You're diversifying for sure.
However, I'm not sure whether or not it's necessarily a good idea to invest in two coins that are completely opposites of each other. That could potentially mean that any gains in one of the coins can be offset by losses in another coin in your portfolio. I'd rather pick a sector which I think has potential and diversify within that sector.
Also, you're not completely eliminating the risk that one of the projects will go rogue. This indiosyncratic risk will always be there.
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I sold my Bitcoins through Paypal Friends and Family payment thinking it would be "safe". I was TOTALLY wrong. The scammer issued a chargeback claiming it as "unauthorized purchase". I sent all the chat logs and the screenshot of the Paypal payment from the buyer and the receipt from Paxful including PGP signature, but I doubt if I will ever win. Feels so sad that this BS has happened in the end of the year. I'm stuck between either paying the chargeback or closing my bank account and debit card, never using Paypal again.
The perceived safety of Paypal FF is honestly blowing my mind. It should come as no surprise to anyone that Paypal payments, whether or not it is sent as a friends and family payment, are reversible by every means. And with paypal's track record, it is very likely that they will always side with the buyer side. Which leaves you, the seller, significantly out of pocket if people do chargeback. And given the history of Paypal, it is a favourite of those who choose to be unscrupulous.
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It's very difficult to be able to uphold the bounties to the level that we do with other contracts, but there is absolutely no reason why people should be getting underpaid or not paid at all for their work when they were promised pay.
As you say, it is probably a good idea to stop advertising for projects that have very little prospect of having legitimate development in the future. Advertising for them will only perpetuate their idea that bounty hunters are essentially free labour.
I wonder if there will be a union structure in the future set up for hunters, that would be interesting.
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It's a bit of an oxymoron to mention "airdrop" and "high ROI" in the same breath.
You simply can't find good projects that are willing to airdrop coins these days. The only people airdropping are the ones who know that this is the only way they can possibly promote their coins and they have no budget for marketing otherwise, making their project basically doomed from the beginning.
Also, PoS coins are way too overhyped. People when evaluating them don't take into account the high inflation rates that a lot of them carry but instead focus on the nominal returns.
I'd highly suggest that if you want to look at PoS coins, at least look at well established ones, like NEO, which I think will have a strong recovery.
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It's next to impossible to call the top especially when we don't know exactly when the bull market will actually start. Historically speaking, the year of the halving doesn't necessarily translate into the most bullishness. We see the most bullishness around a year and a half after the halving event.
That can be seen in the 2013 and 2017 bull markets, which were preceded by halving events.
So personally, I don't expect this year to be overly bullish although I do agree with a lot of the predictions as to the minimum price. There is a lot of support at the $6-7k level that has seen rebounds from time and time again which will be hard to fall under from a long term perspective.
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If we were to go to a 100% bitcoin currency system. The banks and governments would loose control of whole financial system. The present governments would loose control.
Therefore a new system would be needed to run each country. What do you think would be the new body of control? How could this work? What type of system would be put in place on this.? I don't think the people can control themselves as too many minds and ideas of where things can go in a direction. Therefore you still need a council or kingdom of control.
your thoughts.
It is very unlikely that this type of scenario would even come close to becoming reality. The fact is that BTC is likely going to continue to coexist alongside prominent fiat currencies, instead of actually replacing them as some people suggest that BTC is able to do. While it could be possible that BTC can act as an interim currency for crisis stricken countries it's very hard to imagine BTC replacing fiat altogether, at least in this current international structure. It could become a global reserve asset, but I don't think that it'll come close to the new order that you describe.
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This may actually be a positive development.
Gamblers who are inclined to bet on credit probably don't have the rational mindset that are needed to make decisions in the first place. Anything that they gamble on casinos with credit is likely gonig to result in longlasting losses that they can never dig out of.
That is obviously bad both from the perspective of the gambler, and the card issuer - by explicitly banning this act everyone benefits.
