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Incorporating bitcoin is the way not only for companies, but for everyone. It's important to have some reserve of funds in bitcoin, and Tesla has already shown how it can be useful. In the currently stage we are is the world it's a fact nobody should rely their finances in fiat, which loses more and more value day by day.
For companies bitcoin holdings can be even more necessary, because many of them are having a hard time, suffering to sell some services or goods due to the chaotic worldly broken economy. We see many businesses are closing the doors or firing a lot of employees, because they can't keep it going anymore. So bitcoin can indeed be very welcome for these businessmen right now, and the way forward.
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Yes, that is right. It is the physical casino.
If we won a lot of money, maybe the tax can be 10%-15% from all of the total money we want to withdraw and I think that still a lot of money that we can get. So that will not be a problem for us if we're going to cash out the money.
That's still a lot of money honestly if you're winning big in physical or online casinos. But the tax varies from the jurisdiction of the country you're living in about gambling tax. As long as we still get the biggest money from the withdrawal, I think that is enough for us because we do not use too big money to gamble and win for some money. But that will be different if we use big money to gamble, and we already have an experience of losing that money, but after a while, we can win so much money. Maybe that still a big winning for us. But we need to check on how big the taxes will apply to our win money. If you want to avoid taxes you need to prove to authorities your losses surpassed the winnings during the yearly period. They can't tax a gambler if he has been losing more than winning, because actually there isn't any profit to be taxed. This way very few gamblers are taxed from their gambling activity and most people shouldn't worry about it. Authorities make much more income taxing casinos than the gamblers themselves. What ironically is also valid for countries where gambling is illegal. |
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What Martingale is really meant for is allowing you to bet on outcomes that are less than the minimum bet odds. Your example shows a 1.1x and you could reduce that to 1.01x. But if you wanted to reduce it to 1.001x then Martingale is the only way you can do it.
Plus on top of that martingale creates this fallacy amongst many newbie gamblers that "how is it possible to lose 20 times in a row! I will definitely win!" and they make strategies based around that "fact" and when they end up losing, they feel like you scammed them. I have seen plenty of people in this 830+ pages when people did martingale, lost many many times in a row and then came here and blame you for having a "rigged" setup as well. Why? Because they believe they "can't" lose 10+ times in a row in martingale with 50% win chance or 2x win whatever, because in their idea that odd is now lower because they lost that many times, the chances of losing 15 times in a row is same as 1, on that 15th one it is still 50% and yet they do not see that. Which gives house a psychological advantage as well, it makes them lose a lot more frequently because of that, and makes you win a lot more because they do not realize this. The many consecutive losses may look unrealistic at first impression, but it becomes quite often because gamblers need hundreds or thousands of bets to make some decent profit with a low base bet as many faucets/free bitcoin sites' users are used to play. The less money the person has, the more greedy he becomes to double this amount through low bets, but really frequently. Then it becomes a dangerous journey and high loss streaks are hit often. |
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Having knowledge about the game we play is key to success. Even if it is games like slot machines, we should atleast know the basics about payouts and possible jackpots. If we just gamble blindly than without knowing much about the games we are more likely to use money. The same goes for betting, if we don't know much about the sport than we just can take the bookmaker odds as they stand. But if we do our research we can find under valued opportunities where we can profit a lot.
By the way, this is a rather controversial statement. From the point of view of mathematics, with the same money management, a player who understands some kind of sport will lose at the same speed as an absolute beginner who will bet at random. This is a big illusion that understanding the sport gives you some advantage (in relation to other players or the bookmaker). He does have some point though but i do agree when it comes or in talks of mathematics. Understanding the sport and having some knowledge about it will really be giving out some advantages since you do have some basis on which one whom would pick basing into the comparison with stats and previous plays rather than shooting up some bets without any basis and just sticking out with the heavily favorite team or player. In sports you can have a larger winning chance on long run if you know the sport and the teams involved, but in slots machines understanding the game and the called money management won't be enough to change the outcomes on long run, as it is a game of random results, with an advantage for the machines. And even a sports' expert should be careful with gambling and not take his knowledge as a guarantee of profit, because the favorite teams and players sometimes aren't the winners and when they win the odds aren't good anyway. |
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Does anyone think that it can be a good idea to bet on the fights that only the writers know who will win?
