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Showing 20 of 47 results by eddie.gouws
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Board Gambling discussion
Re: Advice when you are going a bit far in gaming and betting
by
eddie.gouws
on 22/11/2023, 14:12:57 UTC
Completely agree there should always be a safety limit and all players should stop when they start losing money they can't lose. The problem I faced a lot of times was with the self-exclusion and harsh regulatory restrictions. The way I found to in order to bypass that is the https://www.bookiesnotongamstop.com/how-to-remove-betblocker/. I can't stress enough the safe gambling habits and a healthy approach to gambling.
 
it should also reasonable in setting a budget that is not huge you should not using percentage on it you should set like $50 and you family should aware on it so that they can check on you time to time . If in physical casino you should only bring cash and not card and just enough money for your budget for playing. Above all it is really best to have self discipline on your self so that no matter how much your budget is you cant still loss it all
Agreed , we must allocate a certain amount in every gambling gaming
as in this we will prevent from losing more because the more we lose is the more we are chasing that amount.
so if we will have specific fund , then we have no option to chase that losses.
good advise mate and very reasonable to follow , but the problem is can we truly do that?it is an easy said than done lol.
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Board Service Discussion
Re: Can I buy bitcoins from anywhere without crazy ID verification?
by
eddie.gouws
on 16/05/2023, 07:16:23 UTC
In the world of online transactions and digital currencies, the concept of anonymity plays a significant role. One of the intriguing aspects of Bitcoin, the pioneering cryptocurrency, is its potential for anonymous transactions. Bitcoin allows individuals to transfer funds without revealing their personal identities, adding a layer of privacy and discretion. Moreover, the absence of ID verification in Bitcoin transactions further enhances this anonymous nature. Without the need for personal identification, users can send and receive Bitcoin without their real-world identities being directly associated with their transactions. This feature has gained popularity among individuals seeking to protect their privacy, as well as those engaged in activities that may benefit from the anonymity provided by Bitcoin. Nonetheless, it is essential to note that while Bitcoin offers a degree of pseudonymity, it is not entirely anonymous, as blockchain analysis and other techniques can sometimes be employed to link transactions to real-world identities. And due to the fact that I see a lot of gambling and betting going around in your profiles I can recommend this NonGamstopSites that do not require ID verification for transactionshttps://www.nongamstopsites.bet/betting-sites-no-id-verification/. I mainly use them as a source of finding new betting sites without getting scammed.
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Board Bitcoin Discussion
Re: When to sell bitcoin before the next bear market starts?
by
eddie.gouws
on 09/02/2023, 08:44:41 UTC
When it comes to selling your Bitcoin before the next bear market starts, there are a few key steps you should take. First, determine what your goals are for trading and invest in Bitcoin. Do you want to hold onto short-term gains or use them as a long-term investment? These considerations will all affect when is the best time for you to sell.

Second, study trends and patterns in the cryptocurrency market carefully, including volume, history of prices dips/peaks, past bear markets and other factors that could influence when you should sell. Keeping an eye on news about developments in the blockchain industry can also help inform your decision about whether now is a good time for selling off your digital assets.

Thirdly consider alternative ways of mitigating risk from volatility such as hedging with options contracts or other derivatives products. This can be an effective strategy if used correctly as it allows investors to buy protection against losses at certain points while still keeping their crypto position intact so they can potentially benefit from any rises in coin prices too.

Remember too that timing isn’t everything - understanding market dynamics is more important than trying to predict when each individual sale will occur: timing needs to happen right but it won’t guarantee success; careful research into different coins before investing and caution during periods of rising/falling prices will help give you better chances of avoiding serious losses during a bear market period.
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Board Speculation
Re: Can I invest my 60% savings in Bitcoin?
by
eddie.gouws
on 07/02/2023, 16:31:11 UTC
There is no single right answer to this question, as it depends on your own situation and goals when it comes to investing. However, if you are considering investing 50% of your savings in Bitcoin, here are a few things to consider before making the decision.

First off, Bitcoin is a digital currency, with fluctuating values that are not backed by any central government or organizations. It may be attractive for its potential for capital gains in the long-term, however investors should exercise caution when dealing with cryptocurrency - particularly if they plan to invest a large portion of their savings into it. Bitcoin can be volatile at times due to its unregulated nature and there have been significant losses reported over the years from people investing heavily in the currency without fully understanding all of the risk factors involved.

