With addiction as a side effect of gambling, I do wish to know what exactly the success rate of your gambling is. How many times have you not found yourself facing simply losses and that you still pin hope on success?
Gambling allows you to think that you will win every time in spite of the losses that you incur. You feel that success is just missed by a margin as thin as a hair. Every time you lose, you do feel that success was almost there and you could have had it almost certainly. And since it was almost a success story just missed by a very thin margin, you do not mind going in for another try only to miss again by a thinner margin! One success and you are happy. But does it stop? No. You feel that your efforts have now borne fruit and here onward you will surely win every time you take a shot in that game. But what happens? You lose again by a margin thinner than the previous time.
In this way we are lured every time for that success almost at hand, which we saw but could not get hold of. And we try time and again because it is so near. The truth is that you will find you end up losing everything in the hope of laying your hands on that success. Only the extremely self-controlled man will stop himself from further gambling the moment he tastes success.
True, many times one success can compensate for all the losses incurred. But what we miss is that that success itself is extremely rare. It is not a bad thing to have hope. But hope serves when we work hard towards success not otherwise.
You have just summarized the answer to questions that surrounds ''Why do you keep coming back'' to gambling and most times the reason why people still keep on going back is greed and that is when addictions sets in. For a mild gambler, there is nothing wrong to lose its part of life. Several times you attended interviews and you just didn't know what you said wrong just that you were not called back, its a thin line as well or a thinner line. For me, I am going to play, when I lose, I come back again next time only when I can afford it alone. @the bolded, its not only at the point of winning that a self controlled individual is needed but also at the point of losing not to be blinded by the quest of revenge and end up losing the more. |
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The two articles quoted are not entirely correct. While the first article written about 4 days ago was merely a speculation while the other on Coindesk was since December 2017 which was expected to happen considering that was the time when everybody wanted to invest in bitcoin due to the All Time High witnessed at the time. If the news is anything to go by, I expect that they should have finish their planning for six months and invest as planned but of course its not happening. Anyone who invest based on "planning" does so at his own entire risk. |
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For someone of his status making statement like this, it sure have some audience who will want to hear the direction he is going. I have read several statements he made in support of bitcoin but now he saying something else. Why? No one knows but I think he is trying to not put himself in an impossible situations where by virtue of morality, he might feel responsible should bitcoin fails and anyone who relies on his word to have ventured into the crypto industry or maybe he is under pressure to take back his word due to sensitivity surround his own personal ambitions.
I believe this is another confirmation that any decision made should be solely by the individual and not relying on anybody or celebrity to make such. Those who relied on him now are in a state of confusion after he had admitted he only has one bitcoin left and also to look on the bright side, for someone like him to be scared of market forces which pushes him to sell, maybe the "whales" are getting to him or there is no "whale" just market forces playing mind games.
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BITCOIN got an unlikely boost yesterday after Facebook became the first major technology firm to reverse its decision to ban crypto advertising. One expert said that Facebook’s step will help take the bearish crypto market "back towards the bulls." Bitcoin is priced at $6,108 following an overnight dip and recovery. Ethereum has dropped to $433 with Ripple down at $0.46. Facebook has decided to drop its controversial ban on cryptocurrency adverts is what could well be a massive boost for all cryptocurrencies. In January Facebook said that it would “prohibit ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency.” The statement announcing the u-turn said: "In the last few months, we’ve looked at the best way to refine this policy — to allow some ads while also working to ensure that they’re safe. "So starting June 26, we’ll be updating our policy to allow ads that promote cryptocurrency and related content from pre-approved advertisers. But we’ll continue to prohibit ads that promote binary options and initial coin offerings." More... https://www.express.co.uk/finance/city/980757/Bitcoin-price-ripple-cryptocurrency-ethereum-BTC-to-USD-XRP-newsI was thinking if the news had insisted that price was still in the "bull" position, I would have wondered if I am looking at another bitcoin price or there is another global market different from the one I watched but alas its still the same thing and price has equally gone above $6000 even though its just by a small margin. I think its good that its happening that way because if there had been a significant increase in price because of review of policy of Facebook then its like giving all the glory to Facebook as the determinant of the price of bitcoin. More so, I don't expect a drastic increase in price which has been decreasing since they started the policy lasting for months and I would be surprised if a review of policy and not even the eradication of such policy would cause such expected increase in price. |
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This is real good news and its something that they should have done earlier because its just an outright dogmatism for one to do generalization based on the actions of few that does not represent the majority. Facebook has been a platform that have attracted lots of people into the crypto fold and there is not doubt that the effect of the ban has been a contributing factor that has caused the downward trend that has been happening since the beginning of the year. Legit exchange sites or wallet service providers I believe won't have any difficulty meeting the conditions listed.
