As some of you may already know about it, that SEC finally rejected the ETF that was proposed by Proshare Capital Management LLC. The rejected came in today and SEC released the official document confirming the same. SEC document Link: https://www.sec.gov/rules/sro/nysearca/2018/34-83904.pdfNow my point is that, it is actually good for the market. The market was living on a false hope and SEC finally pulled the plug out. No more false hope will certainly help to recover the market. Newbies were excited about the news of ETF without knowing the fact. Let me point out a few for noobs. 1. The proposed ETF was meant for institiutional investors and not for common people like us. 2. The underlying asset for the proposed ETF was CME future contracts. No physical bitcoins were proposed to be purchased resulting zero impact. 3. SEC used your excitement to control the market price of bitcoin to some extent. With every delay announcement, market took a dip because you guys thought this ETF will be a great addition to the market. Wrong! Now the ETF has been rejected by SEC, please don't let your emotion to ruin the market. The less numbers of regulated products around crypto, the better! The decision will help the market survive without intervention of SEC. So rejoice and cheer! |
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Although it seems to you that there are no solutions, I assure you that your answer is within your reach. The answer to the question of what you should do cannot be given to you by your friends, families or even experts, but only by yourself.
What I can tell you is that you can not influence the will of your loved one to solve the problem if he/her ever thinks he has it. The behavior of the loved one can certainly indicate that he/her is a gambling-dependent person. Gambling addiction is sometimes referred to as - "hidden disease" because there are no obvious physical signs or symptoms such as drug dependence or alcohol dependence. Compulsive gamblers usually deny or alleviate the problem, and they do everything that is in their power to hide their problem.
The gambling addiction is the type of impulse control disorders and because of that, the compulsive gamblers cannot control gambling impulse, even when they know how bad and harmful they are. The gambling problem can burden relationships, hinder responsibility at home and at work, and lead to a financial disaster. Although gambling addiction can be cured, every treatment is the key readiness of a person to admit to having a problem and wanting help.
In most cases, the relationship is burdened to such an extent that it also affects the health of the non-gambler in a relationship, and ultimately determines the further course of life that does not go in the desired direction. Blackmailing the loved one to terminate the addiction will not lead to the desired effect, nor the "forced" treatment will. If a loved one is not aware of at the moment that he/her has a problem that needs to be resolved, none of the above solutions will result in improvement.
It is important that you realize what you want and how well you are willing to neglect your own needs, wishes and priorities until your loved one feels he/her has a problem.
I suggest an honest conversation with the loved one, without condemnation and blackmail, which will show you in what way is he/her looking at his/her own problem, and then comes your decision about the further course of the relationship: the willingness to fight with the uncertain end, or the decision to continue your life course in the other direction.
To all of you with the same problem, I wish a lot of luck and courage!
My questions are:
Do you have the same problem at home?
If you have this particular problem are you trying to solve it?
If you have solved it, can you share your "personal fight" flow and outcome here?
Thank you!
You have got good writing skill so keep using it. I just want to add my 2 satoshis here, Please change the thread subject as "Life with a loosing Gambler - Solution!" Because an winning Gambler's family/loved ones usually lives a way better life than anyone here combined! The problem starts with loosing and excessive addiction and it is curable. Look at the below link to know more about possible cures, https://www.gamblingtherapy.org/enHope this helps! |
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Everyone seems to be obsessed with the SEC's approval or rejection of the next phase of the ETF in a couple of days, which will be obviously dennied and my thesis is the market is smart enough to know this and so the rejection is already priced in which means there will be no dump. However, no one seems to be talking about the ETN, which would allow investors immediate access to "BTC shares" without all the bullshit that the ETF needs. https://www.bloomberg.com/news/articles/2018-08-15/lovelorn-u-s-bitcoin-etf-fans-may-find-satisfaction-in-swedenMore info there. Looks like it's already opened? didn't do much market wise. ETNs are not exactly similar to ETFs. In ETN, the notes are traded with a significant amount of premium unlike ETF. For ETF, there is no premium to be paid on the price of the underlying asset. So ETF is more suitable for the small investors like us compared to ETN. Probably that is the reason we are not seeing much excitement about ETN among the community. Also an ETN is usually backed by a physical asset. However, I am not sure in this case. Most probably this ETN is backed by physical bitcoins. That is the reason why we have not seen any impact on the market either. |
