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Evolution is something that gets derived from existing things. So it's quite normal to say that Satoshi would have used existing technologies to create bitcoin.
Even today, websites are being built on existing technologies and we all still use them at our convenience.
It's the effort of putting in the extensive research and hard work to build a finished product out of the raw material.
Satoshi has pretty much done the same thing to create bitcoin.
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By using the bots, there will be no fun as you will not be gambling. Its the bot who will gamble on your behalf and you will earn/lose money.
Obviously, that's why the user used the bot to gamble the money on their behalf. What's the connection between it on the fun part? If it's winning or losing in the end, then that's the question and we don't know the result at the end. Users considering using bots not actually to make income out of it but just to follow a certain algorithm that the users want to apply to that game. Gambling has a big connection to the fun part too. There are gamblers who gamble to have fun and entertainment. Gaining money from gambling is a secondary thing for them. I am referring to those types of people as they will never prefer to use bots and will always prefer to play themselves and have fun  You have a point. There are people who gamble just for fun and I think using bots they will miss out on that part. At the same time there are people who play to earn money and bots help them in this by placing the bets for them. There's also a third category where people have fun by using different strategies to find out which works for them. So bots can be used by these people too and I think it completely depends on the individuals choice whether to use bot or not. |
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Anyone placing bets on bitcoin or ethereum price prediction this month ?
I am going in for ETH price bet as the returns are quite delicious.
But at the same time the market is highly volatile and it's tough to predict whether to go bullish or bearish for the price prediction.
ETH is more volatile and its reliant on BTC pretty much anyway. ETH has events upcoming which could complicate it, seems too much random to me. I have one simple idea, BTC breaks out and I get a nice odds return from that. Vice versa we can also move down alot unexpectedly but thats all we expect recently and I think its over done, we might get a new low eventually but in these few days left I think probably not. I agree. The price of Ether had jumped more than 30% in the last seven days. By the end of the month, we might see an even bigger swings in either direction. My bet is on BTC only so we'll see how that goes. I hope to hit the right range at least once.  I think it is still beneficial if we bet on stable token like FUN And sports bets. This is out of bad experience from past where bitcoin and ether are fluctuating tremendously and I am not able to catch break with these two buddies. Though I was able to BEP last month just because I bet on two levels of pricing. But to get bigger pot back to our pockets we need to bet on single bet for every cycle. Those who consistently betting will understand my concerns. Happy betting. I have placed my bets on ethereum and targeted a range of 1250-1750. At first the odds were really good but it seems that the odds have decreased a lot now. Below are my betting range with the odds. I have bet 1000 satoshis on both the ranges so that even if one of them wins then I still get a decent profit.  |
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That's a valid point. In fact many NFT groups have been trying to do a rug pull everyday which makes us question NFT projects severely.
On the other hand, discord is the scammers playground so there are high chances that the discord channel might not last long.
Anyway, the concept of owning an NFT to join a betting group seems unique and I wish the project a success.
Telegram and Discord are full of scammers. And I agree with you, it sounds like a good enough concept but they need to integrate the NFTs with the services they provide somehow and make them as decentralized as possible to justify the minting and sell, otherwise this sounds like a cashgrab. [/quote] Yeah, if the team somehow creates a smart contract of some how creates a decentralized way for using NFTs to join their discord then may be there will be some scope to the project. Otherwise, people will just declare it as a cashgrab project and move on with it. Also, they need to decide what they will do with the members who are in their discord group but then they sell their NFT to others. Will they still be in the group or will they be removed. That's a challenge for them and I think it will be tough for them to figure a way out. |
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...But again, things could have gone the other way around and so I am not complaining holding on to my coins because there's no loss until we sell at a loss.... Very often we learn about sale or buy by major players after the market has changed. An example of this is the sale of bitcoins in June by Tesla for $29000, which we learned about only yesterday after the publication of the company's financial report. In this case, it would be a good opportunity to buy back what was sold at a lower price. May be they did buy bitcoins at $20k and may be that was the reason behind the current pump to $23k. We never know what these large institutions are doing unless it is announced publicly. All we can do is wait for such opportunities to dill our bags. We should try to buy whatever we can at such dumps. Only then we can accumulate profits when the market go back bullish While institutional investors make all kind of movements that are simple impossible for us I think it is better to concentrate on what we can do with our limited resources, and right now the price of bitcoin is still very attractive, maybe it is not the bottom we saw some time ago but whenever you can buy a good asset for a discount larger than 50% that seems like a good entry point if you ask me, and the best of all of this is that I think we are going to see the bitcoin price remaining below that threshold for a very long time, so we will have enough time to accumulate as much bitcoin as we can before the next bull run and in that way increase our profits. Absolutely. As long as bitcoin is low we can accumulate more number of coins which will in turn give us more profits in future. But then again if we just keep holding it then there are zero profits so I think we must plan accordingly to sell and buy back at lower levels. At the same time I also wonder that more number of people buying bitcoin at lower prices will in turn create more number of sellers when bitcoin reaches ATH again. So the impact of the dump will be higher the next bitcoin reached ATH. |
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Most countries are giving excuses and reason for banning Bitcoin is because it can easily be used to fund crimes.
