you all know about market cap and total money invest in crypto market, marketcap is determined by total value of all coins combined in current time is called marketman*marketcap total money invested in market is determined by I don't know, if you know please tell me. I was searched on google just for fun what is total money invested in crypto but it was highlighting just market cap for that search result, as here shown: https://ibb.co/7RNfFXgis it possible to determine the total money invested in crypto market, or i am wrong with this thread. The total money invested in the crypto market can be measured only if you gather accurate and verified data about all the fiat-to-Bitcoin and fiat-to-altcoin purchases, that were made around the world in the last 10 years. Good luck trying to gather such data.  Maybe we could get a number that's close to the truth, if we divide the crypto market cap to a certain coefficient. I know that the total money in circulation in a economy can be found by diving the GDP to a particular number(I forgot the number). Let's say the crypto market cap is 550 billion USD. Divide that number by 20 and you'll get the total money invested in crypto. The problem is finding the exact coefficient, which can be used for this equation. |
|
|
|
The global economy isn't collapsing. It's heading towards a recession. A recession is a normal part of the economic cycle. The capitalist economy can't just continue growing forever without any recessions. The global economy has been running on steroids for several years(really low interest rates, quantitative easing, money printing, etc.). It's pretty normal for all those financial steroids to have negative side effects. It was pretty much expected for the interest rate hikes to cause trouble for the weaker and not-so-well managed banks(like Credit Suisse). Higher interest rates lead to the price of treasure bonds going down, which means that they are harder to sell. Many banks have treasure bonds in their portfolios. |
|
|
|
|
Importance: Features:
3 Huge variety of games and different sections (sports, live tables, etc
6 Good bonus/reward program
7 Good looking, intuitive and fast user interface
9 Good help desk
9 Strong community/ Reputation
6 The age of the site
4 Casino's own token that pays dividends / ability to mine it by gambling
8 Instant deposits & payments
3 No Kyc
3 Nr of payment methods
Are you trying to do some kind of poll or survey? I don't mind about the number of games and payment methods. I prefer quality over quantity.
Good customer feedback and a strong community are the main factors, that could make or break my decision to use a certain online casino.
|
|
|
|
1.Bitcoin market was under pressure for a long time due to CPI and Intrest reports even the whole stock market was under pressure due to the last few moth economic developments. But now if the US government stops increasing interest rates in the next months the risk investment markets especially Bitcoin will attract investors for future opportunities.
2.As US government decided to print $2T and also update it on the Balance sheet which is indicating Quantitative easing in the coming month where a major part of this easing will be going to be part of the Crypto market and China has already announced Hong Kong official Trading Hub for the crypto market from the month of June
3.banks Actually lost the confidence of the customers/users as after a few months back developments I am not sure that my saving is safe in banks and even its continuously devaluating so I will definitely prefer the alternatives and Crypto is the best option is not just a thing to say in reality now people are clear where they need to store their assets
1.I think that the pressure upon the crypto markets will continue, as well as the pressure among all financial markets. 2.We already knew that the Federal Reserve(not the US government) will continue with the money printing and the interest hikes are temporary. Nothing new here. 3.I don't think that ALL banks had lost the confidence of the customers. There are some "rotten apples" in the USA and Europe, but I think that the vast majority of the people still trusts the banks. Anyway, I think that your topic belongs to the Speculations forum. I don't believe that Bitcoin will hit a million dollars. |
|
|
|
Which country are you talking about? I don't know about such gambling tax deduction in the US tax system. The tax system in my country has imposed a 15% income tax on all registered gambling businesses(in addition to the 10% corporate profit tax). There isn't any tax deduction for gambling loss in my country, AFAIK. Having such tax deduction seems immoral and ridiculous. The gamblers would be incentivized to gamble more, because their loss will be deducted from their taxes. I don't know about any country in the world, whose tax system stimulates the gamblers to gamble more.  |
|
|
|
|
I remember several years ago, when Japan and South Korea were considered to be extremely Bitcoin/crypto friendly. This changed and the governments of both countries imposed heavy regulations over the crypto industry. China was also Bitcoin/crypto friendly, until 2016 or 2017, if I remember this correctly. Russia was hostile towards crypto years ago, but now it's kinda difficult to determine where the Russian government wants to go in terms of crypto adoption. In summary, most Asian countries are unpredictable, and you never know when they will change their policies in regards to Bitcoin/crypto.
I think that the current crypto price pump has little to do with Asia and something to do with the negative news about some American and European banks.
|
|
|
|
But could we truly trust their press releases saying that everything is "secure, and safe"? I believe not, and we simply shouldn't trust them. Everyone should get their money out. Because, why would they need a $54 billion credit line?
The first clues that came out about Credit Suisse's problems were back during February, and I believe that it will not be the last.