It’s important to use financial savvy and do proper research before committing your hard-earned money into such an investment option like bitcoin. One way many people assess whether bitcoin is worth investing in or not is by researching long-term trends of past price performance against other investments such as stocks or gold metals The upward trend suggests that some believe the currency will increase in value over time; however this isn't necessarily guaranteed so again extreme caution should be taken when weighing up what percentage of your assets should be used on Bitcoin investments.

Ultimately whether or not you decide to invest 50% of your savings into bitcoin will depend largely upon how much risk aversion you have - meaning how comfortable you feel taking risks with highly speculative/unstable assets where gains come purely from future market value appreciation rather than dividend income derived from an underlying asset class exchange listed securities etc. There can also often be extended downtimes caused by market forces like security threats which could lead uninsured customers suffering major losses if they haven't adequately protected themselves beforehand via insurance contracts hedging strategies etc.. Ultimately it's best practice for individuals looking into crypto investments like bitcoins (or anything similar) understand all their risks associated before committing large portions their hard earned money towards them....so take care!
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Board Trading Discussion
Re: Bitcoin trading or Investing in the stock market
by
eddie.gouws
on 02/02/2023, 09:21:13 UTC
I prefer investing since I believe that can easily be proven quite common currency in the future. Trading is for the traders that want to make money either way. I want to have a non centralize digital currency so by investing I am supporting it.
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Board Bitcoin Discussion
Re: My dream has become a reality
by
eddie.gouws
on 01/02/2023, 08:27:54 UTC
Good job. May bitcoin acceptance favor you business and bring more customers. I hope bitcoin is more popular where you are residing.
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Board Bitcoin Discussion
Re: My greatest fear about Bitcoin Halving.
by
eddie.gouws
on 31/01/2023, 08:56:06 UTC
The Bitcoin halving is an event that occurs roughly every four years and reduces the rate at which new bitcoins are created by 50%. This is a crucial moment for the cryptocurrency as it has a big impact on the perceived scarcity and thus, potential price of bitcoin.

The dangers associated with the halving of Bitcoin include volatility in prices due to decreased liquidity. When fewer coins are released into circulation, this could cause a sudden rise in prices as demand increases faster than supply, or vice versa if there is too much market selloff. The decrease in miner rewards could lead to miners shutting down their business, leading to a less secure network with lowered hashrate. Additionally, miners could switch over to other more profitable coins such as Ethereum or Zcash instead of continuing mining Bitcoin.

However, there can also be many opportunities associated with bitcoin halving such as increased demand from investors expecting higher returns due to reduced supply causing eventual ascend in prices. There have been two previous halvings so far: one back in 2012 and another during 2016 - both resulting in massive price ascends post-halving period within 12 months after each event respectively (from $11 per BTC all the way up to $20k). As mining difficulty adjusts itself according to hashrate of computational power available on blockchain network – we may experience even lesser number holders joining forces seeking monopoly on resources control– which may result again into further climb up of BTC prices afterwards eventually replacing some industrial fiat means fulfilling certain roles similar but digital form enabled way nowdays – empowered by technology advancements created around digital ledger blockchains & distributed computing systems ultimately bringing banking like services & assets trading into entirely different level enabling affordable micro transactions options globally unprecedented yet fintech sophisticatedly mastered fashion wise style all together sustaining innovative projects proposals & investments dealings quite easily within few clicks nowadays already confirming huge potential possibility hiding behind this technology’s secret for sure!   Overall, these times present both risks and opportunities for those interested in participating or invested somewhat already - depending upon individual risk appetite levels set very important decision making process will determine either success guarantee status achieved or failure devastating outcome experienced road accordingly when it comes onto game called “Bitcoin Halving” indeed!.
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Board Bitcoin Discussion
Re: A better step to promote bitcoins.
by
eddie.gouws
on 27/01/2023, 09:01:51 UTC
The best step to promote is to use not to invest and to trade on it all those things are good but the crucial thing to to do is to create a decentralized currency that is free and non governed by anyone we may be quite a way from such a thing. BUT if we use bitcoin for our transaction then there is no better way for a stable bitcoin and soon mainstream. Have in mind that bitcoin at the moment is popular and not mainstream with less than 2% of the word owning it.
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Board Bitcoin Discussion
Re: Why has bitcoin adoption failed in El Salvador?
by
eddie.gouws
on 20/01/2023, 08:14:44 UTC


Just like maybe most of us here, I did celebrate when it was announced that El Salvador is going to recognized Bitcoin not just another form of money but as its legal tender...wow that news send good amount of positive vibes all over the crypto world. I was then expecting that people would love to taste the freedom they can enjoy with Bitcoin and that a critical number of people would be using Bitcoin everyday even as to buy a toothpaste or a soda in a nearby convenience store. So what happened then with that assumptions? Is there now a big failure after 7 months of opening the gates for Bitcoin in this small country...or have we looked at things in a very myopic way of view? Hate to say that whatever outcomes in El Salvador would have a far-reaching repercussions in the general adoption of Bitcoin especially with many countries who can be modeling their decisions here in El Salvador. Anyway, we can all magnify what happened or we can just shrug them off as non-important to Bitcoin.

