The maximum number of bitcoins that can be issued is fixed.
Eighty percent of the coins have already been mined.
What do you think will happen to the price after all the bitcoins have been mined?
What do you think will happen to the price once all the bitcoins are mined, and how do you think bitcoin will affect the global economy?
A very simple logic you can apply. Since bitcoin has a limited supply and it can't be increased, the price will definitely increase if the demand stays strong. It's impossible to say how much will be the price but that will not be at the same level what we are seeing today. Also looking at the crypto adoption, we can safely say that the global economy will also be impacted in a positive way because we will have a new segment of wealthy people - crypto millionaires. Basically it's a bit of a speculation we are doing here, but it's no harm to assume that bitcoin price will skyrocket and if we don't start accumulating right away, we may miss the opportunity! |
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Several articles have been written on how the government always print more money just to pump the Central currency due to inflations and this has always given Bitcoin and edge over them, we saw the market already heading back to $64,000 which is the highest Bitcoin price since its creation and this further goes to credit the fact that Bitcoin is an anti-inflation currency and is ahead of the central bank traditional paper currency or CBDC.
Some members would argue that bitcoin is not anti-inflationary currency. But with limited and ever-decreasing supply, it definitely gives bitcoin an edge over any traditional currencies that exists in the world. Government has to adjust the supply based on inflation and hence they are bound to print money to keep the supply ongoing on the basis of demand in the market. Bitcoin is mainly an accumulation game. The more you accumulate, the brighter your future will be! If not already started, start now! |
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As the level of Bitcoin adoption gets bigger and better, in a short time from now Bitcoin is going to be accepted for payment for tickets and another airport terminal payment.
Simón Bolívar Airport which is an international airport in Venezuela is working on modalities to start accepting Bitcoin.
Venezuela is struggling with hyperinflation. The value of Bolivar is at all time low. The president of Venezuela tried to fix this issue by launching a petrol backed cryptocurrency called petro which didn't work out. So what Venezuelan airport is doing, is for survival and nothing else. They need something valuable in order to keep the business ongoing. So bitcoin is a wise choice for them as a survival plan if executed well. So this is not granular level adoption, rather just good business sense! |
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In my country Someone bought a BMW Car by scamming in crypto transections and Police arrested him and told that the guy was a cheater and he was a crypto scammer.And this case is now the most viral topic.This incident shocked the whole country and also the Central bank authority about how he got this huge money and this incident put a bad impact in crypto.
I think Digital Currency like Crypto isn't getting much popularity because of these Scammers.They are one of the most strong reason why Government's aren't showing interest on Crypto Transections.
That's what the issue is! Both with the scammers and with the beaurocrats as well. With cryptocurrency, scammers have got a way to siphon out money and the beaurocrats think the main problem is with the cryptocurrency rather than the scammer. It's same story in every third world country. Even in India, our finance minister thinks that cryptocurrency is the main problem and not the scammers. That's why educated youths of the third world countries, always think of moving out to a better place to live. I am no exception. |
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That's when NFTs will see success because it is backed by a celebrity. I personally have never heard the name of bollycoin. It sounds like some scammers from Mumbai join hands to siphon out some some money from the stupid fan following of Salman Khan. Bollycoin is just trying ride the wave of NFT and they have chosen a star who has the most stupid fan following in India. Whoever buys it, all the best! |
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The winter is around the corner again and this season comes with a lot of holidays and fun family time, with the Christmas season spicing up the atmosphere one will get involved with a lot of fun activities which gambling is one such fun activity.
So I was wondering which is more fun among slot and dice for this season which of these games are inclined to this winter season.
When you are referring to Christmas fun or winter fun, I am sure that's only possible outside the comfort of your home. So here based on the situation, I will personally prefer slot games. I have visited a land based casino only once in my life, that is too in a foreign country. Slot games is the only game I have played there and lost all my chips kn the process. But when it's all about fun, who cares about the losses anyway! |
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I have not hosted any casino website yet. But being a web developer of many mid scale projects since 2009, I can recommend Amazon Web Services. I don't know whether you have ever used it, but once you start using AWS, I am sure you would never want to look anywhere else.
I have built an ecommerce website where they used to run promotions from time to time and the number of users increases during the promotions. Amazon will bill you for that spike but your users will never feel a difference. Scaling up is just a piece of cake with AWS.
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I believe that's what was expected after the ban by the Chinese government. But frankly I didn't expect China to slip to 0 but definitely expected a drop. It's amazing and positive for the bitcoin network. Too much dependency on a authoritarian nation and ruin the entire bitcoin network. I am happy that the chance is now gone.
But China can quickly make up for it if the government allows bitcoin mining in future. So I just hope that the Chinese government stays firm with their decision and let the bitcoin network flourish.
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Not bad to hear such positive things that India's educated population is showing interest in bitcoin and cryptocurrency in general. Especially, when we are falling back in every other global indexes like Hunger, human rights, employment, freedom, corruption, communal violence, intolerance etc.
It's just one good improvement among so many bad improvements happening in Indian since 2014. But with the huge amount of population we have, I don't think we will take long to come up within first 3 crypto aware nations if the government provides some positive regulatory framework around it.
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Sorare doesn't look like a gambling website at all. It seems more like a fantasy sports gaming platform along with some NFT stuffs. So I don't know if they should come under the purview of gambling license at all. Because in my country, gambling is legally banned. But there are fantasy sports gaming websites available for everyone legally. Till the time, no one is betting money on the outcome of a game, it can't be technically called gambling to be honest. I will have a detailed look at the website as it really looks something other than gambling to me.
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Excellent news! When the Chinese authoritarian government has banned any crypto related activities, there's no need to ship out the mining rigs to China, legally and logically! The less dependency we have on China for anything related to cryptocurrency, the better!
