I agree with your statement. Unfortunately, I have yet to receive or to purchase a hardware storage for my BTCs since I left them inside our local exchange in the country. While this practice may be potentially dangerous, the amount of BTCs that I receive weekly is somehow insignificant compared to others who have more than 1 BTC on their wallet.

Though this may be the case, I think this practice of mine should not be tolerated by newbies. Having your own hardware wallet is still the best choice for security and privacy so you can have full custody over your funds.

I do not think that there should be a specific retirement age when it comes to gambling. Rather, it should be more on the mental aspect of the person if they can discern the activities that they are doing at that time.

Contrary to popular belief, in my country, lots of old people gamble. In fact, they are even the high-rollers who tend to gamble away thousands to hundreds of thousands of dollars in a single night.

In conclusion, I think people should stop gambling whenever they cannot understand what they are doing. Additionally, if they lack the mental awareness and aptitude, they should consider quitting and focusing on other recreational stuff that can benefit them in the long run.

In the Philippines, there are eight ( 8 ) instances where there can be a valid disinheritance on a given legitimate child or descendant, to wit:

• When a child or descendant has been found guilty of an attempt against the life of the testator, his or her spouse, descendants, or ascendants; |
  
• When a child or descendant has accused the testator of a crime for which the law prescribes imprisonment for six years or more, if the accusation has been found groundless;
• When a child or descendant has been convicted of adultery or concubinage with the spouse of the testator;
• When a child or descendant by fraud, violence, intimidation, or undue influence causes the testator to make a will or to change one already made;
• A refusal without justifiable cause to support the parent or ascendant who disinherits such child or descendant;
• Maltreatment of the testator by word or deed, by the child or descendant;
• When a child or descendant leads a dishonorable or disgraceful life;
• Conviction of a crime which carries with it the penalty of civil interdiction

¹

This list is exclusive and any other reason stated outside of the reasons provide by the law is invalid. With an invalid reason for disinheriting a certain heir, they would be restored to their natural rights, thus having full inheritance from the legitime.

To answer your question OP, the testator may exclude a certain heir under the reason of "living a dishonorable or disgraceful life." But if the disinherited heir argues and controverts this, it is the obligation of the other heirs to prove that the disinherited heir did live a dishonorable life. In your case, they must prove that he was a chronic gambler by presenting additional evidence. If it is found by the court that the evidence is lacking, then the disinherited heir would be entitled to the inheritance that is reserved to him by law.

---

1 Article 919 of the Civil Code of the Philippines

Generally, casinos who do not offer any KYC restrictions are the ones who are relatively generous when it comes to their rewards and bonuses. Given the leniency that they provide, there is somehow a drawback with this kind of setup. Potentially, your winnings are at risk especially if a casino does not offer any KYC and they are relatively new on the industry.

With that being said, that is the reason on why I prefer to gamble on websites that offer KYC. This is somehow of an implication that they do indeed value the safety and security of their customers since they have the paramount duty of safekeeping such information.

Lastly, I do think that most casinos are slowly integrating KYC to their system due to stringent regulations on some countries. So if you plan on registering on a gambling website that offers KYC, make sure that you do it on a well-reputable and known platform.

I agree with your statement.

When people discuss about the effects of HODLing, you must understand that this is not a mindless act where you would just leave your BTCs without a definite plan on mind. HODLing must be paired with the intention to gain and profit your investments. This means that once your initial investments are paid-off, it is within your discretion to either HODL for more or to convert them to cash depending on its price on the market.

Generally, once the price of BTC is more than your initial investment, that should be the GO-signal for the person to quickly profit and retain at least a small percentage of BTC to continue on the investment for the future.

Nope and this is potentially a dangerous precedent.

I remember during my younger years, I used to avoid gambling due to the fact that I know that I will lose in the process. But when I saw my brother winning countless of matches (he started with $10 and ended up bagging $100 in one day), I quickly got jealous and tried gambling for myself. Unfortunately, I was not able to win and lost all of my money on that day.

In conclusion, if you compare your luck with others, there is that potential that you may overextend your budget in the process. While others may be lucky, this does not equate that you will be lucky also.

I used to gamble using my BTC funds that I received from my campaign signature earnings but when I realized that the latter is too valuable for me to waste it, I quickly switched to FIAT and altcoins.

Whenever I have BTCs, I see them as an opportunity to invest due to its high store-of-value in the market. I personally find it a waste to gamble it away given that it has the potential of skyrocketing its price in the future. This is the reason on why I focus mainly in gambling away my extra cash whenever I have one.

Gambling and trading are two (2) different worlds that have their respective components and techniques. While others may see them similarly, the only similar factor that they contain is the element of risk that is involved. Other than that, they are completely worlds apart from each other.

To further explain, gambling is a game of luck and odds. While there may be some techniques and tips that can increase the chances of the person winning, it is still dependent on the odds for you to win.

On the other hand, trading is an activity where you integrate both the extrinsic and intrinsic factors to guide a person decide whether to purchase a certain coin/share or not. It involves different and complex techniques that can relatively predict and forecast a given price of a certain coin/share.

To conclude, both have the element of risk that is involved. While others may call or consider it luck, I do doubt that there is a correlation that equates a good gambler on being a good trader.

Thank you very much for having me!

