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4661  Economy / Gambling discussion / Re: Do you keep a spreadsheet for you wins and losses for tax purposes? on: June 05, 2020, 05:48:03 AM
Some states made games like lotteries as illegal but other than that online betting platforms are still legal there and even many sports events in India is sponsored by those service providers.
See there are loopholes in every system and they exploit those to cover up their business. If you have the urge to gamble then dont worry, you will also find a place to gamble. Take for example the Delta group who runs a monopoly business there with their offshore casino ship in Goa. The rules say "no land-based casino" - so they used it as a loophole and built a casino on water. Search for it and you will find to too.

tax is indeed an obligation but not in all countries have strict rules, maybe in your country, you must record your wins and losses in the spreadsheet for tax purposes, you are very tax-obedient
One of the reason why bitcoin is used is for them to evade the taxes, like it or not. But governments earn from taxation so you have to comply or face consequences in many countries. Bitcoin is still a grey area and so they are likely not getting enforced. But best to keep a track so that in case it becomes taxable you can back up yourself.
4662  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Coinbase? Someone made a profit? on: June 05, 2020, 05:43:13 AM
Have you used coinbase?
Coinbase is a wallet. They also provide exchange service.

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Is the site secure?
I cant vouch for that because there is not end to taking precautions when it comes to money but if you want to keep full control of your coins you should use your desktop wallets where you are in charge of your private keys and not a third party.

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Can you make money here or is it a waste of time?
Who said you can make money there? The wallet is for storing coins and exchange is for trading the coins. Now if you are asking about making money from trading that is another topic. Also I have seen coinbase giving out some airdrops previously but dont go for those in long term, because they are shitcoin, dont hold them. Sell them as soon as you get any. But it has reduced now.

Just a word of caution: if you have been told by someone that they will make money for you and asking you to send money for any reason, its a scam.
4663  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Bounty- Waste of resources? on: June 05, 2020, 05:36:55 AM
what makes it more complicated is the team, we can never understand what plan they actually have for a particular project,
Team has to develop the project and bring it out to be used. Of course these projects have failed successively because never had any proper project to go after in the first place. But people did not understand that. More so the developers of the teams have often been forced to work, not sure if they have revolted any time too but I have seen many projects fire their devs and hire new devs.

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but really some bounty project came out and do something interesting, proving many wrong, this is why I don't underestimate any new project
That hope you have is going to be bad. If you want to make profit from this market you have to be emotionless. You have to stop investing in shitcoin projects because they are not legal securities and focus on bitcoin only. Bounties are a way of taking part in the project but 100% of them are failures so whats the point on waiting on it that one fine day you will find a huge value bounty?
4664  Local / India / Re: Are Crypto traders willing to trade for others ? on: June 04, 2020, 10:33:06 AM
If you have a trusted friend in a country where bitcoin has been used very commonly as a mode of transaction you will find such deals going on.

That trusted person would use a different payment system to send back the currency after the trade. It is all a big system of trust because of the problem that bitcoin faces.

But yes it can be a good system of earning money but you need to careful of few things here:

1. Trust building which is the basis of the system.
2. Managing your finances and accounting, basically how much is coming in and how much is going out.
3. Always pay your taxes and its better if you talk to a laywer first on whether you need to register yourself as a business, I am not very knowledgeable about this though, but it seems the safer way.
4. Fraudstars who will send tainted funds and asking you to exchange. As soon as that money becomes fiat currency, you are in trouble from authorities. This is a big problem that can happen and have severe consequences.

Besides if you doing a small cap brokerage for friends and family you should not face much problems.

Not sure how much job opportunities it will open, first thing we need is more users of crypto in the first place then comes the brokers not the other way round.
4665  Economy / Trading Discussion / Re: trade & investment is getting harder and harder. on: June 04, 2020, 05:24:53 AM
If you don't feel confident enough now, use small capital to test your thoughts. We need to be more patient about learning.
Practice makes perfect in most places of skilled work but not always in trading; it can increase your chances of making profits but there is nothing called perfect in risk vs reward schemes.

that's what makes investing so difficult, friend. however, many projects do the same pattern, after success, and list to several markets, they leave their project, and the worst is, because of its success, many try to follow the path they take, so many successful but disappointing projects. even for those who do research, sometimes they also get caught up in such investments.
Well those projects are always doomed from the beginning. Those who are taking part in their offering are taking a huge risk in the first place and they often dont know the risks properly and only came in due to FOMO from another user. Thats who Coin offerings became so hyped and people lost money in them.

