According to Glassnode, bitcoin on exchanges continues its macro decline with exchange outflow. Bitcoin balance on exchanges continues its macro decline, reaching 12.6% of the Circulating Supply (2.4M $BTC).
Exchange balances have now seen a macro outflow of over 4.6% of the circulating supply since the March 2020 ATH. This only means that bitcoin holders are not selling and this can lead to increase in bitcoin price. The increase may not be that significant to get bitcoin to all-time-high but an opportunity for people to hold at low price and make passive income. |
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It will be more ideal and profitable in the end if you as an online casino owner is also skilled and a good player from the start. Because the fact is, you can’t be good or successful enough if you are not a pro in most of the games because your experience will reflect the future success of your planned endeavor. And I don’t think looking a potential partner will solve that, at least you, yourself can be a good solution in the first place.
You do not really have to be skilled and to be a good player before you start a casino or any other gambling company, if you have the money, you can start a gambling company that is fully licenced by the sport regulatory organisation in your country. You can get skilled people to work for you. No matter what, as more people gamble using your site, the more you earn more money. |
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Many good profits in gambling is what makes many gamblers to never quit on gambling and this sometimes do have effect which could be make us addictive.
People that are addicted to gambling often lose than win, those that gamble more than often usually also lose than win, those that gamble more lose more. People that only profit in gambling are those that do not gamble often, such people have time to analyze and be in their right mindset to choose the best of game. Some paying jobs can not even give us what we want in gambling and this is alone can make us spend more time in gambling.
Are you sure? Are you one of the people that make it in gambling than your job? I guess not. Best not to depend on gambling, that could be the beginning of failure as the person will gamble with wrong mind set and emotion until he will lose all. |
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Nobody is arguing that and we all respect Satoshi Nakamoto for being the creator of bitcoin and blockchain. But what are signature campaigns have to do with this?
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I support the team I love because they have their training ground just 10 minutes away from where I live,a simple 10 minute walk and I can follow every training they do if I want.I go often to see the training as it inflicts in me some confidence that when I go to see the game in the stadium over the weekend I know they have trained hard and I expect only a win from them.This is not always the case as every team can lose games but overall I follow and support them because I have done so from quite many years until now,they even one time got relegated to 2nd division yet I kept following them,it is this that I call true love for a team,you follow them anywhere.
I am not from Europe but what you said make me think that most people in Europe may prefer to support the clubs that are in their location. In the state I am in my country, the club there is not that good but if any match will come up, I will still passionately just support my state club just because I was born in the state and also living in thee state. |
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I don't think that's the case for the casinos who have a direct betting with Bitcoin or other altcoins and has the betting limit set in Bitcoin value.
Since you're actually betting on Bitcoin which also means you will win a percentage in Bitcoin as well not in dollars. So, regardless of how much the Btc price is, still it doesn't matter coz again you are betting with Bitcoin.
I do not know what I will think if I have some amount of money in bitcoin on a gambling site and all of a sudden, the price of bitcoin falled from $48000 to $20000 which is more than 50% loss. Yes I agree that a gambler betting with bitcoin is betting with bitcoin and 1BTC equals to 1 BTC, but people will always think about this as they passively lose money. I do not just bet with bitcoin, I do that after significant bear market, when I know that bull market will be certain than further bear market. |
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There are actually quite a few streamers playing for their own money, but as my marketing experience. And I can also tell you that some streamers will have sponsors from online casino websites to invite them to play and make videos with free credits, and indirectly advertise it to attract subscribers and I am also happy to see it and indeed it will make people want to do it.
Definitely no beginner streamer that will not play from his own money, that is normal because the streamer do not have viewers or enough viewers yet, but once the streamer have enough viewers which should be their first goal, they start making money from views, but their second goal will be about them working for gambling companies, to help the gambling sites to promote their services and offers and site generally, the gambler sites also will give them free bets/offers to gamble with while some streamers will even be paid. |
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Yes, it isn't an ideal move for professional gamblers. It couldn't even maximize the profit. As an ordinary gambler, I also prefer betting fairly by just enjoying the entire game. This strategy isn't an effective way of increasing our gains so it would be better to focus on the game and just wait for the final result.
I have used cashout many times before, I later realized that it was not profitable for me, I remember a match the opponent scored and I later cash out the money in some losses, but later the team I supported won, but I cash out the money in loss. During matches I do also check the amount to cash out, the betting sites I was using only do it in a way to favour them and not favoring the gamblers, this is how it would also be on other betting sites, cash out is not advisable to be used, it is good to just stake and leave the whole match without using cash out. |
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newbies cannot message other members, they are restricted by default but ranks above can make use of this feature and communicates effectively.
Newbies can message other members. But by default, newbies can not be able to message other members unless 'allow message from newbies, is checked, that can be done on Personal Message Option that you can see at the left side after you clicked on your profile. |
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bitcoin can still be use as a substitute of USD in El-Savador, it is not by law quite alright but the people can decide to get involved with the use of bitcoin than fiat, if we consider well what El-Savador did, we will see that he made the two options available, use bitcoin or fiat USD, that is why you see the government of US and IMF having the fear of bitcoin not overriding fiat USD being the central currency.
