I see a lot of threads here about some countries imposing a tax on gambling casinos. And each forum member has their own opinion about this type of topic.

Now I'm wondering, does implementing a tax on a gambling platform will really help a country?

- What are the pros and cons of it?
- What should be the proper tax percentage for you that they should impose.
- Will this be a bad thing for gamblers?

Also, are these governments capable of taxing online gambling casinos that we often use like stake, chips, etc...

Checked the website and it is definitely a gamble. It is a new way of gambling that involves Defi, you don't need to predict a specific number to play but instead your wallet address is your entry. Players need to hold a particular amount of their token to be eligible in the lottery. Lotto is only held twice a week and their balance is automatically deducted as their entry if it is having a draw. There is only 1 lucky winner out of 4000 current holders so winning from their platform is almost the same as winning in a real lottery. The only difference of their platforms is you just leave their token on your wallet and pray that it will hit the jackpot.

Bitcoin is great for both situations.

It is a good asset because no one really owns it. You have the right how you will secure it properly and banks have no control of it. Also, its supply is very limited but the demand is continuously increasing over the years causing for its price to soar greatly.

It is also good as a currency for me because you can send or pay someone anytime anywhere you are. It introduces the concept of blockchain technology which would have a big impact on our future in terms of innovation.

Even if it is a risk-free fight, betting your whole weekly salary is already a big risk. Let's say in the current NBA season, a match between LA Lakers vs Houston Rockets. Are you confident enough that LA Lakers will definitely win in that match and bet your whole weekly pay? Will you not consider the risk if Rockets win, what will you do if Lakers lose. Going all-in just because you think the winner of the match is obvious isn't good, it is still a gamble and there is still a chance for you to lose no matter how small it is.

https://pokercm.com/en/rules/chinese-poker/

According to the website above, Chinese Poker is quite popular in Asia not just the Philippines. Each of them has their own names for that game, Sap Sam Cheung/ in Vietnam and Luosong Pai Jiu in China. In the Philippines, it is commonly known as Pusoy.

I'm not sure if this game is offered to some popular crypto-gambling website as it's not that popular in many countries. I searched on google and swcpoker only offers it and I can't find any reviews regarding that website's credibility.

Re: Calculate profits
Description: An easy way on how to calculate profit from investment
Section: Trading Discussion

If you can still pay the loan without putting your family's stability at risk then getting it to accumulate more crypto is not a bad choice. It looks like you have a deep pocket that you are willing to hodl for many years if your investment's value drop. It even has no interest so your debt is not that big when you get a loan. If I am in your situation, I would get that loan because mass adoption is slowly happening, bitcoin and other alts starts to stabilize at this moment from the recent dumps so 5 years is long enough to make your investment grow profit.

If he is going to sell his bitcoin, he won't announce it on the media before he really does. I think most personalities or whales like Elon don't sell their bitcoin directly to exchange because this will alert some reliable sources that a huge amount of bitcoin was deposited. Instead, they sell it via OTC where both parties will agree at a particular price. My friend just told me about this though I don't know how it works exactly but it makes sense because, no whale announces if or when they are selling, they will just announce it after it is already done.

Simplest way is to do it directly on the exchange you are using. At buy, put the price you've bought and the amount you will use in fiat or stablecoin then in sell, put your target price and the quantity of bitcoin you have when you bought at lower price. Compare the two to get your profit. This is what I've been doing to monitor my profit in trading. You don't have to compute it manually, just be careful to not tap the buy or sell button. Some exchanges have confirmations before placing an order but binance does not have it.

It is more like Elon's influence can manipulate the market. He is the reason why doge pumped very high this year as well as bitcoin crash recently. Every time he tweets something that is not crypto-related, people still correlate it with crypto then it suddenly pumps. I don't know why his followers became like that, it's like they treat him as a messiah of crypto that knows what will pump next. People who are into crypto for a long time want him to be gone and stay out of crypto, his influence is not good for bitcoin in the long run.