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I mean, it's good that they're trying to step into this market when other competitors such as LBC haven't yet taken anything to put forth a product to attract bigger traders in terms of trading volume, since everything essentially is charged at the same fee level of 1%.
However, the OTC scene is already very vibrant and I don't see much reason for traders to necessarily switch platforms.
This is probably more focused on medium scale traders than the actual large scale, institutional investors who trade amongst each other.
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I would highly suggest that you actually seek some legal aid in this case, and not just base yoru decisions off what people say.
There are a lot of jurisdictions which seem to have very lax regulations when it comes to operating a dice site or whatnot, but just because a casino right now is located there doesn't mean that it is legal to do so. There are a ton of unregulated casinos in the cryptospace that are up and running (and popular, for that matter), that aren't necessarily compliant.
It's much better to do your own research, and hire a law professional.
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Possible? Absolutely.
We've seen how much BTC rallies throughout history especially during halving periods. The last bull run in 2017 basically left BTC more than 50x from its $200-400 lows to nearly $20k on most exchanges.
But is it likely, or even reasonable to expect? I don't think so. There is really no strong, unquestionable evidence or argument, or even analysis that can possibly prop it up. Even John McAfee has ditched his outrageous predictions. It is important sometimes to not extrapolate from past performance, since we exist under an entirely different set of market conditions now.
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The only real reason why someone would a coin other than BTC willingly is for the confirmation times. However, that can be very easily circumvented through accepting certain high fee, low risk 0 confirmation deposits.
Or, that person is a long term holder of the said token, which is rare.
As a casino you really don't need to diversify your accepted coinage outside of a few prominent cryptos. BTC is a must, and it goes without saying. ETH, XRP, DOGE, LTC comes next. There's no point having a bunch of coins that no one is going to use that is hard and expensive to maintain.
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I've placed around 20 or so bets on the platform, everything went smoothly, there were no major hiccups. Sometimes there were lag in the system and the odds displayed were somewhat skewed, e.g. when I bet 0.0001 BTC against 0.0001 BTC, the expected payout should have been 1.95x but the displayed odds were 1.45x for some odd reason. I still got 1.95x in a win, so it's probably just a frontend issue. I'm very impressed in terms of the quickness of the withdrawal and the responsiveness of the team members, at least on the forum. I did manage to turn my 0.0003 BTC to 0.0013 BTC before withdrawing, which probably can be attributed to beginners luck My suggestions would be as follows: a) Have some sort of house game to ensure that gamblers are able to bet against the house when there is no immediate liquidity on the 'books' in the p2p game. b) Somehow encouraging bettors to contribute to the liquidity of the books as opposed to "sniping" the pots, perhaps by having a 'maker' rebate similar to a derivatives trading platform if one contributes to the pot in the first half of the minute. c) Have a better index, other than just Binance which can be manipulated easily. E.g. using the index of bitmex/deribit which is a weighted index of a lot of exchanges. d) Have more currencies, e.g. ETH with less time. A lot of binary options offer 30 sec-1 minute game modes. But overall, games are fast, snappy, and exceeded my expectations for sure. I love the community oriented aspect as well. Keep up the good work, I'll certainly be in touch with the site.
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It's nice to see a game that is not just dice/roulette/plinko and the old boring stuff.
I remember when there were sites like Mybitmine and Dragontale was still popular in the gambling world, and it brought with it an excitement with playing the game that is more enjoyable than just the gambling aspects alone, since they would also incorporate levelling and social aspects.
Looking forward to where this project is headed. Hopefully development team does do a good job with it.
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On Deribit (and I think Bitmex also, but I'm not entirely sure since I don't use them), there is a parameter to your position that states the liquidation price, i.e., when your equity falls below the maintenance margin, under which you're forced to liquidate your positions.
However, what I've found is that this price is only indicative of when liquidation STARTS to occur, and not when you're actually fully bankrupt and all your positions are liquidated.
