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1401  Economy / Gambling discussion / Re: Do I need to pay Tax on my Crypto Gambling Winnings? A guide on: March 13, 2021, 08:05:06 PM


This is the advantage of playing in casinos that don't require KYC

Agreed,  tax on winnings at casinos is the matter of personal commitment that is  why "no KYS"  means "no person" behind gaining. There is even better option then online KYS-free platforms for betting on various events and that is p2p betting which is faceless in its nature. For example when betting on sport event  I prefer to deal with Obyte p2p betting bots and such approach  allows to hide  my identity.

Most of the gamblers doesn't want any KYC's because it is so very hard for them to process it and sometimes they just need the money as soon as possible. And also I think some of the casino players are minors that don't have any ID Card. And it is tru that it is questionable if there is a unusual activity in your account. In my country, crypto doesn't have any taxes even if it is big or small trasactions or earnings. And that's why the government is always not supported and not a friendly-crypto companies. They believe that those earnings have came from some bad cash.
1402  Other / Off-topic / Re: Corruption and Sports on: March 13, 2021, 07:30:14 PM
In my country every government during the election campaign have the statement we'll abolish corruption on the sports in the manifesto. Is this is common or I'm seeing this on my country. In each and every game, during the selection process bribe is being given. This has made several able sportsmen discontinue their passion on sports and do some routine job for their living.

Same as this is the gambling, more key players are involved with match fixing even after getting huge sum of money after every match winning/losing. Why certain sportsmen have such greed towards money when people are starving to have a single meal on a day.
Corruption will never be abolished, do you know why? It is because the people b hind this corruptions are those people who is in the higher position so that they have the control on all kinds of aspects. Corruption is everywhere, every country has a corruption and even the richest country is full of corruptions. I've seen a lot of match fixing in e-sports and I see this as an bad habit because they are like doing this in order to earn money they are not playing anymore they are doing this just because whether they win or not they will be having a bribe, no matter what happens they will get the money that they want by just abusing this match fixing. I've seeing so many match fixing on E-sports in China, so be careful gamblers.

Corruption is one of the most worst attitude in  country. Many people actually always tell that there are some corruptions that are normals because people always tend to tolerate it. In my country, there's a lot of corrupted people and one of the most annoying is that the corrupt people are those who have seat in the higher. They always believe that this corrupt government official are always right. Many people started to get brainedwash. In gambling, the corruption might also be a problem in terms of those betters that asking for some sevice. Watch out to those negativeley effect on you.
1403  Bitcoin / Bitcoin Discussion / Re: Bitcoin in a good shape? on: March 13, 2021, 06:32:28 PM
You are welcome back and glad to tell you that bitcoin is it best shape ever, the market have increase and new phase of institutional adoption is at play right now.

Bitcoin might be at his new ATH again but I guess this is not yet over and say that it is in the good shape. There will be more coming of red days that market might drop again just like what happen 3 weeks ago. I think we can say that bitcoin is in a progressive move in that scenario we can say that it is very good move for BTC and a lot of things happen right now in this scenario. People might be shocked in this news or new ATH but those who been here before thinks that it will be more good in the next few days. I think bitcoin will reach 70 to 80k dollars. Who knows? And I wonder it is so possible to happen.
1404  Economy / Trading Discussion / Re: Do you have a Bitcoin exit strategy? on: March 13, 2021, 12:14:59 PM
To be honest i don't really have that strategy, i'm just gonna sell it when my real life force me to convert it into the real money.

And i dont think it's gonna be long day for me to out from this investation, especially in this situation when theres a lot of big company who investing in BTC with Huge Amount.



Market of cryptocurrency are so volatile having no strategy might put you in the situation that you may regret later on. I'm sure you need to assest and make yourself some realizations when it comes to trading or simply just buying and selling. It is okay if you don't want to make it full time trading but even the basics is a good fundamentals in making profit out of your money. BTC have reached another milestone, which is the ATH of its value. I think it is good because the value keep climbing up yet it is also dangeroua to ride as well as to invest because you don't know what would happen in the future. BTC value might also get down in just a snap.
1405  Economy / Gambling discussion / Re: Fate or lack of control - Gambling on: March 12, 2021, 06:08:45 PM
When betting you should try to be as rational as possible and always enjoy and have fun, if you start think about why I loose and thinking is your fate is probably the moment to call it a day and come back tomorrow. Games are designed for the house to have a gain and even when you play with others, chances are that you will be loosing. Do not try to irrationalise what is simply the way the game works.

