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2801  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Can We Expect Gambling on Axie Infinity? on: July 22, 2021, 09:37:49 AM
We're not sure about the whole mechanics but this is actually exciting since there's a lot of good players already with AXIE and the only problem here is their server which they are already working to fix it.
That's why in their recent announcement, they are going to create a dedicated server for this, to make sure there are no interruptions or any delays with what they are going to do. But since the contest that they are holding is for the "theme" or how the event will take place, then we are just here to wait for how this will go.

https://axie.substack.com/p/axieesports

Questions are, if there's already a competition in AXIE is there any gambling site that are willing to add this options to their E-sport?
Once there is an event that makes this official, it wouldn't be a surprise to see if sites, especially if crypto-related websites, put this in their books. Another potential source of income.




This is exciting because I feel the events that are going to happen will be held in the Philippines (most Axie players?) lol.
2802  Other / Off-topic / Re: It's Take Time to perfect your SKILLS on: July 22, 2021, 08:02:51 AM
Yeah, especially when it comes to discussing technical things. You need to be concise, unfortunately I'm not that great at being concise, and tend to over elaborate.
I think it depends on the topic as well and who you are explaining it to. If it includes technical words and applications, then it would be hard not to elaborate on it especially if you are talking to someone who is a newbie on it. And if not, concise is the way.

It's somewhat okay, for me, to over-elaborate to make sure that you have said everything you know but it's kind of hard to read, that's always the case. That's why when I post a large amount of text, I make sure to highlight or bold the specific terms that are important in the whole context and make sure people who skim it get the idea and what I post is absorbed.
2803  Economy / Trading Discussion / Re: How to profit from crypto arbitrage trading on: July 22, 2021, 07:56:31 AM
Is this an app? How does it work? It must be expensive too. maybe for a small trader like me it will be difficult to have it.
This is installed in your personal computer or on a VPS. It's quite expensive since it's a one-time payment for every license. So of course, it would last you a lifetime. It's not that hard to get if you visit the site I included in my previous post.

As long as I was a trader I worked manually. I have to choose a con that has fast transactions and low fees. Several times, my experience has not been entirely successful regarding the arbit process, but at least the tips are coins that have fast transactions, low fees. Because the price difference usually does not last long.
It's pretty much impossible to arbitrage manually especially in crypto where market moves so fast since a lot of traders utilizes bots.
2804  Alternate cryptocurrencies / Marketplace (Altcoins) / Re: Can We Expect Gambling on Axie Infinity? on: July 22, 2021, 06:35:47 AM
Pretty sure as long as there is a mainstream event and involves matches, there would automatically be odds in the equation on whether or not they have past information on the player. There are already people talking about having a competition with it and give prizes in their own places. This is possible because you can play with your friends in the game and just have fun and put money on the line. That's more exciting that way.

There could be gambling involved for sure.
2805  Economy / Economics / Re: Stablecoins 101 on: July 22, 2021, 02:25:54 AM
There's no excuse that stable coins are a thing, and they have been helpful for everyone to trade and accumulate, etc. How about the US Governments want to have their own CBDC's? This is closely related to how they want their system to do and still have that "control" they always want.
2806  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Why the hate on binance exchange on: July 21, 2021, 07:55:19 AM
What hate are you talking about? Is it all the regulations being reprimanded to them that they say that they don't comply? Or some sort? Many envious people probably aim to have the same thing Binance has and wants to copy and reach.

Anyway, I hope you include some sources as to why you are saying this. I can't seem to find hate other than regulations etc. 
2807  Economy / Speculation / Re: BTC has fallen below 30,000. Is there still room for appreciation in the future on: July 20, 2021, 11:37:15 PM
That news is so far gone that it is not the reason for this price decline. I guess many people are trying to cash out, and as they say, if it's the dip, you buy the dip. Lol.

