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The regulation is actually inevitable. See for yourself. As time is passing, more and more exchanges are getting regulated. If the exchanges don't comply, they get shutdown by the government authorities. Look how slowly all exchanges are making people eventually go through the KYC process.
But no, the government won't ban those exchanges. Instead they will use those exchanges to regulate the whole system.
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How do you even come up with all these thinking? Your comparison makes no sense at all. What is a "poor mens lower class wall street"? I didn't know wall street had different social classes. If you take the whole picture then yes, it is.
But what seems to be one thing at first glance turns out to be quite another. I don't think you can compare cryptocurrencies and the crypto market with wall street just because of similar concepts and trading.
On wall Street, they trade to get money, and cryptocurrency exists to become full-fledged money. This is the conceptual difference that breaks this comparison in the Bud.
But don't you think people right now trades and invests in crypto currencies to "get money profit"? I know cryptocurrencies were made to be used as a regular currency but that is not going to happen anytime soon. |
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-snip-
Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.
All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.
Where did you get this information? First of all, facebook never announced any ICO or crowdfunding event. Secondly it is a stable coin backed by a fiat currency (not sure about this part, but since it is a stable coin, highly likely backed by something). Why would someone want to invest in a stable coin? You won't make any profit. People might use it to make regular transactions. And how are they going to earn more bitcoin from stable coin? Did they mention anything about exchanging Libra with only bitcoin? -snip-
All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.
Lol, what? |
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Today December 4th 2020 Bitmax exchange have announced to stop providing services to non verified users, no more withdrawal limit for not verified users, I'm guessing if every other crypto exchanges will follow this, binance for example, I use this exchange with out KYC verifications, for someone like myself who don't want to give any centralized platforms my ID i may have no choice let, what do you think? https://blog.bitmex.com/deadline-passes-for-bitmex-accelerated-user-verification-programme/This is bound to happen eventually. The KYC process is inevitable and slowly every other exchange will have to ask their users for ID verification if they want to operate legally. The regulatory bodies are catching up. All government around the world wants to regulate each and every exchange and other business that are crypto based so that people don't evade taxes, launder money or do anything illegal. But lets not forget how the government likes to control everything. Even if some crypto currencies are decentralized, the government are putting regulations that help them control it! |
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I hope that it's something more than Visa's decision to follow PayPal footsteps. The mass adoption is underway, but for most people crypto is a good investment tool only.
They are nowhere near Paypals decision. Visa just partnered with a ethereum network based stable coin (USDC) to facilitate with transactions. But, it still is some sort of good news and shows that the world is ready to adopt and accept cryptocurrencies. Big companies like VISA and paypal knows that this is inevitable and once it becomes mainstream, it will be easier for them to transition and be one of the first ones to dominate the market! |
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Some people say bitcoin is like gambling (my answer: they have no understanding of bitcoin and the more empty the brain, the more open the mouth)
-snip-
Just because someone gave their opinion that how they think bitcoin is like gambling, you call him empty brain? Are all people that don't share your same opinion are "empty in the brain"? There are reason that people think it is more like gambling since you don't know what the price of bitcoin might be the next day. It's like you are playing game of chances, but then again isn't stock market, business and every other thing we do in our life more or less like gambling? |
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Hello
I see in the last few mounths that uniswap became the choice for many new projects and everyone is proud to say (our token is tradable on uniswap)
-snip-
Don't invest just because of the DeFi hype. There might very few legit tokens, but rest of them are scam or at least at some point they will scam people. Just google defi token scam and see how many people are warning against the dump and pump scam scheme and how many scams have already taken place. Those new projects saying that they are proud that their tokens are tradable on uniswap are just creating a hype to trap gullible people. You can do whatever you want with your money, but just think twice before you use it. |
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Not going to lie, but yeah, it is losing it's original purpose. Bitcoin was indeed invented to use it as a peer to peer currency and make transactions without any third party involved. This was done to bring financial freedom to the people.
But the problem is due to it's current state, people sometimes find bitcoin unsuitable to use it as currency to make daily transaction. Look at the fee and waiting time when the network gets congested. Again, bitcoin does seem to have a store of value. Hence for now people use it as an investment option. Sadly, some use it as a get rich quick scheme and are highly dissapointed.
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Well established old altcoins that have active community? Yes, they are safe to invest. New altcoins that popup every day? Nope they aren't safe to invest. Chances are you will lose all your money if you invest in those coins. You might see those coin value increasing 500x, but remember they are being manipulated by the coin creators. Once you invest, you will start seeing the price dropping and eventually die. Those are scam coins. Most of the coins (around 99% to be honest) are just shit coins because they add no extra value. They are just clone of other coins. So avoid those.
But, don't forget, altcoins are more volatile than bitcoins. So invest if you can afford to lose.