In reality we only need to trade on bitcoin, any altcoin becomes a liability of loss in the long term as we have seen from the charts and general development on any so called project.
4666  Bitcoin / Bitcoin Discussion / Re: How to improve the usability of bitcoin? on: June 04, 2020, 05:20:16 AM
This is what will expose it to customers and clients who know nothing about Bitcoin.
Its not that easy as it sounds. We have so many mainstream competitions like Apple, Gpay and others who are willing to take part in high speed secure transactions system development and have working products for such transactions.

Try comparing those with bitcoin and you will see a big difference. I am hopeful that with time bitcoin usage will increase too but that will not happen overnight but rather slowly and gradually.

Still you cant force people to use something. You need to show them what they are missing out and why it can be helpful. Only them bitcoin adoption will rise apart from the fact that governments may crack down on its usage then it becomes a no-go.
4667  Economy / Lending / Re: REQUESTING A LOAN( WITHOUT COLLATERAL ) on: June 03, 2020, 11:40:00 AM
If there was such an unfailing method, that person would have rekt the entire market and become a millionaire - is it not? Use your common sense, OP if you have any left. If someone told you what you have said then they lied and are trying to scam you and on top of that you are trying to scam others by taking their money.

Going through your post history you are shady as anything. Promoting telegram groups that you have no idea about and telling people to go for binary options. Just say the truth, that person whom you talk about it none but your imaginary friend. Cheesy

One word of advice, if you want to get paid creating content you need to work hard on that. Stop trying to join every bounty and learn how this forum works first.
4668  Economy / Gambling discussion / Re: Do you keep track of your gambling? how? on: June 03, 2020, 04:58:50 AM
Gambling does not assured us of any returns and chance of losing money is very high .
It varies with the game but yes generally speaking it is loss for the player and thats why the casino is standing tall.

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On other side if invested rightly in crypto or in other asset would yield you returns in coming time . Gambling is a quick way to lose money or make it and this shortcut does not work for all . On other side investment is generally for long term which will give you returns in a systematic manner .
Not all investments are good for continuous flow of money. In fact those which have a steady income are generally the low risk ones and thus a low reward one too. The fact that penny stocks can go very high is why they are day traded like anything.

Gambling is a method to entertain yourself by "paying" in with the wagered amount. It should be thought as that and not a mode of making money because then one becomes hell bent on thinking that they can win big and this leads to losses. You can keep track of losses or wins with a spreadsheet here but even then the value of losses will be bigger than wins in the long run of any EV- game.

Some players are going for the EV+ games and those who are doing sports betting or poker professionally may end up having a better outcome. Again these games are not for everyone.
4669  Economy / Trading Discussion / Re: Looking for good traders on: June 03, 2020, 04:52:53 AM
I thought that maybe I can find people to invest into and they could trade with my funds for a share.
Could anyone tell me if this even legal and where I could find this solution?
You mean like a capital fund? Those are prevalent and more safer in real life and not online using a currency that is not even legal in many countries. Invest your money in the popular capital funds in your country and you should be happy that you did what you wanted.

But trusting someone with your bitcoin in the internet is the next worst thing to do. If you know them in real life and can legally approach them then I guess its fine, though the lawyers need to knowledgeable about it.

But blindly giving out money to someone hoping it to come back to you doubled is a scam. Dont be that noob.
4670  Bitcoin / Bitcoin Discussion / Re: This is why I believe bitcoin will crush in the distant future on: June 03, 2020, 04:49:07 AM
Meh, when someone is holding crypto as an investment they are not doing it without knowing it. Most of them will have a method to tell their next generation about what to do with those assets in case of their demise which is obviously going to happen one day. Not doing so or not taking such precautions means that user is being careless with their money.

Also lost coins only make the value of the circulating coins more because those coins are never going to be recovered and thus are equivalent to have been lost from the 21mil total.

