would you play more on casino when your country plans to ban BTC? - page 3.

Mr. Magkaisa

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Quote from: electronicash on June 06, 2023, 03:49:35 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.

- If that's the plan of the government, I will take out my Bitcoin instead of not being able to take out my Bitcoin in a casino. There are other governments that are really unfair and unfair, sometimes you think that no one thinks of a good and sensible strategy for the country they are governing.

Besides, there are still many options for us to use our Bitcoin to play gambling that accepts cryptocurrency and there are still many ways to use Bitcoin.

len01

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Quote from: Japinat on July 10, 2023, 01:34:20 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.

Mauser

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Quote from: electronicash on June 06, 2023, 03:49:35 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.

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Quote from: Issa56 on July 10, 2023, 01:10:01 AM

Quote from: n0ne on June 23, 2023, 06:06:49 PM

I don't have such an urge. I'll have my limits, just because trading gonna be banned and cryptocurrencies on gambling to be legalized my gambling activity won't differ.

Some people might end up diverting all their money into gambling, just because they believe that's the last thing which they will do is start gambling with it, they wont maintain the way they have been gambling before, and gambling is really risky, your chances of losing money is really high.

If cryptocurrency is ban in my country, i will rather stop trading and send all my coins to a non custodial wallet for future purpose, maybe when they will unban bitcoin, bitcoin will have being really massive, its better than gambling with it because i know with time i might end up losing everything in gambling.

So, you argue that people might risk their finances by gambling because they believe it'll be their last act of gambling... an intriguing, albeit a paradoxical perspective. You know, your assertion brings to mind the concept of 'the gambler's fallacy.' This idea that, if something happens more frequently during a period, it's less likely to happen in the future, can be misleading. Gambling doesn't work on a basis of 'due events.' Each bet is statistically independent, and previous outcomes don't influence future ones

Concerning cryptocurrencies, your plan to transfer your coins to a non-custodial wallet during a ban is a prudent one, indeed. This "waiting out the storm" strategy demonstrates both foresight and discipline. As they say, caution is the parent of safety! But keep in mind, just as with gambling, there are risks involved in cryptocurrency. The market's volatility, regulatory concerns, cybersecurity threats...each factor is worth considering.

Japinat

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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.

pakhitheboss

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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.

Issa56

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Quote from: n0ne on June 23, 2023, 06:06:49 PM

I don't have such an urge. I'll have my limits, just because trading gonna be banned and cryptocurrencies on gambling to be legalized my gambling activity won't differ.

Some people might end up diverting all their money into gambling, just because they believe that's the last thing which they will do is start gambling with it, they wont maintain the way they have been gambling before, and gambling is really risky, your chances of losing money is really high.

If cryptocurrency is ban in my country, i will rather stop trading and send all my coins to a non custodial wallet for future purpose, maybe when they will unban bitcoin, bitcoin will have being really massive, its better than gambling with it because i know with time i might end up losing everything in gambling.

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Quote from: TheUltraElite on July 10, 2023, 12:41:12 AM

Quote from: Blitzboy on June 25, 2023, 12:05:28 PM

As for seeking another pastime if Bitcoin gambling gets the boot, brilliant remedy indeed. Maybe this ban could be a wake-up call, redirecting our vigor towards less hazardous and more rewarding endeavors.

An addicted gambler will not be having a single second thought if their country bans bitcoin or gambling they will go for a different route to access their site and gamble again. These are just things to write and eye wash in front of the population if done but it does not stop gambling at all. That can happen only if the gambler decides to stop gambling themselves.

These are hazardous, no doubt, but the confidence of a gambler is difficult to control.

It's no wonder that gamblers will have many ways to keep gambling even though there is a ban on the use of Bitcoin by the government and a gambler who is also a crypto user has sufficient technological intelligence so they can do anything.
Even though they have a big risk of being punished if they get caught, a gambling addict doesn't care about that kind of thing as long as they can do what they want to gamble.

But if we play it safe, I'm sure the government will never be able to track the gambling activities that are being carried out.

TheUltraElite

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Quote from: Blitzboy on June 25, 2023, 12:05:28 PM

As for seeking another pastime if Bitcoin gambling gets the boot, brilliant remedy indeed. Maybe this ban could be a wake-up call, redirecting our vigor towards less hazardous and more rewarding endeavors.

