I can't read the article, because you have to pay for a subscription in order to read full content, but most news portals are always trying to defame bitcoin somehow always they have the opportunity of doing so. But to say the truth, this time they must have brought good luck to bitcoin, because as soon as the article was published, bitcoin started recovering its price 2 days after. Please, Fortune, post more articles claiming how celebrities are in a big mess due to crypto, we would like to see bitcoin hiting 30,000$ this month yet.  |
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Today, since bitcoin passed the 24,000$'s mark, it immediately became a trend topic on Twitter, and people took the opportunity to share some news of bitcoin adoption around the world, similar to the one presented in OP. I didn't know, but it was said 770 shops in South Africa already accept bitcoin as payment method. That is a good signal bitcoin isn't being adopted only by investors, but also by merchants and retail sellers.
As fiat currencies get more depreciated, it's likely news like this become more common each new day.
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Ugh, a bunch of politicians who sucks at their jobs and are dividing our country (the United States) like crazy. As an independent I don't like any of the candidates, and that will make it difficult to bet on I think. When it was Hilary Clinton versus Donald Trump I was absolutely positive that Hilary was going to win and put some bitcoin down on a bet, and as we all know that didn't happen. So I'm not sure I'll be betting this race. Just depends I suppose. The disputes for the presidency of the United States of America have always had this history of being very accentuated and with great division among the population. This is really not a good thing for a country, because the more divided it is, the greater the people's "temperamental" problems. In a scenario that proves to be more favorable to a given candidate, the minority is already beginning to accept defeat before the elections, and when it arrives, spirits are more stable. However, when there is a very fierce clash, the surprise is left for the last few moments and a large part of the population cannot accept defeat or it takes a long time to process it. In the last US elections we saw vandalism, recently in Brazil, which also had a very close election (50.9% x 49.10%) there was also unprecedented depredation in the capital. We hope that the upcoming US elections will be an example to the world and not another disappointment with scenes of vandalism. It doesn't seem like the polarization is going to cease soon. The political scenario turns around Trump and any sockpuppet the democrat party brings to the competition. The country is between two agendas, which are the same since 2016. People don't wake up from this mass hysteria political has become and are completely manipulated by any fake and conspiratorial news posted on social medias, making it impossible any kind of logical and reasonable debate around ideas and proposals. For betting reasons that is pretty good, though, because the results are completely unpredictable and odds balanced in every directions. |
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The earliest bet I made was at the end of elementary school, in a World Cup's match. Each student who accepted participating the betting pool should give 0,40$ to place a guess (it should be exact final score, not only guessing the winner). Some have accepted the deal, but money wasn't collected in advance. So, after the match only one student (lucky guy) matched the correct result and won the full prize, although at least one of the class mates didn't bring the money, as previously agreed, as far as I remember.
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Instead of using centralized exchanges, and going with all verification procedure, I would suggest everyone to try P2P trading and Bisq decentralized exchange.
It looks a possibility. I will check how it works, thanks. If users can't spend $100 to protect their money, they are investing a small amount of money.
Yes, that is what I expect. People are fearful of adopting bitcoin, because they don't know it very well. They have to stat investing small amounts first until they understand how it works and get more confident. I'm going to talk to layman people, who aren't into informatics frequently. I believe exchanges are the tool to introduce these people to bitcoin investment, otherwise I fear it's not going to be possible in a practical way. I have to keep it simpler (and cheaper) as possible. Even a 50,000 satoshis withdrawal fee I think it's already too expensive to transfer coins to a desktop wallet. I assume you meant to spend more "on" a cold wallet but also you meant a hardware wallet.
I have some difficult identifying when to use "in", "on" or "at", my bad. A cold wallet simply means storing bitcoins offline with no accessible private keys, so you can make your own cold wallet with ease without $200 for a ledger or trezor.
People would need an extra device and most of them just have a smartphone. That being said, are you really comfortable with launching such a campaign in a community, telling people they could send whatever little they have to invest to a centralized exchange that might flop tomorrow? I would not take the risks, I would spend more effort to teach them how to make and manage their own wallets rather than having to deal with an angry mob that has lost thousands of dollars because I told them funds are #SAFU.
