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401  Economy / Gambling discussion / Re: Online Gambling could be used to pay for covid problems on: November 19, 2020, 01:48:03 PM
So far, seeing that there are only a few casino places that follow the rules of the government, the rest they don't care about the rules given by the government, online gambling is difficult to ask to obey government regulations because they don't have real-world gambling locations so maybe That's one of the thoughts of online gambling place owners.

Maybe the casino that does not follow the government's rules doesn't have a license, so they don't think that following the rule is necessary. But if that is happening like that, maybe that casino will get something bad from the government because they don't follow the rule. I don't know how online gambling can follow the rule because they are not bound by one country. But I am not sure about that.

What if the casino is virtual and how do you propose on taxing them if they are registered and located in a free heaven. It is impossible for them to tax them, all they can do is impose a complete ban of online gambling and encourage gambling houses to register with the government to get the approval to run the site, you know and everyone knows that it is impossible to come with that kind of restrictions.

I think the online casino will search for the country that does not apply any tax for any online business. If they can get it, they will not have to think about the tax, and they will run their business smoothly. If that so, the government needs to make a regulation related to the online casino so they can still get taxes from the gambling business.

To be honest applying you casino business for business permit and registration to the government for legal operation would cost a lot for a business owner but having a licensed to operate was its big advantage or its card to compete to other casinos. So definitely once a casino business be it real business or online gambling that doesn't follow the rules of the government were for sure do not have a license to operate.
402  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin be considered the “gold” of crypto investment? on: November 19, 2020, 12:44:02 PM
Why not have them both? bitcoin and gold can con-exist with each other and therefore it is not necessary to make comparison which one is exceptional in terms of investment. bitcoin being considered as in investment started only when its price reaches above $20, 000 which entice a lot of people or investors to view it as speculative asset grants them pretty good profits when in fact it is originally created as a "currency".

Both of assets have their own pros and cons anyways, it just depends on the risk appetite of people who are going to invest in them.

Precisely having gold and bitcoin at the same time as an investment were such a good thing to do. If i have an opportunity to avail both then i'll definitely wanted them but since i have a limited amount for my investment that's why choosing bitcoin as an investment for now well much better. Bitcoin today has become more good as an investment which provide a good investment portfolio and despite of pandemic crisis it still even getting more investors.
403  Economy / Gambling discussion / Re: Is there any insurance service for gamblers to retain heavy losses....??? on: November 19, 2020, 11:49:43 AM
I have been thinking of an insurance service for gamblers, in which they were supposed to pay regular premiums. And while placing bets can get back at least a small amount back if the lost amount is a huge one. Myself too haven't come across such services. What you people think of an insurance for gambling.

No insurance will accept that kind of coverage, they are going to lose because there is no guaranty of winning in gambling, you can lose big amount of money anytime you are in the betting table or dashboard, insurance is a money making business they are not going to make money here, your best option is always to gamble money that you can afford to lose, nothing beats this mantra.

I dont think that there were such an insurance company which would like to offer an insurance in a gambler. There is no such thing in crypto gambling or even in any kind of gambling that's why we always keep on saying that in gambling gamble what you ara afford to lose. No business man would like to risk their business without any assurance of return of their investment or profit. If losses in gambling were only covered by the insurance company i bet that every gambler will definitely enjoyed their every moment in gambling.
404  Bitcoin / Bitcoin Discussion / Re: Another billionaire just invested in bitcoin on: November 18, 2020, 11:45:09 PM
They've probably fear the banks unlimited printing power thus making their money useless in the future due to inflation. In time we'll be seeing more billionaire's investing even big multi billion companies are adapting and putting atleast 10% of their portfolio, and with Bitcoin's scarce supply it wouldn't be enough to sustain all the demand. Better accumulate while its still early and most Institutional investors are starting to discover the brilliance of BTC.

Its just a good indication that bitcoin today were continue to become a good rising investment that even billionaires were being attracted to it. Well in fact it is a good investment that every billionaires shouldn't missed out since the inflation of each country were keep on getting higher each year and so time may come that the fiat currency may become less worth than it was used before. This 10% investment of this man really adds up to the good market value of bitcoin.
405  Bitcoin / Bitcoin Discussion / Re: How to make old people understand Bitcoin? on: November 18, 2020, 03:31:39 PM
To make parents understand bitcoin is difficult and can definitely be done, some parents who are lazy to read can be taught via video and they must be guided to quickly understand bitcoin. but there are many parents who don't want to know about bitcoin, they are more sure about fiat, so it's difficult to give an understanding of bitcoin to parents like that.
Yes, it's hard, I already show how cryptocurrency works to my parents but they didn't get it. The only thing they knew is it generates money, well of course through trading and investments. Tbh, it's hard to make old people understand bitcoin since they prefer traditional things and don't have time to learn or adopt. Maybe they might get interested and learn it if they will benefit a lot especially those businessmen who target modern technology nowadays.