Plus did you know that the Federal Reserve can also give credit lines to eligible FOREIGN BANKS? 1.The thing you are describing is called "bank run" or "bank panic" and I wouldn't recommend it to anyone, who has deposited any money in a bank. If everyone gets their money out of Credit Swiss, the bank will have to default. Most depositors probably won't get their money back, unless their deposits aren't guaranteed by the government. Credit Swiss will get help from the Swiss central bank and they will have enough liquidity to payout some deposits(and maybe some short term debts) so that the possibility of a bank run will be neutralized. 2.The Federal Reserve could lend money to whoever they want, even to foreign banks. I don't see a problem here. Lending money isn't the same as giving money away for free. |
|
|
|
|
Nope, I don't trust "probably fair" gambling games and random number generators.
I just avoid the gambling games, that rely on picking numbers and randomness(dice, slots, roulette, crash), mostly because they are boring.
I play poker or bet on sports.
Many hardcore gamblers have told me that even the roulette games on the offline casinos are rigged so that the ball falls on a certain number.
If an offline casino can manipulate an actual roulette table, imagine what online casinos can do with online gambling games.
And always remember, gambling is played for fun, not to make money. I don't find games like slots, roulette, dice and crash to be interesting enough, so I avoid them. I don't avoid them, because I'll lose money, I avoid them because they don't seem entertaining to me.
|
|
|
|
Charles Hoskinson stated that cryptocurrency needs to cut ties with banks, how do you think this will work out? Because I use Fiat through Bank to purchase Bitcoin and other altcoins, is there any possible way that this can work out? What ways can someone buy Bitcoin without the help of Banks?
There are mobile payment apps that can serve as an alternative to the banks, like Revolut, Verve, Monzo, Monese, Bunq, etc. However, I think that most of those apps actually rely on some banking services more or less. Bank transfers(including credit/debit card payments) are still the most convenient(and probably the cheapest) way to buy Bitcoin/crypto. You could buy BTC using gift cards on Paxful, but the rates aren't affordable. The banks are more of less unavoidable, when it comes to financial transactions in general. The entire financial system is designed in a way that prevents the people from bypassing banking services. Even the crypto industry still can't find a way to make the banks completely obsolete. |
|
|
|
There are several forum threads about ChatGPT. Most of them are about the results people are getting from Chatgpt after asking certain questions. At this point it's pretty clear that ChatGPT is still learning and gathering data, so it can't provide accurate answers on most questions. Do you people think that these forum threads about ChatGPT add any value to the discussions in the Gambling forum? I don't think so. Basically anyone could create an OpenAI account and play around with ChatGPT. I'm not interested in doing such thing, because I'm buzzy with more important work right now. Is it really that interesting to read a bunch of plagiarized info gathered from the internet by a bot? |
|
|
|
I think the Federal Reserve is trying to calm financial markets after the collapse of the SVB, and will probably raise interest rates another size at its next meeting in response to the situation. This is despite the fact that inflation remains high, and the stock market is likely to continue to see further bankruptcies and layoffs. Raising the interest rates won't help for calming down the financial markets. Having higher interest rates would make many banks and companies more vulnerable to the risk of getting bankrupt, because their debts will become more expensive. The only thing FED could do is to provide some sort of financial support to the problematic banks. AFAIK, those banks aren't insolvent, they are illiquid, which means that they can't pay all their liabilities because most of their capital is locked in long term assets(which takes time to be sold and converted into money). I don't know what the Federal Reserve will do, but raising the interest rates isn't the best move right now. |
|
|
|
Can you pay your Mortgage with Bitcoin?
Can you pay your house rent with Bitcoin?
Can you pay all your bills with Bitcoin?
Can you pay your medical bills with Bitcoin?] You can pay for all those things with BTC, when the banks and corporations start allowing BTC payments for mortgage, bills and medication(which might never happen). I think that you missed the point here. Saylor is talking about the good old "be your own bank" concept in regards to Bitcoin. Of course that Bitcoin is not a bank, Bitcoin is a currency. It's like saying that the US dollar cannot be a bank. A currency cannot be a bank. Bitcoin is a store of wealth and you could keep this store of wealth in your house, without relying to any third party to pay you interest rates and to manage your funds for your own benefit. |
|
|
|
|
I got sick two times (back in March 2020 and November 2022), but it wasn't something dangerous(I don't know if it was COVID or a normal virus).
I never got vaccinated or tested for COVID-19.
I wasn't financially or emotionally damaged during the pandemic. Last year's inflation had a more negative impact in my life, but I don't complain. There weren't any massive lockdowns in my country and we didn't have any problems with food and starvation.
I guess that many underdeveloped countries with large population had way bigger problems than my country during the pandemic.
|
|
|
|
|
1.The creator of this test must put some "trick questions" because many gamblers would lie when doing such tests.
