Do we really believe into this kind of line? we are giving it back to our gamblers through 0% House Edge.
This would really raises some questions because as mentioned.Its impossible for a house on not to make money. There's no point for some operation if you aren't earning something. OP has been around for a while and has advertised extensively, so I don't necessarily think that he is trying to exit scam (obviously, i could be proven wrong). I just think that it's completely the wrong way to market your game. Gambling is supposed to be appealing and fast paced, not a mechanical process with a mediocre interface. I've been saying this again and again - gambling is entertainment. If the user doesn't find the game entertaining, even if you give him 0% house edge they don't have any further incentive to try out a game given the other risks and variances associated with it. |
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You have very limited upside while a heap of downside. Binance is the ultimate winner no matter how I look at it, unless you have a very, very specific need to hedge your holdings with this seemingly arbitrary settlement structure.
The only real reason why anyone would use this is for short term speculation, i.e., placing bets on the market. And even then, is this really the most efficient way to go about it?
If BTC soars, you stand to lose BTC unless price at settlement is less than 2% above your strike price. This makes it not worthwhile for long term investors who want a stable amount of BTC. If BTC crashes, then you lose in fiat terms anyhow albeit a ~2% interest rate cushion which doesn't help much - oftentimes you could get paid near that amount in funding rates on derivatives exchanges for holding long positions in bear markets for extended periods.
So, what should one long term holders should do to accumulate bitcoins using their holding amount of bitcoins, according to you? Hold their bitcoins in a hardware wallet? It makes no sense for you to limit your upside potential by entering into these contracts, since if you are a long term holder anyway, you want to profit off price hikes and not be capped by the strike price. And I'm not even mentioning the risk of Binance going bust, or regulatory risks associated with the exchange itself. These may not materialise as risks in the short term, but in the long run they are a possibility to be taken into account for sure. |
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The tradeoff is that tax havens generally don't have a lot of actual regulation since their sole purpose is to attract foreign investment into the gaming industry, and to sit there and collect any taxation revenues coming their way.
As long as they are getting their share, they wouldn't mind letting shady operators retain their license.
But if this is not an issue, then I'm all for it. It makes a lot of sense for these developing nations to secure FDIs whenever they possibly can, and the gambling industry is certainly a big fish to fry if they can successfully attract a few to register there (if companies deem lower taxes as a sufficient tradeoff less regulatory stability, that is).
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What do you follow when you are betting on sports: is it the odds or your knowledge and experience? Or maybe you're one of those people who bet on the favorite team or perhaps follows a gut? Do odds even matter to you? If yes, how important are they for your final decision? The odds that you receive does not exist in a vacuum. It is roughly inversely proportional to the probability of you winning the bet. There is no point betting just because an event has low odds or high odds, because they may actually have the same expected value at the end of the day. You want to find opportunities where you can maximise your returns, and that can't be done simply by considering odds in isolation. And as Hydrogen says, it is pretty much impossible for the retail bettor to have more information about the match and gain an advantage over the bookie. You are much better off just betting on whatever matches entertain you the most and are available on the day. |
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TL;DR: Find a game with the low house edge. For most games offered by regulated gaming providers, they should be compelled to give you a numerical figure as to how much you should expect in return as a percentage of your bet.
Also, take a look at how volatile each slot are: for low limit slots, you'd likely want to have high volatility to offer you a slim chance of winning a big amount.
None of these recommendations should be taken as absolutes, though. If you find a progressive slot that have built up a sizable pot that would give you a better RTP, or even just offers a gaming better experience, then go for it. It's low limits anyway and should be taken entertainment.
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The OP must see this thread https://bitcointalk.org/index.php?topic=5194492.0 there are so many cases that Hitbtc scammed their user, so I guess it will impossible for him/her to get his money back. There are so many trusted exchange OP, why you choose hitbtc? did you check the reputation first before you make an account? Most people don't, unfortunately. They don't look at past threads on scam accusations and reputation until it's too late. But AFAIK HitBTC at least solves some of their cases after a long time of deliberation, so OP at least has a decent chance of recouping his funds. OP, make sure that you keep on bombarding support tickets until the issue is solved. There is, as far as I'm concerned, no legal footing for them to offer you a service without KYC, deliver that service once, and arbitrarily decide to start a draconian request procedure the second time round. As long as you make it clear that you will not be bullied, and seeing that you've already provided the necessary proof anyway, you should eventually get your money. I am concerned though that they may drag this past the current bull market, in which case your cryptos may depreciate in fiat terms  |
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Idk.. 200% collateral, around 6% apy, less than 1 year..??
But what about when the IRS asks questions?
“Borrowed it from some anonymous guy on the internet.. Fuck off..” ??
Any experience in this? Or I was kinda thinking more recommendations for an institution..
You don't need to say that you borrowed, you can say that you sold them. Price isn't arguable, you can sell them even for $1... And just to be clear, you want to borrow USD by giving BTC as collateral? Can you also specify the amount that you want? I doubt that would help the tax situation. Disposing assets for OP would likely incur CGT whilst borrowing against collateral would not, or at least less since you are not technically selling the asset (not a tax advisor so take this with a grain of salt).
