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What are the advantages of a linear product compared to what Deribit and Bitmex offers? Their products are not fixed to a BTC value per USD rise in value, correct?
Also, 200x leverage seems like a very high leverage to be offering. Most derivatives trading platforms only offer up to 100x.
While this could be an attractive feature, do you guys have sufficient funds in terms of "insurance" like Deribit's insurance fund in order to compensate for periods of high volatility where positions can be liquidated on a very rapid basis without warning? With such high leverage, it could be difficult.
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This is not good, how did it happen?
"BitCasino.io's investigations have confirmed that their third-party email software Customer.io was compromised, which resulted in fraudulent emails being sent out to a pre-defined group of players" They should refund the people who fell for the scam. It was their responsibility to keep their mail servers safe, they failed to do so, and resulted in a monetary loss of their customers. Besides, the amounts lost were completely trivial in the grand scheme of things so it would be good PR for them to do it. Not that it is their duty to do it, but acknowledging the situation and reimbursing losses instead of just glancing over the issue is much more sensible. Ofc, certain protocol would need to be followed to ensure that the perpetrators themselves are not taking advantage of the situtaion. But yeah, I've never seen any gambling site directly ask for funds through an email in return for more money. If you receive such a notice, it is 100% a scam. |
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I highly doubt that bitcoin is going to dip down that much in the meantime. However, I do think that a short term period of suppressed activity is going to follow after this dip from the $14k range.
As a result, I've stopped all my longs long ago, but I've also cashed out my shorts recently because markets could reasonably go either way and it's extremely difficult to predict which way it'll be.
I don't think that a recovery to $10k+ is going to be likely in the short term, although possible, since there is now clear resistance at both $12k and $10k that would prevent prices from catching up any time soon. A likely scenario would be sideways movement at the $8k level before BTC tests support at $7k, although $5k seems a bit too low of a regression.
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The adjustment was imminent. Alts were quite hyped up back in 2017 when the bull market happened where the bitcoin dominance index was essentially artificially low for a long while because of the fact that people were looking for cheap and quick profits. This is a different era altogether now. Institutional investors seek to invest in BTC more than anything, which is most likely why there is so much more demand for BTC in comparison to alts. But some alts, like ETH, LTC etc. I think are undervalued in accordance to their long term averages, and could see bull runs sooner or later. |
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I am recently watching videos about investing and financial freedom. I usually hear people like Tony Robbins say that compound interest is such a great thing. It is a wise way to invest your money for a long period of time. I have heard it from several others as well. But I have no idea which investments give us compound interest. I was hoping if you guys know about it and I would be very happy to be educated about it. I am in my early 20s and want to make right decisions for secure and prosperous present and future. I would really appreciate your words and advises. Thanks
Have a think about what you're actually investing in before blindly deciding to do so simply because you can "compound" your investment. Sometimes earning simple interest or capital gain can far outperform interest that is compounding but low. Essentially, anything can be compounded if you simply reinvest your earnings back into the investment vehicle. Equities with dividends, bonds with coupons, anything of that sort. Again, the frequency of compounding and the ROI figures should be what you look at, not just a binary yes/no. |
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I once came across an article where it was stated that over 60 percent of most crypto transaction were used for betting. I don't see anything wrong with that. But don't you think it portrays crypto in a bad way? Firstly, I'd love to see sources. What are they classifying as betting/gambling? I bet (no pun intended) that it is a much wider definition than what most people are familiar with. Secondly, I'd say that if you look at any fiat currency, the majority of transactions are by volume are probably also flowing in the financial sector. If included, it could be classified as financial gambling. What people do with their coins is none of our business, and whether or not coins are used to gamble shouldn't be our problem either. With mainstream adoption increasing, this problem will solve itself anyhow. |
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I disagree. I know that domain name is an important factor op, but the best asset for a gambling startup is its marketing ability in my opinion followed by low margins and house edge and great customer support.
Sites like Sportsbet.io have managed to draw in many customers thanks to their signature campaign on bitcointalk which is why many startups like Mintdice, Wolf.bet etc are following its lead in order to attract traffic. In my opinion, this is the best method of attracting gamblers to crypto gambling sites.