Again the OP seems to be stuck on to the "future apocalypse" things, but point is that precautions should be taken to pass on the coins. There are loads of problems everywhere, being nihilistic about them is not the solution but by working out the solution and keeping the delusional thoughts out.
4671  Economy / Economics / Re: Why can't I buy stocks with Bitcoin anywhere?! on: June 02, 2020, 05:52:41 AM
Why isn't that possible?! At least I haven't seen the possibility anywhere. It's a huge gap in the market! I'd even buy stocks with 5% or more fees and pay with Bitcoin.
Because no such project has been done yet. Moreover since crypto are not completely legalized we might not see something like that soon. However if @o_e_l_e_o is correct then you should check those sites out and see if they suit you. May vary depending on which country you are in and depending on what stock you actually want to buy since it will be listed on separate exchanges.

Point is that you are not the first person to think of this, I am sure someone has thought the same and hit a wall trying to develop a project in similar objectives. Quite possibly the failed in my assumption.

But you can sell your bitcoins for fiat and use that to pay your broker. But it is thus the long route and not the streamlined one.
4672  Economy / Gambling discussion / Re: Best time to begin your gambling affiliate journey. on: June 02, 2020, 05:47:29 AM
We can really start our gambling affiliate anytime we want because it doesn't affect other people and all you need to do is to choose a site where you want to start you online gambling and play.
Affiliate marketing has nothing to do with gambling at the same time.

Someone who is doing both is playing it the wrong way.

Being an affiliate marketer means being like an influencer and the wise influencer never puts in buying the thing that they are promoting. Of course what you are talking about is the gambler who is trying to get referral commission as a side earning - these people never make anything good because they lack the predatory marketing psychology of the influencers.

Being the affiliate marketer you are a part of the house and its earnings. Why would you gamble that when you are trying to actually make real profit?

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I recommend you to use stake.com since it is the one that I use and it is easy to use.
Please use the proper site link. You dont want to send people to phishing sites do you?
4673  Economy / Service Discussion / Re: Merchant accounts, credit cards, bitcoin on: June 02, 2020, 05:38:17 AM
I think HODL strategy has always been best when trading bitcoin but I know nothing about trading anything.
Dont make up an opinion when you dont know about it buddy.

Good luck in running that business and while you are at it I guess you are looking to hold off some profit in bitcoin. Well the thing here is that you should use whatever exchange you feel comfortable with but directly buying bitcoin with credit card is an issue. Like Le suggested, Changelly allows that but they are again having some accusations in this forum for forced KYC, but you might them useful.

If you live near a bitcoin ATM then you are very lucky, specially if you are in North America, they are abundant there as far as I know.
4674  Economy / Service Discussion / Re: Cloud mining - why? on: June 01, 2020, 05:05:00 AM
or is that the point, like some sort of gamble?
Cloud mining is a pyramid scheme/MLM scheme. So yes it becomes a sort of a gamble and a hype led koolaid crew.

This is enhanced by the fact that these schemes spread on social media and previous faucet sites and google ads (not anymore now) for giving high referral commission and thus more and more people signed up.

The real winners here were the people running the scheme who are the scammers and the social media promoters who promoted them, specially youtubers. They got paid for it and they didnt care about how people lost, they just wanted their money - you see how money can manipulate people to forget their morals?

And the losers were those who got on the hype train, those investing last were the least probable of breaking even because on fine day the site will have shut down and all the money gone into thin air with no legal authority to contact and nobody to run after.

If you talk about accusing the youtubers then they will either claim their disclaimer or say they were also scammed/pull the victim card. Roll Eyes
4675  Bitcoin / Bitcoin Discussion / Re: Taxes on Bitcoins: Unreasonable or essential? on: June 01, 2020, 04:52:18 AM
Any hot girls from the countries you posted want to marry me so I can get citizenship? Wink
Slow down cowboy Cheesy

You have to see two sides of this system. One where tax evaders are trying to use bitcoin as a safe haven to save themselves from getting taxed due to their big income figures and another where normal law abiding citizens are using crypto for daily purposes.

Problem arises because taxation is the income for the state. Every government has this treasury system to fund government sectors. So taxation is a necessary evil. Now if people who are using bitcoin try to evade it too much then the government having a problem. It does not mean that bitcoin users are getting rich, but it is the opposite because essential services are going to go down for them.

