As we know that Gambling is prohibited in certain religions including Islam. If anyone does it, the earned money is not legal and is considered Sin.
But what if someone is promoting a gambling site on social media etc, will the money earned from it be legal provided he will never directly gamble ?
Just to add to this, its a conflicting thing though. I have seen people claim they cannot wear the signature of a gambling site whether due to religious or moral beliefs but won't mind any other services which could be an ICO, that could eventually scam people of their resources or maybe a mixing site which several other people have reservations about the kind of services being offered and what they are likely to be exposed to,. I think the interpretation of whether something is legal, illegal moral or immoral, is a personal thing and people should be allowed to make their decisions and be respected for it so far they are not inflicting any injury on anybody for holding such belief. |
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I was looking for your FAQ section, but to no avail.
Can you include this section also on your tab - please include min deposit/withdrawal?
Though you can see it when you click the deposit and withdrawal tab under your account.
But might be helpful for those who want to see it at a glance.
Also, might want to consider lightning network in your payment system.
How much are you charging for the min withdrawal of 0.02BTC?
Hi TimeTeller, We are working on FAQ as we speak. It will be available soon. Lightning network is very interesting, and we are looking into it, but at the moment just too risky for us. We don't charge any withdrawals.Br, Eva This is quite cool but you might have to start looking in that direction of charging something for withdrawals no matter how little because eventually when the volume starts increasing, the cost might become too significant to bear and the moment you want to start aggregating withdrawals in other to minimize costs, be ready for people suspecting some foul play. Another reason why you should consider that is because, when I know I would be charge for every withdrawals made, I tend to minimize the frequency of doing it and that to a large extent would give your own platform the opportunity to have some liquidity in the time being which would have been withdrawn should there be zero charges on such. |
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Fed, au and europe is about to cut rates.
But Why Bitcoin is Still low?
2017 was Even less rate cuts but btc was 20k.
Now everywhere is rate cuts but btc Price is Still low
Anyone knows Why its like that?
Its about understanding the cause and effect on the increase in the price of bitcoin in 2017 and to a large extent, the low rates have little or no effect on price at the time except I read of a superior argument. At the time in 2017, several factors were responsible for the all time high among which include the era of ICO making waves which in turn led to the increase of fresh funds into crypto, another factor is the advent of forks which was so popular that people were moved in other to benefit from the ''free coins'' that would come from such activities. With all of these happenings, the media publicity was equally the loudest which gave more exposure and a lot of people came in until the downward trend start happening. |
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This is really amazing, the Federal Reserve just printed some more toilet paper money and injected it into the financial market and the Bitcoin price takes a 5% nose dive.  How gullible are the investors that they would be willing to pull money out of their Bitcoin investments to fund investments in the over inflated stock markets. I think this is just another Bear trap in the making, because we all know what is going to happen on the 23rd of September, when Bakkt is going live! Let's stay calm and ride this out, because I am definitely not going to sell my coins to greedy scumbags, who are just into Bitcoin for the quick profits.  Do you think this is a Bear trap? Let's discuss......  You cannot conclude that they are gullible because to the extent of their own understanding they are doing the right thing. Also, government printing more money does not necessarily means creating money out of the tin air because a large portion of it would go to replacement of shredded notes that have been retrieved from the economy and also, huge money would have equally be expended in the printing of the money which means the effect in the area of creation of wealth is just going to be marginal if it will have any effect at all. On the relationship to the price of bitcoin, I personally think its really because bitcoin and the crypto market has not grown to maturity that is why its responding to the printing of currencies of just a country and this wont be there till forever. |
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DO you think we are going to see a recession any time soon, and if yes, will it pump the price of Bitcoin?