You may disagree but statistics also disagrees with you. Again, how can you talk about the importance of marketing and still play down on the importance of quality domain name? Are you aware that 70% of people who clicks on your signature adverts never signup straightaway? Some of them memorized the domain name to come back later and signup. This is where quality, memorable, .com domain name plays a key role in your marketing. If you mess it up, you will be losing out of returning customers. Even Sportsbet.io knows quite well they are missing out greatly from the lack of .com version of their name. They are simply stuck with the bone in their throat. They are doing quite well, no doubt about that. But not nearly as well as they'd have been doing with the .com. I wish Stunna could come here and explain to you guys how acquiring Stake.com domain name helped improved their marketing efforts, and skyrocket the platform. True, domains are definitely a nice-to-have, but are they really as important as you claim? Your research regarding .com domains etc. are not surprising, and we know that the more premium the domain, the better it is for marketing in general. However, factoring in opportunity cost especially for gambling startups, is it really worth having a premium domain that costs thousands of dollars because of a few keywords at a cost of more marketing and/or a higher bankroll? That's just my two cents. It's obviously different for bigger sites with an already established customer base that wants to expand, like PD/stake. |
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You know the drill. When Bitcoin rallies hard, altcoins dump. When Bitcoin dumps, all the rest dumps too. But when Bitcoin is sideways, altcoins rally and some go their own price action.
Everyone in this subsection of Bitcointalk is waiting for altcoin season to come again. Some have already given up.
I will try to post my observations about the market relationship of Ethereum which is the current lead indicator of altcoin market health to Bitcoin's.
It's definitely not always a given. During the last bull run, when bitcoin rallied, altcoins rallied even harder. And when bitcoin dumped, altcoins dumped harder. Essentially altcoins were a magnifier of what bitcoin was doing. But right now, ETH has generally been dumped regardless of whether or not BTC is moving upwards or downwards. That is historically not something that has occurred very often. I do think that the current rally in ETH/BTC will continue, potentially breaching 0.03 BTC. 0.022 BTC is still quite low in terms of historical averages. |
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Do you think that the performance of staking coins is generally better than non-staking coins?
The reasoning is that people learn how to stake and they bring in additional coins by doing this. Some they sell but they realize they need to have enough to bring in the stakes.
Then the difficulty of getting stakes can go up, so it's not like the coins are flooding the market if the percentage is good. It's like mining but only needing some of your computer power per wallet.
One average computer can run 5 or more wallets constantly staking if that's all the computer does.
No. It still ultimately comes down to the project itself and what value it brings. If the inflation rate generated through staking outpaces growth in demand for the coin, then theoretically the value of the coin would decline regardless of its emission mechanism because of the sheer amount of coins that can be generated by just holding capital and doing no PoW. It's not fair to generalise coins' performance into staking and non-staking, I think. BTC is non-staking, yet it has outpaced the majority of alts in terms of growth through this bull wave. |
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Whether the central bank holds BTC or not is quite irrelevant.
They are obviously not pushing for adoption in the general sense, and if they are holding decentralised cryptos, it's not because they want their citizens to be holding them also - it's to self preserve and hedge against the imminent collapse of the bolivar which is already occurring and to pursue national interests.
I doubt that there will be significant structural reforms of real push for currency reforms with Maduro still in office. And don't talk to be about Petro, it's a scam.
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I would not expect markets to be as volatile as they were back in 2017. These days are over, in my opinion.
Sure, there could be some days where gains are in the double digits in terms of percentage, but those are going to be rare. With the injection of institutional money and the overall bigger market cap, it'll be increasingly difficult to move the market either way with the same amount of funds.
It's not even apparent right now when the real bull market will start. I'd be careful of bull traps rn.
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@yahoo, got sent this PM by fullypak (who is already negged) this morning: Hello, i can provide to you senior member accounts to join Yobit signature campaign. You don't have to wait for 14 days because of changing password. There is original e-mail addresses or fake e-mails and old private key.
Price: 0,033 BTC / 0.03 BTC for bulk. He probably picked out a few random participants and sent it to them. I doubt he'll find much business but obviously something to look out for. |
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Are you still looking for beta testers?
I used deribit and Bitmex to trade on leverage, and I'm certainly looking for something with more pairs. Are you planning on adding more altcoin pairs in the future, or are you set in stone in regards to only accepting ETH and LTC for margin trading?
