of the profit but also think on how you pay that debt. But if you take that risk when some people gets lucky and they get their investment 3x but still it is really risky
|
|
|
It's always good not to have all of your eggs in one basket. And having BTC as an alternative is great. But first and foremost we needed BTC to usher us into new economic possibilities, and I think it did that verry well. It definatelly showed us that we can take some of that into our own hands.
That is really the most famous saying of all, which is really great to remind us that we shouldn't invest all our money into one asset because if that asset goes down, then all of our money will go down, same with the egg. If the basket gets dropped, then all the eggs will be broken. That is why we should diversify our money into other assets. On the other hand, most of the answers here are that they needed bitcoin because that is their income, which all of us are, and it means a lot to us since we could buy things because of bitcoin.
|
|
|
I think the effect of the pandemic has also turned into a factor for the increasing number of gamblers. Due to the lockdowns that has been implemented last year and also for this year, there has been significant growth in the number of gamblers. While most of us have been locked down, we looked for something that can be done and also a way to make a profit instead. Those who don't have any idea how to make money but just to gamble, I think it's also a reason to the numbers. And for next year, the pandemic is still there and if there will still be lockdowns being implemented, expect the continuous increase.
I agree with this because amidst the pandemic, the gambling community booms as the casinos have migrated online. As you can see, there are a lot of gambling websites right now, unlike before, which also attracts many people because they are bored at home. This is really bad as it will lead to addictions and could cause a lot of negative effects on others. I know that we are affected by the pandemic and that it hit us financially, but still some of us manage to gamble their money just to try their luck.
|
|
|
Some company give gambling licenses. Curacao company, UK gaming company (UKGC), Danish Gambling Authority etc. Curacao Company licensed some prominent betting sites. Do they monitor after giving license? Now a days a lot of betting sites have gotten license from Curacao but their support is not up to the mark. Even some betting sites scam with customers. Even this forum we have seen some gambling sites negative review.
Maybe some had still in touch with them and maybe some will just forget their responsibility after giving the license and getting the payment. But I think this is not the reason why many gambling sites are got into trouble and become a sort of illegality, it was their own doings and it was their intention to break the rules. Because they are committed to what they sign from the agreement, they might be having good and obey the rules. I believe that as long as they are adhering to the rules, such as paying their taxes and refraining from breaking the rules through publicity, no one will be able to prevent them from continuing in their current business practices. The gambling industry is one of the highest tax payers in the country, which is why they take such good care of it. However, imagine those small time businesses that break minor rules and end up in trouble. Apart from that, there are only a few gambling sites that adhere to the rules. Reviews can be purchased, so we should be on the lookout for that as well.
|
|
|
Not enough to own a mansion but enough to start a business. I think if you are just thinking about the mansion then it would be difficult to buy with just this amount but if you start a business make 0.1btc grow and buy a mansion then it is possible . Businessman mindset , as they say if you cant afford dont buy it , make more money first before buying anything . 0.1btc is just enough i think to very small house since the price of land and houses right now is really high so it would still be difficult to find one.
|
|
|
|