"Can I take a loan to invest in bitcoin" this question was asked by a friend
My reply to her is this:
It is generally not advisable to take out a loan to purchase Bitcoin or any other cryptocurrency. Cryptocurrency markets are highly volatile and the value of a particular coin can fluctuate greatly in a short period of time. This means that the value of the coin you purchase with a loan could drop, making it difficult to repay the loan. It is important to do your own research and make sure you understand the risks before investing in any financial product, including Bitcoin.
What is your advice?
Yeah, no. It's definitely not advisable to take out a loan for this sort of speculation and no responsible loan company out there would let you borrow money for this. At the end of the day, you would just be gambling with their money but if it went wrong then they would be the ones to lose out as you might decide to go bankrupt instead of paying it back. Loan companies, whether they are banks or other financial institutions, are definitely not charitable with their money like that. It is not something like borrowing money for a car, where they might be able to secure it against an asset which is unlikely to substantially drop in value or they'll be able to retrieve at least a portion of the money back. |
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Today morning received the weeks payment. I had the payment of the previous week. Altogether it was around 0.0055 in the wallet. The first bet was planned to be 0.0005 BTC. Instead of placing 0.0005 BTC, I misplaced 0.005 BTC and the bet was lost. This was completely unexpected and it is my fault. If the bet have won my wallet balance could've turned 0.007 BTC, now it is an empty wallet. Have any of you encountered such wrong bets and won/lost  Definitely, it's one of the pitfalls that you will find with gambling over time and it happens to everyone who places enough bets down. Rushing in to secure what you think is a great bargain promo offer is another trick that gambling companies use, they might use some rather strategic wording in a promotion advert and without thinking you hop to place a bet - then realize that you might have mistaken a shots taken with a shots on target bet. The only thing you can really do is learn to take a few seconds to re-evaluate every bet before submitting and be sure that everything is entered correctly. Maybe it's harder to spot in those denominations you used, do you have the ability to switch it to an altcoin which might make spotting them easier in future? |
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The owner of the social media platform Twitter said during his conference on March 7 Here, that he is optimistic for his company becoming cashflow positive. Although he didn't directly stated that he won't be integrating crypto currency, he wants his social media platform to offer powerful finance system that is more superior than PayPal. On his interview last year, he said that he slowly shifted his focus from crypto to AI, and stated that blockchain based twitter isn't possible. Due to his inconsistent behavior and doing things on a whim, we are left here thinking what crazy things he will do next. As previously, he was the one hyping about cryptocurrencies including Bitcoin, Doge, and SHIB. I don't understand how you make the leap from Twitter being cashflow positive to how it could suddenly jump up to being a huge financial company? It makes no sense. It's much more likely that Apple, Amazon, Google or Microsoft would be able to make this sort of change as they have much wider spanning technology behind them and are vastly bigger companies. Elon paid $44 billion for Twitter, it's probably lost half that value since purchase and is a tiny fraction of the worth of these other companies. Not to mention, banks rely on trust and his erratic style of management is completely the opposite of where people would want to store their hard earned money. |
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Something caught my attention lately and I haven't been able to shake it out of my mind. It is this topic, but I don't know if it has been discussed here. It concerns gambling advertising and its impact on gambling addiction. Here's my take: It is rather common to have ads pop up without warning on ones smart phone, tvs, but mostly when using apps and visiting sites that require ad permission before it functions properly. Have you for once ever stopped to observe the kind of ads that pop up? I did some shallow digging and found others who shared same concern. Here's a snippet: 'The prominence of gambling ads in the media are an issue for many reasons, including the fact that these ads target people who are most vulnerable to gambling ads. For example, people who show interest in gambling-related topics, such as sports, are more likely to be targeted with ads about sports betting.
