I mean, free bonus of a few bucks for registration or so is nice but getting free money to gamble is unrealistic and without sense. Makes no sense to give your players money for them to bet without risking their own money, because that'd turn into a partial giveaway service instead of a casino.

"Welcome offers" are more like customer attraction strategies than anything; the very small amounts of players that come and actually get to withdraw their profits is unnoticeable for a gambling business so they're mostly just some kind of bait in the end.

Well, it looks like the ICO scams are slowly dying to expect a new scam scheme to come up soon and make waves.

The purpose of coin creation has truly reached at one point a pathetic level, I think that if I go through every crypto from CMC I'd find that there's a coin for every single domain possible, and that's absurd.

If there's one thing I hate about this completely free market, it's that you can't tell every newbie or inexperienced user in advance what kind of projects are good and what kind of projects aren't. Only if there were a very few who supported scams, they would simply die off.

I'm not sure this was the right board to post in as it's more about social distancing measures & sports than about gambling; I wanted to point out a little mistype in your OP

I'm quite sure this could easily be cracked by someone who knows how to write a script (or program).

If I see a paper with 24 rows of numbers and dots on it, I'd have to assume it's for a Bitcoin seed so completely ignoring the dots, I know that the rows contain:

- 5 digits
- 4 digits
- 4 digits
- 8 digits
- (..)

Which shrinks down the randomness by a significant amount of words (for example, if there are no 7 digit rows out of your 24 then I can exclude any 7 letter word out of the dictionary) and the possible combinations of words become way less.

And then there are patterns.. for example, the ones I have underlined, bolded or underlined & bolded in the quote above. They're easy to create a pattern out of.

It depends on what the market does after a seller/buyer comes in. (edit: and on a LOT of things)

As a seller, you could sell it to a weak hand. If you do so, maybe after your sale the price will drop even more and the weak hand you sold to will sell to someone else too. In that case, it's a negative influence over the price.

On the other hand, you could sell it to a holder so your very short negative influence will only have a short term impact. In this case, you're helping Bitcoin's price grow as the coins are moving from a trader willing to sale to a holder willing to buy, but this again depends on what the buyer does with his coin as in if he is truly going to hold for long term.

In the second case of you selling to a holder, your action of selling might not even impact the markets by much if at all.

I sometimes sold after a long time of holding in order to buy even lower and hold. I've also sold and bought through face-to-face transactions. There are probably way too many factors and possible outcomes to decide how everyone's actions influence the market overall.

None; the more individuals hold coins, the more decentralized & distributed the existing supply is, obviously.

But isn't that what we are basically doing when we buy too? In order not to help with that, you should stop accumulating any satoshi and constantly keep it into circulation. Every time the market declines and you buy to hold, you will most likely accumulate from different sellers. Keep in mind that even the money you get from signature campaigns comes from multiple people, so it's the same thing: you're helping with the accumulation of coins from more people's wallets into yours. In order not to help with it, we'd all have to continuously circulate BTC around.

Now to do that and also profit off BTC's price rise is probably an impossible thing because you'd have to convince first the richlist to start circulating their BTC too - just you doing that will not help, especially as as we speak there are whales accumulating more Bitcoin than we both probably ever had in a wallet so our little change does nothing really. And then you'd have a negative sentiment because dormant (or "lost") wallets are waking up.


Well, assuming there are a lot of weak traders out there, that may or may not be the case.

If a market has a total of 100 BTC trading under 24h, let's say 2 BTC go into wallets of holders. That means 98 BTC will continue trading. Over the next 30 days, out of the 98 BTC, how many will go inside wallets of holders or move again at all? And then how many other BTC will come in? And how many of the dormant wallets wake up and start circulating?


This is a very very complex, constantly changing situation and there are so many possibilities it's actually quite impossible to determine a proper and 100% accurate answer..

Question 1: Do you confirm that the 2 girls are the same girl ? true or false

- False.

