This is the chart of Bitcoin's Avg. Transaction fee: https://bitinfocharts.com/comparison/bitcoin-transactionfees.htmlRight now the median fee is about $2. After lots of halvings the reward won't be enough to satisfy the miners. I guess that after a decade, bitcoin will be more widespread, as a result, more transactions will occur every second. Won't this increase the median fee? If it does, bitcoin will start being a not-so medium of exchange. Imagine paying $5 for a transaction. Even paypal doesn't charge that much. There is no point in thinking so far distant into the future. While it is true that mining gets more and more difficult over time the transactions fees won't be the only thing which will factor that. As such, it wouldn't make sense to have the types of fees your describing as as you have alluded at people won't be happy to pay that much, or will they? Only time will tell. I think what's important sometimes is to focus on what's in front of you and right now I say let's enjoy the BTC bull run
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New leader on BTC wagering contest: Player Penelope45 wagered 193.21 BTC in short time. Estimated reward: 0.38 BTCStill 6 days to go, anything can happen Penelope45 is a baller, I would not consider wagering close to that amount even if I was able to afford it. In my view the calculated risk-reward is not worth, but clearly this is my opinion. However, these types of bold moves underline the confidence players have playing on casinos like Crypto.Games, and if anything it keeps on adding to the player confidence. The fact that there has not been any disputes over payouts also adds more credibility to the point where some (like in the example above) can even risk wagering their savings! Bravo
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XRP is a good coin and by being designed to work on the Ripple Network means that the transaction speed is much much faster than that of BTC, and it has much lower fees overall.
So on the surface, it really does look like a great coin but when you consider the motive behind crypto you'd almost always think - decentralisation, people being in control of their own assets.
And this is where XRP is different, as it is a centralised coin associated to financial institutions like American Express, MoneyGram, SBI Remit etc.
Perhaps, in the future this difference will make this coin much stronger but today this difference is also seen as its 'demise' to some degree.
So, where do I see XRP going from here, being among top 5 cryptos? I think with this sweet bull market ride, XRP might also gain momentum and increase in value just like most of the other top cryptos are predicted to perform.
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Continuing to pump liquidity, i.e. increasing demand for the currency is the key, whether it is a real demand or by pumping more liquidity with it.
There is nothing more important once you launch your token than trying to maintain that liquidity pool as high as possible, being through making the right partnerships and people trust you project or having a great marketing team that know what they're doing. Without a successful maintenance of this liquidity, pumping won't happen, and you need that for price rise. Generally, if you are not a scammer and your project is well programmed that has a good roadmap, the fluctuations that occur from time to time will not affect the price in the long run.
This second point is just as important as the first. And that is if the project isn't backed up well and people don't see value in it you can artificially pump it all you want it won't sustain that high price no matter what you do. As soon as a few minutes goes past, the dump will follow.
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Just out of curiosity, has anybody managed to successfully claim this promotion? It sounds like a really good incentive to deposit and try the casino out but it would give more credibility to me and others considering this if there were people out there who already got this
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Unless you use a regulated exchange with deposit guarantee from a financial authority there is no reason to hold your crypto on a third party platform unless you are an active trader.
That's exactly right. The issue does come into play when traders even if they're not regular want to have immediate access to their funds for a 'one-off' trading or some sporadic ones. I suppose in these scenarios the risk is always calculated and leaving your crypto on exchanges you take on full responsibility. But it is hard to have to transfer your crypto around, specially when there are fees involved and even if these are somewhat reasonable. There is definitely a lack of providers that guarantee protection against attacks - it is a great business model and I'm sure more exchanges will think about how to implement that. But yh, it is a difficult one to juggle.
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It has now been confirmed by Harvest representative that the attacker “ manipulated prices on one money lego (curve y pool) to drain another money lego [farm USDT (fUSDT), farm USDC (fUSDC)], many times. The attacker then converted the funds to renBTC and exited to bitcoin.” Source here. The key features are: - Harvest Finance was hacked on Monday for $24 million - protocol’s liquidity pools were the targets - attack consisted of an arbitrage attack using a large flash loan – a type of uncollatarized loan – - hack complete in 7 minutes All of the above factors go to show that this was a very quick attack and unsurprisingly a well strategised one. It also emphasises the thing we all hear about 'security', and how important that can be even at time when you think you're all set. Sad to hear that this has happened.