I will talk about the risks and also mention the possibility of storing in self-custody offline mode, but the idea is that they invest small sums of money to experiment how it works. Something between 1$-10$, so I guess it's not big risk just to start... If they enjoy the experience, they should adopt extra safety measures for larger invested funds. |
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I'm going to launch a bitcoin adoption campaign in my local community soon, and in order to give accurate guidance, I'm looking for the best alternative of exchange to suggest people where they can acquire their first bitcoin coins, and hold them (I know it's not recommended, but people aren't going to spend 100$ or more in a cold wallet).
The main goal is to avoid fees, so they can buy more satoshis with the same amount of money. I thought about three alternatives:
Crypto.com: zero withdrawal fees to bank account, 0,0750% fee on exchanges;
Binance: 0,70$ withdrawal fees to bank account, zero fees on BTC/fiat pairs exchanges;
Local digital bank: zero fees, average 1% spread fees on exchanges.
From the above alternatives, I think Crypto.com is still the cheapest one, unless there are hidden fees I'm still not aware of. What do you think?
Or do you recommend another alternatives?
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But if OP meant to say was if institutional investors would get out of the market this time around then expect that there's a huge drop of the price but just like what I said, over time the price will slowly recover from the bottom.
That is what they did last year lefting the market, so we saw a deep crash in BTC price to 16,000$. Those institutional investors are also heavy speculators, so they must have thought the impact of their departure from crypto market would be even deeper, but thankfully it wasn't and long term investors were able to hold the price considerably. Good news is that each new cycle the influence of institutional investors is decreasing more yet. At some point their influence must be tied with the dominance of every other average investors united focused on long term goals, what could balance volatility to more stable levels. |
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Crypto.com doesn't charge fees when exchanging currencies, but I noticed rates are inferior to the official rates on the currently moment of the operation. Also, you don't have freedom to place a sell order with the price you want. They force you to set a minimum price, above the currently market's price, difficulting the sale. So I concluded they charge a hidden spread exchange fee. Do you know how many percentage is this fee?
I found a local innovative digital bank in my country which claims to not charge fees, but they have the spread thing feature, and informs it stays around 1%. So, technically, absence of fees is a fake propaganda, anyway.
EDIT: nevermind, although they don't display the fees and respective values charged on the moment of each operation, there is table informing the percentages.  |
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Institutional investors are responsible for bringing big money to crypto market, boosting the bull runs' results to the moon. Without them, crypto doesn't have the same potential of prices' increasement on short run, although on long run, with or without institutional investors bitcoin and its altcoins pairs are going to do well anyway, as organic adoption keeps increasing day by day slowly, but surely.
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Not a long time. When I gamble I try to place fewest bets as possible and quit right after, so I don't hit the feared long term where gamblers lose their money. It ends that I lost money anyway after a while, so there is nothing else to do besides staying away from gambling for a while, until I can recover losses, therefore I spend less time gambling yet on the total calculation of hours played.
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You as a crypto adopter would you like to use CBDC if the pairs are available on all crypto exchanges as a way to store yourself some digital US Dollar?
Well, between the currently stablecoins we have disponible which are issued by private companies (which have already been under the center of a lot of polemics) and CBDCs which are going to be issued by governments, I think the second is still more reliable, right? Both are centralized and not 100% to be trusted, but at least the government can give some extra insurance those shady companies don't. However, I'm not sure yet if the CBDC of a determined country will be disponible for citizens of foreigner countries, what would forbid most of us from using dollar CDBC. |
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A halving without effects would mean the demand for bitcoin is decreasing, while what we see in fact is exactly the opposite. Demand for bitcoin is constantly increasing on long term and so far there aren't any evidences which lead us to believe investors are losing interest for btc. Halving is already an historical event which always brought the same positive impacts to bitcoin market. In order to speculate the opposite I think we should have a past halving which didn't trigger a bull run next. All the chances are at bitcoin's favour in this case.