It is both for me. I accumulate bitcoin for the long term as a savings thinking that its value would be huge enough like a lottery ticket prize when I retire. Bitcoin's demand is continuously growing over the years but its supply is very limited and the amount mined every halving gets difficult so its value would definitely increase in the future. People like me think that by accumulating bitcoin even if it is just a hundred thousand satoshis, we can secure the future of our generation. If 1 bitcoin reaches a 6 digit price then they would live comfortably.

I've known freebitcoin since I learned about crypto and that is where I also found out about bitcoin faucets. Their game that time is "Bet Hi or Bet Low" only but some lucky players were able to win huge amount using only the faucet as bankroll. My friend has many referrals there that he managed to accumulate 0.008 btc from it. Way back then their faucet gives a generous amount of bitcoin because price at that time was very low. They also have a lottery where you can use the btc you get on faucet to buy tickets and have a chance to win prize.

It is really better to maintain our health in all aspects. I don't understand why some people are abusing their body like nothing will happen to them if they continue doing it in the long run. Life is really hard and stressful but we should not abuse ourselves even if our problem is money. It would just cost us more if we are hospitalized or diagnose with some problems. If we trade, we should not put all of our money into it as trading is more of a business for me. If your balance goes negative, you will really feel stressed thinking how or if you can still recover your loss.

Even if some people bought at that price they won't lose anything as long as they have strong hands to hodl. Just like the people who bought bitcoin at $20k way back 2017, after many years of bear market it already broke that price last year and already made a new high of $65k. During bitcoin's rally, it has really been unstoppable so we can't blame those people if they bought at that price. Buying bitcoin is not just a short term-goal, it has a limited amount of supply but its demand is continuously increasing so $60k per bitcoin could still be cheap few years from now.

Even if all of us wants to go to moon, bitcoin is struggling these past few weeks and keeps rejecting resistance. There is not enough volume to reach $50k at this point so I'm also at the bear side even if I don't like it. Fuds few weeks ago is also a factor why the market is undecided. Small investors are scared to buy now as the price can go low as $20k based on the rumors. Some even say we are already in a bear market and crypto will pump again in few years.

They really have some budgets to pay influencers to promote their platform even though I always see bad reviews about it. I just visited the website and saw that they've been operating since 2019, the interface of the website is done well and they offer many type of games even esports so they are definitely earning a lot of profit from it. I'm now curious why or how are they still operating despite of these bad reviews and scam accusations that are not been addressed properly by the pnxbet management.

Ethereum is a must-buy if you have money to invest in long term. It is really better to diversify rather than focusing only on one cryptocurrency, this way you can maximize your potential profit in the long run. Some of them will be x10 now in few years, others can give you x100 if you belong to those early adopters of that coin. Just look at the price of the top coins now like BNB, ADA, and ETH few years ago, they were really cheap so people who have bought them at that time must be rich now.

I think Covid really created a big impact on bitcoin. Since many people are just on their house and restricted to go out whenever they want, they have no choice but to just scroll on their social media on most of their time. Since bitcoin's price increased very fast these past months, many people got interested to it and thought of it as an opportunity to earn some money online. It became one of the top searched words online. Now that bitcoin's price dumped these past few weeks, I don't know if this is because of the pandemic. Some people already sold their holdings to make some cash.

It depends because airdrops and bounties are like free lotteries you can join. If you're lucky it can give you huge amounts, here in my country some lucky people became a millionaire of it but that only happened after 1yr from the date he participated on that airdrop. No one knew that particular airdrop will give a huge amount, some received but only a small amount if converted to cash. If you have nothing to do, participating in these airdrop or bounties won't hurt but your effort will slowly decrease because you are not certain if you will really get something from it in the long run.

I bet this is Philippines because that is where I also live and axie really gives a lot here in terms of fiat since binance listed SLP[Smooth Love Potion], the amount we can earn from the game is almost equal or even more than the minimum monthly wage here that a regular employee can earn. What I'm scared about is it suddenly feels like it is a bubble that can pop anytime. Way back last year it is not that popular yet because slp is very cheap. Now that it is mainstream, many are looking for scholarships and people that can afford to buy axie even if they don't know anything about crypto is jumping in. Some of them starts to breed, what will happen if the majority here have their own axies and can breed their own. Will this cause a drop for axie's price as well as slp because there won't be demand for breeding.