I hold other platforms can begin to review their draconian policies while those planning to launch some in the near future can begin to shelve such ideas.
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They don't like it when you beg, even perhaps when you are begging on behalf of others.
But I like your post and it's a great idea. People should collect merit worth posts and add them to this thread because someone should call them out. So what if you don't have merit points to give. That system doesn't work (as your post clearly demonstrates). Perhaps they need some sort of nomination process so older accounts can have some help. These are just people who didn't used to have to be involved at all in rankings and are now now for some reason expected to be rank granters of sorts and judges of post quality. Sucks for them. Who says that (1) want that role or (2) are good at it?
I like your post. I would give you merit for it, but I barley have any. But again, be aware...they are pretty touchy about merit and don't like people making suggestions like yours - from what I've seen.
And as a side, the best way to get merit seems to be to praise the merit system, not criticize it.
While its noble to want to get merit for deserving posts based on your own understanding, there is no unified parameter on what a deserving posts should be because we all have different things we attach values. For example, one of the posts you quoted there relates to mining while another relates to technical part of the blockchain ecosystem. These topics as interesting as they might sound to someone else, it does not appeal to me to give a single merit and that is why sometimes when I make post which in my own eye is of good quality, solve problems, add value and merits should be flowing, it does not happen while those ones I am not too keen about gets merited. I feel the merit system has come to stay and people should be encouraged to give merit but skeptical to do this because its limited and can be exhausted in no time. |
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My partner was a gambling addict for many years, and I put up with it as much as I could for many years. We had talks about it. We had fights about it. Sometimes we went for weeks without speaking to each other. Many times after promising to quit, she'd quietly go back there and lose more money. The children would stay up until late into the night waiting for their mother to come home. Where's mommy? They'd wake up tired for school the next day. One night after she came home, something inside me snapped. I had enough!! I told her to get the F out of my house and to take all her crap with her. I told her that I'm going to divorce her and take the house and the kids. I told her that I have copies of all her bank statements showing how much money she's been squandering at casinos and that no judge in his right mind would give a gambling addict custody of the children, besides she was always broke. I was seeing red and I was fully prepared for the ugliest divorce and custody fight ever. Do you know what happened after that night? She quit gambling. It's been 6 months or so since that night, and I have to say thanks be to God for answering my prayers and bringing this whole ugly problem to an end. I've never been that angry with her before, and I guess that is what she needed to see before she quit. I showed her the brick wall that she was heading for and she slammed on the brakes.
That is a pretty amazing story, I mean the part where you mentioned that she eventually quite after that one night. 6 months of no gambling is pretty long for an addict, I hope she doesn't re-lapse. What would you do if she does? Also be very careful that she doesn't do it behind your back. I've read stories of gambling addicts taking out credit cards in their spouse's name. I went to the casino a few times after that night when she was late coming home from work, but I didn't find her there. The children told her that sometimes we drive through the casino car park looking for her car. She asked me why I do that. I told her that I'm keeping an eye on her because she promised me that she had quit many times before. Now she spends just as much money on clothes shopping which she couldn't afford before. I'm not sure what I'll do if she relapses. I'm taking it a step at a time for now. This is really a deep story though because I never believe that anyone should be judged for being a gambler but based on this, I tend to review my stand and maybe there is another level one has to get to, in other to be referred to as a ''Gambler'' because I also play and sometimes I win sometimes I lose but I never got to the point of not being able to control and even when I could predict the outcome of a game perfectly, the fear of losing sometimes stops me from going ahead with it. I don't know if I qualify to be called a gambler or just someone who likes to try his luck. In your own case, I think you need to still keep up with your watchfulness of maintaining her activities because its not that easy to just quit without trying it once in a while and also, you need to take charge of the finances. Every money spent needs to be accounted for because for the fact that more money is available for shopping does not mean gambling has stopped rather its could be less money now spent on gambling and that's why you need to still be vigilant. Wishing you the best. |
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President Donald trump has made China his economic rival by announcing to impose hefty trade tariffs, but the Chinese respond to by increasing duty of their own : sparking the prospect of a trade war that has now impacted on global stock market
At the end of the day, its the masses that would bear the brunt of the whole economic saga. For the presidents to start something like this, I am sure they must have thought it through or maybe not because from my own analysis, it then means that by increasing the tariff from the Chinese goods, the price would increase which would be passed to the final consumer and they would in-turn complain about how the government of the day increased their hardship compared to previous government running the country. The same thing goes to the Chinese citizens too except government is making available another source of reducing the citizens financial burden. The best is for the two leaders to meet at a round table because none of them pays for anything they use so they won't feel the effect. |
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Hey all ,
I unfortunately invested with payforks cloud Mining last month. When I tried to withdraw, It was disabled. I was asked to get IMP/IRS certificate to validate my investment. I was given a link of a company called IISC to get Certificate from so, I contacted them, they asked me to pay $2173(BTC) for Certificate to withdraw my ROI without any delay or interruption. So I paid for it, I was told that certificate was linked with my account and a code to withdraw would be sent shortly but got in a werk. I sent the code to the platform so that I could make withdrawal, but I had the same problem with withdrawal so I sent them several massages but had no response.
