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I actually think that these two coins serve completely different purposes altogether, it's as simple as that.
I think that even Vitalik mentioned this previously. Bitcoin is a store of value while ETH can be seen as more of a place where smart contracts etc. can happen.
It's like comparing apples and oranges. Not worthwhile whatsoever. But market cap wise I certainly do not see ETH overtaking BTC any time soon.
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However they did list LocalBitcoins, and I think you now need kyc for using that now, but alternative LocalCryptos does not ask for kyc.
I think that LBC can be used up to an extent, much like Binance's model. Localcryptos also apparently had an IRS agent infiltrate and pose as someone else. Be aware, pay your tax obligations, and of course keep good records. I see a lot of people signing up for KYC-free accounts but then provide identification through the course of the transaction with another vendor. Makes absolutely no sense. |
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Schiff has absolutely 0 (zero) logic.
He has been a gold bug for decades and got lucky because he called the top of the GFC.
I don't know why that fool still has a following. He clearly has a vested interest in keeping gold and silver in the spotlight because of his own business, SchiffGold. He's like the guy who is selling shovels in a gold rush and telling everyone that there is trillions to be made in the precious metals market when BTC is clearly the future.
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I personally think that it'll stick around the $0.2/doge mark.
Don't think that it'll go back to the <$0.01 range for the time being given the enthusiasm and sheer community engagement.
But at the end of the day, this is a product which doesn't have much utility other than being a meme. Sure, that generates a deal of demand, but I'd rather park my funds in ETH/BTC over the long run.
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Did someone hack LocalCryptos or what?
Nobody hacked them, but I heard that some government agencies infiltrated that website and created one or more accounts so I suspect they are under some investigation including all people who trade there. They created account called Mr.Coins and it turned out it was controlled by IRS for catching small fish who avoid paying taxes or who knows what... it's really pathetic, but LC don't have kyc so something like this is expected. They even built 100% positive feedback and traded around $200,000 with 50 trades, so I would be extra careful trading from United States and suspect in everyone now. Maybe your incident is related with this event, so I would follow instructions that OmegaStarScream gave you in previous post and withdraw coins with other wallet.  source: https://www.forbes.com/sites/thomasbrewster/2021/09/01/irs-undercover-on-a-bitcoin-and-cryptocurrency-trading-site-in-180000-sting/Yeah, this is definitely a warning sign. Don't think that you can avoid tax obligations through these p2p sites. Deal with caution and care, don't ever reveal your identity, and try to use anonymous fiat payment methods when possible. Imagine if this was a fraudster instead of the IRS who is just collecting personal info and onselling it. |
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I wish mcdonald's and assorted fast food franchises would give out more food vouchers to those willing to stream themselves eating in their restaurants. It seems like a natural progression. With the advent of the internet and live streaming the trend may be inevitable. I think the novelty factor will eventually wear thin as people become desensitized to the advertising and hype.
If a streamer can gamble with $100,000+ and fail to profit. That could make for a good crash test dummy system.
I still think sports gambling is the best chance many would have for consistently being profitable in gambling. Gaming and dice aspects are too non-deterministic.
If they gave me $100,000 to gamble on sports & stream it. There's a chance I'll be walking away with more than $100,000. And that's how it should be.
Don't think that's the point here, though. It's about how the audience is getting the impression that winning is a lot more likely and easier than it is. Seeing a balance of $100k+ that is fake when you have just a few hundred dollars in your bank account gives you the wrong idea and you tend to think that you are able to make that same profit by gambling on the site that these people are promoting. |
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I'm not sure how effective it might be.
Despite the evidence that he has, circumstantial evidence simply won't hold up in a court of law, so it really depends whether his case is strong enough.
Also I'd be interested to see whether or not the court would uphold a debt in bitcoin terms or fiat terms. This could make a huge difference, seeing that BTC has skyrocketed since the time they stole the funds.
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I think that there is actually too much enthusiasm which is causing some attention to be drawn away from BTC into even more risky asset classes, causing prices to not be able to breach that psychological $50k barrier.
Just look at the bitcoin dominance ratio which is reaching all time low levels.
It's likely that we will be consolidating at the $40k-50k corridor for a while. Don't expect 6 figures within this runup, I'd say.
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Seems about right.
Gold is definitely something that bitcoin can absorb 100%.
Not sure about real estate or stocks. They are just two entirely different asset classes. BTC, as good as it is, cannot ever replace a PPOR. And it doesn't carry on business - it's just a medium of exchange, and hence it can never replace stocks as well. Those are a bit far fetched.
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https://www.sportspromedia.com/news/la-liga-betting-shirt-sponsors-2020-21-seasonThe new law has knocked down strongly all the preferred advertising options for betting business. They cannot, for example, be on a teams shirt nor celebrities from sports are allowed to promote betting houses or platforms. Also, the adds in TV can only be run late at night. Needless to say that is a torpedo on the finances of several teams and may affect their ability to recruit and maintain the right players. Teams directly affected: Alavés (Betway), Cádiz (Dafabet), Granada (Winamax), Levante (Betway), Real Betis (Betway), Sevilla (MarathonBet) and Valencia (Bwin). I'd imagine that the financial managers are going to be devasasted. Although this is nothing away from what is expected. Seems like a lot of countries right now are trying to crack down on gambling advertising. I personally think that the sportsbooks will simply find a loophole somewhere to advertise, e.g. online, and move away from the traditional merchandise advertisement. They're not a one trick pony. |
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Now from what I've seen people start for Fun make some money and keeps the cycle repeating until it becomes a habit and they start to think of it as a medium to keep making sustainable income which is not possible, I know some people from a community where they had the Story Line I shared above and even today they're unable to get gambling out of their mind.
