Bitcoin Forum
June 24, 2024, 06:19:20 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 [28] 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 ... 268 »
541  Economy / Gambling / Re: Guide for newcomers Start a fun and profitable gambling entertainment journey o on: May 02, 2024, 08:43:57 AM
Newbies in gambling should learn first about what it entails to gamble, this will help them towards having a desiring focus towards how they can be able to enjoy gambling without having other kind of experience beyond what they have expected to see, gamblers should know that gambling is for fun, understanding that alone is a profit on them,  because they won't have a lost priority on it right from the approach given when they newly started.
The newbie who is lucky enough not to rush into gambling but learn to know the rudiments and the dos and don'ts of it is indeed lucky. But such must be willing and able to actualise what he learned so that he knows the go area and no-go area in gambling to avoid issues that are commonly associated with it. This can also help the gambler to know the difference between gambling for fun and gambling for the money, and also know the issues attached to the two of them.

Gambling is such that is also risky, for this, the gambler will know the importance of plans and management in it, even as such a gambler knows how to control himself. What I am trying to say is actually about the entire preparedness of the gambler and I do not think this can be shortchanged for anything when it comes to the success and preservation attached to it.

Finally, unless the new gambler has as been well thought about the risks and the success possibilities attached to gambling, and is also fully aware of the ways to go about it, to make his account and self well-managed is now misbehaving to the point that he is addicted or got aggressive, desperate and frustrated due to it, then such is a big fool. Because "Before warn is before armed." So why the lapses?
542  Economy / Gambling / Re: BC.Game asking for KYC before letting me Withdraw on: May 02, 2024, 08:23:32 AM
Been playing at BC.Game for over 5 years. Lost THOUSANDS. Have been a VIP, I go on a little run and try to withdraw some money, and they ask for KYC verification. Their website doesnt even let me do it. Wondering if I just got scammed for 10k?? Anyone have any experience with this. Help is appreciated!
5 years is enough years to build trust but when the gambler is not making a reasonable amount of money but losing with them, he may never know the sincerity and the integrity of the casino. Well, this is not the first time that BC.Game has been called out on this forum, but recently, they seem to be more serious about attending to issues like this and I believe yours will be resolved as well. The $10,000 is not a small amount of money and asking you for their KYC is not the issue, it is their right, but your not being able to submit your documents is the issue.

However, I've witnessed such issues before which is not even to the awareness of the company, and it might also be a general issue on their website/platform at that time. For this, you can't conclude that you've been scammed yet, you need to contact their support for help. And if the casino is a good company, they will always have alternative channels where you can send the documents if direct sending becomes an issue. This is certainly not a big issue unless they are hiding something.
543  Economy / Gambling / Re: What do you want to see in casino reviews? on: May 02, 2024, 08:07:58 AM
I hope that many will see this needs for casino bonus as something gamblers will always like to have, now when they perform a task as required for participation in any bonus, they will like the system that regulate such, and also to  perform up to their expectations concerning the most rewarding platform, their user experience is what matters in other for them to be able to make the best use of the offers given when the security and the rewarding bonus offers are into place for them to enjoy.
This is hilarious and should I say I did not expect it because anyone who thinks he or she can base their casino's preference on bonuses and perks will certainly find him or herself in a hot soup in most cases. If that is the basis, then most of the new and worse casinos will win the gambler easily, and to what end? To the end that you deposit your money, and dedicate your time, energy and money to wager, but in the end, they refuse to honour your withdrawal request. So what is the gain of such a gambler? What the casino is offering me as extras like bonuses and their promotions are the least of my concerns, I do not even go for any bonus in my sports betting account, and I make sure that I segregate the account used for betting on sports from that of casino for proper management and accountability.

