would you play more on casino when your country plans to ban BTC? - page 6.

Weawant

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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.

If you're not a gambler then you don't have to gamble because if you do so, you might become addicted or possibly lose all your coins to the casino. Your government might ban Bitcoin but not forever because in the future, the government will reverse their laws to unban Bitcoin.

Instead of gambling your coins, I'll advise you keep holding it, it'll increase in price in the future and you can sell your coins. If Bitcoin becomes illegal in your country, there'll still be ways which you can sell your Bitcoin and get yourself out of this situation that you're in.

You can also sell your coins through peer 2 peer transactions and the government can't ban decentralized transaction. They can only attack centralized exchange through their laws but not decentralized exchanges so don't gamble your coins instead hold them

alastantiger

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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.

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.

Casdinyard

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I'm going to keep playing, but not for the reasons you laid down in your post. I'll keep on playing cause I want to play and gamble and not because I wanted some other way for my coins to accumulate if bitcoin were to be banned in my country. Besides, and this may stray off the point of your post but it's something that holds a lot of truth nowadays, online gambling will have a higher chance of getting banned in my country over bitcoin, and US is not the only country in the world (seeing as most issues and flak against bitcoin and cryptocurrency comes from the SEC which is in US). So with that being said, bitcoin getting banned shouldn't be the biggest concern here, or what to do with your bitcoin if it were to be banned in your country. Remember, it's decentralized and indifferent when it comes to territories, you could pretty much use it even if your country bans it. Gambling in all its forms is threatened.

darewaller

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Quote from: Kakmakr on June 14, 2023, 01:45:27 AM

Just know one thing, if your government targeted Crypto exchanges... then it is not going to stop there. They are going to go after all other Crypto activities, once they finished with Crypto exchanges.

I will rather focus on trying to secure the tokens I own now, before they ban everything else ....and find ways to protect it. Get it into cold storage, so that you can sell it online....when the price is at a all-time-high. Wink

Then knowing one thing is not enough but we need to stay vigilant to know if what will be the next on their list. What I know is that SEC is the ones who always have an issue in the crypto exchanges and some cryptos but I think they never target crypto casinos.

There might be a reason for it. When the government bans crypto gambling, there might also be a reason for it like it operates illegally and those casinos who supports BTC are also going to be affected. If my country is one of it, I will now play harder using my BTC because this might be the last time that I can do it. I am only making sure that I have gotten enough, to not have an urge to play later on.

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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.

When the government bans crypto trading, it means they have forbidden anything that has to do with crypto, and doing it against their protocols and laws will rule in a fine, you just break the law and there is a fine for it. Have you asked yourself, how do you plan to sell the bitcoin you will accumulate after gaining more USD, or when the market pump, you will sell them to the market to get your cash as profit and you have just directly or indirectly made a trade.

I believe when the government ban crypto trading, the crypto used in gambling will become something they will tell casino to delist because they will pay tax and make yearly report on their financial revenue, they wouldn't dare mention it that they made revenue from crypto the government has ban and restricted to their country.

BitDane

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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.

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Quote from: Woodie on June 14, 2023, 04:00:19 PM

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.

And as long as I know that with VPNs, tor browsers and other ways of Masking my footprint will keep my identity unknown, am not giving up on crypto because of a government ban, besides...I the govt is protecting their interests in fiat and am protecting my financial freedom that exists digitally.

You still have to be weary, though. There are casinos that do not explicitly state their rules on VPN and the use of such tools to mask your IP and stuff, but they'll ban or restrict your account the moment they find out about it. There are still multiple points of possible failures on your plan even though you have masked your identity online. Better be safe about it still and not get swayed by the guise offered by VPN services. Choose your platform that are lenient to such services and you'll be fine.

Woodie

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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.

The fact that I understand that the only person with full access to my crypto coins is me..I don't mind to keep playing , unlike having money kept at a bank where third-parties have access to it and can lock me out too...With
All things considered am definitely going to keep playing on my favorite crypto platforms because govt was nowhere when crypto was establishing itself .

And as long as I know that with VPNs, tor browsers and other ways of Masking my footprint will keep my identity unknown, am not giving up on crypto because of a government ban, besides...I the govt is protecting their interests in fiat and am protecting my financial freedom that exists digitally.

wiss19

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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.

