would you play more on casino when your country plans to ban BTC? - page 5.

Stable090

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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.

dezoel

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Quote from: Outhue on June 21, 2023, 04:22:23 AM

It depends on the country, when government put a ban on crypto in my country, the only way left for them to know if I am still doing illegal crypto transaction is my bank account and as someone who don't use bank account for any crypto related transaction I was free.

Ban on crypto will affect using your crypto to purchase or make transaction in the country, you can't go to store nearby and use crypto to pay, since it's illegal, but online? I won't worry much, I wonder how they will know, all you have to do is use peer to peer and you are free.

This won't stop me from gambling on any online casinos either, it makes no sense, because we have DEX platforms and also P2P ways of buying and selling crypto.

Actually, Telecom operators have the record of everything you do on the internet if you are using the internet service of your mobile sim card, and even if you use a local WIFI connection, even they can see what you are doing online, every single thing, so it's not like they would never know that you are using cryptocurrencies online or using applications or platforms that involve cryptocurrencies unless they are not tracking you.

Also, what makes you think that it is only you who knows about the cryptocurrency gambling websites and they won't know about them? They know everything, and if they ban cryptocurrencies, they will also ban every single platform or website that involves cryptocurrencies.

Blitzboy

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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 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!

Outhue

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It depends on the country, when government put a ban on crypto in my country, the only way left for them to know if I am still doing illegal crypto transaction is my bank account and as someone who don't use bank account for any crypto related transaction I was free.

Ban on crypto will affect using your crypto to purchase or make transaction in the country, you can't go to store nearby and use crypto to pay, since it's illegal, but online? I won't worry much, I wonder how they will know, all you have to do is use peer to peer and you are free.

This won't stop me from gambling on any online casinos either, it makes no sense, because we have DEX platforms and also P2P ways of buying and selling crypto.

ethereumhunter

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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.

Cookdata

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Quote from: Silberman on June 20, 2023, 10:46:38 PM

Quote from: m2017 on June 17, 2023, 12:50:46 AM

It is in your poll there are no other options, except for the two voiced. In reality, there are always options, the best of which everyone tries to choose for themselves.

Since I no longer play gambling games, the option of sending coins in an online casino immediately disappears.

The ban on crypto trading doesn't bother me too much either. Let them ban - I'm not interested.

If cryptocurrencies are banned, in principle, in general, then another conversation arises here. It will always be possible to find a government and a country more loyal to cryptocurrencies. Also, those who are loyal to online gambling and don't plan to ban this area.

We need to think as far ahead as we can, and in my opinion a ban on cryptocurrencies may happen on some countries around the world, so we need to be ready in the case this happened in the country we are living, in my case if this happened where I live I will be able to deal with it as I have never being very vocal about my bitcoin holdings, so I could just keep holding my coins and nothing will happen to me, and if the price of bitcoin went incredibly high it may allow me to move to a different country and sell my coins legally there.

If I have a good retentive memory, I think 2 years ago when China place ban on Bitcoin and cryptocurrency, there were some people that were still trading on Binance and in other rexchanges. I might not like centralized exchanges but I commend there effort for allowing people still trade bitcoin to their local currency. The last time I was surfing through Binance exchange, I was surprised that they have some Chinese merchant that were still trading on p2p exchange. I think even if a country place a ban on bitcoin, there will always be an alternative to sell their coins for fiat. The only fear is that Casino and exchanges can restrict access to your funds and to fight back will be difficult because you it's actual illegal to use them.

tusandii

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Quote from: BitDane on June 16, 2023, 05:25:40 PM

Well, i just keep on enjoying crypto gambling then. After all the fund is intended for gambling, can consider it as payment for entertainment. Cheesy

Btw, I don't gamble to earn lots of money, I gamble because I see it as form of entertainment. If in case I have Bitcoin and I can't find any place to spend it since it is illegal but using it on gambling is legal then I'll just spend it there.

It's great if you use your allotted money for gambling for the purpose of having fun and don't expect to double that money.
Because some gamblers have such thoughts.
If bitcoin is banned as a medium of exchange or something like that, maybe it can still be used for gambling, but you still have to be careful because when the country imposes the ban, there must also be supervision efforts carried out by the competent parliament in the country itself.
I personally will also do the same thing because that way it will be easier for us to take advantage of the Bitcoin we have without worrying about problems that might occur.