But I think they are afraid of losing control of their citizens' financial activities because they believe being the ones regulating financial activities makes them powerful.
What are your thoughts
Banning bitcoin because it is being used for criminal activities is the most rubbish reason I have heard of all times. It's like fiat isn't used for criminal activities at all. In fact the fiat cash used for criminal activities cannot be tracked at all. So it's kind of obvious that the government is afraid of losing control which is the reason why many governments are restricting the usage of cryptocurrencies in their countries. |
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Couldn't it be just another manipulative movement from Elon Musk to play with market's prices? He expects to be followed by big investors on his steps, so when he announces he is going to sell bitcoins or has sold bitcoins, others will simply do the same, dumping the price even more, therefore Tesla and Musk can buy bitcoin again much cheaper and increase their holdings, wealthy and influence.
Tesla has been accumulating bitcoin since a long time and it's hard to say what would be their average buying price. May be it can be less than what they have sold for or may be it can be more than that. But if they are thinking that by selling now they might get the opportunity to buy back lower then it's a huge risk for them. Currently bitcoin price is holding steady at $22k and if BTC holds well then it might cross $25k soon. Tesla might miss the boat to buy at a lower price and I think they should have sold above $40k itself to buy back lower. |
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NFT BETTING CLUB(NBC) is new and unique collection on Ethereum network.
It consists of 777 NFT-s which are entry tickets to closed Discord group which will provide best informations in betting world.
...
Since Discord is a centralized platform I believe there is no warranty that group will not eventually disappear or get closed in the future, undermining the only use of those NFT's your are promoting. Anyone interested in these NFT's please do your own reseach and be careful about this kind of services and its terms. That's a valid point. In fact many NFT groups have been trying to do a rug pull everyday which makes us question NFT projects severely. On the other hand, discord is the scammers playground so there are high chances that the discord channel might not last long. Anyway, the concept of owning an NFT to join a betting group seems unique and I wish the project a success. |
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Anyone placing bets on bitcoin or ethereum price prediction this month ?
I am going in for ETH price bet as the returns are quite delicious.
But at the same time the market is highly volatile and it's tough to predict whether to go bullish or bearish for the price prediction.
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...But again, things could have gone the other way around and so I am not complaining holding on to my coins because there's no loss until we sell at a loss.... Very often we learn about sale or buy by major players after the market has changed. An example of this is the sale of bitcoins in June by Tesla for $29000, which we learned about only yesterday after the publication of the company's financial report. In this case, it would be a good opportunity to buy back what was sold at a lower price. May be they did buy bitcoins at $20k and may be that was the reason behind the current pump to $23k. We never know what these large institutions are doing unless it is announced publicly. All we can do is wait for such opportunities to dill our bags. We should try to buy whatever we can at such dumps. Only then we can accumulate profits when the market go back bullish |
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I would deny that because I think that younger generation is more aware of the pros and cons of cryptocurrencies.
So I think they might instead support cryptocurrencies and make it legal in their countries.
If I were a person of political power then I would definitely make crypto legal with some regulation that supports it's growth.