And even my mom too, i used to explained it to her briefly as simple as i know but the only answer i get was nodded which i bet she get it but the next day she would ask me the same thing about what i am doing. And so the process just repeats itself. However despite of this i am happy that she show support in anything i love doing and what i am doing. She just make me do whatever i wanted to do.
406  Bitcoin / Bitcoin Discussion / Re: Have you received a call/text recently from a friend/fam asking about Bitcoin? on: November 18, 2020, 03:06:51 PM
Yup, actually more of them are present during this time, I always have someone way back in college who would always message me if it's still good in this industry, specially when he already have heard that btc price is pumping. I don't mind it but sometimes I do see him as those people who didn't really appreciate the currency, he's just here whenever there's an opportunity. And I think he see me as someone who would give him information about the time where he can earn money here, I don't think he would actually be rich using this currency just like what he aspires to be if he's just here during the price bull run cause it's just too late...

Well in my case i am very curious that may uncle asked me recently about how to deal with bitcoin. At first i didn't expect that this question might came from him and so i do explained to him what i have know about bitcoin. Then at the end of our conversation he present me the link that he wanted to know if familiar to me suddenly i don't know about it then i'll find out that he already give a certain amount of fiat to avail an account from the said investment. To make the long story short my uncle got trap by the scammers sad but i'll just explained to him to not believe in such kind of sended links without proper research about it.
407  Economy / Gambling discussion / Re: THE MOST PAINFUL DAY IN MY BETTING CAREER on: November 18, 2020, 02:32:19 PM
I too experience the same in basketball i thought that cleveland would make another miracle in their game against GSW. But looks like lady luck is not on my side, they lose the series with 4:0. I should have not, bet against GSW knowing that they have a pretty strong roster.
I guess what i can do is accept what happened, and move on. Now i only bet small amounts, because i fear of getting rekt once more.
Every bettors would have experienced such a thing before, there can be unlucky games for bettors, I have played a football game before, I chose a very strong team, the strong team score at the beginning of the match, while the match was going 1-0. After 90 minutes of the match, they were given 4 minutes extra time, but after the 4 minutes, around 94 minutes and 26 seconds, the weak team scored and the match was ended immediately. That is just gambling for everyone of us, it can also happen in a way you would have thought to have lost a match but immediately after 90 minutes the club you chose will scored and win, games ares unpredictable.

Anything that we think seem impossible to happen in the court were definitely have the possibility to change inside the court and while the game is on. That's why for me i am looking a sports betting not different in gambling since both areas were money risk involved and the mere fact that this have a pure-luck based on it makes me feel uncomfortable to be so engaged in this kind of game. We do have our own favourite team in specific sports but it is not mean that once a winner always a winning team all through out their game right.
408  Bitcoin / Bitcoin Discussion / Re: Thinking Bitcoin is Scam on: November 18, 2020, 10:21:56 AM
Since I invested in bitcoin, I have been ready to accept all forms of risk so that the information that supports the existence of bitcoin makes me motivated and keeps trying to maintain time efficiency in getting results and always hope bitcoin will be more advanced in various parts of the world in the future

Bitcoin is clearly going to be more advanced and almost all countries are familiar with bitcoin and its actions, but maybe there are still some who have not been able to accept it with much consideration and it is not easy to determine the regulations that will be carried out if bitcoin is accepted as a legal means of exchange. usually bitcoin is accepted as crypto trading in general and is not directly connected to banking and that does not matter, meaning bitcoin is still recognized.

I appreciate yourself that you always believe and support the totality of bitcoin and believe that bitcoin is a very profitable investment. bitcoin is of course very interesting now because it is in a period of movement to increase and at least don't miss holding bitcoin so you can enjoy a period of sharp increase.

This will open the eyes for anyone who has underestimated bitcoin that bitcoin can contribute to its holders and is not a dream and might make you disappointed, that's not true.

Well i guess the fact that people concluded that bitcoin was a scam was all due to wide spread of scams using bitcoin as a front page on their agenda. Today i do really believed that this scams were really into action to catch as much victim as they can in their trap. Some of the link using bitcoin as their front page are proposing multilevel marketing and even binary trading which in fact were already suspicious to think of.
409  Economy / Gambling discussion / Re: Lost more in the process to recover ? on: November 18, 2020, 12:10:34 AM
It is what it is but we cannot remove the fact that there are lucky gamblers. They gamble as if they want to win and luckily winning the jackpots.
In that case, they have recovered and won money too.

If they win it then lucky, they are else those who have lost in recovery will think back later why did they gambled again. Its worse for those who had borrowed money in a thought will win and lost it again will now may not have money to pay back too. So its luck which may help you to win or lose in the end for some games.
Those gamblers who borrows money are desperate but it's not a good move. Lose your money but don't lose others money even if you have borrowed it.
Several times I've read gamblers who have done that and lost a lot instead of recovery.

