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1481  Economy / Economics / Re: Vietnam Becomes Latest Country to Turn to Crypto on: July 05, 2021, 01:10:47 PM
Good news, they've banned it once and now they've turned into adopting it. This is why if most countries don't have a taste of bitcoin, they will likely not understand it and end up banning it. But since they've opened the idea of learning about it, here they are, making their own crypto and this is also a signal that bitcoin and other cryptocurrencies are welcome there. And with this news, it's likely that Vietnam can also be one of the crypto havens in Asia. It is going to welcome a lot of crypto startups if they want to have another base somewhere in Asia.

This might be taken as an example for other countries too. As we can see some of the countries are trying to ban cryptocurrencies like bitcoins. But on the other hand we see many countries moving forward to adopting Bitcoins and soon enough there will be a whole other level of economy which might be governed by cryptocurrencies alone. We might be seeing international transactions, import , export, people ditching the middle man and using cryptocurrencies. Who would wanna miss that ?
Considering the age of the guy I think he made a well informed decision. But they should not ban and allow it time and again since that might cause other probelms amongst the society.

This good trend maybe enough to make good sentiments for bitcoin market. I think the next bull run is very soon, the more countries accept cryptocurrency it means that the faster mass adoption is processed. I think it will be good for me to buy more bitcoin if the price go down again. I still think that bitcoin price can go down lower than 30k.

Even if we do not see a bull run , the price might get stabilized which might cause the whole volatility thing to settle down, causing it to grow in a steady fashion. Which might be beneficial either way. But if it goes down to 30k, I think that would be the best opportunity to buy for everyone.
1482  Economy / Economics / Re: What role will Bitcoin play in the face of superpowers in the future? on: July 04, 2021, 06:41:51 PM
Whenever we are talking about superpowers there is one word that is inseparable which is dominance. These countries control a majority of the cash inflow, they also give loans to small Nations. Now when we talk about bitcoins. It's one thing that they cannot control. Which means bitcoins is far away from their dominance, their corruption.

Now how I see it is kind of a model supported by everyone. If even one of the pillar collapses we are still good to go. Now these big countries account for a bigger support in terms of investments etc.. which helps in maintaining the whole stability of Bitcoins, it helps make it even stronger, more or so bitcoins as a whole helps people grow as a whole. Therefore no matter where you are from, your investment is going to help everyone. I think it's more like a win win situation for everyone.

Investments help in the growth of Bitcoins as a whole so over the time you are not only helping yourself but you are also helping the whole idea of non centralized cryptocurrencies.
1483  Economy / Gambling discussion / Re: Do you know the Cards game..lucky nine,pusoy and tong its on: July 04, 2021, 06:08:54 PM
Their are  games now,that well known to play here in our country.before we played card  face to face only but now also can play in internet.people now are so smart using of computer almost all now can do in internet.playing gambling  bet with real money..
I think someday bitcoin and other currencies can be used also in this kind of gambling apps.this apps playing different kind of cards are using now of a lot of people. Me are one of them.buy not doing as gambling.I played this just for fan and entertainment only.but ofcourse the others are playing this gambling using their digital money..
How about you do know this game? Do you play also tong its ,pusoy,lucky nine and etc in online games? Do you do gambling here or not?

I know only about Lucky Nine. There are actually many card games famous locally where I live. Wherever you go, you will find people sitting in a corner drinking beer and playing cards, they have quite a few. I remember being taught by my grandfather long before. I do not gamble on card games since it needs skills and years of experience and ofc a little bit of luck and apparently I am not good at that.

In most online gambling sites I see that people prefer live black jack which I suck at but there are many sites where you can play lucky nine. But I do believe that none of the online gambling platforms will ever match the thrill of playing card games for real. This is just my opinion, I always prefer it with friends, even if I loose lol.
1484  Bitcoin / Bitcoin Discussion / Re: Bitcoin high fees on: July 04, 2021, 05:15:38 PM
Sometimes it's out of necessity. First of all there are people who use nothing but bitcoins. For those who usually do their day to day transactions in Bitcoins they have to pay the fee no matter how unrealistic it is. But there are always some options like using segWit or even using lightning network.

