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2121  Economy / Gambling / Re: Best crypto casino for Netherlands? on: February 22, 2023, 02:51:03 PM
Weird that a country which doesn't ban drugs actually bans gambling. Coming to your query, I checked some sites that I regularly play at and observed that none of them allow gamblers from Netherlands.

Do not submit fake KYC and always clarify all your doubts with customer support in any site before deciding to invest op.
Netherlands government is actually making the gambling laws more tight that they have to prevent gamblers from playing in casinos who have no Dutch license. So imagine how hard for those gamblers who are living in Netherlands and unluckily, most of the trusted casinos are also not accepting gamblers from Netherlands. However, faking KYC is not the solution, you are just making the scenario worst especially if you eventually win big amount. Always ask the customer support first and be honest that you are from Netherlands before you decide to take the risk with gambling.

Yes, of course, these strictures force people to look for an alternative in an online casino without the need for KYC, but this is also used by scammers who create online gambling decentralized platforms that do not have a license, and if you consider that OP is interested in amounts over $ 10k, then this is associated with a huge risk of losing funds.
Well, it is just a matter of choosing the right one; reputaion and credibility of a gambling platform for sure are top things to consider when finding a platform. Not all casinos without KYC would have a tendency to steal your funds. Actually I do take those who does, as more concerned with their olayers. KYC would limit the chances of easily withdrawing funds from your account so atleast that would give a harder time for those who are hacking accounts. Another thing is limiting underaged gamblers because they are more prone to addiction not to mention their sustainability of funds. So I am not totally against it, unless the activity itself is prohibited in your country.
2122  Bitcoin / Bitcoin Discussion / Re: Is it good to accept crypto as a payment? on: February 22, 2023, 01:58:22 PM
In a business? I guess this would only be sustainable to businesses which are offering services and not products and such. If the service business would only require skill, then it would be sustainable in a sense that the owner of that particular business won't be needing money to maintain the business which will keep him safe from the burden unlike with those who offers products which will need to circulate the funds earned from payments in order to keep it alive. This has something to do with market price volatility wherein there will be time prices would decline and those are also times converting won't be a good option. Not unless your needs in that business would be payable as crypto as well.
2123  Alternate cryptocurrencies / Altcoin Discussion / Re: Litecoin and no downtime till now in 11 years on: February 21, 2023, 10:48:58 PM
Good to see LTC still in this market rising and growing, its good that we talked about this coin now since I’m planning to increase my holdings as the halving is about to come which for sure the price will pump again.

This is a good technology of POW and many still want to use this network. LTC have to be more active though and hopefully it will be back in the top 10 with regards to marketcap.