Recession has happened in the past and it has little or no effect on the price of bitcoin. Accepted that one of the factors of that led to the emergence of bitcoin was the great recession of 2008/2009 but after then several countries have been in economic turmoil having used their own hands to enter into recessions by making some costly economic decisions and bitcoin effect at the time was not significant enough to be able to attach to it to that. The point is, the line between bitcoin and the fiat economy at this time are two far apart to begin to draw some relationship between the two and individuals already involved in both market are not enough or the volume not significant enough to cause such comparison to be made. In summary, even if there is a recession in the world, it does not mean increase in bitcoin price as I don't see companies now keeping their funds in crypto or paying their vendors or suppliers using crypto. |
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We have read about sanctions to individuals of particular countries by the United States and their economy starts crying for help and they begin to feel the impact of such sanctions. Some few weeks back, there was tweet from the President and we saw some crashing and it was linked to the tweet of the president. Another point of note is that for the US government to issue an Executive Order there is a sure way they know that they can effect the order in a way we might not have thought of. Another effect to note is that when the government issue a sanction against a certain company, all other organisations starts cutting ties with it which means with the executive order several companies that are looking to adopt bitcoin or anything in pipeline regarding such moves will be suspended.
Summary is that the impact will be felt maybe in the short term before the market adjust to the new reality.
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The cryptocurrency market was overwhelmed with positivity throughout the past couple of days as all of the major coins were trading in the green. A lot of them scored double-digit gains, causing many to believe that we might have entered a new altcoin season. However, this notion was quickly dismissed as today the entire market is bleeding red. Bitcoin plunged around $600 in a massive red candle, bringing all other altcoins with it. Full ArticleThere is no point mocking the bulls that they are rejoicing or did it too early because whether they rejoice or not, it does not stop the market from crashing just like it has done so if they had not rejoice, it would have been a double jeopardy for the bulls and more so you don't have to be a bull because price is increasing it should be delight of everybody in crypto to see increase in activities because even if you don't like the increase in the price of bitcoin, so far you hold one other alt coin, you are affected as whatever increase that happens to btc, it affects alt coins and vice versa considering the dominance of 67% as at the last time I checked. To other hopefuls, don't be despaired the green period is not over forever some others are still coming... |
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https://voxeu.org/article/some-simple-bitcoin-economicsAccording to a Financial Times article from June 2018, the Bank for International Settlements (BIS) traces the instability of crypto-prices back to the lack of a crypto central bank. The fact that the value of Bitcoin is not controlled by a designated central bank constitutes a major difference to traditional currencies.
The US Federal Reserve Bank, for instance, injects or withdraws dollars from circulation in order to meet its policy goals such as a stable rate of inflation. The supply of Bitcoin, in contrast, evolves due to decentralised computing activities of 'miners' and can only increase over time. Therefore, a traditional tool for promoting price stability is unavailable for cryptocurrencies. The BIS addresses 'unstable value' as one major challenge for cryptocurrencies for becoming major currencies in the long run. I personally think the volatility is because so few are trading it. The more people trading a currency, the less likely a single person can move the price either with a pump or dump. It's very hard for a single actor to move the dollar against another currency for example because they'd need huge firepower. Unfortunately trading volumes have decreased since Dec 2017, so the volatility will remain. I won't disagree with them to a large extent because there is an element in it. The fiat we know is able to remain relatively stable because of government interventions and these are not in small effort. The effect of this was obvious sometimes in a country where government decides the forces of demand and supply of the market determine the exchange rate, within a few month, the entire economy was in shambles and the local currency losing its value really fast. Putting it in perspective is the local currency depreciating against the USD by 10% everyday until the government decides to intervene by pumping forex into the market in other to keep the effect at bay and they are still doing it. You are also not wrong that when bitcoin is fully traded the volatility can be nipped but really that is a long way down if there is a body established to ensure that the balance is maintained because the market cannot be trusted in the hands of individuals and capitalist to the detriment of other members of the society. |