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This is what will make the cryptos stronger and driver for growth. Let me allow to present the official link to the news, https://gobbill.com/cointree/https://gobbill.com/afr-cointree/It seems like gobbil is planning to integrate crypto currency payment layer for businesses to accept crypto as a payment and get the settlement in fiat. Even though we already had similar companies acting in the same field. But we need more such service provider to make the world of cryptos more accessible to the common mass. Good luck to this initiative! |
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"It is also a good idea to keep yourself in the lowest tax bracket. For example the tax on $51,800 is 12%. But add $1 and it jumps to 22%!" I am not a trader  I have a 9-6 job. so Tax brackets are set for me (well If I do not loose my job) This is the most ridiculous tax situations I have seen as $1 could change the whole situation. The confusing part of it is the trading of coins which should be under another type of tax maybe VAT and when there is a final disposal to fiat, Capital Gains Tax can be applied. Personally, capital gains tax should not be applied exclusively on crypto because of its nature. For buildings and other properties, its pretty straightforward. You build a house for certain amount till completion, you know your costs. The moment you sell, the value is determined and you know your capital gains which tax will be applied. For crypto, its different and cumbersome as the 1btc you have might have been acquired over time at different rate and now that its being sold, which exact cost will be the cost of purchase. The problem you have stated is actually true! However, the exchanges are providing P&L statement to help you calculate the capital gains. THe only thing you need is your trading history. The more exchanges you will use, the more confusing and complicated it will become. Otherwise, it is pretty straight forward in nature. The P&L statements will have all details like time of buying, buying amount and buying price. Also capital gains tax are not exclusive to cryptos only. It is applicable on mutual fund, properties and equity as well. If you haven't seen any P&L statement, try to see one and you will understand that it is not difficult at all. Just need to know the right things! |
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Likewise! Loved the website design. Looks really great. The rolling game reminds me of wheel99 website though.
To the point that Joel raised about security, do you really need kyc from the players? That will most definitely hinder the growth of the website. If not, update the text please!
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If the user understands what he is doing with the mining app then Google has no right to ban those genuine mining apps completely.
None of those apps are telling the users the truth. And truth was that for the most app there was barely any mining done and the apps were full of ads, that's how the "devs" were earning tons of money and you were just destroying your phone. There was no warning about what 24/h mining would do to your phone and battery, there was no warning you're going to earn 2 cents a year. Those apps were used just to promote shitcoins and tricking newbies. Goodbye and good riddance! I second that opinion. Google play store is actually overburdened with loads of mining apps now and 99.99% of them doesn't do any good. I tried few of them when I started my crypto journey without any luck. It's better to have a clean marketplace instead of these useless apps. |
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Move this thread to the Goods section. Link below, https://bitcointalk.org/index.php?board=51.0Nice initiative! However, the prices seems to be on a higher side for the international customer. Along with the international shipping charges of 19.99 makes it even costlier. Think about it! |
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Is this really happening. I think this will be huge support for existing of bitcoin. Recently,I heard that Samsung started to accept Bitcoin on 3 countries. It is said that customers in Tallinn, Riga, Vilnius, and Kaunas in the countries of Estonia, Latvia, and Lithuania will be able to purchase Samsung smartphones, tablets, laptops, TV sets, and more with cryptocurrency.
You should at least share the links so that we can read and comment about it. Anyways, maybe you are referring to this article: (UPDATED) Samsung Stores in the Baltic States Still Don’t Accept CryptocurrenciesI'm not surprised by the Baltic + Samsung accepting it. Those states are very friendly anything related to cryptos (ICO,blockchain). Yes its a welcoming news and this is just a small step for crypto acceptance. Perhaps this is just a experiment for Samsung and if they see it going a positive way then it might be rolled out to other friendly nations as well. I have also stumbled upto to the same article while googling on the same news. However, pleaser read the entire article. It is a fake news. Samsung rolled out a press release confirming the same. Also the admin of Coppay removed his Medium post after that announcement. It's a confirmed fake news! |
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As per Wikipedia, the definition of a private currency is as below,
"Private currency is a currency issued by a private entity, be it an individual, a commercial business or a nonprofit enterprise. It is often contrasted with fiat currency issued by governments or central banks. In many countries, the issuance of private paper currencies is severely restricted by law."
So as per the legal definition, bitcoin doesn't qualify to be a private currency. Bitcoin or any other crypto currency is mainly a new kind of currency whose legal definition is still not framed correctly. Definitely these are not private currencies by the definition. Private ICOs are more closely related to private currencies by definition where the tokens are issued and controlled by a certain company using a private blockchain.