It encountered many issues in the past but is still in this industry at the present. One of the stable coins I guess, for some reasons. Litecoin is a good choice if you are into a more stable asset. During pumps it has a decent rate of increase and low decline during bearish market. In terms of payment method, well LTC is also a good choice and is running on a large chain across different projects. But to compare it with Bitcoin I guess is different. Bitcoin would be a better investment or asset over it if you are into more obvious growth in terms of market price. Would be between investor's preferences whether stability is more chosen.
2124  Alternate cryptocurrencies / Altcoin Discussion / Re: Be careful Many New Tokens on Coinmarketcap are on: February 21, 2023, 10:33:39 PM
Had no problems with it. Happens to other exchanges as well if I'm not mistaken. Would only be a problem if you'd engage into those tokens without checking how secure it is. We are all free to invest on which token we are interested with but let us be responsible on our choices. Choosing tokens without checking for the risks involved is one's negligence. This is why prior knowledge on what you are engaging yourself into, is necessary.
CMC are always have easier listing method compared with exchange listing in general. mainly because the fact that they want to add as much coins in their database as they can.
it's really different if you compare it with exchange listing in general that require more complicated processes and very few could get through, therefore you should be more careful selecting coins in CMC as your next investments.
the thing is, many shitcoin already considers being listed in CMC as somewhat an achievement which is quite funny if you think about it.
meanwhile high quality coin strive to get listed in famous exchange for the sake of increasing liquidity that is rather more essential.
Indeed a lot easier than with other exchangers. Most of the time centralised exchangers are the ones having a more difficult method of listing which provides more security with tokens but also has bigger transaction fees.
2125  Alternate cryptocurrencies / Altcoin Discussion / Re: Which is currently the best crypto to invest in? on: February 21, 2023, 10:11:33 PM
Depends on what kind of an investor you are. If you are into long term investment then go with top 10names in this industry because those cryptocurrencies are the ones having sustainable market prices through ups and sumps which would make less of risk compared to others as an asset. If you are into short term, altcoins would be an option as well as new project tokens because if you would make the right choice, bigger profit will be earned since smaller tokens has higher rate of increase during bullish trend. Problem is choosing the right one which won't be that easy. Luck would be a factor aside from technical analysis and token potential.
2126  Bitcoin / Bitcoin Discussion / Re: What If There Is A Ban on: February 21, 2023, 09:49:55 PM
We all agree we're living in a crazy world and what's far worse is that it is managed by a bunch of clowns..
So, let's think wildly, one day US were to further increase the censorship just like some of the other countries in the world, they ban bitcoin, they ban VPN, they pass legislation for those who mine/trade/spend btc will be sent to jail.
(Let's not say it's not going to happen. It can! You never know just like you would never have known that there's a war in 2022.)

