There are also casinos where you do not have to pay taxes. I don't know about whether the casino has to pay taxes, but then it wouldn't be too good for the economy. Online earnings often disappear on offshore accounts. Then the government gets it all wrong.
Casinos pay big taxes I think, any gambling establishment has a higher tax rate compared to a normal business establishment. Also, it's not the clients responsibility to pay taxes, they are clients and it should be automatically deducted and if in terms of wins, I think it only applies to lotteries. Offshore accounts are easy to trace, you just need to have a dedicated team to hunt them and countries that offer them are getting fewer each year.
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I don't know about number one, seems a little fictional to ever really happen, just one day of winning streak in gambling and you're already rich? I think there's a certain amount of money you should have before being considered a rich person. Third seems more likely to happen to anyone and the second one I think doesn't exist.
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You can stake your bitcoins at freebitco.in.
Any amount bigger than 30k sats gets paid daily from the annual rate of %4
Thank you for this, been meaning to find some way to have my bitcoin make more profit while at the same time hodling it. Had to cash out some since I need to spend some of it for necessities although, I will still have enough to stake in there.
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Is Gambling prohibited in Islam?
How many people in Saudi Arabia are not Islam? How many of them will break rules of their religion by gambling?
I think that it's haram for the religion but I think that they must have some reservations to allow gambling in their country. Maybe the interest of the government and the religion is met and satisfied by the supposed gambling to which caused them to be allowed to operate. I think that a lot of people are breaking the laws in their religion, pretty sure about that, it's just that no one wants to admit that because they know the punishment especially Muslims.
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Why people even cares about Elon in crypto? He is not a developer even
Because he has influence and influence can move markets, remember when he said that bitcoin is bad for the environment or something like that? The prices plummeted at that time because he tweeted about it. That's why people still care about Elon and the likes, their influence can affect their profits in the future.
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I can see at a glance that the photo attached is a little unclear. That's the transportation used which is generally used by local not foreign transportation, at least he uses We accept cryptocurrency in Hindi not English unless he aims at foreigners so he uses English. so I'm a little doubtful and don't believe that they accept cryptocurrency as a means of transportation payment.
Why the hell would that driver put that sign if he doesn't accept cryptocurrency, what logic is that? Even if it's not in Hindi, pretty sure that a lot of Indians can understand those simple sentence and if not, people can always ask what's in the sign. Although, it still depends on the crypto their accepting, there's a lot of it and I am sure that not a lot of people will pay in crypto for transportation.
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basically we all have the opportunity to get rich, sometimes we throw away every opportunity that exists, we can't take advantage of all the opportunities that have come to us, maybe people who have been playing bitcoin from the start, they are now rich, sometimes there are some of them who fell into poverty again, because they lost in gambling..
Not everyone, are you so out of touch and privileged that you didn't think your reply through? If everyone has an opportunity to get rich, then how come there are people dying of hunger in some parts in different continents like Africa, Asia and impoverished parts of Europe and Americas? This world has been unfair from the start, it's not the world though, it's the people that made it feel that the world is unfair. I don't exactly think that bitcoin increased or improve the wealth quality, probably made just another means to make money.
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I don't think that we can't do that, as @Obito have pointed out, they've made a countermeasure against this kind of scenario/situation so there's no possibility that someone can do that, even if you try to bypass it, you can only buy and sell in that location but you can't take it out into your country.
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Thanks for this one and to everyone who answered the thread. Off topic a bit but I think that OP(Reddit) must have those IP porn searches probably locally, meaning that either OP is the one who searches those or someone is secretly connected to their Internet.
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Why do you think a fixed supply cap is better?
Because with a fixed supply cap, we don't have to worry about the price of the coin going down, with a limited supply and close to infinite demand, we will see a high price for each of the coins in the supply because it's limited and it's getting scarce each day. An increase in supply cap is going to make the prices go down since there's a lot for many to go around.
