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2401  Bitcoin / Bitcoin Discussion / Re: Why should we welcome centralized bodies for Bitcoin mainstream on: October 26, 2020, 01:40:57 PM
The positive things that may come out of it is the reason why I think we need to give them a chance since the transaction will be operated through Paxos.
Right, maybe I seem a bit too skeptical about centralized parties, but this sudden turn from being against BTC to supporting it all of a sudden by not only one or a few companies but so many in the past year seems just too sketchy for me.

Unless the opposite proves to be true, to me it seems like it's just a plan of theirs. Could very well be that they simply gave up as Bitcoin is slowly gaining a lot of ground, the old "if you can't beat them, join them" idiom. But until then, I can't help but keep questioning this sudden wave of BTC support.
Maybe it is due to the widespread of its popularity also. PayPal is a huge network and it is impossible that they do not know about this technology eversince. They probably made studies before doing so, their intention on the other hand is what I would like to question, likewise with many people in this industry. Ofcourse the idea of them aiming for profit will not be removed in our impressions but is that all? We might not be able to get answer from them directly and it is more likely our observations which would generate answer in this question. The platform still is not finalized and is just being tested in some areas at this moment so we cannot really conclude as this early.
2402  Economy / Gambling discussion / Re: luckygames problems on: October 26, 2020, 12:49:23 PM
luckygames.io announced on their website that they will be closing soon.

I don't even know if luckygame.io is accepting deposits anymore since I can't even create a new account and no new bets are being shown on their website.

@OP you should provide evidence regarding the issue to prove your case. and if you are going to contact their support. according to their announcement on their website.
only their email support is available now. support@luckygames.io


Seems to be exit scam huh?with Many issues their platform is facing now they are promoting to be ending?people who trust them is really annoyed by that.

and OP needs to provide proofs as well but i think he is losing time now,and if comes late then he will claim nothing from this gambling site like others who is in the list of notbox.
Scam Exits are quite noisy these days. Are there other reasons except from easily walking away with players' money?
If you are crowdsourcing about what you may do if you are a victim, that is indeed correct to provide proofs in order for more people to take it more serious and for you to have more advices. But to out it in the situation, are there instance wherein players are able to get back their money if a site is really making an exit scam? 'coz I think there' s no resolution once you got scammed in the cyberspace in general especially in this industry. Better learn from this, than to be eaten by regrets. But if there is really a way ofcourse what's best is to sue it.
2403  Bitcoin / Bitcoin Discussion / Re: Will bitcoin co-exist with the current financial system on: October 26, 2020, 11:12:45 AM
I don't really understand what you mean by bitcoin co-existing with the current financially system, is it not existing yet. Bitcoin is getting more circulated and being used as a medium of exchange already.it is the future coin, but it still uses the given value of every currency on the negotiation of exchange using USD as the major exchange currency for the moment
Fiat is more widely used.
Cryptocurrency are only accepted in some countries as mode of payment.
Some people are saying cryptos are the future of payments. Some says fiat will still be on top of cryptos. The situation is that, both of these currencies are more likely to co-exist; both being used in services and purchase of goods depending on the preference of a consumer whether to use Bitcoin or to use fiat, in a free manner. Cryptos are not yet accepted to majority of countries as a method of payment. It does seems to be but the reality is that there is always a convertion to fiat which is quite not making any sense if crypto is desired to be the payment. That is the situation cryptos are having at this moment. So maybe, OP is wondering if these two will totally co-exist in the future or not such that one will still be more dominant.
2404  Bitcoin / Bitcoin Discussion / Re: People's goal should shifting, specially if you are financially responsible on: October 26, 2020, 10:13:49 AM
Twitter account was created in 2014 so he must be one of the early bitcoin guys. This looks like one of the many irresponsible FOMO posts you see on social media. He didn't say invest all your funds in crypto to be fair but he didn't say anything about the risks either. There are people who are successful in stocks or in gold without touching crypto and they can be considered as responsible too.
It is a matter of choosing what is the best for you and your investment. Circumstances are not the same to every individual.
Here's a situation:
Strategy 1 could be working with Investor 1, but could not be to Investor 2. Strategy 2 could work to both investor 1 and 2. Strategy 3 could work to no one among investor 1 and 2.