This is because of the ugly experiences I've had regarding the bonuses, it is just a means to tie your hand in most cases, the terms and conditions are overbearing and too demanding to me. Since I mean real business in my sports betting unlike my casino betting, I better ignore it so that I have a full say on my money. Also, the best things to look for in casinos, in my opinion, are the UI & UX, which could entail all the services of the casino, including their support and security. Other things are secondary, which could even be to lure the customers into their company.
544  Bitcoin / Bitcoin Discussion / Re: Don't invest in Bitcoin because others are investing in Bitcoin on: May 01, 2024, 03:51:00 PM
When you want to invest in Bitcoin don't because people is investing in Bitcoin and you invest, I prefer taking my time to make a research before I invest on Bitcoin, Bitcoin invest is good but when you don't take your time to invest in Bitcoin then you will invest wrongly, the first time I invested I did not follow anyone step rather I do follow the research I made before I invest, some persons does not control emotions before they invest they follow a side news to invest on Bitcoin and that is why some of them do experience hard luck for their invest, in summary invest when you want to invest, don't follow the crowd but follow your instinct
Well, people are the reason why others are investing in Bitcoin because if they never tried it to tell the good news about it, others may never know the opportunities in it not to mention of spreading it on social media and other outlets for others to know. This means that it should come first from people regardless of what we believe and there is nothing we can do about it. But the good advice is that we should not be a blind follower of anything, which includes Bitcoin, we should investigate them, learn them and find the means to manage our risks regarding them. This is why we always advise that everyone should do their own reached and never be too trusting. A lot of people who knew nothing about Bitcoin introduced their friends and families to it, but to what end? Loss and mismanagement!

They will definitely mismanage their way into it and lose since they never prepared for it but will only start complaining later. But the instinct, I do not agree with you, do not gamble your investments with instincts, you should know it, be a good speculator and manager, and most importantly, every investor needs to be the friend of their trading chart.
545  Other / Meta / Re: Post per day/ per month falling. on: May 01, 2024, 03:21:35 PM
Members not partaking is as a result of less topic post made and also no interesting and debating discussion thread been brought up. If this board can bring up more interesting discussion thread, more members will participate. They see it as a thread about the Forum only and some selected high rank members left to discuss about it. Even the active members here don't engage post at times, this leads to intending partakers to be unmotivated.
This is not true and it seems you even wrote the opposite of what is happening on the forum. First, we should know that the traffic of the forum can't be static or the same at all times, it has to be dynamic, and just like the market charts are displaying, so is the trend of the forum activities. It is normal that there will be times of increasing traffic and there will be times of decreasing traffic, but on average, the forum still maintains a very good reputation traffic-wise. As for the factor, fewer topics are not being posted as you alleged, and as a matter of fact, there are more topics, and they are interesting ones which I often see daily. There are also low, medium and high-ranking members who are active, so I do not know where you are getting your metrics on this matter.

However, for me, the two most important reasons are the inability of some users to join a campaign. They might reduce their gambling activities due to that until they are again fixed somewhere. And the lack of will is the second. The second part might sound funny, but when the average of those who lack the will to post is high, it becomes obvious, especially if the happenings on the forum bore them at a point. This is not coordinated but could be coincidental to have such an effect.
546  Economy / Speculation / Re: Inflation and Bitcoin's Potential Impact on: May 01, 2024, 03:06:48 PM
In this era of inflation when the price of every commodity is skyrocketing and the value of our domestic currency investments is decreasing. Desperation covers us as the damage continues to mount. In this case Bitcoin is the only hope for small investors like us. DCAing allows small investors to accumulate bitcoins at weekly or monthly basis which is a very simple process. Although I am a newbie investor here, the bitcoin price chart of the past years excites me. I'm more optimistic when I see that the impact of inflation does not affect the Bitcoin price as much.

What is your assessment and openion? How much of an impact does inflation have on Bitcoin?
No doubt, like any other asset, Bitcoin has helped to hedge against inflation in the past, but with the current status of the coin, I do not think it would be easy anymore. Take for instance, if you buy Bitcoin at $65,000 and the inflation in your country bites to the point that the goods you want to buy or the service you want to purchase has truly skyrocketed to at least 4 times as it is currently happening in my country, whereas Bitcoin could only move to $125,000. What do you do? This obviously cannot hedge the inflation, but as an investment, if it moves higher for at least a reasonable degree, it will still help the person to limit the effect of the inflation and it depends on the performance of Bitcoin at the time.

