I think most countries tax only fiat, or crypto ONCE it's converted to fiat.
And at that, over a certain amount. In EU its 10k euro. Which means, technically you can go to other country, withdrw 1 BTC (at current price) and bring cash. That's legal.
Countries can't track cash.
Having said that, if your income is lets say $2000 month, but you're spending $5000 a month without any loan, you'll get on their radar.
That is why many banks are now forcing people into cashless society, where everything has to pass through your bank account, and is reported to the govt.
When you withdraw 1 bitcoin and send it to your bank, that will make the bank alarm sound, and they will investigate how you can get that money before it's transferred into your account. I think he can withdraw for a little amount less than $500 to his bank account, so that will not make the bank suspicious. I think the bank will not ask if you got a transfer for a small amount to your account, and they will feel that you have other jobs. But you can search for other people who want to buy bitcoin from you, and they can transfer the money to your bank account, but once again, don't sell it for a large amount of bitcoin. |
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This is very disadvantageous, joining a gambling site that you found elsewhere and not on this forum, because all the reviews, feedback and reports are all here in Bitcointalk some of the gambling sites promoted on social medias are coming from affiliate of that gambling site and not really independent reviews.
I will not try to play gambling, which does not have ANN on this forum because we don't know if their site is good. Besides that, we don't know about their reputation among the other new or old gambling sites, so that can lead us to get scam by them. But I think some people will try to join the gambling site out there because they are curious about the site, and they want to test the site to find out if that site is real. If that so, they need to realize that they can get scam anytime, and they need to set a limit of the money to be used for playing gambling. |
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Guys, be ready for an upcoming move in the next 3 days max. It could be anything but I believe that most probably we'll be witnessing a $1-1.5k movement and it'll be so quick that either side the way it goes, the opposites will lose a lot of money just as many were getting rekt due to these trades. It's just that I came to know about something sort of an insider thing, let's see if it proves to be true. I believe we'll be see a bullish breakout, but whichever way it goes, it'll just rekt a lot of traders.
Is there any prove or graph that shows it will be a movement in next days or it is just your prediction? You say it is an "insider thing", but how professional and reliable is your source? Without any detailed info or a proof, this is call simply guessing. If your insider says, next few days will go up, or maybe down, I would not trust this kind of info much. Many people speculate on their analysis, but no one will know the truth of what will happen to bitcoin's price. But I believe that bitcoin can exceed $10k in the future, and even if the price is now still below $10k, it will increase to that price, and it's only a matter of time to see that will happen. We can only give the chart that we drew without knowing if that will happen or not because that is the prediction that every people can make. We can say that the price will happen in the next 2 months, for example. But the truth is like what I mean, no one will know. |
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Usually if there is maintenance it will never go down 2-3 days, gambling sites if maintenance is only a few hours. Possible BetBit casinos scams.
Moreover, your balance is around 0.3 BTC is lost, I'm sorry to hear that. This is a lesson for all of us, do not deposit in large quantities on gambling
sites. In my opinion, BetBit casino closed the site and you have already lost your Bitcoin. There is nothing you can do, except accept what has
happened.
Thye are losing in the competition that is why they prefer to scam their players, 0.03 BTC is not really a big amount but they are not making money so they scam their players and close their site, so this is what you get from playing on gambling sites that is not popular and do not have continuous marketing. It is not 0.03 btc but 0.3 btc  Hopefully, he can get the important lesson from his experience, and not riskying that such amount if he can not accept that the site can scam him anytime. We all agree that playing gambling will be dangerous if we don't have control, and still deposit more money because we want to win bigger money. If we don't realize, and the casino closed the site, we can not do anything, and as @MCobian say, we need to accept what has happened. Next time, if you want to play gambling in other gambling sites, you better don't use more than 0.005 btc - 0.01 btc, so when you get a scam, you will not be too sad. Pardon me but this kind of reaction seems wrong to me. You do not somehow blame the victim. There is always a presumption of regularity or of good faith. The OP, just like other gamblers, are trying to have some fun and probably also trying to make money out of it. Was it OP's fault that he got scammed? Of course not. Was it his fault that he deposited 0.3 BTC? Of course not. The OP does not have a fault. Why should he be expecting that the site he's been using all this time is a scam? BetBit must have lost a lot of revenue due to this pandemic. Betting is now limited to a very few events. This might be one reason why they ended up gone. I and you and other members don't have to blame him because that is his money, he can use his money for anything he wants. We can only suggest that he not repeat the mistake if he doesn't want to feel sad like today. The OP is not making a mistake, but I think he uses too much money for playing gambling, and suddenly, he got a bad experience and shares his experience, so we can say that his only mistake is to use too big money to gamble. There is a chance to get a scam from any site, especially with the sites that we have been used for a long time, because we never know what will happen to that site.