Studies have also shown that people with gambling problems report more exposure and impact from gambling advertising. Once a player places a bet online, betting companies collect the player’s activity data, and tailor their offers to the specific player. '
From my own screen observation, I have had more frequency of ads on gambling online, casino gambling, sports betting and the likes pop up more than I can count. Literally everytime I try to download movies or even apps, mostly some apps that use crypto exchanges for payments, these ads just pop up until I perform my instant magic of refreshing and canceling before they stop. The gambling adverts and mouth watering bonuses even run on tv commercials too. For someone who has stopped gambling or undergoing the process to quit gambling, perhaps for bad reasons of sure, these ads that pop up about gambling and their bonuses, is a big trigger with the urge to gamble on without a damn for quitting. *How does someone who intends to stop gambling control these ads or stop them from popping up or seeing it on tv? It's true and slightly disturbing how prevalent gambling can be in certain fixtures, but educating people about the dangers and reality of gambling is probably a better solution than trying to block it outright. Financial literacy and understanding the sheer mathematical odds that are against you, along with the endless reviews of losing players out their on the internet should be enough to warn people away from them. Some people can gamble responsibly without falling into a reoccurring trap, making those adverts nothing more than pretty pictures that benefits some kind of sports club or TV station in the form of revenue. More effort could perhaps be made to advertise responsible gambling alongside the adverts however. |
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This news came on money control from India where finance minister has launched new rule under which every crypto exchange is asked to keep track of users and if there is any suspicious activity then it must be reported to the authorities. But what's new in this? The news states that there are some harsh regulations and sections which notes that, exchangers are required to report if they also suspect any sort of money laundering that is underway. I am really not sure how this can be tracked successfully and also whether any exchanger would ever open up like this considering they will also get tangled up in the court room if the money laundering was happening on their exchanger. The sections that are mentioned will most deal with strict KYC compliance, anti money laundering practices and due diligence as per the banking system. More or less these are the rules which are dragging crypto currencies into harsh regulations and indirectly they are called for regulated crypto ecosystem. The finance ministry has notified that crypto or virtual asset businesses will now be in the ambit of the Prevention of Money Laundering Act, 2002 (PMLA) and Indian crypto exchanges will have to report suspicious activity to the Financial Intelligence Unit India (FIU-IND).
"Participation in and provision of financial services related to an issuer’s offer and sale of a virtual digital asset... For the purposes of this notification 'virtual digital asset' shall have the same meaning assigned to it in Clause (47A) of Section 2 of the Income-Tax Act, 1961 (43 of 1961)," said a gazette paper of issued by the Government of India.
What does it mean?
Sharat Chandra, Co-Founder India Blockchain Forum said that this notification is a great step towards compliance. "It mandates entities dealing in crypto to follow KYC, anti-money laundering regulations and due diligence as followed by banking and other financial entities which fall under the classification of reporting entities under PMLA," he said.
"Slowly but surely, we are moving towards a regulated crypto ecosystem! Entities such as CoinDCX are now required by law to conduct due diligence and enhanced due diligence under the PMLA," said Sumit Gupta, Co-Founder and CEO of CoinDCX, a crypto exchange. It's a bit odd, because most people view cryptocurrency in one of two ways, either 1) it is an asset they buy (with money from external sources like a credit card or bank account) with the aim to hold and sell to someone else at a higher price (cashing out via a traditional bank) or 2) they are using it as a functional currency, the original intention behind Bitcoin, which like a normal currency can require "foreign exchange" to convert it into the local currency that you use for daily costs. Unless you are living at the super rich end of society, because you have some vast amount of Bitcoin, then there is simply not infrastructure like shops available to live off Bitcoin entirely - you will interact with traditional banking solutions somewhere along the line. |
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Hi there, I'm part of a team developing a crypto/blockchain game that has big $$ prize potential. I'm doing some research and hoping this community can help. If you guys have any insight/thoughts on the following questions please share them. We are really trying to build something that is enjoyable for the crypto gaming/gambling community. - What are some current pain points in the crypto gaming/gambling space for players? - What would you like to see? - What makes one game fun to play -- more so than other competitors that have similar games (ex: why you enjoy playing crypto poker on X site rather than site A)? - Who are some absolute Degens in the space? - Aside from BitcoinTalk (this forum) where else do you get your news that you trust (which newsletters, sites, which Youtubers, any twitter accounts)? We just want to build this game the right way that players actually enjoy playing in addition to potential of winning big....  Thanks all. It would be interesting to know what sort of game you're creating to give some feedback or ideas. Is it some type of arcade game? One of the many variations of slots that will probably struggle to be original? Is it a dice game? Considering there is a huge industry built up around gambling already, you can bet a lot of research has already taken place into "pain points" and getting them to an absolute minimum for players. Reducing the amount of clicks required to deposit and jump into a game would be the major one. Not sure why you'd bother with degenerates, it seems to conflict with your next point which is sources of trust. A game that gets the heart racing can sometimes become quite addictive, so you could try that.. |
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if you are not the house, and have full control you cannot win. and you would also loss everything.