Now I would like you people suggest what should I do and how to find out if they are really scammer as they paid out till the end of April 2018. I was told , they have some problem with taxing authorities so they for the time being stopped paying out.
The simple truth was that you have been scammed not once but twice and that is purely your fault and I don't know why you allowed yourself to be scammed that way. First was when you invested with them and secondly when you go ahead and pay them for a non-existent certificate. Cloud mining has been the surest route to getting scammed in addition to the fact of excessive returns which must have encouraged you to invest in the first place and also pushed you to pay for the 'certificate' because the amount you are expected to have access to after that is way above the amount requested. I can only say you have learnt your lessons and its time to move on and also for bringing enlightenment to people who might be thinking of engaging in that kind of investment. When its too good to be true, its a false situation which is abundant in this crypto economy. |
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I don't think those old golden days gonna come soon, banks and government have joined their forces to regulate bitcoin making it almost like fiat. You can't just exchange bitcoin or buy/sell it for fiat without getting noticed by government or tax officers. So point of privacy while dealing with bitcoin at some point might just become a psedotruth.
What you guys think about this?
Eventually this is what will happen and the earlier we realised that one way or the other, the anonymity would be broken and there is no way out of it. The only route I see is having a separate network away from the established one. There is no way a crypto card would want to pass through either Visa, Master Card or PayPal to fiat without going through the hassles of complying with what they decides. But if we have a separate one that does not rely on any of these major infrastructures, then the good old days can be gotten back. Another concern is which company would want to invest the huge amount of money without having to register with government and be known to it which then bring us back to the beginning that the good old days is not coming back. |
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I was searching all over the internet and could not find the answer.
Are crypto casinos legal ?
Do they need a license ?
Are US and China citizens allowed to play in that casinos ?
I'm talking about casinos that accept only cryptocurrencies. (No fiat money)
The internet I have come to agree that it does not have all the answers or say the section of the internet we have access to does not have all the answers. When it comes to the legality of crypto denominated gambling, I think a visit to the gambling section of the forum would provide answers and focus should only be on those sites that have been in existence for long and are big enough to have legal troubles and how they deal with it. There is equally a thread on the economic of gambling on a country but with more pressing, he could give a report on crypto specific. I know some obtains license from some countries which gives them the legality to operate. For US and China citizens, they are restricted to participate in ICOs, the same reason why they are also not allowed to participate on crypto gambling sites. |
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According to a Wall Street Journal editorial published today (paywall), the advertising ban on Bitcoin, and other cryptocurrency services from being able to advertise on Facebook's and Google's advertising platforms may be against anti-trust laws. The rationale, according to the author, who is an antitrust attorney, is that GooglePay, and Facebook Messengers p2p payment service compete with Bitcoin and related services such as Coinbase. The author also noted that both Google and Facebook have announced initiatives for various blockchain- and crypto-related projects. The author cited Lorain Journal v. U.S. (1951), in which the US Supreme Court held that businesses may usually “refuse to accept advertisements from whomever it pleases,” they may not refuse advertisements that harm its competition. The publicly stated reasons for the bans is that crypto-related ads had a very high rate of fraudulent and deceptive advertising, however the author notes the US Supreme Court held in FTC v. Superior Court Trial Lawyers Association (1990), that “social justifications for the restraint of trade don’t make the restraint any less unlawful.”