So I think a taxation system should be there and a balance needs to be present, but I have no idea as to how it will be regulated.

The answer to any such problem is a compromise and not a simple yes or no. People know this but they fail to accept it because of their ego.
4676  Economy / Gambling discussion / Re: Did Covid-19 affect crypto gambling? on: June 01, 2020, 04:46:05 AM
It is the start of the month June and still people are gambling like nothing happened on online casinos. New casinos are coming up everyday and new games which are mostly PvC type.

The difference is only that EV+ games have reduced but with soccer games coming soon we might see reopening on sports betting as well. For now it is just eSports and if you are not a fan of those or have prior experience in them, dont go for them. Of course a wise gambler would know that already.

Also people have less money in their pockets now. So it would wiser to save up for essential costs. Many people have lost their jobs too. Sad
4677  Economy / Trading Discussion / Re: Don't trade what you can't risk loosing on: June 01, 2020, 04:42:30 AM
This is a valuable lesson, 10BTC too expensive, many people will be stressed. You are right, we need to determine exactly how much we can lose, it is very important to help us not lose confidence in our investment plans.
Ten is just a number is it not? For some people 10BTC is nothing but for some other people a double digit bitcoin figure is a big deal.

Of course I dont believe that the person lost 10BTC completely without having bought something because it is a trading and if Spot trading they definitely bought some altcoin with it. If they went for margin trading on the futures market like bitmex then it is a type of gambling but possible to lose the complete capital.

Now it is stupid to trust a "influencer" on social media. People who trust them are fools in the first place and thus I would question how they acquired 10BTC in the first place? Still it does not make it any good and people should do their own research for trading.
4678  Economy / Gambling discussion / Re: My record of information about gambling investments. on: May 31, 2020, 06:16:22 AM
The sad thing is, I hate to see a negative ROI in my investment that is why I decided to withdrew it immediately when the ROI turns into positive. I think I should try this another time.
One thing I would like to know here is how long was the investment before you decided to withdraw it?

In my experience for the first 3-4 weeks you might see a negative ROI. But this picks gradually in the upcoming months. My investment was 0.1BTC for a period of one year and I used to login and check on it once every month. In one year the amount was approximately close to 0.15BTC.

There are divesting fees/penalty as well for early withdrawals in cryptogames. I cant say about yolodice because I have not tried them. Maybe similar thing happened with you and you backed off early. So you should try it again with a positive outlook.
4679  Economy / Trading Discussion / Re: One of the Best Weapons in Trading on: May 31, 2020, 06:12:39 AM
Trading isn't gambling alone
This is correct.

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and gambling isn't a synonym of making risks.
This is wrong. Gambling is same as taking a risk whether it be for the aim of a reward or not.

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Without risk, there is no reward.
Correct. Which is why people are attracted to it.

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Gambling is pure luck except for some games.
We can say that any type of gambling has a luck factor in it. Thats why it is same as taking a risk. A government job is not gambling because it will pay you a fixed amount of money every month whether you slack it or work your ass off.

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Everything has risks but not all of them are connected with gambling. Don't use these sentences wrongly.
If you read it again, I was referring to F&O market. That is essentially a type of gambling while Spot trading is not a complete gamble. Maybe you are interpreting it wrongly and I am sure that we are both on the same page.
4680  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Sometimes hunters are to be blame on: May 31, 2020, 06:04:41 AM
I think new hunters do that thing but old hunters that are experienced in hunting bounty they always look for the bounty pool and the bounty campaign allocation (percentage) if they see its too small they won't even bother to join it, in the case of choosing a bounty My advice just follow Bounty Managers that have a good history of choosing bounties to promote
Managers are good no doubt about it but that is not an indicator of a bounty being legit. No ICO is a legal security and thus it is a risk to gather their tokens hoping it will go up in future, same with being a bounty hunter for these shitcoins. You can pump and dump them, then you would be lucky but hoping for the long term rise in price is a wrong thing to speculate on.

Instead we have bitcoin paying campaigns coming up every few weeks so join them instead. But first you should build your account and rank by posting quality posts in different sections of the forum.
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