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2501  Economy / Gambling discussion / Re: Do You Want KYC at Crypto Casinos During Registration? on: October 22, 2022, 11:40:42 AM
So for me, it’s still best to gamble without KYC, but if it will be mandatory, then I will also comply with it.
If there's no other choice, I'll also comply but if there's still a choice where we can gamble without having to KYC, I'll go there and just as the others might do the same thing.
A gambler usually likes to gamble in secret. If his KYC is asked here, he may feel a bit embarrassed here. So they will try to find some other site where no KYC is required for gambling.
I don't think there's a feeling of embarassment but usually, we just want to keep it private and nobody should know about our gambling activity.

I think KYC should be asked only when any major transaction is done. It is important to seek QC for those transactions if there are likely to be difficulties related to law switches though there are some advantages for asking KYC.
This is done in most casinos, when there's a huge transaction that has been made by a user. What advantage are we talking in here? Maybe is that you're clean and the casino won't be suspicious anymore to your transactions and that's giving you hassle free of gambling. I guess that's one of it.
2502  Economy / Gambling discussion / Re: Do You Want KYC at Crypto Casinos During Registration? on: October 22, 2022, 09:41:35 AM
Well, it’s not a big issue for us who got used to it, but for those who are new in gambling, they might run away and won’t gamble anymore. Because let’s accept the fact that it’s safe to stay anonymous especially if you suddenly win big amount, and of course disclosing your real identity will only give hints to scammers to attack you.
Even if we've been used to it, there will be times that we'll realize that it shouldn't be a must thing if you're just trying to register and haven't gambled yet.
Majority don't like to be KYCed because it's something that we don't trust anymore whether you like the casino and you trust them with a few from your funds.

So for me, it’s still best to gamble without KYC, but if it will be mandatory, then I will also comply with it.
If there's no other choice, I'll also comply but if there's still a choice where we can gamble without having to KYC, I'll go there and just as the others might do the same thing.
2503  Bitcoin / Bitcoin Discussion / Re: Throwback: Bitcoin was $64k today, a year ago. on: October 22, 2022, 08:16:16 AM
Damn the year went by fast, I haven't thought about the high bitcoin price last year for a while. Crazy how the world changed completely in so little time. Honestly, who would have thought 2022 is going to look like that. It would be nice for bitcoins to rise to it's old ATH again, but that is not realistic at the moment. The global economic situation have completely changed, more and more sanctions are being issued, the inflation is destroying wealth rapidly and the prognose for next year is not really better. Right now investors are very cautious and afraid to buy risky assets like crypto currencies or stocks. The world needs to normalise again until we see higher bitcoin prices. It's still nice to dream and remember how good we had it in 2021.
Yeah, time flies so fast that we haven't noticed it's already a year when we've been in the ATH. We all just have to wait again for it to comeback to the last ATH. It's going to be another matter of time until we see it again, the world economy situation is somewhat unstable and so does bitcoin.

I think this post and the post of coin gecko would somewhat serve as a sign or a perspective on what Bitcoin can do in the long run and how its importance in the world, not just as a speculative asset. But it's important not to forget people who have also purchased at the top and lost money right now. But if they are to wait and believe that it could go back, it is going to work.
Those that have experienced many bull runs and bear markets would have the idea already on what can happen in a short period of time. Like those that have bought at the top of 2017 that was followed by a bear on 2018, if they've waited for about three years, they're in recovery. And might be the same for the case that have bought last year at ATH, they could do the same thing for three years and accumulate more.

I didn't bought from the top. I've just regretted letting go of BTC too early when it was around $12k when it suddenly pumped to $30k by the end of 2020. I was even hesitant to buy because I am hoping for it to go down again to at least $15k, but instead it shoot up to $60k+.