Technically, NO but it's no different when betting on Oscars, International Pageants, etc. where someone who has the authority already knows the result. Regardless, it's up to you if you want to bet on that if there's an open betting on it. Do you see some crypto-gambling sites offering betting on that? I can't say about International Pageants, but with Oscars the outcome isn't known beforehand to so many people as in the case of a book. The famous incident on the stage of the Oscars 2017 can serve as a proof of that:
Too many people, like illustrators, editors etc. know what happens in a book well before the book is published. So, on a large scale this kind of betting isn't a good idea. But on the level of friends/family members/neighbors, why not?  Maybe they don't know the result beforehand in Oscars, but the outcome is so subjective like a fairytale/comic book stories ending. It's possible to bet in such things, but it's very hard to predict the correct result, because the variables are infinite and they don't rely on logic or facts, but on someone's imagination and creativity. And in Oscars it's all about personal preferences of the judges. They just need to be creative to justify their decision, exactly like the writers mentioned above. You can't predict the scenario and pick the correct film being just technical. Although by a decade ago I think it was different, because there were films which really shone among others, but now all of them are similar, average movies. |
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As a form of investment, many are buying cryptocurrency in smaller quantities and saving for their kids in the future. With the continuous rising and falling of the currency and the volatility of the market, how do we know the coins to buy and save for future use or is it a waste of money.
Need your thoughts on this tho'...
I believe many people are doing this right now, saving for the future generations, althought it's not possible to know anything with sure about the prices and values on this market. As you said it's a very volatile market which keeps rising and falling without clear reasons most of times. It can be a smart move or a waste of money to save btcs for your kids, who knows... The only assured thing is that the probabilities of holding bitcoin on long run are very good and most probably the investment will return a lot of profit for those who believed on its potential. You just need to make a conscious decision, aware about all the risks involved. Think if you are able to take such risks and accept the possible outcomes later, the good and bad ones. Good luck. |
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Good thing that I don't have a lot of money and my Internet isn't that good so I can prevent myself from doing online gambling because I know what happens next.
But I am not seeing those external stops are good thing in long run. Because, at any time in future you will get a superfast internet connection and your small valued crypto may turn tomorrow somehow big enough to support you to gamble all day. I mean self control is something you must develop on your own. Otherwise, we may get into gambling with no limits which will again ruin all your plans and saving. Now itself plan for short gambling which is only thing able to be sustaining with you forever. Yes, people can't rely on negative aspects of their life, like a bad internet quality and low budget, as safety measures against compulsive gambling. This way, the person is going to live forever in those bad conditions in order to avoid gambling addiction or this person is going to improve his life standard a little bit and will most probably lose all the progress made due to addiction, returning to the zero again. On long run it doesn't look good. The individual must learn how to deal with the desire for gambling and how to control it to stop wasting money he can't afford to lose, while improving his life financially. |
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You are right. If casinos want a friendly approach to gamblers they need to adopt a mechanism like you said as a warning to keep the rules clear and avoid any tricks that could be used by the house to avoid paying the gamblers later.
What kind of mechanism can you suggest? Such a pop-warning while players are currently playing gambling? It doesn't work that way. Gamblers should be responsible enough to read terms. Whenever we are claiming a bonus or participating in a certain promotion, there's always a notice about it to read the terms. We should just accept the fact that we are lazy reading those terms so it's not the gambling site's fault if ever we are unaware or surprised that we already violate a certain terms. Although it's not a must and the flat, plain terms & conditions are enough from a technical perspective, a friendly approach is never too much, especially if the casino wants to differentiate itself from the competitors. The mechanism could be an alert the gambler receives when trying to do something that isn't allowed by the promotion rules. For an example: if I increase the bet too much I receive a warning message, if I play a game that isn't allowed by the promotion, another warning message. Just that. It's already common to see such messages when we hit the roll button if the whole balance is selected by a mistake, so this mechanism is nothing new to say the truth. It's just necessary to extent its function. |
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You're definitely not the first nor the last one to have this issue. Actually, the current discussion on our thread is about unfair T&C as years of experience in the industry have shown that operators will do anything to void winnings won by bonus funds. It is what it is, though and it's a lesson learned. Everyone should always read the T&C and even maybe double-check with customer care before claiming and using a bonus to protect their winnings if they get a lucky streak.
