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321  Other / Meta / Re: Question About Images on: November 05, 2020, 04:02:45 PM
Does it have something to do with the image host?

Yep! It has to do with your host.

Here's the link to your image: https://i.ibb.co/JjG3fLy/Test.png

The dimensions of your hosted image are 639px x 329px so it will appear in same size on bitcointalk too. Since you are using imgBB, you can manually check if the highest possible pixels are selected before uploading the image. Here's the edit option:



Click it and change dimensions to the highest possible pixels if imgBB using lower pixels.
322  Economy / Gambling / Re: Twitch.tv/Globb0 new poker home game - Low buy in (usualy around $300 in prizes) on: November 05, 2020, 02:29:50 PM
Great one Globb0! Since match is scheduled at 10PM UK time, it will be 3:30AM in India so I most probably won't able to make to it. However, I will register and if my body allows, I will try to play for first 30 minutes or so.

Good news the buy in is only 250 SwC coins. I didn't write that on because it only makes sense if you know SwC.

It works out to 3.72$ not bad.

Actually SwC coins are pegged to the value of bitcoin such that 1BTC = 1,000,000 chips. So it would be 0.000250 BTC buy-in in other words. I think forum members will appreciate if you express the buy-in and rewards in the terms bitcoins for easy understanding. Smiley
323  Other / Beginners & Help / Re: Beginner's Guide to CoinJoin on: November 04, 2020, 03:15:31 PM
Also, how about making use of mixer, because mixers can also mix bitcoin transactions in a way to maintain high level of privacy. Chipmixer is good for this purpose.

Coinjoin and mixer are very different from each other.

Mixer is a centralized service and you are trusting the third-party for privacy and hoping they won't log or leak your digital footprints like IP logs, addresses from which funds are sent, etc. That's why even though several mixers keep popping time-to-time, it is very difficult for us to trust them. Reputable mixers spent thousands to get hold of the market and whole industry is working on the trust factor.

Whereas, coinjoin as mentioned in the OP is a trustless mechanism. You are the one who's directly spending your UTXO and getting output back on your own bitcoin address in the same transaction.

However, Coinjoin although providing privacy don't hide you completely. It just makes you stand in the group of 50-100 and let the tracker guess which one is you. Moreover, if you make mistake in spending the output by either spending it with non-coinjoined UTXO or send that back to your already used address, the whole purpose is defeated. On the other side, mixer provides comparatively higher degree of anonymity for the world (except the mixer owner) especially using Chipmixer which provides you private keys of bitcoin moved before the bitcoins are sent for mixing.

So both have pros and cons.
324  Other / Beginners & Help / Re: Which Service Solves This Problem on: November 04, 2020, 01:48:28 PM
I like the 2nd crypto idea. if I understand it correctly to:

1.  do the slow USD bank transfers to an exchange
2.  buy a stable crypto of some sort
3.  download it to hardware wallet
  (possibly repeat steps 1-3 a number of times to avoid a large single transaction)
4.  When ready to buy BTC, upload stable crypto (I assume this is fast?)
5.  buy BTC and download to hardware wallet.

would Coinbase be good for this? 
 

Seems like you are going with my idea. I want to ask you a question, have you ever purchased bitcoin in past using bank transfer? How do you know it will be slow? In India, I can send funds from my bank account to the exchange's bank account using 'mobile banking application' and Indian Rupees balance reflects instantaneously on my exchange' account. I can then use that balance to buy bitcoin and the whole process hardly takes 2-3 minutes.

Coinbase doesn't allow buying facility in India so I have no idea about it. But I guess US exchanges like Coinbase, Kraken, Gemini, etc. also provide same facility and you can buy bitcoin using bank transfer instantaneously as well. However, I am not sure about that.

But in any case, if bank transfer is slow for you, you can surely follow the idea of stablecoin like I advised earlier. You can buy Tether or any other stablecoin on the exchange (I have no idea if Coinbase allows purchase of stablecoin with bank transfer or not) then transfer that to a hardware wallet (you will need either Trezor or Ledger hardware wallet for that).

Yes, sending stablecoin back to exchange is usually fast. For example, currently sending USDT on ethereum blockchain will take 3-4 minutes using $0.36-0.40 fees. You can buy bitcoin with that and send bitcoin back to the hardware wallet.



~~
I will go with your advice, but one more comment to make. It will be good for the OP to just make use of Dex that can be found on the noncustodial wallets directly that support no kyc or any other verification. Like, if he is using Trezor, he can make use of binance Dex for the exchange ont the trezor wallet, and on many other noncustodial wallets that support many cryptocurrencies, that support bitcoin and tether, the exchange can be done easily if it support Dex. And, in the process, only mining fee will be charged during the process, and it will not take more than 10 minutes to 20 minutes. Although, this is not good for flexible trading, which he can then follow using no kyc exchange.

