The overwhelming majority of people in the modern world spend more than they earn (use loans), so it is difficult to blame them for their lack of patience - they have the necessary expenses and they have to make them. Few lucky ones have the opportunity to invest with savings or invest credit money with courage.
This is the sad reality on which these decisions do mostly end up on a mess when you do tolerate this kind of behavior on where you do take some loans just to fill out that kind of thing in mind. When it comes to expenses then it would vary to person to person because not all would really be having that kind of mindset where there are still people who are sensible towards into their financial management neither those came from other sources like campaigns or other freelancing works or some sort then it doesnt matter. This is a really sad reality. And I am forced to note that now many reasonable people who had savings and did not make purchases on credit suffer. Prices are growing all over the world for all goods, especially for real estate, and it turns out that those who took out a loan to make a purchase make a profit, while those who simply saved up (without making investments) lose money due to inflation. They make a profit on paper and only realize that profit when they sell. Do you remember how the subprime crisis enfolded? People borrowed money, bought houses, drove the prices up others bought houses, prices fell again and the collateral value dropped. Then banks asked for additional collateral but of course the borrower didn't have any. The bank terminated the contract for the respective reasons outlined in the terms and conditions and the wave of credit defaults got going. Not everyone who borrows and buys assets with that borrowed money eventually gets to see the light at the end of the tunnel. |
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The advantage with Dogecoin is that although the block size is similar to that of Bitcoin (1MB), on average the blocks are mined every one minute instead of 10 minutes as the case with Bitcoin. And due to low acceptability of Dogecoin, the Mempool is almost always empty (although this may change in the future). Eventually Bitcoin will lose out because the miners have refused to lower the transaction fee. But it will be too early at this point to predict whether DOGE will benefit out of it.
In the end Bitcoin will lose out? What about scaling solutions? Everything in life scales. Cars scale, bicycles scale, hardware scales, and Bitcoin will also scale, it just needs time. Scaling solutions are underway and once they are rolled out step by step (which is not easy to do), it will take time until some of them are sufficiently understood by the uses in regards to how to use them (e.g. lightning channels). Hopefully, most of them don't even need some extra effort on behalf of the user. That would be the best case scenario. I agree that the magic should happen in the backend or on the protocol level. If there are users that are not overly tech-savvy, it will be hard to convince them to use a complicated technology in their everyday life. They won't do it as we all prefer easy solutions and go for compromises when it makes life a little bit easier. Although we sometimes shouldn't. Yes there is no way around it. You can compare it to the old personal computers when you had to use Linux like programs or DOS. Who would have used that for personal purposes. The average 60 year old wouldn't have used computers today if they still were like that. It is all easy to use and intuitive, at least for the most part.  On a few occasions the machines still do whatever they want and not what we want them to do.  |
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~
Most of what you say is true but look at ETH over the last couple of days. It is growing while BTC stagnates. To me it seems that the BTC push might be a bit saturated and now it is ETH turn, whoever is pushing it right now.
In my opinion, the reason is the updates. The first update was supposed to lower fees - it worked out great. The second is to start burning Ethereum on every transaction. Given that the first update was successful, it is obvious that people believe that the second update will have the same success, which means now is the time to buy. There were also some great news for a new application on the Ethereum blockchain. A financial company started issuing bonds on ETH I believe. I read that somewhere but can't remember where exactly. That's huge because it further legitimizes Ethereum as a reliable a secure global decentralized ledger even for financial products of highest security requirements. |
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That is a very typical fallacy which I also observed in real life. People cross off numbers in roulette that just showed up believing that only because they just showed up, they can't show up again anytime soon.
Everyone with basic knowledge in statistics knows that if the 30 shows up this round, the probability that it shows up next round is the same as long as the events are considered to be independent.
Funny how they cross off these numbers while it makes no sense. Same with red and black whereas that is kind of a dependent event if you put your money on black and red shows up 15 times in a row. That probability is extremely low, but if it happens you are most likely broke.
