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2481  Economy / Gambling / Re: Stake.com - Million Dollar Race II - UFC Betting Partner - Play Smarter 🥊 on: July 05, 2021, 03:46:42 PM
You seem to have misunderstood the issue here. The gambler's balance didn't just magically disappear. Stake froze his account and siezed his funds due to which he created a scam accusation thread against them.

The Stake team is currently investigating the issue. We are talking about 200 grand here which is why this will probably take time to get completely resolved.
Yes, I saw that thread in the gambling section... but take a better look at the above comments, the ones I quoted! It's like someone is creating multiple accounts, or giving a username and password to someone else, who withdraws the money, and then the first guy complains!

As you can see above... "but for some reason their balances vanish via mysterious bets"! It's not a frozen account, frozen balance, funds seized... or anything else!

Yes, it's possible I have misunderstood the situation here, it's why I said I need some clarification... as you can see I imagined something completely different!
I believe that there is some serious problems going on with the accusations increasing lately in the crypto casino world. All of these places are places we all love and respect and yet they are still getting a ton of accusations and I do not think that they are actually changing anything, it is the same website and it will always be the same website and yet the characters that join in and gamble are different.

I get that it is 200k and it is huge amount but why would Stake care about stealing 200k when they are giving away a million dollars constantly and they are probably spending tens of millions of dollars for the whole promotion things (ufc, fighters, nba, streams etc etc etc) they do not need to steal some guys 200k to keep this up, they have more than enough money for themselves and if people assume that stake come thus far by stealing they are dreaming, stake managed to be stake all thanks to being awesome and not being a scammer.
2482  Economy / Currency exchange / Re: Points to note when trading OTC. on: July 05, 2021, 11:03:21 AM
All transactions are made directly with KRW Cash in Seoul, and coin transactions are based on the Binance price.
It is a direct OTC transaction without an intermediary. After meeting in person, the transaction proceeds face-to-face.
The transaction fee is 2%, and when you purchase coins, you can purchase them slightly lower than the Korean market price on average.
Please feel free to contact us at any time to purchase large amounts of coins and to cash out large amounts of coins. Of course small trades are also possible.
Dealing in cash and OTC deals is sometimes risky because the seller may reach you with malicious intent and because you have cash in hand you have no option but to hand him the cash.

I have done a few deals in real life and thankfully all went well but I have read some articles where a guy would open a BTC sell ad on LBC or any platform and then once you reach to him with cash or he comes to you, there would be a crime taking place.

Not sure why people prefer cash dealings when banks exist and if they are worried about taxes, then you can't even complain to the police if a crime takes place.
2483  Economy / Trading Discussion / Re: What is Trading Plane ? on: July 05, 2021, 09:32:59 AM
pre-plan -- the preparation phase for getting ready to trading.
actual plan -- how you are going to execute in live markets with the help of what you learned in pre-plan phase.
Do you have any reference links for this? I mean it would be helpful if you share the information on from where you found these things so that I could learn more on this. I agree that trading plans must be consisting of different phases and the final one should be on how we encounter with live markets and all other plans should be the preparation phase for live markets.

I think the difference between pre-planning and actual planning is that while you are pre-planning, you may consider a lot of points since you are looking at all the viable options and during the actual planning phase, you can cut out the options which are either not realistic or are risky enough to be avoided. It's like preparing a plan for a trip, you mark many destinations but when you actually visit, you cut out some of them to save time and money.

No plans and planning can ensure profits neither any plan can be foolproof such that there is no chance for loss, there will always be a possibility of loss but planning is done to reduce the amount of risk and maximize the profits. For someone who is trading in free time or as a secondary task to make extra income, I think they don't need all the planning.
2484  Economy / Trading Discussion / Re: How to deal with bear markets on: July 05, 2021, 08:04:55 AM
I agree with your opinion in many cases and these are very effective.  In a bear market, I always secure my assets by converting them to fiat. This results in a fair amount of total assets and increases the likelihood of making a profit by repurchasing from a low market position. Investors fall into indecision by repeatedly monitoring the market situation when the market is down. In many cases, it is seen that the market goes down a bit and goes up again and is able to achieve big growth. Repeatedly looking at portfolios, many sell their cryptocurrencies, leaving them frustrated when the market grows later. Therefore, investment decisions need to be made by effectively implementing the measures outlined in the downtrend market and be risk-free investment enthusiasts.
If you convert your coins into fiat or stable coins during a bear market, it already means you are at loss effectively. You may get a chance to buy them at a later point for even cheaper prices but it may also mean that you ended up selling at the already lowest point because, in crypto, no one can ever predict what's the bottom and peak prices are going to be for bitcoin.