A "trick question" is a question whose answers might contradict with the answers of other questions, so that the survey creators might find out which gamblers is lying and which one tells the truth.
2.Answering the questions with yes and no isn't enough for an accurate measurement of the gambling addiction.
Many polls have questions, in which the survey participants have to evaluate their answers from 1 to 5.
Like "How likely are doing to a casino, after you have lost a big amount of money?" and the users have to pick a number from 1 to 5.
Anyway, creating such test is a great idea.
|
|
|
|
there will always have some sort of inflation
the push pull for sure
but that is dependent on many variables etc, at least it is possible to get rid of one form of\ inflation if the entire market place was based on a money system that had a limited supply
what are your thoughts on what if the majority of the population all of a sudden sold all their fiat and put it into a crypto? like BTC, do u think the system or part of the traditional finance system see some type of impact/disruption?
Put it into crypto? What crypto? Bitcoin or some altcoin? If they put everything into Bitcoin a few things will happen. The BTC price will hit 1 million dollars or more. The BTC blockchain will get clogged with millions of transactions, so the transaction fees and the confirmation time will skyrocket(despite having off-chain solutions like the Lightning Network). Everyone will get disappointed and the majority of the people will start selling their BTC, which means that the Bitcoin price will drop severely to low levels. A small amount of traders/investors will become insanely rich due to buying and selling at the right time and the majority of the people would probably lose money. And no, I don't think that the traditional financial system will get disrupted. |
|
|
|
People need to understood it's a end of the commercial Banks as we know it time to move on who don't get into crypto they will risk with losses of using third parties banking services. It's too early to declare the end of commercial banks. There were many cases of commercial banks going bankrupt in the past, but the banking system wasn't replaced by anything better. The crypto industry cannot fully replace the banking system, because the crypto industry failed at creating sustainable peer-to-peer lending platforms. The main function of the banking system is to gather deposits and give loans to the borrowers. The crypto exchanges cannot become banks, because there's no authority, that serves as a "creditor of last resort" that will provide them with funds when they are facing liquidity problems. |
|
|
|
Most gambling games are designed in a way that makes it impossible for the player to win in the long run. No AI could win in a rigged game. I'm talking about the "low IQ" gambling games, like dice and crash(and probably roulette). It would be interesting to see how AI would play a game like poker. Perhaps there will be AI poker players gambling on online casinos in the not-so-distant future. I would never let an AI bot to bet my money and play in a casino. I'm sure that many not-so-smart gamblers would happily pay for a magical "always winning" AI gambling bot or service. We've seen such scams before, they will never end. |
|
|
|
|
The March 2020 price drop was caused by the pandemic, lockdowns, closed borders and panic.
The current price drop has nothing to do with the 2020 price drop. I don't care about how many US banks are going to bankrupt.
I will keep HODLing and accumulating, while waiting for the 2024 halving and the potential 2025 bull market. I also expect the war in Ukraine to end somewhere around 2025, so this will be another positive news.
We might be heading towards a financial crisis in late 2023 and 2024(caused by the US financial system, no surprise here). I know that the crypto winter will continue and there will be bigger price drops than the current one, but I don't care about the prices right now.
|
|
|
|
Silicon Valley Bank was involved in funding tech startups, which is a highly risky business. I actually expected the Federal Reserve to save SBV. Anyway, crypto exchanges are NOT banks and they never will be. People should not view centralized crypto exchanges as some kind of banks. The problem is that many crypto exchanges started offering lending products and paying interest on crypto deposits. This business model crashed because of the crypto winter. In reality, we don't need crypto exchanges because 99% of the altcoins are garbage. Bitcoin/crypto should be 100% peer-to-peer and "be your own bank". Nobody asked for the hundreds of shitcoins and shittokens. The crypto exchanges really helped for mass crypto adoption, but they also created many problems with scams, hacks, regulation, etc.. |
|
|
|
Is it right to call a gambling platform a scam for confiscating users account with the deposited balance because you use more than one SIM card to access the platform? The SIM cards aren't from same network provider, so their IP addresses are different from one another.
This happened to someone I know very well, but I found this to be too cruel, different IPs on the same device shouldn't cause this ban, what do you think?
There are some gambling platforms that pray that users make this mistake and use the opportunity to sit down on their money.
Just explain your issue to the customer support of that gambling platform. If you can prove to them that you are a single user with two different IPs and they unblock your account, they are not a scam. If they keep insisting that you violated their Terms of Service and refuse to unblock your account and return your funds, they are definitely suspicious. I don't get why an online casino would block a user with IP addresses to login to his account with each one of his two IP addresses. The user can simply perform KYC verification, when he withdraws his money, in order to prove that he is legit and nobody hacked his account. Let's wait and see how this casino's customer support will react. |
|
|
|
|
Show Posts
