Showing posts in the last 8 days

Explore alastantiger's Insights & Posts

Re: Crypto Casinos and Taxes-Are We Really Safe?
in Gambling discussion
Whether playing in a traditional or cryptocurrency casino, gamblers are safe from paying income taxes on every winnings. To avoid legal problems because of taxes, it is advisable to speak with a tax expert who is knowledgeable about both gambling and cryptocurrency taxation.

Yes that is the advice I will also give because we cannot be guaranteed of what is the percentage in other countries concerning their taxes and if I was to give my own advice based on how my country and the taxes then I might be misleading the audience. I can also add that if you make money from crypto investing it's better to pay the tax on your profit that you made before gambling with that money to avoid you having a misunderstanding when you make a profit from gambling and then you want to pay your tax because then you may be overpaying your tax or under paying without knowing. The best advice here is to consult your tax officer and ask him to review your income for you to know how much you have to pay for tax and also if your country taxes the profits you make from gambling then you can also understand how much you are also going to pay but I don't think many countries tax the profit made from gambling.
#1
Re: Are pure online casinos slowly becoming outdated?
in Gambling discussion
curious what others think about this, is this really the direction the industry is going or just a temporary phase?

I think pure casinos are becoming outdated and I can't blame them because they are trying to meet up to the market demand as more sport bet lovers are becoming interested in betting, the sportbooks has to be added to the casino's that are already existing to give the players a better experience. Sport betting is more popular than casino betting although this was not the same few years ago as casino bet were more famous but with the introduction of big companies investing in sports, they are gaining more attention and this is making them become more marketable and then gamblers has seen opportunities to bet on games to make more profit.
#2
Re: What’s the driving the rapid demand for online gambling (online casino)
in Gambling discussion
People now are being use to online casino at the same.time the easy access transfer money, you don't need to go to the casino to play, you just need a phone , or a computer , laptop and your good to go.
The easy access and ease of use, are now being preaented to the people, so they were thinking, of i can this this at homw while taking a bath cooking etc, it ia better than the usual casino, they can do a lot.

What is driving the demand for online gambling is the restriction put on gambling by some of the countries that does not like gambling, also the introduction of the internet and the way gambling site and casino can be easily accessed on the phone has also increased the way people gamble. People don't have to travel distances or plan weekends to gamble with their friends anymore, they can now do that from the comfort of their home and this makes the playing time increase and also the risks of addiction.
#3
Re: Why I love crypto ?
in Trading Discussion
Well, at least there are quite a few people who started out as ordinary folks but later managed to turn their lives around and become quite wealthy. take, for example, those who acquired Bitcoin in the early days and inadvertently held onto it for the long term; when they finally reopened their Bitcoin wallets after all that time, they reaped enormous profits that truly transformed their lives.

But not all cryptocurrencies are helpful. Because there are also many types that actually lead to the opposite outcome. As we’ve seen with many altcoins. But when it comes to freedom, I prefer to apply that term only to Bitcoin. Because only Bitcoin is truly decentralized.

I won't call the early investors in Bitcoin lucky but I will say they are people that strategically invested in Bitcoin and now they are benefiting from the investment they made when every other person ignored Bitcoin. Bitcoin was not silent when it was launched it was all over the internet as the early investors can see it that the signs were everywhere and then Bitcoin were being given up for free but many people just ignore it because they thought it would be another internet failed project that will just die. But today that story is different and for those that stayed with Bitcoin they are now benefitting from the decision they made. There can be many reasons why you love Bitcoin one of the reasons why I love Bitcoin is because it gives you the opportunity to make a profit it does not matter if the price is this high right now but you can still make a profit because they are higher chance that the price can double.
#4
Re: More reasons why accepting payment in Bitcoin is better.
in Bitcoin Discussion
Bitcoin has always being a better option in terms of transaction fees compared to banks. But most people see bitcoin as a scam project and might not accept it as payment means because they lack the knowledge of bitcoin. It is a common knowledge that "what you don't know won't hurt you" so most people choose to have no knowledge about bitcoin neglecting the value it generates.

Lots of people make this mistake of thinking that what they don't know won't hurt them but they fail to realize that it does not really matter if you know about something or not if  it affects everybody then it also affects you. There are people that out of ignorance they did not learn or get familiarize with Bitcoin and because of this they have gotten scams from different reasons.

Bitcoin is always the better option to use not just because of its low fee but also because of the fastness and the transparency that Bitcoin has. Bitcoin is also better as there is no limit to where you can send or receive money from since it does not use the traditional banks method but has its own blockchain that it operates with. The only problem with Bitcoin is that you will need the internet to send Bitcoin and also to view the Bitcoin you have in your wallet but excluding that there is no flaws in Bitcoin being a better option for transactions.
#5
Re: Bitcoin Still Only Real Crypto?
in Bitcoin Discussion
What are your thoughts? BTC only real Crypto still?
why or why not?