There is one exception: you may not be maximising your chances because you are playing sloppily or do not understand enough about the game. In that case is not your fate, is that you need to learn the basics.

A good gambler is a responsible gambler. We all know that gambming is one of the best and most promising way of earning and making profit today because as we can see and as we know, a lot of person lose their job just because of the pandemic. But if you want to get in into gambling, you must know the idea of gambling and how fast your money will earn and at the same time, lose. Minimize the risk of your game and always maximize the safety of funds. Always set some funds to be played off in order for you to avoid getting lose in the future. Lack of control is one of the main reason why people get lose. So beware and be responsible..
1406  Economy / Gambling discussion / Re: Fake bets on: March 12, 2021, 05:32:47 PM
Maybe because due to competition thats why some casinos might be doing this strategy to attract new users and gain more confidence. This type of marketing in unacceptable and I hope only few are doing this type of trick, but as long as there is no hard evidence they are innocent and clean. In the end what is most important is they pay winnings big or small.

And also I think this was a normal action of a casino in order for them to have extra incomes or let's just say earninga on their own. Having these fake bets is definitely a unacceptable reason because the thing that we talked about here is money. Most of the people isn't just starting to earn some while others are having some a large amount of profit. Online gambling is one of the main idea on how people and gamblers won and earning today. These fake bets are definitely giving them some confidence and some of them think that the luck is there and will continue. I hope this kind of act will be removed and change because even if it is small amount, still it is a money that we earns.
1407  Bitcoin / Bitcoin Discussion / Re: Time to sell my BTC? on: March 12, 2021, 04:09:35 PM
Depends on your targeted income buddy, regardless how small or big your income will be, profit is profit. However given the status of the market today, pretty sure that the price soaring up high or to the moon they say, won't be impossible at all. In case that its not your main source of income, holding will be the best option here.

I agree to this user. Because in holding btc you must decide wether you are a long term or short term holder in order to have a clear and very organized experience. But in the case of bitcoin, I can say that it is not the ATH at this time. It will have a better and good profit in the next few days. Bitcoin will definitely have a new ATH. Many people will start to become rich because of the long term holders. And at the same time, many people for long term hold because they've been in the middle and might gey lost. Basic idea of bitcoin is definitely Buy in Low and Sell High.
1408  Bitcoin / Bitcoin Discussion / Re: The World Without Bitcoin on: March 12, 2021, 03:22:04 PM
Not many people in the world use Bitcoin, meaning Bitcoin is still a minority today. So if the world without the presence of Bitcoin can still run well
and there are no problems. If it is for me and the crypto community without the presence of Bitcoin, of course there will be a significant difference.
Because I could experience an increase in the economy, one of the biggest factors after getting to know Bitcoin.
- Minority is just a story a few years ago, bitcoin right now is a story discussed by so many people of different classes and countries, it can be said that bitcoin has blended into this real life, a lot of people have invested in mining equipment and opened up farms, the proof is that the equipment has become very expensive, the demand is huge while the product is very scarce. Without bitcoin, the economy will suffer a lot, especially those who have been attached to bitcoin as long as we are, Bitcoin is the way to make huge profits, except for a fixed income each month

I think one of the expected scenario if bitcoin aren't existing is that many people are not gonna able to achieve their earnings and profits. People would definitely not gonna have some extra income in their life. And I would think that the other coin might not exist in first place. The rate of being poor would rise and might be a reason for starveness. Many investors and different sectors might not that have some big earnings and profits. I think market of digital money isn't gonna be a big thing. Many people would need to work for earnings and their life would be that hard and  not as simple as the life with bitcoin.
1409  Economy / Gambling discussion / Re: Services of betting on your behalf on: March 12, 2021, 02:40:03 PM
Gambling isn't a very good profit venture in the first place, with the odds and everything, even rigged, not always in your favor. That being said, it wouldn't make sense to pay more on someone just to guarantee you a win, but some people do when it comes to employing the services of "professional bettors" as OP clearly clarified that they are not brokers of any sort. Still, I don't think this is a niche that will last and would most certainly die off as more and more gambling sites and casinos become aware of their presence.