Pierre 2

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I think it's very bad idea to wait for your government to change its decision on many things including banning crypto. It can take years to wait for governing party to be replaced by pro-crypto one. It is much better just to pull it away to casinos to play then wait for years to come. I feel like casinos may consider to give crypto depositing service to customers so people with such issues can feel relaxed. (I know you can deposit to your casino but I mean even more extended wallet support)

Silberman

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Quote from: m2017 on June 17, 2023, 12:50:46 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.

It is in your poll there are no other options, except for the two voiced. In reality, there are always options, the best of which everyone tries to choose for themselves.

Since I no longer play gambling games, the option of sending coins in an online casino immediately disappears.

The ban on crypto trading doesn't bother me too much either. Let them ban - I'm not interested.

If cryptocurrencies are banned, in principle, in general, then another conversation arises here. It will always be possible to find a government and a country more loyal to cryptocurrencies. Also, those who are loyal to online gambling and don't plan to ban this area.

We need to think as far ahead as we can, and in my opinion a ban on cryptocurrencies may happen on some countries around the world, so we need to be ready in the case this happened in the country we are living, in my case if this happened where I live I will be able to deal with it as I have never being very vocal about my bitcoin holdings, so I could just keep holding my coins and nothing will happen to me, and if the price of bitcoin went incredibly high it may allow me to move to a different country and sell my coins legally there.

m2017

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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.

It is in your poll there are no other options, except for the two voiced. In reality, there are always options, the best of which everyone tries to choose for themselves.

Since I no longer play gambling games, the option of sending coins in an online casino immediately disappears.

The ban on crypto trading doesn't bother me too much either. Let them ban - I'm not interested.

If cryptocurrencies are banned, in principle, in general, then another conversation arises here. It will always be possible to find a government and a country more loyal to cryptocurrencies. Also, those who are loyal to online gambling and don't plan to ban this area.

Silberman

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Quote from: qwertyup23 on June 16, 2023, 06:23:35 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.

If the government prohibits the utilization of BTC, I would very much attempt to use it in secret.

To be honest, this is one of the ways in making BTC obsolete- government prohibition by multiple countries can somehow destroy the reputation of BTC and its utilization. Remember when China prohibited mining cryptocurrencies in their country? This brought a significant impact to the cryptocurrency world in which its price in the market somehow lowered.

Personally, I would still attempt to use BTC and maximize the transactions but I would be careful due to its prohibition. If there are penal sanctions when caught, then I might actually wait for the government to change their view and actually allow for its usage in the country.

The best course of action will depend not only on the laws passed on the country in which you live, but also on how serious is the government about implementing those laws, after all there are many governments out there which make all kind of claims, but truth to be told they do not have the personal or the money to even implement some of the most important and basic laws, so in that case it is unlikely you will get caught even if you use bitcoin when you are supposed not to.

TheGreatPython

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

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.

That's the point, even if government has banned cryptocurrencies, it doesn't mean that cryptocurrencies have become worthless or the government would never change their mind, so one should obviously just keep their Bitcoins somewhere safe and wait for the future, by the time you remember that you have some Bitcoins stored somewhere a few years back and the price is over its previous all-time high at that moment.

Gambling away every single dime you have is not a good idea at all, no matter how much time does the market takes to go up again if it's down by the time your government bans it and you want to sell them which I wouldn't recommend at all. Holding is the best solution.

Hispo

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It would be a very unlikely scenario seeing my country to even considering a ban on Bitcoin and other kinds of crypto assets.

If they did so, it would be irrelevant for people here because the goverment does not have a realistic way to enforce a ban neither on Bitcoin nor on online casinos, they have already tried to ban webpages before and they always fail to do so, people would just get used to using a VPN and continue with their normal gambling sessions.

Of course, that would imply to gamble on casinos which are friendly towards the use of such tools. Anyways, the fact Bitcoin cannot be banned it is just another proof it works as intended, which is why it is so attractive for gamblers around the world.

qwertyup23

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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 the government prohibits the utilization of BTC, I would very much attempt to use it in secret.

To be honest, this is one of the ways in making BTC obsolete- government prohibition by multiple countries can somehow destroy the reputation of BTC and its utilization. Remember when China prohibited mining cryptocurrencies in their country? This brought a significant impact to the cryptocurrency world in which its price in the market somehow lowered.