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One of the people in my group chat sent another link of something suspicious, I hope that someone can give me the answer if this is a legitimate service, I don't exactly know how it works but it has something to do with the Internet data of your phone. This is the link to that site, I didn't check it myself becauss there's probably something shady. https://r.honeygain.me
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~
If you have a passion for trading and can read the current cycle of the bitcoin price when it will go up and when it will go down, you are very good at trading, but if you don't read and predict market prices, just hold on and make a profit later on. because many people have been successful through patience before for not selling at the old price and selling at the current price. Trading isn't necessarily an art, passion isn't enough to trade, just willingness to trade is enough to keep you going, it's difficult to read the cycles in the market because of volatility but it's doable and yes it will help you if you can get a small margin of error in your reads. Patience is a big help but it's not useful for traders who banks on short-term fluctuations in the market.
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Thanks for that explanation. Alright. What's up with the 999.86250 when I bought 1000 worth? And it's always like that.
I think that's how it works, it's much more expensive to buy the equivalent than to sell the same equivalent value in crypto. And the market is continuously changing and moving so there's fluctuations that you will experience, if it was automated, what you bought is what you're going to get because automation is much faster than a human reaction.
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What the president said is true though, there's no reason for them to oppose bitcoin adoption, since bitcoin surely has many advantages that can help the country. Even if there will surely be some minor problems, but if the country is ready and want to adopt it, they will make sure to prevent any trouble heading and prepare the best for it right? It's good enough if the country shows an interest in bitcoin adoption, if then the plan is carried out, then it will be a great step for bitcoin acceptance in the world.
That's because we are biased towards bitcoin remember that the economy and bitcoin isn't linear that if we were to add two and two together, we will experience prosperity. No, that's not how that works, there might be some aspects in the economy that might be destroyed when bitcoin gets adopted, so not all countries share the same sentiment as the Argentine president.
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Once upon a time people didn't know what bitcoin was. But now Bitcoin has become so popular that everyone is becoming a fan of this Bitcoin. If you look at the attack, you can see that the price of Bitcoin was much lower at one time At that time its popularity was much less. As the days go by, the popularity of Bitcoin is increasing and at the same time its price is increasing a lot.Bitcoin will be very expensive in the future and will be very popular with people.
That's because of Keynesian Beauty Contest, when something is trending or is popular among the public, it will be worth more and it will increase in value because coupled with the trend, the price goes up since there's a big demand for it. That's why stockbroker and crypto traders watch news, because they want to see what's on the trend and they want to know about it before anyone else because getting late could mean a million dollars loss to some of them.
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I don't know if an industrial or a space mission scale of a quantum computer is going to be commercially available for that span of time, yes it's possible that it will be available but I don't think it will be the end for crypto because I am sure that most commercially available is probably going to overheat really fast. Plus, quantum computers are so sensitive and they're the size of a room so it's still impossible to see it really commercially available, maybe a rich person can afford one.
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Hoarding Bitcoin is better than hoarding fiat that is losing value over time. Fiat has a big inflated which is harming your earnings in the long term but Bitcoin does not have as much inflation and is rising in price in the future why would you not want to hoard something that is going up in price all the time?
Totally agree, and financial advisers are likely to discourage that too because they know that inflation renders money worthless if you don't circulate it in the economy and it also contributes to the increase rate of inflation. Also, hoarding is difficult right now because by definition, hoarding means that you have a lot of something kept and not spent and it's hard to even get to the 0.01 of bitcoin so I don't think that it's called hoarding.
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Bitcoin reached 1 Trillion market cap earlier this year which is enough to show that how big the market is and now again the market is soaring up with sudden and unexpected recovery after the amazon acceptance rumour, hopefully the price will reach its next resistance phase from $30K to atleast 40K this time.
It doesn't prove anything, yes it reached the trillion marketcap but it can still go down significantly too. Remember that bitcoin is a volatile asset so a trillion marketcap isn't anything to be celebrated too much unless it's a milestone and it can stay there for a really long time. I think crypto is still at an early adoption stage in terms of people that haven't known of it yet, it's a matter of perspective.
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Are there any gift card sellers in the Philippines, I only saw in the OP, US and CA so I was curious if there's one available in my country. Hopefully, a Steam Gift Card or an Amazon can at least be available, don't really want to get out of my house to buy Steam gift cards due to pandemic.
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You're new you say? Why start trading? I think you will only suffer losses, better if you learn something first and practicing trading before anything else. Trading isn't easy and a lot of newbie like you got cocky too and they paid the price in the end.
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