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October 02, 2023, 08:35:26 AM *
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1  Economy / Trading Discussion / Re: Trading can ruin you on: October 01, 2023, 06:44:55 AM
Trading is most times profitable and sometimes challenging to traders, but it can ruin you just as gambling if you don't know how before venturing into it,  I have had a handful of terrible experience while trading and I discovered that it can return you to square one in terms of your finances if precautions is not taken.

Though am a better trader now, but I still thred with caution,  the best way for newbie to navigate their way in the market is to buy and hold, then sell when the price goes up.
When it comes to future market, newbie should stay off because it's for experience traders, even if you run a poll of people to tell of their experience in trading in this forum, %80 of people will rule out trading as a no go area based on their terrible experience while trading.

So newbie, stay of trading futures if you know nothing about technical analysis or fundamental analysis for not to be ruined.

Buy low sell high is easier said than done. We all have been there and sold the coins in panic.
We should have a strong self control to stick to our targets and stay focused because during the times of high volatility, it's hard not to sell.
Staying away from futures is mandatory for newbies though. Newbies shouldn't go for futures as long as they know what they are doing.
2  Local / India / Oct 1 | Tax on online gaming & casinos set to 28% on: October 01, 2023, 06:24:41 AM
Starting October 1 which is today, new GST rates are applied on earnings from online gaming, casino sites and horse racing.
Earlier, tax was applied on net winnings from online gaming only if the winning amount was more than 10,000.
But then later it was announced that TDS of 30% would be applied on all online gaming winnings.
Now they have decided that it would be 28% GST on online gaming winnings which is a relief of 2% from previous tax rates.
I had also made a post about it earlier 30% TDS on online gaming

But the question is that tax rate for crypto earnings is still 30%. So the earnings from crypto gambling sites would be taxed at 30% or 28% ?
I personally think it would be 30% since crypto is involved and the government wouldn't leave a place where more tax can be collected.

Source: Online gaming: 28% GST comes into effect from October 1, CBIC makes announcement
3  Economy / Gambling / Re: Navigating the World of Online Gambling on: October 01, 2023, 06:07:13 AM
There are some gamblers who come to know about their addiction to gambling even after a long time. There are many people who do not understand the addiction even after gambling for a long time. Gambling has negative effects mainly for those who do not understand the addiction. There are some gamblers who take a break from gambling temporarily when they lose their money and become active again after managing their money. Those who are able to understand them as addicts should share their gambling thought with someone they trust so that he can give him good suggestions to recover from his addiction.

I fall under the category of those gamblers who take a break after losing a decent amount of money in gambling.
Mostly the breaks are for few weeks until I make a new deposit again and start gambling.
I think it is necessary to take short breaks so that we don't get addicted to gambling.
It also makes us a responsible gambler by keeping a track of our losses.
This is good because you can indirectly limit and control the gambling activities that you have carried out because most of the gamblers out there still find it difficult to stop gambling when they lose and they are more likely to choose to continue playing or betting in the hope of catching up on their losses.
When you can stop easily to rest then you have become a great gambler and not all gamblers can be like you.

Moreover taking a break when you experience defeat can make you calmer easier to control your emotions and of course you can come back again in the future full of confidence.

It does require a strong will to stop though. We all know how tempting it can be to just keep trying your luck to win more.
Even I have experienced losses like these once upon a time but then taking breaks made me understood that it will ruin my bank balance.
Once losses go above the budget then the problem starts and the fix was to limit the losses and set up a strict budget for gambling and follow it strictly.
4  Economy / Gambling discussion / Re: Casino is a Games of Chance and Entertainment on: October 01, 2023, 06:03:06 AM
Stopping to repeat mistakes in gambling is easier said than done. I guess everyone knows some of these spectacular poker hands at the WSOP. That's a great example because most of the time the winner was someone who made a good number of mistakes. There are some of the wildest hands only because someone made a mistake almost knowingly and everybody else knew it as well. Jamie Gold is one of those guys who played really bad in so many situations and yet being the winner was the result. In the end these games all involve luck and you can play perfect poker, make all the moves that everybody thinks are right and yet the chance to win a huge tournament are so damn little. Imagine you play 10 hands in the showdown with a 90:10 chance. If you were to go for these 10 showdowns, the chances are quite high to lose it.

