Does gambling have a main purpose, to start with?
Do you believe we are here for a reason?
If you had no time to waste in your life, would you still gamble anyway?
some interesting questions
will love to read your answers.(and more questions)
I got into gambling, starting with card games like poker and black Jack as I liked the games and it was fun to sit and play with friends. Even at few occasions, we play with our family as part of ritual and it was never about money. It was mostly about spending time together, having fun and the game itself. |
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Bitcoin retracted pretty well from the support of 6700 which is the biggest one and will be tough to break. But Bitcoin hasn't been able to break the resistance of 7500 yet. Therefore, 9200 is still not in the picture. The overall market scenario is that of bearish nature. But you can always swing trade in cryptos. If btc breaks the resistance of 7500, then bulls can easily take the price to 9200+. Otherwise it will keep on hovering between 6700-7400 till the year ends.
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I doubt dominance is a key criteria when it comes to Bitcoin being bullish. If you have seen, even 2017, the bullish year, the btc dominance wasn't that high. The market cap was pretty much comparable to that of altcoins. That didn't harm the price growth of neither Bitcoin nor altcoins.
However, when the dominance decreases, the money inflow goes equally in altcoins as well as bitcoin which shows that people are showing interest in the overall market and not just into the Bitcoin. This is rather a good sign for the market on the whole.
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Poor money management by central banks and government is not a new thing. Every year, there are few countries struggling with hyperinflation.
Hyperinflation or Fiat losing its value is the result of bad monetary policies mainly governed by central banks. On the other side, bitcoin which has limited supply has inbuilt deflationary property.
But a small amount of inflation in Fiat is essential for the businesses and economy to work. Inflation has its own advantages. But controlled level are desired. You definitely can't run an economy on deflationary and decentralized currency like Bitcoin.
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4) Do not loan funds for investing in crypto
Avoid trading in cryptocurrencies with borrowed funds. It is a popular advice in the crypto industry that you invest only what you are prepared to lose. This means taking loans from sharks or banks is not advisable as you are risking your borrowed capital in a volatile market with no guaranteed returns.
Okay let's keep the concept of loan funds aside. What do you think about margin trading? They too are form of loan funds and I have seen a lot of people taking up leverage even the good traders. Do you think that is bad for a trader too? Because as far as I know many people don't have enough capital to buy enough quantities to make a living out of trading so it would really make sense if they actually took some leverage or margin for trading but they have to follow a strict stop loss so that they don't just blow up their everything. |
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Indian Parliament member Dr. Subramanian Swamy has shared his view on cryptocurrency. Advocating for India to make the transition to crypto, he reportedly said, “cryptocurrency is inevitable.” The lawmaker will chair a conference at the UN India’s headquarters next week where issues surrounding cryptocurrency in the country will be discussed. Read more HereIt's pretty obvious and thankfully the leaders around the world are also realizing that yes cryptocurrencies are inevitable and today or tomorrow they could become part of the mainstream currency system of countries. I think this might be a positive new from India because you just don't ban anything which is inevitable. The best you do is you make regulation upon it's limited usage and use this time to develop your own version of it and I think the government might even be looking forward to this alternative as they can put some restriction on bitcoins along with declaring it legal but as we have already heard they are in talks of developing their in house cryptocurrency backed by government. |
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What can I do with this 9$ worth of Bitcoin Cash to make it grow in a short time? Should I trade cryptocurrencies? How about trading bots?
I would congratulate you on earning any amount of crypto and your first payment do makes you a bit happy but truth is $9 is really nothing when it comes to this cryptoworld. You really need to work hard and earning something like $400-$500 to invest or trade in something to make yourself a fortune. I am not disheartening you but on legacy transactions $9 would be consumed merely in two transactions as transaction fees. Try to learn some skill don't go for easy options such as trading bots they often end up being scammy. try trading leverage, give a lot of profit in a short time and also the risk is high, if you play above 100x the possibility of return above 50% as well as the lot or commonly called MC (margin call)
But that means that one wrong call can blow up your entire balance too. Risk something which you can afford to lose is what I have learnt from many wise people of this forum. |
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With ever-declining prices on the crypto market since 2018, there has been a decline in the number of ICOs and the emergence of new crypto projects within the mainstream world. 2017 was believed to be the golden year of crypto and Blockchain technology as people invested massively across the market. Crypto startups, companies, and businesses have been largely successful since then. Due to the hype, we've seen many projects come up with a Blockchain solution for nearly anything in life. But the truth is that Blockchain is not needed for absolutely everything. It's today, and there seems to be a decline in crypto interest among people in the mainstream world. The number of crypto startups and companies have been reduced too. Does this mean that the crypto/Blockchain hype is finally over? Or is it still going on? What are your thoughts?  I think that only the ICO hype is over. Blockchain and crypto are a utility which they would remain until a lot of time. But the phase where everyone thought they could become rich merely by sending some money to a crowdfunding is over. Moreover it's over in a very bad manner as most of the ICO owners just took money from people and never made their ICO projects. They have just been involved in making social media hype and delay their beta versions every 3 months. I haven't seen a single ICO which have published their whole project which they showed in white paper while most of the projects actually promised to deliver results by end of the decade. It really is pretty sad to see ICOs ending like this. |
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Hi, recently so many past-ICOs turned into a scam or a deadcoin.
