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

When we gamble what we are looking after or expecting is money which is [profit] and when buy bitcoin and invest what we are looking after is [profit] and when you so many people they skip bitcoin investment to gamble and some uses very big amount of money to gamble whereas the same amount of money will achieve some fraction in bitcoin investment. So I come with this question to know the thing between this option or words I presented the one that done you more harm, if bitcoin  has done you more harm during the times you invested in bitcoin you can tell the public and if gambling has done you more harm by losing in gambling frequently you can also tell the public.

But for me I think gambling is the one that done people more harm than bitcoins investment, because almost every day people gamble with different platforms but its few of people that invest in a day or weekly, I will like us to discuss these.

Anyone can do this if they don't mind getting into trouble one day.  If the government bans cryptocurrency and implements a law that everyone who participated in it can be arrested, then I do not think it is worth the risk of participating in Bitcoin trades because it is labeled illegal.  I won't compromise my own safety just because I believe in something that is not acceptable by the law.  Whether we participate in Bitcoin activities or not, we can still survive.  It is not a matter of life and death that we have to gamble our own safety and freedom.  It is not wise to exchange freedom for another that is a much greater freedom.

The current price of 1 BAT token is INR 14.65, in 2021 when the bull run was happening it was INR 132 approximately. They stopped BAT rewards sometime in 2021 before the bull runs. It was better than what it is now, I used to earn somewhere around INR 1000 or more using three browsers in every 2 months time. At the moment it would be very hard to make that kind of money in that timeline. You would need more than 10 browsers to earn a small amount of INR 1000 in just 2 months' time. When the next bull run comes the value of BAT should increase and at that time I am sure a lot of users will use the same trick to earn those tokens.

This has been discussed way too much and I believe there is actually no point in doing that at all because someone would barely change their mind by solely reading such posts or anything and they will still have the same mindset that they've always had. You might school someone regarding gambling and tell them what they should and what they shouldn't do when gambling but at the end of the day, they will just do what they think is the right thing for them.

People don't go by facts or experiences of others but they want to experience it themselves in order to learn, and sometimes, they don't learn even from their own experiences because you may see a gambler lose some money one day and you will see them gambling again the next day without any regrets.

There are some gamblers who come to know about their addiction to gambling even after a long time. There are many people who do not understand the addiction even after gambling for a long time. Gambling has negative effects mainly for those who do not understand the addiction. There are some gamblers who take a break from gambling temporarily when they lose their money and become active again after managing their money. Those who are able to understand them as addicts should share their gambling thought with someone they trust so that he can give him good suggestions to recover from his addiction.

One of the biggest issues that I find is that Bitcoin seems to boring of a topic for most people...technology, money, socio-economic issues...
So for the past year and a half I've been working on this piece of art that turned into a newbie-friendly, fun and colorful mini movie,
that takes you through the roller coaster ride of bitcoin's 13-year history


https://youtu.be/Fvt1Ma1Nep4

I hope you enjoy it, and please help spread the word!

Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

The Banks are continuously improving their service with offering that are more user-friendly and easy to use. One example of this are "Contactless Card Payments" where you tap your card for small purchases.

The scammers have figured out how to use that service to their advantage... by simply tapping it continuously (if it is not limited) and if it requires a pin... by watching you and following you after you have made a purchase. (They then take your card by force and physically tap it until your account are empty)

They also use card skimming devices to "clone" your card and use pin hole cameras to capture your pin while you are typing it. They can even bump into you with a device that will initiate a small purchase from your card that can "tap" 

Your credit card are constantly under attack, when you use it online and your Banking Apps are making you a target, because they only need access to you to force you to enter your pin... then they can change daily limits and transfer as much money as they like. (Local criminal syndicates work with Bank employees to identify potential targets.)

So, I was thinking... How can Bitcoin be better? Can we find better solutions for these attacks and will these solutions still give us ease of use? (No complexity but still user-friendly)

Share your experience with these Banking problems and give possible solutions for this, because we will draw a lot of people to Bitcoin, if we find innovative solutions to problems like this.