would you play more on casino when your country plans to ban BTC? - page 2.

Mahanton

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Quote from: Aikidoka on July 11, 2023, 04:09:19 PM

Quote from: Japinat on July 10, 2023, 02:34:20 AM

Personally, it will change nothing because I have been gambling casually through online and land casino (depends on my mood) even before I met bitcoin. It's just that cryptocurrency gave me a whole lot of options when I'm betting towards online casinos, especially during Covid-19 as I have no other things to do at that time aside from my job that changed to a "work from home setting". So, if my government will ban btc, I will always go back to the use of fiat.

This is what happened to me as well. Especially during the COVID-19 pandemic, I was working online and doing most of my activities virtually including gambling. Even if my country decides to ban crypto, it wouldn't make much of a difference since most people here gamble using fiat money and rarely with crypto. If that happens, I'll simply use fiat I suppose. I would exchange my crypto for fiat and then use it for gambling.

Im not really that much of a gambler but i do have some experience on playing on a casino but only on a certain amount but that only happened once because i dont really like the ambiance or simply that im just
Claustrophobic type of person who doesnt really like on joining or seeing lots of people on an enclosed space. This is why i do much prefer on playing online and if ever the country would be deciding that they would really be banning out gambling then you could always be having the option.If ever they would ban online gambling then you could make use of VPN, if they would tend to ban physical then you can simply go with online.
This is why its not really that something that could totally be able to ban out if ever the government would really be planning on doing so. Play according into things which you do know on whats good and whats bad for you.

Sandra_hakeem

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Quote from: electronicash on June 06, 2023, 04:49:35 PM

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.

All Depends on what I'm periodically inclined with...if I'm a gambler, then most definitely, that'd be the next choice of action..If not, then I'll try as much as I can to seek other operational alternatives to be able to service my coin when due.
But your question sounds very much threatening - if not for the fact that I'm current enough to be taken in awe, I'd Begin to fret profusely in the summertime...lol
You rather meant this to be an assumption right? But you actually made the whole goddam scenario look real.. again, that's misinformation!

Sandra 🧑‍🦰

inthelongrun

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I don't think it will change my gambling spending. My gambling spending depends on my current financial situation and my available time because there are times when I am very busy. So if ever bitcoin and altcoins are going to get banned in my country, I will continue to hold them and of course, accumulate them. Generally, there are more crypto adoptions rather than more countries banning them. Even China could change its stance given the current situation in Hongkong wherein it is now accepting and even inviting crypto firms.

And there are always the peer to peer transactions everywhere. Bitcoin and crypto demand are getting high so I won't be surprised if the rate becomes even more higher in a country where it is banned. Plus if ever a ban happens in a democratic and open country like mine, it won't take that long before the authorities will reconsider accepting them again otherwise it will be left behind.

Aikidoka

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Quote from: Japinat on July 10, 2023, 02:34:20 AM

Personally, it will change nothing because I have been gambling casually through online and land casino (depends on my mood) even before I met bitcoin. It's just that cryptocurrency gave me a whole lot of options when I'm betting towards online casinos, especially during Covid-19 as I have no other things to do at that time aside from my job that changed to a "work from home setting". So, if my government will ban btc, I will always go back to the use of fiat.

This is what happened to me as well. Especially during the COVID-19 pandemic, I was working online and doing most of my activities virtually including gambling. Even if my country decides to ban crypto, it wouldn't make much of a difference since most people here gamble using fiat money and rarely with crypto. If that happens, I'll simply use fiat I suppose. I would exchange my crypto for fiat and then use it for gambling.

Fivestar4everMVP

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Quote from: wheelz1200 on July 10, 2023, 04:41:35 PM

I mean if you are gelling just gamble because you have no other option I don't think that's smart nor healthy for you. I would accumulate and just wait to see what happens within your country. I can't see crypto being banned long term anywhere otherwise your country will be financially left behind. That's the best part of crypto is they can't control what you do with it so you might as well keep building your stack.

Very well said mate, I've always said it that, crypto investors who sell off their crypto holdings all because the country they live in banned crypto, do not have sense.

Nigeria, my dear country have banned crypto transactions across the entire country, and even asked banks to freeze any account found to be involved in crypto, this ban has been in place for more than 2 years now, and here we are, still buying, selling, accumulating crypto, and most times when in need of cash, I still sell some of my crypto, convert the money to fiat and withdraw to my bank account..
A ban is only effective is the people are willing to obey it, a government can not arrest and prosecute the entire citizens of country, not possible.

Fortify

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Quote from: electronicash on June 06, 2023, 04:49:35 PM

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 feel like there might be a wave of bets being placed by people who like to gamble, but it would gradually subside over time and people would probably switch to using fiat currency if any gambling was allowed. The sort of government that would ban crypto would probably align with the type that would already restrict gambling. It's also a method of control which less free countries do, so they can coerce their citizens more easily by restricting their financial options. I would probably just leave the crypto safe in a wallet and not touch it any more in this scenario, consider it a long term investment that could make up a big part of the portfolio in future and possibly cash out in a different country where it's legal later on.

darewaller

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Quote from: pakhitheboss on July 10, 2023, 02:14:42 AM

Why would anyone play more on a Bitcoin casino when the law of the land is planning to ban Bitcoin? In such a situation, it is better to keep holding them in a non-custodial wallet until the government changes the decision or you find another way to continue gambling. I do not agree with going against the law as if caught it will cause serious repercussions to you and your family. If you still want to gamble then use local fiat on an online casino to feed your addiction. I would not want to take in stupid risk and destroy my present, I will always find alternate ways to continue with what I was doing before the ban.