I usually look away from the market when the market is going down or as many call it, a bear market is happening. The best thing like even mentioned in OP is to look away from the market and any applications you have for price monitoring should be neglected at all costs. I don't usually leave funds in exchange for a long time but when the market is down and I know I am not going to sell my coins anytime soon, I usually withdraw them to my trust wallet.
2485  Economy / Economics / Re: Money and happiness. on: July 04, 2021, 09:05:42 PM
Well let's assume that you are in wheelchair, suddenly doing that became harder, still not impossible but harder, lets assume that you are bed bounded, it became even harder right? Someone else has to do that. Lets assume you are bed bound and have brain issue as well like Demantia for example, then you can't even say it, it became nearly impossible, only chance is someone has to guess it. See how even when you have money something as simple as orange became very hard to get? Orange was just example here of course.
Yeah, everyone here could agree with one thing; money doesn't bring sadness by itself. I mean if you are poor that is a reason to be sad, and when you have money at least that is one reason not to be sad about and that is good enough for me.

If I were rich, I would not worry about money and when I do not worry about money that leaves me open to testing out if I am sad in another way, however if you have absolutely no money then that is a good reason to be upset all alone, you do not need anything else. So, it is not that money brings you happiness, because it may or it may not depends on the person, but it is all about how poverty does bring you sadness and that is why many people think that money bring you happiness, because many people lived under the threat of poverty and getting rid of that fear does sound like you will never have any other problem ever again.
2486  Economy / Economics / Re: Do you think Elon is manipulating the market? on: July 04, 2021, 08:32:28 PM
His manipulation is very obvious using his influence and position to move market to his favour. Thank God he's not the richest man in the world cause he would have tumble the crypto market, using it as a means of enriching his pocket. The aim of a business man is to make more without being interested whether his decision might affects the general market. Elon is an interesting joker who is ready to do more of his manipulation.
I doubt he is doing it anymore. I understand that he did and I agreed that he did, that is what he was happy about as well, not the fact that doge went up and he made money, I am not even sure if he had any doge aside from some joking amount (for him of course, 100k is nothing to him so it could be huge for us too?) I just think that he liked the idea that he could tweet a coins name and then the coin would come up and people would make money and show him huge amounts of love.

That is just not something people could leave aside, if people send you loving tweet replies in thousands every time you tweet something about doge, you would support doge as well, it is just impossible to reject love from the public it is very difficult. This is why he manipulated the market, but after a while he stopped, no idea if it is something about SEC or anything like that but he is  no longer doing it anymore.
2487  Economy / Trading Discussion / Re: Short one's own operation on: July 04, 2021, 07:26:04 PM
you have to minimize the risk of losing money or else you will see your funds eaten by the whales.
In my opinion, imagining that all the market volatilities are caused by whales is definitely a misconception. See, recently China's new policy against cryptocurrencies triggered a bear trend which might led whales also booking losses but most people are still blaming whales for manipulating markets. Other than that, I agree with you that if we are not taking care of risk management then all our capital will be lost in no time.