Well, they are taking into account the past records, and basing off the possibilities of what they could based on those. It isn't necessarily wrong, but I think it was a misplaced notion, especially in gambling where all chances are reset to zero when a new game starts. Still, with that, they aren't able to find anything to base their bets upon, and betting solely based on luck at times isn't really what they want, so they instead base it on past numbers that showed up. It is still a valid statistic, just that it's in no way proof that the same number would pop up. They probably just use it solely for increasing their confidence levels with regards to their bet. It is absolutely completely totally wrong, those are independent events unless you bet that a number comes twice in a row, but that is totally different from betting on a number in round 2 even if that number showed up in round 1. If in round 1 the number 5 in roulette showed up, what is the probability that the number 5 shows up in round 2? The same, exactly: 1/36. If you say that you bet on the 5 showing up 2 rounds in a row, the probability is 1/36 * 1/36. |
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Very simple: all earnings on "black"!  No, you are right because the bull run turns out to be so valuable even for minor income in BTC that it is worth holding onto some of the earnings for sure. When you say "trading" are you a day trader? That is also a kind of gambling I would say. Too many discussions about trading and gambling about its differences and similarities. Having that said, you're right that with small amount of btc that were accumulated became larger these days. Knowing that bitcoin has reached to $64k and then became $62k later which is still another all time high that has been reached. We will then see the $70k soon but $100k is really possible, the bullishnesh of the market this season is way bigger compared to the past and I think to be more optimistic too that $100k is possible. For my earning, I don't really hold or accumualte now, I spent it since it does not fit with my principle to accumuate at bull run even if I only earn it, still considered it as accumulation. Everything is possible. Just think about how many % of BTC total supply is in the hands of big players now. I bet the exchanges control up to 50% of all BTC in circulation. They can push the price to wherever they want to push it. And they certainly will at some point. They are indeed on exchanges but the question is, are they 100% the owner of such number of BTC circulatjng in the platform? But well of course they have the upper hand but still I don't think they'll even use that to their advantage to oump or dump the value. And as the Gambling Industry now I think they have atleast the remaining 30% of the whole supply. Pandemic really did help to increase this holding on platforms. Exchanges are the real gold mines these days. Imagine taking 0.25% two sides from every single trade all day long from all coins traded on that exchange. There are a lot of huge exchanges with huge volumes. Take the volume, 0.5% of it and you know how much crypto value is going into exchanges' pockets every single day. That's an enormous amount. Those who provide the infrastructure these days also control the supply. I am sure about that. Once you control the supply, you can also impact the demand by holding coins back strategically, making it seem more scarce for a while than it actually is. these fees that exchanges charge is very high, the biggest headache that I have faced when I do day trade is precisely those high fees that exchanges charge. exchanges are the same as casinos they always profit and change rules whenever they find it convenient. unfortunately i just see a scenario where in the future everything is worse. fortunately my winnings from gambling I use in the real world, buy food and have fun It hurts more when you trade with leverage and leave the position open for a while, especially over the weekend. Then those exchanges charge a good chunk of money which takes a good part of your potential profits away. |
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I cant belive in my eye. BNB just shoot up from $300 to more than $600 within 2 weeks. I think that it must take time for binance coin to x2 from $300 but now, it breaks all of my forecast
Congrats people investing money in binance coin. With binance smartchain , BNB will soon become equal to ethereum. Its market cap is more than 1/3 of ethereum
I think that no one expected this. It's funny to see how people write here that they sold their BNBs for a much cheaper price than they could sell now, it is obvious that no one suspected that the crypto market would show itself from this side, or did someone suspect? It seems that most of those who write here include me had no idea about such an event. In any case, the market has taught us an excellent lesson from which the best we can do is draw the right conclusions. In retrospect it is easy to say the opposite because BNB was so strong all the time and unprecedented growth with the perfect business model. Yet it is another thing to have the guts and invest a lot of money. Now looking at the price I'd say it could be expected if you compare it to other coins. It is a dream story when it comes to Binance. Started with just a few people and within months a billion dollar company. Really awesome and it happened in crypto, yay!  I think if you look in retrospect, not only will BNB seem like an excellent choice, but Ethereum and many other coins that have shown remarkable growth due to the growth of bitcoin. Obviously, the market is moving in the wake of bitcoin, which means that if you expect the growth of bitcoin, then you can expect the growth of the top 100 coins. And if we talk about Ethereum, then now, it is especially clear that this is cryptocurrency gold. Most of what you say is true but look at ETH over the last couple of days. It is growing while BTC stagnates. To me it seems that the BTC push might be a bit saturated and now it is ETH turn, whoever is pushing it right now. |
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The advantage with Dogecoin is that although the block size is similar to that of Bitcoin (1MB), on average the blocks are mined every one minute instead of 10 minutes as the case with Bitcoin. And due to low acceptability of Dogecoin, the Mempool is almost always empty (although this may change in the future). Eventually Bitcoin will lose out because the miners have refused to lower the transaction fee. But it will be too early at this point to predict whether DOGE will benefit out of it.