Is there a way to calculate the price at which that occurs? Is liquidation a linear process or dynamic according to market conditions?
There's no way to calculate that because it depends on order book liquidity at the time of liquidation. It also depends on volatility because Deribit does incremental/partial liquidations. When margin balance drops below maintenance margin, they liquidate 12.5% of your position at market. They stop auto-liquidating once your equity is higher than maintenance margin again so you won't necessarily get fully liquidated.On perpetual swap or futures, maintenance margin = 0.575% and liquidation fee = 0.5%. So in theory, assuming there is adequate liquidity, Deribit would let you keep leftover maintenance margin (up to 0.075%) if your position was completely liquidated. Bitmex takes it all no matter what. https://www.deribit.com/pages/docs/generalhttps://www.deribit.com/pages/docs/perpetualhttps://www.deribit.com/pages/information/feesThanks for the response. Just out of curiousity, though, has there practically been any scenarios where a position has not fully liquidated after the first 12.5%, and somehow came back at the end to reap a profit? I've personally never experienced it given that BTC markets are extremely volatile and thus can create a flurry of dumps/pumps within a single candle. Also, from your perspective, would you recommend holistically Bitmex or Deribit for trading?
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On Deribit (and I think Bitmex also, but I'm not entirely sure since I don't use them), there is a parameter to your position that states the liquidation price, i.e., when your equity falls below the maintenance margin, under which you're forced to liquidate your positions.
However, what I've found is that this price is only indicative of when liquidation STARTS to occur, and not when you're actually fully bankrupt and all your positions are liquidated.
Is there a way to calculate the price at which that occurs? Is liquidation a linear process or dynamic according to market conditions?
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https://bitcointalk.org/index.php?action=profile;u=2744542;sa=showPostsSeems like he bought a copper membership just to do this, he's spamming his links everywhere across the forum for the past hour. Anyone considering visiting this site should know that a) Products on there seem to be vastly illegal b) There is no guarantee of the legitimacy of the hsite.
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They don't sound that interesting to me.
Decentralised healthcare, bridging the gap between fiat and crypto, etc. etc. are all ideas that have been explored to death by countless projects beforehand. Unless they are actually serious about innovation and have a plausible roadmap and team to back it up (unlikely, since basically everyone in the ICO market is here for the money and the money only), I don't see their fate as being any different to the other predecessing ICOs.
I could be wrong. They could all blow up and become great projects. But from what I've seen that is EXTREMELY unlikely.
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Start buying the dip guys. Now is the moment ⏱️ to accumulate for BTC halving. Don't miss this low. I got orders from 8,3k to 7,9k. Going lower than that it will be difficult. But who knows. I still have some cash left in case it goes lower. Be greedy when others are fearful. ⚠️ Maybe you will see that I'm new in this forum, but that doesn't make me a newbie. Read the topic I wrote called "Backbone analogy for BTC current & future price movements" where I predicted that this dip would happen. And of course this is only my personal view. Make your own responsible choices. Good luck! Indeed, I think that we're currently entering one of the last accumulation zones for rational buyers in preparation for the upcoming bull run. The support for BTC at $7k is very strong as demonstrated by the quick rebound as soon as BTC dipped under that level just a month or so before. The sentiment within the market quickly turned from bullish to bearish just because of this recent downturn, which I think is quite an overreaction. There is really not much room for BTC to go down further. Anyhow, I wouldn't recommend entering into leveraged bets. Just stick to the fundamentals by dollar cost averaging and accumulating when you can, and don't spend all your liquidity at once.
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-snip-
That is exactly what I'm looking for. Correlated parlays are parlays that allow you to bet on a single outcome but leverage your position, if i understand correctly. While what I'm looking for is more of a way to bet on different outcomes that are not necessarily correlated to each other, but on the same match. Seems like that I'm out of luck though since I don't want to play on fiat sportsbooks (they seem to ban people on impulse and restrict accounts arbitrarily).
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