And thinking if they can make 1000x of their deposit they would never play again, but we know what happens...
I agree. I think that some people get too caught up in gambling. They start off with the right intentions and treat it as a way to relax and rewind but degenerate into problem gambling whereby all they think about is gambling and they treat it like a side hustle. Horrendous attitude to have. Unless you have an advantage over the house (card counting, etc. which is becoming increasingly difficult these days with online play), you are not going to win long term. It's that simple. |
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NFT games are probably the best thing that fits your bill right now.
Another thing that you could look into is video poker, but of course you'd be playing against the house.
But with video poker you have a chance of getting meaningful edge on your side if you play everything perfectly which might be what you're looking for? That's also solved by algorithms but it's much harder said than done.
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For sure a good piece of news.
I think that if a deal was struck then there could be even better coverage of live events by these sportsbooks, which is definitely be exciting.
These large corporations are just waking up to the sheer size and importance of online sportsbooks - hopefully they recognize those in the crypto space as well.
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Bookmakers have agreed to an industry wide ban on credit cards apparently they are a part of an updated code of safe gambling practices introduced by IBA. Therefore if you do live in Ireland then you have to take care of these things. It will be both applicable in online and offline shops.
Probably had a few too many complaints from people who are trying to charge back their losses. It's nothing special I think and a matter of time before all other countries follow suit. Given that credit cards are reversible, it's simply not a good means to conduct wagers that are supposed to be the final regardless of outcome. Besides, credit card issuers shouldn't be allowing people to gamble on borrowed money in the first place. |
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It's funny because bitcoin is precisely the opposite of what they say it is. They seem to still be stuck with their myopic vision of fiat.
I understand that they are frustrated with the wave of potential immigrants that will be flooding the country, but really this is good for the local economy.
The people who are going to be granted visas are likely going to be innovative and carry forward looking values and a ton of capital from their crypto assets. El Salvador has a real opportunity to capitalise on here.
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So, we know there are a lot of people out there, that are getting money from casinos to gamble and to Stream that online. It is no secret and widely known and a lot of discussion is currently happening, since Twitch has clamped down on some of them. https://www.wired.com/story/twitch-streamers-crypto-gambling-boom/https://logincasino.org/article/how-much-do-twitch-streamers-make-on-casino-partnerships65068.html <== Top Streamers make from $100 000 pm. Now the question is this.... If Casino's give a lot of money to certain people to gamble and Slots are based on a combined "Pool" of money to make up the RTP for an individual Slot... are other non-paid gamblers not competing for wins against the "House"? When you gamble on say, "Fruit Party" and your bets goes into a "Pool" for someone to win big, are you not funding the big wins seen on these Slots by gamblers that are being paid to play? (What risk do they have, if they play with the casinos money?) Syztmz (Streamer not using Affiliate money) had a heated discussion on his last Stream about him having to compete with his own money, against Affiliate Streamers that are using Casino money. ( I think he lost something like $100 000 on his last 13 hour stream session ) So what do you think...? Is this fair or not... let's make this a good discussion. (Ps... I merit people for constructive posting)  I'm completely on the side of Syztmz here. I think that it is absolutely absurd that people are able to play with fake money and pass it off as if they were playing with their own money. It's not only unfair to the other streamers who have actually put their own capital at risk, but also misleading advertising that could potentially get people into deep trouble. People like xposed on Twitch are notorious for this stuff and good thing that Twitch is starting to crack down. |
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Sportsbet, Stake, BitSler, can't go wrong with these three.
Nitrogen has had issues over the past few months so it's best to avoid them for now.
Cloudbet and other established entities have been around for a long time but have had their fair sure of accusations. So probably also avoid playing there with a large sum of money.
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I'd be interested to see what the actual proof is, though. I'm not sure if I'd trust a random twitter account over CZ.
Although I do agree that Binance has engaged in very risky behaviour over the past few years to ride the crypto boom, and their apparent disregard for regulators was one of the things that got them here in the first place.
Would definitely be interested to see the "proof" if there are any. For now let's not jump to conclusions.
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Yep, bitcoin should be considered to be an entirely separate asset class in my opinion.
You'd be pretty stupid to park your wealth in fiat alone, given the fact that it is guaranteed to depreciate over time.
Decentralised crypto projects that have recently sprung up are better, but none of them have the recognition/stability that BTC offers. I truly think that we're very close to seeing BTC as a global reserve currency that is an integral part of any portfolio.
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NO! I think Bitcoin proves that "no" in this case! People who benefited the most from crypto are not rich people, I believe the people who benefited the most are the people who believed in technology, people who had a passion for technology and awareness of what crypto can do in this world, and that's to change it from roots!
Now we can say it's not only the Bitcoin that proves it, but we also have many other coins started from scratch and just with dedicated developers, loyalty supporters, they are now where they are...
In the beginning, there wasn't money involved, just passion and hard work! That paid off too many, and it's still paying off... and it's not late to join, I think crypto only scratched the surface, there's a lot more to be done!
But the people who benefited the most had no immediate needs that they had to fulfill, which allowed them to hold onto their investments in the first place. A poorer individual may recognize the potential of the technology but not be able to hold onto their position for extended periods of time. I completely agree with OP, and I think that this past decade has really benefited those with patience and with wealth. Both patience and an existing stable wealth seem to be prerequisites for successful investing no matter what field. |
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