In the end Bitcoin will lose out? What about scaling solutions? Everything in life scales. Cars scale, bicycles scale, hardware scales, and Bitcoin will also scale, it just needs time. Scaling solutions are underway and once they are rolled out step by step (which is not easy to do), it will take time until some of them are sufficiently understood by the uses in regards to how to use them (e.g. lightning channels). Hopefully, most of them don't even need some extra effort on behalf of the user. That would be the best case scenario. |
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I don't know if the solution to the high cost of ETH can be realized soon, it will make the value of BNB decrease or not, considering that many have switched from ETH to BNB, one of the reasons is due to cost issues, on the other hand we all know that now more and more products from Binance are popping up. , and DeX built on BSC costs 49 times less than DeX on the Ethereum platform. If ETH does not immediately solve the cost problem and Binance is increasingly innovating so that it can catch up to the difference in value from ETH, in the future BNB will definitely be one of the toughest competitors for ETH.
Indeed, currently BNB innovation is increasingly spreading, many projects take shelter against BNB, but we look again at the graph on ETH, amid the cost problems faced, the ETH graph remains stable as there is no effect that is too pronounced, if indeed BNB wants to shift ETH as the king of altcoin , BNB still has to work harder to achieve it, and BNB must move as fast as possible before the cost problem on ETH is resolved, because if ETH has finished providing a real solution to this, ETH will certainly climb very fast. ETH makes small steps but many of them. It goes up and up these days very slowly, but with strong support as you can see. No hard selling pressure. Your guess where it will go? BNB won't come close to ETH. |
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You must have read the term centralized, decentralized. BNB is shit centralized coin. Regarding fee, you still can send huge amount with lower fee in bitcoin but I know that will be huge slower, bt after Lightening Network implementation, fee will be reduced hugely.
If BNB is shit centralized coin, how the hell happened now that its price kicked at around 509$ each now according at the https://coinmarketcap.com/currencies/binance-coin/, meaning this BNB is not a shit though it is a centralized been hacked several times resolved the issues for a short period of time as well, then after that this was happened now because of the BSC. Calling it a centralized shit coin is weird. It is true that it is centralized, but as far as I know they are working on changing it later on. As reputable as Binance is there is no reason right now to not trust in what they claim for the future. They have always delivered on their promises. The company is solid and that is what counts to me. |
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Thanks to Elon Musk tweet about Doge, let Doge more and more famous, then just have happened this skyrocketed DOGE story. Let us back to the years when DOGE without Elon Musk, the time that BTC also with high fee, the ATH of Doge is about $0.017318. Comparing to now, i think the answer is easy to say.