Anyway, it's the same as before when BTC reached an ATH, and then people started saying that it will never go back, but then a few years later, it reached another ATH. It's not a sure-fire way to return to that price, but at least you know it has been occurring continuously.
2808  Alternate cryptocurrencies / Altcoin Discussion / Re: Red flags in the bear market.FBI Warns&Dow plunge. on: July 20, 2021, 03:51:05 PM
There are a lot of possibilities that result in this kind of movement. Possibly, a very powerful person wants to buy crypto at the best price. Maybe a group of people or a person that has a lot of BTC decided to sell his stack and wait for the market to go with him and then buy it back at even a lower price (whale movements).

Depending on your conclusion, you wouldn't really know. It's best to approach it with what you can do and what you can control. Like being in the market or staying away from it until it dies down.
2809  Economy / Reputation / Re: Managing bounty may seems easy but it is not a easy task at all on: July 20, 2021, 03:32:59 PM
It just looks easy but based on the amount of work needed to be done when computing and checking different accounts to see if they qualified or not, it's a tedious task for sure. I have read somewhere that this should be a full-time gig and not just a side-line. This is to ensure that the managing of the bounty or campaign has excellent quality.

What makes it easier is that there could be tools to help you optimize your process and possibly develop a system that you are comfortable with.
2810  Economy / Service Discussion / Re: Mechanics of Crypto Exchanges on: July 20, 2021, 03:14:09 PM
Are you possibly going to create your own cryptocurrency exchange?

Based on your question, you are most likely with software and you need to contact developers for that. I'm not sure how you are going to achieve that on your own but what I can think of that can help is that
  • Trading software
  • GUI of the site
  • Wallet and cold storage
  • Admin controls
2811  Economy / Trading Discussion / Re: Trading is not a Game . on: July 20, 2021, 02:51:04 PM
That only happens when a person goes into some investment blindly and completely throws away money towards other traders. Yes, at the start, you have that beginner's luck that you have, and you, as a person that is a newbie, expect the same results all over again. And that's when the spiral starts, and you are now on the trail to lousy luck and money burn.

There are plenty of ways to learn, and you just have to be willing to put in the time and effort to learn.
2812  Other / Off-topic / Re: It's Take Time to perfect your SKILLS on: July 20, 2021, 02:30:38 PM
I don't think there's a "master poster" It's always going to be evolving and improving, but not the way you think about it. I guess what improves is the person posting. It's the way he thinks and then translates into the post. Grammar is always tricky, especially if it's not your native language or not learned early on, but it can be considered a skill.

The best way to think about this is that people improve, not necessarily the "posting style" but how they are delivering their specific message.

Think about it this way, if there's a person who posts at short length but is precise with the idea he wants to deliver compared to someone who posts a lot of jargon, making it hard to read and confusing when reading about it. Who's better? For sure, it's the former.
2813  Economy / Trading Discussion / Re: How to profit from crypto arbitrage trading on: July 20, 2021, 07:49:03 AM
The most difficult part is the time it takes for one person to analyze the current order books of one exchange buyer and another exchange, and then make two simultaneous transactions before these books change.
It's the reason why bots like Gunbot are being developed to make sure that Arbitrage trading is profitable and easier compared to doing it manually. Besides, in this crypto market, you can never follow the movement on different markets simultaneously unlike bots.

Arbitrage risk is too large, it is much greater than the risk of trading, sometimes due to congestion and delays in transferring your assets or your coins to other exchanges.
I don't think you understand arbitraging if you think that the risk is large. There are different ways that it can be done whether it's intraexchange or interexchange.
2814  Other / Meta / Re: Plagiarism: Where Do We Draw the Line? on: July 20, 2021, 04:39:34 AM
You know it's highly unethical trying to copy someone else's work and pass it as your own. No matter what industry you are in, whether you are in scientific research, agriculture, energy industry, or any kind of industry that users write a bunch of stuff. There's already a line and that's creating your own or copying one exact point on it. Unless you are going to point the credits or reference towards the original writer.

It's basically a form of theft. Is it ethical?
2815  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Top Cryptocurrency Projects to Watch Out for in 2021 on: July 19, 2021, 11:22:43 PM
because I think my favorite cryptocurrency is very popular, so the price can definitely increase very high and profitable to be used as a long-term investment.
Of course! Those are the ones you invested in. They are the top-performing coins and altcoins this year. I pretty much expected that people would invest in these coins instead of following the suggested coins on the site here. There are a lot of things that went back down to, too, though.