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To my surprise there are many people on here and on top of that there are some Crazy wins with new rollers coming in every minute. Check this out... Have you considered moving to a different casino or this is for sure the place where you find you have the most fun? Only asking out of curiosity btw
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To my opinion some of the most often mistakes that traders make is lack of risk assesment and greed
Risk assessment is so big that sometimes it can even go unnoticed by the untrained eye. The ability to spot if this trade as opposed to the alternative options is riskier but at the same time more likely to pay off is what bothers everyone. Even after making a decision that returns them a profit when the alternative might have given them higher returns - as you can spot the latter points at greed. The point to take home is that assessing how much you can afford to invest and how stretched you can get with that is of paramount importance when trading but at the same time it is also set at the individual level. And because of that nobody can give you a secret recipe, you just need to figure this out on your own, and it takes practice.
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You might not be crucified for this but you might be stoned to death. By the way, are you serious or just trolling? If you are serious then you are definitely be worth burning at the stake. Agreed Paypal is adding Ethereum, Litecoin, and Bitcoin Cash aside from Bitcoin. Ethereum, Litecoin, and Ripple could have been a better list.
I dare add my opinion on the upcoming list of crypto PayPal is proposing for the future and looking at it I'm not at all surprised. The one things that stands out is that clearly they're going for decentralized coins so perhaps there's a clue why XML wasn't one of the choices. It is all about trying to get on the train of cryptocurrencies, and not being left behind. This is all a global shift towards decentralised, digital currencies. Data suggests that among the Federal Reserve and the European Central Bank, or People’s Bank of China, now Paypal "a survey by the Bank for International Settlements found that 1 in 10 central banks, representing about one-fifth of the world’s population, expects to issue its own digital currencies within the next three years." Source here.
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In my opinion which one you choose as being more important to you depends on the type of mindset you have. For example, my thoughts have started to recently reflect more about the long-term benefits and in my situation I believe that BTC is more important than fiat.
Fiat is not pegged to anything, in other words it is not hard money (i.e. money pegged to gold) it is materialised instead by banks printing more paper and people looking at it and giving it value. In that sense it is not different from BTC which is 'money' that is created, and once in circulation people agree that it is valuable. So here, you can see how the two are very similar but the main distinction is the production method; fiat is centralised while BTC is decentralised. The way society is going, decentralisation would be come the bigger part and in that sense my opinion is that BTC is more important. BTC also means that unlike fiat would not suffer greatly should the bank system collapse as some people already predict.
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Eos, xlm and link probably have a shot imo. (but I'm not sure what chainlink does I just knew it got into the top ten)...
I commend you for having the guts to speculate which coins might be able to replace ETH. Eos is centralised and because of this it will not be doing well against ETH as it is today anyway, so that's not on my list. Link has been doing horribly and doesn't have the network that ETH has, so its wide adoption would be limiting it to becoming the next ETH. What I speculate the likeliest coin with the highest odds are is Polkadot; its adoption skyrocketed and its endorsement by the leader exchanges mean that this could potentially be big but whether is going to pull it off or not is a different matter. What do you guys think about this?
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The concept is good. People would love to bet on numbers. But the problem is the business model of this gambling site is very narrow and would soon be out of context. The site is new and I'd recommend anyone to be cautious while playing with new casinos. Specially when they have a primitive design and single concept. The social links don't work. The site is registered on 2020-10-23 for one year.
I couldn't agree more on how this is so fitting with a temporarily business model. It is true that this type of gambling is quite unique and fast responsive to the pandemic the world is in atm but there probably isn't going to be much scope beyond that. On the positive side, there could be a lot of people trying this out as we all know how much people enjoy speculating and validate their opinion. On the other side, though this is exactly why I am a little skeptic about this new casino. They know they won't be here for the long run so then you ask yourself what i their incentive to be running this legit??? Well, I am not going to be the person that will find this out.