I think in a casino it is really much less about strategy, but I don't know too much about it. Though when I think about roulette, the best chance I can get is a little below 50% of winning per round. There are lots of videos on youtube with special tactics and how they get debunked because it's just not true unless some illegal stuff is applied. If anyone here knows a strategy with guaranteed profit, feel free to share it Tongue

If there was such a strategy then why would anybody share it ? They would keep it to themselves instead and keep making money while they can.
Gambling does involve luck and without that nobody is gonna win. In fact all those you people who win despite by making mistakes are winning because of luck.
But the wise ones are those who identify their mistakes and rectify it the next time.
5  Bitcoin / Bitcoin Discussion / Re: Bitcoin and gambling which one has done you more harm on: September 30, 2023, 03:02:48 PM
When we gamble what we are looking after or expecting is money which is [profit] and when buy bitcoin and invest what we are looking after is [profit] and when you so many people they skip bitcoin investment to gamble and some uses very big amount of money to gamble whereas the same amount of money will achieve some fraction in bitcoin investment. So I come with this question to know the thing between this option or words I presented the one that done you more harm, if bitcoin  has done you more harm during the times you invested in bitcoin you can tell the public and if gambling has done you more harm by losing in gambling frequently you can also tell the public.

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

Lol. I am sure most of the people would say the same thing that it's gambling where they have lost more.
Bitcoin is in fact very safe when compared to gambling. Holding bitcoin for long term has only made profits to me.
Whereas more than 90% of the times I have lost money in gambling.
6  Bitcoin / Bitcoin Discussion / Re: What will you do if your country did not legalize cryptocurrency? on: September 30, 2023, 02:50:47 PM
Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

Bitcoin is decentralized and even if the government doesn't legalize it we can still use it. All we have to do is find a P2P connection that is genuine.
I know it might sound like going against the government but if you believe in something then you should do anything to achieve it.
I trust in bitcoin and holding bitcoin is not a crime. It's just that we shouldn't use it for the wrong purpose.

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

If the government is passing a law that people can be arrested just for holding bitcoin then there's something very wrong with the government.
In that case I would be thinking of shifting to another country where the laws are better.
Even if I am not able to shift to another country then I would sell my coins but keep at least some portion of it where the government is unable to track it.
May be in future if the government withdraw the law then those coins would give a boost to my portfolio.
7  Local / India / Re: ZebPay Teams Up with Brave to Offer Rewards Program to Users in India on: September 30, 2023, 02:40:43 PM
I guess this partnership will be a good advantage for both Brave browser and Zebpay exchange.
But I wonder how much were users earning earlier when they were getting these rewards.
I remember my friend taking part in this program earlier but he wasn't satisfied with the rewards.

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

I did like the tech behind BAT project back then and also took part in it by downloading the brave browser.
But I was more comfortable using firefox right from the beginning and hence gave up using brave.
I did hold on to BAT token for few weeks but then sold it back in those days.
I do remember one of my friends bought BAT token around 4-5 years back and is still holding on to it.
8  Economy / Gambling discussion / Re: Casino is a Games of Chance and Entertainment on: September 30, 2023, 02:34:14 PM
This has been discussed way too much and I believe there is actually no point in doing that at all because someone would barely change their mind by solely reading such posts or anything and they will still have the same mindset that they've always had. You might school someone regarding gambling and tell them what they should and what they shouldn't do when gambling but at the end of the day, they will just do what they think is the right thing for them.

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

If there are people who are not learning from their own mistakes then they deserve the consequences of their mistakes.
Every gambler is wise enough to identify their mistakes. If they don't stop repeating it then it's obvious that they will end up in a crisis.
That is what has been happening till date. Some learn from their mistakes in gambling and fix it while others end up in debt.
9  Economy / Gambling / Re: Navigating the World of Online Gambling on: September 30, 2023, 02:17:03 PM
Yes, obeying your own rules to limits gambling is indeed difficult if you are already addicted to gambling, but all this can be prevented if gambler are able to thinks clearly and can do it responsibly so that they can controls themselves and still be able to set these limits so that they don't experience too much many losses because they are able to obey the rules that they themselves apply.
and this is very important to apply to every gambler not to overdo it when playings so that they can still create limits when gambling.
Gamblers who are addicted to gambling must begin to realize that they are addicted to gambling so that they can think about what they should do to reduce their gambling addiction. If he can't control himself and instead gets deeper into gambling, he probably won't have the chance to reduce his gambling or even stop gambling. If they could accept the fact that they are addicted to gambling, they might be able to see that they still have a chance to reduce their gambling addiction. If he can be honest with the people around him about his problems, he may be able to get solutions from those people and can start to reduce his gambling addiction with the help of those people.
There are some gamblers who come to know about their addiction to gambling even after a long time. There are many people who do not understand the addiction even after gambling for a long time. Gambling has negative effects mainly for those who do not understand the addiction. There are some gamblers who take a break from gambling temporarily when they lose their money and become active again after managing their money. Those who are able to understand them as addicts should share their gambling thought with someone they trust so that he can give him good suggestions to recover from his addiction.