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Question 2: How do you know that the 2 girls are the same girl ? Write as much details as possible

- The chin looks different to me. The girl to the left has a little upwards curve on the chin if I'm not wrong.
- Isn't the girl to the left's head a little bit like.. inclined downwards? I think that if she had her head perfectly straight, her forehead would've been a bit wider and the hairline place would have been different.
- The angle difference (or the smile) might fool me, but the girl to the right has her eye shape different. Hers looks a little longer and smaller.
- Eyebrow shape looks different. The girl to the right appears to have a little slit (or however that is called) in her eyebrow that the girl to the left doesn't.
- At point (4;0), does the girl have a mole covered in makeup?

As nobody's a crystal ball to perfectly predict price moves, I literally always ended up purchasing above the prices I had an opportunity to buy at. Therefore, I've recently simply went for "purchasing when the price drops" no matter by how much or what criteria it is.

The only criteria I might sometimes follow is if the price drops low enough for my average purchase price to move down too. However, that doesn't happen often at all so yeah, these are "gems" you could profit off. But at the same time, if Bitcoin drops right now to $3k again, I doubt you will be convinced it's a good idea to purchase. You never know how low it goes.

If you can get past the emotions and only take actions based on your gut feeling, I think you have much higher chances to succeed.

I might've completely misunderstood the OP and the reddit post you've linked us to - my mistake. Hopefully I get it this time. If "how do hodlers get rich?" is your main question, then I got it right so continue reading below.

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Don't you think everything is actually just inside your mind? Like a psychological game?

When you buy & hold, you fix a goal in your mind. Will take it from my last post: "I won't sell before <insertsomethinghere>". If you replace the <> with "$1M", I'll have to guess you probably really think it'll be worth more in the future. That's why we also have a lot of wealthy holders.

The fact that you know exactly by how much the Bitcoin supply changes with every block and that it's a deflationary currency, you just think it should be worth more as time goes on - hence, you hold it. Having enough people thinking positively just like you, as time goes on and the price increases, you'll want less and less to sell at earlier prices. You're waiting to hit the goal you've set in your mind. Times like 2015 and the beginning of 2019 (or whenever Bitcoin dropped from $20k to $3k) has shown us that the opposite is possible too. The decline could've never stopped and today Bitcoin could've been dead if negativity stayed.

Logically, when you buy at $1k, you want to sell higher. But how higher? If BTC drops to $200, do you sell?

Yes => then you don't think the future looks good for Bitcoin so you're helping the price drop. If enough people think just like you, it declines sharply.
No => you will not help the price decline.

In other words, it all really goes down to the market sentiment. And because Bitcoin's evolving, halving & growing up, the market sentiment has almost always been "limited supply, deflationary, scarcity. => will cost higher in the future".

"Those who bet against Bitcoin" are just sellers. They don't have an infinite balance. The faster they go, the quicker the market recovers. So.. if a higher % of them gets out of the market, there'll be more positivity => they indeed help the hodlers out.

There will be a time when the hodlers might want to sell too. At that point, they become "those who bet against BTC" themselves but will help the remaining hodlers on the long term only if the market turns positive after his sale: if everyone who set their goal as "selling after $1M" gets out at $1M, it means that if & when the market turns positive, it becomes harder and harder to stop an increase past $1M the more sellers there are.

And then, there's another factor in play: In the past 24h there has been 1.35 BTC traded every 68 milliseconds. That's about $12k. Well, as the price increases, 1.35BTC will have a harder & harder impact on the market. So this is basically my answer: without the psychological game of negativity and positivity in the market & if we never really knew exactly whether Bitcoin will turn deflationary or inflationary within an year, the "hodl & get rich" thing wouldn't have worked at all.

Sorry for the very long post. I spent an hour and a half trying to shorten it (edit: now I have removed & moved a few paragraphs) but I honestly have no idea how to do so without missing anything I've mentioned above.

So is this basically a "I ain't buying BTC no more because I'm paying for the rich" attitude? It won't work.

It's not even like Bitcoin is the first one to come up with the "hodl and get rich" possibility. Take penny stocks from decades ago and you'd find out there are a lot of people who turned rich by doing nothing. This is how the trading system works. This is how the world works.