With my extra money every month, I just put a percentage of it to DCA with Bitcoin and also adding Ethereum as well. I just don't know when will it be going up again but I always believe that the best time to build and accumulate wealth is when things are going quiet like the bear market we have nowadays.
You're not alone with that, when we have to sell even not at the top of its surge. That's okay, as long as you're able to put that money in good cause, you can still consider it as a good sold time. And with your strategy of DCA at this time, just be consistent with that and you'll see how profitable it is but it has to take time.
2504  Alternate cryptocurrencies / Altcoin Discussion / Re: And officially worst year for investors on: October 22, 2022, 06:28:58 AM
I don't see it like that. It's an entry point for investors that are thinking about purchasing cryptocurrencies.
A possible chance to make profits in the short term if ever the market goes healthy again. I mean, we don't really know when it will pump so it's better if they buy the dump.
Opportunities like this may not come anymore. After a pump, a new bottom will come and that's it. Just look at Bitcoin now, I doubt it will be back to 4 digits in USD.
The strategy of others don't go like that. They wait if there's an action in the market and that will be the time that they will start buying. Because they don't like how passive and low the market is right now and don't take the opportunities that it is setting right now which is a good time to buy for everybody. Well, those that don't see the market to be like that will always have that regret when it's greater this time to buy rather than to wait when it's quite late.
2505  Economy / Gambling discussion / Re: Two Gambling Stories on: October 21, 2022, 11:46:45 PM
The story 1 reminds of those girlfriends that act as a wife as if they're already married but not yet have came to that point. They are no way to demand that amount of money from the whole $100M that has been won. Well, the boyfriend if he really loves her will give that in but I guess there's a catch why that woman is demanding him with that amount of money. If a girlfriend is supportive and really loves the man of her life, she won't demand any money from him and just let him be if he'll hand out some or none.
2506  Bitcoin / Bitcoin Discussion / Re: Mainstream crypto adoption on: October 21, 2022, 10:58:02 PM
For publicity, yes. But if you chop and got through with their actual intention, they're wanting to remove what cryptos are really for. At the beginning of this technology, it's really for decentralization and the governments like in EU are trying to get back the power that has been taken by this technology.
It seems encouraging to see that they're stepping on it but for someone that sees and look at what they really are up for, this doesn't look good as we understand the importance of securing the network through PoW and it being decentralized.
2507  Bitcoin / Bitcoin Discussion / Re: Throwback: Bitcoin was $64k today, a year ago. on: October 21, 2022, 09:58:12 PM
Anytime the price of an asset or commodity shoots straight up vertical producing 10x+ returns, it's a good time to sell.

Let this be a lesson to anyone new to crypto, not to get greedy.
Yup, greediness will make you miss the hit and that's why just learn from it and sell when you're in profit.

Just to let everyone know, you may check Bitcoin Price on Current Date for Last 10 Years on 100 Bitcoin everyday.
This is actually a good website you've made. Right now at this date, bitcoin was at $66k.

I can tell you from experience that it is the greatest accomplishment, if you hodl through the hard times and you get to a new ATH with huge profits. I was there when it hit the ATH in the $40k price range and I sold some coins.... but I kept on to some more coins and the price dropped to $3000.
I guess you've priced it wrongly because bitcoin didn't plummet to $3k after reaching highs of $40k but I do get the idea of it. Didn't sold mostly at the top because of the holding attitude and then saw the bottom.

I still can't believe that some people sat on their hands while BTC was at 67,000$, everyone expected 100k for one BTC and they missed the opportunity, now history is repeating the same thing, sitting on their hands waiting for 10,000$ for one BTC before they start buying.
It's because we've thought that bitcoin will reach $100k and that's the goal of majority then. But that's okay, at least we've seen a glance of nearly $70k and the next time the market goes on a bull run, it is an exciting thing to see if it will surpass that price or if there will be another parabolic move that we shall see.

Anyhow, history will repeat itself again, maybe in 2025, when the price is around 6 digits there will be a lot of tweets about the current price.
After the halving, we guess? Yeah, that's what likely it is going to happen. That will make everyone crazy again and very positive on the market and will buy at highs instead of buying at lows.  Tongue

The last ATH was $64k and the current last price was $19k. There seems to be a -$45k reduction. Of course, the reduction is extraordinary, and the bitcoin crash for 1 year has made many people start to clean up and start buying bitcoin for the long term.

