I cannot agree both bitcoin has entered into mainstream and main stream adoption is the indication of early adoption stage. Early adoption phase is something we cannot figure out with the help of price level nor age of bitcoin. Because, if you consider 10% of peak value and life time of bitcoins then I guess we are still into the early stage of bitcoin ecosystem.
Because in my speculation, I am expecting bitcoin to value around one billion dollars and may serve human race for another 10 to 20 centuries. So, we are not even 1% of those parameters.
Moreover, mainstream cannot indicate that we had passed early adoption phase of bitcoins. In my view, main stream adoption is needed to end the early adoption.
It is about being known or heard, when you are at an early adoption stage that means there are many people who do not know about it, but right now bitcoin is not at that stage, you may or may not have some people who do not know about it at all, but that number is very low right now, 90%+ of the world heard about it, probably closer to 95% of the people as well. I am not saying that many people have bitcoin, I am just saying that those people are aware of it and that is the important thing, people should be just aware of the fact that crypto exists and we are already beyond that. This is why I agree that we are out of early adoption stage, we are still not at the advanced levels, we are still getting adopted everyday in many places, but it is just not early, it is probably beyond-early or something, I do not know what it could be used, it is not further ahead, it is still early but just not too early like it has been 2-3 years ago.
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one of the most sort after gambling indicators is a site with an effective probably fair system where gamblers will have the best of bet booking and winning and payout system that has a transparent system and bet history for possible for settlement of the dispute at the cost of using the site.
Aside from this, there are some other characteristics. What is then probably a fair system in your understanding?
Being transparent is different and being provably fair is different. I guess you must take time to get more knowledge on provably fair mechanism and how crypto gambling houses are making use of it. Moreover, provably fair thing is for those games which are based on random number generations and definitely not for sportsbetting kind of things. You can find detailed explanation on provably fair mechanism here in this forum itself.
You must need to edit your subject-line to spell out provably fair correctly. It is a common mistake among new gamblers and that is the reason most people are recognizing your question easily even your terms are referring something different one literally.
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In this thread it is said about manipulation on gambling. I don't know how one makes it possible.
Manipulation on sportsbetting is possible by fixing players to underperform. This cannot be done by gambling houses but brokers will do which will end up in unexpected results. You cannot ask a player to over-perform but leaving off a good chance will be possible when players turn greedy rather than playing for prize money or playing for country's pride. I have been reasoning of what could be the reason of such losses or could it be as a result of less knowledge in a particular sport.
There should be multiple reasons for that to happen. Less knowledge on new players on either side of a match also will lead to unexpected result. Hence, in gambling, even sportsbetting also might surprise you in the end similar to how most other games of casinos.
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If you are talking about holding a coin then how you expecting to earn profit. When you hold a coin for long term then you should also expect the profit to come after long time. Regarding the BTC loan, yes you can do that but yes it’s again some other people’s money and collateral issues. So it’s better not to dream for quick profits. Hold the BTC as much time as you can and enjoy the profit at last.
What he’s trying to say is that he doesn’t want to spend his bitcoin, that he would like to borrow money and then give equivalent of his BTC to them as collateral, and later he would pay back the borrowed money and get back his BTC. What he’s trying to do is to save his coins in case the price should go up around the time he would be spending it, so instead of spending the coins he would just borrow money in place of it and save it. That’s what he’s trying to say. If he can be able to pay back the money that he has borrowed at the right time and not end up losing the BTC that he used as collateral, then it wouldn’t be bad if he tries it, cause people do it regularly by making use of platforms such as Nexo and the rest of them.
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I just learn my small knowledge in trading thru frequent watching of Bitcoin price charts. It is really fun to watch expert analysts plot lines and make intelligent guesses to price movement. They show multiple variations of price action so whether you are bull or bear their video will be still interesting.
Watching market price oscillation along with signals from others will be interesting because you are having future plan of getting into making use of others' signals but when it comes about real term trading you might be finding something different rather than how you are doing right now. But, you are doing perfect to get start with crypto trading still my suggestion to you must be, do not expect the same while you are getting into live trading. Because, watching price oscillation while we are having open position will not be that much interesting but watching market with our positions are in positive and nearing target levels must be more interesting but that will not happen all the times.
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I sorted them into categories: mainstream altcoins, non-mainstream altcoins, and junk coins.
What are altcoins? The following link is very detailed, you can refer to it for comparison.