DOGEcoin is famous anyway. If a coin is among the top ranks on Coinmarketcap for such a long time, the visibility was so high and so many people have seen it, it's definitely popular anyway. With Musk's tweets it can only get better for DOGE, that is true. Didn't he mention he is accepting various coins for Tesla and SpaceX purchases? Or was it only Bitcoin thus far? |
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Apart from Elon musk hyping dogecoin these past months that got price hanging at $0.05 now the price has gone skyrocket. The skyrocket price of doge I believe is becayof the high fees of bitcoin transaction. Dogecoin is proving to be a more optional coin to bitcoin and that is undoubtedly pushing price high and for the first time dogecoin has made a return to faithful hodlers.   I think it is not the high fee of BTC that brought dogecoin to limelight, it is the constant meddling of Elon Musk that brought Dogecoin to the attention of whales and masses. If it is the high fee of BTC then there is other cryptocurrency that can offer a lesser fee and a faster transaction. High fees may also play a minor role in all of this although I think that people will just use BCH or something else instead that also has low fees. What does the average transaction with DOGE cost right now? It isn't as low as you would think! It is around $0.20 to $0.35 or something? There are coins which are cheaper in transaction costs. Litecoin and Bitcoin Cash are both cheaper I believe. |
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For me, its a possible, more traders and holders are enjoying their verygood profit, and CZ creating and making a hyper moves on his own work, He did a best marketing strategy
CZ's performance so far has indeed produced excellent results on the BNB token, lots of support has come and BNB enthusiasts have started to increase over time because they saw extraordinary movements in the BNB token. CZ is very present, innovative and open-minded. Great CEO with a great vision and he won't stop. He isn't done yet. With the success of BNB, I feel he will be more motivated as BNB could be the number 1 in the altcoins market soon. We can expect more great news from Binance team, they always gives us positive surprise so we should not be surprise why BNB pumped big time already. Just a matter of time, BNB will overtake ETH. Maybe that is what motivates him as he can't have many other goals as a billionaire. Did he ever publicly say that his goal is to attack Ethereum? I don't think so. He is building technology step by step, tries to present a faster yet secure chain. I can also imagine that he has many things on the bucket list we don't even know about yet. |
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For me, its a possible, more traders and holders are enjoying their verygood profit, and CZ creating and making a hyper moves on his own work, He did a best marketing strategy
CZ's performance so far has indeed produced excellent results on the BNB token, lots of support has come and BNB enthusiasts have started to increase over time because they saw extraordinary movements in the BNB token. CZ is very present, innovative and open-minded. Great CEO with a great vision and he won't stop. He isn't done yet. |
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Yes, I am going to sell some $sushi, can the two items mentioned above be bought?
Why don't you wait for a few weeks? Coinbase listing was a disappointment (the current valuation is around $60 billion instead of the expected $100-$150 billion), and the impact will be felt on BNB very soon. I don't think that BNB can have a valuation that is much higher than that of Coinbase. Right now BNB is having a market cap of $82 billion and I am expecting a 20%-30% correction in the coming days. You can use this opportunity to accumulate BNB. "Disappointment" is a strong word here: Imagine founding a company that is worth $60 billion after what, 9 years? For some it might have been a disappointment but overall it is an unbelievable success story! |
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Very simple: all earnings on "black"! No, you are right because the bull run turns out to be so valuable even for minor income in BTC that it is worth holding onto some of the earnings for sure. When you say "trading" are you a day trader? That is also a kind of gambling I would say. Too many discussions about trading and gambling about its differences and similarities. Having that said, you're right that with small amount of btc that were accumulated became larger these days. Knowing that bitcoin has reached to $64k and then became $62k later which is still another all time high that has been reached. We will then see the $70k soon but $100k is really possible, the bullishnesh of the market this season is way bigger compared to the past and I think to be more optimistic too that $100k is possible. For my earning, I don't really hold or accumualte now, I spent it since it does not fit with my principle to accumuate at bull run even if I only earn it, still considered it as accumulation. Everything is possible. Just think about how many % of BTC total supply is in the hands of big players now. I bet the exchanges control up to 50% of all BTC in circulation. They can push the price to wherever they want to push it. And they certainly will at some point. They are indeed on exchanges but the question is, are they 100% the owner of such number of BTC circulatjng in the platform? But well of course they have the upper hand but still I don't think they'll even use that to their advantage to oump or dump the value. And as the Gambling Industry now I think they have atleast the remaining 30% of the whole supply. Pandemic really did help to increase this holding on platforms. Exchanges are the real gold mines these days. Imagine taking 0.25% two sides from every single trade all day long from all coins traded on that exchange. There are a lot of huge exchanges with huge volumes. Take the volume, 0.5% of it and you know how much crypto value is going into exchanges' pockets every single day. That's an enormous amount. Those who provide the infrastructure these days also control the supply. I am sure about that. Once you control the supply, you can also impact the demand by holding coins back strategically, making it seem more scarce for a while than it actually is. |