Bitcoin has always been the only real cryptocurrencies, other cryptocurrencies that got launched after Bitcoin was just trying to benefit from the success of Bitcoin. Since they were not created for real interest there will always be things about them that does not look right like when Ethereum is trying to centralise their blockchain by moving to the proof of stake algorithm. Bitcoin power comes from its decentralised operation and this makes it standard from other cryptocurrency and that is why you can call Bitcoin the real cryptocurrency why others are fake.
#6
Re: The morning after how do u feel when u wake up after a big loss ?
in Gambling discussion
In gambling, if we think positively, losing is actually the best learning experience for us and a wake-up call to take a break and take a breath. Gambling isn't about wealth; it's about controlling our emotions and remaining responsible in our gambling.

The lessons and life experience comes in the morning after I lost the previous night but just to add to the fun what I can add to what the OP is trying to get is that the same result that others get and become excited that is the same way I feel in the next morning after I win a very huge amount of money. Most times the win might not be that big but still I will very happy because I have at least gotten some kind of profit instead of being on the losing end. Winning is quite difficult when gambling as most of the time the results we get is loss yet whenever we see a win it is always a positive response that we give to it by celebrating. If I win a big amount of money I will try my best not to over celebrate to avoid attention coming to my end as then people might feel entitled to your win and want to share in your profit when they never did when you lost and when you decide not to share it with them then you become the bad person.
#7
Re: Longest losing streak you had in sports betting and how did you deal it
in Gambling discussion
It is hard for me to remember the longest losing streak I have had in sports betting, I have been gambling for long and may not be able to remember. I do know that sometimes losses become so frequent that it requires taking some days off to overcome the trauma. But those losses are easily forgotten after few weeks or just when one good win happens.  The most important thing is always to employ proper bankroll management to be able to wait out the bad days.

The longest losing streak that I have had is about 3 months, this came when I was trying to gamble with a combination of different champions League games and European games to try to add up my odds in an attempt to benefit from the odds being high and getting a big payout.

This strategy that I tried to use made me to go on a 3 months lose without winning from any of the games that I pick and this was very frustrating for me and the way I got out of this situation was just to discourage myself from trying to do a similar thing in the future as I started gambling on single games instead of combining games together and this helped me a lot because my profit started coming almost immediately. I started putting a little bit of money on games that I saw that the odds are quite big although it was not as big as when I combined different games through different weeks. Gambling is very frustrating when you are not winning and if you cannot find a way to at least reinforce on time is better you just stop instead of thinking that you can continue losing until you become lucky again as that most of the time does not happen.
#8
Re: The Danger of online Crypto Gambling platforms/crypto related Scams on the rise.
in Gambling discussion
You should always think about safety in any transactions, because you can run into scams, not only on gambling sites or platforms that allow crypto deposits. I wouldn’t experiment with new or little-known platforms, it’s better to use only those that already have a proven level of trust. And it’s best to avoid clicking on links without checking them first otherwise, you could end up losing not only the money you deposited, but also the funds in your accounts.



Something very common about the scam casinos is that they offer very high reward and bonuses and this is something you can use to identify them to avoid becoming a victim of scam, it is very understandable that many newbies can become a victim because of lack of understanding but when people that have started gambling for a very long time become a victim it is very sad because most times it is because of their greediness that is why they fall a victim. Always verify that you are using a trusted casino and there are many ways that you can do this and one of the quickest way is to verify if the casino is trusted on this forum, we have lots of gambling experts on the forum and if you want try to verify if a casino is a scam or not, they will be able to help you and this will make you to be safe when gambling on any of the casinos.
#9
Re: Mindset vs. reality
in Trading Discussion
Trading will definitely cause losses because it is never possible to make a lot of profit by trading, it is possible to make some profit when the market is in a good position.

For new traders their mindset is that immediately they start trading that they are going to make profit but the reality is different because trading does not give people profit that easily. You have to have been trading for a very long time for you to have gain the experience to make profit from the market, the market is very volatile and it can take away your money as quickly that you won't be able to understand what happened.

Long time investors are the ones that make the most profit in the market but to do this you have to have enough capital both for investing and the one that will take care of you why you leave your investment to grow, but for you to trade you can start with little money that you have and then add more money if you lose the ones you already used in starting that is why people are always attracted to trading than to investing for a long time. Before you decide to become a trader or an investor you have to make sure that the career choice that you are choosing is the best one for you.
#10