I read somewhere that there are 2000+ altcoins which includes tokens and I will not be surprised if we need to count them like 10k+ in next four or five years. I guess 99% of them may not sustain and the remaining ones also may get replaced by improved version of same concept based coins. Hence, there would be no point of having categories for altcoins as 99% of them belongs to shitcoins category and the rest are in uncertain phase. Still I need to agree that we definitely need altcoins which must be used at least as a payment purposes without needing to spend big money for every transactions and nothing else. We got bitcoin but it is slowly entering into "asset" category along with high tx fees (but right now BTC fees are slashed still it may climb up at any time soon).
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We all know about huge transaction fees, not the most convenient scaling and the difficulties of entering the ecosystem. Are there projects that will provide people with the best conditions for the implementation of their ideas in the cryptoworld?
There are a lot of other similar projects like ethereum which are providing same or better kind of smart contract platforms for hosting dapps but for unknown reasons people are still sticking with only ethereum which result in network congestion and network congestion must be the reason for high fees for every transactions. Recently some people are talking about hedra which is having higher block size and other efficiencies hence we can expect it to be another destination for devs to host their smart contracts. These days there are a lot of coins are providing platforms for hosting spot contracts but ethereum alone is still leading in this industry because it was the first one reaching big value and it got lots of followers and with this strong community, it is still enjoying lots of projects to be deploying every single day.
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hopefully the smart contracts on Cardano can filter out the bad smart contracts on the BSC, ETH, and matic networks.
But, that is not the part of decentralization environment. Investors and adopters need to be careful against suspected things and devs cannot do anything about. For example, what can cardano devs could do about one all new scam project? So, bad smart contracts are just part of all such platforms and individuals need to be more careful while choosing one asset to invest with. We have had several altcoin with different claim and how they are better than ethereum
Every new smart contract based the platforms are claiming that they are better than the existing platforms but personally am not seeing any new innovations with them. But, I believe this will not be the case with cardano as well.
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This is a blockchain based sportsbook casino as far as I know when I read the details on there website. They will use special to integrate bookmaker into blockchain and they will not gonna use the typical bookmaker software available in the market since this is new concept on sports betting industry. This is new and good idea but my main concern was there blockchain they will gonna use since they will use BSC network and sometimes slow to process transaction, this will gonna affect all bets made on the casino in case the blockchain is busy. Solana and other fast blockchain is more approriate to use with this high tx volume game.
That was "sort of" already done in many other places with "player versus player" betting on sports, which was done either manually for some websites, and some did it on blockchain. However here if the odds are fixed then it is going to be the first one I have ever heard of. Just because something is on blockchain doesn't make it automatically better, we still did get scammed by many projects on blockchain rails, however this place doesn't seem to be a scam place, we can never know but it just doesn't look like that, which means it could actually use blockchain for something good and it may end up being something that changes the world of sportsbetting as we know it. Of course, they need a lot of marketing for that, all those "collectibles" back 4 years ago were a hype but died down, today NFT collectibles are again huge, it is all about marketing, same here, if they can do marketing very well, they could grow so much bigger than expected.
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Eddie's guarantee bets are straight loss but last week he managed to win on a PSG match somehow. Let's see if Chelse can win the first half, I am sure the full-time result is obvious for everyone. Anyways, I will take deal with betting monthly on Chelsea.
I honestly believe that there is a good chance we could see PSG related bets always coming together. Plus they still do not have Ramos and Donnaruma and Messi on the rosters just yet, probably very soon but it is not there just yet. I believe that we do not really have any clue if Chelsea will win or not, not like they had some major transfers like how it was talked last year (they were getting ready to offer 100 million for Haaland but it was rejected later on), Arsenal (I agree worse than Chelsea) lost to bentford, that came into premier league after 90000 years or something, and even though Chelsea could be better than Arsenal, so is Crystal palace compared to Bentford. This is why in any premier league game there is really nothing that could be guaranteed for any team, at this point anyone can beat anyone and I wouldn't be shocked because it is the first games.
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It is very risky to work on it because beginner don't have that much knowledge about the trading and they lose most of the money through trading without being having much knowledge about trading
If you think that beginners are not having knowledge then I must say that they should not get into trading at all regardless of it would be spot trading or margin trading. Beginners obviously will not be having experience but they should have sufficient knowledge on trading and that must be the beginning point of their aspiration about trading. it is better to trade the traditional way buy and sell quickly.
