Hello guys
When I wanted to withdraw about $8000 today from my binance account, which has been approved since 2017, the system warned me as,
"Withdrawals have been temporarily disabled due to risk control."
In the decentralized blockchain system, the Binance exchange disabled the account randomly and for no reason, it once again demonstrated the necessity of trading on decentralized exchanges in Blockhain technology. Now "open ticket, wait for an answer" for no reason, whenever they answer anymore. I think that everyone expected this to happen, sooner or later. There was no way that Binance would allow users to withdraw up to 2BTC per day without verification and limits. They're likely feeling even more pressure from regulators to be much stricter with their KYC-AML with prices going up to historical levels. Expect even stricter rules to come our way. It is very likely that Binance will follow in the footsteps of Bittrex/Poloniex which both got rid of anonymous accounts. Have you contacted their support? What did they say? Is it a temporary restriction or are you required to verify yourself now? |
|
|
|
|
If you were going to take profits, make sure it's towards a good cause.
Don't just let your funds sit idle in a bank account earning <1% interest. Either make it go toward some entrepreneurial activity that you pursue, or toward some emergency that you can't fund from other sources.
The reason is simple - with the extent of BTC price fluctuations, you never know when or if you would be able to get back into the market if you are a long term holder. Don't just cash out your position because you feel like BTC is topping out - timing the market is almost always impossible.
|
|
|
|
|
One rule is missing: Don't feel like just because you know a game/market really well, that you're guaranteed to make a profit on it over the long haul.
The betting markets have arrived at these odds for a reason and have likely accounted for all the probabilities using currently available information (that you could possibly be oblivious to). To try to beat the wisdom of the crowd over the long run is a seriously difficult task.
Unless you're a professional tipster with a proven track record, just have fun. Your expected value on a game you know extremely well compared to one that you don't know at all is very similar.
|
|
|
|
Hey guys, what do yout think about a new game, which involves both luck and skill like poker? Is there already such an alternative on the market? The problem with poker is that it is already solved by algorithms. Sure, there are still some players, but not as much as in the old glory times... Edit: I'm just regarding games that you can play PvP and not against a house-edge-casino..  AFAIK there has only been an increasing amount of poker players. Not sure what you are talking about. In terms of both luck and skill, you can also try video poker. Some variants of video poker actually have the house at a disadvantage which means that if you play the perfect strategy you are going to make money over the long run. Blackjack AP also requires a ton of skill and could yield you profits over the long term if you do it right. But to profit from all these games you need to have an algorithm to play by, much like poker. Everyone has access to it but executing it takes years of practice. |
|
|
|
|
I do wonder if they will be actually offering a spot exchange (with full deposit/withdrawal functionality), or simply a derivatives exchange platform.
If the latter, which is very likely, they'll probably structure it as a gambling game like secondstrade did a while back. Binary options, given the short expiry timeframe, are essentially the same as random number generators. There will be no strategy that can beat it in the long run, and the odds are notoriously bad for the gambler.
It's also very prone to manipulation and fraud from the casino's end. Wouldn't play it if it was offered tbh.
|
|
|
|
|
Good guide, but for anyone who is playing with hundreds of thousands of dollars or more you should probably speak to your tax accountant.
For most jurisdictions AFAIK though the tax that is going to be incurred will be CGT that you accrue.
Perhaps when you deposited, BTC was one price, and when you cashed out to fiat, BTC had risen. In that case, even though there is no gambling tax per se on your winnings, the fluctuations of BTC must be accounted for and likely reported to your local tax agency.
Be very careful out there. I reckon we'll see a mass crackdown on taxable crypto transactions in the coming years given the size of this year's bull market.
|
|
|
|
It does make sense, but not in the way that Yellen envisions it.
It is the US and other advanced economies who needs to lower their corporate tax rates in order to converge with the rest of the world. Their cost of doing business is simply too high for any major startups to launch there. Unfortunately the pool of talent in the U.S. means that they can get away with charging these high corporate tax rates, but I suspect not for long until major firms start moving offshore too (already happened with a bunch of them).
Instead of blaming the competition, how about reflecting internally for once and adjusting your policy accordingly?