As far as I remember my wallet has been charging 0.0006 BTC which is actually higher than binance but it deals in my local currency therefore it's more or so beneficial either way.

Binance charges 0.0005BTC for each withdrawal. actually I feel the fee is quite high compared to the times I trade and I am really fed up with withdrawals that have to pay such fees.

Try and limit the withdrawals, if you are doing that you can ask your friends if they also need to withdraw some money, doing it together always makes it easier. Plus if you are trading you can convert it into other ATH and then reconvert once they are in your wallet, considering they do not charge much for that. For Litecoin fee is just 1.40$ something and in only 15 min, it gets confirmed. I usually use a wallet where trading is enabled here too. Therefore I can directly withdraw in the bank account.
1485  Economy / Gambling discussion / Re: It takes years to build a reputation and seconds to break it on: July 04, 2021, 04:45:26 PM
For a business to build a reputation, it takes a lot of money and time to be invested to achieve this through marketing, brand awareness and all other activities.

But my question is why would they risk all they have invested to a few players by scamming them? I for one know the forum will side with the player that have been allegedly being scammed in most cases but how do casino's/bookies  protect themselves if not terms and conditions?

If people buy reviews to paint a picture of a good standing business,  what would stop the competition from buying people to tarnish a competitors reputation to have an advantage in the business?

Well I do think that a good established businesses would not be suddenly scamming people out of their money since all of these things does not happen suddenly. They might get few unfair reviews but that's something which is usually resolved . But at the end of the day businesses loose money drastically and it's when they starts causing probelms for not one or two players, but many. When you talk about them scamming only 1-2 players I think most of the time it's the fault of the miscommunication and the team. Sometimes they might use VPN which is not allowed etc.. some minor issues.
When you see that a business have started scamming people, get out of it. Entirely. It's when you know they have gone bankrupt. When we talk about 1xbit I think we have far better options therefore don't even go there.
1486  Economy / Economics / Re: Pandemic was just a start of chaos, wars, or becoming zombies! on: July 04, 2021, 04:06:53 PM
Chaos is something inevitable.
Becoming zombies on the other hand is scientific friction.
I do think you should understand for a fact that people have been trying to start wars. Well in some countries war is already on. Syria is already bombarded heavily least someone speak about it. India is being cornered by China day by day. On the other hand, we are seeing Ukraine trying to protect itself from the Russian armies where they are exporting armed good through trains. See if any single country exploded. If even one country found that they are on the verge of war. We will be seeing a world war and that would be inevitable since countries will come and support each other. It will be less of a support and more of a fueling the fire.
1487  Economy / Gambling discussion / You got a pifzer ? Then you can be eligible for lottery in Poland. on: July 03, 2021, 06:39:52 PM
Months before we heard a news where to increase the chances of people getting vaccinated they government gave them a chance to win prizes, lotteries and even in some countries you are allowed to travel for free. Yet again the Government of Poland announced quite an unusual prize for people who have gotten pifzer. You are eligible to participate in the lottery plus the prizes are up to 260,000$!!!! Which is a great news. But unfortunately only 35% of the people in Poland are vaccinated yet. Not only that read this :
Quote
From 1 July every 500th person to take the dose will receive a cash prize of PLN200, while every 2,000th person will receive PLN500. The Polish Government will be giving away five prizes of PLN50,000 every week for three months, alongside the incentive each month to receive PLN100,000 and a Toyota Corolla for two lucky winners. The final winners will scoop up the PLN1m and a Toyota CH-R each... If you were thinking of moving to Poland, then now’s your chance. And if you need an electric scooter, they’re flogging them too, 720 to be precise.


Now that's a gamble that you gotta try! If you are from Poland then you have to get the shot! I do think this is an interesting gamble for the people there what do you think ? ?

https://www.gamblinginsider.com/news/12395/pfizer-for-prizes-as-poland-launches-covid-lottery
1488  Economy / Economics / Re: Never seen before OCDE pact for 15% minimum global corporate tax on: July 03, 2021, 06:13:34 PM
Quote
Secondly, I don't sometimes understand bitcoiners, on one hand, they want that bitcoin should not be taxed and therefore they would pay the least taxes to the government but on the other hand, they want Companies operating globally to pay the highest tax possible. Strange dubious behavior.