That cannot be a traditional way. If you look for quick trading then losses are the only results you may end up finally. Profits can be made easily when you hold bitcoins which might last up to 4 years of time as well.
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I have being gambling for quite a while now and I don't think I'm addicted to it but nothing can make me stop gambling. Gambling is like a joy to me, it makes me happy and any time I tried to stop entirely, I would see my see going back to it.
The deep problem of gambling is, gamblers never realize that they are addicted. Once you are unable to choose when to gamble and when to stop and when to avoid then you are probably got addicted to gambling and you must need immediate medical counselling before your addiction becomes too worst and ruining your life. Can anything stop you from gambling...maybe your family, friends, circumstances or even your losses?
My responsibility. I feel my duties and I do avoid spending money unnecessary. I have gambled a lot and finished off my rounds mostly in losses which led me not to gamble anymore so that I could save all my hard earned money and secure my future.
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Hopefully, their journey to be listed in binance will be successful. That would definitely boost their price in the market. This will attract more players or stakers/farmers of their token. However, farming is about to end. Will the team continue its farming feature or they will pause it after finishing the last block?
The last Betfury message is encouraging. Listing on Binance or any other major exchange would be the right decision because the current daily volumes are very low. Regarding farming, this is a good way to get additional BFG tokens, but there is no hype, considering that only 186 mln BFG tokens are staked on their farming page. Just because something gets listed on binance doesn't mean that it will have a huge volume, there have been tokens that got listed on binance but because of low volume they got delisted eventually. If you do not have a huge volume outside of binance, you will not suddenly have a huge one just because you got listed. Of course, there will be a period when you are listed for the first time and everyone gets all excited about it and so forth, but that is not going to be forever, it is going to be just for a while and after that people will get used to it and the volume will drop. You need to have a reason for people to keep buying, and betfury has one reason; dividends. If the gambling part sucks then the token will be worthless. This is why I keep saying that gambling should have a huge marketing to attract more people, if we fail that, then everything else crumbles.
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I do not know where to seek help, but I know that in any addiction the first step is always to accept you have a condition. If you can accept that which means you have already started the very first step and you will be fine. I know it sounds scary at first, but there are so many people who do not accept the fact that they are addicted and they keep gambling and losing money, if you keep doing that and not accept it then you are not going to be able to find the help.
Moreover, if you have a supportive surrounding, family and friends, they will not just hate you or resent you, they will be helping you but that is not easy to find because when you are addicted it is easy to see how everyone tries to hate you, it is easy to hate an addicted person, it is hard to help them. So, if you have family that is there to help you get over it, that is going to make it so much easier.
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There does seem to be a lot of media activity around Bitcoin right now, with more companies getting involved and accepting it (for free publicity). That was the general trend that happened as it rallied up to the all time high of $65k~. Lots of people with big bank accounts and cheap money is certainly fueling every type of asset out there, so investment bank funds are snapping it up right now. That being said, as we've seen previously even the slightest hint of action by the US government against cryptocurrency can have a devastating effect on the price and it seems like the infrastructure bill is having some crypto currency related laws snuck in as part of a package.
I do not think that companies accept bitcoin just for free publicity, it is also a great way to profit from your cash reserves. There are so many companies in the world who deal with cash flow and they have positive one, which means they have cash at hand at all times, sometimes a lot and sometimes very little, after a while they find something to buy with it, but between making it to investing it, there is a period where it is just cash sitting there doing nothing. Most of the companies realized they could just buy bitcoin with some of that and keep it there and make profit from it, the bigger it grows the better it is for them, and unless there is a huge crash like what happened recently, it is quite liquid enough to sell it right away and then invest it into something else they want, hence using bitcoin like cash reserves. Accepting it as payment is just a part of the plan for this exact method.
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Everyone learns eventually that trading is a not a easy task contrary to popular belief. This is why starting with a demo account is important for a newbie in trading. Trading a live account go beyond knowing the basics of trading, there is a lot you can learn as a trader using demo account
It's not that easy. Many failed because they are aiming for an easy hit, not expecting that there are many struggles before they'll be able to manifest with this business. It's always good to have some practices and do your research first before you do the actual trades. There are many places to learn demo accounts gives you the actual settings it will give you knowledge what you supposed to know. [/quote] Without finding the right path, people will keep on losing money during trading, that has been the case for many years and will keep on being the case for many more years in the future as well. I have to say I fell for the same thing before as well, it wasn't easy but on my early days I have lost a lot of money while trading as well. I was lucky that I started with only $17 on my first ever earning, which I then used for trading, and what can you profit or lose from just $17? Even if you lose all of it, that is not going to be anything special. This is why I started to work on myself and got better with small amounts, of course it grew and eventually I had 100+ (not from trading, but from earning by working) and I kept trading all the time and I kept losing as well, I didn't give up and learned from my mistakes and became better on it as well.