An addicted gambler will not be having a single second thought if their country bans bitcoin or gambling they will go for a different route to access their site and gamble again. These are just things to write and eye wash in front of the population if done but it does not stop gambling at all. That can happen only if the gambler decides to stop gambling themselves.

These are hazardous, no doubt, but the confidence of a gambler is difficult to control.

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Quote from: darkangel11 on June 24, 2023, 02:46:17 PM

Of course both trading and gambling would still be possible after a ban and China is a great example of this. They banned trading, then mining and both trading and mining were happening in China despite the ban. The only thing you weren't able to do is exchange btc for fiat but you were able to do it using cash, outside the law.

I'd never obey the law that is stupid and made to oppress people. I wouldn't stop using bitcoin for any reason and laws made by my government would never stop me from owning it. It's not up to my government to decide what I can and cannot hold, as long as this isn't something that can be dangerous to people around me. I'd understand if they did not want me to hold radioactive or explosive stuff, but virtual goods? Come on, this is stupid, I would never agree to this.

Each person is free to do what they want as long as they are willing to accept the consequences of their actions, however assuming that where you live bitcoin was banned then you need to take some measures to protect yourself, like never revealing that you are holding your bitcoin even prior to such ban, otherwise your local government will know about your involvement with bitcoin and they may put some unwanted attention to you and caught you breaking the law.

Blitzboy

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Quote from: danherbias07 on June 23, 2023, 05:57:30 PM

Quote from: ethereumhunter on June 23, 2023, 03:51:05 AM

Quote from: slapper on June 22, 2023, 09:24:29 AM

Your remark seems to embody a recurring fallacy about the supposed invisibility of Bitcoin and other cryptocurrencies. While Bitcoin transactions offer somewhat greater discretion compared to traditional financial systems, it's a distortion to deem them fully untraceable. It's also essential to respect the law's authority. Evading regulatory oversight is not only ethically unsettled but could invite severe legal penalties. Believing in eternal cover-up for such actions, in the advancing digital age, is illusory. Therefore, it's prudent to stay within the legal bounds when using cryptocurrencies, instead of attempting to bypass regulations. This path is ultimately more enduring and safe.

Or he can choose not to gamble even though his government allows gambling. Yes, I agree not to go against government regulations because we can get into trouble or punishment from the government. In the meantime, it's better for us to remain silent and say nothing if we still own crypto to others. It is necessary to be careful when storing crypto, especially now that many are starting to target it. But the important thing is not to store it in third parties because we can't keep track of it later.

Never ever. Use third-party applications only with how they are created. Either to exchange our cryptocurrencies for our own currency or just send it to another crypto user in speed.

Never go against the government because there's no such thing as a secret to them, especially to those who own loads of amount of Bitcoin. They will not keep themselves silent and allow it to be non-taxable. Regarding gambling, I would not mind just quitting if ever the government bans Bitcoin. But, if there are available cryptocurrencies, why not?
The perk of using this is because of the cheap way to bet. You can play as long as you like with just satoshis of bets and it doesn't matter to the gambling sites as long as you are losing. Grin

Banning the gambling site itself though is non-negotiable, better find a new hobby.

I stand by your view on mindful usage of third-party apps and being tax-savvy with Bitcoin. Governments have their methods, and outsmarting the system is fool's gold. Yet, I question your stance on the gambling bit. Sure, Bitcoin's low-stakes appeal is enticing, but let's flip the coin. How about the risk of addiction it carries? Is the fleeting thrill worth the potential fallout?

As for seeking another pastime if Bitcoin gambling gets the boot, brilliant remedy indeed. Maybe this ban could be a wake-up call, redirecting our vigor towards less hazardous and more rewarding endeavors.

CarnagexD

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Quote from: Ziskinberg on June 24, 2023, 06:38:28 AM

Quote from: electronicash on June 06, 2023, 03:49:35 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.

To accumulate? I would not think of that because in gambling, there's no assurance that we will win. Instead, I would just trade it for fiat to ensure I will get my money. I would not risk waiting for the time it will be banned, just to keep it safe. I would withdraw and probably invest the funds in other stocks or online investments, or even start my own business.

Gambling and investing should be different. If we gamble, we can become too desperate and might easily accept the loss and our bitcoin will be gone for nothing.

Yes, it is different. But the asset you are playing for and trying to win is not being valued by the government you're in. That is the case with OP's post. I would say that if you have that faith that the coin you are holding will last longer than the time horizon of your country banning the cryptocurrency, then it will be worth it. If you don't have that, then better to cash out all the funds that you have invested in then have a lesser exposure bot in crypto gambling and crypto alone.

