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Author Topic: would you play more on casino when your country plans to ban BTC?  (Read 1042 times)
piebeyb
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June 07, 2023, 09:35:50 AM
 #41

Luckily my country supports any technology that is currently developing including crypto as well as bitcoin, even though the government banned it in the past but that doesn't mean they will take action against perpetrators for holders of bitcoin and crypto, only banning bitcoin crypto trading, for example using bitcoin as a means of payment to buy something at my country is clearly prohibited, so it's best to just keep it in your wallet and wait until the government gives you freedom and fully legalizes it.

At the moment my country has almost legalized crypto trading as a commodity so there is no problem with the ban, even casinos are strictly prohibited in my country, but I have no problem playing casinos as long as using crypto or bitcoin, except using bank transfers or accounts maybe it is strictly prohibited. the point is I play casino and depositing bitcoins in my wallet is an easy thing.

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June 07, 2023, 09:37:13 AM
 #42

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.

Government will just ban the use of crypto and not singling out trading if they want to keep away their people to use crypto currency. There’s a lot of online casino that accepts fiat some of them have a built-in exchange.

In this scenario, There’s nothing change with playing online casino since player can play without any restrictions since the government still allows it. I don’t see the argument here since crypto trading is only ban while online gambling is still legal.

You're quite alright here in your point of view but let's also consider it from another direction that if the casino you're using is only a cryptocurrency supported casino without fiat currency, are you going to drop them and research on new casinos that accepts fiat or you're going to remain without gambling, what we should be clear with here is not the fact that gambling isn't banned but cryptocurrency is was banned, are you secured with using these gambling platforms such a way that they will not leak your information out and the government identify you to be using banned cryptocurrency in gambling and charge you, this is all about privacy with gambling platforms, can you get secured?

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June 07, 2023, 09:46:38 AM
 #43

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.

If legal trading would be ban how much more with crypto gambling? For sure they do the same with this. Much better to stop this activity while government is in hot status with BTC since for sure if you keep gamble and use bitcoin for sure you will struggle to continuous using it oe finding some people to withdraw your btc earnings. Much better to follow what government order so that no financial loss will occur to us.

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Nrcewker
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June 07, 2023, 09:55:32 AM
 #44

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.

I would rather search for a casino where the country restrictions is not there. There won’t be any KYC issues and transparent to the players. I don’t think if the government bans Bitcoins, it will affect a lot, as Bitcoins decentralised nature will help me to remain anonymous and hence no other person or governing body can know how many Bitcoins I have. It the government don’t change the policy, then I will just sell the coins using P2P deals.

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June 07, 2023, 11:12:52 AM
 #45

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.

A country may ban everything as they wish, but the people may also find a way to overcome the situation.
Saying no other option does not make senses for me because there will be always many possible options to do.
However if the option is only 2 withdraw or gambling it away, I'll prefer to withdraw it to my own wallet and find the best possible way to exchange it into fiat.
I may use it for gambling some but holding it might be the best option to do.


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June 07, 2023, 11:45:06 AM
 #46

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.

If you are a gambler, then you may think of gambling with your savings but generally speaking why would you gamble and lose your money (gambling do involve big risk of losing capital)

If you ask me, and I am given only the two options I may spend some part for gambling but mostly I will keep my savings in bitcoin until government unban the crypto. Also If the country never unban crypto, I still have the chance to move or travel to crypto friendly country and then cash out my bitcoins

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June 07, 2023, 11:53:12 AM
 #47

obviously I would never put a substantial amount at risk by changing my gambling habits, it would just be a nonsense, gambling puts your capital at risk, I don't see it as a smart option.
Of course I will just wait for btc available again or just spending / converting into FIAT money

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June 07, 2023, 12:23:40 PM
 #48

I think, is based on local-law.

In-case we are playing on online global casino not in local we still can play with "crypto" because there is no activity legal like gambling on phsycal casino that country ban these activity.

IMO, still can do these.

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June 07, 2023, 12:37:47 PM
 #49

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.

I would rather continue playing and cash out when lucky. The amount of Bitcoin I use for gambling is not substantial, so it's not a significant problem for me if I lose it. However, when it comes to investment, that's a different story. If crypto becomes illegal in our country, it would be difficult for me to hold onto it since exchanging it for fiat currency wouldn't be easy. But as they say, where there's a will, there's a way. Let's see what happens.

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June 07, 2023, 12:42:37 PM
 #50

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.

It's hard to do that if one of your habits is playing in casinos, old habits don't just die, if they ban Bitcoin there are still other casinos that accept fiat, so I will play at casinos that accept fiat and withdraw my Bitcoin and send it to my noncustodial wallet, I have to protect my Bitcoin lest the government find a way to confiscate it.

There's really no difference between playing with fiat and Bitcoin the most important is you protect your investment.

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June 07, 2023, 12:48:10 PM
 #51

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.
Accumulate what? The same coins that are going to be banned? Thr thing actually is that for me, it does not matter  what the government decide about crypto, I will always hold my coins, and also gamble if I want to, I will just avoid trading on centralized exchanges if those are banned too, there are already decentralized p2p platforms coming on board, that could do perfectly to help bypass the government's restrictions on crypto, but talking about gambling, I see no problem with that, I can't panic and gamble all my coins away because of ban, it makes no sense.