Where the government or anyone has no control over cryptocurrency even no one can control it in any way. In that case there is no end of bitcoin. If the government wants they can restrict it but does stop it. The Bitcoin market is currently in a bit bearish, but it is temporary. As it has been adapted by the younger generation its demand will always increase. I agree with that. As long as the younger generation is interested in bitcoin and cryptocurrency as a whole there will always be a demand for it. Since bitcoin is decentralized there's nothing that can stop it. The governments can ofcourse regulate it or some can even ban it but they can't stop it functioning. So as long as we all are here bitcoin is here to stay. Keep hodling. |
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Hi everyone, about a month ago I made a post about having insider info for a soccer match and I asked the community what the best way was to take out a large loan. I had a lot of people advise me not to do so, so I took your advice and didn't take out a loan, instead I just placed the amount I already had in my account. Anyway, the bet won easily so I couldn't help but feel like I should've taken out the loan...  I wanted to share a match on here in case anyone wants to follow along, I'm unable to place a large bet on this so I'm hoping someone else takes advantage. I hope this isn't against any community guidelines. FINLAND
Ykkonen
11:30 AM ET
Jaro vs Ekenas
Asian Total
Over 3 @ 2.14
1st Half - Asian Total
Over 1 @ 1.65match link: https://www.flashscore.com/match/vFo3COwn/#/match-summarytelegram: jonmari7 You did a good thing by not taking the loan for gambling and I will tell you why. There are 2 outcomes that would have happened. 1. You would have lost the bet and hence you would have to pay back the loan with interest. 2. You would have won the bet and it would have boosted your confidence. You would repeat the same thing again and keep taking loans for betting. But then at one point you would lose a big bet which will cause you a big stake. It would have caused a physical as well as mental damage to your health. |
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I don't think spammers and scammers are much of a problem and personally I wouldn't care too much about them - few good admins can get rid of them and keep the group clean.
I thought OP's idea was good and many users will be interested in it but after three months the tg group still have only 49 members and they are not very active (few posts a week!). So, it appears I was wrong and the community is not really interested n such projects.
I see that the group is currently having 51 members. Although I haven't joined the telegram group yet as you say few posts a week may be the reason why it is not attracting more people. For any group to get popular it needs some kind of regular activity and if that doesn't happen then the group just dies in a couple of months. So I think OP needs to bring in more activity and interaction so that the group gets more people in it. |
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I guess I am having some technical issue with freebitco.in. I bought 2500 FUN tokens which is on the day of the database crash and for some reason my BTC were deducted by didn't receive the FUN tokens. Thanks to TheQuin the issue was resolved and I got the FUN tokens in a few days. But I haven't received any WoF spins since 9th and I digged up the transaction history today to find out a refund of 2500 FUN tokens. The premium benefits page is showing 2 levels which must be for the FUN tokens I bought but I am not getting an additional WoF psin. I used to get 3 spins earlier and it's still the same. Has anyone else faced this issue ?    |
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Three weeks ago, I liquidated 10k from my stock portfolio into my bank account. My plan was to dump it into Bitcoin as soon as it dipped under 17k. But now, for the first time since I got into crypto investing in 2017, I'm having major doubts. I'm beginning to wonder whether Bitcoin has a long-term future, now that much of the world's nations are caught up in this 'climate' hysteria, and want to ban proof-of-work protocols, like Bitcoin, which they claim is harmful to the environment. For example, the EU recently held a vote to ban proof-of-work mining across member nations*. Thankfully, the vote failed, but this wasn't the first time they attempted it, and I don't think it'll be the last. Eventually, as younger and more 'progressive' individuals enter positions of political power in Europe, my guess is that they'll succeed. And, once they do, the other chimpanzees in countries around the world will follow them, potentially causing the demise of our beloved cryptocurrency. Thoughts? * https://www.coindesk.com/policy/2022/03/14/proposal-limiting-proof-of-work-is-rejected-in-eu-parliament-committee-vote-sources/I would deny that because I think that younger generation is more aware of the pros and cons of cryptocurrencies. So I think they might instead support cryptocurrencies and make it legal in their countries. If I were a person of political power then I would definitely make crypto legal with some regulation that supports it's growth. |
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We have heard of several countries that are embracing BTC, and even in it's falling state, some want to partake of it. It's quite an impressive initiative that the Swiss Post office, through it's banking arm, PostFinance, are taking to offer crypto services to it's customers in response to their demands for it. The plan to introduce this service will be the first of its kind as it aind to independent from other banks and operations will begin from 2024. Despite it's fall from it's all time high price of 69,044.77 in Nov of 2021, the need to venture into cryptocurrency was necessitated by citizen's demands. . Our clients want direct access to this market through their house bank. Given the growing institutionalisation [of cryptocurrencies] in the last 18 months, this is the ideal time to enter the market, Sandra Lienhart, head of retail banking has this to say. This move will go a long way to helping Bitcoin go global and I expect to see more people who were less welcoming of it to have a change of heart. What do y'all think of this? Your thoughts. https://finbold.com/swiss-post-office-to-offer-crypto-trading-and-custody-services-by-2024/It feels good every time to see bitcoin being adopted at various places. Although the adoption rate is very low for now, I hope it increases and is widely adopted throughout the globe. The fact that this news is coming at the times of a bear market is more surprising and contributes toward a positive correction. |
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In the given list the most important factors that I consider as a threat to bitcoin are the cost of production and regulation.
