It's not always too late to invest in bitcoins, if you have ever miss any Bitcoin bull run or you have heard about the bitcoins bull run and you are excited to take actions, my simple advice is, calm the pressure. This advice is driven from the view point of the economy struggles of many, avoid over thinking , work hard to earn money and diversify your investment. Most persons in the crypto space are dying in the inside because they do not have money to invest due to their present circumstance. If you do not have money to invest now, please ease the pressure, you may have more than enough to invest in the future. Calm the pressure my dear friends, don't borrow money, I repeat, don't borrow money to invest on Cryptocurrency, because it is a volatile asset. Life is about risk which you have heard  countless times but it will be unwise to take loan to buy bitcoins.

It's not fake and he has the right to dream to win big. There is nothing wrong about that.
The only problem is that he should understand that his chances of winning the jackpot will always remain the same as long as he participate s in the lotteries every now and then.
Yoy need to use maths and probabilities to explain the maths to him.

Okay. I got it. Thanks to everyone who answered my question. Freebitcoin gives good bonuses for holding FUN tokens, but for that I have to transfer them to the casino site. Too bad there is no option for users to connect their Metamask wallet. I don't like the idea of depositing FUN on freebitcoin because I don't want to hold my funds on centralized resources.

I heard about Bitcoin from a friend in the year 2013 when I just got admitted to college. I took  little interest in it, but I was unwilling to purchase it with my funds because it was not very popular then and I lacked much business mindset. I even got more discouraged owing to the fact that many ponzi schemes were present and I couldn't differentiate the bad from the good. To be honest, I  saw it as a liability, instead of an asset that it was. I later reluctantly purchased $230 worth of Bitcoin around May 2014 after much persuasion from my friend and seeing that the price was fast rising. The fall of 2015 shook me to my bones and I lost hope again because I lost so much funds. Depressed at the loss I've incurred and without much knowledge on HODLing my coins and the possibility of it experiencing an upward trend, I sold off all my coins, hated anything concerning crypto and swore never to get involved again. The bull run of 2019 -2020 happened under my watch, but I still kept my grudge which had then developed into fear that I will still loose my funds again. I have friends whom gained from the trend and became really wealthy while I was locked up in my pessimistic mindset. As I was introduced to this forum, I was able to see that Bitcoin held much more prospects then I ever thought and would ever believe. My convinctions are now positive and I'll be investing again. I wouldn't want to be left out for the third time. Bitcoin here I come!!!.

I am a high school student. I learned about Bitcoin, but it's too late. I was so young. Because I was 4 years old in 2009. But as history tells us, bitcoin killer will emerge one day. I want to find out such coin, but I don't have enought knowledge and ability to do that.. I want to ask the smart people here. Is there a coin that is similar to Bitcoin now? something that is perfectly decentralized. I want to invest there. If there's a coin you're making, is fine too. Just let me know. I hope this post becomes a legend.

When you buy, you always think of the possibility that when you wake up tomorrow you'll see your number on the papers. My old pa does it all the time to this day.

Nothing beats HOPE. It's the only thing that keeps the poor old 65-year-old man from buying tickets in hopes that he might save all the rest of his family from the hell hole we've been in all our lives. We wouldn't want to kill his dream of winning and it's almost like a habit of the old man to buy tickets, even allocate a few funds for it.

You make it sounds as if education was not good enough to face the problem of not wanting your kids to get into the gambling world.
We should not underestimate what a small lesson about Math , statistics and the laws of game can do, so anyone is aware on the actual chances of getting money out a casino.

Kids are more intelligent than people think. So if one has a 8-10 year old son, it would be advisable to start to talk to them about chances, it is simple enough, one can use a coin or a dice to start. In most universities where science and engineering is taught, those are recurrent subjects anyways (more complex, of course).

360 days to have access to 8 daily WoF spins. I don't know what those levels mean. I'm level 7 here and it's already maxed... If you want to have access to 8 daily spins faster, you have to reach the further tiers of premium program by holding more FUN.

While watching TV with my kid, I've watched various advertisements of gambling nature (let's say for example, Rummy123, RummyCircle, A23 Rummy, etc.)
These are all specifically Indian ads, but I'm sure you may have seen various gambling advertisements, some banners at boundaries when cricket is ongoing, even in any other sport. How would a kid ignore those things, they might just come and ask you about what is it. Till when can we lie to them? Don't you think that the frequency of such ads must be less in order to let the kids not get trapped into gambling and don't do it at such a small age?