All of the information has been updated- will definitely comply with all the said requirements for this campaign.

Regards,
qwertyup23

Username: qwertyup23
Profile-Link: https://bitcointalk.org/index.php?action=profile;u=1022860
Rank: Hero
BTC Address (Segwit): bc1q86djjq6spynyyazr9ehx9t6ylld7z057xqmq67
Post-Count: 5305
Merits Earned (Last 120 Days): 21

Loan Amount: 0.003 BTC
Reason for Taking out a Loan: Utility Bills
Amount to be repaid: 0.003 BTC + 10% and TX fee
Repayment Date: A month from now (November 25, 2023) or an earlier date.
Type of Collateral: No collateral but I am currently enrolled in a signature campaign that will pay me weekly.
Bitcoin Address: 1M2VLrtNT19coVTYVATM8qSbhfKxGhtUpN

I would recommend selling the amount of your initial investment and re-invest the amount that profited.

Like any other investment, what you need is the assurance that your initial investment is recovered as secured as possible. If you invested BTC and you noticed that your initial investment has increased by 50% or more, then it is safe for you to sell the amount of your initial investment and retain the amount of what you have profited for future investments.

In this method, you have a guarantee that what you have initially invested on is already paid off by your investments.

I doubt that the government can acquire BTCs especially if the person has the private keys on their wallet.

The government definitely cannot access the whole blockchain and steal all the BTCs even if they have the best of the best computer person out there. It is just impossible on how the blockchain was created as the only person that can access their respective BTCs are the people who have the private keys to it.

One thing, however, that the government can do is to restrict the access on local centralized exchange by providing stringent requirements or even freeze the institution itself.

That's actually the dream in any kind of gambling- betting low and winning big! The good thing about sportsbetting is that this kind of scenario is entirely possible if you are definitely certain with the team you are betting on.

Compared to other types of gambling, I do submit that sportsbetting has the highest chance of yielding a win. Though there are still factors that must be considered, you can definitely predict certain outcomes if you employ techniques and knowledge to arrive at a certain decision.

I have watches lots of people who have won on sportsbetting but this requires tremendous patience and knowledge on a certain team in order to take advantage thereof.

I agree with your post.

The problem with gambling is that it can always be too much especially if a person chases for profits rather than experiencing the entertainment part of it. If a person views gambling as something that generates money, chances are that the former would most likely overspend on their gambling spree. But if you view gambling as a form of entertainment, regardless of the result, you would enjoy the activity as a whole.

I just hope that people would know their boundaries when gambling especially the expenses they incur when betting. Avoid the never-ending cycle of gambling and people would be surprised on how much they could have saved monthly from it.

This depends on your investment as a whole.

When I first started my BTC journey way back in 2017, the price of 1 BTC was equivalent to around $4,000. At that point, I thought its price was going to stay at that range. A few months passed and it skyrocketed to $19,000 where it reached an ATH for that year. When that happened, I knew that this was something that everything should take advantage of.

To your answer your question, your profit is proportional to the investments that you made. But be reminded that even if you invest money in BTC, there is still no absolute guarantee that you would profit in the end- so invest on your own risk!

Always set your parameters. Having a designated and allocated fund for the day will definitely help in managing your expenses. In addition, never gamble using your credit card as this can potentially lead to a cycle where you would want to recover your losses.

In addition, I know it is easier said than done but control your urges. Even if you experience a losing streak, just know when to stop and call it a day. View gambling not as a money-making venture but as a form of entertainment. In that way, you may be able to prevent chasing for profits and you would do it for fun instead.

Well when it comes to gambling, I value my privacy as much as my security. That is why, I am somehow hesitant to share my personal information (or KYC) to gambling websites that are relatively new in the space. Even if the latter has better rewards than your traditional online casino, I still value my personal information higher.

This is the reason on why I mostly gamble on gambling websites that have a well-known reputation in the cryptocurrency world. This means that I am at least assured that my information is kept with secrecy and privacy- and that is my only guarantee in which I am hoping for.

If you say that something cannot be avoided because it is considered innate and hereditary, this invalidates majority of the people who have a negative background in their lives who changed for the better. In addition, this also invalidates the efforts of the people who changed their lives as you are stating that a person cannot change because it is within their bloodline- like that is their future.

Even iff a person came from a family background of gamblers, the former still has the discretion and option whether to continue it or not. In addition, the efforts of the Australian government to abolish gambling ads is welcomed- any kind of support and help to reduce gambling activities from minors is a welcomed and appreciated.

I mostly save my signature campaign earnings for future investments. Rarely do I use my signature campaign earnings for gambling but there was a time where I used $60 worth of BTCs from my earnings to try and gamble away from the very same platform where I advertise my signature in this forum.


I prefer fiat as a display currency in order to have a rough estimate on how much my total remaining balance is. This also keeps me aware of my earnings/losses throughout the match.


I mostly do slots since I know to myself that I do not have the necessary skills to play certain card games such as poker, blackjack, etc.


There are dozens of gambling platforms that I consider as my favorite, such as duelbits, sherbet, fortune jack, etc. Basically, these are the gambling platforms who have a designated signature campaign in this forum.


I think I consider myself as a responsible gambler. I am very much aware of my actions and I also keep track of my current expenditures in order to not go beyond the allocated budget for myself.