The essence is that, there are some people who made huge investments to cryptos which gave them huge profit. There are people who became rich due to stock market investment. Since it is you who knows your position in this industry, you will be the one to make a decision whether to diversify your investment, choose only one, or do not invest at all because there could be another way to success and your goal is to find it.
2405  Economy / Economics / Re: Why criminals prefer cash (Fiat) on top of crypto? on: October 25, 2020, 03:54:11 PM

Personally, I don't see any problem in the fact that criminals are using bitcoin! What difference does it make what currency they use at all? Whether it's bitcoins or dollars...
Indeed, but there are already many instances wherein cryptos are involved in crimes.
Bitcoin laundering, frauds and scams are mostly the crimes involving Bitcoin and other cryptos in the previous years. There is even a study in the University of Oxford, year 2017, wherein findings stated that there are 44 percent Bitcoin transactions which are related to crimes. So it is quite not a surprise knowing that anonumity is protected in this technology, as we all know. But to compare this with cases involving fiat currencies, odds will be on fiat to be more likely included in the motives of crime offenders, probably because it would be easier for them to use the money to anywhere and anytime they would want to.
2406  Other / Beginners & Help / Re: buy low sell high? (I'm a noob) on: October 25, 2020, 02:56:06 PM
Start with bitcoin. It's always the safest option for the newbies who are trying to test the waters of cryptocurrencies.
You will never go wrong with bitcoin. Before you test other cryptocurrencies and mostly those that you have never heard of, try first bitcoin.
Many people in this industry might started with Bitcoin as an investment more than those who are have started in altcoins and ICO projects, I think. I do want to also recommend this, then look for what would suit you well, whether it is long term or short term holding.

In such way you would be able to diversify your investment to generate more profit if ever. There are cryptos which would be profitable in short term investment and also for long term. Deep market analysis is therefore needed. You don't have to rely to other people's opinion and you better not. Go with what you think will be best for your investment, that's your capital in the first place. This will avoid further regrets with your decision and if you will be wrong at first, then do not be too hard to yourself and use what you will learn to grow.
2407  Economy / Economics / Re: Show me shops where i can spend crypto ...crypto is useless... on: October 25, 2020, 01:57:53 PM
Here in the Philippines, not much shops who are accepting cryptocurrency for payments. In our country, we have 7,107 islands. Most of the shops that are accepting crypto payments are in the National Capital Region. But in my area (Visayas Group of Islands), there are two Crypto Cafes (Roxas City and Iloilo City) and I’ve visited one of them a couple of years ago. However that time, they haven’t adopted crypto yet (but maybe they do now because of the name itself). There’s also a shop in Cebu City where they only accept cryptocurrencies and not cash, but I’m not sure where exactly it is.
Actually, even in the capital there are limited companies which are accepting Bitcoin as a method of payment. That is because Bitcoin is not that popular to the majority of people. I've asked 10 of my friends about it, but only two of them are familiar with this technology and most of them only heard it but are not certain of its usage. This is not applicable to everyone but knowing that support is lacking still, it will be hard in this country to make use of it to buy things directly. There are partnerships wherein companies are using third parties such as coins app, dragonpay and the likes but fees are high and you'll more likely convert it to fiat in order to purchase goods online. There are some small businesses who does but there's only a few and most of it are not that popular.
2408  Bitcoin / Bitcoin Discussion / Re: Which is more important bitcoin or fiat? on: October 25, 2020, 07:14:30 AM
Important in what aspect? Is there a currency which is more important than the others? Fiat is the means of transactions for decades while Bitcoin can be considered as the new generation of currencies. There are differences between these two types of currencies ;fiat is centralized while Bitcoin is decentralized; fiat has a less volatile market value while Bitcoin has a volatile one; fiat has a physical form, and the likes. But none of these characteristics can determine which one is more important, because there's no need to determine such thing in the first place. Currencies are used in order to puchase goods and services, nothing more, nothing less. It is just that Bitcoin can be used as an investment due to the volatility in its market price. But still, it is not a characteristic making it more important than fiat. Both are important.
2409  Economy / Gambling discussion / Re: Towards another gambling site. on: October 24, 2020, 11:06:11 AM
There are gamblers who tried playing with strategies and tricks according to this article https://www.blackspins.com/blog/winning-at-roulette-skill-or-luck/

You can also do martingale but I think it's still a game of pure luck since you just spin the wheel then wait where it stops. Make sure you choose a reputable casino, preferably provably fair, if you decide to play this game.