I fall under the category of those gamblers who take a break after losing a decent amount of money in gambling.
Mostly the breaks are for few weeks until I make a new deposit again and start gambling.
I think it is necessary to take short breaks so that we don't get addicted to gambling.
It also makes us a responsible gambler by keeping a track of our losses.
10  Bitcoin / Bitcoin Discussion / Re: A creative way to introduce BTC to newcomers on: September 29, 2023, 03:24:40 PM
One of the biggest issues that I find is that Bitcoin seems to boring of a topic for most people...technology, money, socio-economic issues...
So for the past year and a half I've been working on this piece of art that turned into a newbie-friendly, fun and colorful mini movie,
that takes you through the roller coaster ride of bitcoin's 13-year history Smiley


https://youtu.be/Fvt1Ma1Nep4


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

If this art was really done by you then you are really creative at your work. It was amazing.
At first I thought you have drawn it on a paper but as the video went on I found that the drawing is actually on the walls.
Although the information was generic yet I feel it was truly a great video for everyone to watch and especially the newbies.
11  Bitcoin / Bitcoin Discussion / Re: What will you do if your country did not legalize cryptocurrency? on: September 29, 2023, 02:46:46 PM
Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

Bitcoin is decentralized and even if the government doesn't legalize it we can still use it. All we have to do is find a P2P connection that is genuine.
I know it might sound like going against the government but if you believe in something then you should do anything to achieve it.
I trust in bitcoin and holding bitcoin is not a crime. It's just that we shouldn't use it for the wrong purpose.
12  Bitcoin / Bitcoin Discussion / Re: Banking scams ...How are Bitcoin better? on: September 29, 2023, 02:39:32 PM
The Banks are continuously improving their service with offering that are more user-friendly and easy to use. One example of this are "Contactless Card Payments" where you tap your card for small purchases.

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

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

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

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

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

Don't you think that all of these issues are present because of the ease of convenience of credit cards ?
Any person can increase/decrease the credit card limit by just logging into their account and just doing few clicks.
We have physical credit cards so that we can easily make payments.
Further more they added tap feature to make it more easier to make payments without any pin.
All of these are making us more lazy, less secure and more prone to attacks.

Bitcoin is already better by making it harder for attackers since we have to enter the address, the private key/pin, double check everything and then make the payment.
There might be a little inconvenience in using bitcoin (although I don't feel it) but it's worth it considering the fact that we own our coins and it is secure.
13  Other / Beginners & Help / Re: Should newbies invest with small capital in BTC on: September 28, 2023, 04:25:47 PM
It is very important for newbies to know how to own and manage bitcoins in their wallets. They need to explore and get very comfortable using bitcoin.
Newbies should invest a very little amount into bitcoin before they get comfortable using and know how to secure their coins.
Once they become good at it then it's their personal choice and can invest whatever they like as long as they believe in it.
14  Other / Beginners & Help / Re: Why do hacks still occur? on: September 28, 2023, 04:21:10 PM
As long as we are using computers/mobiles or lets say any machines, they will be hackable because there is no perfect code out there.
Even the best code can be vulnerable is an expert tests it. Every system has bugs and only the master minds can find it and exploit it.
Besides that, there is a shortage of cyber security employees which is why companies fall prey to such attacks.
15  Economy / Gambling / Re: Flip or Trade? What’s The Bigger Gamble? on: September 28, 2023, 03:59:04 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day tricking cannot be directly said as a gamble. There are people who do perform their analysis and set their targets.
It's more of a prediction game than a straight up gamble. The bigger gamble would definitely be trading.
There are lots of people involved in it and the amount accumulates in millions when trading.
As for the coin flip, I don't think a lot of people are doing that.