And I must advise you, do not invest in Bitcoin simply because of its past history, it may fail you and a good investment warning forbids that. You should invest in it because you believe in it, that's better in case anything bad happens. Bitcoin enjoyed its low price then and the early investors were so lucky, but at this time when the price is somewhat high, extreme care is needed to avoid issues.
547  Economy / Trading Discussion / Re: Should trades be closed only when the market is bullish? on: May 01, 2024, 09:44:47 AM
A tendency arises among us. When the value of Bitcoin increases a lot, we start trading more. Which puts our trade management in jeopardy, during which most of the time people face loss.
What is your experience in this field?
I think you are mixing things up here, trading more doesn't put our trading account in jeopardy unless we are mismanaging our trading account. The plan could be faulty, if not, one can do whatever they like when the market is strongly trending up or down. What matters is for the trader to know the right striking level and time and the exiting level at the same time, and also know the right money and risk management to use at that point in time so that the view that the market is bullish and smoothly trending will not cloud our judgement. The market is funny and the one you see seriously trending up for hours and that has moved 250 pips steadily could suddenly reverse sharply downwards with more than 350 pips depending on the factor that caused it. For this, serious traders will always be ever ready even as the safety of our trading accounts should be the top priority and not the expected earning itself.
548  Bitcoin / Bitcoin Discussion / Re: CZ Sentenced, Your Bitcoin in their Custody on: May 01, 2024, 07:56:30 AM
That's a nice reminder and I do not know anyone conversant with Bitcointalk who will still slack in that regard, or else, such a person will regret it. The fact that Binance even has issues with my country has made me almost completely stop working with it, but for other exchanges and centralised systems, my cautious approach with them since they merely "owe" me the amount with them and not a guaranteed arrangement has ever made me careful in dealing with them.

However, there is no way this sentencing will ever affect Binance in any way, it is now under new management and the operation of the exchange continues to run smoothly after CZ excused himself as the CEO months back, which will not be different now. But what pains me is that the sentence is too little regardless of whether he pleads guilty or not, the 4 months will soon pass.

This will continue to embolden these rich guys to launder money, so what's the point?
549  Bitcoin / Bitcoin Discussion / Re: Please, I urge you to buy bitcoin! on: May 01, 2024, 06:57:16 AM
^^^ With 8 billion people on Earth, that's (on average) 262500 satoshi's per person. Plenty enough to do business with.
Cool
Perfect answer.

However, Bitcoin is still accessible to everyone, and anyone can accumulate it. Likely, you bought Bitcoin and want a quick pump. A lot of people in the world still don't know what Bitcoin is. Only a few people are aware and are accumulating as well. More people coming to Bitcoin means more value. 
And the majority of the few who knows about bitcoin just know it to be able to rise and give profits in fiat. Apart from the volatility of bitcoin, they are not interested to know any other things about bitcoin such as pseudonymity and decentralization . That's why majority will always sell when there's a rise in price.
Making a profit is what these people are looking for. They are interested in buying Bitcoin because of the profit factor and we cannot deny it. So it is normal that people will sell their Bitcoin when the price goes up. I was like that too but I didn't sell all the Bitcoins I collected. In the future, it will not be easy to collect 262,500 satoshis because there is a possibility that the price of Bitcoin will rise very high. So we are still lucky to be able to buy 262,500 satoshis today with not that much money.
Obviously you are correct, but then, before that time will clock, many of us might have sold our bitcoin for frivolities. Do you know how it works;
I will just sell today and hoping that I have fiat to buy again tomorrow, but procrastination will play in, and I will forget about buying and eventually the price will abnormally rise and I will miss out the opportunity. If you look back the wallets you have used in the past, you will regret how you spent your BTC in the past.
Well, what I can understand from the guy is that the 262,500 Satoshis mentioned could be misleading as used in the context. This is why I think you misplaced it for $262,500 Bitcoin value judging by the inability of people to hold on till that level is reached, as indicated in your remarks. Correct me if I am wrong though.

The 262,500 Satoshis is a small amount, maybe he was trying to advise that people may at least be buying such in worse cases which I agree with as well. But it is good to know that good investors should know the right time to invest and divest, no one should be dumb investors just for the love of Bitcoin. Bitcoin investment is all about the making of the money therein, and the smart ones would make it better. Imagine those who bought Bitcoin at $5,500 for example and liquidated it at $65,000 to rebuy it again in 2022 at $20,000.