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A web wallet is one such wallet. You do not need to use any additional applications to save it. It is much safer. In my opinion, web wallet is much better than mobile wallet. Using it does not require a separate space. Hopefully the wallet will expand further in the future.
You think web wallet is safe? You do know that most of the web wallets don't give you access to your own private keys. This means that once you send your coins to that wallet, no longer are the owner of the coins! Even if they do allow you to access your private keys, they might also have access to it which still bring in the doubt of security. Don't forget, web wallets can be hacked easily if they get access to your username and password. Also I doubt you would store your keys anywhere since you think you don't need to do anything "additional". You better start learning how to keep your wallets safe. |
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Your really in the bad situation there, your winnings will be lost if you will accept their offer and 22k is a big amount especially if it is in USD as you didn't state whether the money is in USD or via other currencies.
Four hours before your message was this, 32k$ of course  ....
From your screenshots, I think there is something that makes me curious.
-snip-
Perhaps, the IP that you use for registration and to play the games and to withdraw is different, so the casino suspicious that your account is not the same person. If that so, they can block the account without having a chance to withdraw your money.
This has to be it OR The "inconsistency" the poker platform is talking about is the difference in the IP address the player logs in and the address indicated in the document he submitted. ...... IsaacOlmos, they already suspected you of irregularity. Your request to postpone the skype interview may have been taken as a delaying tactic so you can contact the person who they think is the actual owner of the documents. Read his other posts. He said that the English Terms of Service didn't prohibit users from using VPN. Though the Spanish one does mention. So what if a person who can't read Spanish plays in that casino? He won't know that he isn't allowed to use VPN. So if OPs account gets blocked because of VPN, that would be unfair and he still can claim for his deposit + profit It's fair not to ruin the reputation of any casino if that isn't necessary. Of course, casino has the chance to solve the matter and prove that is trustworthy and gambler oriented, even if at some point that might mean some financial loss for them. But if that casino doesn't do what is right then everyone of us has right to know which one is it in order to avoid possible bad experience.
Ruin what reputation? No ones reputation is being ruined by mentioning the name. |
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who are those rich who are investing in bitcoin ?
bill gates? and who of them use it ?
I doubt anyone of a public figure is going to announce that they are investing in bitcoin or any crypto currencies. At least those who would like to keep their financial matters private. Even if they do, they won't announce how much they are investing. So your rich elite person due to lack of attention might invest only like 100 bucks and say that he invested in bitcoin. Curious, why are you looking for that person? |
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I use a bitcoin service which has a bitcoin debit card. It allows me to send bitcoins there and these are converted into Euros and put onto a debit card. The way topping up works is that I state the amount I want to top up in euros and then a bitcoin address is generated it tells me the amount I need to transfer in bitcoins. I send the bitcoin amount to the address and then the account is topped up. Pretty much how most of these services work.
The other day I made a mistake and I accidentally sent the same amount two times to the same bitcoin address. I checked my account and my account was only topped up one time. I contacted the company to tell them about the issue and asked them to manually top up the missing second payment. They told me that its impossible and the funds have been lost and cannot be recovered.
I was able to find both transactions on blockchain explorer and I linked both transactions to them. They confirmed the transactions are there and that they received both. So I asked them why they cannot top up my account if the transactions have been received. They told me its because of their policy and rules. And they told me its my error for accidentally sending a double payment.
I am just wondering what my rights are in this case? Technically I agree it was my fault for messing up the payment. But is there any reason why they cannot refund the second bitcoin payment back to me or to just top up my account based on the current value? I would even pay a small admin fee to them but they dont seem willing to help at all.
Read their terms of service. If they state anything about not refunding excess payments, then you can't do anything since you already agreed to their terms. But, usually that does not happen. As long as they have control of the wallet (which they should!), they should either top up your account or send you back the rest of the money as a gesture of goodwill. Would be really stupid of them to hold on to the coins (I wonder how would they file that excess coins they received) if they can easily send it back to you. |
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32k$ of course Here are some screenshots : -snip- I've been using a VPN ? Yes, the same as I use everyday to go on internet. Is it forbidden ? It depends ! It's not mentioned in the English terms and conditions, but it is in the Spanish ones !! Is it a sufficient proof to assume I'm not the person behind that account ? Certainly not For the moment I don't wanna tell the name of the poker room since I'm still negotiating with them. In case they refuse, I'd like to contact askgamblers.com, have you heard about them ? Are they efficient ? Thanks a lot Would be better if you tell us what casino you were playing on. Not sure why you wouldn't want to tell us their names just because you are negotiating with them. Things would probably go faster if they feel pressured once you reveal the casino name. Also we might be able to see if other people faced similar problems or not and how it was resolved. If this is a regular thing , would be best if everyone avoids that casino. You can try contacting askgamblers and see if they are listed. You will be able to open a report against them and they will have to respond or else get bad reputation over there. |
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There is no minimum amount of money to start trading.