Not because there are lots of people day trading, it is a bigger gamble.  I think to say when it is a bigger gamble is by simply looking at the mechanics and how the risk is mitigated.  Besides gamble is related to risk.  The bigger the risk, the bigger the gamble.  So in day trading, as many of the replies stated, the risk can be mitigated and those who are expert on trading can even reduce this risk to the minimum.  While in coin flip, no matter what the gambler do, he cannot reduce the risk nor increase the chance of losing.  So between the two, it is the coin flip that is has the bigger risk so it can be said that it is the bigger gamble.

Oh, I get it now. Yes, it makes sense from that perspective. Coin flip definitely has higher risk when compared to day trading.
Yet, the question is, are people even doing that? I mean are people gambling on a coin flip ?
Even if they do, the number of people would be very low.
16  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 28, 2023, 03:55:05 PM
You get happy when you receive a free Golden Ticket.
You become more happier when you receive the free Golden Ticket from the free WoF spin from email.
That's how I got this free GT from the mail. Lucky day. That's the importance of spinning the WoF spin from the email. Never miss it.


Your post reminded me to re-claim wof from email subscriptions because I haven't claimed it for quite a while.
It's true that getting 1 golden ticket from Wof email is quite fun because it opens up the opportunity for you to get a Lambo, even though the chance is very small and you could almost say it's impossible to get it because you're competing with those with more golden tickets, but at least it's enough to open up your chances of getting in the lambo raffle.

I hope you didn't miss out many of those emails because 1 WoF spin is sent almost everyday and so just imagine how many rewards you would got till date if you had utilized all those free spins.
We just need 1 lucky ticket to win the lambo and so we never know when we get the lucky 1.
Even if we don't get any GT, we still get those nice rewards. I have even got 5k sats from free spin from email few months back.
17  Economy / Gambling / Re: Flip or Trade? What’s The Bigger Gamble? on: September 27, 2023, 04:46:39 PM
Lost in the whirlwind world of day trading? It often feels like a maze with big folks and their flashy tools, leaving us hoping for a stroke of luck. Imagine ditching the tricky charts for a simple, real coin flip, person vs person, with a fair 50/50 chance. No gimmicks, no house edge, just a clear, honest game.

What’s your take? Does day trading seem more of a gamble compared to a straight-up coin flip

Day tricking cannot be directly said as a gamble. There are people who do perform their analysis and set their targets.
It's more of a prediction game than a straight up gamble. The bigger gamble would definitely be trading.
There are lots of people involved in it and the amount accumulates in millions when trading.
As for the coin flip, I don't think a lot of people are doing that.
18  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: September 27, 2023, 04:40:06 PM
You get happy when you receive a free Golden Ticket.
You become more happier when you receive the free Golden Ticket from the free WoF spin from email.
That's how I got this free GT from the mail. Lucky day. That's the importance of spinning the WoF spin from the email. Never miss it.

19  Local / India / Re: Indian crypto exchanges under regulations of RBI on: September 25, 2023, 03:56:04 PM
If RBI is given the authority to regulate crypto in India then the regulations will obviously not be in favor of the crypto community.
But global rules would be implemented to regulate cryptocurrencies and so I wonder how RBI will put itself foreword in that direction.
20  Other / Beginners & Help / Re: My first knowledge in Bitcoin/Bitcointalk on: September 24, 2023, 04:29:27 PM
I heard about bitcion from my uncle and he has been talking about bitcion since February 2022 and have been hearing how bitcion pays and support youths. If invest in long term. And he also warned me that bitcion is not get quick rich scheme and there are different ways one can get bitcion. And the ones he told me were:
1) buy bitcion and store it in the wallet for the next bull market   to come. And he told me to buy it in the bear market and invest it for a long term investment for like 3_5 years period, so I am planning to invest for the long term.
2) trading is the buying and selling of bitcion in the market at all time or anytime which gives you profit if you can trade well. But trading is more risk than investment.
3) mining is the solving of mathematical problem through computing system when someone send bitcion to a recipient, a minor must mine the cions in the blockchain before the recipient will receive the coin.
         Conclusion:
In my incusive to know more about bitcion, he told me to register in bitciontalk so I will be learning and knowing more from there. So if I make any mistake in any of my writing, please correct me. I am open to correction.

You have come to the right place. This forum is as vast as it can be. Do work on your writing skills though.
Start developing a habit of reading because that is what will get you the immense knowledge about bitcoin you need.
Your primary goal should be learning as much as you can followed by knowing how to securing your coins.
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