Bitcoin adoption has failed to take off within the nation of El Salvador because its regulatory framework is largely unfavorable towards cryptocurrencies. At this time, there are no regulations in place that recognize cryptocurrency as legal tender or deal with taxation and licensing of businesses related to Bitcoin. In addition, due to the lack of protection through financial regulators like the Central Bank or Securities Commission, El Salvador’s citizens are reluctant to invest in digital currencies which present many risks including fraud and volatility.

Furthermore, recent political events that have taken place in El Salvador has made it harder for people living there to access banking outside of the country and make international payments. Bitcoin holders rely on exchanges like those located inside El Salvador for trading but without a proper framework in place transactions done through local marketplaces pose significant security risks. Finally, since most crypto transactions occur online it can be difficult for users from El Salvador who may not have reliable internet access or devices capable of securely recording and storing their details regarding transactions.

Until such time as measures designed to regulate cryptocurrency usage within the country become law Bitcoin adoption will remain limited within El salvador’s borders despite its potential advantages over traditional financial systems present worldwide currently.
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Board Bitcoin Discussion
Re: It is ok to sell your Bitcoin.
by
eddie.gouws
on 17/01/2023, 08:02:29 UTC
The answer to this question depends on a number of factors that need to be considered before deciding whether selling your bitcoins in 2023 is the right choice for you.

Firstly, it’s important to consider the bitcoin market at that point in time. In 2023, the crypto market will likely have gained more traction and stability as its usage becomes more commonplace and accepted. As such, there is potential for prices to rise significantly by then due to increased demand and greater understanding of cryptocurrencies. On the other hand, some investors may wish to take profits earlier rather than waiting until 2023 - especially if their expected return hasn't yet been achieved after several years. Moreover, just like any other investment or currency exchange rates, one must also be aware that the value of bitcoins can decline drastically over time as well and could eventually become obsolete depending on future developments with alternative technologies or financial solutions.

Secondly, you should factor in your own personal goals with investing in bitcoins. Are you aiming to enjoy short-term gains by trading? Do you want long-term investments until retirement? Depending on how much risk are you willing to take within each option; how much money do you plan on making; what is your timeframe for when these profits would come through etc., all play an important role when determining whether it would be profitable for you or not sell your bitcoins in 2023 or not.

Overall, it ultimately comes down to weighing up all considerations carefully before deciding whether selling your bitcoins at a particular date (such as 2023)--or at any point--is suitable for yourself personally . Doing some research into cryptocurrency markets will give further insights into potential swings so decisions can then made with more confidence than if left solely based upon speculation alone
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Board Bitcoin Discussion
Re: Bitcoin as a trend over other cryptocurrency.
by
eddie.gouws
on 13/01/2023, 07:56:58 UTC
Bitcoin generally when it trends or whenever goes up its lift all other cryptos alongside him. So a good bitcoin projection means a good crypto market.
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Board Bitcoin Discussion
Re: How profitable it is possible to invest in bitcoins in the new year 2023.
by
eddie.gouws
on 12/01/2023, 07:26:47 UTC
I am interested in investing but I don't have that much experience in investing and am not able to gain good knowledge by doing research. I saw the Bitcoin market was very dumping in late 2022. But now in 2023 the market is increasing again little by little. I am very interested to invest right now if I get the help of a good investor then I will invest in this market. I am looking for a good experienced person advice for bitcoin investment. So that I can profit from investing Bitcoin wealth in 2023. Can't get much idea about the market. How should I start investing right now, should I start with a small amount of money or should I start with a lot of money? Those who have good knowledge about investment will definitely help me in this regard.
Graph of the Bitcoin market right now.

The investment potential of Bitcoin in 2023 is hard to predict, as there are many factors that will affect its success. To best answer this question, it's important to understand the state of the market heading into 2023 and how those changes might create opportunities or challenges.

First off, it's worth noting that Bitcoin has been wildly volatile over its lifetime thus far. Prices can quickly change based on news or events that occur around the world. Additionally, understanding the concept of halving is essential for investing in Bitcoin since halvings directly affect supply and prices can rise accordingly when a supply decrease occurs. The next halving event is estimated to take place in May 2024, but should still have an effect on prices leading up to then (especially if more investors continue entering the market).