What are your thoughts on the advertising ban? In general, may in the Bitcoin sphere probably do not like the idea of the government telling companies how to conduct business. I think its good that someone is looking at things from another point of view that was not open to people before because a lot of crypto enthusiasts have accepted "fate" about this two advertising giants refusing to allow crypto related ads on their respective platforms and this could actually open up a new line of discussion if given the right publicity and even relying on pronouncements made by the highest court of the land. I have maintained that the reason posed by there people had been a flimsy one though because scam activities are still being carried out on Facebook without any relationship to bitcoin or crypto currency. The issue now is, there is difference between pronouncements of the courts and the enforcement of such judge. Who will then enforce this one in favor of bitcoin. Which then means we are still at the mercy of an organisation recognised by law to enforce this judgement as this is where the problem lies to ensure that the "may" in the judgement is "should". |
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I'd like to start this off by saying I am really young and have never had to deal with taxes, I'm also new to Bitcoin.
So lets say I get paid under the table (off the books) in Bitcoin, could I simply claim that the Bitcoin was mined by me, pay capital gain tax (or equivalent of that in my country) for selling the Bitcoin, and be safe? There's no way to prove I mined the Bitcoin myself (especially if I claim I do not have access to the wallet anymore), surely I can't get in trouble for that?
Depending on the situation of the law and the aggressiveness of the tax officials in your country, that is what will guide you in what you do. Over here, you before you claim to have a mining farm, it must have been incorporated under a certain name and every year government tax agents carry out tax audit on all companies in which the law allows them to still go backwards as far back as 6 years to carry such investigation and the moment they found something or nothing, the onus of proof is on you to disproof whatever conclusion they arrive and that is where the problem lies if this is applicable in your country. Any misrepresentation would be interpreted as tax evasion which is frown against by most country so I would suggest that you stick to the confines of the law and do what is right. You might go away with it now and be caught in the future. Ignorance at that time would not be a tenable excuse. |
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My thought to a business model like this is that, it would surely boost the confidence in the market as there are background check that would need to be done in other to determine a credit worthy individual. However, my concern is the practicability of this business model. Just like the scenario you painted, the only reason why background check is possible is because there is a database where its being cross checked and every data collecting organisation centralise information to the database which makes the data mining company's work easy.
In crypto today, most organisations operating the crypto world and that have implemented the KYCs to be best of my knowledge don't share data and don't even have a central data base as that alone even contradicts the existence of crypto currency which is the decentralization of data. Aside that, there is also no overseeing body performing an oversight on these activities. How do you intend to make this work.
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When something linger too long in thought, it then becomes the truth that an individual believes in. The issue of price manipulation didn't start today. What we are seeing now is giving credence to the various conspiracies of "whales" that have been spread in the market several times. For me, I try to stay objective to issues and so far there is no irrefutable evidence to show that this manipulation is happening, I rather not force myself to believe in conjectures. Thankfully, investigations have been launched and we just have to wait for the report, review it then pick a side based on that.
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these days we keep seeing how these throw away accounts here are warning you to sell your bitcoins and how you will lose money,...
you have to wonder why they are so worried about your money and don't want you to lose it so they are telling you to sell your bitcoins LOL.
you gotta ask WHY? what's in it for them if you sell.
i am not saying you should hold. i just want to raise the question that you should have been asking all along about those who create multiple throwaway accounts every day to say the same thing over and over again...
I feel the reason why they are encouraged to continue to do such is because its bringing the desired results for them. Your view is kind of related to my view concerning someone who is uncertain about whether to sell or buy. I have always maintained when people make posts about such "you should ask yourself that who will bear the gain or loss of this decision?" When you answer that, you then take such decision, only when you are ready for the outcome because surely there would be consequences which would be the determining factor as to whether a good decision or bad one was taken. Unfortunately, there is nothing that can be done about it because the market is a free one and people are free to express their opinion and as they are expressing it freely, so also are those taking the decisions either to their advantage or otherwise are doing so freely. |
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This is a nice concept but personally I don't feel it. If the dogs are not live animals that race just like we see in televisions and competitions, the issue if trust is not something that can be gotten easily because algorithm generated dogs here can be configured to outperform others at the expense of those who are coming as a third party. Again, the game is restricted to certain set of people and their interest. I for example don't like dogs and I don't even know the names of different breeds along with their capabilities in terms of natural speed, resilience, agility and life cycle which means by default, I am already at a disadvantage state coming to your platform to make a run for my money hoping to win.
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Bitcoin is too resilient to perish though there are fluctuations in the prices on the market. Market will soon stabilize in no time.Do you believe that?