Not sure about Celsius, heard of them but never used them. Your main concern would probably be the counterparty risk that they somehow go under and your collateral becomes irrecoverable. Another option you could have is getting a loan on Bitcointalk that doesn't deal in actual USD at all - lender can simply lock in the value of your loan in USD and BTC is a transactional vehicle. The tax implications would probably change in this case as well so make sure you DYOR. |
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This makes no sense - you can't just avoid teams absolutely just because they underperformed in the past.
There are a time and a place for betting on any event, as long as the odds are in your favour. If one of the teams on your list are offered at 10x odds to win but you estimate that their true chance of victory is really something like 15%, would you take the bet? Definitely.
There are no absolutes in sports tips. Everything is relative to % probability of a winning event and the odds that you are offered for the event.
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I used to bet NBA over/under totals. My approach was to watch games and note which teams had a high scoring average as a result of them playing at a fast pace. And which teams had a high scoring average as a result of shooting accuracy. Teams that played at a fast pace were my go to option for playing the over. In theory their fast pace would not only give themselves more opportunities to score. The opposing team would also have more opportunities. A team with a high shooting accuracy wouldn't do much to help the other team hit the over, while a fast pace would. A fast pace may also be a more consistent variable in contrast to accuracy. Due to it being easier to maintain. Teams that played at a slow pace were my go to for playing the under. As their slow pace would not only diminish the number of scoring opportunities they had. But also run the clock down, denying the opposing team of opportunities to score. Anyways don't know if this info could be helpful. But I tried.  Definitely. Your analysis is on point. Pace (possessions per 48 mins or other measurements) and true shooting are certainly great predictors for point totals. My only concern is that your method does not consider the odds. It is very likely, and even probable that bookmakers and other market participants have access to the same information as you and therefore the odds already have this information priced in as people favour over for teams with faster pace and accuaracy. So in the long run, you don't really gain an advantage (theoretically, if markets are efficient) if you bet by this method; unless you determine for each game that a price is worth betting at. |
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You have very limited upside while a heap of downside. Binance is the ultimate winner no matter how I look at it, unless you have a very, very specific need to hedge your holdings with this seemingly arbitrary settlement structure.
The only real reason why anyone would use this is for short term speculation, i.e., placing bets on the market. And even then, is this really the most efficient way to go about it?
If BTC soars, you stand to lose BTC unless price at settlement is less than 2% above your strike price. This makes it not worthwhile for long term investors who want a stable amount of BTC. If BTC crashes, then you lose in fiat terms anyhow albeit a ~2% interest rate cushion which doesn't help much - oftentimes you could get paid near that amount in funding rates on derivatives exchanges for holding long positions in bear markets for extended periods.
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Bittrex traders can now trade tokenized stocks of listed companies such as Amazon (AMZN), Tesla (TSLA), Apple (AAPL), Netflix (NFLX), Pfizer (PFE), Google (GOOGL), Facebook (FB), and more.[1]
While it is not really "actual company shares" which is listed on the exchange, such tokens are "backed 1:1 to traditional stocks, entitling holders to the same economic benefits of owning the underlying stock."[2] There is no timely, provable way of guaranteeing this 1:1 backing. That is the main concern. Also, it seems like that this is really no different to CFD contracts that are offered by eToro and other trading platforms - they are not the actual asset itself but a derivative that will give you exposure to the underlying asset. Obviously, this could be great for some people but the counterparty risks are too immense for any long term investors to seriously tap into this field. Although Bittrex is not the first crypto exchange which bridged the traditional market and the crypto market, it certainly signals a time when both markets are merging for the sake of traders and investors. This is something that I have speculated for a long time. The merging of equity/bond and crypto exchanges will be inevitable, given the fact that the primary exchanges for these traditional fiat instruments are relatively inaccessible for retail investors. |
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Most of the activity in this field is grey at best and at worst illegal. You should steer clear altogether.
Especially with "bulk suppliers" who are actively seeking out 1000's of dollars worth of cards from a "long-term seller" at high discounts (I'm talking >50%), it is pretty much guaranteed that they are not in the legit business.
Watch out for these people on paxful too. If you use a highly discounted GC that proves to be stolen/hacked/carded and you use your address on the order, there is a real risk you'll have law enforcement knocking on your door. Check out some purse.io stories on reddit if you don't believe me.
I would not agree more with you BUT I am not asking for if its legal, grey or something else but the economy behind it. We cannot deny the fact that there is people with over 1000+ Gift Card trades (hundreds of them) and i highly doubt, they pulled of even 10% scams as you can only scam so much with one account. So I am not asking to ENTER that market, god no! Just to understand it. Sure there must be someone doing this business and have an insight. Someone sending lets say 0.01 BTC for a 200 USD Gift card for example, must have a way or know exactly, how to avoid being scamed. Doing it 1000 times in 1 year. People are stupid but nobody does a stupid thing a 1000 times if it doesn't work somehow right (i hope not haha) Yes, and I'm telling you the way that they do it is illegal/greyhat at best. What part of that do you not understand? They're likely knowingly getting carded GCs because they have a way to cash it out. Perhaps it's buying resellable electronics and changing their address each time, perhaps it's passing on the GCs to an unknowing someone else. There is a ton of possibilities if you are willing to ignore the law. As long as there are profit incentives (which there are, since most illegitimate cards are sold at absurd discounts), these bulk purchasers will continue to be in business. |
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Dear All,
we are looking to buy usdt or btc with cash. If there is anyone in the forum will be glad to discuss details.