In terms of predicting price action over the next few years leading up to 2023 however, we don't have a crystal ball but what we do know is that experts are fairly confident about Bitcoin continuing its upwards trend throughout 2021 and early 2022 before possibly tapering off slightly once we approach mid-2022 - all based on current projections regarding capital inflows into both institutional investors & retail traders alike. So while there's no guarantee that these predictions will bear out in reality by 2023 or even beyond then at this point due to unknown factors affecting demand/supply dynamics over time which could send BTC prices soaring/crashing unpredictably along with other markets fluctuations etc., they're useful guidelines nonetheless when considering whether investing now would be lucrative or not come later down the line some years from here onwards onward if certain conditions remain constant (or enough so). 

In conclusion, given all these elements taken together it appears likely that profitable investments can indeed be made with Bitcoins by 2023 especially so long as proper risk management protocols are employed alongside market analysis & research prior + during any session(s) eyeing gainful returns too!
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Board Bitcoin Discussion
Re: Are there truly crypto whales and what are your takes on them?
by
eddie.gouws
on 11/01/2023, 08:31:58 UTC
One of the best known today is the Grayscale Bitcoin Trust fund. The fund currently holds around 330,000 BTC, which is 1.7 percent of all BTC in circulation. Satoshi Nakamoto is thought to have an apparent ownership of 1 million Bitcoins, and some of the users who bought bitcoins when bitcoin was first launched could also be among these whales. so yes, of course there are whales, but these accounts could also belong to a centralized system that holds people's bitcoins.

Grayscale is not an individual but rather institutional investors that holds and manage all the assets invested to them by their customer. I agree that the only known individual that possessed huge amount of Bitcoin and true whale is Satoshi but there’s a lot of Bitcoin whale investors investors that privately stored there coins in there wallet like Elon Musk, Cz and other big person in crypto that too obvious that has the capacity to own huge chunk of Bitcoin without the need to prove by themselves.


My questions
~Are there private individuals who own and posses such amount of Bitcoin?
~Why will one posses such amount as an Individual?
~Are there any consequences to this?

1.) Yes they are but as the word private itself is self explanatory that we will have a hard time to track them 1 by 1.

2.)Why not if he/she truly believes on Bitcoin?

Isn't having huge amounts of bitcoion similar to manipulating the market. I am not talking about binance. But if an individual has lets say about 40 percent of the total bitcoins and do not uses them while other people do. Then the market price will go up. When he start liguidation the price will again drop as the market will self correct. Agree?

3.) What kind of consequences you are pertaining? Because only the price volatility is the only downside of Bitcoin which will be negligible in the long run if you just hodl.
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Topic
Board Bitcoin Discussion
Re: 2024 Bitcoin Halving - What are Your Expectations!!!
by
eddie.gouws
on 10/01/2023, 08:53:52 UTC
The 6 digits may be there ok. But if we are treating bitcoin as a chance to just get rich what is the point of it all? Due to bitcoins nature 6 digits are possible but not if we buy and sell simply to buy and sell we should use bitcoin as we do dollars and Euros if we treating it as a market then at some time will collapse.
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Topic
Board Bitcoin Discussion
Re: How profitable it is possible to invest in bitcoins in the new year 2023.
by
eddie.gouws
on 09/01/2023, 07:49:17 UTC
Investing in bitcoins can be a very profitable endeavor if done correctly. In order to maximize your chances of success and minimize the risks, there are certain steps you should take when considering investing in bitcoin for the new year 2023.

First of all, thoroughly research everything involved with investing in bitcoin. Bitcoin is still a relatively young asset class and there is significant risk associated with it. Make sure you have a working understanding of the technology, economics, regulations and other important factors surrounding this asset class before diving into an investment strategy. Speak with experts in the field who can provide personal advice tailored to your individual needs and goals as well as identify any potential pitfalls that may arise along the way.

Second, carefully consider which type of bitcoin investment best suits your appetite for risk as well as financial resources available at your disposal. You could choose to buy bitcoin directly through an exchange or even engage in speculation by trading futures contracts or other derivatives designed to take advantage of its price movements over time (derivative products such as options and leveraged traded funds may also be considered). Setting up regular purchases through algorithms (also known as 'dollar-cost averaging') is another viable option for those wishing to reduce their overall exposure to risk by spreading out their buying decisions across different times during the year instead of only once or twice per annum like most investors tend do.