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Hey everyone. Yesterday I've read an article about European countries opinion on Facebook's Libra. There are a lot of negative statements about it. (Not without Trump's tweets, of course). What's interesting - there were no official responce from Libra yet. But they still planning to launch it in 2020. My question is - will launching Libra change the statement 'cryptocurrency is not money' in better way or it'll make worse? Its no surprise this is coming at all and its something I have maintained. There is already a bad feeling for Facebook because of the amount of information to it has access to because of its platforms talk about Facebook, Instagram and WhatsApp and with that, government functionaries are already feeling they should be the ones with access to that in the sense that when they need to get something on an individual, they would likely have to go get a warrant before that is possible. Now adding crypto to it, you might as well sign out the function and control of government to a private organisation. With Europe making a position and the difficulty it might face in America, there is no sooth saying that it will take lots of effort for it to see the light of the day if they won't bury the Company is series of court cases and injunctions among several bottlenecks. Facebook should focus on something else, this scope of business is clearly ultra vires. |
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This is really heartbreaking to lose a loved ones in the midst of other challenges of life. While some might argue that for a founder in the gambling world which is known to be a notorious venture there is bound to be stepping on stones and rubbing shoulders with gangs but at the same time keeping him for a year and collection of over ransom is more than enough for him to be have been made to pay for whatever offence he might have committed to his abductors. This is another blow to the entire gambling industry and at the same time taint the crypto world because after ransom was collected in bitcoin, there is still snuffing out of life. Not to make claims though, the founder might be sick and the lack of access to medical care might have been responsible for the death other than the kidnappers themselves but all of that no longer matter again. |
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Why search google for bitcoin QR generator when most bitcoin wallets (if not all) shows the QR code of your bitcoin wallet.
Exactly the point. People sometimes willingly enter into a problem. Majority of wallets whether online of desktop version have their own QR generator where you can scan and make your payment and as a second check, you the expected address is displayed for anyone to do verification that the scanned address is the intended address. If the hackers are able to penetrate a site QR generator then the vulnerability is from the site admin and they should be held liable for such. The point is as much as there are ways scammers are doing it we also need to be smart and be more careful on the internet. Moreso there are no perfect way. Those who have lost money knows how much the impact has made on their financial status but ultimately crypto needs to grow to the point where these set of people can be brought to book and face the consequences of their actions. |
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So okay, this story didn't happen to me. It happened to a friend (let's call him Bob) of a friend (I will call him Sam).
Bob came to me asking is this a scam and is it legal. Bob doesn't know much about bitcoins and crypto, Sam even less.
Sam somehow got in contact with people who offers to open an account and invest into crypto. These people guaranteed a lot of profit. Sam paid 500 EUR at first and other two times a 2000 EUR.
What is interesting, that these people calling him to invest more. But he has an app (I don't know what app, because I heard it from Bob and he doesn't know either) which shows that Sam has doubled his investment (9000 EUR), but he cannot withdraw it now and these people (from Russia) are calling and rushing him to invest even more.
Bob asked me about that, I said that this is some nonsense. There shouldn't be people calling you and asking to transfer money. All is too fishy.
What should Sam do? Will the police help?
Its obvious Sam has been scammed and the scammers have been preying on him being too gullible to milk him dry. One of the method scammers uses is isolation which they either put their victim in or they made their victims feel its the best option. He must have thought to himself to keep the investment under wrap so that alot of people wont share from the expected returns unfortunately, he is only building castle in the air which will never materialize. What to do is simple, you can involve the police but be sure the police are enlightened to understand what is going on or else he might be accused of something else that he got the money via illegal means. Away from there, if he has downloaded the app from PlayStore of Apple Store then its time to report the app to ensure other people don't fall in the same trap. Other than the two options above, its best Sam should move on and be smarter in the future. |
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273 Chinese nationals were arrested in the Philippines, accused for defrauding more than one thousand investors in an alleged Bitcoin scam syndicate as per information from coindoo...  Read the full news here https://coindoo.com/273-bitcoin-scam-suspects-arrested-in-philippines/I hope in future more of these criminals will face karma one way or the other and people should stop trying to double bitcoin without working for it, its simply greed When I get to read news like this, I am just glad and its because its about unraveling the people who hide behind crypto to perpetrate crime thinking that they can go away with it. Just yesterday I had read about a report of where kidnappers demanded to be paid in bitcoin so as to avoid being tracked by government agents and bring them to book for their actions. This make me wonder that an emerging technology that is changing the way we do things is about to be bastardized by people who cannot see beyond tomorrow. This is actually another exposure to people to stop falling for cheap scam on the internet that promises them unimaginable return within a short period of time. Its simply an avenue to lure their resources away from them for some people to pleasure over. |
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More than a year after GDPR implementation, half of UK businesses are not fully compliant 52% of UK businesses are not fully compliant with the regulation, more than a year after its implementation, according to a survey of UK GDPR decision-makers conducted on behalf of Egress.