According to what you posted, it is still an alternative so far El Salvadoran government still allow the use of US dollars, it would still be considered as an alternative, not a substitute. then the price now will be very very cheap compared to later after every country is open with bitcoin. am in doubt about this, the price will rather increases than reducing, this is what determine it value, though there might be seasons of bearish moves but the value remains incomparable to other cryptos or the fiat itself, this is what makes out the uniqueness in bitcoin. Do not misunderstood what he meant about this, he meant that some people can see bitcoin to be expensive today, but later, the price will increase and what is considered expensive today will be seen very cheap tomorrow (in the future) just like we seeing bitcoin at $1000 to be expensive in some years back, but now the price of bitcoin has so much more increased. this has been discussed previously by ddmrddmr when he share a statistics of El-Savador's bitcoin invested, value, cost, loss and win, and the likes, in short he statistics are well explanatory in a table, here's the link: https://bitcointalk.org/index.php?topic=5342087.msg60612784#msg60612784 and lastly let me correct you that the bitcoin is not Nayib Bukele's coins but the entire El-Savadorans, base on your statement, i will also recommend you to read more about El-Savador's volcanic bond and this link as well will be of help as well. You are right about this. |
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The Bitcoin market has adopted Salvador as a symbol.
To be sincere, I do not understand the meaning of this, probably you meant bitcoin is adopted in El Salvador, as a legal tender. Nothing will bitcoin market has to do with this the way you used it. the reality today is that the people who continue to make fud and associate it with el salvador are the ones who misunderstand.
they thought that bitcoin had replaced the dollar in el salvador. even though bitcoin is only legalized in that country as a legal tender, not as a substitute.
Yes, bitcoin is adopted in El Salvador not as a substitute but as alternative to fiat (US dollar). Just like other countries that support bitcoin, Salvadorans can decide not to spend bitcoin at all, anyone that want to stick to US dollars can do so. I see it as freedom and life made easy for the citizens. even the decline in bitcoin actually didn't have much impact on the citizens of el salvador due to the fact that most people there still use dollars more. the difference is there we are free to use bitcoin for legal tender.
It has impacts, but positive impacts, if you follow this thread, there have been posts regarding how Salvadorans are using bitcoin, some accept it for their salary payment, it is even used in remittance, used in sending from abroad to people in El Salvador, the bank long process and more transaction cost can be avoided. Nearly most of the bitcoin used in transaction linked to Chivo wallet are converted to US dollars. But as of El Salvador government that are holding bitcoin, some critics said they are losing already. It is known already that the critics and people that think like that are focusing on what is not, but not focusing on how bitcoin has positive impacts like in tourism and other opportunities bitcoin adoption could bring to El Salvador. bitcoin price is now very high when you see from the beginning of its creation. and when we look at the world map. then only a few countries allow their people to invest in bitcoin. and only a few countries that have legalized it as a means of payment such as el salvador. I imagine one day every country will start doing the same thing as El Salvador. then the price now will be very very cheap compared to later after every country is open with bitcoin.
so it's actually not too late to get in now. because the true potential of bitcoin is still completely unseen. I believe in the next generation where people are smart with technology and communication knowledge then that's when bitcoin will really be accepted in every country. even the enemies who have been cornering bitcoin all this time will secretly collect from now on so they want to be the ones who continue to dominate the market.
You are right, but I use the wealth distribution in the world to make such conclusion, people that have bitcoin in the world are not more than 5% population of the world and much wealth would still be used to buy bitcoin. Bitcoin marketcap today is around $500 billion, this is nothing compared to the wealth in the world, increase in bitcoin marketcap over long term is certain but it will be a gradual process. But know that only few countries totally banned bitcoin, even citizens of countries that only implicitly ban bitcoin are still investing because they still have the right to invest but just not to take it to business level. In the countries that totally banned bitcoin like China, even the Chinese government still knows that many Chinese are still buying and selling bitcoin. It is seen illegal in such countries that have total ban on bitcoin, but just telling you how bitcoin is not fiat that government can have total control over, it can be used in a decentralized manner which makes government not to have full control over it. |
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The cashout feature will just be an option for me and I won't even bother to TAP or HIT it regardless of the game situation. It's good to win the amount that you expect in return. In the first place, we choose those odds out of our fearless forecast on upcoming sports.
It would really be painful if a gambler thinks he is losing, use cashout to take his few money that remains from the amount he used to bet, but after, the team taken to win equalize and won the match. It is truly just good to leave the match until it has finished. This job is only for professionals, it will only make our job complicated, so if you are an ordinary gambler, all you have to do is to enjoy betting on a team that you think will win. What OP is saying is like a gambler becoming a trader, I don't do that though I'm aware of what OP is talking about.
There is nothing like professional in sport gambling, it is basically a game of luck after you analyzed and take the right team to win, even if some people you called professionals are gambling, they do not go for cashout because they would have followed all the right rules of gambling, using small amount that will make then not even think if cashout. |
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I do not think it is wrong, we do not know what will happen in the future until it happens, but if bitcoin continues to repeat its price pattern, that means getting over $100000 is certain in the next three years. Most of people are considering halving, that people again will invest big in bitcoin which will make its price to rise again.