If you want to gamble, make sure that you use the money you can afford. That is the best suggestion for people who want to play gambling. |
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As long as the exchanges can protect their site from hackers, we don't have to worry about anything.
I am sure the exchanges, especially the big exchanges, will try to secure their site and be aware of the hacker attack.
If you still worry, you don't have to join the exchanges, but you can use another way to trade.
But I am sure that the cryptocurrency will not lose popularity because of that problem because people will have another exchange to trade, and they will not back to that exchange.
People have many good exchanges that they can use to trade, so they don't have to worry about hackers.
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Can someone make it trading only altcoins?
It is possible, but that will be difficult since he needs to find the potential altcoin which can moves good every day. He needs to analyze every day to find the coins, and he needs to spend more time to find. But I advice him to trade stable coin pair bitcoin because the movement will be good for him as we know that bitcoin price can go up and down every day, so he will have the opportunity to make a profit. Besides that, he can save his profit in bitcoin, and only sell the bitcoin once the price increase. |
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Usually if there is maintenance it will never go down 2-3 days, gambling sites if maintenance is only a few hours. Possible BetBit casinos scams.
Moreover, your balance is around 0.3 BTC is lost, I'm sorry to hear that. This is a lesson for all of us, do not deposit in large quantities on gambling
sites. In my opinion, BetBit casino closed the site and you have already lost your Bitcoin. There is nothing you can do, except accept what has
happened.
Thye are losing in the competition that is why they prefer to scam their players, 0.03 BTC is not really a big amount but they are not making money so they scam their players and close their site, so this is what you get from playing on gambling sites that is not popular and do not have continuous marketing. It is not 0.03 btc but 0.3 btc Hopefully, he can get the important lesson from his experience, and not riskying that such amount if he can not accept that the site can scam him anytime. We all agree that playing gambling will be dangerous if we don't have control, and still deposit more money because we want to win bigger money. If we don't realize, and the casino closed the site, we can not do anything, and as @MCobian say, we need to accept what has happened. Next time, if you want to play gambling in other gambling sites, you better don't use more than 0.005 btc - 0.01 btc, so when you get a scam, you will not be too sad. |
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I agree with what you say that we should pick the type of games that can give us happiness and pleasure when we play those games.
No matter if that game is slot or dice, as long as we can feel that feeling, we can play more often than the other gambling games.
Maybe if we pick dice as the gambling games that we always play because, in the dice games, we can feel the excitement.
But I am sure that many people playing both games dice and slot together because they think both games can give them happiness and they can enjoy the games.
Theres no rule or any restriction that people shouldnt play both games.It is depending on the gambler itself because there are really games that do find interesting for us and some are just boring ones. Selecting games will be depending on your own discretion.When it comes to winning or profiting possibility then we can differentiate the two but in overall aspect they are much the same. They do only differ on how its been done and all the glitters and stuff that we can see in slots but not in dice game.This is why some people do like to hang out with slots due to fancy stuff and some do like dice for direct and fast rolls. Yep. People are free to play both gambling games or play one of those games, but they must have limitations on how long they can play, so they don't waste their time just to play gambling games. A gambler will play their favorite games, and for a gambler who has control among the other gamblers, they will not spend more money or more time because they know that playing gambling can make them broke. When playing slot and dice games, people must remember that both games can not be a way to make money and only considering that those games only bring us temporary enjoyment. |
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I guess people will still buy bitcoin no matter if they can earn money or not, because, for bitcoiners, they will want to have more and more bitcoin.
Collector's value? If Bitcoin would be reduced to that it's trading volume would probably be near 0. I voted for the second option. I haven't bought any bitcoins for a long time since I went all in long ago and now have to spend all my fiat on my daily needs. I'd still use it and hold it if there was no new ATH, although I feel like it's still greatly undervalued at 9k. I'd appreciate a stable price between 15k and 20k. I am not sure because that is what my friend said to me at that time. We don't know what people do right now, whether they still buy bitcoin or not. But if I have a lot of money, I will buy more bitcoin because that will be a hidden gold for me. Yes, I still hold it like you, but if the price is down below, I will buy some amount and sell it again once it's increasing. Many of us hope the price will be stable at $15k or $20k, but the price does not touch that price, but I am sure that it will go to that price soon. |
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What do guys think of ChainLink's long term price prediction? Do you recommend, if someone bought it @ $1.5 better to sell and buy back at correction? Worried, What if there is no correction?