Thirdly, diversify! Do not put all eggs into one basket! If possible make investments into both fiat currencies such USD/EUR/GBP etc., stocks/bonds/commodities alongside cryptocurrencies so that you have some form of protection against losses that may happen due to volatility present within markets today which could potentially substantially decrease one's wealth overnight so having options outside crypto gives better flexibility more desired optionality overall..

 Finally have realistic expectations about returns on investment from bitcoins; many traders tend overestimate expected reward from past successes leading them astray from correct path towards profitability.. It’s important understand no how volatile market conditions can be what implications will this bear long term terms especially given current political landscape around world.. Monitor news reports relevant crypto space regularly gain insights regulatory dynamics tensions between countries various industries using currency making more informed decisions come tax season too since governments now treat cryptocurrency differently than they used prior years thus requiring people who own digital assets prepare accordingly taxes accordingly avoid running any legal troubles future down line!.

Overall investing in bitcoins new year 2023 lets us capitalize upon opportunities arising frontier while managing risk properly individuals follow these steps thus allowing them realize maximum returns rightfully deserved gains made
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Board Bitcoin Discussion
Re: Should your wife or husband know your seed phrase?
by
eddie.gouws
on 05/01/2023, 07:49:15 UTC
I don't think so no. Apart form them being able to steal them there is the quite easy possibility of them losing it or being stolen for them
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Board Bitcoin Discussion
Re: Bitcoin payment laundering in order to avoid taxation
by
eddie.gouws
on 04/01/2023, 07:19:35 UTC
Thank you all for your answers they helped me a lot
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Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Will it be profitable for the business?
by
eddie.gouws
on 03/01/2023, 08:06:54 UTC
⭐ Merited by JayJuanGee (1)
Suppose I am doing business through an online Facebook page and website and want to accept Bitcoin. But now if I look at cryptocurrencies it comes with high volatility, and I have doubts whether accepting Bitcoin will be profitable for my business.
I really want to know your opinion on this and what are the initial steps I should take if I adopt cryptocurrency for my business? Because I see many people on the forum are taking steps to accept Bitcoin for businesses and that's why these questions araised in my mind.
For many businesses, the idea of accepting bitcoin as payment is becoming more and more appealing. Accepting cryptocurrency comes with a number of potential benefits that can have a positive impact on profitability.

One benefit of accepting bitcoin for payments is the reduction in transaction fees. Paying with traditional methods like credit cards often come with high processing fees which can eat into your profits. On the other hand, using bitcoin for transactions generally means significantly lower transaction costs. These cost savings are often transferred directly to your bottom line giving you an extra boost in profit margin when compared to traditional payment methods.

Another benefit to accept bitcoin as payment relates to security and fraud prevention measures that come along with it. When you process payments through conventional methods, it’s easy for hackers and thieves to take advantage of vulnerable points in the system and cause serious damage to your business's reputation or financial position by stealing customer information or money from accounts.. By contrast, due to its robust cryptographic protocols, bitcoin provides a far greater level of protection against malicious actors than conventional banking systems do.

Finally, one major benefit associated with bitcoin acceptance is increased access to customers worldwide who may not have access or be able to use traditional forms of currency due sanctions placed against their countries by other nations or organizations such as banks being unwillingto process transfers from certain regions due reputational risk considerations . This opens up new markets for business owners interested in tapping into international sales potential but may otherwise have been prevented from doing so without cryptocurrency options available . In addition , this could also help reduce losses that might occur during currency exchange fluctuations .

Overall , embracing cryptocurrencies offers multiple advantages over traditional forms of payment making it highly profitable option for businesses looking expand their customer base globally while keeping costs down on transactions fees and preventing fraud at same time .
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Board Bitcoin Discussion
Re: Bitcoin payment laundering in order to avoid taxation
by
eddie.gouws
on 30/12/2022, 07:47:12 UTC
Hello I have started accepting payments with bitcoin due to its anonym state. Should I state them at my taxes as payments? Should I just spend them as a bitcoin on groceries and under 1,000 payments? Also, is it worth it to take them in cash using a crypto atm? What is my best option to not get this money tracked and taxed?

It is interesting that the cryptos are about and based on anonymity but most say to declare payments and be transparent. Thank you guys a lot I think I lean more towards the clear and transparent option.
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Board Bitcoin Discussion
Topic OP
Bitcoin payment laundering in order to avoid taxation
by
eddie.gouws
on 29/12/2022, 08:51:49 UTC
Hello I have started accepting payments with bitcoin due to its anonym state. Should I state them at my taxes as payments? Should I just spend them as a bitcoin on groceries and under 1,000 payments? Also, is it worth it to take them in cash using a crypto atm? What is my best option to not get this money tracked and taxed?