Re: What is your reason to gamble? Fun or profit?

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kodes88

my main purpose for the gamble is only profit but yet not a big profit Because I have not a better luck . And better idea to make gamble wisely .

If you gamble for profit, it’s big mistake. Well, think about it, if you think that someone can make profit from casinos, than why do they exist? Because to make you rich? No man, they are making great profit and that’s bad that some people thinks they can make profit from casino, if this would be like that than there won’t be any casino. If you win once, it doesn’t means that you can beat casino, maybe you won once but you will loose much in result, everyone has one luck.

No, im not agree for fun or profit, you will get same result in gambling. the only make both option have different in our mind is if you choose gambling for profit, you will carefully when gamble and if you choose for fun, you already enjoy so even though you are get lose in the first bet you will not stress and sometimes you can get back win in other bet.

But we cannot assure to ourselves that we really aftering for fun only in gambling site since im very sure that in every cents we lose the more stress we can get. But i think theirs only one way for us to relieve the stress when losses occur and that is by using some sites faucet to gamble on and im pretty sure that we will not be hurt by that since we only use some free tokens from them. But i truly doesn’t understand on why people thinks to get fun on gambling while that game is risky and have more stressful environment.

Its really normal for a human being to feel stress when we do lose money and we cant really avoid that feeling because people do really value money/bitcoin because they know they wont like to lose it even you do say you are just playing gambling just for entertainment.Faucets are good for trying out a site but dont expect too much on it to make good profits on that amount.

Yes true, in fact a lot of people who used to be rich to be “crazy” for being poor. It shows that when people lose what is considered very valuable, it could interfere with the emotions and intellect. It is not impossible if the gambler becomes stressed after losing a lot of money. It’s a natural thing.

South Park

I gamble for the entertainment. You can’t go in expecting to win.. If you do, you’re going to have many, many bad days. Not to mention the free perks that come along with the gambling are pretty sweet. I’ll take $50 and go to a casino and enjoy free drinks the whole time and by the time it’s all over with, if I lose, then i’m not down much considering the free drinks/food I got out of the deal. It’s not much loss when you factor in how much all of that would have costed me anyways

That’s true, you may say that you didn’t lose because of that, but, we can’t deny the fact that we lose time. If it is for entertainment, and want that kind of perk, we could go to food parks with eat all you can, or those events that offers unlimited beer, concerts with free, with that, we got a lot of entertainment and we meet new people. Not to mention that we got something free out of it.

I go for profit when I gamble, I am not aiming to lose, but to win.

I don’t think it is a waste of time if you are playing for fun, if you are paying for profits then you will be right since you will no only lose your money but you will also lose the time you invested in the casino in that particular session.

panganib999

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For me is for fun only because when you play gambling for profit you can loss ad be stress about that and if you do it for fun only you can enjoy the game and if you loss it is okay with you, so don’t gamble for profit make a gamble for fun only.

BlockEye

For me, playing gamble game not interest very much. But, if that gamble game not only about casino games, black jack, higher or lower but like adventure game, action game, etc then I’ll try it for fun. Cause that game not about lucky but about your skills.

That means also you want some profit right? It will also motivate you to play really great with the price on the line. And luck sometimes are needed in games, not just skills.

Not about profit, but that is about challenge or strain when playing the game. For some reason I think you true if in a game we need a luck

If you really just want challenge or strain on gambling and not for profit then why did you still gamble even though there are a lot of things beside gambling that offers great challenge and thrill without risking any money? Let’s just be honest, We are gambling because we are hoping that we will win huge amount in fast and easy way, Just admit it. We can have some fun when we won.

poplolnman

I consider both reason. I play it for fun and also for profit. But most of the time, running after money or profit through gambling brings a great negative effect actually. In fact, i faced much losses.

So if it is not for money, it cannot be not for fun. Because, once you have invested into this, you will be addicted to this.

But if the emotion can be controlled by fun instead of profit, there will be no risk of losing money i think as i have did it before.

I play for fun and I use my own money to do this. The meaning of playing for fun is actually you enjoy the game and you dont really play to be rich in a single night because of it. Sure , I do loves winning some money however the amount that I win is quite low therefore Im not really obsessed with being rich from it

you don’t have to always get a winning to having fun in gambling right? if you know well how to enjoy the game you would understand. it’s indeed addictive game , but as long as you stay on the limit lines i guess nothing to worry to become addicted gambler. just gamble and walk away with smile no matter what the result in the end of the game better than have to gamble like a mad to earn profit.