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Do you think social media is now becoming more a place for business than socializing
A place full of active millions of individuals will surely become a marketing place. Even on offline places, where there are many people, such place will become a place for campaigns and marketing. It is normal for organizations to advertise on social media. |
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Since the minimum fee to make a transaction is 546 sats, and less is considered dust, the question has come to my mind if it is per input or summed up for a transaction.
I suppose it is per transaction but assuming that it is so, I am not clear what minimum fees would be paid in the case that I have two inputs, with 547 sats, because having two inputs also makes the transaction more expensive.
I know this is very hypothetical, but it is to try to understand it. Then I can apply it to 10, 100 or any inputs of 547 sats.
Dust limit is different from transaction fee. It's possible to make a transaction with lower fee.
A segwit transaction with 1 input and 1 output has a virtual size of around 140 vbytes. If you set the fee to 1 sat/vbyte, the fee would be only 140 satoshi.
That is true. He is confusing dust limit with transaction fee. I do make low fee transaction of 1 input and 1 output with very low fee. Example is this transaction which bitcoin is sent from a native segwit address to a nested segwit address: https://www.blockchain.com/btc/tx/332a58315b7a13c08de89db1f84bffd30013632ff7c4476c7f3ceaa67cfb64c7The fee used was 111 sat, the mempool with highest fee priority at the time was 1 sat/vbyte and the transaction was confirmed very fast within 10 minutes or around that time. But then, if I set the fee to 1 sat/vbyte for that 1 input and 1 output transaction, thus only 140 satoshi, it wouldn't be processed because the dust limit is 294 right? Or am I missing something here?
Yes it won't be processed if you have lower sat than the dust limit. |
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If there is option to use fiat like US dollars to trade, it will be the better option to go for, the coins are backed by US dollar or fiat. For algorithmic stable coin like UST, never go for that type of stable coins, they are often known to lose their peg.
On exchanges, there are few options to go for, I would have preferred Dai, but on most exchanges that I know, the two most common stable coins are USDT and USDC which are also the two stable coins with the highest marketcap. Traders do not have options than to go for the coins to trade, but fiat would be better. BUSD is a common stable coin used for trading pair on Binance.
Coins like USDT and USDC are fiat backed, unlike algorithmic stable coin, they have not lost their peg with the fiat they are backed with, unlike algorithmic stable coins, they are almost stable with US dollar price.
The stable coins can be freezes by the company that created them, but it is exchanges that we are talking about, traders do not consider that because using exchanges also means that you do not have complete control over your own coins.
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https://blockchair.com/news/extreme-demand-for-btc-at-20k-creating-new-support-levels-glassnode--1b90dcb55dI recently saw this in a news that short term holders (STHs) are not selling bitcoin for now and maybe it would be possible that the STH will become a long term holders (LTH) and may not sell at least for 155 days. In the latest The Week OnChain Newsletter published on July 25, Glassnode’s UkuriaOC pointed to “extreme demand” around the $20,000 region, noting that at each psychological price level from $40,000 to $30,000 to $20,000 creates a new group of short-term holders (STHs).
The Glassode analyst noted that much of the supply that new STHs bought during that drawdown has not been sold even though prices are significantly down. This may be due to less price sensitive buyers, or those who care more about Bitcoin fundamentals than investment gains, driving demand.
The Glassnide onchain newsletter about the reportThe report concludes by stating that while the “worst of the capitulation may be over,” BTC could remain in this low range for some time as the cost basis for new coin buyers has diverged below the realized price for only about 17 days straight. Previous bear cycles have endured low divergences between 248 and 575 days. What do you think about this? Some analysts have said already that bitcoin may fall below $14000, but some bulls are not ready to sell, they may only sell when bitcoin reach a significant high price only which may not happen for now. Is it still possible for bitcoin to fall below $14000 that some analysts predicted when some bulls are not ready to sell yet and some even bought more bitcoin at a price below $20000.
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  it has 80 confirmations, but my wallet balance is still 0 Make sure your wallet synchronize with the blockchain. Make sure that your device is connected to the internet. This is what I also think could be the reason. I couldn't see the necessary information on that images, example is on the history, to know if the channel is closed or not. It will be good if you ask your question on this thread to get better answers to your question: Electrum Lightning Network walkthroughRath_ will also be able to see this your post through notification. Wait for better answers. |
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You should never say something like that is impossible in the world of crypto. I agree, all CURRENT algo stable coins should be avoided 100%
After many several unsuccessful algorithmic stable coins that have been created in the paste, Do Kwon was still overconfident to make an algorithmic stable coin. But what happened? It failed. But to discredit algo stablecoins is a dangerous idea ... and actually damages what makes bitcoin have value...
There are other stable coins that have been better and remain almost stable as the fiat they are pegged with, unlike many algorithmic stable coin that become failed. Most successful stable coins are basically fiat backed. |
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You force closed the channel, it should be successful. Go to history tab, check if the transaction to close the channel is there already and also is it confirmed already? If confirmed, you should be able to make onchain transaction with your coins.
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