Also, could you explain what a "Cryptocurrency Value Depreciation Swap" is? What would be the difference or advantage of holding this swap in comparison to shorting traditional perpetual derivative contracts (or futures)?
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What is the best non usa site to withdraw fiat up to 40.000.00 usd per day? Thanks
You MAY be able to find some local OTC traders that are capable of handling that much liquidity of a daily basis. You can find them through an OTC broker, or even localbitcoins (click on their ad, if they offer OTC f2f trading they'll usually list as so). But the rates you get may be slightly worse than on exchange. Depends on where you're located, there is a bunch of international exchanges not located in the USA such as Kraken and Bitstamp that may be able to assist you. Though if you are using an exchange you need to consider the fact that the orderbook may not have sufficient liquidity, and you may end up getting worse rates for the last few sell orders you place. |
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What's your thought on this one? I was under the impression that everyone will comply swiftly with GPDR. I'm not sure though if exchanges have comply or not. So I guess it will take more years before we can see everything that relates to crypto being compliant. Or maybe there are individuals who requested their identify to be erased, but we don't have any data about it as exchanges are not releasing any. The majority of big exchanges I think have started their conversion to comply long ago. It's probably the small firms that will struggle because the compliance costs will constitute a larger amount of their working capital, which is a pain in the butt for everyone involved. This is the case with all regulation, not just GDPR. Adoption rates should continue to increase, but the rate at which that occurs will be determined by the levels of sanctions imposed by the government. |
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Profiting from dice in the long term is a paradox in and of itself. The expected value of gambling is negative, yet people still do it. That's not really an issue if you recognise this and only treat gambling as a form of entertainment in which you pay your admission through the house edge, but once you become hooked on the instant profit aspect, you're really doomed. I'd suggest stop looking for people who have "success stories" to tell, and look to how to productively improve your own situation. Good luck. |
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They screened my business model before approving the account and it hasn't changed since so I don't think that is the issue. Moreover, our business has been also screened by banks and we managed to successfully open bank account. We also got detailed check by law firm specialized in crypto - this was requirement of our payment service provider (we accept payments via sofort, ideal, sepa and others, soon also cards).
To be honest I don't really want them to even disclose the reason, I just want them to send my money back. We already found other solution that works just fine.
I don't understand even in the worst case scenario why they would have the legal obligation to hold your coins. I mean after all, you've passed their initial screening, completed KYC AML and the whole suite of verification processes. I'm not sure what else they would want from you that is absolutely a necessity. It seems a hell of a lot like they are taking advantage of this situation by being completely unresponsive, since they are now holding onto your funds without consent. Their support has never been good, but I certainly expected an improvement after this many years of development. |
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Imagine blaming a completely irrelevant (and not even sizable) scam for BTC's price movements.
Short and long term cycles within the market, as well as other factors are much more likely to cause these price movements. The market has sufficient liquidity to soak up these 50-100 BTC trades quite easily. If you look at the volume, you will quickly realise this as well.
These articles are written up most likely for attention, or sensationalist headlines. Price movements are not determined by a single event, ever, period.
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It was really an imminent correction, in my opinion. The entire market had rallied up to 14k in a very short amount of time, which is extremely unsustainable.
As I've said before, the only surprising part to this correction is that the bitcoin dominance index continues to stay sky high, as opposed to what I've expected which is to correct down to 50-60%.
It does seem like that alts will continue to bleed, regardless of which way the overall market is headed. Most likely, this is due to institutional investors whose portfolio mainly consists of BTC still due to its track record and the belief that it is less volatile and safer than alts.
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Hello crypto-community.
Briefly about us. We have a family-owned business that is developing steadily (the channel on YouTube by Fermak). We have such an idea to raise investments for the rapid growth of our economy with the help of the ISO project. We are offering the holders of the token FMK a cash reward of 10% per annum from the amount of the deposit from the first day, and stable growth of token with our economy since we do not plan to stay on the achieved.
What do you think about such a project.
Waiting for the question.
If you want my thoughts, they aren't going to be positive. No one is going to be interested in your project, most likely. 10% in a high amount, sure, but it is unsecured by anything other than your word (not even assets on your balance sheet, just for example), and there is no chance for legal recourse in the case of a scam. I'd strongly suggest that if you require funding, do so via a local bank and business loan. Their interest rates will most likely be significantly less than 10% p.a. as well. |
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