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All Friends should know that you can trade in all times of ups and downs,in all seasons in all kinds of clouds. It depends on your ability, right decisions, and capability to earn in all conditions. If market goes down someone is earning. Similarly when the market goes very high .someone are earning and some persons are getting loss. Question is that whom you are in...... under loss of profit. But I advise new traders to start trade with a careful investment then after some good experience, invest a large amount.......
Honestly the "ability" part is the most difficult part, it is not easy to trade if you are not an expert in a very rough condition, sometimes it goes up and down so quickly that you end up with losses back to back to back, and it becomes something common during those periods. Plus, if you are dealing with leverage then it means that even a 50$ change means you could lose so much money, or earn so much money as well. I have to say that life is not easy for a trader, I would love to say it is, but it is really not. It is obvious that we should not be focusing on anything other than making a profit and losing focus on a quick trade could mean the death of profit, but it also happens so many times as well, it is not easy to focus on trading without getting sidetracked, even something as simple as watching a youtube video could mean you could miss a chance.
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I sort of "like" the risky elements in the games. For example, one of the games I played the most in my life is NBA2K (played over 3k hours total) and they have this my team thing where you open cards and sometimes it is a very good player or sometimes it sucks and you spend money on it. You could get that money by playing or you could just buy it, I play it anyway so I do it with that a lot, but there were times in my life where I made a lot of money, in my nation inflation is 43% so I use every money I have right now on surviving, but back in the day the money I made (nearly same to now) was soooo much more, and I used it for buying coins to open packs.
It was seriously entertaining, sometimes it hurt me because I spent money and got nothing, but in the end it was always nothing, think about it you are spending it on a game, even if you get 10 of best ever cards, it is useless because you can't sell it. So, I really liked it and kept doing it.
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I know you can always win with just couple of tickets because after all its luck based but its just not to my taste. I'd love to win but I dont think I will ever so I'd rather take those guaranteed prize of 5k. Its just a matter of personal taste though and Im pretty sure most people will go for the 50 golden tickets because thats literally worth 0.0125 btc
Btw, your chance to win the lambo with 50 golden tickets is around 0.006% and this is with the current total tickets amount.
I believe that nobody should be focusing mainly on the golden tickets, like if you love gambling and gamble a lot and get tickets because of that? It is totally understandable and that's great, you are paying your 5% house edge fee with that anyway so it is totally understandable, and I am sure freebitco.in saw a huge surge in gambling after the lambo thing, or at least on the first one or two, because they wouldn't keep this going and give away 200k dollars every 6 months if it was a big loss for them. So this is a mutual thing for both the gamblers and the casino, the gamblers end up not doing anything special and just gamble, and the casino gets more wagered, everyone is happy. If you end up focusing on it though, and end up spending so much money, like let's say buy 500 golden tickets, the chance of you losing is still 99%+ easily and you are paying so much to have such a low chance.
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Easy to say in hindsight.
But fact of the matter is that before it happened, or ex ante, no one could have told that this wasn't a bearish move.
This is why TA doesn't work. You could look for patterns all you want, but at the end of the day, how do you recognise whether or not a particular pattern is legitimate or actually noise in the larger picture? It simply doesn't work out that way. Markets are virtually random distributions of outcomes.
Basically just look at the price and see it dropping, if it is dropping then it means it will go up. I know that may sound weird to some people, but going down can be only reversed to going up, sure it could keep going down, but that doesn't change the fact that it will eventually go up. We saw the price going down, and we realized that it could be back to 60k one day, that "one day" could be any day, it could be tomorrow or it could be 2022 or even later, but it WILL happen one day. That is why we started to buy as much as we can, since making 2x profit is a great deal, if I do it in a year then I made 100% profit in a year, if I do it in 2 years that is 50% a year which is still good, if I do it in 3 years that is 33% which is still quite awesome, even in 4 years that is 25% and very nice. So, long story short we are talking about something that is quite easy to guess why we bought.
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