Is there anything what we can do to punish them? More than 2 years ICOs are scamming us and still people are investing, is this really a world what we want to create?
I think there is an option of making a central authority which can regulate such ICOs and create some reporting as well as some working standards for them but the problem is that such a thing would not be appreciated by people in crypto community as they will feel that this is violating the idea of centralization and this will actually make us much more dependent on that central authority and would make their leaders over powered. I still however feel that such an authority would check abuse of ICOs as they are literally playing and mocking with people's money and nothing else. |
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Day by day people are getting to know crypto currency, each day good number of interested people join the BitcoinTalk forum. The way the bounty qualifications and rank was in 2012 is not any more. Getting to the next rank is getting more difficult,KYC came in and many other changes, Now don't you think very soon most signature will only be opened to people from Full member and/or very few number will be given the chances of participation in many bounty campaign to have it convenient?
I think bounties are over. Not because they are useless or not efficient in promotion. But because these bounties are actually paid in shitcoins which don't have any utility. You see everyday there are hundreds of shitcoins which people launch in an aspire of earning money but most of them never even get listed. Even if they do most of the teams just flee away once their coin is listed and after the listing investors are able to sell what they bought so even they don't have any problem with these teams. So all on all this was becoming a scam game which was why bounties have really become out of fashion. |
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Today I decided to crawl around on the so-called DarkNet to see what people are sellling for Crypto currencies. First of all, I was amazed how many people are dealing in Monero these days. The second thing that grabbed my attention was the weird things people were buying online with their bitcoins. You have the normal drugs and steroids and stolen credit cards, but what caught my attention was the dirty panties. That disgusted me to no end... why would someone want to buy used panties with stains all over it? In any way, it was a fun afternoon and I have seen some very weird and disgusting things.... but I will never buy used panties.. thanks.  What is the most weirdest thing that you have seen for sale for Bitcoin? I have never seen this but I have heard from people that on dark net you can actually buy a murderer. A person who is a contract killer and would take BTC or XMR from you to kill the person which you desire. More popular the person higher this amount goes. I don't think anything can be more disgusting to be sold than someone's life. Drugs and other illegal things are pretty common on dark net for sale but this thing is surely the weirdest. |
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Now that more and more countries are starting to go cashless ( http://www.bbc.com/capital/story/20180427-does-a-cashless-society-benefit-everyone), is it possible that we also start converting to cryptocurrency? If that happens, what do you think are the advantages and disadvantages? Paying virtually is very convenient for me as I do not have to bring cash and it prevents petty theft but what is the disadvantage? There can be two cases. One is that all countries decide to go on a same cryptocurrency while the other case is that all countries bring up their own currencies for this matter. If we have the second option then the world would more or less be same but with much less black money and corruption because all transactions would be available to common people. Moreover if countries would themselves control the currency then more or less it would become centralized and not like bitcoin. But in the first case it would be pretty interesting. Because one currency would mean a much more connected economy world would become a global village without the bar of currency. Moreover the gaps between purchasing power parity of countries would also improve pretty much. |
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Recently I have seen many people whining about exchange fraud and some of them stopped working and took away all investor money. So in my head, I now have the thought that will 2020 be the trend of DEX?
I will give a brief summary of CEX and DEX. CEX stands for centralized exchange where all your money is managed by exchange, it has its own wallet system and money is transferred there.
DEX stands for a decentralized exchange, and there, you trade the number of coins in your wallet with someone else's wallet and there are absolutely no middlemen in between.
So with many incidents happening at CEX, will there be more people trading in DEX in 2020? Although trading at DEX costs more, it is safer for us and we do not need to make any KYC.
I don't have a very good experience with DEX. Most of the DEX don't have much volume and most of the trading is done using bots especially in tokens. Moreover I feel it's a quite cumbersome process to trade on DEX if you are a day trader you will have a hard time on such exchanges. If you are buying coins for investment then these exchanges are good otherwise DEX make no sense to me. |
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As the poll question states, in your opinion, is it a good idea to buy (stack) gold?
Feel free to elaborate your answer.
Many people will that it's bitcoin vs gold because there have been like thousands of threads around that but bitcoin is not going to replace gold in anyway so if btc price is booming gold too is going to boom in case of any market crashes just like it used to boom earlier. Gold has a history of thousand year and will be in the future of thousand years until we find a more precious metal. Gold get's it value from the self satisfaction and dignity that comes after owning it. |
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I agree that Pant needs to be replaced soon though I do not agree that Dhoni won't return since the upcoming T-20 World Cup could be his final tournament. India has given more chances for Pant to perform and i think the pressure to replace Dhoni is affecting his performance, once he understand that he is not going to replace a legendary player like Dhoni then he might play without pressure, he is also missing catches as a keeper and we have much better wicket keepers than him right now and we need to give others a chance rather than putting more pressure on Pant. Yes I think people are expecting too much from Pant. Even before coming to international format he was expected to just come and deliver. He is really feeling the pressure and people are not realizing that he obviously cannot keep like MSD as he had 15 years of experience with him while Pant is just a kid trying to learn he will take his time obviously. Ashwin is excelling in the T-20 format these days since I hear stories of him performing extremely well in small T-20 leagues these days which is why I fail to see why he shouldn't be brought back into the squad since Kuldeep and Chahal are out of form these days.