We do not need a soothsayer to tell us that such a fellow would have gained multiples more than the person who bought at the same price but never liquidated it to buy again in 2022. That is the smart part of an investment which many are not considering, but instead perceive those who practice it as a weak investor. Now tell me, who is weaker or smarter between the two?
550  Economy / Trading Discussion / Re: Trading Leverage on: May 01, 2024, 06:45:08 AM
I know you gave an example only but in this volatile market, stop loss with 1 - 2 % will be terrible. I know stop loss, stop limit orders are very helpful to minimize loss and avoid serious loss in a market crash but 1 - 2 % should not be used as a limit to exit the market with either Stop loss or Stop limit order.

Yes, indeed, I have given these figures as an example. Nevertheless, these figures are quite real if you open a long position from support and, accordingly, short from resistance. In this case, you will have a very small loss if the price moves in the opposite direction to your expectations.
I've always said that it is not about the leverage but the risk taken through it, and even if you are planning to trade with some risks, you should be planning to trade with some management that will be able to counter the excessive negative effect of the risks. This is why I appreciate what you wrote here. As an experienced trader myself, I know the value of minimizing our risks, and if someone can down it low to the level of 1-2% then it is a very good bargain that will most likely not affect the trader. Because such will not lose his money so easily, and when the trading strategy of the trader is good, it will be another opportunity to overpower the market squarely to the advantage of the trader.

Also, the use of support and resistance to place the trade is so important in minimising the risk exposure. You can't compare the person who bought an asset at about 100 pips above its support level with the person who bought it barely 5 pips above it, the latter is the better trader who is being cautious with the risk management and the account safety. Nonetheless, one should also ensure that the support and resistance strategies they use are strong enough for this task, this is where many traders miss it and not the managerial plan itself. I use trendline, price action and the peak and bottom of candlesticks to actualise it.
551  Economy / Speculation / Re: Australia will also launch a spot ETF for Bitcoin on: May 01, 2024, 05:54:02 AM
Thank you for sharing, but the market doesn't work that way and I must equally say that just as I expected this to unfold after the US SEC's ETF approval, many other people knew that many other countries would follow, so it's not a big deal for the market anymore. Even Ethereum's ETF approval in the US will no more impact the crypto market the way the Bitcoin ETF filling and the drama surrounding it made the market behave at that time. That's the market psychology, it has priced in the ETF effect in the crypto space regardless of the country or asset showing interest.

That aside, the US market is a world-renowned market that can't be taken lightly, but unfortunately, the Australian market is not, which is why the effect will be minimal. The USD is being paired with all the assets of the world which makes it so important in the financial market in relation to the country itself (the US) that is strong in everything. By virtue, anything related to the US and USD is often important to the market. But a faint of such is applicable to a few top-world countries like the UK and EU, they have a sizable impact on the market as well, but so little compared to that of the US. This is even as they are more impactful in the market than Australia's effect. Are you getting the point?

This is based on my experience with the financial market and I majorly drew this from the reaction of the US news in the financial market and how all assets react with it compared to the news of other countries. In summary, I expect little or no effect on the crypto market due to the Australian ETF news.
552  Bitcoin / Bitcoin Discussion / Re: No risk no gain on: May 01, 2024, 05:28:25 AM
I first heard about Bitcoin around 2016 but then I had no idea what Bitcoin was. Someone online was saying to work on it because I don't know anything about it. Then I heard about Bitcoin again in 2022 when the price of Bitcoin was 21000 dollars. I did a little research on Bitcoin and saw that it was good. From whom I heard, I said to a brother, brother, let's invest. Buy a bitcoin and keep it.Fifty percent and I invested fifty percent but that brother did not agree then. Day by day the price of Bitcoin was increasing and the price was going up and down around 25, 30, 31 thousand dollars. Still I told my brother to invest but he did not agree. That price eventually reached 74 thousand dollars. I regretted very much why I didn't take a risk. If you want to do something, you have to take a risk, nothing happens without a risk.
Are you telling me you did not invest at all because your narration is not clear in that regard compared to your conclusion? If so, then you must have followed the steps of another person wrongly, so you are at fault. As an adult, we need to be able to decide for ourselves, but the moment we are following the steps of other people, we could be negatively affected or miss opportunities just like you did now. Well, it is a lesson to you, nonetheless, if you are still not lacking investment/business, then you are still exonerated, since it doesn't matter the channel at which the money is entering your pocket.