It depends on how many ChainLink's you have. If you have more than 10k, you can sell 7.5k at a price now or waiting for more until the price increases or having a green candle and wait for another correction price. Or you can hold it for a long time until the price increase so high. But in this matter, you need to have a target price, so you don't wait for the unknown high price because you will be greedy if you don't have a target price to sell. I am sure if the price can touch the highest price in one day, the price will go down, and sometimes, the price will get dump so hard, and that is your chance to buy back at correction. |
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I made a small edit to option 2, because I suspect there were still misunderstandings - I think some may have voted for it, even if they depend on Bitcoin earnings. As the general sense of the poll options has not changed, I have not reset the poll.
@traderethereum: What you write is not wrong, only that what you write is not exactly what I want to achieve with the poll. I'm not trying to know if Bitcoin's price will be stable now (In fact, I think not).
Instead my intention is to know what would happen if we see a long stable or bearish phase. "Long" in the sense of longer than any stable phase or bear market we've seen until to date - approximately longer than a year, which was the maximum length of past bear markets in 2013-15 (~14 months) and 2017/18 (~12 months). The question is: Would people keep using and buying Bitcoin or not? Would they wait for a further crash (option 3)?
With ICOs/STOs etc. I wasn't referring to "altcoins" in general, but tokens which correspond to real-world businesses. Even if Bitcoin becomes a "real currency" and stabilizes, these tokens would continue to be volatile, just like stocks today, because businesses are successful or not, what would be reflected by the token price.
Thank you for editing the poll and make it clear, I really appreciated it. If that so, I will still vote for number 1. I guess people will still buy bitcoin no matter if they can earn money or not, because, for bitcoiners, they will want to have more and more bitcoin. That is what people do if they believe in bitcoin. But some of them will wait for a further crash because that can help them buy bitcoin at a lower price.
I have experience in the past. When I talk about bitcoin with some of the early bitcoin adopters in 2013-2015, they said that it is better to buy more and more bitcoin at a price at that year, even if we are difficult to earn money from bitcoin, because we believe that the bitcoin price will increase so high. What they said has proven in 2017-2018 because, in that year, they have the biggest chance to sell bitcoin for almost $20k per 1 bitcoin, and they have more than 5 bitcoin. Their initial money is less than $5k.
I think that situation will happen again if bitcoin has a long stable because people who have bitcoin right now, would buy more bitcoin at a price now. They will repeat history by booking a lot of money from bitcoin in the future. |
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Not really because the clone site can look like the original site that can make them confusing to play gambling.
I think online gambling is already booming because I see in some advertisement which promoting the gambling website, but I think that the gambling website is accepting fiat.
But I think the crypto gambling website already appears in some advertisement, so that can make people curious, and they can join because crypto is a new thing for them.
When there is more advertisement about crypto gambling or fiat gambling, people will be excited to join because that will be entertainment for them in the lockdown or the new normal.
I don't really find any crypto gambling related ads on social media or Youtube like platforms from the official ads only I had seen poker sites and apps on various youtube ads that is why I said people already moved to online casinos with fiat so physical casnios will take time to establish their online community and get advertise them. I don't say that the crypto gambling site is shown on social media or Youtube because I am sure that any gambling material will be banned in that site, and there is no chance for the gambling site to appear. But if you browse on the other website, you will find some crypto gambling will show as the advertisement, so there is a chance for people to visit on the crypto gambling site. There will be more crypto gambling sites that will appear because the site can promote on many websites, there is a chance for them to get more members. |
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That may actually be the next project of these physical casinos, create their own online sites and setting up/managing it would not be hard on their end. So yes, online gambling will boom in no time. They can get their players easily as they already have their own patrons so they will just send a message to these loyal patrons that they have online site and they are on the way.
