Like many other questions about the 'best' thing on here, this is going to be subjective to where you live and the circumstances that are around you right now. Lets say you live in the United States and don't care about showing some identity verification stuff online -- I'd probably go ahead and refer you to Coinbase / Coinbase Pro (Depending on the type of trading your doing, but still) I'm not going to refer someone who lives in a no-name country that Coinbase doesn't support to Coinbase.
This is something which is a case by case basis. But some of the 'best' exchanges in my opinon are without a doubt Coinbase, Kraken, Bitfinex, Gemini, and so on and so forth.
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Well the economy follows this cycle, referred to as the business cycle. Where we follow a pattern of boom and bust all the time, we will continue to follow this forever. Though we will ALSO continue to go higher and higher -- as the population of the world increases we're going to continue up this path of the market / economy growing. I'm not talking about astronomical gains, but overtime we will end up bigger then we were the decades ago.
With more people there are going to be more workers, more consumers, more this and more that. More people = a growing economy.
So yes. UNLESS we face some sort of supply issue where we can't sustain the number of people on earth.
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This is something which is going to be subjective to your internet and your connection to the server that is hosting the dice place. But I would say on an average people report that crypto-games.net is pretty good when it comes to speed and the minimum bet requirement which you stated above.
I'd test some of the big sites for yourself though, just to confirm it.
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Without a doubt a good number of the people that originally got into bitcoin for the tech, aren't people that care about the price. They're in it for the long haul to see bitcoin thrive as a currency, not to see some sort of FIAT gains. These are the same people that hate fiat and want to see it fall -- do you really think they're going to be fine with going back to fiat for some fiat? (While this may sound confusing, people aren't going to forget about WHY they joined for some cash)
So yes, these people got in for the tech and most likely are going to stay here for it.
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Just as a request to keep people safe what you should do is a have some popups for people to use metamask on the site instead of exposing their private keys to you. This is, without a doubt, going to help in making people feel more secure on this site (even if your main goal isn't to get customers, it's just to have a little hobby on the side)
I must say this is pretty cool though, may I ask what code you're proficient in? I may have some work that I may need done, unrelated to Bitcoin completely but I am looking for some coders.
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If we all HODL, it can actually go either way. But most likely the price will increase since there will be no people selling for others who wants to buy. So basically, as long as the demand is there, buyers will increase their offer so that HODLers will most likely sell their coins. If there is no demand, then there is no point in selling since no one is buying.
This isn't true, there's no way to go both ways if EVERYONE (and yes, we're talking about everyone here) is HODLing. If no one is selling, or just for the reasons of this theory -- if only the NEW coins are being sold, then you're going to see a large spike in prices. As people are going to have to pay higher and higher amounts for these coins as the demand is going to be high for the small amount of coins that are being sold. I'm also assuming a given that demand is still high for buying as it is right now. So, the price would skyrocket. But this isn't a realistic way to look at the market.
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The article isn't really true to the fullest regard, as it is saying that they will DEVELOP a cryptocurrency. The last PRESIDENTIAL DECREE will encourage the development of crypto innovation in the crypto space. The country isn't doing something themselves, this is something which is attempting to promote innovation -- pretty much just trying to get private enterprise to bring crypto business to the country. Read a real article here - https://www.ccn.com/new-presidential-decree-will-hasten-cryptocurrency-legalization-in-uzbekistan/Have fun with that folks.
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How much BTC do I need as a bankroll to start a dice site? (Excluding development)
there is no perfect answer the more you have compared to the max win the safer you will be , but as devans stated 1% max win should be fine it doesn't necessarily means that you should offer 0.5 BTC max profit , some sites offer lower than that like 0.1 or even lower and you can of course run an investor based site when you basically take no risk at all but you will profit way less Then again, for sites that do this, they have a LARGE issue attracting the best sorts of investors -- which are the whales that bet massive amounts of money. I would think a max min of 1 percent is fine, though if your bankroll is below 100 bitcoin I couldn't see you being able to attract too many whales. I don't think anyone wants to be betting for under 1 bitcoin if you're betting large amounts. Bankroll is only one part of the site though, you're probably going to need a large amount of capital to have the site developed, company setup fees in an offshore island (depending on where you live, though you're probably going to need this), hosting fees and so on and so forth. You're probably looking at spending around 20k in original setup fees and such. Not something which is going to be easy to do, plus you're going to have to be different then the REST of the competition - which there is many -- I do hope that whatever you decide to do works out. Goodluck!
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Without a doubt, your best bet is going to allow people to follow your bets on here if you're going to ask them to go to some sort of 3rd party media channel (such as Discord) you're not going to get much attention. This would be an amazing way for you to grow your image in the betting community and you may even be able to get some tips OR even make your service paid if you're THAT good at betting.
I'd explore both if I were you. Could make a good chunk of change, just don't be wrong!