To solve all these dramas, you can simply switch over to long-term holding so that you will never need to concern about what is going to happen in next hour
Long term holding must be a best solution for all the traders who find their life too much of struggles because of unpredictable market volatility. Long term holding these days being considered like passive income generation with zero risks.
2488  Economy / Gambling discussion / Re: How does on-line compete with the VIP experience on: July 04, 2021, 05:16:53 PM
We all know that off-line casinos tend to take very good care of their most valued clients, that is, those who spend large sums and are more or less loyal to an specific place. Freebies, guest experience managers at their service and any other amusement they fancy. On-line is much more difficult in that sense and sometimes I also wonder what can be done for a more personalised experience on these.
It may not be possible to reach the same level as the physical casinos, but what would you like to have on these that would make you feel better treated?
I strongly feel that online casinos are offering much better rewards and perks as compared to offline gambling. I will share why I think so.
I have gambled offline in real life casinos and most of them will offer you a VIP lounge for playing but that's about it along with a few other added benefits but in online casinos, I get bonuses, VIP treatment through exclusive offers and I also get good rakeback which is actually missing from the offline casinos.
2489  Economy / Gambling discussion / Re: Terms and condition a must read before signing up any online gambling site on: July 03, 2021, 09:46:37 PM
For those who gamble in large amounts and are really looking for profit in gambling, then of course reading all the terms and conditions is a priority before making a deposit. But for mediocre players who are just looking for fun and making deposits with money ready to lose, I think reading those things can be put aside first and this is what I usually did in the past and it's proven, I've never had problems with withdrawals. Although sometimes I get problems like account frozen etc, in the end the problem can still be solved as long as we are on the right track and maybe it depends on the service they have too, so be careful.
I get the feeling that reading all the long terms of a casino must be a boring process but I still feel that even you are gambling small amounts, you must read the terms and conditions. It takes a few big hits when you jump from being a small player to hitting the high roller's tab and if you haven't read the terms, you might be forced to verify your identity which depending on the individual can be problematic.
2490  Economy / Trading Discussion / Re: Stop losses on: July 03, 2021, 08:24:47 PM
I didn't have to set it up, because I lost already regardless of bear or bull market. All I need to do as of now is to hodle in order to survive and take my gains for future market recovery.
That's the easiest way out or you can increase you chances of profiting more buy trading. Your trading here doesn't have to do with profit seeking but increasing your bag. Lets assumed you had 0.2 BTC and already the market is against you if you were to put stop losses and sell but you can used that in your favour by selling now and rebuying when the market dip further.

This isn't to be done immediately but you can observe the market yourself and engage when you see the opportunity like if the resistance level wasn't successful broken which means a retest of the support level is bond to occur, you can take advantage of this by placing a stop loss order, wait for the maket decline then rebuy and having more coins at the end.

This can be repeated on different occasions and if you get your predictions right, you wouldn't have to wait for a full market recovery to be at profit again. As a trader you should be comfortable trading in every market scenario whether it's bullish or bearish.
I do not know how easy that is to do. I understand that you think some people can do it but it is not that easy and there are many people like me who can't do it, which is why I think we should not even try it. I have tested it before and I sucked at it so now I am not even looking at it, which I think I will continue to do in the future as well. This isn't to say that other people should not do it, if you are capable of being a great trader then go ahead and do that, nobody can stop you from doing it.

However one thing is for sure, if you are trying to do something that you are having hard time understanding then you are going to end up losing a ton of money, that is just simple facts of life. Only go with the thing you can understand and holding is very simple, there is nothing to understand, just buy and do nothing else and that's it, very simple.
2491  Alternate cryptocurrencies / Altcoin Discussion / Re: What Do You Guys Think About So-Called "Shit-coin" ? on: July 03, 2021, 07:21:32 AM
I think the market was full of shit coins before, but now
new shit coins that don't even try to hide that they are shit coins are taking over the market. What's happening? The market urgently needs a cleanup.
They aren't hiding because of what happened with Dogecoins. Earlier being labelled as a shit coin meant investors will run away from the coin but now people despite knowing and the token claiming themselves as shit/meme, will invest money into them because there is a FOMO within every investor.

Dogecoin went huge and a lot of coins followed it like SHIB and then once SHIB was gaining enough attention, there were tokens that followed closely behind it like Akita Inu and others. These token creators watch what is the current investing trend and will just follow it blindly and I think they are even being successful because lots of people are trading these coins without half of them knowing what these tokens are meant for actually.

How to stop this from spreading? We traders must strictly avoid trading these coins at all. Trust me, only the creators of these tokens are earning money at the end with these tokens.
2492  Alternate cryptocurrencies / Altcoin Discussion / Re: Is it still okay to fake kyc in 2021? on: July 02, 2021, 09:22:59 PM
You're just putting your account at risk if you are going to fake the KYC verification of a particular platform especially if you have big amounts to put there. Platforms also want to protect their business by asking KYC so they can't be used as a medium for money laundering. I know that all of us don't want our identities to be sold on the black market or used in doing illegal things so we should also be careful about where we are providing our private information. If it is a reputable platform, then why will you be afraid of doing KYC.
You didn't read OP, I guess. He mentioned that some platforms don't allow members from specific countries like USA while people from such countries always want to take part in these things.

I have seen some guys making accounts and selling them to traders from the USA and personally, I think there is nothing wrong if one wants to buy some tokens and uses a third party to do that. Imagine they can also ask someone else to make the purchase on their behalf, no? Is that illegal? I don't think so.

