I do agree with your conclusion.

I think this incident may be regarded as one of domestic violence caused by the husband. It can involve any kind or type of currency but it just so happened that BTC was the main currency involved. People and news anchors should not literally take it and understood it that violence is linked with BTC; and vice versa. It just so happened that what was involved was BTC and it could be any other currency and the news would be the same.

This is interesting- so even hardware wallets are not reliable in terms of securing your cryptocurrencies?

When I first joined this forum, I believed that hardware wallets are the so-called "fool proof" type of wallets where no one, except yourself, can have access to it. Perhaps some have already discovered a method in order to gain unauthorized access to these hardware wallets?

For exchanges, I am guilty of this since I keep most of my BTCs inside our local exchange due to the convenience it provides. Though I hope that I can somehow transfer my BTCs soon for its security.

No definitely. During the time of my gambling spree, I only betted the amount that I am willing to lose, which is around 20% of my current savings given by my father. Regardless of the result whether I profit or lose, I stop gambling once I spend the amount that I initially allocated for it.

Good for you OP since you managed to recover your winnings at the end of your game. But please be careful as these results can be two-sided. While you may experience winning most of the time, never discount the possibility of you losing more than what you have started.

Whoah, this is really absurd. I mean, it can be VERY misleading if a gambling website advocates that they require NO KYC but subsequently asks for it if you withdrew your funds. I do agree with this post- everyone should at least be reading the TOS of every gambling website even if it may take a relatively long time.

At the end of the day, the time you spent reading their TOS is far greater than the problem a person may experience if they decide to withdraw and discover that it requires KYC even if the gambling website promises that KYC is not needed.

Just a suggestion, I hope someone compiles all the important and essential provisions of each TOS of various gambling websites highlighting the provisions that need attention.

This is very interesting- thank you very much for sharing your thoughts on this scheme.

This is indeed a huge problem especially for majority of the betters on gambling websites. While I understand that having a designated group to bet on their behalf may sound beneficial to the both parties, the major downside is that they may be connected to a group of syndicates (like you mentioned) which can definitely affect your status and your account.

Like what I have mentioned before, if you receive an anonymous message/PM from someone randomly asking or requesting to take part on their scheme, better avoid it. Prevention is always better than cure- take all the necessary steps to avoid being involved on any kind of scheme.

I think this is a case-to-case basis depending on how your kind views gambling as a whole.

As someone who grew up with a father who frequently brings me to arenas of cockfightings, I was not that influenced when it comes to his gambling activities. Sure, I was curious at a point that I even tried gambling away my money during my time in the arena (I was underaged btw) but the habit of me gambling came from my personal decision not to delve deeper into this act.

At the end of the day, what matters is the influence and teachings you bestow upon your children. Though I do agree that it is best to gamble away from your kids, even if you do it by mistake, it is not the end of the road as you can correct this by guiding them all throughout their journey.

While I still recommend the use of an exchange if your country has one, for maximum security, it is still definitely better to have your own hardware wallet to store your cryptocurrencies.

The reason on why I still use an exchange to keep my BTCs is due to its convenience. Our country, the Philippines, has a designated local exchange in which the government recognizes. With this, I can easily convert my BTCs to our local currency in order to pay our bills, etc. The only catch is, the requirements for a person to access the exchange are tons of KYC documents (including bank statements and financials, etc.) in order to maximize its benefits.

While this may be the case, having a hardware wallet in order to store your funds for long-term investment is still the best solution and method up to this date.

I think this has to do with educating the public about cryptocurrencies as a whole. Perhaps majority of their population does not even know about the existence of BTC in the first place, which is why the demand to push for such change is aloof on the part of the government.

Though this may be the case, I do agree with your point that these countries must consider the potential and opportunities behind cryptocurrencies. Lots of people are missing out on learning about its concept which may be considered as a win-win situation for both.

I just hope that in the future, more countries would integrate cryptocurrencies on their financials and more countries would start to adapt it as an alternative payment method for their products/services.

Gambling has evolved ever since the COVID Pandemic hit. It diversified into other forms and it also tackled the online world where it proved that it can hold and be profitable in an online scale and environment. The beauty about online gambling is its simplicity and convenience- a person may opt to gamble at any place and at any time at their own convenience.

While others may enjoy gambling inside a casino, most enjoy gambling at their own leisure and space. I know some people who used to gamble in casinos shifted to an online setting given the innovations that was introduced all throughout.

With regard to breaking the addiction, I submit that it would be the same. The form may be different but it is still the same in its very essence- which is gambling.

I agree with your statement.

People who have experienced addiction in other forms are more prone to suffer addiction in gambling. Due to its nature, people are so inclined into chasing profits to the point that it ruins the whole experience for them. If you chase profits in an activity that is risky, then expect results to be inconsistent; though I strongly believe that if a person gambles more, the higher that he will experience losses than profits.