They are still planning it which means Bitcoin casinos are still there and then people might still be allowed to play. If that is the case then I will surely play more using my Bitcoins because this might be the last time that I can do this. I think you are not safe even though you will transfer your Bitcoins in a non-custodial wallet so I won't advise doing that.

It would be better to use all your Bitcoins or convert them into other legal assets. Just re-invest in Bitcoin later on if they will be allowed again in your country. Non-Bitcoin casinos are still there but many of us here are not a fan of them. We can only look at the bright side and that is we won't lose our money anymore and possibly threaten ours and the others lives through Bitcoin gambling.

wheelz1200

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I mean if you are gelling just gamble because you have no other option I don't think that's smart nor healthy for you. I would accumulate and just wait to see what happens within your country. I can't see crypto being banned long term anywhere otherwise your country will be financially left behind. That's the best part of crypto is they can't control what you do with it so you might as well keep building your stack.

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Quote from: electronicash on June 06, 2023, 04:49:35 PM

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 am sure that any crypto enthusiast will not be stopped by bans. We don't care what those in power want. They have taken good care of themselves for a long time, and we need to be able to take care of ourselves as well. You can not allow yourself to impose restrictions, because cryptocurrencies are Freedom.

Perhaps I am a little anarchic in my views, but I remember perfectly well how we all resented the introduction of KYC on exchanges, because it was another attempt to make cryptocurrencies not anonymous. It's a pity that this happened.

Therefore, if the government bans casinos and cryptocurrencies in my country, I will not obey it in any way.

coolcoinz

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I wouldn't play more. It wouldn't affect my habits at all. I'd gamble the way I'm doing now, using overseas casinos that don't care about my country's stance towards bitcoin.
I also wouldn't sell my coins, but I'd be more careful about sending them to exchanges, since these can be the main target of a government crackdown.

To be honest, no country can stop bitcoin at this point. It can only be slowed down.

LUCKMCFLY

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If my country decides to ban something like that, I would still play, I have learned that a government cannot kneel before anything, if the giboerno nod says that it is not because they do not want us to earn the money we Deserve , therefore a government for me they will never fight to give us the rights we deserve, or to give us a better future, a government or the rulers will only seek power for themselves and so that they can emerge despite the suffering of a People , I think this attitude is almost at the level global,. I have seen government Situations , in the USA, in Europe and things tend to be like That, only People do not Realize it and some believe Strongly in them.

maydna

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Quote from: Japinat on July 10, 2023, 02:34:20 AM

Personally, it will change nothing because I have been gambling casually through online and land casino (depends on my mood) even before I met bitcoin. It's just that cryptocurrency gave me a whole lot of options when I'm betting towards online casinos, especially during Covid-19 as I have no other things to do at that time aside from my job that changed to a "work from home setting". So, if my government will ban btc, I will always go back to the use of fiat.

That's how we treat gambling so we won't get into trouble. And it is true that Covid-19 has placed more restrictions on playing gambling at land-based casinos, so we spend more of our time gambling online. But it seems like yesterday's Covid-19 made many gamblers turn to online casinos, whether fiat or crypto, because they obviously couldn't visit land-based casinos. But I think even if our government bans the use of BTC, some people will still use crypto for gambling.

GigaBit

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If a country's government allows crypto gambling even after banning BTC, I don't think there will be any problem as gambling is officially sanctioned, they must find a way. I will definitely not be upset in this situation and I will continue my gambling. Also I have not found any such restriction in my country where BTC is banned but crypto gambling is allowed. At that moment i will try to transfer my assets to others non custodial wallet and conduct gambling with limited amount until the government allowed but personally i will never stop my gambling.

Dunamisx

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Quote from: Japinat on July 10, 2023, 02:34:20 AM

Personally, it will change nothing because I have been gambling casually through online and land casino (depends on my mood) even before I met bitcoin. It's just that cryptocurrency gave me a whole lot of options when I'm betting towards online casinos, especially during Covid-19 as I have no other things to do at that time aside from my job that changed to a "work from home setting". So, if my government will ban btc, I will always go back to the use of fiat.

But with how we have gone so far in gambling and cryptocurrency today, governments can only deal with the gambling platforms by giving them some warnings as threats with issues concerning regulations but i don't think they can stop the use of cryptocurrency even of the law forbids such, p2p network is not what one can easily influenced like that especially when the people were so much involved in its adoption, they have made several moves in the past as well over gambling but due to how gamblers were so committed in gambling, they couldn't make a stand, so to talk about the reality here, I don't think government can ban cryptocurrency and if they do, people will still make use of it since its a p2p network.

leonair

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Quote from: electronicash on June 06, 2023, 04:49:35 PM

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.