There are people selling bet365 and other casino accounts regularly and although illegal I don't think there is much wrong with all these things unless you take someone's identity and misuse it. Then again, it's my personal opinion and I am sorry if you think otherwise.
2493  Economy / Economics / Re: Permanent residence in El Salvador for crypto entrepreneurs on: July 02, 2021, 08:39:15 PM
"The government will immediately grant permanent residency to crypto entrepreneurs."
Today, his proposal was approved by 62 official members of parliament against 19 votes against. Explaining the bill, Bukele added that the country is also proposing a new law to parliament that would allow anyone with a 3-bitcoin investment in the El Salvadorian economy to obtain permanent residency.
It is interesting to know that the official currency of El Salvador is the US dollar. About a quarter of El Salvadorians live in the United States, and last year they sent more than $ 6 billion in remittances despite the Corona epidemic.
Nayib Bukele acknowledged that the move was aimed at creating jobs and providing employment opportunities for thousands of people who now operate outside the country's legal economy. He noted that 70 percent of the population now does not have a bank account and operates in an informal economy.
Well, that’s quite good, because you will hardly see a news like this about Bitcoin, where the president and others are so keen to accepting Bitcoin. Most of the news you’re going to see are those of them that are banning bitcoin and news like that. You will hardly see any of them are embracing Bitcoin like this.

But that aside, I don’t think that El Salvador is a place I would like to live, despite that. Because based on what I have known, the place has a very high crime rate and countries with high crime rates are the least places I would like to be.
2494  Bitcoin / Bitcoin Discussion / Re: China's game plan on: July 01, 2021, 09:15:35 PM
Seems like China is done with Bitcoin. Hash rate has dropped by over 60% in the last few weeks, which confirms that miners are exiting China for good.

How does a Bitcoin exit benefit China in the long term? What do you guys think is China's game plan?

A lot of chatter about this being "China's trillion dollar mistake". I don't think China's dumb, so keen to hear what they might have up their sleeves.
Well, I guess you think that they are smartest people on earth. It’s not like they are above mistake, you know that right? So there is the possibility that they can be making a huge mistake by banning bitcoin in their country. They can’t be hundred percent perfect all the time. As for them banning bitcoin, I think that the reason they are doing that is because they have decided that it will be best for them to remove Bitcoin so that it is not going to be competition for their own central bank digital currency; the digital Yuan. They just want people to focus on making use of the digital Yuan only and nothing else.
2495  Alternate cryptocurrencies / Altcoin Discussion / Re: After China, Now it's Mexico's Turn to Ban Crypto on: July 01, 2021, 07:03:06 PM
First China and now Mexico. Now there is a question.
Who's next??

Bitcoin will stay even though there are some countries who will ban it. China?? Mexico?? What country will be next US?? or India?? or Canada?? Does it matter?? Bitcoin is being used worldwide and there are only few countries who are banning it. One thing more is that even though there are countries who are banning it, there are some people who are still involving themselves thru it by using VPN's.

With regards to the effect of this news, knowing that its coming from a popular news article website it might have an impact short term but on the other hand it might not have any effect at all. Well, if the market reacts negatively to it then another buying opportunity Cheesy.
It is not the same thing, mexico banning did not impacted bitcoin at all, it is a non-issue for the crypto market. Whoever is next, we are fine with the knowledge that the other bigger nations aside from china is already supporting crypto in way of legalizing it. USA legalized it, there are states where people can even use it to pay for stuff legally and just get taxed on it as well, we heard the Miami mayor willing to pay salaries in crypto right here on bitcointalk and many other stuff. Germany just made it so legal that even banks are becoming crypto exchanges.

UK just gave binance a set of rules to follow as well. Basically all in all I have to say that bitcoin is getting very popular with the high end nations. China is the only one that is a big nation financially and still banned crypto, that is why I do not know if it will continue this way for a very long time since they will be at disadvantage because of it so they can backtrack their decision.
2496  Economy / Economics / Re: African regulators warn cryptocurrencies may not be legitimate on: June 29, 2021, 09:41:55 PM
I think the natural reaction is to find the african media's remarks on crypto puzzling. What does crypto being labeled "illegitimate" mean. Is it worse than existing corruption and hyperinflation african nations have already been plagued by. What if crypto's "illegitimacy" were a higher standard than conventional financial options.