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My idea was to start buying low and selling high.
This is the fundamental idea everybody has before even considering what to buy, so the fact that you're thinking the obvious is a good start However, sometimes you need to be very clear what exactly you mean by that as there will be times where you often don't know when the low/high it is, but you'll get to learn this with time. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.
Everybody has their own favourites, but I think to be safer it is best to start off with crypto that has been in the game for a while. By this I mean that it would be less risky if you was to stick to BTC and its closers derivatives like Monero, Ethereum, Litecoin as the tendency of these to do well is for sure higher than any other alts where you have no idea how they're going to react to market changes.
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Did bitcoin lose its value?
I'd say not at all, BTC has not lost its value otherwise it won't be pumping like it is now In the era of pandemic 2020, Federal Reserve Bank printed paper currency notes which ultimately decreased the value of us dollar USD. And in that period, Bitcoin btc was also stagnant and did not move much. So did bitcoin has losen its value with usd? If yes then similarly other fiat currencies like usdb, usdt etc. also lose their value with devaluation of us dollar.
The reason BTC was stagnant as you describe it, though I'd prefer to say less volatile, is because of buyer's confidence rather than an effect on USD depreciation as a result of printing more money. And by this alone you can already deduce that BTC hasn't lost its value as unlike the USD fiat which can be described as limitless (i.e. can print as much money as you like) depreciating its buying power, BTC is still more difficult to mine and the total supply is also limited, thus overall making BTC a scarce resource. And what happens to the value of a scarce asset? Well it grows...
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An update on the current High Roller's leading ranking where you can see how BTC has become the favourite coin to bet with. This is interesting, and probably reflecting the changed attitude people are building around BTC now that is started to show a 'green roll', maybe an attempt to acquire as much of it as possible or maybe it is coincidence. I certainly lean towards the former, what about you, have you changed your attitude to BTC and are you actively trying to get more of it be it through gambling or other means?
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New weekend challenge starts in a couple of hours (00.00 UTC). This time players must hunt for longest winning streak on dice at x2.5 payout. More information in this thread: https://bitcointalk.org/index.php?topic=5283800. Play and try to win prizes up to 8 mBTC Good luck! Just adding to the above that you must place at least 6 bets as minimum to qualify and only the top 5 with the most consecutive wins in a row will be picked (and for extra details see the link above). It would be interesting to see what the biggest consecutive wins in a row would be. I reckon there's a good chance for it to be under 10 Any other takers or views on this? - We all love speculating! Also, if this challenge isn't what you had in mind for the day, check out this link where you can find different daily promotions you could participate instead. And, good luck!
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The most recent Dice Leaderboard with surprisingly not that huge wins. This is only a suggestion but perhaps a race competition might be attracting more players into getting more involved
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PayPal into cryptocurrency is pure business and it isn't gonna support the adoption of bitcoin in the global market.
I actually disagree with you on this. PayPal is definitely helping with both increased awareness and adoption of BTC where the latter doesn't have to be direct purchases through PayPal but can be through other non-custodial places i.e. exchanges. Even if there might be underlying reasons tied to monetary values why PayPal despite initially disproving crypto has now decided to endorse it the movement has also initiated the new bull run BTC seems to be on. As to using PayPal for BTC, I think most early-adopters will know better than not to fall for this. I'm sure this new partnership (if you can call it that) means more identity exposure and possibly making you more of a target, plus the fees would be another matter altogether.
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Next time if you do not want a player to continue playing in your site, ban him. as long as he is not banned, you must pay him any money he wins.
The fact that this has sort of been brushed under the carpet without the casino owning to their values is what's distressing. I'm assure you that if a whale came and played on the platform while losing a lot of money i.e. 5 BTC there will be no dispute on either side, specially from the casino but when shit hits the other way the player's winnings aren't recognised. This only amounts to distrust of this casino and its reputation will suffer if this is not correct now and for the future. But in any case, communication and transparency is key. This is unfair to its player, and the casino should seek to rectify this, and amend its regulations in the future.
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