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==
Thats how most of the gamblers lost their money they didn't realize that their money is draining little by little for trying out each game so maybe if we have less money better not to do it and stay only on some games where we plan to play, this is little discipline for ourselves to not get addicted playing these risky games. Yes, that is an old story from the gambler since a long time ago. They didn't realize how their money was gone in the casino, but if they could be wise to manage their money for playing gambling, they would not lose all of the money without knowing. I admitted that having discipline is really hard and needs practice to have a strong discipline, as you said. But that is worth doing by us to prevent the loss and the important thing is we can prevent becoming addicted to gambling games. Some players also believe in systems that are doomed to fail. Like playing strategies that they believe can only win in the end. If such a strategy existed, everybody would be winning all the time, but it can even happen in roulette that "red" comes up 15 times in a row. That's when irrationality comes into play and leads to severe losses. That is a very typical fallacy which I also observed in real life. People cross off numbers in roulette that just showed up believing that only because they just showed up, they can't show up again anytime soon. Everyone with basic knowledge in statistics knows that if the 30 shows up this round, the probability that it shows up next round is the same as long as the events are considered to be independent. Funny how they cross off these numbers while it makes no sense. Same with red and black whereas that is kind of a dependent event if you put your money on black and red shows up 15 times in a row. That probability is extremely low, but if it happens you are most likely broke. |
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there must be a reason why casino do that . i gamble fairly and havent been in that situation but if in the future i experience it i wont hesitate to switch to a decentralized casino . thanks for the merrit Only centralized casino can freeze or locked your assets due to some reasons but most likely is because of violating a rule. That's what I mostly notice from a complaining gamblers why his funds is freeze or locked. It's either the casino which is shady or the gambler itself. We know that some casinos are not fair and some are fair. Well, it frequently happens that funds are frozen for an unnecessarily extended period of time. That's extremely annoying. In combination with poor customer service it can drive us players really nuts. I have experienced that before. Talking to three customer agents, all ask the same question but don't give helpful answers. I believe many here on the forum know what I am talking about. It happens, sadly. ^ It happened to me a year ago, you will reach online customer support but it will end up the agent tell you that you need to submit your complaint email address support and responded to your query after 2-3 days. Sometimes I think some of those gambling sites were selectively taking advantage of those who have a problem when they think they have a right to freeze your account and you did not let to open it. I don't like such behavior of the gambling site, probably if there is a big amount involve, I will not stop until I got my fund. Nevertheless, this is a case to case basis, either there is a mistake on our side or the casino side. Hey Doublehunter! I agree with you. Very possible that someone was gambling and they took the deposit and then knew he can't file a complaint for whatever reason. Then freeze the account and keep the money. Quite the asshole move if you ask me! Better use the established platforms, they usually are more afraid of reputation damage than they are willing to plainly steal your money! Good luck to you! This only happen on the casinos or sportsbook who doesn't care about there reputation and we have that here and they still running up that's why its better to choose the reputable casino, this is always advice for so many times but there are so many risk taker gambler who always want to try new things on their playtime that's why we encounter those people who cry about their balance stolen by scam casinos around. So from this incidents we should be careful and always verify the legit one before we play. Sure I would also recommend to stick to reputable casinos, but when online casinos popped up with crypto deposit offerings, all of them were brand new and you couldn't really tell whether it is trustworthy or not. We are getting off-topic here a bit. Sorry for that. OP didn't show up in a while though. I wonder how much effort is required from a programmer to build an online casino from scratch. |
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You know what, after DOGE skyrocketed, all dog-related tokens followed, including Shiba Inu and Akita Inu. Even a less related token like Pig Finance also pumped hard. If DOGE had some real bitcoin-alternative value like you said, Shiba Inu and Akita Inu must have had some, huh? In fact, without Elon Musk, maybe nobody even knows about DOGE. and one more coin that I found from last year's airdrop, namely DogeYield in my Trustwallet, also came back to life, up about 5000%, all coins under DogeCoin really carried up. it really has a very extraordinary effect. I do not expect it will have an impact on coin die. to be honest, DogeCoin has shown us some unexpected insanity. I never heard of DOGEYield, is it just a fork that was airdropped? Should check my wallet then, didn't realize there was an airdrop going on last year. Is it also actively traded with sufficient volume? |
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