Weak hands will buy & sell at the worst times. There'll always be weak hands in the market. By holding, you're just placing more coins in the scarcity bag and you are fixing a certain goal: "I won't sell before <insertsomethinghere>". That is much more helpful than having no holders. In fact, without the holders, markets wouldn't even work. It'd be just a mixture of crazy nonsense trades.

In the end, you trade Bitcoin for something which means that, if you don't hold Bitcoin, you'd hold .. say USD. Well, then following the same logic, those trading USD would pay for you to become rich?! What do you do now, buy BTC again in order to be fair with everyone else? But you can't hold BTC because then you'd help ... you get it now. An infinite cycle of nothing.

There could be a teen out there who mined back in 2010 when he was a little kid & knew nothing about money/crypto, but today he is a millionaire. 100% fairness in markets only exists in fairy tales.

If I'm holding $100k in BTC for 10 years, it's literally the same risk I'm taking as those who trade actively. In fact, it might be even worse: I could set a tx locktime for approximately 10 years and while active traders make a profit, when my Bitcoins are finally unlocked I might have nothing left - Bitcoin could be dead by then. In that case, who recovers my loss? Well, by holding $100k worth of BTC, I made the coin scarcer so everyone who traded before me basically traded a rarer cryptocurrency thanks to me.

By purchasing or selling BTC, you assume risks. If you don't agree with that, then trading or investing isn't your thing.

Komodo's Atomic DEX has this feature, though I am not sure it is 100% decentralized yet (IIRC, it's not 100% decentralized but they're going to get closer with every update). You can exchange BTC or some other cryptos into two (or three) stablecoins through it, but the volume is quite low for now so don't expect instant trading with good offers.

For paper wallets, you could do that if you store your private keys & addresses in a plain text or PDF file. Back when I used them, there were times when I even scanned the privkey instead of the address by mistake as I did not fold the privkey part of the printed wallet.

Especially as a newbie, this could easily happen - it's the lack of basic crypto knowledge and the huge lack of basic cybersecurity education at its best; I could bet a significant part of BTC holders keep a copy of the paper wallets or .dat files in cloud storage as "backup".

If there is one thing I'm wondering, it's how the hell does this guy still get away with all the stuff he's done. I'm not sure how justice works in the USA but if I had the justice hammer in my hands and saw one party blatantly lie, forge documents and then even claim (falsely or not) that he owns the Mt Gox wallet, I'd use that hammer right away on him.

To me it looks like this is a cat & mouse chasing game that's been playing for a long time now, is there any sentence he's going to receive? Going back to Jan-Feb, all we knew is that Craig is waiting for his "passwords" to come to his door - fast forward to June and this is just another proof of his crap..

PD has changed their behavior compared to what it used to be years ago. Radically, negatively.

I had a lot of referrals on there and earned money off the % from their bets, but after a longer break (probably an year) I rejoined PD only to find everything on my account exactly as it was (statistics and all) but .. my referral earnings!

They argued that upon some server change everything related to referrals "got erased" so they have no idea how many refs/BTC I had before the server change.

I wasn't that upset about it although there could've been some significant amounts of money in there, but now that I see this issue popping up on the forum too & the laughable compensation received.. I guess I'll stay away from now on.

@GazetaBitcoin Crezi ca mai are rost sa reinviem thread-ul asta? Sunt sigur in orice caz ca orice om cu 2 neuroni reuseste sa inteleaga ca bekli23 e fie un trol, fie o incercare ratata de a face niste escrocherii. Cine si-a lasat buletinu' in speranta ca un analfabet ii va recupera banii .. isi merita soarta (no offense).

M-am uitat scurt peste profilul lui si observ ca ultima postare e tocmai din aprilie 2020.. si-a sters postarea de care spuneai mai sus sau ma uit eu in locul gresit?

To be honest, I agree with you. While I said earlier today that no deposit bonuses are great, I have had cases where I needed to wager that amount 300 times in order to withdraw it which is insane and quite impossible to do so without losing it all in the end, lol, but I guess that's exactly the trick they use.