How many percentage did you profit on it?
2816  Alternate cryptocurrencies / Altcoin Discussion / Re: Art NFT projects confusion on: July 19, 2021, 04:17:49 PM
There are several reasons why people are willing to pay high prices for these types of art. That has always been happening, even before the blockchain revolution that we have now. If you have heard of art auctions with millions of dollars being paid, that's almost the same, and that's just my opinion on it.

I remember watching an interview done to Metakovan that bought the $69 million art piece. He aims for the virtual world that he created that everyone can see and can own a part of it in this virtual world. I'm not sure if, IIRC.

When people have enough money, they can do whatever the hell they want with it.
2817  Alternate cryptocurrencies / Altcoin Discussion / Re: Muyan66 destroyed many Filipinos? on: July 19, 2021, 05:52:18 AM
So this was a ponzi scheme? If so then I dont think anyone other than the investors are to blame for their folly. This is 2021 and even today we see scammers put up ponzi schemes and pyramid ventures and each of them are known to be scam. But still someone invests in it hoping to be at the top and exit before others can.
This is definitely a Ponzi scheme that aims to make the people at the top richer and make it look like everyone will profit from it. Waiting for this to pop and it has. I can't believe that people are still doing that. And I remember last year that a viral company circulates in social media that shows that they are "profiting" from investing. The catch is, you need to invite other people to invest.

I dont think we can change the mentality of every person here, my friend. It is sad to see indeed that many of our efforts have been in vain trying to expose ponzis but with no luck.
Everyone has their big letter G in their heads that shows they want more money the easy way.

Following this I think you all should gang up for filing a legal complaint.
I hope they have a group where many investors to this Muyan66 collectively file a complaint. I'm not sure if they are going to, though.
2818  Alternate cryptocurrencies / Altcoin Discussion / Re: Delete token in exchange on: July 19, 2021, 04:03:47 AM
If you are trading in a reputable exchange, they wouldn't delist it right away. (Delisting is the right term to use instead of delete)

For example, I remember having an email and it includes this:
Quote
You are receiving this message because you hold a balance in XBC, VRC, NEOS, GRC.

We want to remind you that you have up to and including October 25th, 2018 at 12:00 ET to withdraw any balance of XBC, VRC, NEOS, GRC.

If your balance of XBC, VRC, NEOS, GRC is not withdrawn by this time, it will be archived and no longer offered for withdrawal. We urge you to withdraw as soon as possible.

To withdraw your assets, please visit the Balances page of your account and provide a withdrawal address for the currency you wish to withdraw. We will send another email reminder in the coming days leading up to the deadline. For more information about the delisting process, please visit our blog post. We greatly appreciate your support.

At least, with this, you would be able to put it in your wallet and keep it safe. I'm not sure but I know they stop trading with the coin if they are going to delist it.
2819  Economy / Web Wallets / Re: Does blockchain.com refund stolen funds? on: July 19, 2021, 03:41:05 AM
If blockchain.com causes the cause of this hack or stealing, they are surely required to refund the funds to their users if that happens. But if the user is the one who is at fault, it's definitely not going to be given back. Just like what mk4 said, there's no reversing of the transaction.

If it comes to this, I suggest reporting it to support and ask for cybersecurity assistance to know how you got your coins stolen, etc.
2820  Alternate cryptocurrencies / Altcoin Discussion / Re: Muyan66 destroyed many Filipinos? on: July 18, 2021, 04:43:43 PM
Sadly, Filipinos were the majority to fall into this type of scam. They are continuously getting victimized by this just because of the possible greed and want to get "easy money." It's possibly the mindset of everyone, and yes, some people were able to benefit from this, and they are the ones on top of the pyramid or the earliest investors to it.

The FUD is real and spreading more information, and a factual one would help each and everyone who learns about it.

The idea of being skeptical is better than getting scammed.
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