Other countries start to follow.

Where will you be and what kind of life will it be and how is it going to impact yours?

Go find a job then. This is the problem; many people in this industry are way too dependent with the profit they are getting from this industry. To make a living, one needs a stable income which is why a decent job is still necessary. There are issues present still in this industry which should be an enough caution to investors. But it would be worse if the only thing you would do is to focus in this industry; there'd still life outside. If ever this blockchain will be banned and prohibited in your country, and if this industry would fall, you have to make your own move to still be able to provide something in the table than to push through against limitations.
2127  Economy / Speculation / Re: What comes next for Bitcoin: $20K or $30K? on: February 21, 2023, 02:33:15 PM
Possible to hit both. Correction could always take place especially if the reason behind an increase, is not that strong, enough to push a long pump in the marjet prices. Right now the market price is more likely to be back at $20k. $30k on the other hand is possible to be crossed mid year but I cannot cite exact reason for this thing. The marjet is just unpredictable and full of uncertinty. The recent increase was not even anticipated by many investors. It just did, and eventually influenced the demand towards other cryptocurrencies. Right now wherein the market is a bit retesting, the next price movement is hard to predict or even assume.
2128  Bitcoin / Bitcoin Discussion / Re: Are there age limits to Bitcoin investment? on: February 21, 2023, 02:04:56 PM
Technically, there's none. But it has a responsibility on it. Engaging with investments at the early age for sure has its own limits. You'd be more often at edge of losing unlike with having a job at the right age wherein you'd atleast be able to endure losses on your investment. In any field of investment, there would always be risk present. Which is why it is always being reminded to us that we should only invest an amount we can afford losing simply because there's no certainty of profit especially to this industry wherein market prices of most crypto are too volatile. Ofcourse, knowledge into what you are engaging youself with, will always be needed to give you a start.
2129  Economy / Gambling discussion / Re: Why Do Gamblers Do This? on: February 21, 2023, 01:34:08 PM
In this forum and other forums where gambling is one of the topics of discussion, one of the recurrent topics is people who write about how their gambling addiction has ruined their lives. We usually encounter topics like "Gambling ruined my life,"  "I lost all my life savings to gambling,"  "I gambled away my entire salary," etc. Then they go on to tell a sad tale. It makes me wonder: why do gamblers tend to wait until they have suffered a catastrophic loss or a string of losses before quitting or seeking help?
That is how addiction works; you became unaware that you are being to hooked up on a particular thing and the moment you'd realize is when you cannot independently stop it and is needing professional help. Everyone's aware of the down side of things but why do they still continue? because they have their own purpose which is to gain profit from this industry. This drive simply pushes them to cross that caution. They are simply taking the risk straight forward. It might be cliché to some but you'd only understand it once you are in such situation. Likewise with vices; for sure you know someone who smoke which believed that it is a bad thing when he was a child but ended up being one. So in this matter, try to be more considerate; we are all going through different circumstances which pushes us to embrace risk.
2130  Economy / Speculation / Re: Can Bitcoin be trusted? on: February 20, 2023, 10:54:46 PM
The question is for what purpose are you sharing this technology? It would be better to break expectations than to have high hopes to an extent they would assume that much from this industry. As we all know there are still issues such as volatile market price and prohibitions of its usage to some countries. Regarding profit potential, indeed this technology could really be beneficial IF they would have the knowledge to make use of it. With that being given, they should as well invest on more knowledge before their actual engagement. For sure we all know someone who thinks this industry is a scam simply because their expectations were not met.
2131  Economy / Speculation / Re: If history repeats itself: 2023 vs 2019 on: February 20, 2023, 10:23:23 PM
Many people talk about a similar fractal in 2019 and 2023, but I don't think it's quite correct to compare these charts because at that time there was no global crisis, not even a Covid yet, so the whole world economy, including the stock markets, were operating very differently than now. We can say that now we are on the verge of a big recession and I personally don't expect any serious growth of bitcoin. Although I don't exclude that it might happen against the odds, as it has happened more than once.
There are several factors affecting a market value of an asset which solely depend on demand. Each year indeed, there is quite of a pattern on period but I agree that same thing won't happen exactly as if it is repetitive. This market in general is way too unpredictable. Comparing is a good thing even if there will be no certainty. Common belief is enough to somehow from that slightest pattern. Perhaps halving; what happened before left an impression and as the next one is being anticipated, there is still that hype which would be taken advantage by investors. As mentioned, outcome won't be exactly the same but atleast that common belief could as well reflect to demand.
2132  Economy / Economics / Re: They still think crypto is easy to manipulate? - CEO Crunchbase on: February 20, 2023, 03:53:53 PM
This technology is so complex. The nature of market price volatility itself cannot be mnipulated so how come would it be?
Bitcoin is still a speculative market, nothing more and there is no regulation on it yet so manipulation is what is happening. You would be naive to assume that decentralized bitcoin cannot be manipulated. Remember what Elon did in 2021, just one of his tweets was enough to make the market move, let alone spend money to manipulate it. No asset class is dependent on supply and demand that can fluctuate several tens of percent in a day.

Well, Bitcoin is growing more and more mature every year. Musk tweeted some bs later and it didn't work - Bitcoin didn't react. In 2017 mailmen and grannies selling caused Bitcoin to dump and end it's cycle. Do you think it could be possible today?  Grin