There is another aspect to this question. If the government bans crypto trading, will it not ban the crypto itself? I never heard that anywhere in the world crypto trading is banned but people are allowed to use the cryptocurrencies. Usually, the ban is imposed on the use of crypto and then you cannot use crypto for trading or gambling.

In that case, Online gambling will still be allowed, and the payment mode shall be credit cards (fiat money). In such circumstances, if you still use cryptocurrency for gambling, you are doing an illegal act.

A ban imposed on cryptocurrencies will cause all the platforms being banned where cryptocurrencies can be used whether it's an exchange, a wallet, a gambling platform, or anything else where cryptocurrencies can be used. Which means, that if cryptocurrency trading is banned, cryptocurrency gambling platforms will also be banned so someone can't use their cryptocurrencies for gambling as well.

And even if cryptocurrency gambling platforms are not banned, it is not wise to gamble away everything you have only because cryptocurrencies are getting banned in your country. You can always keep them in a secure wallet and wait for the future.

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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.

There are so many ways to circumvent the bans since years. There are VPNs, Tor and so many other methods. Even Bitcoin itself is pseudo-anonymous and this the problems are low.

Truly speaking the ban on crypto is a tough thing to actually implement. The governments rarely want to do something that the people love to use. They would rather put taxes than outright ban them. Otherwise the outcry would be difficult to control.

Also gambling is a hidden pleasure for many people. So it's not stopped easily and even if it does some new method will come up.

ethereumhunter

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Quote from: Kakmakr on June 14, 2023, 01:45:27 AM

Just know one thing, if your government targeted Crypto exchanges... then it is not going to stop there. They are going to go after all other Crypto activities, once they finished with Crypto exchanges.

I will rather focus on trying to secure the tokens I own now, before they ban everything else ....and find ways to protect it. Get it into cold storage, so that you can sell it online....when the price is at a all-time-high. Wink

By doing that, at least, we can secure our crypto assets and protect them from government targets. Even though the government will apply more stringent rules for all these exchanges later, it's okay for us because we can still use other exchanges.

And it's better not to play gambling for a while until further notification from the government because the government may also regulate these casinos. But if you want to keep playing gambling at the casino, you have to be careful because we don't know how closely the government has supervised the casino.

Kakmakr

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Just know one thing, if your government targeted Crypto exchanges... then it is not going to stop there. They are going to go after all other Crypto activities, once they finished with Crypto exchanges.

I will rather focus on trying to secure the tokens I own now, before they ban everything else ....and find ways to protect it. Get it into cold storage, so that you can sell it online....when the price is at a all-time-high. Wink

Doan9269

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Quote from: mindrust on June 14, 2023, 01:03:55 AM

They can ban btc all they want. They will never know what I do with my coins. That’s the whole point of crypto. I have zero fear of the government when I use crypto because it is impossible for them to know what I am doing. They don’t have the resources and they don’t have the brains. So fuck em. They can ban it all they want and I don’t give a single flying fuck. Crypto has changed the world forever. The govs may not realize it yet but soon they will find out.

Yes and of course the government can legally ban the use of bitcoin, but what they should know is that they were the ones going to suffer the most on this because they will not have the opportunity to use the digital currency while i can privately make use of bitcoin through the p2p network to perform my privacy transactions as long as am not using a centralized exchange and trust the gambling platform i use from leaking my informations.

mindrust

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They can ban btc all they want. They will never know what I do with my coins. That’s the whole point of crypto. I have zero fear of the government when I use crypto because it is impossible for them to know what I am doing. They don’t have the resources and they don’t have the brains. So fuck em. They can ban it all they want and I don’t give a single flying fuck. Crypto has changed the world forever. The govs may not realize it yet but soon they will find out.

Silberman

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Quote from: passwordnow on June 10, 2023, 06:39:58 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.

I'll withdraw and that's easy. We don't keep our coins on any centralized platforms whether it's an exchange or a crypto casino. And if there's no other option, that's the best thing to do because you can still sell it somewhere offshore so you'll get what you've accumulated.
You don't just stay in your country if they're too strict with the implementation of rules and regulations against bitcoin. So, whether you like it or not, that's the best option and that's just to withdraw and hold. If ever they change their stance that's good but at least you've got a game plan on what you'll do with your accumulated btc.