The bitcoin price of $19k is a low price, there's no harm in buying at the current price, but another crash is possible. Be prepared with spare money that you still have, of course, it will be very helpful to buy even cheaper. Buy and hold for the long term, Bitcoin won't disappoint, ATH $64k might be a very low price in the future. Do your research, manage money well, and find out your best strategy.
And at these times, DCA is the best strategy that one can do and that's through every price that we can considered as low. $19k is low, we've seen a bit of $18,900 a while ago and then $17k months ago.
2508  Economy / Economics / Re: Is Metaverse still a thing on: October 21, 2022, 08:59:13 PM
It really seems to me to be all hype and nothing concrete. I'm still not sure what's the use of the "metaverse".
The actual use of it is an escape to the reality. There are people that have chosen to stay in the Metaverse rather than to commit their lives outside of it, in the real world.
From what I've read, there are some ways of surviving there and actual lives like you're really going to work inside of it. And I think we're going to that point someday that our virtual lives will have means of living and earning, working and socializing just like what we do in real life.
2509  Alternate cryptocurrencies / Altcoin Discussion / Re: Is the US being too hard on crypto? on: October 21, 2022, 07:58:31 PM
I think the US country is too heavy to accept crypto as a financial or commodity adoption in its country because they are the center of the world's currency of course they will go against the original nature of crypto which is decentralized. The difficulty of controlling crypto makes it difficult for countries with strict regulations to adopt crypto.
That's a fact and that's why US is trying to play safe here and don't want to wholly advertise the usage of crypto whether as an alternative payment or an asset or security.
Regardless of that, those countries that have been soft on crypto, they're doing good and that's what they must look at because it won't change a lot and directly to them but has to look at the positive side that it'll be one of the factors that could add up and help their economic growth.
2510  Economy / Gambling discussion / Re: How do you get over a bad loss? on: October 20, 2022, 11:00:54 PM
What's your favorite thing to do when you get a bad loss?
Moving on. There's no other way to get over it when I'm having a bad loss. Acceptance is the key and just think of it that it shouldn't happen again and look at what part I've became wrong with decision making. Is it from the time that I should have stopped already when I've got a few losses or wins? Or is it from the bets that I've made and bet for the wrong team in sports betting and the same goes for other games that I use to play.
2511  Economy / Economics / Re: DCA In, DCA Out, and Taking Profit? on: October 20, 2022, 05:38:13 PM
yes, I agree with your opinion, indeed with such a strategy we will control the profits obtained, and if there are losses, of course there will not be too much loss because we buy them with a gradual strategy or DCA system. and I also often use the DCA technique, in buying and selling.
That sounds like it is what OP is asking, DCA out is the version of selling. But anyway, what a coincidence as I've discussed two topics about learning the lesson of DCA. It's not directly telling about DCA but the logic if it if you've been doing this strategy will make you realize the significance of it. So, if you've got spare time, you can check these topics.

2512  Bitcoin / Bitcoin Discussion / Throwback: Bitcoin was $64k today, a year ago. on: October 20, 2022, 04:14:52 PM
This isn't sponsored or paid post by Coingecko.

I was just browsing and saw their post on their Facebook page and it hits me after reading it. A throwback Thursday and it's been a year already since bitcoin has reached $64K+ (actually $66k on CMC's chart as for checking it) and there's more to this price because this wasn't the highest. But considering this throwback and this price is closest to the ATH that we've made last year. I'm sure that many will reminisce that moment when you're about to sell but didn't because you think that the price will go higher until you were not able to sell and missed it. And also those that have bought at the top and then has to hold it until now or sold when it's a bit lower to cut losses.

Well, just a reminder that it's been one year that has passed and there's going to be more to go and hopefully, we go back to that former price and even higher soon as we know a few years from now, halving is about to come.


Source
2513  Economy / Service Discussion / Re: How to monetize a cryptocurrency website? on: October 20, 2022, 01:12:42 PM
If your website is still quite new, it will take a long time until you build visits and traffic on it. Just like what others have said, focused on helpful contents and articles first so that you'll be recognized by your visitors and they'll come back again. And that will show your metrics that you're having some good traffic per week/month and that's how you'll get advertisers easily if you're going to sell some ad space and banner.
I've seen those websites that have got their affiliates and partnered with adsense that has shared their stories that it took them more than a year until they've built their foundation, everything and stuff.
2514  Bitcoin / Bitcoin Discussion / Re: Good News: Bitcoin Achieves Guinness World Record Titles on: October 20, 2022, 12:00:37 PM
This recognition is good for bitcoin but they should have replaced the title and make it something better and more recognizable. This is a slap to the faces of those people that have been against to bitcoin and haters of it. They're aware that nobody owns the entire bitcoin blockchain while Guinness recognizes it for its purpose.

As long as it gives Bitcoin more publicity, I am happy for it. But overall, I don't think it's a big deal.
We should just be happy that there's Guinness that have included bitcoin on its book. It may not be a big deal for you and for the others, that's okay. As you have said, this is actually good for its publicity.
2515  Economy / Gambling discussion / Re: recommendation for gambling platform on: October 19, 2022, 11:41:56 PM
You should have given us the idea of what niche of games you want to play. There are a lot of recommendations that we can give if you want to gamble with your crypto. Just an example of it is with winz.io, they've got the traditional casino games to choose from and aside from that, they've got their sportsbook too. And that's why asking with a proper niche or what type of games you're playing is needed to basically know what games you're up to.
2516  Economy / Exchanges / Re: Japan to allow exchanges list coins under lessen rules on: October 19, 2022, 10:42:29 PM
is this Japan's route to officially legalising cryptocurrency
and has they lessen these rules will these not lead to scams
This is the first thing that I have came to my mind, if it's official that there's no screening process but I guess at least there are some measurements and standards before they list a project.
That's going to make things easier because they've given already the requirements and standards before a project can apply for a listing. It's making also their job quicker in determining what the good projects are.
But that doesn't mean it will completely gonna give hard time for the scam projects to proceed, there could still be some ways but we have to know most of the details before having such conclusions.
2517  Economy / Speculation / Re: Bitcoin Bull Market, Is it going to come soon or Will People have to Wait More.. on: October 19, 2022, 09:42:42 PM
1) Do you believe it will be at approx. same price or will it go up or down, its better if u share some insights in support of your opinion
After the halving, what I think is that it will be higher. Yes, higher than the ATH that we've got last year and that's likely because of how the cycle goes and pattern if you look back at the charts.