As we have all seen that the exit of China has shown a very temporary impact on bitcoin and after that temporary phase, bitcoin has grown considerably. It's a net positive for the crypto market.
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Unrelated to price really! But I am particularly excited about VanEck's proposition because they had a plan to launch physical bitcoin backed ETF. And probably that's one of the reasons why their proposal is getting rejected over and over again by SEC. But if they finally get the approval to launch bitcoin ETF, that might become another trigger point in the market.
But really I don't have high hopes this time as well especially after getting rejected so many times. Possible SEC is acting under some influence! Who knows!
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As noted by the OMFIF report the main activities to pursue a large-scale CBDC, closely followed by the answer, lie in improving speed and cost effectiveness. It can also help overcome existing system limitations, especially in terms of system security and resilience. A large scale CBDC can reduce operational risks and operating costs due to capacity building as multiple major assets become tokenized and recorded on scatter boards.
I wonder if a lot of people are interested in it here? But now I am seeing a lot of the central banks of the countries announcing that they will develop CBDC in the near future. Now, personally, I think the leader in this field is China, could this be another race on the cypto front between the USA and China.
Show me your view on a possible upcoming trend.....
CBDCs are just like fiat currency but it also gives the government a number of advantages over fiat. The main advantage is surveillance over their citizens. Every single transaction is trackable, black money hoarders will be effectively discouraged, Money launderers will see new challenges to overcome, can effectively fight counterfeit fiat notes etc. So there are many benefits for the government. China is doing a pilot but other countries will be quick enough to implement this CBDC. Slowly fiat will be abolished from the system which will save billions of dollar for the government to maintain a printing infrastructure and transportation of the same. This is going to be the future besides cryptos. |
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I too am watching this bot games in Youtube since last few months. Being a gadget freak, it caught my attention quite quickly and I love watching these games.
However, I didn't see any gambling houses added this game for betting yet. Possibly due to the less popularity it didn't catch their attention because adding anything drastically new requires money and development time. Hopefully, in coming years, we will see them in crypto sportsbooks.
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I think in case of a war, the price of bitcoin will be positively impacted. We have seen similar things happening during the Hong Kong protest where people had purchased bitcoin in bulk when Chinese government imposed a banking ban on the protesters. I think, we will see a reparation of this trend in case China enters into a war with Taiwan.
Make no mistake, this could very well become a world war because US is looking for opportunities to challenge China since a long time. Japan and Australia are their allies in the war against China and India could also join hands there. If this happens, it could increase the demand of bitcoin temporary thus pushing its price up.
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Considering the fact that China keeps fighting to make sure they totally ban anything that has to do with Crypto (Bitcoin), we now notice that these days, their announcements now has less negative effect on Bitcoin, I.e Bitcoin don't fall careless again because of news from China like before.
But yet, investors and Bitcoin enthusiasts like me are beginning to worry if on the long run, China's ban can have a lasting drastic effect on Bitcoin or not.?
I would say no impact will be seen! The bitcoin market is now immune from Chinese legislation as the Chinese government has made it quite clear that they will stand against cryptocurrencies as it provides their citizens with financial freedom and an escape route from their strict regulations. So majority of the Chinese players are already out of the market. Few might continue to operate illegally but their numbers are very less. So I see it as a net positive and in long run it will positively impact the market for sure. |
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It is really annoying to pay big amounts as transaction fee. Today myself encountered a pathetic situation. I was in need of money, and my wallet had $400 worth of TRX. I wasn't able to change it directly to fiat, and for this reason I deposited the entire TRX in an exchange and traded against bitcoin. Now on withdrawing it exchange took a transaction fee of 0.0009 btc and what is left is around $350 worth bitcoin.
If this is the scenario surely then we can't make a plan with what is available in the wallet.
Please post the exchanges with the low transaction fee and good trading volume. Maybe next time it'll help me.
Exchanges are business entities so they simply do not want to incur losses while honoring the withdrawal requests from the customers. It is no doubt that transaction fees are indeed high for many currencies including bitcoin while ETH tops the list of the most expensive cryptocurrencies. No no doubt that the exchanges will have to deduct it from the customers. It's high time for the centralized exchanges to adopt LN and Vitalik should fast track the migration to pos. If such high fees continues, cryptos will never emerge as an alternative to the mainstream finances. |
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I personally wouldn't say this is the beginning of the end of traditional payment processors. It's happening in El-Salvador because the government is promoting the use of bitcoin over anything else. One of the arguments he made while making bitcoin legal is that El-Salvador will save a huge sum of money from remittances. But that's a concentrated use case. The rest of the world may not follow the same pattern here.
The payment processors need to be smarter and cheaper to beat cryptos in this space, buy that might not be possible unless government supports them. I would say, changes will happen and the remittance market will become more competitive, but that's not the end of it. At least not anytime soon.
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A "instant cashout" casino where the hotwallet is ALWAYS empty. At a certain point, call it what it is, they're choosing to leave the hot wallet empty. It's not as if an unexpected surge of cash outs is the problem.
But don't worry, you can still play your crypto in the meantime! Hot wallet will be filled as soon as you bust.
If you get bored, don't forget to come to chat and have one of the mods repeatedly literally harrass you, including specifically banning you for 3 minutes then unbanning you (because they weren't justified to begin with) just so you won't get rain anymore ("the same person shouldn't be getting top spot every rain")
Oh and promo? That doesn't even exist anymore.
If a compnay chooses to keep their hot wallet empty, that's their decision. There shouldn't be any problem with your withdrawal except it will not be instant. As long as the withdrawals are being processed, I don't see any issue. Did you not receive your withdrawal? If not, then you have a point and I request you to share screenshots that proves your point. If your withdrawals are being processed, I don't see a point in your statements. |
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