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being topless and education don't exactly agree with each other! unless you are gay or a non-lesbian woman you would not be able to focus while a half naked female "teacher" is talking about a topic. your focus would be elsewhere all the time  not to mention that this is not some famous pornstar with a lot of followers! this is some random unknown person with a twitter account, it is not going to change anything because the audience is not really that wide. Yes, I kind off thought the same thing! Crypto is not very easy to understand especially for someone who doesn't have any technical expertise. I don't know what kind of video she is working on, but if this video is related to the cryptocurrency technical architecture, a lot of people will be interested in seeing just the two Xooxo's without actually paying attention to the details. I want Ivy Rose to do the same for us which can focus on the general cryptocurrency use and applications. |
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In India they raise all these moral objections to new innovations at first. Ultimately, what makes money for the country will win. That's one thing I've always noticed. I have a strong relationship with that country.
I have not heard yet if India is planning any such thing to legalize it and do not think they may be considering or will make it legal as they would want to stay away form it and already they have many other issues to handle in their country. Yes! Ongoing issues are there that needs to be addressed but that doesn't mean that other developmental activities will be stopped. Things can certainly move simultaneously. The report is indeed true and the law commission indeed proposed to legalize gambling. But they did not sat anything specifically about crypto gambling. |
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I play at a couple of sites, some sites offer a great community, Support from the players and moderators.... To bad some sites don't offer a great community.. for example, "Bitsler" just recently a friend got his account blocked for tipping because he made a profit and decided to exchanged his bitcoin profit into another coin.. then he decided to tip his friends with his profits.. but the site decided to flag his account for exchange abuse and block him from tipping. Then we had people trying to challenge this decision on this site and we had a moderator mocking a user for their attempt to speak English and threaten people with a report to the administrator... and this probably why I don't play there much anymore. For me, if a site has a crappy community ... I won't play there much maybe... I'm gonna deposit, roll and ditch out with a withdraw... but if they have a good community... there a slightly good chance I might roll there a little bit longer and not withdraw "yet" =) https://www.change.org/p/bitsler-staff-justice-for-sully-unblock-sully-s-tips-on-bitslerHaving an online communtiy is an integral part of a legal and transparent business. That is very important for the businesses related to gambling and money making. That gives correct idea about the operational integrity of any business based on the public review. However, not all online communities are trusted as admin can create fake accounts to maintain a positive outlook of the business. That is why I trust communities like bitcointalk more than the company's own community. Here people can provide unbiased experiences about any particular website or business. Being a third party provided community provides more clarity on situations becasue the gambling website owner usually doesn't have any control over the comments. |
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Im thinking like an micro chip implanted in our body. This system is not out of the picture because how we discover things every year, it is not impossible that in the future this things may happen and it will boom like btc.
It is already a reality. The system name is proximity sensor payment system. Check the below video to know more, https://www.youtube.com/watch?v=hTBJ6OIGkzcHowever, till the time the sensor is installed according to your own wish and no government controls are in place, we are all good with it. However, if this is enforced by the government, then you will be tracked for your every movement, every single transaction and every single thing you do in your daily lives. There is a difference between enforced and intentional. So it should be intentional rather than enforced! |
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Quote from the link provided : An alert and active checking on cash transactions amounting to ten thousand euros has been implemented. This limit has been brought down from fifteen thousand euros. Any transactions exceeding the aforementioned threshold will be considered as ‘obliged entities’. This comes under the extended AML regulations that now place wider range of restrictions on monetary exchanges that are over a particular amount The 10,000€ is still a big amount and people could still fly under the radar with their cash transactions if they did small tranches of their real transaction multiple times below 10,000€. What they will mostly do is instead of making a whole transaction worth 10,000 they will just do two 5,000€ transactions in order to remain undetected. What if they just monitor or provide a cap on how many transactions you can do everyday it will be more effective compared to only doing the procedure on transactions above 10k. That's correct! There will be loopholes in the system and criminals will be using those loopholes to stay undetected! They will just break down the total amount into smaller transactions and instead of doing two smaller transactions in one day, they will just increase the span and probably make two transactions in a week, so providing a cap on the number of transactions will not help either! Definitely it can reduce the numbers of illegal payments, but still the system is not full proof. That's where AI can help us to detect illegal payments. AI can help to identify a pattern in criminal proceedings and to identify multiple payments from a single source to multiple destinations while the destination accounts are being operated from a single IP or from similar locations. That's far more complicated in nature. But putting ceiling in the amount or the number of transactions is an ineffective method as compared to today's technological prowess. |
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I really can't comment on the numbers of the new users that blockchain is adding up but I somehow agree to the point of Peter that notifies Coinbase is adding investment intensive users while overlooking the practicality of using crypto in our daily use. They have different business mindsets all together. Coinbase in mainly an exchange service provider where you can buy crypto using your fiat money and they are also providing an wallet to hold that up!