I recently came across this news on Economic times. All global CEX have been or are being requested to share their user database to the government of India. Every major CEX has made it mandatory for its users to pass KYC, it will be easy for them to collate the data and share it with India. India took this responsibility as it had the Presidency of the G20 summit 2023.

The problem that India will face is that these exchanges are based in countries that are tax heaven, those exchanges cannot be forced to share the data. India has time till March 2024 to come up with the database before the next G20 summit in 2024. Once the database is created it will be shared with the G21 group to fight against crime commited using cryptocurrency.

What do you think will be the impact of this database to the Indian community that are using International centralized exchanges?

Thanks.

I made a mistake of getting paid for signature campaign in gambling platform accounts.
When I got my payment, I thought I would slowly increase the amount by about 5-10% before I initiate a withdrawal. But I quickly lost control of my emotions and ended up blowing the entire balance of my account. This happened more than once, it happened about 5 times as I received money from different sources.
It’s important for me to tell this story so that others don’t make the same mistake I did. This has been a huge life lesson in managing money and emotional self-discipline .

Can you tell exactly how much you gain money after four hours of Auto bet, and by putting per bet at 5 satoshi ? Also, what is your strategy for this? Do you double the bet on every loss and once you win, you will be back to 5 satoshi per bet ?

I tried this game with the setting i just mentioned above, but even after few hours of play, i either lose all my money or i end up in break even, not losing and not winning much at the end of the day.

I run autobet everyday for 3-4 hours, with same strategy. That last time when I lose it all it was my fault. I was little late for that promo( 1 hour left to claim) . So I put 25 satoshi per bet instead of 5 satoshi. That’s why I lose all.

That is why I made that smiley at the end, nobody would share a winning strategy if there was one, and those sharing those strategies on youtube don't make their money from the strategies they share, but from ads and the people watching their videos.

Aren't you contradicting yourself when you first correctly say that it is all pure luck and then at the end you say that the wise ones identify and rectify their mistakes? Something doesn't add up here...

Assuming we go through the legal way, as in you use a crypto casino to play and earn some profits then transfer the winning amount to an Indian exchange. You then convert your winning to INR. The taxable amount after the TDS deduction would be nil as it does not fall under capital gain if you did the conversion on the same day. You won't be paying 30 percent tax as per your earnings as it does not show you made a profit. The government cannot go after International crypto casinos that are based on a foreign soli regardless of you being a verified KYC user.

The law only applies to those individuals who are using local casinos with fiat money. This is not quantum computing or something out of logic to understand. This is a simple loophole in which the Indian government cannot do anything. Unless they come up with a law that forces a user to verify their personal wallet. Why I talked about the personal wallet is for you to understand.

Is it only on the winnings?
One of my friends earlier told me that they rolled out something like we will be taxed even on our deposits no matter if we win anything or not, he said that this is to reduce the use of apps like Dream11 and all. Btw, I'd also like to mention that they got a notice of ₹25,000 crores for tax evasion and are 1 of the 12 companies to whom the notices were sent, totalling it over ₹55,000 crores.

If things will go this way, no wonder people will do their best to fly away from the country thinking that everything is being tightened up just to let the poor remain poor or become poorer, and the riches become richer as hell. 

Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

This is good because you can indirectly limit and control the gambling activities that you have carried out because most of the gamblers out there still find it difficult to stop gambling when they lose and they are more likely to choose to continue playing or betting in the hope of catching up on their losses.
When you can stop easily to rest then you have become a great gambler and not all gamblers can be like you.

Moreover taking a break when you experience defeat can make you calmer easier to control your emotions and of course you can come back again in the future full of confidence.

Stopping to repeat mistakes in gambling is easier said than done. I guess everyone knows some of these spectacular poker hands at the WSOP. That's a great example because most of the time the winner was someone who made a good number of mistakes. There are some of the wildest hands only because someone made a mistake almost knowingly and everybody else knew it as well. Jamie Gold is one of those guys who played really bad in so many situations and yet being the winner was the result. In the end these games all involve luck and you can play perfect poker, make all the moves that everybody thinks are right and yet the chance to win a huge tournament are so damn little. Imagine you play 10 hands in the showdown with a 90:10 chance. If you were to go for these 10 showdowns, the chances are quite high to lose it.

I think in a casino it is really much less about strategy, but I don't know too much about it. Though when I think about roulette, the best chance I can get is a little below 50% of winning per round. There are lots of videos on youtube with special tactics and how they get debunked because it's just not true unless some illegal stuff is applied. If anyone here knows a strategy with guaranteed profit, feel free to share it