Well honestly the reason there are problem regarding bitcoins and tax is because in most of the countries the taxation of Bitcoins is not even considerably fair. To decrease the popularity of such investments government is trying to make unfavourable situations scattered around. Therefore a commoner who have invested their wealth in Bitcoins gets worked up whereas the companies who use bitcoins to avoid taxes are also there. They are the one's who should be facing the consequences.

But regarding taxation pertaining to bitcoins I am quite happy since you are only supposed to pay if you have earned more than 2 Lakh rupees. Which is quite fair. But this is not the case with all the countries tho.

These inconsistencies in the economy are opening the opportunity for others in the markets. Taking as an example the iPhone phone that its biggest competitors tend to offer cheaper phones like Xiaomi, Samsung, Huawei among others.

Not everything is bad, despite everything the global economy benefits by opening jobs to meet the demands.

But what they are paying for the particular job is sad. The reason why these big companies are even investing in such Nations are because they are providing them with added benefits of cheap labor and instead of providing them benefits they seem to get on this corrupt train.

These companies can afford to pay the workers well, but they choose not to. Make them work twice as hard. But then again they are far better than anything else since during pandemic there are worse things to consider.

(( Remember what Kylie Jenner did , this was just an example how they treat them ))
1489  Other / Off-topic / Re: Slapping Tournament on: July 03, 2021, 04:53:07 PM
I was watching my favorite streamer MoistCr1tikal doing a side commentary on a Slapping Tournament, and what caught my eye was that it was sponsored by Totalbet, which means that it is a viable betting although I find it easy to bet if you have prior knowledge about who slaps the hardest. Are there any betting site that has this for betting?

My first thought about reading the topic was "slapping tournament really?" I do think that these things needs to be regulated thoroughly. Plus this is not something which goes around in various countries. But seem weird ofc might be interesting for some people. But the funny things is you can not only watch it on ESPN but also bet about it on Rocket. Therefore if you were looking to bet you can try that. There are actually quite a few people interested in this. I do think you have to understand the fact that if it did accidentally hit ear or even the maxillary nerve, the damage would be irreparable. There will be quite a probelm! I do not consider this a sane thing.
1490  Economy / Economics / Re: Will banking system in Bangladesh collapse? on: July 03, 2021, 03:46:29 PM
Due to pandemic, there’s lockdown going on here. People are more likely to withdraw fund from Bank while rate of deposit is decreasing now. On a side note, default loan has been alarming here.
I was looking for cash out BDT from mobile banking but I had to look for a long area to find out a mobile banking agent. I felt like I should cash out more money than I need for now because it’s possible that there will be no agent opening their shop.
The same will also happen with the banking system if situation get severe which possibly will be soon. And if the lockdown continues for months, won't bank have hard time maintaining deposit and withdraw?
What do you think? Is it possible that if lockdown continues, banking system will collapse here?


The banking system of the whole world is about to collapse, it's not something new, when we talk about Bangladesh the whole situation is extremely weak. The government is not able to handle this situation and people are bound to jobs that pays them way less than their value.

The poverty is on the rise and at the same time the socio-economic crisis is something that would take years to resolve. Plus it's adjacent to India where covid situation is extremely bad.

Even if the banks collapses I do think they will be able to pull through in some years. They were able to recover from the crisis to an extent back in March 2021, therefore I do believe that it won't be a hurdle. The good thing about developing countries are that they have immense growth potential.  

1491  Economy / Gambling discussion / Re: Important Factors while joining a new Casino on: July 03, 2021, 02:40:43 PM
What's the must thing you consider while joining a new casino? These days there are a lot of casinos and gambling sites which offer some good promotional reward which can be a good option for the regular gamblers. But joining a new casino or gambling site is huge risky as you may get scammed at the end of the day. So, what are the factors you look at when you want to try a new casino?