It is a lesson to all of us not to avoid the T&C even in the reputable gambling site or offline casino because we need to know their rule and prevent not breaking their rule. The reputable casino, whether offline or online, will not try to cheat their members because that will be related to their reputations. And if their members have a problem, they will try to help and solve it because that is the important for them to make their members satisfy. But yes, we need to make sure that we know the rule and read all of the T&C on that site. I absolutely agree. Honest casinos that want to build a name for themselves won't do any tricks. But players also have the responsibility to read the rules and protect themselves. The OP admitted his guilt in this situation and hopefully learned a lesson. But I also think that there should be possibly some tools or features that will alert players in such situations. Like, when you play with bonus funds and want to place a bet over $10 (if $10 is the max bet) to notify you that you will lose the bonus and the winnings. In my opinion, there should be some mechanism to inform users when they want to make something against the bonus rules. This should be a fair approach toward everyone involved. I think that casinos often take advantage of players being too careless and not reading rules and then they have the perfect excuse to do such tricks.  You are right. If casinos want a friendly approach to gamblers they need to adopt a mechanism like you said as a warning to keep the rules clear and avoid any tricks that could be used by the house to avoid paying the gamblers later. At same time it's also an extra security measure for the casino reputation, because if warnings were shown, the gamblers wouldn't have excuses to complain later, when not following the promotion guidelines. In the case mentioned on this thread it didn't have a bad end, because the deposit made by OP was re-credited, so he could try again from zero, but I have seen cases where the payment was just denied, including the initial deposit. |
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Feeling pressed when gambling is a big issue, but I'm not sure if that was the case of the man in the video. Maybe he just didn't want to go home yet as he was finishing his game and reached to a point he couldn't wait more to defecate and had to do it right there because he calculated badly the time he could hold on. As we can see he just played a little more and then left the room.
Anyway if I were the owner of that place the guy wouldn't be allowed to come back anymore lol.
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To use a CNN site's link to show US economy is booming is the same than using a link from the Democrat party to do so. And this media is so manipulative that as they can't see practical evidences the economy is booming, they claim it's happening, but people can't see it, yet. What a joke!  And why does CNN say the economy is booming? Armed with stimulus checks and tax credits, Americans are spending aggressively. Incentivizing people going into debt and spending without limits is good news for the establishment and a signal the economy is skyrocketing. Good for the banks and oligarchies, of course. |
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UAE is more liberal when compared to the other Muslim countries, but there are a few things that you need to remind before visiting that country. Unmarried couples are not allowed as per the law, although it is tolerated to a degree. Recreational drugs are strictly prohibited, and in case you are caught, then you can expect the courts handing down a death sentence, which can't be appealed further. There are things that are illegal, but tolerated to a certain degree. But if you are unlucky enough, then you will be prosecuted for these.
In my personal opinion I just looked at the muslim countries having a same religious law or Islamic religious belief and that is including UAE. And to be honest Dubai was a beautiful country with so many good and beautiful place to offer in the tourist if this country will going to push tourism as one of the source of their income and which of course any tourist should respect and should follow. But I am also curious does gambling will be avilable or will be implemented legally at the Islamic countries.? The is not about ideas or thoughts, this region has very strict religious rules and the question is how can people coming from external stick to that? It is a different world that here and there tries to adjust their reality to ours, but it is still not consistent. That is why it is hard for us to really understand what the intentions of the United Emirates are. Yes, these are very strict rules that most people from the occident and even from some oriental countries aren't able to follow. But I think it's not a problem at all, because there are almost 200 countries in the world, all people need to do is to avoid countries where the laws are too severe over the citizens. At same time it's good to have countries like this, where the laws are more restrictive, because not everyone likes a liberal world, so these people have the right to belong to a place where their lifestyle is respected as well. |
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What can people do about it? Whine at Musk's social medias? Crypto currency is a free market and investors can enter and exit anytime they wish. Nobody is forced to hold for the long run or until all other investors give them permission to start selling their holdings. Investors are here to make profit from their investments and it's not going to be different with Elon Musk. We can just hope his interest goes further than just flat profit and that he is a man of his word, fulfilling his promise of holding most of his personal and his company's bitcoins for the long run.
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“You don’t spend money now, you can’t spend after you died” Many governments work with this economical philosophy to incentive people going into debt to heat up the economy. If people don't save money, it means they are constantly spending it and creating eternal debts, so they have to pay interest over the debts, what boost businesses as a whole (as people are constantly purchasing from them) and of course, boost banks' profits. It's the politic of the chaos, where people are educated to be irresponsible with their own money and exchange a confortable future for momentaneous, ethereal pleasures. Worse than not spending money because you died before you could, it's to live an entire life without any quality because you have never been an economical individual. |
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It is true that investing in bitcoin is like planting trees and after planting trees, of course it will grow slowly and we will protect it until the harvest arrives, so I think this is exactly the same as bitcoin because now if we pay attention to the price of bitcoin continues to grow every year and many people benefit.