“The wait of more than a year between implementation and the first action taken by the ICO under GDPR seemed to lead to a perception outside the security industry that the regulation was ‘all bark and no bite’.
https://www.helpnetsecurity.com/2019/09/12/uk-businesses-gdpr-compliance/What's your thought on this one? I was under the impression that everyone will comply swiftly with GPDR. I'm not sure though if exchanges have comply or not. So I guess it will take more years before we can see everything that relates to crypto being compliant. Or maybe there are individuals who requested their identify to be erased, but we don't have any data about it as exchanges are not releasing any. When regulations are made, it does not translate to adoption and the reason is simple, the people making the decision on which path to follow are not involved in the implementation. They usually think it should be a simple thing to do until when its time for implementation before they start seeing the lapses and the practicability and most time would even test the brain behind the policy in the first place. Just like rolling out a software to the operations of a Company, while the top management have just made decision based on presentations of slides for them, they just decide we are adopting. Its when it gets to implementation and how its going to be used on a daily basis, they would realize its not as simple as it is. For UK to even have 48% compliance rate is something to be celebrated about because it shows its a system that works and its achievable which I know with the necessary support and push the figure could be better. |
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Reading through, I can understand the frustration you are going through and the annoying thing is the fact that no one is providing an explanation. If you have complied with all of their rules with the KYC, I think they owe you an explanation as to why there is an embargo on your account. Even banks, if they place a lien on your account, they might not reach out to you but the moment you get to the bank either physically or online, they provide a response or clarification when necessary which boost confidence in the industry and if they don't there is always the regulatory body to report to that would take it up to ensure the issue is resolved.
Just like the poster above have said, businesses in the crypto industry who felt so big and when entreaties fails understand one language which is ''Call Out'' on social media and that is your tool that you can use now. The amount of money might be small to them but to a business like yours, its a lifeline that cannot be toyed with. I only wished there is a regulatory body that can ensure the right thing is done by these set of maxi-companies in crypto.
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The number of gaming/betting/gambling websites citing they are Provably Fair is evident for all to see but how many can actually demonstrably be provably fair but at the same time are also run by people that could manipulate the system?
There are definitely people out there that would scam given the slightest opportunity so in essence if it is possible for the site owner to know the result in advance then the system is open to abuse and fraud.
How many people here are happy to trust Provably Fair gaming/betting/gambling websites?
For those that use those websites, does that trust diminish based on whether the site owner has a shady history?
This topic have been discussed more than enough even on the platform. Verifying whether is site is provably fair or not is actually left to those who take their time in checking it. More than once I have visited site where I can verify but there is a mathematical equation to support it though. The concern for me is who checks after the first time it has been verified that the site is still compliant in ensuring the right thing is done. I have seen companies fined for things they have done in the past because someone went back to check whether they did what they claimed they were doing at the time but in crypto once a saint is forever one and the moment someone checked and discovered the anomaly, its quick to be regarded as a bug that needs to be fixed. |
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The question on the title just pop on my mind.
Are they poor or rich?
Remember the famous line on gambling?
"Only gamble a money you afford to lose". With that line we are really thinking of losing, the risk is still there.
So, what do you think on most gamblers now? Are the majority gamblers are rich or poor?