From the word gambling itself it only shows that what you have put in as a bet has no assurance to win, the probablity of losing and winning are on the same percentage so it is either win or lose which is the only option. Hitting to win in gambkiing wasn't that sure already then the idea of getting a services of betting on your behalf will only add to your gambling expenses, though maybe those who are offering a services may have a skills or competencies but the only drawback that i have in mind was you didn't sure enough if they will win plus the mere fact that you would gojng to pay them for their services.
1410  Economy / Gambling discussion / Re: 2021 NBA Season on: March 11, 2021, 05:59:59 PM
As a Spurs fan it has been a weird day, first we lost to Mavs and then I hear that LMA is gone as well. I hope that he finds a good place for himself somewhere that has a chance to win a ring, dude is good enough to actually be a third or fourth option in a title team, if Blake Griffin can find a place for himself, LMA can definitely find a place as well. Will we have a chance to trade him?

I do not think so, he is paid way too much for what he provides, so I do not think that teams would want that, but we could buy him out for some of his contract (the guaranteed amount) and let him go so he can sign somewhere for vet minimum and he definitely deserves more than vet minimum, he can spread the floor as well as any big and he is good defensively as well. As a Spurs fan I like to catch up on our old players and I would love to see him win a ring.

I believe in this idea. I think most of the player and all star players are dedinitely looking out for teams that might give them achievemnet before retirement like getting a championship ring yet I also believe that not all of the playersbare into it. There are still players that are loyal to the teams they being drafted in the beginning. Even if they didn't achieveing any ring every season, still they believe that someday or somehow a player will got into their team and will have a great and better synergy that will give them the edge on winning a ring.
1411  Bitcoin / Bitcoin Discussion / Re: I quit smoking and buy Bitcoin every week on: March 11, 2021, 12:55:56 PM
That kind of taxation is present in my country too although it is mostly on cigarettes, the audacity of the tobacco companies to complain that the taxation will be bad for them when they are the one exploiting the tobacco farmers is the most stupid thing ever that made my blood boil. It never deterred smokers to buy their packs, a small percentage stopped altogether and a little bit bigger than the latter reduced the packs that they consume and there seem to be more everyday, I won't complain about taxation on vices, the problem is that the taxes that comes from it are not used properly.

I am not a smoker (never tried in my life), so I don't have anything against cigarettes getting taxed heavily. In fact I would urge the government to increase the taxes further.  Grin

Obviously most of the tax money is wasted by the government on waging wars and for paying salaries to the government employees and there is hardly anything that we could do about it. A lot of smuggling also takes place because of the high tax rates. And the issue for smokers is that the habit is very difficult to stop. So they don't have any option other than to spend a large part of their earnings on cigarettes.

Cigarettes are one of the most bought items in the market. Many people, adult, old people and even minor are using it. Having it taxed is definitely good because it is a very good. But of course in terms of a person's expenses I think it is good that he finally realized that it is good to save bitcoin and have some of it as savings rather than buyung cigarettes. It has a double purpose in the life. You're making yourself free to some sickness and bad health problems and making yourself some funds available for emergency family problems like financially.
1412  Bitcoin / Bitcoin Discussion / Re: Does BITCOIN make a person's life better !? on: March 11, 2021, 07:11:47 AM
~
The only thing that I could think of making people powerful from it is how potential wealth it can give to a random person and authorities got nothing to do with it because it is decentralized.
Imagine if Bitcoin actually surged and made many millionaire.

For me, it is a big yes rhat bit oin make's a person's life better because as we can see there are some living proof of it. I know alot of people that is become one of the product of becoming a millionaire because of bitcoin. I can say that it is good to investin bitcoin and it is never too late because it is decentralized and will continualy increase in rhe following next years. I think also if you are so patient and always believe in uourself, you might also achieve what you want and what you deserve. Not just only in crypto but also in our life.
1413  Economy / Gambling discussion / Re: Another insane win!! $ 1B mega million jackpot on: March 10, 2021, 09:31:14 PM
If you know how to manage that amount ? even your 10th generation Bloodlines will be Fed in favorable ways.