the 1933 incident tell me only one lesson, the reason president potus going full crack down on gold bars and gold certificate is all due to the government want to have control over the gold, by confiscating every gold bars they can have the control over the gold, also the control price of the gold, by having the control, the government can be the house of this gold market, price and the volume. Yes just three element they want to control to be the house, price, volume and the market, market is also called the buyer and seller, or called it bidder and asker market. Did the governemnt suceed in controlling the gold market to date? They seem to be having some success, but the gold is always unregulatable. Government confiscate gold bars is a certainty, unlike value investing which is a made up intellectual assumption and a lie.
what about the warren buffett always sing about his philosophy of value investing wherever he goes? A lot of young people on the /biz follow his books and some of them invest his life saving many of them even take out home loan to invest based on his value investing philosophy, some of the kill himself over the loss?
well in my opinion, warren buffett is a senile old man, and irresposible with his political views, he is politician in nature. For his value investing student, they become the victim of natural selection, by foolishly listen to a well known oracle of the omaha, they ended up commit a sin of crime without a victim but themselve to be blamed, they kill themselves over the loss and become part of a statistic to the eduacted one, despite many have been killed it would not changed the warren buffett opinion on his irresponsible advices.
Lastly why are the SEC now cracking down heavily on the cryptocurrency? in my opinion, the SEC is trying to capture as many control as possible, they can't allow the cryptocurrency to be completely free of restriction. the SEC want to be the house in this cryptocurrency, by being the house in cryptocurrency they can always win, there really isn't much lesson to be learnt, it is whether you are the house and you always win, or you believe in value investing and thinking it is truth like the religion, and loss your life saving.
but how about the many young people who follow the value investing advices and end up losing everything and some took it to themselves and end their own life? they are good and decent people who follow rules obediently but they end up having to kill themselves? idk I didn't create this society, I am unable to change this world, but the very little I can do is try to educate people on what is absolutelt wrong about this world, and I try not to be keep all to myself, and share as much as I could, so some can be saved, although many would still fall victim.
It some ways, I thank you because these sort of bad warnings and misguided opinions make it easier to find bargains in the market. Anyone who has been investing sensibly for some time will see that prices fluctuate for a company based on very little but random whims. If a share regularly trades between $1 and $2 dollars, maybe over the span of several years, then it obviously makes sense to buy in at $1 to sell it at $1.5 or $2. There is often little rationale in these movements, but I've seen it occur many times over the last few years. It is still alive and well, but don't for a minute think you can rush in and identify these assets without any losses, like anything - buying stocks is an art and sometimes you will rack up failures on the way. |
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my question is ,
when we play gambling online in casino , we always bust our account , many new comers completely blow their account every time they deposit ,
the gambling site owner's earn money by the commission which it takes 1% or less on every bet made by user , when blowing accounts where all money goes, in casino's pocket or where ,
and the question that the losed money will go to other player's pocket who wins big but the winning players are very less,
i think many are losing in gambling and the casino sites are hugely profiting from us ,
do you think that is the case .