Completely agreed. Janet Yellen seems to have lost her mental balance and that may be the reason why she is making such absurd statements. Take this - the American government increases the corporate tax in their jurisdiction from 21% to 28% and then orders the other countries to do the same. What do they think they are? The days of colonialism are over, and the other countries don't need to listen to deranged people like Yellen. If the regime is worried that more and more companies may move abroad due to high taxes, then they need to decrease them. On the other hand they have gone for a tax increase when the companies are getting whacked by the pandemic and the biggest tax evader (Jeff Bezos) is supporting the move. Yup. We don't live in la-la land. From a pragmatic standpoint anyway, does Yellen really think that jawboning alone would work on foreign countries in which affording TNCs an attractive tax rate is the only source of government income? Be realistic here. If talent and capital retention is the name of the game, then the U.S. Treasury and Fed have to do something proactively. Jawboning and asking other is neither morally right nor practically doable. |
|
|
|
|
Use LTC, Doge, and other alts to fund your account. That's currently the only way.
If you insist on using ETH/BTC then the only way you can save on fees is by putting in a low tx fee/byte and waiting for confirmations.
From experience, this honestly shouldn't take too long - around a 20 sat/byte fee will get you a confirmation within half a day or on the BTC chain provided that you use native Segwit. Send the transaction by RBF just in case.
|
|
|
|
I have never seen a reputed gambling site to allow gambling with stablecoin like USDT (trc20). Even very few sites have stablecoin. Sportsbet.io allows USDT but that's ERC20, which requires very high fee ATM. I have been playing with USDT (ERC20) though. Why on the earth it’s not a preferred method to the gambling sites, any logical explanation?
I suspect that there are some sort of legislative repercussion associated with using a stablecoin. A lot of casinos may use the legal loophole that BTC/other cryptos are not formally recognised as currency in the jurisdiction they incorporate in. Even with coins like USDT, this is no longer the case. Clearly it is backed by USD (supposedly, at least), and their legal arguments become a lot weaker. Moreover, the adoption in other variants of stablecoins other than the ERC20 version of USDT is simply too little to make it feasible for casinos to accept. |
|
|
|
I think we're reaching the peak soon. So I was wondering, how much do you think we could get down to?
Any chance of bitcoin going below 10,000 USD? I really doubt it. I'm thinking maybe it might go below 20k but that's a maybe and only if bitcoin only goes up to maybe 80 at the peak of this bull market here soon. I know a lot of people think bitcoin will go to 300,000 or even a million but I really doubt that. I can see 80,000 and 100k for maybe a week or so but hopefully I'm wrong. I'm gonna buy more bitcoin here soon and grit my teeth if we start going down sooner than later. I'm saving a bit of cash, only half of what I'd normally spend, to buy during the bear market when it's doom and gloom and people thinking bitcoin is over or "when it comes out... ZERO" Idk if anyone gets that reference lol but yeah.
What do you guys think?
I really highly doubt that we're going to see 4 digit BTC again. People now fully appreciate that BTC indeed operate in 4 year cycles - whereby the peaks at halvings almost always outdoes the last halving, and there is a period of relative calm in between the bull markets. With the market a lot more mature and institutional bagholders rolling in, I wouldn't be surprised if this "bear market" turns out to be just extremely small blip in the bigger long term picture. Keep DCA'ing now, don't try to wait for the bearish sentiment as it may never come. |
|
|
|
|
It does make sense, but not in the way that Yellen envisions it.
It is the US and other advanced economies who needs to lower their corporate tax rates in order to converge with the rest of the world. Their cost of doing business is simply too high for any major startups to launch there. Unfortunately the pool of talent in the U.S. means that they can get away with charging these high corporate tax rates, but I suspect not for long until major firms start moving offshore too (already happened with a bunch of them).
Instead of blaming the competition, how about reflecting internally for once and adjusting your policy accordingly?
|
|
|
|
STEX exchange decide to close down my account simply because I haven't trade on there for months, this is bad service IMO, I created binance account since 2018 with zero trade and today I'm now trading on the exchange, staying away from exchange doesn't mean you ain't coming back, I've never heard about this before, is here any other exchanges that choose this lame strategy too?