I would like to see him play in T20 format and see how he performs, if there is IPL before the world cup and if some of the players perform well in that then there is a possibility that they could be selected for the world cup squad. I think Ashwin doesn't has some charm delivery using which he can take wicket in just one ball. He actually bowls for a few overs builds pressure using some deliveries and then bangs and get some wickets. |
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I remember when people used to say having 21 was good, because then you would have 1 millionth of the supply. Now I see people talking about some 6.15 number, which I have no idea why or how anyone came up with that number.
Other guys tell people having 1 bitcoin will be 'enough' in the future, and how long into the future, I do not know.
I recently saw people saying online that 1 bitcoin is not attainable for most people, and they should aim for 0.1 bitcoin, and that sounded crazy to me. Surely if something is so important, you can find a way of getting 1 bitcoin over a year or two?
Do you guys have a certain amount you are aiming for?
Personally I dont have a cap on the amount I want to get. I just keep getting as much bitcoin as I can, when I can. Stacking sats I think the cool kids call it.
I dont think I will ever stop doing this. If I need to liquidate some in order to live and buy things, i'll do that, but i'll always keep trying to replenish what I spend.
I don't think there is any absolute amount on this. Everyone has their own metric of being rich. For a person who has never seen $1000 together will feel too rich after having $10000 in his bank account but a person who is born in a family whose annual income is $100,000 might feel that achieving $1M is being rich. This is a very relative question. For me personally I think 20-25 BTC are enough for anyone. But I am pretty much sure that once I achieve this target I would be hungry for earning more and more BTC so there is nothing like Enough Bitcoins. |
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I have been in the cryptocurrency market for almost two months, I observed that when the market fell, the percentage of BTC always increased. The current percentage of BTC has accounted for more than half of the market. What does this mean? Can anyone give me an explanation, and why is BTC? not another Coin? Because in my opinion, BTC is affected by market volatility more than the Altcoin!
Yes definitely I would like to explain you this. Basically most of the trading takes place in BTC trading pairs over all the exchanges when it comes to alts. You don't get a lots of alts listed with USDT pairs so whenever there is a dump in the market people don't go to USDT instead they just sell out their alts and keep BTC thus controlling their BTC count from falling. This is why BTC dominance always increases whenever their is a such a dump in the market. |
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Matthew Goettsche, Jobadiah Weeks, and Joseph Abel have all been charged with fraud by US District Court prosecutors regarding their cryptocurrency company, BitClub Network. The three men allegedly used the company as a Ponzi scheme to defraud investors of $722 million.
The company purported to run a Bitcoin mining pool, taking funds from investors for ‘shares’ in the mining profits. Investors’ funds were to be used to purchase mining hardware. Returns to investors were to be based on customary miner rewards and transaction fees earned.Source link hereWell, well, well. Down goes another ponzi scam! I remembered last year that someone sent me a message that I should join the Bitclub network. I refused. He really insisted me that time to join because he was "paid" as promised. He wanted to help me change my life. Yeah, but deep inside, he wanted me to get "victimized" in another Bitcoin scampany! Why would I need to join a ponzi like that? Now that these filthy founders got charged for running a Bitcoin ponzi scam, I guess that the guy who sent me a message back then is now "crying" because of his lost money in that scampany. I just feel sorry for those who have fell for that Bitcoin scampany back then. Lesson learned for you guys. When will people realize that all the cloud mining pools are nothing but scam. When they don't seem to get the desired results they just flee away with the investor's money. We have seen enough examples of such things. But I liked that new acronym "Scampany" lol. This should be used for any ponzi promoting company. Moreover the way these networks persuade people to join them makes them even more dubious. |
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I don't think this trade war will effect BTC in any way. This is just diplomacy between two countries which happens from time to time. Nothing major takes place in cryptocurrency market due to this. Moreover it's just a matter of few months before this war is over and things run back to normal.
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Many people want to see their governments adopting crypto currency and using it to replace fiat in their daily life. If it happens futurely, it will be in a centralized way of course. Governments will create their own crypto currencies and force people use it.
But my main concern is: why would they do this if there is already digital cash?
Isn't a centralized crypto currency the same than digital cash? What is the difference, if there is any?
Share your thoughts, please.
Digital Cash is somewhat slightly different. First of all it's nothing but merely creating money out of thin air. While cryptocurrencies are generally mined and all of them have a proof of work. This is a requisite of being a cryptocurrency. Moreover there is transparency and anonymity involved in transactions of digital cash. Anyone from any corner of the world can see what transactions are going on in cryptocurrencies just through the explorer but at the same time no one can actually tell who is sending money to whom. So transparency and anonymity are both going hand in hand. It's not merely decentralization that makes a cryptocurrency different. |
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