By that, I mean whether you invested in Bitcoin or other things, it doesn't matter, so long as the money is being made and not allowing our spare money to be wasted in the bank, it's good. But if you miss entirely, then you are at fault. During my missed days which I still regret a bit till today, I was still engaging in other investment activities, so I never missed entirely as it is not a must it should be Bitcoin I should be dealing with. Except that if it were to be Bitcoin then, I would have made more money, that's just the difference in my case, so no serious hurt feelings.
553  Economy / Gambling / Re: How to self exclude from anonymous gambling sites on: May 01, 2024, 05:03:56 AM
However, I don't this is going to work because and addict who can't control himself will definitely find a way to get more money.
It doesn't work like that, self exclusion is when you contact the casino to make your account off from gambling. It's not about when you lose money and you find a way to make money again to gamble, but when you get yourself self excluded in a casino, you can easily betray yourself because you'll just have to find a new gambling site that will cater you.

Money is not a problem for gamblers, unless broke. This self-exclusion actually is just like fooling ourselves because its real purpose is not realized, that's from my personal point of view.
You seem to be mixing things up here, and if a gambler is not addicted because of the fun, then it must be for the money, so the money is still the problem of the gamblers. Also, you might have misinterpreted what @khaled0111 said there and I think you guys are still saying the same thing after all in the rest. Self-exclusion is just a way to restrict oneself, but not a way to cure gambling addiction. Just like you said, if he self-excluded himself but moved to another casino platform to play, is the issue still not persisting? That is why he said he doesn't think it can work just like you as the gambler may still find more money (even if he followed the style of the main OP) to still continue to gamble.

These are good points and I am certain that since gambling-related issues are psychological, psychological approaches should be used to tackle them as well. Self-deprivation like exclusion and locking out funds may only limit but will never cure the issue.

The main point of my statement is that self-exclusion that is a feature of few casinos out there seemed to be like a negative feature as a gambler could just easily choose to gamble to other casinos once he lock his account and realized the urge is still there. Casinos should only offers more games, and more bonuses that will attract more gamblers and satisfy them, they should not think of any feature that is related or could prevent gambling addiction as their main business is to serve people hence it's already expected that once a gambler opted in, they already understand what responsible gambling is.

If a gambler gets addicted, it's not anymore the business of a casino since it should be taken cared of outside casinos. Remember that casino is a business, their main goal is to generate revenue and will only happen if they could retain loyal gamblers and attract new. Self exclusion is discouraging gamblers to gambler, that will hurt the casino's revenue.
You still repeated the same statement, and at this point, I do not know whose side you are. Is it the casino/business side or the humanitarian side? If you are a concerned person, you will always choose the healed world/humanitarian first over anything else including the business. You are looking at the core goal of casinos and the relationship with the customers, but overlooking the damage it can cause to some people who could be a victim of it. Fine, gambling is an adult activity and people, including the government and casinos expect it to be played by mature and well-prepared people. I have also preached that many times. But at the same time, we are all humans, we can't be wise/smart or think the same way and even some younger people may be more mature in handling themselves and things of life better than some older ones.

Look around you, are people the same? It is not everybody that is smart or can think for themselves or control/restrain themselves in some situations. This is why some external restrictive features like self-exclusion were put in place instead for some gamblers to be wasting their lives and fortunes away due to addiction which they can't control. Do you think that these addicted gamblers would want it for themselves if they were with their senses or able to correct the issue? This is why that feature is important, but the only issue is that it is not so effective, nevertheless, it has helped some people for real.