That's why we always keep on saying that gambling were totatally a risk taking without having a 60% chance of assurance that you will going to win from this kind of game of fortune. It were already given that once you decide to enter a gambling just keep in mind that you will either lose or win with this but sometimes losing option were the favourite spot of a rolling roullete to pinpoint in the game of life of gambling. But despite of this fact people were keep on being engaged in this track.
410  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Will you Invest in Ethereum ICO if it is just Starting ? on: November 17, 2020, 06:02:05 PM
Let's say i'm already knowing Ethereum will become Major Cryptocurrency and i can Jump Back Time to 2014 Basically i will, but if didn't know anything on that year like today basically Depends on some condition, It's Simple logic with current ICO market but more likely on that year scammy ICO hasn't been that much like today. The answer is possible but maybe I'm just curious and won't invest too much ($1- $10)

And so do i, i would probably invest in ethereum if i already know it but suddenly i didn't know ethereum way back then. But as soon as the ethereum become a good altcoins i didn't hesitate to invest in it. Now, ethereum has a good market standing and no doubt that amongst all of the altcoins ethereum will become a dominating altcoin and second to the bitcoin. That's why ethereum will become known by its own project team behind it than knowing by its past.
411  Economy / Gambling discussion / Re: Gambling Gang uses crypto for illegal purposes on: November 17, 2020, 04:44:00 PM
There is no big deal. Gambling gangs use all kinds of ways for illegal purposes all over the world. Cryptocurrency is used in illegal transactions just like the fiat money that everybody knows about. It is not what they use that matters actually. If the transaction is illegal they will be stopped and the violators arrested and made to face their crimes. But they don't stop the currency they are using or arrest the people behind it. They might end up stopping fiat and arresting central bank and treasury people.

To be honest any kind of currency will probably be used in illegal purposes. Even the fiat currency were being used by those drug users and even gambling gang. For me those people were desperately wanted to earned an instant profit without being thinking if those money were came from bad or good. And not so impossible that even cryptocurrency can be also used in illegal gambling. People today were desperately wanted to gain an instant profit so even illegal will never be a hindrance to them.
412  Economy / Trading Discussion / Re: Which is the secret to success in trading? on: November 17, 2020, 03:35:45 PM
The secret of success in trading is to experience failure. Because that is a reason that you'll need to grow up, add some more knowledge, and to find strategies that will work with us together. Even in the stock market or any business, losing is a part of it, and by that mistakes, we are able to learn, a thing that helps us to think another in order to prevent the recurrence of such mistake.

Here in cryptocurrency we have this saying that "patience is a virtue". It only means that we have to wait for a profit before we can gain it. Sometimes we have to face a more failure than experiencing winning easily. There is no such an easy money here in crypto, you only harvest what you planted. The more you sacrifice to learned about trading the more you can gain a knowledge that you may used to generate a profit from cryptocurrency.
413  Economy / Gambling discussion / Re: Gamblers lose more money than win. on: November 17, 2020, 02:30:57 PM
For me there wouldn't be a problem with it as long as the gambler is only playing with their spare money,
But if they would gamble with more than just their spare and it would affect their family then it would be problematic.
I think gambling should be fun and all but if we couldn't control our greed then it is better to quit before you destroy your life.
I could agree with the title base on my own experience I lose more than winning in my gambling time.

Well for me once a gambler were really hooked up with gambling they cannot observed that they were getting lose their money more than winning. Well its because they are now enjoyed their gambling activities. And for me this is a dangerous feeling that a gambler should have because this is the beginning that a gambler being addicted with gambling, this is were the gambler enjoyed playing than being concerned with its loses ahead. That's why it might be true that gamblers loses more money than winning it.
414  Local / Others (Pilipinas) / Re: My Plan if ever happens again ATH on: November 17, 2020, 01:26:17 PM
Matagal tagal na din since walang malaking paggalaw sa presyo. Matagal akong nawala sa forum ang huling presyo ng btc bago ako maging busy sa buhay ay wala pa atang 10k kung di ako nagkakamali, pero kahit papano maganda ganda na pala ulit ang presyo. Plano ko kung makakuha ako ng bonus sa trabaho invest ko na lang sa btc kung sakali at paikutin ito sa trading kahit papano.
Maganda talaga na kahit papano may bitcoin kang tinatabi para sa future, para tad ngayon pataas yung bitcoin kahit papaano isa ka sa ag aantay na mas tumaas pa bitcoin, kung ako sayo bili ka na ng kaunti ngayon tapos iscalp mo na lang malay mo madagdagan pa di ba. kaya go lang di pa naman nag ath eh.
415  Local / Others (Pilipinas) / Re: Mga galawan ng mga scammer sa social media on: November 17, 2020, 11:04:24 AM
Pinaka mainam na paraan yung pagreport sa mga account although napaka dami nila. Minsan nga sila sila nalang din ang nagrereply sa mga comment nila. Dati ng gawain to ng mga scammer, yung mag ooff topic post ng mga scam link sa mga famous social post like twitter dahil madaming tao doon na hindi pa aware sa mha ganitong scheme at maari ka talagang mahikayat kung first timer ka dahil ang laking halaga ng pinapangako nila.