However, this is a rather laborious process. Just as when moving from one place to another, we risk losing some things, so when moving customers offline to online there is a risk that they will be lost. When a large casino announces the creation of an online cell, a lot of scam clones appear that will disorient and lure some customers to themselves. And given that the level of preparation for working with web applications is different for everyone, the percentage of trapped clients can be quite high. I don't think most people will be trapped into clone sites if the casinos create their official online site and invite everyone from their physical casino itself but it is not going to happen in near future so there people might already moved to fiat or crypto online gambling sites to tackle lockdown boredom. Not really because the clone site can look like the original site that can make them confusing to play gambling. I think online gambling is already booming because I see in some advertisement which promoting the gambling website, but I think that the gambling website is accepting fiat. But I think the crypto gambling website already appears in some advertisement, so that can make people curious, and they can join because crypto is a new thing for them. When there is more advertisement about crypto gambling or fiat gambling, people will be excited to join because that will be entertainment for them in the lockdown or the new normal. |
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If that happens, I guess we will be in a boring mode because we can not profit from bitcoin. You could, in this hypthetical situation, maybe not profit that much only from holding it. But think about what Bitcoin wants to be. If it wants to be a real currency, then it has to become stable eventually. In "real currencies", i.e. those that become an unit of account, you only profit from hodling "something" if this hodling involves risk (this is one of the basic Capitalist principles), for example investing in stocks. To profit, instead, in a "Bitcoin world" you could invest in ICOs and hope that the projects you support are succesful. But holding the currency should be, most of the time, only "hold your value" approximately. The question is if Bitcoin can become this kind of "real currency" or not. If there are not enough user supporting it without needing an ICO, then it would crash in an insane manner when people realize that they won't become rich from hodling. Holding bitcoin will not give much profit than use bitcoin to trade unless the price surge suddenly. I think it is hard for bitcoin to stable because the max supply is not already reached, and we are still seeing the next halving in the next few years. Maybe if the halving amount is reduced to less than 1 bitcoin, the price can be stable, but I don't know. But I agree that bitcoin needs to be stable to become a real currency. In these situations, bitcoin already stable for a moment, and the price is not down below $9k and not up to $9,500, and the price has always changed to that price over and over. If we are still in these situations until the end of this year or next year, we can try to search for the profit from the altcoin or ICO or IEO or whatever its name. I am sure that bitcoin can become real currency in the future, and we still need an ICO or IEO or even existing altcoin to help us to make money or profit. We need to accept bitcoin to be stable if we want to use bitcoin as a currency. But we already have a stable coin which is not too volatile as bitcoin.
I am sorry if I am wrong at this point because I am not too understand about the economic law or something that kind.
People who have confidence and believe in bitcoin will stay and will try hard to earn more bitcoin because they believe that bitcoin price can increase so high.
This user group is exactly the group which should vote for "No" in my poll. Because they think Bitcoin is a speculative vehicle, not a currency. If this group doesn't become smaller eventually, Bitcoin will finally crash hard. Instead, those that believe that Bitcoin will stay and don't depend on a price increase, are those who will always act as a support, and create the conditions for BTC becoming a "real currency". If so, they can leave bitcoin as it is without the want to use or buy another bitcoin because the price is down. I think they can answer "It depends, maybe after a substantial price drop" because they can buy more bitcoin with less money when the price drops. But we don't know what they reason to answer no, and we only guess for what they think Yes, I'd still buy it. I never really saw it as an investment for some reason. Sure, at first, I bought BTC and was waiting for an ATH, but as time passed, well, my mindset changed quite a bit and started using my supply of BTC every now and then. I still hold a bit of them and buy them every now and then, but even without the chances of achieving another ATH, Bitcoin being an option to buy some stuff I want without finding out who I am seems pretty nice to me. If that happens, I guess we will be in a boring mode because we can not profit from bitcoin.
Probably, that can be a way for people to save their bitcoin, and they will try to search for the profit from the altcoin market.
But personally, I don't think that the price stays stable for a long time. If we look at the market situations now, we see that bitcoin price stays stable, but the price is not mean it stays at one price only, but the price still up and down.
People who have confidence and believe in bitcoin will stay and will try hard to earn more bitcoin because they believe that bitcoin price can increase so high.
But I don't know which group will be bigger because that group does not show themselves in public.
This is just a sad mindset and has probably failed what Satoshi's goal really is tbh. Well, not that I can blame you, the community up to now has pretty much lead us to think of Bitcoin as an investment after all. Still, "boring" seems kind of taking it as Bitcoin now being "useless". It's not like the only characteristic of Bitcoin is being a speculative asset. You're basically blinding your eyes to a majority of what it can do due to being blinded by, yes, profit. Because people now think to make a profit from bitcoin from investment and trading. Boring here is about we are difficult to analyze, predict, or knowing when the time to trade because we are hard to see the chance to enter the market. If we can not get the sign to enter the market, that can lead us to buy at a high price, and it will be hard to sell it back for some time. I use bitcoin as an investment, and as a way to make money, but I accept the price fluctuate. Although I am not good at analysis, I believe that if I keep trying to analyze, I will get that time to enter the market. Btw, we need profit, and I believe you want it too But once again, maybe I am wrong, so I apologize. |
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Well I guess something that makes one happy, or gives enjoyment can be considered fun. That's basically what alot of games or casinos give their customers. This is why some or many get hooked for a long time to keep enjoying the games even though they may not be profitable. The problem with this is that if those kinds of games aren't developing people the right way, or making them to be profitable/productive, they become problems...one of the problems this casuses is addiction.