No amount of money is enough. If that was the case, then the richest people in the world (such as Jeff Bezos and Elon Musk) would be giving away most of their wealth. But these people are still trying hard to get themselves more wealth. Like I said, there is no limit for ambition. Those who are having $1,000 will aim to become a millionaire. Once you become a millionaire, you realize that you still can't afford certain things. Now the aim is to become a billionaire. And once you become a billionaire, the next target is to have a wealth of $10 billion.. it will go on like this..

it's not always like that, since greed never ends if you feed it.
there's always a higher number.

an interesting key is not elevating lifestyle and spending as fast as one elevates income (which is hard on sudden prizes like OP's story, but still doable).
another interesting take is that happiness and money walk together until certain part of the path, where they separate, and earning more money doesn't make you happier afterwards.

better pursuing other things like purpose, challenge or enjoyment.
When in talks of about happiness then not everything on this world can be bought by money but we cant really deny that money is part of happiness because you can do all the things you do like
and do buy all the things you do want which simply does show that money does really play a big role when it comes to happiness of someone.Knowing that people or human beings are materialistic
and somewhat greedy when it comes to possession or things in life which this kind of behavior isnt something that you could really be surprised on.

I strongly disagree to the idea of that the money is a part of a person's happiness because I believe that money is only a part of our needs and every use. Earning money is a very need or our top priority because all of the things we need and we want are definitely can buy by a money yet not all, as you said that happiness can't be bought by money. I agree to that. Winning in jackpot is one of the best reason why most of the people getting happy, because of the surprise or luck but we must be aware of the idea that anytime money can be gone and spend but the true happiness is living with us, inside of us,
1414  Economy / Gambling discussion / Re: When is the right time to gamble on football. on: March 10, 2021, 01:23:36 AM
I am not really into football but for me the right time to bet is when My favorite team goes to play and the opponent is one of the weakest team.

I rather choose to bet in more assured chances than those high performing opponent .
*just like I do because I'm not a real football analyst 'lol'...
I am comfortable doing this, when I see my favorite football team playing against the bottom team then I am very excited and will definitely make a bet, so far my loss rate is smaller than the profit I made.

Betting only when it is in your side as feel like you are lucky hence this is not what a typical gamblers would do but it's better to be safe than sorry especially if you don't know who's the winning other team. I'm not actually into football but doing some research would be a great help if you want to gamble that bad on a football team.

But if you are unsure you can always choose to bet only with the money that you can afford to lose to minimize your risk of losing everything. At least you have some slight idea who's the most likely going to win and who's the most likely going to lose.

It's tough to  deal with any types of gambling without knowledge behind it.
It's a need to work with research and take time before placing a bet.

Lots of gamblers keeps seeking for opportunities, especially with football as there are so many available types of bets to choose with.

As many will keeps saying this, gamble the amount that you can afford to lose.


When dealing with sports betting then it is just normal that bets that had be chose will definitely be accompanying with typical research and stuffs because this isnt just those
common dice games that doesnt really needing off much more information for you to study on and we know that sportsbetting is different.You do have the edge nor
increase your chances of winning if you do know something on the team or player you are betting on.Right time does indicate about seeing the opportunities when you do
believe that they can able to beat up the opponent specially if the stats or numbers are way too in huge gap but well, upsets do happen so lets not exclude that on the probabilities.

In sports betting I believe that you will always go for the team that you know and you are familliar with. I think we can say that the team you are rooting for. It is just simple, are you gonna go for the team that you didn't know like the plays, technique and strategies? No right? You will choose the team you know and you are believing that has a possibility of winning in terms of its value, techniques and strategies. It is okay to bet in sports anytime but of course, you need to consider to research and to widen your knowledge or information about the specific team.
1415  Bitcoin / Bitcoin Discussion / Re: Does BITCOIN make a person's life better !? on: March 10, 2021, 12:55:13 AM
It will depend on how you view cryptocurrency, how you treat crypto, and how you manage all your risks, funds, and emotions.
Yeah, crypto may make our life much better, get much money from it, being rich and others. But it may be also the opposite.
Because it could be that crypto can make you suddenly poor because you don't really know what crypto risk is and just follow other people.

I agree. Bitcoin is a very risky thing that we need to understand in other for us to fully enjoyed what truly beautiful and helpful it is. Many people see bitcoin as a scam and mostly negative side because of its being volatile that can change value from seconds to seconds. They don't understand the idea of the market and the idea that your money or earnings might grow. For me, bitcoin is a very helpful thing and can make a person's life better by means of making it as a sideline or investment in order to earn a good and very meaningful profit.
1416  Bitcoin / Bitcoin Discussion / Re: Democrat Senator Warren attacks Bitcoin on: March 09, 2021, 03:12:44 PM
If we think well about the nature of the cryptocurrency market, the factors that influence the price of the market, and the seasonal market trend (bullish, dump, correction, altcoin and the market blood bath season) which have some lead to the loss of a lot of naive cryptos investors/traders it natural for Democrat Senator Elizabeth Warren to believe Bitcoin will end badly. Besides, when the blood bath happens after this bullish a lot of people will also feel bad about the market but the way round it actually opens the door for a new market opportunity.