Kung may bonus lang sana per accurate report sa facebook edi sana mayaman na tayo.  Cheesy
Oo, pero minsan nakakainis din sa Facebook tama naman ni rereport mo tapos may narereceive kang ticket na hindi naman daw lumabag sa rules and regulation nila like what the, parang di pa siguro ayos yung algorithm no Facebook para malaman yung keywords ng mga pwede nila madetect tapos ma o consider as scam. Ilang beses na ako nagrereport, mismong post at account na pero wala e tila walang nangyayari.
416  Alternate cryptocurrencies / Altcoin Discussion / Re: Why Will you Invest in Ethereum ICO if it is just Starting ? on: November 16, 2020, 11:26:31 PM
It depends on their purpose, project value, and future plans, I need to research first their plans, if it is really have a potential for short and good  term, it should be possible to implement as well because if not why do we need to invest in their Ico if we can by ethereum in different exchanges rather than to their IPO or ICO, always do your own research in everything, for you not to regret many things, there's a limitation in everything.
417  Economy / Economics / Re: The Difference Between Staking and Investing on: November 16, 2020, 09:31:41 PM
I think better staking than holding only because holding or investing just waiting when coin have higher price without get commission from exchange market.
The problem with this theory is that you cannot stake all the coins for example Proof of work algorithm based coins cannot be staked and not all the POS coins are good because while POS saves energy and power but the coin's value drops as people sell the coins they earn from staking. Rich guys buy huge amount of coins and then earn staking rewards and sell them. I believe and consider as a modern way of earning interest for your money.

Investing or holding is good and better than staking when the coin is not based on POS but if it based on POS algorithm then better and obviously good to take the rewards by staking while also holding.
Correct! but for me they don't have any difference at all except that in staking there will be a passive income everyday, but the price might change if the team want to lower the amount of percentage, and of course its trading value, while im investment only, you sometimes need to day trade or long trade, there is no additional token each day, you need to monitor it very well.
418  Economy / Gambling discussion / Re: Sports betting strategy advice on: November 16, 2020, 02:45:40 PM
I'm not into sports betting but there will be some statistics in every team right? So why don't you try to analyze the chart for you to know where to bet, in which team you are going to bet, but choosing the best team among the list or the crowd favorite can be good but I'm not sure to it.

Even if you managed to analyze them well and you look to charts and other things there's still no assurance that the team you have chosen will win. Actually there's no best betting strategy since there's no fixed player that will play and from time to time the best betting strategy will change.
Yes you are right , so in that case, I will try to make multiple bet I think? but only for top 4 in the current league, so that for my I will be having 25% each possibility to win the game, or I will only bet when it is semi-finals so that it will accurate based on what I am going to do afterward, reward is high so I think i will not get into debt if I will going to be loss a game. This is a safe play I think , for me not to lose much.
419  Bitcoin / Bitcoin Discussion / Re: Buy Low, Sell High on: November 16, 2020, 02:04:30 PM
a very classic words, buy cheap and sell high, I think it can not be identified with bitcoin alone, a natural thing in life.  almost in every business we have, we always imagine a higher return from the capital we have.  however, it is not easy.  not everything we imagine come true, all through a long process.
Isn't that the main concept in trading. And indeed this concept is the most effective among other concepts. although the pattern is normal, I think here we all apply it. so there is no classic word, because it is impossible to buy at a high price and sell at a low price. lol
All activities are transactions, the basic concept of trading will remain the same "buy low, sell high" if you use the opposite concept, you are not a trader.
There will be still some people who will buy even a certain coin is having a HIGH PRICE in the market, that is because of FOMO or fear of missing out, sometimes even the coin price is high it is good to buy it, but be sure that it will not goes down so instantly, so you should learn how to monitor it and read charts so that you don't have any regrets in the future.
420  Economy / Gambling discussion / Re: Sports betting strategy advice on: November 16, 2020, 09:39:27 AM
I'm not into sports betting but there will be some statistics in every team right? So why don't you try to analyze the chart for you to know where to bet, in which team you are going to bet, but choosing the best team among the list or the crowd favorite can be good but I'm not sure to it.


EDITED: (because I remember something)
 I only bet in our local gambling card game in my place, every basketball league we choose the ending score of each team of the game, I often see first their current standing in the league, most of the time I choose the top 3.
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