would you play more on casino when your country plans to ban BTC? - page 4.

piebeyb

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Quote from: STT on June 23, 2023, 06:13:20 PM

I have relatives in every country, if they can play then I ask them to gamble for me effectively. I dont see the point in these absolute laws when people can travel though I realize some countries you are not allowed to go on holiday so maybe such reasoning is applicable in that scenario. Its mostly about tax and thats a failure because its far better to allow gambling and just take some cut towards taxation rather then attempt to ban or only allow the government lotto.

Yes, including my country, maybe there are several countries that prohibit bitcoin like in my country 5 years ago, maybe because they haven't set taxes, so in my country, I have given a little freedom now to bitcoin holders and consider bitcoin as a commodity asset, so there are also many crypto exchanges in my country is taxed for the government, that's why it's just a matter of taxes it's not really prohibited because something that is prohibited as long as taxes and income for the country are there, everything will be safe.

After all, banning doesn't necessarily mean that people will follow government rules, while things that are prohibited actually make people even more happy to hide and play behind the scenes, currently in my country bitcoin holders feel safe and comfortable, but gambling casinos in my country are still banned whereas before it's perfectly legal but maybe not out of the question of tax i think it might benefit the state if casinos were taxed i hope it becomes legal one day. Cheesy

Silberman

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

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.

At that point your only option may be to hold your coins, after all if trading bitcoin is forbidden where you live this also includes P2P transactions, so there is not much that a person can do in that scenario, you either hold your coins or you move to a country in which you can buy and sell bitcoin, however such an extreme move would only make sense if you have a lot of bitcoin, now you could also decide to go against the law and hope to not get caught, but by doing this you will be taking a massive risk.

len01

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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.

Is it true that what you mean is the betting limit? if true, you have a positive mindset to respond to this case if it occurs. because basically gambling is only for betting and having fun without any coercion and crypto trading is only for additional profit and if BTC is banned in our country surely we will not be affected having to make a profit in gambling like you said. gambling will forever be just a place for fun and if BTC is also banned in my country there may still be other alternatives to be able to gamble responsibly for entertainment purposes only like using fiat in local gambling.

I really appreciate someone who has a mindset like you who is wise in responding to a problem.

STT

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I have relatives in every country, if they can play then I ask them to gamble for me effectively. I dont see the point in these absolute laws when people can travel though I realize some countries you are not allowed to go on holiday so maybe such reasoning is applicable in that scenario. Its mostly about tax and thats a failure because its far better to allow gambling and just take some cut towards taxation rather then attempt to ban or only allow the government lotto.

n0ne

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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.

danherbias07

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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.

Oilacris

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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.

pawel7777

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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.

ethereumhunter

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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.

Aikidoka

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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.

Probably withdrawing is the best option here or perhaps sending some of your crypto to a casino if you still want still to gamble, as you won't be allowed to do that after the crypto ban takes effect in your country. The choice here depends on the gambler himself. If you believe that you can make more money through gambling during the ban, then it may be worth sending some of your crypto to a gambling site. However, if you don't want to take that risk withdrawing your money would be the safest option imo.

Stepstowealth

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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.

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.

goldkingcoiner

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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 would think that while crypto gambling being taken down would result in a sharp price decline in crypto prices, I doubt it would have a permanently damaging effect. Why in the world would I give up my Bitcoins just because casinos got taken out?

Cryptocurrency is much much more than only crypto casinos.

Ironically giving up your coins in such a case would be a bad bet against the future of crypto.

Also, I very much doubt that you will not be able to gamble with crypto in other countries, in which crypto gambling has not been outlawed. So the coins definitely will not lose their value (at least not long term) over something small like this.

I doubt I will ever want to trade in my coins for fiat again.

slapper

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Quote from: ethereumhunter on June 21, 2023, 01:16:56 AM

Quote from: lalabotax on June 16, 2023, 05:07:33 PM

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.

Can't we still do online gambling with BTC? As long as access to it is still possible, why not? I'm sure it will be the same for many people, as long as they can still access online gambling and can still use BTC or other crypto, they will definitely continue to use it, especially if this makes more profit and ease of transaction. However, we also don't need to tell this kind of thing to other people so that everything is kept a secret, right? Especially if the government finds out, it's possible that our account will be banned. But then again, if you act carefully and keep secrets, it might be safer. So, don't need to panic.

You can continue to gamble online with BTC without worrying as long as you can play at a trusted casino. And as long as your government continues to allow gambling, you don't have to worry either. What matters is that your government gives you permission for what you want to do. Otherwise, you will be suspected of doing something illegal and the government can investigate and arrest you. But if your government doesn't allow trading, you better not try to break it because the government can catch you. It's better for us to follow the regulations while waiting for the notification from the government so we can stay safe. And if you still have coins in trade, it is better to withdraw them immediately so you don't run into any problems.

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.

ethereumhunter

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Quote from: Blitzboy on June 21, 2023, 05:02:54 AM

Quote from: ethereumhunter on June 21, 2023, 01:16:56 AM

Quote from: lalabotax on June 16, 2023, 05:07:33 PM

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.

Can't we still do online gambling with BTC? As long as access to it is still possible, why not? I'm sure it will be the same for many people, as long as they can still access online gambling and can still use BTC or other crypto, they will definitely continue to use it, especially if this makes more profit and ease of transaction. However, we also don't need to tell this kind of thing to other people so that everything is kept a secret, right? Especially if the government finds out, it's possible that our account will be banned. But then again, if you act carefully and keep secrets, it might be safer. So, don't need to panic.