It's not completely random because a program can always have algorithms, in order to form a strategy you need to learn how it works in my opinion. Coding the game or recreating it could help you. There are plenty of stuff just by browsing the net with different patterns of roulette. Mostly software devs know's this, in fact you can find post of many programmers here. Showing the features of gambling games winrate and difficulty.

It's true, programs have algorithms but it's not possible to encounter all possibilities. At the end you might get some strategy but there is no guarantee it will work and it can be more like a guideline than something you should count on. I don't think there is perfect software that could replace the gambler's mind.
Algorithms will not be easily determined by the players. The house will not allow such thing to happen, there's even a saying that "house always win". There are tricks being "created" by gamblers but there's no gamuarantee that it will work everytime especially to a game which relies more on luck alone, unlike on cardgames wherein strategies and decision making, in lign with luck, works most of the time. Luck is the main factor in most of the gambling games or almost everything that is related to gambling.
Some heard that some of their strong player are in isolation center receiving treatment of covid-19 vaccine that make the Gambler know who will win the match base on what is happening in some players in the team.
Wait, what? I do not know about this, where's the substance of this information? It sounds kinda weird to me.
2410  Economy / Economics / Re: PayPal to allow cryptocurrency buying, selling and shopping on its network on: October 24, 2020, 08:59:26 AM
I am still curious about it would this trigger other platform to accept Bitcoin or crypto as well?
But this is great news we could see a new wave of investors from their platform and could increase the Bitcoin price.
It is possible and is more likely to happen especially if it would be able to show to the masses, the advantages of this techmology. PayPal is already a huge network, thus it could provide huge influence to other platforms.
One more thing we should be concerned with, is the outcome of this actions towards futuristic matters to whether it would be showing dominance of advantages over disadvantages.
Which I think is not yet assured as long as this network has not started this "plan".
2411  Economy / Economics / Re: btc value and currency inflations on: October 24, 2020, 07:20:37 AM
lets say usa dollar and all currencies will be highly devalued .....then how we know the btc value??

most traders use USDT so if something happens with usa dollar is my USDT Will be worthless over night?


If all the fiat currency, devalued or goes deeper, we cant guarantee that bitcoin will go up because people are panicking and traders as well. It wont happen overnight and It is being predicted by the economist all you have to do is to keep yourself updated. Convert to gold as much as possible because there is no certainty in bitcoin and it’s very volatile and unpredictable, but if you’re a risk taker keep going.
Governments of each country will not allow their currency to fall as much to the point the their people will choose assets to hold than to use their money. There will be decrease on the value of fiat currencies due to economic issues but it won't be a sudden downfall, it would happen slowly. And as the prices are falling down, governments has to make an action in order to stop the downfall movement of the currencies. So I guess it would still be safe to use fiat and cryptos at the same time. We should not make a drill to convert everything into assets especially in case of USD which is one of the most powerful currencies and is mostly being used in transactions across the world market.
2412  Bitcoin / Bitcoin Discussion / Re: Are people giving up on Bitcoin too quickly? on: October 24, 2020, 05:35:29 AM
I have seen lots of people gave up on bitcoin in early 2015 or 2016, then when the 2017 bull run started, they regret selling bitcoin too early. So those people came back and bought at a higher price. My advice would be, never give up on bitcoin. What bitcoin can do nobody else market can do, it can make you richer very quick, if you know how to trade.
While many of those people that bought at ATH were very disappointed having read speculations that the price will reach another ATH at $50K invariably that the price fell like a pack of card and majority sold at a loss, a lot of them gave up although many of them entered cryptos with a mindset of making quick profits having read stories of those who bought before 2015 and hodled till ATH in 2017  made massive profits after selling some their portfolio.
Well that's how volatility work. There's no consistency regarding the price of not only Bitcoin but also other cryptos. There are times wherein the market prices will be at peak and there are times of downfall. It is not enough to just hold because there will be opportunities that would pass by if you won't be alert at most of the times.
There's this thing called "selling and buying point" of the market. Patience therefore is a must in order to come up with profit. Break the expectations that profit is guaranteed and is something that will arrive as soon as you want it to.
2413  Bitcoin / Bitcoin Discussion / Re: Do you think this is the start of mass adoption in Bitcoin? or Nah? on: October 24, 2020, 03:50:34 AM
It's just a start. A lot of people know about bitcoin however, they haven't paid attention to associating with it because they have seen many big businesses take it seriously. As PayPal supports bitcoin, this would really help as businesses who look up to PayPal would start looking into using bitcoin (definitely as a means of payment).
But as how I interpret articles regarding PayPal and Bitcoin, PayPal will just allow purchase of Bitcoin in their network as means of being a third party. More likely, they are aiming for centralization of cryptos. It is indeed a good thing which may trigger mass adoption of cryptos but I doubt people in this industry would engage buying amount of Bitcoin in PayPal. They would more likely still engage to exchanges. One thing is not yet clear, IMO. Will they allow payment using Bitcoin using their network in order to buy things online or to pay services? At this moment I think this is not yet clear because this matter will be depending on the companies whether to accept or not, right?
2414  Economy / Economics / Re: Government slowly open the economy, will it make the pandemic worst? on: October 23, 2020, 08:47:39 AM
I think we're all not ready for this, how can we continue and reopen those businesses if we are still in a pandemic?