You need to understand how the market works. Maybe look at some videos on how to trade. The basics I mean. Then choose a platform and get used to it by learning what features they have. Then start trading with small amount. You probably won't be making any profit at all, but don't get upset. All those mistakes that you will make will be a valuable lesson for you. Just studying won't make you a good trader. Experience is what that will eventually determine how good of a trader you are.
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Sadly there will be some group of people who will still fall for those dumb scams. They see insane offers, they fall for it. Again, there are those people who knows that those are scams, but they still try out their luck. What if they get lucky? But, they don't realize that all they are doing is encouraging those scammers and misleading newbies towards the trap. -snip-
2. DO NOT store large amounts of coins on exchanges.
-snip-
Some exchanges to go down when there is a huge volatility in price. But, then if you don't move it to an exchange, you won't be able to convert your coins to fiat instantly. Even whales transfer their coins to an exchange when the price of bitcoin start to rise and people starts to panic thinking since the sell pressure starts to increase. But yeah, you need to be careful. |
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I doubt anything like that happens. When bitcoin price starts to soar, the price of altcoin starts to drop. This is because people starts dumping their altcoin stash to join the bitcoin bull market. Hence, altcoins drop even further while bitcoin starts to rice. Once the bull market is over and the correction takes place, people sells some of their bitcoin for profit and then buys back their altcoins for cheaper. Hence altcoins starts to rise back but without affecting the price of bitcoin. If people see bitcoin dumping, they start dumping their altcoins too, to buy bitcoin for cheap!
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We believe that cryptocurrency is a large part of the future, of blockchain, is. But there's a big problem right now with accepting Bitcoin as payment. You as a business have a specific profit margin. That profit margin could be five percent, 10 percent, 30 percent.
Although I do believe it is the future. But what I would do if I were you is, I would not take Bitcoin as payment right now. It's risky because it fluctuates so much. And it was like the stock market. What most people don't realize about the stock market, is if you think back into the 50's, 60's, or 70's, or whenever the stock market was a lot newer, there wasn't as many people trading.
Take cash payment and then if you want more Bitcoin, use the cash to buy it. But at least you know if something happens to Bitcoin in a day, and it drops 50 percent, I'm giving a crazy extreme, at least you're not out 50 percent, and you lost money on a transaction. You don't want to lose money because that could make your business go bankrupt.
You want to ideally take USD for now, unless you're super cash rich and you don't have to worry about that. Take the USD, then if you want Bitcoin, use the cash, use the profits to buy more Bitcoin. Because even if you take Bitcoin as payment, if you live in the U.S., what you're supposed to do is, you're still taking some currency.
As I mentioned what I would do is take USD and then if you believe in cryptocurrencies, in the long run, go and buy Bitcoin, hold onto it, but don't take it as your main payment source because it's too volatile when you have thin margins. If your margins are 500 percent, yeah, by all means you can take Bitcoin, you have very little to lose, and I think it's an interesting bet right cause as a lot of successful people say, it's the internet currency of the gold, or no it's a gold equivalent for the internet. What's the difference between directly accepting bitcoin and buying bitcoins later? I mean, you could just take bitcoins from users and don't bother anymore going to an exchange and converting anything. Or you can still accept bitcoin from users and convert part of the coins to fiat currency. Don't just stop accepting bitcoin. You are encouraging people not to adapt the system! And why think about the negative volatility? What if after accepting bitcoin, the price goes up by 50%? Also, someone can consider accepting bitcoin as a part of future invest. |
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Maybe try plinko or minesweeper? Both are provided by CryptoGames. You can try your luck with play money, and if you enjoy and feel lucky, maybe deposit coins and make some profits while having fun. I doubt there are many "non standard" games. Even if there are, I would make sure that the game is fair. There can be this weird fun game, but then you lose most of the time.
Or try different sports betting. Though I would say people play sports betting more for profit than for fun.
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so all countries specially the federal reserve should start printing the money... then they been talking about helicopter money well the usa can take their military copters fill up with money and let it snow the money donw. europe and other countries can do the same lets give to everybody minimum of 10,000$ lets just print money and give to people everybody will be rich becouse they say fiat based system are destined to be doomed anyways so lets crash it all lets print that paper and give to the people a lot cash  lets do it also the chrsitmas are coming everybody will buy the gifts Also lets make the ATM without card so even without work you go to stand besides ATM and you get cash... if you are short of cash you need money you call 911 and they will bring you the cash they will just ask how much you need.   nice plan ? Not sure if you are being sarcastic or serious. If you would like to "fix the economy" (in what terms though? Why do you think the economy is broken? Is it because the economy isn't going your way?), you need to learn about it first. Kinda sounds like you don't even know the basics of economy. How is printing money going to help? Too much money in the economy means inflation. Prices of goods will start to skyrocket. You will have "more money" but you won't be able to buy anything with those since the value of your money will fall. |
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