Where else would it go, except to the gambling company? They're not a charity funneling it to orphanages and animal shelters. When you place a bet, of any kind, at these casinos or bookmakers, you are challenging them that either your a) intelligence in predicting the outcome of an event is better than theirs. b) suggesting they have made a mispricing error on some odds or c) prepared to blindly gamble knowing the odds that apply in which case are statistically against you. There are no long term winning players at a casinos, except the infinitely rare ones that get unbelievably lucky and are probably not regular gamblers, who make a big payout and walk away. Extreme wins are probably less than 10 a year and you have better odds playing the lottery. People are naturally greedy and want shortcuts to riches, these gambling companies just satisfy that trait. |
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The concept of bitcoin mass adoption growing 50% by the year 2025 is quite a staggering projection. According to poll data the middle east could be the region with the highest crypto mass adoption growth. I wonder if it could be related to prohibitions of islamic banking and finance?: https://en.wikipedia.org/wiki/Islamic_banking_and_financeThe poll claims europe the united states and other nations of the world are also expected to exhibit high rates of cryptocurrency mass adoption growth over the next few years. South america is an exceptions with major residents in those regions preferring to use gold or silver coins rather than electronic means of exchange. This trend helps to explain why el salvador has had difficulty achieving higher rates of bitcoin mass adoption. Unfortunately, I could not find a sample size for how many poll responders there were. I like that they acknowledge crypto's role as a cross border means of exchange, not only for consumers but in some cases with large institutions like banks: It is reported that using stablecoins for cross-border payments is 80% less expensive than traditional payment methods. How do people envision the future of crypto mass adoption, outside of this poll? Newsflash: People that have a business model revolving around cryptocurrency and are heavy in to Bitcoin, promote more Bitcoin adoption in future. It's kind of laughable to claim that a Bitcoin transition will make payments faster - banks can move money around almost instantaneously already and depending on the country you live in, will offer this ability for free too. It's not ground breaking and is no reason for it to receive more usage. The only major benefit that really exists with Bitcoin is cutting out middle men, both across borders and at various banking layers, for countries where the consumer is still getting overcharged. Foreign exchange fees are also more negotiable and it's overseas workers sending money home via remittances who will benefit the most from these things. |
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No one's talking about the fallen hero?
Especially that of 5th March, which has left so many utterly surprised, how man u which was known for its so many wins could lose to Liverpool with such striking goals is something to recheck.
Did anyone bet on their win?
I personally did though I didn't monetize it, so no lose.
These upsets happen occasionally and help to keep the game interesting, you still don't expect such large defeats at the very top of the table between the two traditional rivals. The captain did seem to handle it really badly and was giving up when he should have continued fighting - a very bad impression to give to other players on the team, he was even trying to get substituted at one point it seemed. I actually had a multi bet open on this game but with goals under 4.5, everything else on the bet was successful except for the goals reaching 7. I wonder whether Man United will strike back against Southampton with a vengeance on the weekend or continue a fall from grace. |
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Well, I have to clarify that personally I have never had any loan or debt in my life so this thread has nothing to do with my experience but intends to find out how people in loan/debt deal with the problem. Let's say you take loans from a bank and sometimes for whatever reason, you can not pay the debt on time, then you borrow money from other channels. Sure this works for a certain period but later bad things may happen, you have to postpone the payment and struggle with finances again. Isn't this a vicious circle ? How would you deal with the problem ? I am all ears.
I would say people are less "addicted" and more trapped in the cycle as you said. The kind of people that take out debt, beyond a cheap mortgage rate, are the kind of people who would rather spend money now and worry about the consequences later. Living within your means when the celeb culture and world is constantly trying to sell stuff to you can be hard to do. On top of that people often get on a rollercoaster that they cannot get back off, rolling debt into new debt while interest rates can tend to creep up and instead of paying the debt you end up just paying off the interest. If it's a credit card they can often charge extortionate rates like 20% per year, it's very dangerous territory if you don't pay them off immediately and often the poorest suffer most because of this. |
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Finding best casino is very hard for me
I want to play with small amount but i am not getting a best casino
requirements:
1. minimum withdraw amount should be less than 10$ or 10$
2. no wager requirement before withdrawing
2. no min deposit amount
4. provably fair or live casino
Frankly the way you've posted pretty junky threads in this section today, there's something not quite right with how you play and you should probably steer well clear of any gambling. Put your money into a bank account and save it up, because I doubt you understand the simple odds that dictate you will keep on losing money forever. You seem to think the definition of "best casino" is one that will let you go from $10 up to 1 million dollars like they are some kind of charity. They are businesses that are designed to take money from many people like you and make a profit, not magically make every customer rich for no reason. Look in this forum section, pretty much every casino meets your criteria, not that you will accept losing money. |
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Please let me clarify first: anyone who is extremely poor or wealthy is not included in this discussion. Only those who are employed with steady income, some savings and spare time will find this topic useful. I guess most of us are doing fine now but financially we have to face one common problem: how to spend money. This issue leads to many consequences if not handled properly. Here I would not start any broad and subjective agruement. To deliver my message clearly, I am using some specific examples to elaborate. For example, a lot of peole complain that their income is not enough to cover their daily expenses so they can't save much money while...they spend seven bucks on a cup of coffee almost every morning, throw a hundred dollars on some gym membership cards but never show up training, have dinner with some random girl in an expensive restaurant, buy drinks in bars and waste hundreds of dollars... The list goes on and on. If you live this kind of lifestyle and at the end of months, you are running out of money or can't pay the mortgages, whose fault is this ? I can not provide any statisitics but I am sure that many people have fallen in the trap and can not get out. I hope you are not one of them.