On the other hand, no deposit bonus & low wagering requirement to withdraw it would allow more abuse. The fact that you have to wager the sum 300x makes the potential abusers just give up.

But it's not as easy & simple as completing a 5-char captcha and clicking a "Claim" button or joining a Telegram group & listing your ERC-20 address somewhere in a Bounty thread, is it?

The fact that a lot of people put comfort above utility is what makes all these time-devouring activities succeed. This is probably not too different from gambling: you claim faucets and join bounties in a big hope of "hitting the jackpot" one day and getting rich out of nowhere. Basically a false hope that your waste of time will turn out not to be a waste in the end.

At least gambling is fun.

Both are just as important.

Privacy is a very helpful thing to have when you register on a website or disclose with someone your personal details but want the  information to never be exchanged with someone else. In other words, you could call that privacy for the party you're willingly exchanging personal info with and anonymity for all the other parties as they should have no idea who you are. Recently, privacy has been on shrinking mode as a lot of companies nowadays sell customer data.

Anonymity is when you basically want to do something without anyone ever knowing who or what you are. You could be a bot, a human, an alien or a dog - the thing is, all someone knows is probably your alias they can't link almost anything to. Think of Satoshi.

Privacy can go without anonymity, but vice-versa it cannot happen. You can't have anonymity without privacy.

The last time I almost got addicted to an online casino is when I received free $5 on all coins the casino had (LTC, BTC, DASH). It made me play quite a lot with those bucks and in the end I almost ended up depositing some of my own too.

I honestly think this is the best kind of bonus you can get if you're seeking for new players: a few free bucks without deposits. Combine that with a daily bonus of free spins/satoshis and you'd have quite a lot of new addicted players soon.

Is there even any casino that gives you $50 for simply inviting someone without other kind of conditions? This honestly sounds too good to be true most websites I've ever used referrals with gave me up to $5 per invite and maybe some % of their winnings.

@Welsh

Qubes OS might actually be more expensive than physical isolation if you do not have the required PC components. About half of my laptops don't have CPU virtualization support which basically means I'd need to replace them with newer components. I also think the resources needed are quite high especially if you're looking to run more VMs at the same time.

I'd like to add to your reply that offline, encrypted physical isolation is even better. I have removed the Wi-Fi and Bluetooth modules from the laptops I'm using QT wallets on because I often found my laptop randomly connecting to my home connection when it was supposed to be in Airplane mode, so I'm relying on Ethernet if I ever need internet connection on it again.

For offline airgapped PCs there are a lot of options including purchasing a second-hand computer from some nearby store. As long as it's completely offline, you can do this for under $100 (here I can buy a refurbished PC for as cheap as $20). If you don't trust it, I think you can build your own cheap Linux-running computer specifically for cryptocurrencies using a Raspberry Pi.

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Learning to have complete privacy with no backdoors is a lengthy process of mistakes to be honest. In order to be 99% sure there is no data leakage, there are so many precautions you need to take before turning on your PC it actually becomes exhausting at one point. I have a HDD in my drawers with some Linux distro on it that is supposed to be always offline and I plugged it in my PC once, completely forgetting that I had the Ethernet cable plugged in too, after months of fully offline usage. This alone could've spoiled everything I've done so far.

If one is looking to go off the grid, I'd personally advise to first do it just for usual tasks such as simple internet browsing and so on. When you feel you are ready to go off the grid without mistakes, do it.

The "good Bitcoin bad Bitcoin" has been going on in many countries and India is in a state of confusion probably because it's harder to keep up with all BTC users at once.

With first-world countries going more & more digital, it's going to be easier for authorities to spectate & analyze what's going on with Bitcoin holders and traders while in 3rd world countries you have less digital, more physical & even barter. It probably scares them that a quite significant number of traders may not be submitting proof of identity.

As far as I can see, there is an exchange in India that allows deposits + withdrawals of up to 4 BTC per day without KYC, so no surprise the trading's on fire right now.