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Author Topic: would you play more on casino when your country plans to ban BTC?  (Read 981 times)
dothebeats
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July 16, 2023, 10:37:52 PM
 #201

So personally, I would never gamble all my Bitcoins just because my government has banned Bitcoin but I would hold them in a non-custodial wallet and keep them for as long as I can because maybe some day in the future, I get to use them somewhere that might benefit me in some way.

There is no sense in gambling all the funds inside our wallets just because the government are planning to ban bitcoin and the use of other cryptocurrency, if that is what the people are thinking, I don't doubt why they are losing frequently because they have that kind of mindset. We always have a choice even though our own government is banning the existence of bitcoin, we can still go back to the basic and gamble like nothing happened.

I believe those who just gamble all their bitcoin for the fear of government banning it in their country are all ignorant of how to store or save it for the future because if a current government ban it, succeeding government can change the ban and you start enjoying the increased btc value because the price will not be stable from what it is then .

You can't really blame them or judge them. What if that's really their plans on how they'd use their coins? I think that's okay so long as they're seeing a use for bitcoin or crypto for that matter. Not every crypto that you hold would serve as your retirement plan, or something that will give you profits in the near future. Some are buying crypto for the sole purpose of gambling and that's okay. Even I will do it if I have the financial capability to waste a lot of money and just gamble all day, as more crypto casinos are way generous compared to their traditional counterparts.

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July 16, 2023, 10:40:48 PM
 #202

So personally, I would never gamble all my Bitcoins just because my government has banned Bitcoin but I would hold them in a non-custodial wallet and keep them for as long as I can because maybe some day in the future, I get to use them somewhere that might benefit me in some way.

There is no sense in gambling all the funds inside our wallets just because the government are planning to ban bitcoin and the use of other cryptocurrency, if that is what the people are thinking, I don't doubt why they are losing frequently because they have that kind of mindset. We always have a choice even though our own government is banning the existence of bitcoin, we can still go back to the basic and gamble like nothing happened.

I believe those who just gamble all their bitcoin for the fear of government banning it in their country are all ignorant of how to store or save it for the future because if a current government ban it, succeeding government can change the ban and you start enjoying the increased btc value because the price will not be stable from what it is then .

They must learn how to properly store bitcoins and not be bothered by the government. The use of a hardware wallet is the most secure storage without third parties and you alone have full control. Those who sell bitcoins out of fear that bitcoin regulations ban bitcoin entirely will certainly not have a future advantage when those regulations change. just need to see and wait how bitcoin will be received in the future without strict regulation.
The government that announce ban on bitcoin will lift the ban in another two weeks, months or years. This is happening with different countries, so it is always good to secure it. Someday we'll get access to make use of it. Just because usage is banned we shouldn't focus into gambling which is wrong, because we'll play with a mentality of losing. There are incidents in which people have travelled to nearby countries to make use of their holdings fearing their country's legality on bitcoin usage.

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Issa56
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July 16, 2023, 10:52:13 PM
 #203

Accumulate? Gambling can lead to reduction of your funds as well, so I wouldn't use gambling as a way to earn more bitcoin. It should be fun, or a social event. It shouldn't be seen as a way of making money, unless you're on a tournament level.
Gambling is really risky, if you are not careful you can easily lose everything you are having in gambling, but some people do take gambling as another way to make money which is wrong, am not saying anybody can’t make money from gambling, we all can make money but when gambling, their is no assurance that you are going to make money that’s why we all shouldn’t deposit money in gambling and have intention to grow the money, if you are not careful the money might end up reducing in price. Gambling should be don for fun incase if you win, you take your win and if you lose, then you will accept your faith, that’s why we should be able to control ourselves when gambling.

I'd probably keep all of my money on hardware wallets and either move somewhere else, or wait for them to rethink it.
The best thing is just to move money to hardware wallet, even if government ban crypto, they won’t even know you are holding any coin and you can peacefully hold it. Every government that’s against bitcoin currently won’t have choice than to support it later in the future, so sooner or later, all government will have to adopt bitcoin, they can’t keep on running away from the thought.

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July 17, 2023, 02:26:13 AM
 #204

If my country would ban BTC or crypto gambling sites then I guess I would rather stop gambling than to go on casino,
And there are other online gambling sites right now some of the gambling sites that I saw are really similar or just a copy of crypto games that I usually play when gambling.
I don't want to gamble with those kind of sites or apps and I don't feel like gambling on casino either so if crypto gambling platforms would be ban from my country then I would just quit.

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July 17, 2023, 02:38:37 AM
 #205

So personally, I would never gamble all my Bitcoins just because my government has banned Bitcoin but I would hold them in a non-custodial wallet and keep them for as long as I can because maybe some day in the future, I get to use them somewhere that might benefit me in some way.

There is no sense in gambling all the funds inside our wallets just because the government are planning to ban bitcoin and the use of other cryptocurrency, if that is what the people are thinking, I don't doubt why they are losing frequently because they have that kind of mindset. We always have a choice even though our own government is banning the existence of bitcoin, we can still go back to the basic and gamble like nothing happened.

I believe those who just gamble all their bitcoin for the fear of government banning it in their country are all ignorant of how to store or save it for the future because if a current government ban it, succeeding government can change the ban and you start enjoying the increased btc value because the price will not be stable from what it is then .
Indeed, those individuals do not have any idea as to how to hold on to thier Bitcoin. Infact it isn't possible for the government to ban Bitcoin. To ban it you would need to ban the internet, which is a highly unlikely scenario. Considering without the internet is part of day to day life in the 21st century.

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