If the government do not have any plan besides going in a new normal again and doesn't think about the possibilities that might happen, probably we will make this Covid-19 pandemic to become worse. I'm not against the reopening of businesses for the sake of the economic stability but we should consider other factors such as transportation and people who can violate the laws.
Economies of small countries has no other choice but to continue despite of this pandemic. Ofcourse, no government would want to risk the lives of their people for nothing not only because it is against the norms but also they will be criticized from doing so. Many countries are now in debt due to this pandemic and in order to cope up, economies should resume their operations to lessen the debts. With regards to the transportations, there are alternatives such as companies providing bicycles to their employees in order for them to be functional in their jobs. There is also this "work from home" system, to help employees avoid physical contact with other people. And yes, ofcourse not all companies will do these things for employees. Personally, I am also against the continuation of different establishments but there might just be times wherein we are taking risks to live.
2415  Economy / Gambling discussion / Re: List of Casinos to Avoid on: October 23, 2020, 07:46:46 AM
I think it is better to start with the list of the casinos which are trustworthy and where we can play worry free.The list of scam sites will only grow bigger as new scam sites will pop up in a consistent manner.I wish this was true for trusted casinos but this is not the case as of yet.
There are numerous gambling sites and many of these sites are labeled as scam or fraud. I'd suggest proofs on the accusations in order to be more systematic and for these accusations to be valid. There are many gambling sites having bad reputation but not all of those sites are guaranteed as fraud. More often, bad reputations of those sites are delays with transactions.

But it is a good idea to contribute on other threads regarding scam gambling sites in ordee to limit those who will be fooled knowing how high the demand is, for gambling sites nowadays due to the fact that casinos are still prohibited to majority of the countries.

2416  Bitcoin / Bitcoin Discussion / Re: Thinking Bitcoin is Scam on: October 23, 2020, 05:55:38 AM
As we know as a crypto Community most of people's think that a Bitcoin (any crypto currency) is illegal and scam.
i don't think this is true. most people don't even know about bitcoin and those who do mostly are afraid of it because of the volatile price. the days of people thinking it is a "scam" are long gone.
Bitcoin is a scam to those people who are that knowledgeable to this technology but to us who are more inclined with it, ofcourse we value its advantages more than them. People often call it as "fraud" or scam because it does not meet their expectations of easy profit. We all know here that the market value is naturally volatile, thus profit is not always guaranteed especially during bear market situations. The situation nowadays are quite not the same but there are differences already.
More companies are accepting cryptos as mode of payment which establishes trust in this technology.And also, there are still issues being observed by other governments to not adapt to such technology.
2417  Economy / Economics / Re: I lost my job, how about you guys? on: October 23, 2020, 04:44:33 AM
Everything is unstable as long as there is a pandemic. Businesses halted operations due to supply problems. Supplies for a specific business takes too long to arrive beacuse of the tight security and of course shipment crews needs to be quarantined everytime they cross borders. That is why small businesses are affected and we workers as well. I know the only thing that will help me survive this crisis is cryptocurrency that is why I am active here again because fiat had failed me.