One of the great things about bitcoin is that it allows you to bid for time and wait until things get better, after all if you tried to do this with fiat by the time you wanted to sell then a great deal of the value of your coins will be lost, but with bitcoin if you wait until a new bull market comes then it does not matter if the country in which you live makes bitcoin illegal, as you could always sell it with a P2P transaction or you could move to another country in which holding and selling bitcoin is legal and avoid problems with the law in that way.

Josefjix

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Quote from: passwordnow on June 10, 2023, 06:39:58 AM

I'll withdraw and that's easy. We don't keep our coins on any centralized platforms whether it's an exchange or a crypto casino. And if there's no other option, that's the best thing to do because you can still sell it somewhere offshore so you'll get what you've accumulated.
You don't just stay in your country if they're too strict with the implementation of rules and regulations against bitcoin. So, whether you like it or not, that's the best option and that's just to withdraw and hold. If ever they change their stance that's good but at least you've got a game plan on what you'll do with your accumulated btc.

I have an reasonable suspicion that the government is aware of the beneficial transformation bitcoin may bring to the country, but they still prohibit it for reasons best understood as self-interest. Bitcoin has a promising future, unlike casinos, which continue to drain our hard-earned money in the pursuit of more money. I stopped gambling a long time ago, and I have no plans to return. The government will not only impose stringent limits on BTC, but will also monitor the critical means by which traders and investors take their earnings, which is where P2P comes in.

piebeyb

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Quote from: Mr. Magkaisa on June 10, 2023, 04:08:45 AM

- Of course if that happens I will still keep my bitcoin in a non-custodial wallet, this is the only safe way apart from having your own hardware wallet. So there are many options or methods in these situations.

In gambling, there is a higher chance that the government will control it, but in bitcoin, it is very unlikely that will happen. You know the government of other countries think of nothing but to manipulate what they want to manipulate if there is benefit and they will benefit from it.

Yes, you are right, storing bitcoins in a wallet is the best way because we are worried that the government will also block access to casino sites and it will be difficult if we try to use a VPN and we can be banned by casinos from playing there, therefore it is better to withdraw to save it until everything calms down with a better situation.

The government obviously will control it if they ban something then they will prevent all access too unless the government withdraws the ban and frees the casino also bitcoin then no problem if play casino again I'm sure everyone will think the same as you

passwordnow

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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'll withdraw and that's easy. We don't keep our coins on any centralized platforms whether it's an exchange or a crypto casino. And if there's no other option, that's the best thing to do because you can still sell it somewhere offshore so you'll get what you've accumulated.
You don't just stay in your country if they're too strict with the implementation of rules and regulations against bitcoin. So, whether you like it or not, that's the best option and that's just to withdraw and hold. If ever they change their stance that's good but at least you've got a game plan on what you'll do with your accumulated btc.

Doan9269

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Quote from: Mr. Magkaisa on June 10, 2023, 04:08:45 AM

- Of course if that happens I will still keep my bitcoin in a non-custodial wallet, this is the only safe way apart from having your own hardware wallet. So there are many options or methods in these situations.

In gambling, there is a higher chance that the government will control it, but in bitcoin, it is very unlikely that will happen. You know the government of other countries think of nothing but to manipulate what they want to manipulate if there is benefit and they will benefit from it.

Will you now because of this avoid gambling and hodl your your cryptocurrency in your wallet without gambling? Could this be possible and is it not easier said than done, what if you try to locate a casino that requires no KYC from tou and uses it to gamble and maintain every means to privacy and security measures, am not advising to go against your country law but they cannot moderate gambling to the fullest as far as am concerned.

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Quote from: Mr. Magkaisa on June 10, 2023, 04:08:45 AM

- Of course if that happens I will still keep my bitcoin in a non-custodial wallet, this is the only safe way apart from having your own hardware wallet. So there are many options or methods in these situations.

In gambling, there is a higher chance that the government will control it, but in bitcoin, it is very unlikely that will happen. You know the government of other countries think of nothing but to manipulate what they want to manipulate if there is benefit and they will benefit from it.

Keeping your Bitcoins in a non-custodial wallet can protect you from hacks or government checks on exchanges. The government may not be able to check the people who keep their Bitcoins in those non-custodial wallets. Still, the government can check the account holders on exchanges originating from their country so the government can do further checks. So it's better to withdraw all the coins on the exchange than to get into trouble later. And for gambling, maybe we should take a break from playing gambling while waiting for further announcements from the government.

Topic: would you play more on casino when your country plans to ban BTC? - page 6. (Read 983 times)