Other people are always thinking and threaten gambling that can be source of bitcoin that they don’t gambling are made only for entertainment.. if you can notice it in the first time you will be attracted because you are thinking that you can be win but the truth is hard to win.. that can gamble you back in the gambling . I realize people who are addicted and experience of regrets about their money since i am a gambler too who lose a lot before that i thought i can make a big money in gambling but i realize its not as place for making money its just for entertainment purposes..

yeah mostly those people who interested in gambling due they think it’s the easiest way to make money but they are forgot about the risk that they have to take. it’s worth indeed but a lot of case show that people can’t stick to the rules , they gamble crossed the limit and always looking for profit which it’s just lead them into a deep lost in the long run , if you didn’t realize early you could ruin your whole life.

(Why?)

Published at Thu, 23 Mar 2017 10:06:11 +0000

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By antwerpenR on 2013-10-10 14:55:00

April 1, 2017

Japan’s New Bitcoin Law Could Do More Damage Than NY BitLicense

According to IndieSquare Co-founder Koji Higashi, new regulations in Japan, which will make bitcoin an official form of payment (starting today April 1), may do more harm than good for the fledgling industry in the country.

Japan to Introduce Own ‘Bitlicense’

Following the disastrous demise of the infamous Japanese exchange, Mt. Gox and the arrest of its CEO Mark Karpelès, regulators in the country decided to introduce regulations for bitcoin.

The regulatory framework has been in the works for over two years. The first bill was submitted to the Diet in Japan (the legislature consisting of the Lower and the Upper Houses) last March, and the Payment Services Act and the Act on Preventing of Transfer of Criminal Proceeds were amended in May 2016. Now, new drafts for detailed regulations and guidelines have been approved.

The new law, which is now in place starting today (April 1), is meant to protect consumers and to help them distinguish safe, i.e. approved exchanges, from fraudulent operations.

The law also recognizes approved cryptocurrencies as a legal method of payment in Japan, preventing users from investing in so-called scam coins, fake digital assets, and IOU tokens.

Although praised by western and Japanese media alike, the new regulatory framework may pose serious problems for the Japanese bitcoin community, according to Koji Higashi, Co-Founder of IndieSquare and Community Director at the Counterparty Foundation.

In a blog post, Higashi outlines the major issues with what he calls “Japan’s Bitlicense” due to the similarities found between the two, saying:

I’d actually argue that this law may turn out to be more damaging to the Japanese industry in the long run than what Bitlicense has been to NY.

Why It Could Be Worse Than NY’s

The Bitlicense introduced in New York has been widely perceived by the community as damaging for bitcoin startups in the region due to the bureaucracy and high entry barriers for small startups. It resulted in several startups like ShapeShift and LocalBitcoins halting services for NY-based customers.

Now, Japan is doing the same, explains Higashi. “If you are not a fan of the excessive cost for legal and compliance fee for bitcoin startups, however, the new law in Japan is certainly not exciting news for you,” he notes.

Among others, the requirements involve the submission of a 3-year business plan, segregated fund management, KYC/AML requirements, segregated fund management, frequent reporting to authority, and external audits.

Some experts estimate that the costs involved with becoming a compliant exchange could be as high as $300,000-$500,000 USD. Moreover, additional fees and paperwork will also apply to companies beyond trading platforms and will affect P2P decentralized exchanges as well.

Higashi:

It’s hard to say whether the regulation in Japan is more costly than the Bitlicense but I can say it’s expensive enough to put serious financial pressure on startups and may force them to go out of business completely in some cases.

Another issue with the new regulatory framework is that it will require virtual currencies to be accepted into an official list of approved coins. Although this system may protect users from being scammed out of their savings, it may end up damaging the reputation of coins that don’t make it to the list, which will most likely be a conservative one at best.

bitcoin in Japan

The new regulations may affect bitcoin startups negatively but are also likely to push adoption forward and to create a sense of trust for new users in the virtual currency space. Japan is the fastest growing country in the bitcoin market. For example, trading volume in Japan has recently surpassed that of China and the U.S.

The country is experiencing growing interest in bitcoin from users, investors, and merchants. Blockchain is also a technological focus point both for companies and the government. The Japanese community is also one of the biggest investors in crypto-related crowdfunding campaigns and Initial Coin Offerings, according to Higashi.

[Note: This article was originally published on February 9, 2017. It has been updated as today (April 1) is the first day Japan’s new cryptocurrency law comes into effect.]

Will the new regulations drive companies away from Japan? Or will it usher a new age for cryptocurrency adoption in the country?

Images courtesy of CryptoCompare, Shutterstock, Counterparty.io

The post Japan’s New Bitcoin Law Could Do More Damage Than NY BitLicense appeared first on Bitcoinist.com.

Re: What is your reason to gamble? Fun or profit?

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