2) Do you think due to Bitcoin , the other altcoins may lose its charm , and go nearly dead, such as BCH ..
Many of them really are bound to its death because more investors are going to realize the importance of investing in bitcoin. And they'll see if they can ever invest to bitcoin, why they would go into those shitcoins. Although there have been many traders picking that because they're likely looking for a way to earn that much there like the lottery.

3) Do you believe only the mass Bitcoin Adoption by more countries can bring a bull market..
Always apply the law of supply and demand.

4) Do u Think it has something to do with global Inflation, where even stock market is on ventilators..
I guess so, and with high inflation, it should make bitcoin's price higher. That's my logic there but I may also be wrong.
2518  Alternate cryptocurrencies / Altcoin Discussion / Re: Realizing the value of holding cash on: October 19, 2022, 08:53:51 PM
There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

Same people sell a lot during bear run, whereas you should have cashed out at the bull run to take profit, and during the bear run when its low like this, you should go out shopping. Its low right now, and everything is looking delicious to me, I am running out of money from buying all these amazing coins and tokens, because I know they are at the bottom.

Have cash after you profit a good sum, but do not have any cash during bear run and buy it all.
I know how it feels to be like that because I've been with that situation before and I've learned from there. And as the market goes, that's why during the bull runs, the importance of having your profit or maybe some of it into a stable coin is a good option. Even you don't have that much, it's okay as long as you're prepared when the bottom of this bear market comes and you're able to buy the coin that you want to have during its sale.
2519  Bitcoin / Bitcoin Discussion / Re: Is BEAR Market In Stock Market Like Cryptocurrency Market? on: October 18, 2022, 03:57:36 PM
Yes, stocks aren't volatile as bitcoin and that's why bitcoin isn't for the fainted heart. While for stocks, it's good as the game of the whales too but not that much volatile.
The volatility of stocks may not be comparable to the volatility of bitcoin because the price of bitcoin is known for its high volatility. Both of these investments are risky but the risk of investing in stocks is arguably lower than investing in bitcoin. To be honest, I didn't know much about stock investing until I read a few things about it, but I truly believe that bitcoin investing is much more stressful than any investment.
When you think that you're not yet fine in diversifying in some altcoins and other investments aside from bitcoin/crypto, you can have your own journey in picking stocks. Honestly, it's one of my plans but I haven't executed yet since it's going to require me another capital that I'll allocate there but hopefully, someday if some of my investments goes on high again that includes bitcoin, I'll diversify on a few stocks.

Having a little capital in stocks will only teach you some lessons but it won't grow as much as holding bitcoin. For which, has been proven to be one of the best assets that really changes one's lifetime based on how long he's holding and at what price it has been bought/sold.
I don't know exactly which assumption is correct, but I think these two investments are also profitable in the long term so they are also worth considering. But if you ask which one is the best, I'm more likely to choose bitcoin that I have known so far over stocks.
Just like in crypto, your picking of stocks will also be crucial. We may say that in general, it's profitable and the same goes for investing in crypto in general. But there will be stocks that won't be profitable even in the long run because of poor business management of that company.
2520  Bitcoin / Bitcoin Discussion / Re: Is BEAR Market In Stock Market Like Cryptocurrency Market? on: October 18, 2022, 12:22:50 PM
Can't agree. Stocks are not as volatile as bitcoin. But the behavior of the markets is similar, depending on different events. Bitcoin is simply more volatile, and therefore its fall or rise is more significant. What is also worth considering is a different approach to analysis and behavior regarding support and resistance levels in different markets. But the reaction of both markets is usually the same and goes either up or down.
Yes, stocks aren't volatile as bitcoin and that's why bitcoin isn't for the fainted heart. While for stocks, it's good as the game of the whales too but not that much volatile.
Having a little capital in stocks will only teach you some lessons but it won't grow as much as holding bitcoin. For which, has been proven to be one of the best assets that really changes one's lifetime based on how long he's holding and at what price it has been bought/sold.
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