Bitcoin and gambling are not the same thing and gambling can never be an alternative to Bitcoin. which is why we might be encouraged to gamble if Bitcoin is banned in our country. Even if Bitcoin is banned in the country, we can use Bitcoin because the government of the country can never control a non-custodial wallet. And in non-custodial wallet there is never any risk in using vpn because there is a private key enough to control the funds and keep them safe. So even if there is a Bitcoin ban in my country I will not be interested in gambling but I will continue to use Bitcoin despite the ban. But I gamble only for fun

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Quote from: Yamifoud on July 10, 2023, 10:31:37 AM

I will stop playing if the government will stop all online casinos and gambling sites. But as it was still available, even though the government ban Bitcoin this will never affect gamblers. They might ban Bitcoin but not ban crypto, so we can use ETH or any altcoins as long as it was acceptable. Gamblers still have the option and as I said, once gambling sites are open, people will still gamble. And besides, the government is also benefiting from these casinos as they collect some fees and taxes.

Well if that's the case, I'll stop too knowing that casinos will be aware of it and will ban the country too. Playing on a country that a casino is ban is just an additional risk in losing your money. But OP indicate that it's trading only. Nothing will change about my plans if exchanges were banned, I'll still continue to gamble like normal and will not do rush bets just to accumulate profits that I potentially lost from banned exchanges. It will be an easy lose if you will just keep pushing your self into aiming big profits on casino as an alternative to trading profits.

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Quote from: electronicash on June 06, 2023, 04:49:35 PM

would you go play your coins to accumulate or just withdraw and wait for the government to change stance? no other option.

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.
If my country banned bitcoin chances are it would also enforce a ban on the casinos, so that they would not allow people from my country to gamble, which means I'd have to be careful with my bets.
I'd probably keep all of my money on hardware wallets and either move somewhere else, or wait for them to rethink it.

Yamifoud

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I will stop playing if the government will stop all online casinos and gambling sites. But as it was still available, even though the government ban Bitcoin this will never affect gamblers. They might ban Bitcoin but not ban crypto, so we can use ETH or any altcoins as long as it was acceptable. Gamblers still have the option and as I said, once gambling sites are open, people will still gamble. And besides, the government is also benefiting from these casinos as they collect some fees and taxes.

Gozie51

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Quote from: len01 on July 10, 2023, 03:33:53 AM

Quote from: Japinat on July 10, 2023, 02:34:20 AM

Personally, it will change nothing because I have been gambling casually through online and land casino (depends on my mood) even before I met bitcoin. It's just that cryptocurrency gave me a whole lot of options when I'm betting towards online casinos, especially during Covid-19 as I have no other things to do at that time aside from my job that changed to a "work from home setting". So, if my government will ban btc, I will always go back to the use of fiat.

anyway all of that will never happen even though we don't know what will happen in the future but we always have the choice to still be able to gamble even though using fiat. almost everyone here, of course, before gambling at crypto casinos, they have already gambled at physical casinos or land casinos, so even if crypto is banned in a country, it can never limit them from stopping gambling because there are always ways to be able to gamble.

It won't be a problem for gambling or the gamblers where the government has ban cryptocurrency. Casinos have options of playing with fiat or crypto so if the option for crypto betting is stopped, you continue using your fiat to gamble. So they are different and one doesn't stop the other. If the government decides to stop cryptocurrency, then the use of fiat can serve just like offline casinos that use fiat in gambling.

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Quote from: Mauser on July 10, 2023, 03:14:55 AM

Quote from: electronicash on June 06, 2023, 04:49:35 PM

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.

That is a hard question to answer, because my country is so open that I can't really imagine how it would feel like if crypto currencies would get banned suddenly. In case this would happen today I would probably stop buying any new crypto currencies, but keep all my existing coins and hold them. I can understand that a government is afraid of crypto and doesn't want its citizens to buy too many coins, so that they rather stick to making transaction with fiat money. But what I can't understand is that the government would force me to sell all my crypto holdings. Luckily it would be hard to the government to check who holds cryptos and who doesn't. As for gambling with crypto currencies I would probably keep gambling with my existing bankroll and see how far I can go with it. When it comes to bans, they are usually not forever, because when in 4 years we are getting new elections, the new government might want to revert the ban on cryptos.

Good point. It doesn't mean it will be forever. There are officials who once elected have promises to the people and a lot of them now are from younger generations and are open to accepting cryptocurrencies for the better of the country.
I think those who does it are the officials who are not corrupted because they know the risk if that happens. It means transparency to everything they will do and people can see everything they spend publicly on the internet.
About banning the usage of cryptocurrencies in gambling, I firmly believe that won't happen in the long run. Cryptocurrency gambling had been an accessible way to deposit money because some banks are so strict that they don't let people use their services for gambling activities.
Well, for me I'd still rather use cryptocurrencies and not just because I can hide it but also because we can bet on gambling sites valued lower than a cent of a dollar which for me is a good thing especially those who just want to have fun.

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