From the many experiences that have existed so far bitcoin has always experienced an increase in price even though it is not significant but still the halving day has had an effect on bitcoin, for the next halving day I think there will be an increase especially now that investors are starting to return to the market and this has been seen in the past few days an increase in bitcoin begins to occur besides that usually investor interest will start to grow before the halving occurs due to a decrease in supply or reduction and obviously this will trigger an increase in demand for bitcoin and will eventually trigger an increase in the price of bitcoin on the market. The halving has always had a significant affect on btc what do you mean? Do not focus on the 'day' as you keep saying but look at how the market reacts after. It will go up that is the point of it the amount of btc being put into circulation is going to steadily decrease so it creates fomo and means that miners do not get paid as much for discovering blocks. The true effects of the halving probably will not be seen until at least 6 months after but you will see it in the next years. If you do not see the effects of it then I would be worried that satoshis vision was wrong but so far the halving has always had a positive effect. Most commonly halving effects can be experienced by 1 year after the event. The expectations is that by 2025 bitcoin will be in a new bull season, towards a new ATH. It's true there are no guarantees, but I'm pretty confident that prediction is going to come true by looking the degraded state of fiat currencies, the adoption of CBDCs by governments, lack of trust from average citizens in centralized parties and institutions, and trust plus reputation bitcoin has been building since the beginning. |
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just Buy instead of anything , better to buy now as it was very low and of course to expect a return in the future because this is the most promising coin from bitcoin .
It should also be noted that Ethereum has reached ATH at a price of $4891 and this is an extraordinary achievement. Currently the price of Ethereum is still around $1500. Ethereum is the most promising altcoin after Bitcoin and is the top Altcoin that can follow Bitcoin prices. There is nothing to doubt if buying ethereum for the long term. After Ethereum's move from POW to POS, transaction fees are also cheaper and the network is running well. In the future we will see that the current price is too low. Profitability of ethereum must come with the profitability of crypto market as a whole, always following the tendency of bitcoin. ETH is the strongest altcoin in the market, so besides bitcoin, there are high chances ETH can also overcome its previous ATH in a future bull run. Bitcoin is the king of crypto market and ethereum is the king of altcoins market, so it's natural to assume the investment is still hot and full of potential, although it should never replace bitcoin in an investor's portfolio. |
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A halving without effects would mean the demand for bitcoin is decreasing, while what we see in fact is exactly the opposite. Demand for bitcoin is constantly increasing on long term and so far there aren't any evidences which lead us to believe investors are losing interest for btc. Halving is already an historical event which always brought the same positive impacts to bitcoin market. In order to speculate the opposite I think we should have a past halving which didn't trigger a bull run next. All the chances are at bitcoin's favour in this case.
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Hmm, how do we call this thing, being lucky or truly unlucky that a pack is so cheap? It's usually around 5-7 for a pack here depending on the blend. I'm usually against taxation but making things like alcohol and tobacco cheap for countries with low income shouldn't be a thing, normally one should think of making them even more prohibitive than in rich countries where they can afford this, but it seems like every politician wants to keep those cheap Panem et circenses to keep the masses happy. Lucky or unlucky, it depends on the point of view, I guess. Even though cigarettes' costs here are much cheaper, the corresponding percentage to taxes is already quite high: it can reach to 88% of the product's costs, depending the state of the federation. It's considered the good with highest taxation of the country. Anyway, I suppose the quality of the cigarettes you have access in your country must be superior (composition, ingredients, blend, texture, etc). Also, despite cigarettes being cheap, there are people who still go for cheaper illegals ones from international smuggling. Can you believe that?  Yeah, you have low costs with gas and probably bike transport, low wages, if that is applied to a high-density populated area you can bring those fees down, anyhow I have zero delivery fees here for some only shops but it still can't beat in store prices, at most it'ss the same prices but you will never get a better deal online alone for groceries, most real good deals are of limited availability and not even feature in the app as they are sold out in hours.
Second, most of the chain stores have a 20-50% discount on products near the expiring date, those are only for in person so somebody in desperate need of savings will still go to a physical store.
I still think that the best way to save is by what you buy not really what method of shopping you use.