Hello
It's not an easy thing choosing a casino but the harder part is going through their terms and conditions then finding which one is more suitable. For me an ideal casino would be the one involved with people on the forum with good feedback and a great user internet. I do believe that 24*7 support is also an essential part of every online casino's service. This not only makes me less anxious but it's also helpful for the most part. You should also look at the fee they are charging before doing anything. Most of the major casino's would not allow VPN's etc. Therefore keep that in mind before going forth. There are many !! One cannot comprehend it in one post but if you summarize the points of everyone who replied I think we will have a pretty good remarks about an ideal casino.
1492  Economy / Economics / Re: As we Know Good things Don't Come for free on: July 02, 2021, 05:54:48 PM
But what You are Not told there is need to sacrafice one world Country Whole economy in Order to save all others western countries.



Economic downturn in one nation, could drag the global economy down into recession. As occurred during the 2008 economic crisis. When economic slowdown associated with US banking issues toppled the world economy. Nations are networks of trading partners. When one goes down. It can have a chain reaction, where others are taken down with it. If sacrifice is the smart call to make. I think people might question why the EU hasn't already sacrificed greece. To encourage them to resolve their debt crisis.

That could happen eventually if deficits rise to a point where they become unsustainable. Nations with high deficits and debt could be cut (sacrificed?) to maintain overall liquidity. That could be an interesting discussion/debate topic. If only on the more awareness and information people have, they better they're usually able to prepare and support the right stance on things.

Most of the times the reason why if one goes down and the others also suffer is because they are too much interrelated. The import/export is something which is very essential for all of them. I do believe that the Nations which are able to meet their requirements themselves, without the help of any other external force will be the one's to survive.

We saw the same thing happening in pandemic. This was the time that I saw the real benefit regarding living in a country like Ukraine which is also known as the bread basket of Europe. When the pandemic hit and the import and export was banned. Things did not change at all!  We had access to everything since it was being produced here . For the local farmers it was a boon. I do believe that countries need to be *self sustainable* that would be the only way to go. Plus they have to stop printing money for once and for all and start giving jobs to people. We need a new era of sustainability, much like industrialization but this time more environment friendly.
1493  Bitcoin / Bitcoin Discussion / Re: ¿what is the contribution to the society of the idea behind bitcoin? on: July 02, 2021, 05:20:12 PM
Hi everybody, i am a student of economics and  i'm interested make my thesis for i could graduated about Bitcoin. In specific, i want to do a analysis of bitcoin market in Colombia. It is basically the question of investigation of my job. Yet i am thinking the hypothesis and in this topic i would like that focus in the contribute  of the bitcoin to the society through of market. I had thinked in the transaction costs that save the system of transactions virtual. If you could help me with ideas i will be many grateful.


Regards.

Hello
You mean the "Contribution of Bitcoins to the society as a whole?"
I do think that they are indeed numerous. Some of these I would like to mention here:
- Bitcoins have honestly made people rich, some of them through trading and some of them through holding, which is an impossible task if given today's situation. They have bridged the gap between the economically different sections, yet they continue to do so. Even if it's low in percentage but still it's relevant since it's a big deal.
-Its giving this generation the exposure of trading, you can start with as low as 5$! Then learn yourself. Which I do not see happening in the markets.
-Its much more efficient in taking the businesses international, you don't have to wait a lot or even fill numerous forms. It's much easier to send/receive from any part of the world.
Honestly it did a lot for the society as a whole. These are just few examples.
1494  Economy / Gambling discussion / Re: To what extent can sport be strengthened with cryptocurrencies on: July 02, 2021, 04:50:14 PM
we are in times when the blockchain through cryptocurrencies is entering a new moment for sports, before which and how far will we advance in this new scenario?

I do think we cannot answer this question because it will go as far as the government is willing to take it. They might agree and disagree to the extent that it is beneficial for them. At the same time I do believe that many things are being done in terms of sports and cryptocurrencies but not all of them are worth it.

Bridging cryptocurrency with sport can be done in so many ways,  we need more sportsbooks sponsoring more teams or doing this has part of their cooperate responsibility....I have seen cloudbet do it and it would be nice to see more coming on board.

Another option could be paying athletes or should I say sports men and women in crypto and this could carry on and crypto will be on high demand.

Casinos and sportsbooks with kyc should try to find a work around to remove kyc this could make them popular unlike what happens when most claim to be kyc free but hit you with an AML check when you deposit a high amount.