And after some years this tree will keep producing fruits from times to times and all you have to do is to collect these fruits. The more trees you plant today, the more fruits you are going to harvest later. However, most people don't plant this kind of tree, because it's an unknown species for them yet. At same time, that is what makes the opportunity so valuable for those who venture into planting the bitcoin seed right now. But dont always forget about the probabilities that planting it wouldnt really result into some losses but since we are talking about future years on here then its indeed safe to presume that we can really benefit out on what we had planted even though it might not really be that fast or might took long years but it is much better rather than doing nothing at all when it comes to probabilities then it isnt really that impossible for someone not to take profits.I do love the idea that buying bitcoin is like planting trees because this isnt something that you can compared into other assets with other markets when it comes to price increase chance then we can really see its future in just basing on the current support it does have. Oh yes, metaphorically talking there are also the diseases which can impact the growth of our trees negatively (and even kill it), the thieves who can come stealthily during the night and steal the fruits, the pressure from governments which may keep increasing the percentage of our production that belongs to them and some other adversities you can imagine, but so far it has worthed the risk and I see no reason to think it's going to change soon. As long as we take care our trees vigilantly and patiently we will be rewarded at some point. And meanwhile it's also important to not stick only with one tree. Diversification is important.  |
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It is true that investing in bitcoin is like planting trees and after planting trees, of course it will grow slowly and we will protect it until the harvest arrives, so I think this is exactly the same as bitcoin because now if we pay attention to the price of bitcoin continues to grow every year and many people benefit.
And after some years this tree will keep producing fruits from times to times and all you have to do is to collect these fruits. The more trees you plant today, the more fruits you are going to harvest later. However, most people don't plant this kind of tree, because it's an unknown species for them yet. At same time, that is what makes the opportunity so valuable for those who venture into planting the bitcoin seed right now. |
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Bitcoin is just money. The only comparation or correlation between agriculture and bitcoin I could think about is the same when we talk about fiat and agriculture: you work as a farmer, grow your crops, sell it and are paid. So you use part of your payment to re-invest in the land and keep this cycle of work going on. You could do the same with bitcoin, instead of using fiat. Actually I think that is all and the same is valid for any other profession.
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Considering bitcoin is traceable and taxes over crypto are going to be raised from now on, the possible effects aren't positive because rich investors will have to find an alternative to protect their money against taxation, cashing out their funds from bitcoin and putting it in anonymous altcoins or another category of investments. Some people don't like this fact, but once rich investors are gone the whole market falls, as these are the ones who most move money around and keep the market pumping.
Furthermore USA is a guideline in the world, so if they are going to raise taxes, it's almost certain another countries will follow their lead.
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The fiat slaves will get bitcoin only when their masters order them to do so. These masters are the mainstream media, big corporations, influent politicians, philanthropists... And they aren't going to send their slaves to bitcoin universe before guaranteeing its a profitable and fertile place for themselves. Profitability and fertility that can be only achieved through regulations and more regulations, as they were always used to and benefited in the old school model.
It means slaves will be always slaves, in fiat or bitcoin universe. But actually they don't care, because first of all slaves have and want to please their masters with excellency. If the masters are happy, the slaves will be happy too.
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Well, this is one of the reasons that we cannot trust everything they post on the internet, because it could be false information.
Dubai and the United Arab Emirates are countries that receive several tourists, if legalized gambling, some money could enter in country and could help the economy.
I don’t know the politics and culture of these people are, I just don’t understand why these countries don’t legalize
ps: I may have said something stupid, because I don't really know these countries.
It's quite confusing, but actually Dubai isn't a country, but a city, which belongs to the United Arab Emirates, that is the country. I think there is a total of seven cities in UAE and each of them is considered an emirate which have total autonomy over their own areas. The capital is Abu Dhabi, although Dubai is the most famous one. They don't legalize gambling because of the muslim religion, which plays a big role on their local society. Different from the occident and some oriental countries, they don't differentiate religion from public administration. The called Laic State doesn't exist there. |
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