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While I'd love to say that I'm surprised by a third world corruption-riddled nation doing such a thing, I'd be lying if I was to say I'm surprised. Of course, this corrupted country is going to start taxing anything under the sun, that's the first sign of a government which is going out of control.
Makes no sense, hopefully, the people of Uganda can cause enough issues and protests that the government will rethink the decision. But until then, countries should start disavowing them. Maybe even some of the big tech companies will leave the country and cripple the government completely, I guess we'll see.
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Banks will NEVER become obsolete, they hold a stronghold on governments -- by lobbying politicians to be able to do their bidding for them. There isn't a force (within the finance industry) which is big enough to be able to stand up to them. We can use Bitcoin as a way to change the inner workings of the banks, and maybe even have them change their ways a little -- as bitcoin could be thought of as competition to the big banks. But the banks will NEVER go away, they have too much power to ever allow themselves to go away.
They will fight to the end, and if it means killing a couple new currencies (such as Bitcoin) they will do it with ease.
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If you're selling Bitcoin for anything, you're going to have to know the regulations that are in place regarding this. It ALSO highly matters to know what state you're in, because if you're in New York you're going to collide with the BitLicense, which is a license that New York passed that you'd have to comply with if you're going to buy and sell bitcoin --> this is going to cost you somewhere in the range of 100k to millions, so it isn't economic to sell bitcoin in New York unless you're a big company.
If you're in other places of the United States, you're probably going to need some sort of license from FinCen as you're dealing with currency conversion. Goodluck, I would just avoid this all together if you don't want the government to reign down upon you.
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India is not Japan or China. India is a poor underdeveloped third world country. So, whatever happens in India about Cryptos is immaterial to me and has no consequence in the world finance. If the India government likes let it also ban bathing or eating, the rest of the world won't care.
While this is may what some people think, India is a huge market that companies are flocking to -- such as Apple, Google, etc as they have all already sold their products in china and consider India as the new frontier with a billion or so people to try to sell too. India isn't a third world country, they may be poor but I wouldn't consider them third world. Crypto could play a large role in India, as if these big companies see a market in India then we MUST see an opportunity for Crypto growth in India. I don't know about the big banks in India personally, but I could assume that they have the same corruption and such problems which are present in the United States (and other world nations)
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While this may seem like the case right now, regulations can only go so far and can only help for so long. There is a time when regulations go too far, sometimes meaning to go too far, in an attempt to cripple something through regulatory action. I could, without a doubt, see governments funded by bankers (politicians funded by bankers really) doing this in order to kill bitcoin so it doesn't hurt the big banks at all. I've thought time and time again if the banks ever have an INKLING that bitcoin is going to hurt them in the lease -- they're going to kill it INSTANTLY.
That's the way it goes.
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Btctalk name ✅ Squatz1 Rank ✅ Hero BTC Address ✅ 34BRUJJE2ctHv4PRVVnndkCc8iT6gyVVAv Wear Appropriate Signature: pending conversation with Campaign manager Wear Personal Text: Make winning bets on sports with Sportsbet.io! : pending conversation with Campaign manager Wear Avatar: pending conversation with Campaign manager
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Even though I did also post in the google form, I did also want to post here to confirm that I am in this signature campaign. This is just for my own records, thanks Lauda!
EDIT: I'll be leaving the campaign, sorry.
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Hey there, I'll be leaving the campaign. Thanks for letting me be here for some time Lutpin.
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While this has been already confirmed, and I must admit I'm not too familiar with the tx prices for ETH off the top of my head. I did find this site which could be a pretty good resource for you https://ethgasstation.info/It shows that the average tx for eth is .39 cents -- while you paid approximately 20 cents or so. Well below the average acceptable price. I would check this before going ahead with another transaction so you don't end up in this situation again. Goodluck!
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Impact is going to be minimally, this ban was put in place in an attempt to curb the amount of crypto scams the facebook community was being placed in due to the people that were abusing the gain in value of crypto to trick people into buying into their random crypto related services. It was a good thing that crypto ads were banned, I do hope that they curb the scams and make sure people are ONLY getting real and legitimate services. The first impact its going to have is on altcoin and ICO markets as most of the ads are ran by these projects while no one runs ads promoting Bitcoin. But it is going to indirectly help bitcoin too as for making a entry into the crypto market you have to first buy Bitcoin and thus it will indirectly increase its prices and demand.
This is true, most of the ads aren't for bitocin. They're for ICO projects and for altcoins, so maybe they'll go through a stage where they get some more users. But then again, only time will tell.
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Username: Squatz1 Post Count: 2163 BTC Address (must be SegWit):34BRUJJE2ctHv4PRVVnndkCc8iT6gyVVAv
Thanks for the chance to be apart of the campaign, if I'm accepted I'll go ahead and change my signature.
Trying again for this, hope I'll get the chance to be apart of the camp!
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