There is already a lot that is being done. They are already very much interrelated. At the end of the day I do believe that cryptocurrencies are most popular when it comes to a betting site. In countries where normal sports betting is not allowed there they usually allow the crypto gambling.

Plus people have been loosing a lot during the pandemic there are businesses which are closed down but we see a ever flourishing one which is "sports gambling industries" they even gave us  the most successful CEO's. Plus even though the tax implemented by the government in sports gambling is high people usually go through with it.

I think it's already a win win for many and we have yet to see more applications coming this way.
1495  Bitcoin / Bitcoin Discussion / Re: Bitcoin is the only thing that humans cannot control on: July 02, 2021, 04:15:08 PM
I do think that there are plenty of things humans have no control of, but when we talk about the economic section, there is Bitcoins which is decentralized and away from all the manipulation. But then again not entirely. You should understand that bitcoins as a whole is controlled by many people from behind the curtains. In theory it might be decentralized but for real, there are whales controlling the price together. Look at Elon Musk making a fool of himself on Twitter and the whole community following his guidelines. I do believe that it was made in such a way that it can't be controlled but then we are right now in a situation where it's very liable to manipulations etc.. the whole system is not ideal even if the base was meant to be different.
1496  Economy / Economics / Re: Crypto Central Banks on: June 28, 2021, 06:19:12 PM
ETH and BNB are, unlike BTC, realy already used to pay for goods and services

Actually in the world I'm living in there are few things I could buy with Bitcoin and basically none I could buy with altcoins.

So all I see here is a wall of text with convenient inaccuracies advertising how good your altcoins are.
And if you are so keen for centralization - the thing Bitcoin tries to run away from - you're always free to use your altcoins. But please don't come crying when the central point of failure will break/no longer meet your expectations.

Definitely agree.
We already have a lot of centralization currencies and none of them are actually any different from the other. The government and the big investors controll everything and there is not much scope of growth.

I do think that centralizing cryptocurrencies will take away their uniqueness. Centralization means corruption. It's more of so the way general government works. Plus Altcoins are basically not so important on practical basis. I see shops going for ETH for sure but more than that am yet to see. Their growth is also very doubtful therefore they may be good for trading but not for the real world practical applications.
1497  Bitcoin / Bitcoin Discussion / Re: In theory there is still another China ban waiting to be launched. on: June 28, 2021, 04:53:43 PM
Based on their decisions they might as well just get on with it and ban Bitcoin every week.

As for Tor, can they even actually use it? As using VPNs are illegal as far as I know.

Yes but VPN's still work in China. Even if it's banned people still use it. Therefore, I do believe that even if the authorities go ahead and ban bitcoins which is a major source of income for many people, I do think that they will continue to use it but ofc not on a large scale.

I think that ban is crazy and hard to enforce. If Elon Musk provides satellite internet, that's not a problem because nodes have a different way to operate. Another point is that the nodes in China are low compared to the rest so there is no concern about the decentralization of Bitcoin and ETH.

I do believe that the decentralization probelms is based not on this but actually on the laws that the government is making every second. How they are behaving with Bitcoins and other cryptocurrencies. Therefore the threat of centralization started from the day when they started asking for documents and banned VPN's.

China banning bitcoin is not important and I dare say nobody cares about what another country where they don't live in does to bitcoin or anything else. The FUD of China banning bitcoin is the problem and it will never go away even if not a single person in China used bitcoin! So in theory China can "ban bitcoin" every month as long as people are naive enough to believe the FUD.

Last time also when they banned bitcoins the price fell for a short time and everything recovered. I do think the legalization of Bitcoins in countries like El Salvador should very well balance out this.
1498  Economy / Speculation / Re: Is bitcoin a good investment in this pendamic situation? on: June 28, 2021, 04:12:28 PM
Crypto currency is one of the best investment platform in whole world. Where bitcoin is more profitable and secure investment which we have already proven. So in this pendamic situation those who wants to hold an asset that's resistant to inflation may find investing in bitcoin will be a good idea. Because Where the central banks of any country have the permission to print infinite amount of fiat currencies on the other hand the quantity of bitcoin is fixed in number and limited by its supply capped at 21 million. I think demand is more than supply is applies for bitcoin so in this pendamic situation bitcoin will be a good investment.