Personally, I would still attempt to use BTC and maximize the transactions but I would be careful due to its prohibition. If there are penal sanctions when caught, then I might actually wait for the government to change their view and actually allow for its usage in the country.

alegotardo

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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 don't see much correlation between the Bitcoin ban and gambling betting.
Firstly, in my country gambling is prohibited, however we are "free" to place bets in online casinos, which for me fulfills all my addiction needs Cheesy

However.... even if they ban Bitcoin in Brazil, I will still have the same "relationship" that I have today with cryptos... accumulating most of what I earn and spending part of it in online casinos.
I have the hope that when I need to withdraw the Bitcoin saved, I will still find a P2P to carry out the negotiation for Fiat or another product / service that I need.

Slow death

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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.

When I got to the part where you ask if someone would send his coins to a casino to accumulate coins I was wondering: since when does anyone make a profit from gambling? As far as I know, since gambling has existed they have never had the purpose of making people profitable, but rather they have always had the purpose of giving people fun, that has always been the sole purpose of gambling, if a person knows that the government of his country banned bitcoin so this person should keep the bitcoins in his wallet and keep the private keys well

it's the only solution, there's no such thing as accumulating coins with gambling, that's impossible, and I hope all people understand this well, I'm not being peximistic, I'm being very realistic, gambling is not extra income, it's all about fun . also in countries where bitcoin has been banned one will have to avoid playing with bitcoin, and the most sensible thing to do, if you want to play for fun then you will have to use fiat, if you use bitcoin to play it could be interpreted that you are breaking the rules laws of your country

BitDane

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Quote from: pawel7777 on June 16, 2023, 05:08:53 PM

Quote from: BitDane on June 14, 2023, 04:03:07 PM

I think I can still keep on playing. Since the government had not ban crypto gambling. This means any cryptocurrency used to gambling is legal so we do not have to worry about being involved in illegal activities. Its that I have to look for an alternative to convert the cryptocurrency if I happen to win a huge amount of money. I hate leaving my crypto on gambling platform so I will do my best to withdraw them to my non-custodial wallet.

Would your approach be any different if (in this hypothetical scenario) the country did not ban crypto trading? i.e. would you still risk your holdings by gambling?

No, because I am just doing my normal routine and since crypto gambling isn't banned then I will continue with it.

Quote from: pawel7777 on June 16, 2023, 05:08:53 PM

If you can find an alternative to convert to fiat (e.g. by using foreign exchange) then the local trading ban is irrelevant.

It seems so, but that is not my concern if it is irrelevant or not.

Quote from: pawel7777 on June 16, 2023, 05:08:53 PM

And if you can't find such alternative, then why bother gambling at all, since you can't cash out your earnings any way.

Well, i just keep on enjoying crypto gambling then. After all the fund is intended for gambling, can consider it as payment for entertainment. Cheesy

Btw, I don't gamble to earn lots of money, I gamble because I see it as form of entertainment. If in case I have Bitcoin and I can't find any place to spend it since it is illegal but using it on gambling is legal then I'll just spend it there.

pawel7777

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Quote from: BitDane on June 14, 2023, 04:03:07 PM

I think I can still keep on playing. Since the government had not ban crypto gambling. This means any cryptocurrency used to gambling is legal so we do not have to worry about being involved in illegal activities. Its that I have to look for an alternative to convert the cryptocurrency if I happen to win a huge amount of money. I hate leaving my crypto on gambling platform so I will do my best to withdraw them to my non-custodial wallet.

Would your approach be any different if (in this hypothetical scenario) the country did not ban crypto trading? i.e. would you still risk your holdings by gambling?

If you can find an alternative to convert to fiat (e.g. by using foreign exchange) then the local trading ban is irrelevant.
And if you can't find such alternative, then why bother gambling at all, since you can't cash out your earnings any way.

lalabotax

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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.

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.

seleme

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Probably I will withdraw and wait for the new rules but I am sure it is better to stop gambling if the government wants to do so. Changing countries and looking for alternative countries may change something but it doesn't look like the best option, IMO. Some governments even don't care about crypto investors and they prefer the traditional way of economy, so make research before deciding. I never deposit in the casinos before reading ToS and check the availability on the specific region since Stake has banned some countries suddenly. It is under question what will happen tomorrow, so I suggest not holding big amounts on crypto casino accounts.

Topic: would you play more on casino when your country plans to ban BTC? - page 5. (Read 1050 times)