You can continue to gamble online with BTC without worrying as long as you can play at a trusted casino. And as long as your government continues to allow gambling, you don't have to worry either. What matters is that your government gives you permission for what you want to do. Otherwise, you will be suspected of doing something illegal and the government can investigate and arrest you. But if your government doesn't allow trading, you better not try to break it because the government can catch you. It's better for us to follow the regulations while waiting for the notification from the government so we can stay safe. And if you still have coins in trade, it is better to withdraw them immediately so you don't run into any problems.

Your assertion on BTC online gambling makes sense, given it's legal in your area and you trust the platforms. Yet, the bid to maintain secrecy to dodge scrutiny is troubling. We don't back unlawful activities or their semblance here. Remember, every move has repercussions. Stay updated on your country's crypto rules. Ignorance isn't a defense. It's better to withdraw coins if you sense legal ambiguity than gamble. Be prudent, because safety always comes first!

We can't do anything with that oversight because we also don't want to be seen as violating the rules that have been set and enforced. The important thing is that we always try to find out about crypto developments in our country so that we don't intentionally or unintentionally break the rules. Moreover, if the government changes its regulations one day, we must also seek information from reliable sources. If necessary, we can ask the government office to get valid information so we don't take the wrong step later.

len01

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Quote from: Strongkored on June 21, 2023, 09:13:12 PM

Keeping it while hoping that there will be a change in regulations might be a good choice because we know how the price of Bitcoin continues to grow from time to time, but actually between Bitcoin and gambling is different because a country can ban Bitcoin but not prohibit gambling or vice versa. If the country prohibits gambling then obviously we cannot play because it will endanger ourselves whereas if Bitcoin is banned we will still be able to gamble but use fiat as payment at the casino.

but apparently neither. because what I know so far some countries may have banned gambling and also Bitcoin but in reality there are still lots of people who use Bitcoin in everything such as gambling and any investment.
and vice versa even though gambling is prohibited but there are still a large proportion of gamblers from countries that prohibit gambling to continue to gamble in various ways.

so this is actually just an illusion for me because the more sophisticated the technology, all countries will recognize what bitcoin is and it will not be possible for all countries to ban bitcoin.

Strongkored

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Quote from: Mr. Magkaisa on June 21, 2023, 06:52:13 PM

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.

- Of course, I will not sell it even if bitcoin is different in our country. That is irrelevant, I will still hide and save as much as I want. And my gambling is still up to me if I like it or not. We also know that Bitcoin hasn't been created yet and that's where the gamble is.

And even if Bitcoin is different for them, there will still come a time when they will revoke it because many countries have banned bitcoin which they later revoked due to the community investors around the world embraced it apart from its concept.

Keeping it while hoping that there will be a change in regulations might be a good choice because we know how the price of Bitcoin continues to grow from time to time, but actually between Bitcoin and gambling is different because a country can ban Bitcoin but not prohibit gambling or vice versa. If the country prohibits gambling then obviously we cannot play because it will endanger ourselves whereas if Bitcoin is banned we will still be able to gamble but use fiat as payment at the casino.

noorman0

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Regulatory changes do not really affect someone to keep commitments. My country has banned gambling for a long time, that doesn't mean there wasn't any gambling at all. Likewise crypto even if it were to be banned completely though, I think the situation would go back to the time when crypto was not regulated like using non-local platforms.

And it's fortunate that if people have kept their privacy in mind over their bitcoin holdings from the start, they can still be as free to gamble as ever.

ChiBitCTy

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So basically you're asking us to incriminate ourselves here lol. I have always been the type of person and been of the type of mind that if something is not morally wrong, yet my government has laws against it or bans it, then I'll probably still do "it", whatever "it" is, if I think that it's in my "god given" right to do so. I'm of the mind that the government needs to stay out of our business, and this would be no different gambling wise.

Lanatsa

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Quote from: Stable090 on June 21, 2023, 06:21:57 PM

Quote from: alastantiger on June 16, 2023, 02:13:13 PM

Why the rush when I can lose my coins to gambling within the twinkle of an eye. The coins that I can't afford to lose, I don't not put it into gambling where the odds will be against me and the outcome unpredictable.
I'll be patient with the government. Keep my coins somewhere safe and hold. As long as my government wouldn't be able to tell who holds crypto and who doesn't, then I am fine.

When you are gambling always gamble with any amount you can afford to lose, don’t be surprise if you withdraw all the coin to your wallet, within few hours you might lose everything. If am in a situation which government ban cryptocurrency, then what I will do is that withdraw any amount which I wish to gamble with to my gambling account, then withdraw the remaining coin, It will be a better idea than just withdrawing everything to my gambling site. Why will I gamble with all of it when I know am not really a professional when it comes to gambling, the chances of me losing the coin to gambling is really high, because when am gambling, I will be extra careful, and I easily lose when am too careful.

This is the general rule once you do get involved with gambling is that only make use of the amount on which you could afford to lose because thats gambling on which there's a high chance that you would really
lose big time if you cant be able to control yourself because once you do find yourself that impulsive then you would really be commiting out decisions which arent supposed to be done in the first place.

Going back into the topic about playing on a casino while its ban or tending to be banned on your country? This is a common sense that you should avoid but if you are that hardheaded then
you could always have the choice to go against or violate but dont regret on the time that you would really be facing up some consequences on the time that you would get caught.
We do have our own will and common sense on which we could really be able to make use on such situations on which we could be able to identify on whats good and whats bad.lol

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.

- Of course, I will not sell it even if bitcoin is different in our country. That is irrelevant, I will still hide and save as much as I want. And my gambling is still up to me if I like it or not. We also know that Bitcoin hasn't been created yet and that's where the gamble is.

And even if Bitcoin is different for them, there will still come a time when they will revoke it because many countries have banned bitcoin which they later revoked due to the community investors around the world embraced it apart from its concept.

Topic: would you play more on casino when your country plans to ban BTC? - page 4. (Read 1050 times)