It will be rewarding if you keep it. Because crypto is universal. You can use it anywhere. That if you have a chance to get on another country, then you can use it.

darkangel11

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Quote from: Casdinyard on June 24, 2023, 12:31:43 PM

Quote from: n0ne on June 23, 2023, 06:06:49 PM

I don't have such an urge. I'll have my limits, just because trading gonna be banned and cryptocurrencies on gambling to be legalized my gambling activity won't differ. In all time period we should have our limits, through which we'll be able to enjoy the goodness. We should not have the urge to gambling, because that's kind of addiction. Even with trade it isn't a big thing, because losing won't cause you big loss, but gambling could finish the entire funds in the wallet.

I don’t even see the correlation that you guys are trying to paint here. It doesn’t make sense how these two could be mashed in the same conversation when these are two completely different schools of thought that caters to different user bases. You could gamble even if bitcoin’s legalized in your country. And if you could still gamble using crypto on your country I’ll bet my bottom dollar you’d still be able to trade even amidst the restriction that your country will impose upon you

It’s absurd to think you guys are really thinking of gambling as a substitute income venture for trading. Which couldn’t be any father from the truth.

Of course both trading and gambling would still be possible after a ban and China is a great example of this. They banned trading, then mining and both trading and mining were happening in China despite the ban. The only thing you weren't able to do is exchange btc for fiat but you were able to do it using cash, outside the law.

I'd never obey the law that is stupid and made to oppress people. I wouldn't stop using bitcoin for any reason and laws made by my government would never stop me from owning it. It's not up to my government to decide what I can and cannot hold, as long as this isn't something that can be dangerous to people around me. I'd understand if they did not want me to hold radioactive or explosive stuff, but virtual goods? Come on, this is stupid, I would never agree to this.

darewaller

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Quote from: Ziskinberg on June 24, 2023, 06:38:28 AM

Quote from: electronicash on June 06, 2023, 03:49:35 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.

To accumulate? I would not think of that because in gambling, there's no assurance that we will win. Instead, I would just trade it for fiat to ensure I will get my money. I would not risk waiting for the time it will be banned, just to keep it safe. I would withdraw and probably invest the funds in other stocks or online investments, or even start my own business.

Gambling and investing should be different. If we gamble, we can become too desperate and might easily accept the loss and our bitcoin will be gone for nothing.

I agree, I mean if you keep gambling then when it gets banned it is going to be a bit of a trouble and I would not really be happy about that. I think it is a lot better if we could just ignore all that and instead focus on what we could do with it. I know that a lot of people would gamble because that's what they do but that's a wrong move and they should just tur nit into fiat.

I can see why people may want to keep it in crypto as well, like just don't turn that into fiat, but definitely not gambling. It is quite obvious that we are going to end up with a bad result when the time comes and it shouldn't really be easy choice. Just forget about gambling, and instead do what you would do if there was no ban, or just cash it out to fiat if you want to.

Casdinyard

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Quote from: n0ne on June 23, 2023, 06:06:49 PM

I don't have such an urge. I'll have my limits, just because trading gonna be banned and cryptocurrencies on gambling to be legalized my gambling activity won't differ. In all time period we should have our limits, through which we'll be able to enjoy the goodness. We should not have the urge to gambling, because that's kind of addiction. Even with trade it isn't a big thing, because losing won't cause you big loss, but gambling could finish the entire funds in the wallet.

I don’t even see the correlation that you guys are trying to paint here. It doesn’t make sense how these two could be mashed in the same conversation when these are two completely different schools of thought that caters to different user bases. You could gamble even if bitcoin’s legalized in your country. And if you could still gamble using crypto on your country I’ll bet my bottom dollar you’d still be able to trade even amidst the restriction that your country will impose upon you

It’s absurd to think you guys are really thinking of gambling as a substitute income venture for trading. Which couldn’t be any father from the truth.

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Quote from: electronicash on June 06, 2023, 03:49:35 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.

Gambling is very risky which means the possibility of losing my funds is high. I don't think I will even consider increasing my gambling budget because my income did not increase. Using VPN and other means might be illegal so the best option will be to stop trading for the time being and focus on other investment areas or become a long-term hodler. I will hodl and keep monitoring my investment until I get to my selling price. I don't mind moving to another country to do my Bitcoin transaction and return to my country. Bitcoin is a lifetime investment, so even if you decide to keep your coins until the government lifts the ban, that's still okay because Bitcoin is gradually becoming a globally accepted currency. But channeling my trading funds to gambling is unacceptable.