Transport is mainly done through highways by trucks. Diesel costs about 1,30$ per liter. Wages are minimal for most workers involved on the process, that is true. The point is that there are many warehouses being built by different delivery companies in key positions, so they can supply the largest number of cities around in a minimal time frame, with reduced costs. There is also a lot of partnership among different stores, so when looking for a product in a popular shopping website, they will contact an accessible partner who has the product you are looking for and he will execute the order. Physical stores are more expensive because you pay for the seller's comission who treat you physically in loco. |
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Bitcoin has almost hit 24,000$ in the end of January, what could have been its best January performance since 2013, at least. Instead, we saw a correction back to 22,000$ price range, although right now bitcoin is already recovering again, back to the 23,500$'s, in this February month which started with an intense positive fluctuation.
Now the expectation is that bitcoin hit 24,000$ sooner or later, consequently maintaining the positive trend which has started in January and continued during the whole month. I don't see signals which could indicate bitcoin is going to drop for now. The market is looking better and better each new day on this new year of 2023.
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Many gamblers reach to crypto casinos as referrals from a promoter through reviews' websites, banners or pop ups' advertisements, signature campaigns on this forum, streaming and videos in general's platforms, social medias' posts... There isn't a guaranteed recipe to follow. You have to have a popular advertisement tool, what involves a large audience under your disposal, so they will have access to the content you promote, that is, your referral links.
The maximum number of people I referred to a gambling website was 468. I did it through posts on Facebook, promising to share the largest portion of the comission I made from referrals with themselves. So, you also have to offer them some benefits in order to make them sign up through your personal link.
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Another thing about this idea:
Using a native token exclusively could make the casino to highly depend on the speculative market to handle their bankroll.
In short, if they token is having a good month in the market, then in theory the casino is having a good month, it also works in an inverse way. More than a casino chip, the token would behave like a share of the casino itself.
Even if the casino decided to keep some reserves in USDT, those are likely to be obtained by selling the native token itself, which could discourage people from buying in fear of a big sell by the casino (which is a whale as I previously stated).
It is better just to stick to Bitcoin and popular alcoins which people are happy to use already.
This idea is really too risky. If the casino isn't able to maintain a stable routine of gamblers on their platform they are going to suffer with severe volatility, what will definitely discourage gamblers from playing there or from holding their native token for long periods of time. Casinos' projects which developed native tokens and promoted it as a good investment for holders have already failed before, if I remember correctly it happened with a titan casino from the early years of crypto called BetKing. On the other hand, if the developer has a very creative idea of a gambling game, which can become popular in an unique way, I still think the idea of launching a native token can be successful. |
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There is 1 thing you guys are missing here. Once the 1 year self exclusion ends OP will be forced to gamble with the funds because you cant deposit and withdraw without having made a 100% rollover. "The player needs to wager 100% of the value of their deposit in order to request a FIAT withdrawal." So basically they say we have to respect the self exclusion but once it's over you have to gamble to receive your funds. On the one side he now has a 1 year "safe deposit" but to get it he will have to risk it  . That's a problem. But the ultimate question is, what was ops intention in depositing the money into the casino, from all sense, it is obvious ops set up a self-exclusion on that casino and moved on to another casino wanting to make a deposit and he mistakenly sent it to the self-excluded one. *this is obviously the case here so all that the ops can do is to wait out the self-exclusion timer and once the 48 weeks as mentioned by ops is reached he will have access to his funds again. I guess it shouldn't be that hard to gamble 100% of the deposited value in order to withdraw it, if OP still wants to give a break from gambling after the self-ban expires. He just has to execute a relatively safe strategy focused in wagering amount, instead of profits. And then, next time that he can be more careful before depositing at casinos where he has activated the feature. And in case he has issues with gambling addiction, that he seeks for help immediately. |
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On the other hand, it's kinda misleading as well, specially for newbies who see the bitcoin gold logo and investigate and then began investing thinking that what they are putting their money is the true bitcoin.
And even though bitcoin logo and format are open source, in my opinion what this businessman is doing is a kind of plagiarism. If he wanted to support bitcoin somehow, he could have added a bitcoin logo in small size on the packages of his products, with that popular saying "bitcoin accepted here", within a deposit address and QR code, but never putting bitcoin as the brand of his business. |
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