Don't you remember the story in the 2021 bull season, Elon manipulated bitcoin with a few tweets? Bitcoin stopped reacting after that, as everyone realized that Elon's intention was just to take advantage of it. But it shows bitcoin is too easy to manipulate.
Yes, bitcoin is constantly growing, but when the market cap is 1000 billion dollars, it is smaller than a US technology company, and what fairness do you expect in this market? The gold market has a capitalization of over $11 trillion, and the stock market is over $70 trillion. Do you think bitcoin is big enough to not be manipulated?
Prices are highly reactive to things which cause hype. This is simply because value depends solely with demand. An individual like elon has the credibility and monetary power to prove his claims which easily convinces many small investors to follow into him. Then a wave will be created resulting to a trend. Try it yourself, doing the same thing. Not all people will believe you because of your impressions to them. People are easily following such hype things because of the influencer's image. Wherein all of these would fall under category of persuading individuals through self image.
2133  Bitcoin / Bitcoin Discussion / Re: Bitcoin has the potential for a positive feedback loop on: February 20, 2023, 03:03:51 PM
Quite true BUT consider the idea that people engage with this industry when there's a hype or news positive towarda this industry. This somehow breaks the idea. Perhaps right now, many people are just observing how the market will behave on the next days to come. They qon't continuously engage to this industry in a consistent manner. Domino effect is more obvious; market prices will be hyped then possible investors will be interested. Consistency still is lacking simply because volatility is its nature. Profit from riding the waves, is simply the idea which keeps investors coming for it. If we would based on its long time run, then that is indeed true; the market price is continuosly growing.
2134  Alternate cryptocurrencies / Altcoin Discussion / Re: Will Doge really go to the moon? on: February 20, 2023, 02:37:48 PM
If it is possibility, then there is a chance. Problem is lqck of assurance. Doge , as far as I know, has no utility which means that its market value will only depend on hype and demand which makes its market price unstable and unpredictable.The market price will only go up if there will be a push into its name just like with influencial personalities such as elon. But other than that, its market price won't be pushed upward. Meme tokens has a high rate of increase especially during bullish trends but problem is tendency to collapse everytime there will be a pump. Unlike with tokens having utility wherein the market price would be sustainable no matter how the market behaves.
2135  Economy / Economics / Re: Are people really having the wrong concept of savings? on: February 20, 2023, 02:09:02 PM
Purpose indeed would matter. Purpose of saving should meet your lifestyle. This tackles the idea such that for how long should you be saving? If you are saving for emergency purposes, then the answer is until that time of need occur. If you are saving for a car, then until you can buy one. There's really no problem with such thing unless you are seeking for bigger money from your savings and that would be through investing into something profitable not only by saving wherein the amount will only be stacked as years go by. Investment and saving are two different things. One would work to some but won't to others.
2136  Bitcoin / Bitcoin Discussion / Re: The bolt driver experience: promoting bitcoin in my business on: February 20, 2023, 01:39:29 PM
Thank you guys for the overwhelming support, appreciation and suggestions. I want you to know that I really do appreciate your comments. I'm still finding my feet in this business and I believe I would get better in time.

It just doesn't fill convenient and having to wait on transaction to get broadcasted and at least go through some confirmation.
Every business has its downsides. Sadly, this is something I have to deal with. But I can tell you that it's not as bad as the centralized bank transfer where it might take 2-5mins or even more in some cases for the transaction to go through. There are instances where bank transfers can take about 24hrs for the funds to drop in your account.

I understand that your car is registered for use under the bolt company, and bolt company usually have a percentage for every ride you make on their app, so this means to me that you cannot always accept bitcoins for payments except you have another source of income that gives you normal cash that you need survive daily and you can use to settle the percentage deal.
I clearly stated that I do accept fiat currency and bank transfer. As a matter of fact most of my payment comes from there, so I can always remit back to bolt their percentage and also have something to fend on.