Ziskinberg

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Quote from: electronicash on June 06, 2023, 03:49:35 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.

To accumulate? I would not think of that because in gambling, there's no assurance that we will win. Instead, I would just trade it for fiat to ensure I will get my money. I would not risk waiting for the time it will be banned, just to keep it safe. I would withdraw and probably invest the funds in other stocks or online investments, or even start my own business.

Gambling and investing should be different. If we gamble, we can become too desperate and might easily accept the loss and our bitcoin will be gone for nothing.

slapper

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Quote from: Oilacris on June 23, 2023, 05:32:57 PM

Quote from: pawel7777 on June 23, 2023, 04:52:25 PM

Quote from: Stepstowealth on June 22, 2023, 09:58:44 AM

The decision for what to do with the coins after crypto trading has been banned, either to gamble with it to try to get more or just withdraw and keep will be determined by my ability in gambling. Since I know that I am not a good gambler, and do not have any winning certainty, deciding to want to still go ahead to gamble means I just want to waste that money. My desire is to make more money from what I have, gambling is not the only way to achieve this, so I will withdraw the money and find other ways to multiply the money, or just decide to keep holding the Bitcoins until they increase and my country becomes less against Bitcoins.

There's no such thing as a good gambler Grin

Mabe with the exception of those who engage in gambling activities only when they spot an opportunity when the advantage is on their side (but those are rare).
Gambling by definition is a way of losing money, not a way of accumulation, so the OP's question is pretty daft.

Totally just common sense and its true that this question is having no sense, why would you play if casino in your county would be planning to be banned? specially on bitcoin? Wont be surprising

if they would really be remaining those fiat based which is something that government would really be allowing in default. In personal point of view on which it would really be that normal that you

would really be avoiding on playing but if you are really that eager on playing gambling using up crypto then you could always use up some VPN which it could make things possible but to keep in mind that you are really that putting your risks when it comes to consequences but even though this stuff is prohibited but due to likeness on playing then you wouldnt bother nor care at all.

Your interpretation, as I understand it, implies that the allure of gambling and crypto might lead folks to dodge bans via VPNs. It's a fascinating interplay of human curiosity, risk tolerance, and the enchantment of the crypto realm. However, such a view appears to bypass the essence of crypto – decentralization and liberty, which demand accountability and adherence to legal rules. Cryptos offer us a revolutionary medium to change economic dynamics but should not be a reason to cross legal lines.

Additionally, remember that laws, albeit sometimes slower than tech, eventually adapt. Ignoring these constraints might lead to short-term thrill but risk staining crypto's reputation, delaying its mass acceptance. Legal engagements would better support the endurance of the crypto world.

ethereumhunter

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Quote from: danherbias07 on June 23, 2023, 05:57:30 PM

Never ever. Use third-party applications only with how they are created. Either to exchange our cryptocurrencies for our own currency or just send it to another crypto user in speed.

Never go against the government because there's no such thing as a secret to them, especially to those who own loads of amount of Bitcoin. They will not keep themselves silent and allow it to be non-taxable. Regarding gambling, I would not mind just quitting if ever the government bans Bitcoin. But, if there are available cryptocurrencies, why not?
The perk of using this is because of the cheap way to bet. You can play as long as you like with just satoshis of bets and it doesn't matter to the gambling sites as long as you are losing. Grin

Banning the gambling site itself though is non-negotiable, better find a new hobby.

Yes, we can't go against the government because the government has resources that we don't know about and they can find us even if we hide. The government wants to get taxes from its citizens, so it seems to tighten its rules to make them obey the law. And it's better for us to follow the regulations ourselves while waiting for developments and updates from the government so we won't get into trouble. Stop gambling or stop trading for a while doesn't matter. Rather than we are going to get in trouble, maybe the government wants to do something about crypto and maybe the reform will allow citizens to use crypto freely.

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Quote from: electronicash on June 06, 2023, 03:49:35 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'm not that good in gambling but I think I wouldn't risk it as well just because it is legal. I'd rather sell it on someone online whose country isn't illegalized crypto trading than risk it for gamble which in fact may just loss it. I think waiting will be good if you have other sources of income but if you want the money badly then selling it will be a good idea.

Topic: would you play more on casino when your country plans to ban BTC? - page 3. (Read 1050 times)