Bitcoin is decentralized. There is no one controlling it and the value of it is depend on the market trend and the things you've also mentioned. I think Sen.Warren in other hand doesn't fully understand the nature and aspect of Bitcoin because if she does, I guess she will state something but not rushly assumed about it. Bitcoin is a very risky investment as we all know. People often tells that you must put only the miney that you can afford to lose. But the problem is in tge person if he /she is a greedy one that doesn't strategized about the things and end up losing. I think Sen. Warren will somehow realize in the next few days, months or even a year.
1417  Economy / Service Discussion / Re: Artificial Intelligence Engine App predicts price movements on: March 09, 2021, 11:20:41 AM
It is unlikely that this technology will be available to the mass of people, otherwise the system will break down

I also believe that this kind of idea will definitely used by many people even though we say that in the future it might have some like payment everytime you used it. But I am wondering if this kind of idea would be possible because as we all know the price of the market depends on the market trends and transactions. This kind of AI might hard to detect the market if it is a person's decision to buy or to sell his holding. AI might have some struggles in determining the price and might end up not that so reliable in terms of partner in trading and sets.
1418  Bitcoin / Bitcoin Discussion / Re: The Major Risks in Crypto Business on: March 07, 2021, 05:53:30 PM
The major risk in opening crypto business is the volatility of the coins in just a matter of second or hour the price would crash so fast that may affect your business that's the only risk that we should be concern of also I think for major currency like Bitcoin and Ethereum the transaction fee should be consider as well.

The major idea of crypto businesses is that you need to know wether where to selll and where to buy. I agree that one of the risk in cyrpto is that its being volatile because this means that each minute or even seconds, the price of a single coin or token will change. It might go up and it might go down. I think it is depend on the market trend and transactions as well as the whales or the large buyers and sellers. Crypto business is risky because you will invest in a thing that isn't stable and very volatile. Instead of earning and making profit. You might be lose and end up in bankrupt.
1419  Bitcoin / Bitcoin Discussion / Re: Has Bitcoin Failed as Money? on: March 07, 2021, 05:30:04 PM
Tried to pay with bitcoin a couple of times, but always found the fees way too high.

The thing is, paying with Bitcoin is possible if there is no hype. In 2018/19 I paid a lot of bills by paying not more than 20 cents in fee. Indeed, this is still high if you have small transactions like $2 or $3, but okay when having $20 or $30 or even more. But each time Bitcoin is demanded and hyped then fees rise to the sky.

Actually that's the reason why it is called decentralized. Bitcoin value isn't that stable so it is true that it is risky to hold or to put your funds in bitcoin gor a long time. Making transactions using a bitcoin will give you fees that are depend on the bitcoin value and the price of what you need to pay to. Bitcoin might be have high fees but your money might get higher and earn some profit also, right? We need to be familliarize to the idea that bitcoin as well as the fee will always gonna be unstable because it is cryptocurrency. And crypto have high risks but also have high rewards.
1420  Bitcoin / Bitcoin Discussion / Re: Spend or HODL Bitcoin during COVID-19? on: March 07, 2021, 04:35:53 PM
In my opinion, the right thing to do during COVID-19 is to save most of the assets we have, not to buy / spend so that we feel satisfied but to use our assets only to meet needs, not wants. We will not know how much the price will be, the market can only be seen in terms of enthusiasts. In economics, price increases and scarcity are caused by unbalanced supply and demand. So we can conclude, if we continue to sell assets (Crypto) there will be a decline in prices because the total supply decreases. Therefore, be wise in transactions so that prices can be even higher.

Actually, this is true. We must know when and where to spend our money so that we may able to have some when in case of emergency situations. Holding bitcoin is a very helpful scenario because ee all saw how bitcoin become progressive this past years. From the beginning of the pandemic it cause us to have a total lockdown in different countries. Many people lost their jobs, children stops from going to school and earning or jobs are disabled. Many people have lack of resources in their house because they didn't able to make profits. I guess holding is a great idea but you need also to think of a way to earn that fits the current situation which is the pandemic.
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