Keeping never ending language problem aside (we will come back to it) it seems that bitcoin has crossed 121k USD and in INR that has crossed a good amount beyond 1Crore Rupees.

Indeed this is a happy moment for us Indians who love to see the round figures and 1Cr was a dream for many of the Indian hodlers out there.

Let us hope this continues and the dumb government in our country have some idea what they are dealing with.

From what I have seen this speculative portal sees a lot of such shady new things that come and go and some people fall prey of them and lose money and others make money from them.

Scary and dangerous but profitable for the people who are running them, similarity can be drawn with shitcoins, memecoins and MLM schemes in the past with fiat.

I would suggest people to stick to bitcoin and bitcoin only. That eliminates most of these rugpulls and exit scams.

They have indeed taken a U-turn and are using bitcoin as a new scapegoat to buy votes of the people who are enthusiastic about cryptocurrency. It shows the normal habit of the politicians to take up an object and use it as a method to gain votes, similar examples can be found the past.

On the bright side, bitcoin has crossed 121k USD and we are reaching new highs, I guess some selling pressure is going to come in after this but we can handle that. If this price consolidates, we have a good chance to start looking forward to 150k USD soon.

Governments can do a lot of things to control people's vices gambling being one of them.

But if they see that they are making a good amount of taxation from games like lotteries which are often government sponsored and taxing the casinos why they will try to ban them?

The ultimate objective of any government is for the ruling party to make money. So they will extort it through taxation and licenses and many others.

Religious people are old enough to decide on their own if they want to gamble or not. Nobody needs to babysit them for it.

Same with online gambling. Offline just adds in the risk of things being more physical and chances of rigging. Online games are provably fair and the math can be trusted to a large extent.

Why is that? You can cash out any time and come out of the casino - its your choice. Yes the chances of getting robbed is a big thing but that does not mean you need to drain the money from the person in front of you to cash out.

Overall it is a fun experience if once a year, not everyday.

Suppose we are talking about some exam, you make a strategy, study smartly, solve old papers and you will secure good marks. Here practice and dedication has its effect unless the paper goes highly out of syllabus bounds.

Now when we come to gambling, every game is different from the previous one, there are no methods to outsmart the system and the more you "practice" the poorer you become, because it is made to be like that only.

So for EV- games, no strategy will ever work, just cash out while still in green. For EV+ games, I have my doubts, but it is safe to assume that the long term outcome is loss.

Come on now, you are rejecting traffic to sites you dont want to visit? Just dont open those websites at all.

Gambling addiction is hard to come to terms with. I think spending time outside your own gambling "man-cave" might have better effects. Look at things that you might have given up during this period while gambling just so you could gamble.

Often times we give our addiction preference and cut down relations and friends which are good for us. Try visiting those back and see how it helps. Otherwise professional help is always there.

Gambling is a process and casinos can be trusted if they are provably fair. Gamblers cannot be trusted with money because they have the habit of not paying back money they own.

Now when it comes to making money - never forget that casinos are running a business and a profitable one. The games on any casino are such that they might instill confidence to make money but in reality they are more likely to drain money than grant you money - the math is simple and should be understood first before playing.

To be able to use bitcoin I agree some sort of economic stability is needed. You need to pay the networks fees, have proper internet and have a device to access the network. This seems to be a natural hindrance to the acceptance of bitcoin in such countries.

I dont know if we have any members of these countries in our forum already.

For the poorer countries fiat is always the better and more available option. Hence it will be difficult to get around this problem and make them use bitcoin without giving incentives.

I make sure to convert some of the satoshis to giftcards in my local currency. They are out of the investment pool that I am owning. That way I can pay some bills with the gift cards and not have all my coins as sitting ducks.

Unfortunately there is a huge taxation on crypto to fiat conversion in my country so I have to take this route for now.

It is part of the system and I think this is a risk we have to bear for some time now. Maybe one day it will become easier to exchange coins but not now.

The problem with celebrities and politicians is that they say anything they want about bitcoin and that effect has to be borne by the market traders and investors. Politics is such that every other political news will make some sort of movement on speculative markets, bitcoin being one of them.

This should be ignored as far as possible. If the drop or rise happens, you should take your share of the discount or sell at profit respectively, but then dont give any importance to anybody talking about crypto.

Dont forget that bitcoin is decentralized and censorship resistant, but because of these reasons someone can say anything that they want to say about bitcoin and not face any problems.

Its my humble request to come to this section more often and be active here. We are trying our best to keep this section alive and kicking so that when crypto becomes big in India we will be some part of the front to give guidance to the newbies. We will need the older members like you.

Very soon the price of bitcoin will rise again and influx of newbies will happen.

I think everyone should learn English if not a local language. Moving to a new place is itself a daunting mental and physical exercise and then if your find yourself alienated due to language it puts additional burden on your head.

But I guess English is more prevalent among the middle to upper class citizens and not the common folk.

Nice wins but I doubt the machines had anything to do with it. You got lucky and you won.

Because the math behind the game is such random there is little chance that changing machines made you win. Its just that at that point of time you luck was in your favor.

Make sure you do something good with the money and not blow it all on another game.

Seems like an underground gambling den gone wrong?

It shows how risky such events are to organise for the organisers are always looking to make money from the game and they will try to include things that are beyond their control. Usually this leads to problem and sometimes the outcomes are in blood.

But I dont see how relevant this is to gambling. More of an organized crime.

Most people would think that winning the casino would mean winning the jackpot. But this should be followed by withdrawal of the said amount and not gambling that away.

For those who keep on gambling away their wins the casino is winning and not the player.

I still believe that thae actual winning from a casino is if one manages to stop playing completely.

Investment is a long term game, it is time consuming but there will be more steady returns if investes in the proper coins and not shitcoins. There are people who are investing for long term and making decent returns while having a stable daily income as well.

Trading in short term is always risky. But long-term trading is similar to investment. Like buying bitcoin when the price crashes and selling it at the all time high.

Anything from NK is malicious, I cant understand how the NK people who cant access the internet are accessing that site since it seems to be propagating news about NK, I guess the site is made to be viewed by non-NK people.

Either way, gambling bans dont work, in fact any sort of ban never works. Government if cunning enough will impose taxes on the casinos and not ban them - so the casino does not lose traffic and the government also raises funds.

If a country is strict, its people will be that effective in circumventing that strictness that other country people will fall short of skills. Similar analogy can be found in strict parents and their children.

Infinite money would cause the economy to collapse, but keeping that aside, I would play for fun only.

But then the games no different from any other game that we play and we will get bored very soon. The money involved in it, generates the thrill and fear and that is what makes us addicted to the game.

If you use a "cheat code" you lose interest in the playing the game.

Some people will not adhere to this approach. They would rather follow the ignorance is bliss attitude and then when they are going bankrupt they will have no place to go to.

Keeping track deters the bad habits from getting over and indeed is helpful for people who think they are losing it because of the gambling habits. Just seeing how much one person can save from not gambling is often enough to stop them from gambling anymore.

In the long term, it will help people to cut down their spending on gambling.