I wouldn't say media coverage because in this world of internet almost everyone is socially connected and the news are spread instantly across the globe.
Whether it be a positive or negative news the coverage is across the globe.
On the other hand the cost of production and regulation are real threats to bitcoin which causes a correction every time it impacts bitcoin.
All the other factors drives the price of bitcoin upwards.
In my opinion, the government is the biggest threat to bitcoin's growth, if all governments regulate or ban it, then bitcoin's growth and popularity will be hampered. The government is a significant influence on many people's thoughts, if they declare bitcoin as a valuable asset, people will definitely rush to buy bitcoin but if it is declared illegal, people will surely take precautions and don't use bitcoin even just to try. Don't you think that's an irony. Bitcoin was created just so that people can own their money and become aware of the fact that how centralized the traditional fiat system is. Governments are controlling it and bitcoin was created so that the government doesn't control it. So in a way, bitcoin was to be adopted by the people without the approval of government at first place. So even if the government declare bitcoin as a valuable asset or not, it's value will and should be derived by the people demand. |
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Currently, the market is falling almost everyday and just as when we think that prices are recovering the market falls further.
So as per the current situation it is best to hold whatever we have and wait for the prices to settle.
We will have to wait until the bottom is reached and a reverse trend starts and may be then we can think of start investing again.
Every day the crypto market is moving a little bit, when the market goes up it seems like a bull run has started but in reality it is not. Right now I see no option but to wait for the crypto market to go downIf you invest in this situation then the possibility of loss is high so to avoid loss you should wait for the market to go down. Looks like we are seeing some mild gains this week. It's good to see the market go green after so many days. I hope the rally doesn't stop below $30k but at the same time we all know that a correction is incoming. May be we will see a correction next week or just before bitcoin touches the $30k target. |
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snip
If we go through the history then we can find that, in Hinduism, gambling started much before the Mahabharat which started around 3139 BC. In fact, gambling had a major role in the cause of the great war. So we can say that gambling has it's roots at ancestral level. It's mind boggling to see how much gambling has evolved. And there were some cruel incident attached to the gambling as well. Like barter deal - giving goats and other animals or even the daughters/ women. The gambling was and is the game which excites the people a lot. There were many ways how it evolved. But it did. is this really involving in gambling ? animals and even Daughters? in what kind of gambling was this for them to bet their love ones? I am interested in this to understand because indeed there are addictions and hard times in gambling but to use people as bet? that is not a best interest lol. Yes that did happen. Back in those days people used to bet their wives too which is like insane. At least that's not happening these days or may be it is  But this shows how corrupt our minds can be if we over gamble. So gambling is a responsible thing and it should certainly be in our limits. |
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Hi TheQuin, Although I have received the FUN tokens in my freebitco.in account for some reason the premium benefits have not been activated yet. I saw the FUN tokens yesterday in my account so thought to wait for 24 hours just in case the benefits take that much time to be activated. But it's been more than 24 hours now and I don't see any email regarding the premium benefits nor an increase in WoF spins I receive everyday. Not complaining but just asking the status on this and how long it might take for the benefits to be activated.  TheQuin went to the forum, did he solve your problem? Share here with other users. Everyone is worried about the solvency of freebitco.in The problem isn't solved yet since the premium benefits are not activated yet but I feel it's okay. May be freebitco.in is having some technical issues at their end and we should probably be patient and wait for them to fix it. Complaining won't help here. It's better to stay calm until freebitco.in is back on track. |
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