I just hope that if a person delves into the gambling world, he/she has the discipline in order to keep himself intact despite losses. Sure, winning is fun but if you experience rock bottom, then always remind yourself that this is only a temporary state.

Back when I used to gamble away my digital skins in CSGO, I find it fairly entertaining despite losing. I used to  bet online by watching teams compete against each other and when the team that I have betted on won, I will now receive my fair share of profit at the end.

But when I was losing, my goal of simply enjoying converted to a goal of profiting. That is time when my enjoyment ceased as I viewed gambling as an activity primarily for profit rather than enjoyment.

In conclusion, if you view gambling as an activity primarily for enjoyment, then the chance of a person enjoying it is high. But if you view it as a money-making venture, then expect results that may let you feel otherwise.

Another recommendation would be to utilize exchanges.

Generally, exchanges are a good way to store your cryptocurrencies TEMPORARILY given its simple and convenient nature. The only catch is, you have to transfer your funds on the very least given their history of being hacked across the internet.

Though this may be the case, I primarily store my BTCs in our local exchange in our country due to its convenience. I highly suggest that you consider and explore this option as you may be inclined into discovering features that you may find useful in the long run but remember that never store your BTCs in exchanges permanently.

As a law student, I have no means for a stable income. The only way I receive money is through my savings that are given to me by my parents every month. With this fact and along with my weekly campaign signature earnings, I save majority of my BTCs and use at least 10% of my monthly savings to be converted to BTCs in our local exchange.

While this kind of strategy is considered as a slow-burn method, it gets the job done given the circumstance that is available to me currently. Perhaps if I graduate two (2) years from now and I receive a monthly income, I would definitely consider adding another 10% of my monthly income to be totally designated to cryptocurrency HODL and long-term investments.

I agree with your statement.

The profit/loss that I have incurred during my whole gambling spree is relatively insignificant that I would had to pay some sort of tax for it to be demandable by the government. Sure, I have won $5-$20 at most and lost way more than what I have betted as a whole. The tax issue in gambling is something that I have overlooked, let alone that I neglected.

Maybe I was ignorant of that time or perhaps the enforceability of our laws is not strictly applied to the point that everything has to be reflected on our tax declarations.

Probably one of those casino features that I find tedious is the amount of KYC documents that they are asking. Sure, I understand that some gambling websites have to comply with statutory requirements enacted with their respective laws but it somehow defeats the purpose of having your personal information secured.

Another thing that I dislike is the lack of any UI that prevents any form of communication with your fellow players. While others my disagree with this system, having to discuss with other people makes everything both lively and interactive.

Well like most have mentioned, demos and free spins are entirely different from one another but they may intertwined with each other.

The problem with "free spins" is that their rates are absurdly low for one to receive any kind of reward. Sure, they are considered as "free" but the odds of a person really profiting from such is so low that many had doubts as to whether people can actually win on it. Maybe this is the reason on why you thought that these free spins are demo versions due to the fact that the chances of winning is low.

Though this may be the case, the greatest example that overthrows your theory is the experience of your friend. The fact that he won $15 from it is a testament that these free spins are not demos.

Since you just mentioned that you desire a "new beginning", then I guess you better start at the very first beginning. Starting from the start may not sound bad at all if you have poor fundamentals and understanding on how cryptocurrencies work in the first place. If you understand the basics, then you can slowly transition to topics that are complex.

At the outset, it may sound too tedious but in hindsight you would understand on why this process is better than making shortcuts. Every expert on a certain field was once a beginner- make this your mindset and you will definitely feel your journey to be fruitful.

I somehow understand the people who sold their BTCs for a handful of relatively cheaper items (e.g. pizza, iPhones, etc.) given the state and nature of BTC during that time. But with all the recent developments, news, and breakthroughs that BTC had evolved, people should consider its potential and opportunity in HODLing it for long-term.

At this time, it is highly recommended for people to HODL and at least invest it for either short or long-term. Given its price history index, that is proof that the trend of the price is to increase especially during forks.

This is really informative to hear. At least RollBit kept their promise to deliver an exceptionally well-handled customer service support system. Though there may have been issues, this is proof that they are willing to fix and resolve any issues to preserve their name in the online gambling industry.

This should be a prime example to anyone who plans on creating their own online gambling website. Sure, you may consider high bonuses and rewards to your players but providing a seamless customer service support system is as much as important to the rewards you may provide.

There has been a study that the Martingale Strategy does not really work on the end. In fact, it can only be profitable if you win on your first bets but if it gets out of hand to the point that a losing-streak is inevitable, then it other strategies are better.

I agree with you- people are prone to losing in a gambling game the more they play in the process. This is the reason on why if a person experiences a profit on their gambling activity, even if it were the first game, they should definitely cash out and call it a day.