Now, effective or not, advocating its abolishment is not humane, it shows you do not care about anybody, that's what I was telling you, it's wrong. Who cares about more bonuses and offerings when a life is wasting off due to addiction? The self-exclusion feature is still an effort to help even as the addicts continue to find other lasting solutions to their problems.
554  Alternate cryptocurrencies / Altcoin Discussion / Re: Binance REZ Coin? Pump or Dump? on: May 01, 2024, 04:35:46 AM
Recently we have seen, Binance are listing a lot of coins with good usecase but few of them were rejected by the crypto users and got a lot of hate because they considered them as TRAP. Like TNSR, OMNI, TAO falls very badly and investors are either stuck or lost their investment.
What are your thoughts on REZ? like it will also be considered as a trap or investors will gain some profit?
Actually, the "Binance" you linked with the REZ was the reason I opened your post via the email link and I was disappointed that it is not a Binance coin but just a normal coin listed by the exchange. Well, I did my research and I do not think it is better in this project than most of the other coins and tokens that have been listed in the past. This is a Defi project, though it has a very promising future, but for now, I advise extreme caution in buying it. This is most importantly due to the way and manner the newly listed coins and tokens on Binance performed of late and this is for obvious reasons in case you do not know.

Even OMNI, if listed at the right time may not have performed woefully as it's doing now. At the moment, the overall crypto market is bearish and so will be almost all newly listed coins regardless of the importance of the project, the exchange that listed it and how it may later perform in the future.
555  Economy / Gambling / Re: Why they need a license if bitcon is not money? on: May 01, 2024, 04:15:19 AM
If you can print money, would you give someone a piece of this cake? Cryptocurrencies help to avoid sanctions and avoid taxes. We can use it in different ways, but in any large country that has its own serious currency, we officially cannot buy anything with BTC. Nobody wants a competitor if they can be eliminated.
Let me start by saying it is a misconception that we can't buy anything with Bitcoin, as a matter of fact, we can buy anything with it, it only depends on the buyers and the sellers. In the worst-case scenario, the seller could be in a country where Bitcoin is mostly restricted in parts of the world and the seller still agrees to offer the product/service in exchange for Bitcoin. This is because Bitcoin has a whole lot of arrangements and when the person leaves his country, he can convert it to whatever he wants. This is technically a P2P approach in a private way that no one will even know what you guys ever transacted if that is the purpose and it is rampantly happening these days.

But let me condemn this, it is not a good and wise decision to evade tax, though cryptocurrency allowed that, but do you think it's right? This is one of the evils that the government is trying to prevent and no one can blame them for doing so because people's mind is so selfish. This is also one of the reasons why the government is trying as much as possible for all the companies dealing with cryptocurrencies in their jurisdiction to be made accountable. If they can make them register and regulate them, they will have a say over them, and whether Bitcoin is private and decentralised or not, they will still know how monies are flowing in and out between the parties involved. And this is cool to me.
I understand that we can buy everything with BTC, if we ready to change country, or wait a lot. But i mean that we can`t but anything(ok, the main part of everyday things) right now. I can`t buy bread or meat using BTC or some other cryptocurrency.
About regulation i have to match that regulated cryptocurrencies becomes fiat money. Someone allow you to print money and control the process. Not printing but every transaction will be under control. It is the last thing we want to cryptocurrencies.
I understand you better now, and truly, there are limitations to what we can buy with Bitcoin, especially in impromptu scope. Even in countries where Bitcoin is a legal tender, there will be many that are unwilling to accept Bitcoin as the mode of payment for obvious reasons. You can imagine the merchant who knows how to speculate the Bitcoin price very well, no one should force such a merchant to accept Bitcoin as a mode of payment when he is very sure that the price would drop in a matter of minutes and extend to days or weeks. This is the risk of Bitcoin aside from the security concerns. That's by the way, many countries are still not accepting Bitcoin even if some merchants in the country can still risk it which makes it minimal. If the overall acceptance of the coin is to be roughly viewed in terms of buying and selling of the daily needs (good and services), I do not think it's still up to 0.001% fr the enter world. This is not about the business transaction but the real use of it like fiat currencies.
556  Economy / Scam Accusations / Re: joya.casino biggest scam they scam me with 1145$ on: April 30, 2024, 12:27:40 PM
This is a sad story but I wonder why you guys will not learn. You left good casinos that are big and reputable with years of track records and minimal complaints and went for Joya.Casino, you guys cannot learn or be smart in thinking. If a well-established casino cheats me, I will accept my fate if my money can't be retrieved back having fully known that I was not gullible in my choice after all. I will only take it as part of life, but this is unlike the casinos which do not have that big name or track record, the risk of dealing with them is too high. Working with good names in many fields has helped me till today and despite investing online since 20 years ago, I am yet to be scammed by any. This is because I think well before commenting my money anywhere and I do my research thoroughly to minimize the cheating potential.