In this era where many choose to oversimplify reality within harsh shades of black and white. There could be many different shades of grey. In contemplating news and current events, I hope most will choose not to be colorblind.
First of all, when you say Africa, Africa is not a country, rather it is a continent. You will have to be specific as to which country exactly in Africa has said that bitcoin is bad. There are countries there too that are not against the use of cryptocurrency and they are allowing their citizens to make use of it, and of course there are those of them that are against the use of cryptocurrency. For sure I have seen news of countries like Nigeria that banned cryptocurrency, but even at that, they were not able to stop their citizens, people still continued trading cryptocurrency there with the help of P2P. It never really bothered them at all.
2497  Economy / Economics / Re: Crypto Central Banks on: June 29, 2021, 03:58:43 PM
Crypto central banks will work in a way like it may use bitcoin as a reserve and may not use bitcoin as a momentary unit. At the same time this does not mean bitcoin is going to give room for altcoins to be used as a money because bitcoin-lightning kind of new innovation will do that job as may not be recorded into blockchain for every transaction but may hit blockchain once in a day as it may happen in very less value.
Yeah, the reason why there is always an alternative is so that when some people decide they don’t like the real one, they can go for the alternative. But just know that alternatives can hardly be as good as the original. I do know that there are good altcoins, but a lot of them, from what I have noticed are centralized.

Just look at Bitcoin for example, there is no central point that controls it, it is completely decentralized and not being controlled by anyone, but most of these altcoins has a place of control. So that means that they are not fully decentralized, though they might claim to be that.
2498  Economy / Economics / Re: George Soros and Bezos have paid almost zero taxes on: June 28, 2021, 08:38:09 PM
See I am not a conspiracy theorist. Ancillary activities like confrence etc. Are perfectly fine but talking about bribery Is there any proof of that? Just a few conspiracy theorist article? If they have so much of proof why not drag him down to the courts? Power of masses has always been more than any business tycoon. If we are believing every conspiracy theory then illuminati are everything, what can us government do?
No, of course there is no evidence. People with low IQ just hate the rich because they themselves are not rich and they think the only reason someone could be rich then is because of corruption and not because they built a company that has become dominant in a major part of the economy. So they make up a lot of excuses and crazy conspiracy theories about why someone like Bill Gates could be rich while they are poor.  And the simple answer they don't want to believe is that instead of spending their time believing crazy nonsense, Bill Gates built a valuable company.
Or maybe... hear me out on this, I know it is going to sound crazy to you... rich DO steal money? I mean you do not have to find some "secret Illuminati meeting where politicians and rich get together to murder a virgin" type of deal, it is all out in the open, it is not a secret. I don't know if you want to talk about any particular rich person, but since this topic says Bezos, let's go with him shall we?

I can list 10 other things about just Bezos, or we can talk about other rich people, but that is stealing money from both worker and public all at the same time. Getting rich in a proper way is fine, getting rich in amazon way should be illegal. There is nothing "secret" about this, it is all public info.
2499  Alternate cryptocurrencies / Speculation (Altcoins) / Re: ETH sheep, buy now? on: June 28, 2021, 08:03:01 PM
Yes of course this is the right time to buy ethereum because of the deep correction now. I think the price will be increasing in few months later.
If the price has increasing and market become bullish again we can gain a lot of profit from ethereum.
There is never a bad time to buy 3 coins, according to me, namely, ETH, BTC & BNB. These are top coins and I am sure in the coming time they will double triple or even quadruple their values very quickly. Binance is the biggest exchange so its coin will always do well while ETH is like the father of altcoins and BTC we all know always brings value despite being down and dull right now in the market.

But guys don't buy too much because the market might crash further in the coming days, invest what you can hold for long time, if that's the need of the time.
2500  Economy / Speculation / Re: What will bitcoin be worth in 2030? BTC price prediction on: June 28, 2021, 07:12:32 PM
Who knows, maybe more than 1 million as per stock to flow model. Even bitcoiners won't be surprised for that if bitcoin will surpass that level as more institutional and government adoption is just started. In the meantime, it'll take more times to be fully adopted by all, IMHO. But as of now, we might have another rebound before entering the bear market and bitcoiners should avoid the chance to accumulate more at $20k from my point of view.  Grin
I am not worried about the price of bitcoins as much as I am worried about the legality in the future. There is so much FUD being spread and China even banned crypto mining which was a major source of bitcoins mining so I mean if such steps are continuously taken, we might unfortunately reach a point where it's nearly impossible to keep the blockchain going.

Like most other people here, I am also confident about reaching more than one million dollars level in next 9 years. So, 2030 is too far away and usually in long run bitcoin will perform well.
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