If it had been a bad investment the price of Bitcoins would not have increased to such an extent during the pandemic. It did hit an all time high !! There are companies, investors waiting for the perfect opportunity to jump in anytime. Seeing the COVID situation which is not getting better and the government is continuously taking loans and at the same time printing excessive money, the whole system is yet to collapse. So people are now preparing for the worst. Keeping their investments in cryptocurrencies assures them that they could make some profits. Maybe not right away but if you did hold on for a considerable amount of time, it will all go well. It is all about patience and strategy.
Stocks, property, everything is not doing so well in my country, even if it's a perfect opportunity to buy them , still the profit margin would be low and you would have to wait for a longer amount of time. Therefore for me if I did have money to invest somewhere, I would have definately done it in *bitcoins*.
1499  Economy / Gambling discussion / Winners of the global gaming awards London 2021 on: June 28, 2021, 03:15:26 PM
According to the news apparently in global gaming awards 2021 the two winners are :
bet365 and Kambi
Quote
This year’s big winners include bet365 and Kambi, who secured two Awards each. bet365 clinched the Online Sports Betting Operator Award, with bet365 Partners winning the Affiliate Program Award. Kambi, meanwhile, picked up the Retail Supplier and Online Sports Betting Supplier awards


The full winner's list is :

Quote
GGA London 2021 Winners List

Betting Shop Operator

Paddy Power
William Hill
Tipico

Online Sports Betting Operator 

bet365
Betsson
Parimatch

Retail Supplier

Kambi
Intralot
Inspired Entertainment

Online Sports Betting Supplier

Kambi
Scientific Games
IGT PlaySports

Online Casino

LeoVegas
Mr Green
888casino

Casino Supplier

IGT
Scientific Games
Aristocrat 

Online Casino Supplier 

Evolution
Yggdrasil Gaming
Pragmatic Play

Casino Product 

Red Tiger – Gonzo’s Quest MegaWays
Playtech – Adventures Beyond Wonderland
BetGames.TV – War of Bets

Payment Solution

Trustly
Paysafe
Nuvei

Services Provider

Sportradar
Fast Track
Continent 8 Technologies

Product Launch 

NetEnt – Divine Fortune MegaWays
Microgaming – WowPot
Greentube – From Dusk Till Dawn 10

Affiliate Program

bet365 Partners
Kindred Affiliates
Betsson Group Affiliates

Social Responsibility

Kindred Group
Mr Green
Great.com

Chief Executive

Per Jaldung – Casino Cosmopol
Jesper Svensson – Betsson Group
(Joint) Martin Carlesund – Evolution and Peter Jackson - Flutter Entertainment



Huge congratulations to everyone who not only won but also participated. The votes were not done by the general public, they were done by major CEO's plus there was a window for the self nomination.

What do you think ?
Are you happy with the results ? Did you expect someone else there ?

I do believe that the normal community should also be involved in such voting process, it would not only be more enjoyable but it would be more transparent for the people too.

What are your thoughts on this?
Read the full article here : https://www.gamblinginsider.com/news/12332/revealed-the-winners-of-the-global-gaming-awards-london-2021
1500  Economy / Economics / Re: Binace Markets, subsidiray of Binance, banned from operating in UK on: June 28, 2021, 01:16:47 PM
Oh  boy, what is going on with the government's lately. First Nigeria and China and now also UK. It is not a ban yet on crypto currencies,but  a first step. Why can't governments just leave the crypto world in peace? Regulating crypto services is a good idea, but banning them not. There are so many people now using cryptos, and most of us are doing it legitimately.

I do think right now we are seeing two sides being separated. In countries like El Salvador, the government is doing anything to make sure it integrates their economic situation with Bitcoins and other cryptocurrencies but other countries like UK, China etc...these are the countries hungry for power , no doubt! They are seeing that they cannot control it. Therefore they would ban it. Which is honestly such a low step.
(Also they could be preparing for the digital version of their currencies so therefore wanted to clear the stage)

I think people will still be able to use the wallets in other countries if the government allows. Binance is actually very influential and dominating in the market, this will definately affect the people and maybe to an extent, the price.

With coming time we will see many more countries choosing a side and I do hope all of ours would be friendly to bitcoins.
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