Thank you very much.
How much and what types of rates? I may be able to help you. Feel free to PM/TG me |
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Most of the activity in this field is grey at best and at worst illegal. You should steer clear altogether.
Especially with "bulk suppliers" who are actively seeking out 1000's of dollars worth of cards from a "long-term seller" at high discounts (I'm talking >50%), it is pretty much guaranteed that they are not in the legit business.
Watch out for these people on paxful too. If you use a highly discounted GC that proves to be stolen/hacked/carded and you use your address on the order, there is a real risk you'll have law enforcement knocking on your door. Check out some purse.io stories on reddit if you don't believe me.
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0 - 2
4 - 1
magneto
Thanks Hhampuz!
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This is much more efficient and transparent than the process that you're undergoing right now, and much better for your own site's rep too. I don't know why you aren't taking this seriously.
no it is not. it is more transparent when it is between the company and customer directly. involving a third person would only increase the hassle. escrow would work only if OP has an idea of total amount of funds owed and that is external. Do you understand the concept of transparency in decision-making? |
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OP, if you're serious about restoring your rep, how about you actually start by following the advice of people who posted above?
Get a trusted escrow, escrow a good amount of coins to show that you're genuinely setting aside money to resolve issues. And hire an external, impartial mediator to resolve any problems. I'm sure a lot of people who are active on the gambling scene would be willing to do this.
This is much more efficient and transparent than the process that you're undergoing right now, and much better for your own site's rep too. I don't know why you aren't taking this seriously.
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Hey, I can do desktop/mobile. I'll send you a tg message too!
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I've been interested in crypto since 2014 or so, and between then and now I've seen major changes across the cryptocurrency exchange landscape. There used to be a website wesellcrypto.com that sold bitcoin, doge, and a few other altcoins for PayPal. Circle used to be one of the easiest ways to buy and sell bitcoin (at least in the US). KYC wasn't required by most exchanges.
Well, Circle and wesellcrypto.com are both out of business, KYC is becoming standard, and there have probably been more changes in the past six years than I can recall.
But what I'm really wondering is how many exchanges are going to be in business in 2030, ten years from now. I've said in other threads that I expect there to be a good deal of consolidation, with big exchanges buying out smaller ones, and lousy exchanges like Yobit and many others simply ceasing to exist. Are any of you expecting something similar? I don't know how many crypto exchanges exist globally (and I'd appreciate it--perhaps with some merits--if someone could provide a number), but I think there are way too many right now.
One thing I'm hoping is that exchanges don't stop providing 24/7 service. It drives me nuts in the stock market that you can only trade between 9:30am-4pm M-F. That's an archaic system IMO, and I hope it changes in the future.
I'd like to hear your opinions about where exchanges are headed, so feel free to disagree with me and whatever else you'd like to do.
Definitely. With the influx of institutional money, it's inevitable that exchanges are becoming more and more mainstream, and thus far more regulated. Most countries around the world also have their eyes on the taxation revenue prize, which means that more draconian regulations will also be commonplace. I don't think that there is a chance that 24/7 service will discontinue though. That would be ridiculous. Though, one trend that I foresee that may sound odd is actually a convergence between traditional stock exchanges and crypto exchanges to create a unified "asset exchange" - with stocks being traded 24/7 alongside cryptos. Certain CFD platforms such as eToro are already morphing into this mould. |
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Its a best time for People to become rich. Don't need skills just Invest in crypto stocks Gold and take Easy loans I Think its a best time for People without skills or Much of Knowledge to become wealthy.  When times are hard and no money in circlelation then its hard for People without any skills or education to prospel Now its a time When a lot money will be Every Where and People like me without skills or education Can Finnally become rich and wealthy This is the worst financial decision that anyone can make - and I'm a long term bitcoin bull. The fact that you are suggesting taking out a loan means that you're restricting yourself to a particular investment horizon, because there is a maturity to your debt and to keep on holding your position you'd have to continuously pay market interest. With such a volatile asset class like BTC, this is the worst you can do as a retail investor nearing an ATH. This has nothing to do with whether or not there is a lot of liquidity in the system either. That liquidity does not lend itself equally to all of the available markets, which means that certain assets have the potential to still underperform significantly in relation to others. And even supposing they do, it's way easier to lose money in market rallies than you think. Most people, especially trading on margin (which is essentially what you're suggesting to do here), don't have the mental fortitude to hold onto their positions for long enough to enjoy the benefits of a rally. |
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