The question you should be asking is, Why do you think bitcoin will not perish? And you will start seeing different funny answers as to why. Some might even say because Wall Street people are coming with money to invest, other would say because price won't just go down beyond certain level relying on some imaginary whales who are pressing the button behind the scene to ensure bitcoin remains relevant for them to continue to keep their wealth. While all of this might be true, it does not mean market will stabilise. Stability does not equal survival they are way not the same. The reason why I think bitcoin will not perish is because of the power machine behind it which is the blockchain technology and as long as this technology remains fool proof, I'm confident that bitcoin is not going anywhere at all. |
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Dear Bitcointalk community
Currently I am doing my bachelor thesis about the topic: What are the characteristics of a trustworthy blockchain project.“
I am looking for people, who are experienced with investing in blockchain projects, for an interview. Preferably, those people work in the blockchain industry, have an financial background (investments) or started to delve in to the blockchain technology/ -projects early 2017 for investment purposes.
The interview would go 30 to 45 minutes and will be recorded, but it is completely anonymized via Skype.
In return, obviously the interviewee can see the results of my thesis, if he is interested.
Feel free to pm me, if you are interested or have any further questions.
Regards,
-N
Sorry to sound unconcerned because if your topic has not been approved, you need to change it before going far in getting details that you might end up not using. This topic to me is not researchable as it sounds more like an essay question, an article topic, a contribution topic or a blog series nothing close to being a long essay talk less of being a thesis. The answers you have there is not something worth bothering yourself over as there are several threads that have been created running into pages discussing what you want to spend your time on in other to earn a degree to the extent that now, any topic created for that could be interpreted as spam. A quick look at the altcoin discussion section of the forum would give you the answer and the responses are always the same thing. The team and the project itself which are the most important other contributing factors can then join in. |
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Is there always an increase in price?
As a rule, yes. But there are exceptions.
There are two cases when the news about adding crypto currency to the list of known exchanges negatively affects its market value:
Invalid information guides. They're fake. Sometimes even the most seemingly conscientious developers use them to warm up interest in their crypto currency. For example, the same ZCash was actively growing on the background of news about adding to Bithumb. And when in the specified terms the crypto currency was not included in the listing of the top exchange, its price fell sharply. Investor confidence in the project was shaken, and they began to massively drain the assets. However, after a while the coin still went to Bithumb and made up for lost ground. But experts say that reputation losses still affect the ZCash market value chart. There are too many sharp jumps and similar sharp kickbacks on it. It also happens that the information guide is anything unconfirmed by hearing. For example, last year the network had information on adding Ripple crypto currency to the Coinbase exchange. The news instantly raised the coin price by 15%. However, after the official refutation of the developers, it also sharply went down.
Exit to the exchange immediately after the completion of the ICO. Quite often, investors who bought tokens during the ICO are interested not in the development of the proposed technology, but in the quick earnings at the price of the asset after its appearance on the exchanges. As a rule, after reaching the trading floors, prospective tokens grow in price, because they are bought by investors who did not participate in the presley. But at the same time, the holders of tokens start to actively drain them, which leads to a decrease in the market value of the crypto currency. A striking example: in the autumn of last year, the Kyber Network token appeared on the Binance exchange. First they traded at $ 2.5 each, but because of the massive plum after ICO, the value of the coin just about halved a day, and fell below one dollar in a couple of weeks.
Investors who decided to make money on the effects of exchanges need to know one more important nuance - take-off always has a short-term character.
After a sharp jump in the rate, there is always a correction - this is the law of any currency market. And the more the price of crypto currency increased after it appeared on the exchange, the more it will fall during the correction.
Nevertheless, you can really make money on this effect. The main thing is to do it right.
Have you ever managed to earn this way?
When things like this happen, its good to look on the bright side and that is where I am going to focus. Just like a company whose stock is being traded on the country's stock exchange market, the moment there is a rumor that the company would declare dividend in the next couple of days, or they are about to launch a new product line that has not been launched in the market, or hire of a new board chairman who is reputable, its excepted that the price of such share would increase. However, if the opposite is about to happen such as the launch of investigation in its activities, found guilty in economic sabotage, engaging in tax evasion activities etc. Its expected price would fall. All of these two scenarios point to one direction which is confidence in the market because that shows the reaction of a rational investor. The same thing should happen in crypto market if the market is to be seen as fair and truthful. I personally would be weary and skeptical if a good news is found to be false and market price just didn't change. |
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