What I've noticed over time is that a lot of people claim they want freedom and to do many things in life, but they are extremely wasteful with one of the most important assets we get - money. They say they want to learn more about finance when you discuss it, but never take any solid steps or even attempt these things out of fear. Maybe they got burned by one particular stock, because they were being too greedy and chasing the wrong strategy in the past. Maybe they are happy with 2% from a bank account at very low risk, but should be earning 6-7% minimum from basic investing. Others are simply far too wasteful with money and unwilling to change their habits to ever succeed in it. |
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So this evening, I was thinking within myself, Businesses I could start if I made good money, I mean money large enough that I could start any business comfortably(no matter the cost) without going through any financial crises before, during or after starting the business.
So one of the ideas of businesses to start that came to my mind was a gambling casino, online casino preferably for me, so as part of my research, I thought I should put this question out here to you guys …
If you made a billion dollars or even more, as someone who love gambling/betting and have been doing this on several other casinos for many years now, would you rather start your own casino?
Or would you prefer to keep gambling, doing your sports betting on other casinos even when you know you have more than enough money to start your own casinos and make the casino as big as you want it to be??
Inputs are greatly appreciated.
Casinos and sportbooks are very profitable from what I understand, but when you make big money you can become a big target in all sorts of ways. Politicians will seek you out as an easy way to milk money or blame something on you. Hackers and other attackers will seek you out to steal or extort you, meaning you have to spend a lot on security while being forever vigilant of new attacks. Laws are changing all the time, usually not in your favor if you run a gambling company, but if they are in your favor then you might find some new players with much deeper pockets try to come in and take a share. Plus you have to lose a lot of money at the beginning as you give away welcome bonuses and other rewards to draw a big player base in. |
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War is one thing that no society should engage themselves into as its effect is devastating and unforgettable upon generations. When two or more countries are warring it is said that there are other countries that benefits in one way or the other from the war as it prolongs and intensifies, especially economical benefits is one of such.
The ongoing war between Russia and Ukraine which has been on for almost a year now and the effects of the war between these two is not only on the two warring countries alone but has gone so far as affecting the economies of many countries of the world that have no involvement or interference in the said war. countries of Europe are experiencing a fall short in gas supply, while those of Africa and other continent suffer from economic downfall as a result of certain products and services that are no longer in-coming due to the war effect.
With this Russia Ukraine war which the effect is felt in almost all parts of the world directly and indirectly, I want to ask are there beneficiaries to this war and in what ways are they benefiting from it.
There are definitely plenty of companies out there who profit and lose from these kind of wars. It appears that military related companies are set for a big boom after they've struggled in some countries for a long time with shrinking armies in places like Europe. Even more civilian companies that you might not think will benefit are getting a big boost - like aerospace manufacturers. Then there are others like oil and gas companies, who have made huge profits due to the fear of supply interruptions and the imbalances that happened early on. Certain mining companies will be big winners if they are able to sell their product for more after supply was limited from Ukrainian and Russia sources. |
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On before now gambling was seen as a dirty habit and was painted black in the society because way back the society believes any gambler have so many bad habits too like doing drugs which most gamblers was mafias not just mafias but rich people .But in this present world now gambling is seen as a business which both young (+18) and old part in which in the old times gambling was base most times about money wasn’t base on sport but now is modernize into different kind of sport that why in west Africa there are so many gambling and betting companies because is been accepted by the public now as a medium of making extra cash basically gambling to me was for men but now you can see woman parting in gambling games which everyone in that habit believes each day he/she must make more returns than he/she has spent to stake just as an entrepreneur knows that risk management of any business he/she is operating,a gambler knows that their is high risk in every stake but their believes so much in good future that good must always come by that no matter the amount a gambler loses believes his coming will earn that triple times .So my question now is that can someone use gambling as a means of earning living?