The way the casino acted is so unprofessional as well, and it truly proves that your money was never safe in the first place. Such a casino may only honour a small withdrawal but could give excuses not to pay a sizable amount. Everyone wants to open a casino business, that's the problem.

Hello dear members,

[...]

Thank you for your understanding.

Joya Casino Representative

You are lying iam swear of my kids that iam not refund or get any email of refund from that provider (Coinspaid) go and check with them good if iam received from them any refund i will apologize and delete everything..

Any of you two --or better yet, both of you, as it's always nice to hear the whole story from both sides-- can you please tell us what transpires, preferably ELI5 mode, if it can't be in a good English? I am sorry, I am not trying to be condescending and insulting your English, but I really really don't understand what happens.

What is it with putting an x amount on deposit and put another amount [y] on wallet, and yet another amount being returned. Without these, I can't get a better understanding of what happens.

If anyone else understand what transpires, I will really appreciate if you would step in and explains to me.
Thank you for trying to help this guy so far and I feel for you to have been reading his English from the beginning till now. I can only suggest to the guy to find someone who would write the situation better for proper comprehension as his English is obviously bad and not helping the matter.

Notwithstanding, despite his English, I believe he was trying to say that he has already satisfied the condition needed for the withdrawal, so I think that shouldn't take us backwards anymore, even as Joya.Casino did not disagree with that. Nevertheless, what Joya.Casino alleged is not uncommon in a dispute like this, and as usual, no evidence is provided in that regard to truly show that the guy was guilty. Anyone can say anything to cover up something, talk is cheap, it's evidence that proves a fact.

As it is now, I think the OP should post all the initial support responses to be sure whether or not they tally with the claims of Joya.Casino or their claims are mere afterthoughts. What do you think?
557  Economy / Service Discussion / Re: How does clogged mempool affect your crypto business? on: April 30, 2024, 11:40:47 AM
When fees are up and I don't have too much fiat or USDT I don't want to accept bitcoin either.
Accepting Bitcoin doesn't cost you a thing. You can always accept BTC regardless of the network state. The real question is, will the other party be willing to pay you in bitcoin, and if so, will you be at a loss if they take into account transaction fees.
You downplayed this actually but true business people don't do that, the ease of dealing with your customers should be your top priority, if not, you might lose a lot of them. Part of the ease of doing business is to provide them with good deposit and withdrawal options that are not burdensome. I just read from a user now on how a betting site that has always been known to allow Bitcoin alone switch to offer more deposit options, and this is for the obvious reason. I doubt if such a casino had not switched, more customers could have been lost.

According to your, fine, the company/individual receiving the money may not care that much if the other party is willing to accept that payment method and/or the cost, but if there is an alternative where such would pay less, your business could be taken elsewhere if you did not provide it. This is practical as the Bitcoin transaction fee can be annoying at times. You can imagine some trying to deposit $50 into a casino's account and the network fee is also $50. Is it reasonable to still go ahead with that deposit plan if it is the only option provided by a casino? And if the casino is not wise enough to have an alternative, don't you think the person will find an alternative?

This is why business people will not base it on "willingness" as you said, but on competitiveness, and will act smart and fast.
558  Economy / Trading Discussion / Re: A trader lost over $1 Million + on Binance Future trading on: April 30, 2024, 11:20:39 AM
Reference
Quote
“Just woke up and realised I got liquidated overnight. I was 3x long PEPE. I lost everything I had. I don’t even have $1000 in my bank account but had $1M in Binance. I have been in crypto since 2017. Today I lost everything,” he posted.
He has started crypto trading since 2017 doesn't mean he knows how to trade the futures market. He might only be one of the opportune people to invest in cryptocurrency easily but became greedy and wanted to make more since the crypto market is not performing as many expected in recent times. I can only term that "greed" if that is the case. We should know that the higher our risks, the higher could be the gain and the loss. I feel sorry for this guy!