If the casino can make their customers happy and satisfy, that means, the casino succeeds to bring pleasure to their customers, and they will come again and again. Yes, many people become hooked because of the services from the casino, and sooner or later, that person will become addicted to gambling, and he will always gamble in that casino. Gambling will not make them productive or profitable, but maybe that will work for a few people who got luck from playing gambling. And when that person becomes addicted, it will be too late for them to leave the casino unless they have somebody else who can help them to get out of the casino. |
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When something becomes a new trend, some bad people will try to scam people by using that thing, and they will offer such big rewards to people.
That is for getting many people to join with them so that they can get their money. Unfortunately, people are following them without search for the other news if that is a scam or not.
If people can research for more, they can prevent the scammers from attractive offers because people will know if that program is a scam or is real. But the scam will still be there to get the chance to steal people's money, so you need to be careful to decide.
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If we will pick between slots or dice, it is better if we will pick the type of game that gives us exciting feeling and happiness. I think it is really subjective when it comes what are the best games between slots and dice. It is true that it is a matter of perspective so there is no reason for us to say that slots are better than dice or dice is better than slots. We can choose whatever we want as long as we play games that we like and we love.
I agree with what you say that we should pick the type of games that can give us happiness and pleasure when we play those games. No matter if that game is slot or dice, as long as we can feel that feeling, we can play more often than the other gambling games. Maybe if we pick dice as the gambling games that we always play because, in the dice games, we can feel the excitement. But I am sure that many people playing both games dice and slot together because they think both games can give them happiness and they can enjoy the games. |
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In short: I want to know what would happen if the price stays stable for a long time: who would leave, who could stay, and which group tends to be bigger.
If that happens, I guess we will be in a boring mode because we can not profit from bitcoin. Probably, that can be a way for people to save their bitcoin, and they will try to search for the profit from the altcoin market. But personally, I don't think that the price stays stable for a long time. If we look at the market situations now, we see that bitcoin price stays stable, but the price is not mean it stays at one price only, but the price still up and down. People who have confidence and believe in bitcoin will stay and will try hard to earn more bitcoin because they believe that bitcoin price can increase so high. But I don't know which group will be bigger because that group does not show themselves in public. |
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I am okay with people advertising but I wonder who the marketing executives at this Sandbox company who thought it was a good idea to boast that they were doing well when the pandemic is generally bad news for most people. A lot of us lost our jobs and income,,, and I know a lot of people affected even worse than my family. Not such a good win for the guys at the article.
There is no exceptions in the pandemic days, everybody needs to recover day by day that's why it's very important to set priority on basic needs instead of promoting gambling. Maybe other wealthy individuals doesn't take this seriously, but let's do respect some specific feelings that doesn't recognize the successful stories while pandemic is still present. I bet that person will not want to show himself to the public because I think some people will not like what he said. People are trying to get up again after the lockdown in their country, and they are trying to search for new jobs. I think many people will feel difficult to search for a new job because they need to compete with many other people who search for the same jobs as them. It is no need to boast about what they did at the pandemic because people will think that it is better not to come to their place again because they get the money while people lose their money. |
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We never know what will happen in the future, and it is better we risk our money than to risk other people's money. If we can risk our money, we will know how to prevent the risk, and we always work hard to avoid the big risk.
But, from the perspective of investors they are ready to risk by believing into some traders' skill set. It means they are unable to trade by themselves and that must be the reason why they want to hire someone else to take care of their funds but for trading purposes. I believe this kind of dealing is already happening on most of the markets and because of it remains profitable to the investors, I guess this kind of trends are still keep popping up. OP's case can be different and it is all about dealing only with friends. I guess this type of traders in the beginning days, they will start with friend's capital and then they will slowly expand their business model which will be allowing anyone to invest with them with the basis of profit-sharing at some percentage. Nothing goes wrong until they manage days in profits  . Of course, they are ready with the risk, but the problem, if my friend takes that chance, he needs hard work to find the profit while the market is at the downtrend, and it gets dump. We remember what happens after 2017-2018, which is the market was dump so hard and makes many coins suffer. It might be different, but if he can not give the return to his friend, the relationship between them will break, and that can ruin their friendship. That is what I am worried about if he insists on using other people's funds to trade. We never know what will happen tomorrow, but that will be up to him. |
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