It should be obvious, but you can only win when you are able to field some sort of advantage against the gambling company. If you are trying to make a "career" out of an online casino, where they control every aspect and simple mathematics determines that they will win in the long run, then you are doomed to failure. If you are able to somehow make consistently and measurably better sports betting predictions that a bookmaker, which has been done with large scale arbitrage, then it's possible to make a profit there. Same with poker players, where you feed a rake to the house but effectively make your living from being better than the other players at the table - you can make a profitable career out of it but you need to be better than the average player you go up against. |
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I wonder if higher education will help for entrepreneurship?
I am more interested in how much theory will help in this, because during a long study we do not get practice, this will be possible only when we start doing business, until that moment we will not be able to know how much it will help us.
This can help us if we need a license, but in some cases it can be obtained without a higher education.
Statistically, 95% of entrepreneurs have a bachelor's degree or higher and I wonder, for those of you who are involved in entrepreneurship, how useful was higher education for you?
Could you perhaps link to the statistics that you're using to come up with that 95% figure? Because I'd expect it to be a lot lower, also, how are you even defining an entrepreneur? Is it someone who sets their own business up, does that include a plumber? a carpenter? an electrician? I'm not sure they're what people think about when hearing that word but it can often apply to a business owner. I don't think it is necessary at all to have that in order to excel at being an entrepreneur, it might just help a bit to aid your perseverance and wider business knowledge. Any additional education will generally help people become a more intelligent and rounded person, not to mention the social networks that are built from participating in colleges and universities. |
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good evening everyone. Today I ran into a problem that made me ashamed of such a well-known casino as Steak.
I bet on table tennis, at the moment the score became 10-9 in favor of the one I bet on. I immediately understood that if the score becomes 10-10, then I will redeem the bet (with a score of 10-9, bets are closed in this casino)
the score became 10-10 and I immediately clicked on the redemption.
as a result, the site thought for 7 seconds, and while these 7 seconds went by, the score became already 10-11 and I was not allowed to redeem the bet. just because their website is lagging. support did not help me, they just unsubscribed
" I am sorry but there is nothing that we can do in these situations, when our odds provider rejects cashout attempt all bets are being settled per the final result as stated in the sportsbook rules."
I just want people to know that there may be bugs like this on this site and support won't support you.
Unfortunately you don't have much power in this situation and while I feel your pain, you are unlikely to find many bookmakers who offer settlements at a faster pace. Every experience I've had when trying to cash out a football game has taken roughly that long. I'd say your main problem in this scenario is the fact that the score can change so quickly, especially in comparison to other sports out there. You might have to accept that it's one of the risks when it comes to betting on table tennis at any place. Some sports are simply less suitable for in play bets or redemptions because of this very reason. I'm not sure that Stake is even to blame in this scenario. |
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Been reading all the news reports and saw that the stock lost -60% today alone. Seems that more than half a dozen exchanges have stopped to do business with silvergate.
Basically they delayed some 10K filing and said that they might have issues continuing operations. Seems like the FTX contagion is continuing, when I assumed that the worst was done.
This was a big bank for crypto. I think I even wired some funds into the bank in the past.
What does everyone think will happen? Is it just FUD?
It's crazy how fast such rumors can spread, even if there is no actual truth to them - if triggered at the time, echoed around the world by the right people and catching the market in the right state of nervousness they can become a self fulfilling prophecy. This could in theory happen to every single bank, but it seems to be specifically caused via their connection to fiat currency, which have been in the sights of cryto regulators lately and could be under the microscope. Even the most stable bank works on the basis that they take deposits in and lend based on those deposits, but don't necessary have the full amount of funds to cover all costs immediately if there is a bank run. It would seem to have crept in and had an effect on the Bitcoin price today with a little drop. |
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Have seen few discussion in this board about odd providers limiting user accounts, I assume they must be tracking user's accounts across multiple casinos by email address, kyc is triggered later.
My question is, would it be possible to circumvent such imposition by simply using different emails while registering on different casinos?
Sure, you can "circumvent" the protections that casinos and bookmakers put in place, but you're doing it with the intent to defraud a company which could lead to criminal prosecution. Like it or not, these companies are operating a certain business mode that mean most people lose money, those people are not forced to deposit money - they do so of their own free will and lose it on that same basis. They generally agree to the rules of using these sites, because they're holding out hope that they are the one in a (hundred) million player who might win big. If you don't want to follow the rules of the game, play a lottery instead because you probably have the same chance of winning big in the long run without trying to commit fraud with such actions. |
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