Quote
This is one disadvantage of future trading. You can make a fortune over night trading on future, but you can also lose it all if you don't apply good risk management. It's obvious that this man did not set a stop-loss point; his greed overshadowed him with too much confidence that the bitcoin price can't dump since the halving is just around the corner.
That is the point, if anyone believes they can make a fortune overnight, they have a higher chance of losing everything instead. Trading has to be done carefully and systematically with the right psychology, trading system and management in play. The guy cannot carefully observe all of these and still lost woefully the way he did. If you do not know how to trade the futures/margin market, never trade it, and if you must trade, let the money and risk management be ringing in your head above all other things else.

Quote
It's hard to experience total liquidation like this on spot trading, but if I thought Binance by default doesn't allow 100% liquidation on future trading, at least it will automatically stop in the range of 85–90% of the trader's total assets they always tries to leave you with something.
Spot trading is almost the same thing as buying your asset in your wallet and keeping it. Why can't the guy opt for this option if not for greed? And the 100% liquidation in Binance is what we all sign for if we are trying to trade Binance futures trading, so Binance should not be blamed in this regard. No one should engage in what they do not know or understand and we should weigh our risks accordingly before taking it.

Are you telling me the guy did not know that the market could go either way, so why can't he plan the 85-90% you are pointing to by the use of a stop loss? All these tools and functions are there, so I see no reason why anyone should blame the exchange. I wonder about the huge risk the guy must have taken for a whole $1M to be liquidated. That must have been a daring attitude which is orchestrated by his greed.
559  Bitcoin / Bitcoin Discussion / Re: Suddenly I'm curious, do I need to pay taxes on Bitcoin income? on: April 30, 2024, 11:00:12 AM
I asked chatgpt, and it answered that Bitcoin transactions are generally subject to tax, just like other forms of asset transactions. Tax requirements may vary depending on the laws and regulations of the country where you are located, but in general, the following situations may require taxation:
Earning profits: If you earn profits through the sale or investment of Bitcoin, these profits may be considered capital gains and are subject to tax. Salaries and wages: If you pay or receive wages in Bitcoin, this may be considered ordinary income and is subject to tax. Mining income: If you receive income from Bitcoin mining, these income may be subject to tax. Currency exchange: If you use Bitcoin to purchase goods or services, you may need to pay the corresponding consumption tax according to the laws of the country.
Oh yes, you have to pay your taxes bro if your country demands it and I always encourage people to pay it and not try to play smart in the name of Bitcoin. You may only get covered when it is about the non-custodial approaches, but when it is a custodial and centralised arrangement, you will be exposed. It could even be tough for the government to know if the centralised system is not registered in your country, but in the long run, what if you are a person of interest and you are later exposed? This could be sanctionable or jailable in many country's laws. The thing is that different countries have their tax laws as you stated but I've never seen a country that will exempt you from paying tax on investments, which makes it general.

However, if it is a gain from futures trading, it is still arguably not taxable in some countries, which makes the whole thing complicated. Because if you buy and hold your Bitcoin and also trade it in the futures markets, how do they differentiate the income when they are lumped together? This is often possible if the centralised company is registered in your country and cooperates with the government, they will be able to issue the record on that to the government to know which income to tax and not to tax.
560  Economy / Scam Accusations / Re: Sr Memeber defaulted 35$ Loan [Heartilly] on: April 30, 2024, 10:42:32 AM
I'm just seeing this, sorry about that. But still, the little I've seen and sensed about this guy, he didn't deserve your loan, the risk is high. It's so possible this is an alt the way I see it and he could be reading this thread and laughing, which is the most annoying part of all. Well, what you do requires risk, that's part of it, but next time, I think a better account than this deserves your loan.

Also, the guy actually might not have planned it that way but for his campaign that might have ended shortly after giving him the loan and his inability to join a new campaign might have caused it as he attempted to join Joya.Casino last month. Regardless, there is no excuse for this at all. The person who has the boldness to ask for a loan should have good repayment plans if such a person has integrity.

That's why there should be plans A and B, if not C to avoid issues like this.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 [28] 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 ... 268 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!