What is your story with fiat and cryptocurrency during pandemic? This is again the battle of centralized and decentralized assets and activity in the middle of a crisis. In your own experiences and opinion which of the two will win?
I lost my job also last month the sad is until now i don't have a new job. Everyday i go out i went different agencies to give resume but until now no call.
This pandemic give us a lot of problem. But i thank also my friend because she always update me if there's are bounty that able to join Full member. A little income but its a big help to me.
During the pandemic our forum has been helping a lot to our members. Some of our members shared their earnings and provided little earning to the members in need. Some did charity in their local region collecting donations and consumables. This time more people lost their jobs and businesses, but none lost hope.
Quite sad that the rewards from bounties are not as big as before, also it was easier before to apply for campaigns in order to get rewards. This has been discussed many times in this forum regarding the new set of rules. There is now a merit requirement and many users are not able to join campaigns because they are not earning merit, which on the other hand could help them during this times of need. This forum could be really a great help to people who lost their job but I do still appreciate projects which are still accepting and starting projects nowadays.
2418  Economy / Speculation / Re: Bitcoin broke $13k today on: October 23, 2020, 03:32:24 AM
I think Bull Ran has started, and Paypal has triggered it in 2020. And this bull run will continue for 3 or 4 months. And we might hit all time high $30,000 in 2020 by dec.
Possibilities are always two-sided. Despite of the goodnews, we cannot still guarantee continuous increase in its price up until next year, yet. This adaptation is not yet happening, and according to the articles spreading online, it will start next year. The outcome or how will things go, will be determined after the occurence whether more companies or networks will be starting to do the same thing. But for now, let us enjoy the green marks, just don't be too carried away.
Many speculators say that it will have a pullback after reaching the $13,200 this will be the whales taking profits zone. Who know maybe we come down again and retest the $12,400 or just continues to pump, i still wouldn't sell when everything points to the upside especially when huge adoption coming such as the paypal news.
In the first place, the market price will not continuously increase due to the nature of inconsistencies. The market value is volatile in its nature. Going back with the previous ATH, the price increase did not occur within few months. As far as I remember, it is almost a year before such thing happeneded. Early 2017 there are already news regarding the anticipated boost of its price. So maybe it is too early to conclude. The best thing is to hold.
2419  Economy / Gambling discussion / Re: A case of the pandemic changing the score and affecting sports betting on: October 22, 2020, 01:24:23 PM
The pandemic surely has a huge effect on the whole sports industry. You have mentioned most of the key points, home-court advantage plays a huge role when playing, audiences have a huge impact on players. Most athletes are hesitant to go back to playing due to the risk of getting infected even with careful screening the risk is still present. The fear of corona hits the sports industry real hard. Some athletes gamble on playing on leagues since they also have to earn money.

Some sports and matches had been affected due to it and many events had got cancelled as well. Good thing is that slowly it is back, and people can watch their live sports, teams or players and enjoy the game. Risk still exists, and players may be little stressed about it, but the show must go on and with some changes it is being conducted.
I think even if players are afraid of getting a virus, they have no choice but to take a risk than to starve to death since they also need income.
That's more likely the reason. Players of different sports are believed to be rich especially those who are being broadcasted in televisions and other means of platforms but sad to say, not all players do earn that much. It has been more than seven months since the pandemic. And everyone should continue their career. If almost everything is trying to move forward, those who will choose not to will be more likely left behind. Despite of the risks everyone should continue.
But I wonder, will organization of different leagues I think  be held responsible if they would pursue continuation, if players are endangered, or not? Hoping things won't be worsen from now.
2420  Bitcoin / Bitcoin Discussion / Re: Paypal is doing it on: October 21, 2020, 02:11:31 PM
The market is also in green marks which is a good thing to see. The scenario is quite "revolutionary" in good terms. Knowing how huge Paypal is, this could trigger other banks to do the same thing, and probably more services and businesses will likewise, do the same. This would display the power of "influence", eventually. Indeed something to celebrate for this year despite of the struggles we have experienced.
The main issue I think, why there are still countries which are not accepting cryptos in general is because of doubts. Since PayPal is a huge network, it could establish a trust with regards to cryptos as a mode of payment in order for more countries to see the benefits of this technology.


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