Definitely a crappy policy imho. Why would you willingly let go of customers like that, unless you had malicious intentions to begin with? Does it really cost that much to host a 1mb data file that contains customer information? If they did appropriate your balances and confiscated your funds, that is blatant theft imo. The funds are yours legally and morally - they have no right to it just because you haven't accessed your account or decided to make a trade for a few months. |
|
|
|
|
Timing-wise, I think that we've still got ways to go before the bull market is remotely close to ending.
Alts pumping hard simply illustrates the amount of FOMO that still exists in the cryptosphere in general, and I don't think that it is fair to attribute the end of the bull market to that particular indicator. The hype is honestly warranted to a certain extent with the amount of institutional interest in ETH.
I'd say that until we see a major resistance that is unable to be breached (I expect perhaps $100k), the bullish uptrend will continue to go strong.
|
|
|
|
Which other bookies have a cashout option and support btc?
Stake is absolutely useless, their live betting schedule is a joke and the numbers they offer as well.
Open for suggestions.
Go with sportsbet.io. Its reputation honestly isn't that bad. Trustpilot is the worst gauge of reputation that you can possibly use. Or, you can simply hedge your bet if the game that you watch has live in-game betting. If you bet on outcome A then simply bet a proportional amount on all the other outcomes so that you are covered regardless of what transpires. This strategy achieves the same effect as cashing out and sometimes could even give you better prices - worth a shot if you deem sportsbet.io to be unreputable and can't find any other alternatives. |
|
|
|
|
Not entirely sure. Probably just speculation.
People simply don't realise that the way XRP is structured means that it is completely centralised. And with that lawsuit now in the way, their competitive advantage over other cryptos is essentially all gone.
The one thing that you should always note about crypto markets is that it is almost never rational. Just take a look at how DOGE is performing despite having virtually no real world usage cases.
|
|
|
|
|
It's really no surprise.
Almost all things digital benefited from the pandemic, especially entertainment-related businesses.
I wouldn't be surprised if betting volumes increased a few-fold over the pandemic. Major sports leagues all reopened at really opportune times which meant that almost no turnover was lost at the start of the pandemic. Bet365's strong sports streaming services would have definitely been aided by the fact that people could no longer attend physical games, which entices further consumption of their betting services.
|
|
|
|
|
Honestly, it's a bit of a legislative gimmick.
Casinos can put self-exclusion in place but actually troubled gamblers would either never take the option or take the option and come back with a different account - especially with the advent of crypto and crypto-based casinos, creating alts on the same platform has become all the easier given that you never need to verify yourself.
It sounds great on paper, but in practice, a 10 year old can figure out that this is not the answer.
|
|
|
|
|
I agree with the idea but not really the reasoning behind it.
Most people accumulate wealth through doing something productive. BTC is designed to be a mere store of value. Sure, you can hedge your positions in fiat assets with BTC, but that will only preserve value as opposed to create any.
No one has ever gotten poor from owning gold, but no one has gotten filthy rich either.
Speculating in the crypto markets simply won't make you rich either in the long run. The markets are totally unpredictable and trying to generate stable returns is futile.
|
|
|
|
I'm having another go at clearing my garages, and I'm thinking of listing some items on Ebay. However, it looks as if they have become more restrictive in their listing policy. Some years ago, PreyPal itself attempted to scam me, so I don't want to allow that method. I prefer Bitcoin,but would accept cash or bank transfer. Does anyone know if this policy will make Ebay unusable for me?
Pretty much. AFAIK they are just as strict (if not more strict) with using any sort of alternative payment method other than PP/credit card through their platform. Be prepared to accept PP or just give up using ebay. These are essentially your only two choices. If you really want BTC, then perhaps try selling on the goods subforum of Bitcointalk. TBZ and others use it quite regularly to list random items of interest. |
|
|
|
|
It's really no surprise given the fact that Stake was launched way later than Bet365, and Bet365 is just a more established company and can afford to invest in a ton of network infrastructure.
But I am really impressed with Stake, honestly. Given the fact that it is a purely crypto casino that spawned out of a dice site, it is doing awfully well in terms of converging with the industry norm when it comes to adding features.
If only more services in the crypto world can get closer to the quality delivered by their fiat counterparts... That would be the ultimate catalyst for mass adoption.
|
|
|
|
|
Show Posts