While blockchain is a primary wallet provider with options to buy crypto using fiat currency through a partner. So the primary focus is different for both of them. However, I don't want to degrade coinbase over blockchain because these two companies have helped the community to increase the footprint of cryptos through their services. Doesn't matter how different they are but they both have contributed in a positive manner!
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So, at one stage in your life, you should set some goals for something that you want to achieve in the future. The same is applicable to Bitcoin and you should set some realistic goals for yourself. I know a lot of people are aiming for 21 coins <as their first goal, because there are 21 million coins in total>  Would you stop after you reached your goal or would you set new goals after that? When will you stop collecting and hoarding your coins or are we all a bunch of Scrooge McDucks? Let's see how many people have decided on specific, realistic goals and how many people are just collecting coins without goals. My precious.. That's a funny question. Even though this question doesn't add much value to the community but still a fun thing to indulge into. My home mortgage value is around 10 bitcoins at the current market price. So my primary goal is to gather atleast 10 bitcoins so that I can payoff my mortgage commitment. That's a big loan in my local currency and I am paying a hefty EMI every month for that. But I know it is hard to reach within few years of time unless I win some lottery or jackpot. So I look forward to save at least 10 bitcoin in next 5 years. However, there is no question of stopping even after I reach my goal because who doesn't want financial freedom?? Definitely I want to continue my earnings in bitcoin so that I can save for my kid's and my parent's future expenses. I mean who doesn't want money? The more the merrier! |
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Most recently, I've seen many smart contract-based gambling games which live on the Ethereum blockchain. Some of them are Dice games, while others have a variety of games to choose from like Poker, Lottery, and more. Good examples of gambling games within Ethereum are EtherDice, vDice, and DAO Casino. However, I believe that these are not the only ones in existence right now, as many more are yet to come. Nevertheless, what do you think about Ethereum-based gambling games? Will they have a future? Will they become adopted at the same level of traditional gambling games or not? I would like to know your thoughts about this. ETH blockchain based gambling games are not much different than the bitcoin or any other crypto currency casino. The only difference is that the provably fairness of the game is based on ETH blockchain and enforced by a smart contract. The smart contract code should be available for public viewing. However, if you overlook this factor, there are a lot of of casinos available who accepts ETH as a payment method and like any other similar casinos, ETH blockchain gambling doesn't bring any super fresh ideas in the market that can trigger mass adaptability. It's just normal online crypto casino. |
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The national Assembly of Venezuela is preparing a reform of the country's Constitution, which provides for the creation of a crypto-currency Central Bank. It will be “the Central Bank" with its functions in exchange, monetary and financial policy, and the Central Bank will be involved. In Venezuela, from August 20, a new denominated currency will enter into circulation — the Sovereign Bolivar (Bolivar Soberano), tied to the national crypto currency Petro. On Monday, the country's President Nicolas Maduro (Nicolás Maduro) said that the country will begin to operate a new system of wages and prices, also tied to Petro.
The economy of Venezuela has failed to great extent. Despite having the largest petroleum reserve of the world, their President had failed the nation with few thousand percent of inflation rate. That is the reason why it is seeking options to get a solid ground. Noth8ng much to cheer as if now but if the Bolivar and the national crypto bank of Venezuela can help the economy to reduce the inflation rate, then it will be an interested and strong use case for the rest of the world! But looking at Maduro's history, the chances look grim! |
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I am sure not all HODL'ers are thinking the same way. Selling off a percentage of the holding and selling off the entire holing are two different events. While booking a certain percebtage of profit is a normal occurrence, selling off entire holding is not. The analysis doesn't show any such possibility. The truth is that market is bleeding and people are showing mixed reactions. But a true believer will never sell of their entire holding unless there is an emergency. We need our trust to bitcoin and focus more on spending it like a currency instead of just holding it if we want to see a better future for cryptos. |
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