The intention is there already. But what makes me curious is the overall sustainability of a business or a job perhaps, if payment will be in form of a digital currency which has a volatile market value. In terms of transaction speed and fees, no doubt this would be advantageous. But, the money you'd recieve in form of Bitcoin will be surely needed for maintenance and daily expenses. During a market price downfall, holding indeed is an option but problem is how long? In order to sustain a business you should have a continuous flow of money and if there will be times wherein hesitaion would be present, I think it would be a problem.
2137  Bitcoin / Bitcoin Discussion / Re: Bitcoin class with my students. on: February 19, 2023, 11:56:55 PM
Great job op, this is a good initiatives by bringing the knowledge of bitcoin and blockchain to your locality this is called "grass roots impartations or development" meaning they are being inculcated early to the digital worlds and believing they will have the knowledge indepthly while they grow and know how to make decision on concerning their financial status.
Please try to be more practical with the subject I think they would learn very faster while learning.
That is really a great work from OP. Not everyone take initiative, even when we have time and the knowledge to teach. Another important thing, these are the upcoming users of cryptocurrency. As said educating the grass roots make the network even stronger. Just came across a thread where random people were questioned of Bitcoin or $100, and the response is $100. These kind of education will change the preference among those people.
Imparting knowledge means responsibility of the information being transferrer to another people. If you'd be biased, then there is a high tendency for you to put that people you are trying to help, on danger. It should not always the positive things you need to emphasize but also the negative to prepare and for that certain individual to manage their expectations. Since it is knowledge on bitcoin which is being shared, emphasize the risk of engaging into it. People might get their hopes up because of the profit potential but never instill to them that it would be easy to do so. This is to let them know as well that there's no such thing as an easy way to be rich, which is a misconception in this industry.
2138  Alternate cryptocurrencies / Altcoin Discussion / Re: Best practices to prevent hackers from stealing our crypto assets on: February 19, 2023, 11:39:28 PM
Just put more cautious into it. If you are using online wallets or exchangers as wallet, then avoid accessing unecessary and unfamiliar sites because malwares may access your device and eventually have access to your account. And if you are using hardware wallets, never put it in unsafe places wherein you'd forgot it or lost it. We are talking about money and that is an enough reason for you to be more careful of it.
Hardware wallet is the most important thing and the only one that can really secure your funds
It is important to not generalize that much as this is not entirely true, there have been many cases in which people buy a hardware wallet from a doubtful source and instead of generating a new wallet they use the seed words which came with their compromised hardware wallet, they make a deposit and the hacker steals the money as those seed words originally belonged to them, so as you can see you can lose your coins as well with a hardware wallet if you are not careful.
Buying it from a doubtful source is the mistake they do in that case. Get it from the real source and you won't have such a problem. If you bought ledger nano from "some guy" then you could lose all that you have, but if you buy it from ledger directly and not from some random stranger, the problem drops a lot smaller.

I personally bought it directly from ledger, took months to get to me because on early days they took your money but then built it later on, so it took months to receive one, but I never had any problems at all because I bought it directly from the source. Nobody in between has ever seen it and I trust them enough to know they wouldn't risk any hacking issues in house.
True, I was just pointing out that not even hardware wallets are completely safe if we make a dumb mistake like that, however if you use a hardware wallet as you should the chances of being hacked drop considerably, to the point I think the majority of those which have a lot of money invested in the market of cryptocurrencies should get at least one, as the majority of the people out there simply do not know how to secure their smartphones or desktop computers appropriately.
There are even instances wherein investors have lost their hardware wallet. Remember the guy who accidently dumped his hardware wallet and eventually made efforts on finding it? In hardware wallet I think it is oneself which would be your biggest worry. Putting it in places wherein it won't be secured would definitely put your assets at risk.
2139  Alternate cryptocurrencies / Altcoin Discussion / Re: reasons why someone wants to pay in tether and not bitcoin? on: February 19, 2023, 02:32:16 PM
Guilt probably? Payong in Bitcoin is doubtful to most of the investors in this industry. Reason is simply profit potential. Hding will generate profit ofcourse, especially during market price increase. Which is why some users do prefer using dtable coins for transactions. In such they won't hesistate since they are simply paying the same amount of a certain value. This is also the reason why Bitcoin's emergence and adoption is being slowed nowadays. People would prefer using this chain as an investment because it is more beneficial. The tendencies of this technology being used for payments are probably on big transactions to avoid taxes across countries.
2140  Bitcoin / Bitcoin Discussion / Re: I've invested around 450 dollars into bitcoin so far and I am 16 years old on: February 19, 2023, 01:28:57 PM
A good amount for a start but be sure you can afford enduring the market price volatility in this industry. It won't always be upsies given how volatile the market price is. There will be times of corrections and market price downfall. If you cannot afford seeing how the market behaves then ease down I guess. As mentioned, you are a student; I've heard cases wherein students are investing their allowance and even tuition fees in this industry which will never be right and tolerable. Just think of times wherein you'd be needing that money and you cannot sell because the price is still low. This is simply the unexpected but what is usually happening. So be careful.
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