HOW TO KNOW IF A PERSON IS POOR/RICH?
- Now, it's now on you how you will judge a person if they are rich or poor, we have different criteria on how we judge/look on poor/rich people.
The reason why the clause of ''Only gamble what you can afford to lose'' in gambling is just obey the prudence concept and there is nothing wrong about it. I don't know any endeavor that you are quick to make money as much as you are quicker to lose it other than gambling. In a case where the activity itself by default returns a more likely situation of losing than winning, then its safe to assume the loss position from the beginning so that your heart is not broken or you get to lose it because your expectation was not met. To know if someone is rich or poor is on the basis of the parameters we are using to judge because really for me, so far someone can keep his body and soul together irrespective of what he is doing with the exception of stealing from other people and scamming them, then there is a problem. |
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I actually got this from Sportbet.io newsletter and its something deep down within that makes me glad and truth be told it is great movement from where bitcoin was to the point where it is now and most importantly, this no little achievement needs to be celebrated. For those who might feel that its being blown out of proportion then you might not have the full picture of what is being achieved on that day. For one, it brings the highest publicity to the people that can really do something about it. Football they say unite a whole lot of people irrespective of their culture, race or background and the people watching goes beyond the people on the pitch but the millions spread across the world watching via cable and satellite distribution. For it to be associated with a brand like Watford FC sends a message that its not always about illegality or some immoral things all the way but also can be used for something worthwhile that would have a lasting effect. |
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i have learn technical analysis and practicing it for many months now i am good at it , but when it comes to day trading stocks move as market moves if markets go up stocks go up and if market falls stocks fall where does technical analysis , how to do day trading
my question is about stocks not crypto
Day trading is a full time work that takes a lot of effort and most of the time, except one have access to insider information, its really difficult to make an headway that would be so obvious to count as a success and its the same everywhere. However, there is a route I know that one can make a sure winning in the day trading aspect regarding stocks is to take away focus from established stocks that have been listed in a while but on IPOs that are coming to the market. For those ones, the margin at the beginning of the day would significantly be different at the end of trading for the day which most times is always on the positives and this is always repeated for the next three days before the wolves will take charge of the entire thing and turn it to a normal trading activity. |
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Multilevel Marketing is not an evil by itself. It just been used so many times to cheat and scam people. Like an ICO, is not necessarily a bad thing, but many scammers used it to make quick money. Many "legit" businesses and financial schemes work like a pyramid: lending, bonds, banks, investments, etc. So, an MLM is just a marketing tool to promote your product or service. From the other hand, many people have joined MLM's hoping to make money quick without really doing anything (same for ICOs, Gambling, Lottery, and so on) and when they don't make money, they just call it a scam or a pyramid. In this article, we just describe a new trend on the Multilevel Marketing Industry, where new and old technologies are combined.
In MHO, the best thing of these platforms is that you are always on control of your funds, and is up to you to refer people and earn money. The contract is on the Blockchain and can't be modified, nobody can take your money and change the rules, and nobody is trying to cheat anybody here. And everything is transparent, you can check anytime any wallet participating in the platform, including the ones from the creators and the smart contract itself (which is always 0 btw).
Personally, I think this is much better than gambling, per instance, or a lottery, where everybody losses his money and just 2 or 3 win something (if it is a legit one of course). In this kind of platforms, it depends on your effort actually. So, everything is on the table, people can see, do their research and decide by themselves if they want to participate in something like this.
Rather than taking your time and energy to try an explain what MLM is and what its not, which won't even make nay significant difference from the general view that a lot of people have maintained concerning the term, it would be more effective to give this strategy of yours another nomenclature for it to even be able to attract the attention of stopping by. Really, I am impressed by what its trying to achieve from the Ops but the point of no human intervention whatsoever, is something that needs to be looked into. There could be bug, there might be compromise at some point. At that time who should the participants then reach out to, who should be held responsible and who should be the custodian. Even auto pilot feature of planes or vehicles still have the element of humans intervention. |
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