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June 07, 2023, 01:05:34 PM
 #52

I don't see how one has to do with the other. If gambling is legal and something I enjoy, I will continue to play regardless of my country's stance on the Bitcoin cryptocurrency. The regulations surrounding Bitcoin and the legality of gambling are separate matters. As long as the casino permits players from my country and there are no specific restrictions, I can engage in gambling activities without any hindrance.

In that case, the main change would be the method I use to exchange cryptocurrency for my local fiat currency. If my country has restrictions or regulations on the use of Bitcoin, it will surely affect the availability of cryptocurrency exchanges or the ease of converting Bitcoin into my local currency. So I'll probably have to look into alternative exchange methods.

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June 07, 2023, 01:07:47 PM
 #53

As a gambler,I will assign little fraction of my bitcoin to my favorite casino where I do gamble,so that I can easily gamble whenever I feel like. But if trading is my means of earning a living, I will convert some of my bitcoin to cash,to enable me relocate to a bitcoin friendly country,if possible.

The rest of my bitcoin will be transferred to my noncustodial wallet where I can easily use it in a DEx,whenever I want to because I believe that the government wouldn't be able to identify or tracker users that are using bitcoin in a decentralized manner or way. Or better still I will keep my coins to myself as this will encourage me to go on a long term investment rather than a short investment like trading.

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BitcoinTurk
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June 07, 2023, 01:14:35 PM
 #54

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.

I voted for "not to play" in the poll because in such a case it would be my choice to cash-out my existing cryptocurrencies and not gamble illegally.

In such a case it should not be forgotten that if a legal act is brought by the country, if the gambling service used does not pay your money within this process it will not be possible to make a complaint about this situation in any way.

On the other hand, I think it will be important to be informed about how long this restriction process will last because if this is a temporary restriction it would not make much sense to gamble illegally during this temporary period. For this reason I think it would be a good option to make a decision especially depending on the type and reason of the restriction.
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June 07, 2023, 01:15:16 PM
 #55

Not all online casinos are using cryptocurrency to gamble, you can still gamble with fiat. So if my country plan to ban Bitcoin, I'd choose to gamble using fiat. Remember using cryptocurrency to gamble when your country are ban Bitcoin, you're have a risk of going to jail or face a legal problem. All casinos aren't privacy oriented because they don't give a choice for their gambler to access their site in onion link.

 
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June 07, 2023, 01:16:47 PM
 #56

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.
It is not a case that Bitcoin is legal or illegal in my country if online casinos are legalized then I would definitely be interested in gambling with Bitcoin there as there are various non custodial wallets to hold Bitcoins which are not regulated by the government in any way. so I can easily trade bitcoins there. But I don't think any country's government would decide to legalize online casinos while keeping Bitcoin illegal in any country. a sane government would always banned both online casinos and Bitcoin if it had to be banned.
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June 07, 2023, 01:22:38 PM
 #57

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.
nothing to worry about this imo, i will continue to gamble with bitcoin (without waiting for further instructions from the government) even though the government of my country has banned it.  anyway, banning crypto as a payment transaction, it is done mainly by governments in several countries but for banning crypto itself i see it is impossible.  i'm sure there are many online gambling players who experience the same thing and continue to gamble with Bitcoin even though their country prohibits cryptocurrency from being there.

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June 07, 2023, 01:37:20 PM
 #58

Since that hasn't happened yet, my answer is the same as some of the people answering here. Gambling is a fun activity even though I am not an active gambler, and if crypto or bitcoin is strictly prohibited in my country of residence, I can still gamble using fiat and this is the same as gambling before there were methods of using crypto or bitcoin for betting. So there's no significant difference, unless both are banned, but there will always be ways to still use them if they do because there will be smart people looking for solutions as long as the internet exists.
and if crypto or bitcoin is strictly prohibited there is no option for me to send my crypto or bitcoin to a non-custodial wallet and wait for them to change their mind and it's like I do Hodl.
and this thread doesn't mind country differences or anything, and just wants to know what they think if that's the case.


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June 07, 2023, 01:47:47 PM
 #59

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.

The question how long? Can you expect government to change their stance for a day, a few days. a week or even a year? No ETA for this. i will be going to play my coins whatever the consequence is. It's my money man.
I just remind you that if trading was not the same like gambling. Trading is not only about accumulating the tokens/coins.

There will always be loopholes. It's not i don't respect with regulation in my country but my main purpose for i have owned crypto was to trade, gambling or something else.
Glad to see that if my country was not harsh like china or US which were always suing the crypto developers.


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June 07, 2023, 01:59:20 PM
 #60

while your country plans to ban crypto trading but online gambling legal, you'll gonna to decide what to do with coins.  would you go play your coins to accumulate or just withdraw and wait for the government to change stance?  no other option.

You cannot use a casino to accumulate Bitcoin, you will end up losing your Bitcoin casinos are not trading platforms where you have a chance to make a profit, in this scenario I will just withdraw my coins send it to my custodial wallet and wait for my government to change their stand, I will just fiat to gamble or maybe stop gambling since I only gamble occasionally.
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