Are you sure you can purchase Bitcoin on DEX? I don't see any possible mechanism for that. The maximum you can do is purchase bitcoin-equivalent on other blockchains using DEX. For example, you can buy bitcoin BEP2 on Binance DEX. However, that is not real bitcoin. It will only be available on Binance blockchain and not possible to transfer to other bitcoin address. It is more of a synthetic bitcoin.


325  Economy / Gambling / Re: ⭐ Crypto.Games ⭐ 0.8% House Edge on Dice ⭐ Largest wagering contest...ever ⭐ on: November 04, 2020, 07:38:53 AM

May I refer you to this post Wink

Even though their username shows [hidden], it's the same player.. So they already had 4 hits (in 8,060 bets) before these two hits mentioned by @stomachgrowls Wink

Oh great, that is quite some streak. Considering Crypto.Games has only 0.8% house edge, it is one of the best choice if someone wants to chase high roll by making large number of auto-bets of small amount.

There's a school of thought which states that no matter the odds, probability of every event is 50%. It will either happen or it won't. So the probability of hitting 99.99 is equal to hitting 51-99.99 because the roll result is a single number which either would be your choice or it won't (binary world -eh).

Going by this school of thought, betting in smaller fractions and larger number of bets would actually increase the chance of winning than betting in large fractions and smaller number of bets because all you need is single win before the total bankroll expires in order to make the profit. So smaller the bet size, more chances you will get to hit a single win.

However, I find this thought absurd in practical world due to the 'house edge' factor. But after seeing Creampie's winning streak, I am willing to try this too. Cheesy Since Crypto.Games has one of the lowest house edge out there, it maybe worth trying.
326  Other / Beginners & Help / Re: Which Service Solves This Problem on: November 03, 2020, 07:56:22 PM
If I understood your question correctly then you are looking for the way to purchase BTC quickly whenever you see significant drop, right? Why not purchase USDT or any other stablecoin whose value is pegged to USD with bank transfer beforehand and keep those on your private ETH/TRON/BEP2/OMNI address, whichever chain you choose. Send those back to any Crypto-2-Crypto exchange and buy BTC in few minutes.
327  Economy / Gambling discussion / Re: sportbet.one [IPL 2020] Prediction pool and discussion on: November 03, 2020, 06:43:32 PM
So we finally have our play-off teams, one of the most exciting IPL ever. I don't think there's any other league in the world, no matter the sport, which is as close as IPL! All 8 sides are almost equally good and even up till end it was impossible to 100% accurately predict the winner of any game before hand. Even on sportsbook, the odds for every game were in range of 1.67 - 2.30 before the start. Moreover, the current table topper in pool has only 62.5% accuracy rate, followed by 53.5% and 55.35% respectively. The whole tournament had been 'flip of a coin' mostly.

So we finally have:

Q1: MI vs DC
Eli: SRH vs RCB.

From Q1, I can see DC qualifying for the finals. Meanwhile, SRH is on hot-streak after making tactical changes and bringing Saha and Holder into the squad. Squad is more balanced than ever and I think they can easily beat RCB, the team which has lost all of its last 4 games.

SRH will once again better MI in second qualifier imo and I am routing for DC vs SRH final. Although, I am SRH supporter, I think DC will lift the trophy this year. So it's like mind says Delhi, heart says Hyderabad. Cheesy



~~
That was pretty unpredictable. What happened with KXIP in first innings happened with SRH in the second innings. I think KXIP knew that the problem with SRH is that they don't have depth in their batting order at took advantage of the same. Now SRH is out of this tournament too. So the main fight is between KKR and KXIP and obviously KXIP's  next match with KKR will once again be decided for them. I thought it would be a narrow win but SRH played so bad that they lost comfortably  Roll Eyes the saddest person today would be Warner followed by @webtricks  Grin

Can't tell how much I waited to reply to this post with this (pictures speak louder than words):



Finally SRH is through once again, couldn't be happier!



What a round. Got all of them right though I couldn't beat Hector's record of 11 points in a single round. Webtricks is catching up with Rajavu which means Rajavu might not end up taking the 1st place.

Congratulations man! That was insane streak, 7 on 7, bingo! It's your bad luck that this round only had 7 games else you would have surely beaten amishmanish's record.

Only 4 matches left and still 4 points to catch up, I don't think Rajavu will lose to me. Only 8 more points to make and I want 5 points margin over him, looks next to impossible task. Let's see.



So @Royse777 (roysesuper) since seven rounds are over, no more 0.0025 BTC rewards, right?

328  Other / Beginners & Help / Re: Mobile wallet for newbies? on: November 03, 2020, 05:57:20 AM
Some of my friends are using a Mycelium wallet too they have a mobile application wallet.

I was going through the replies above and surprised to see that no one suggested Mycelium before you.

Mycelium is easily the best Android wallet out there. Some of the reasons I prefer Mycelium:
  • Open-source code (which I manually reviewed and compiled),  
  • HD Wallet supporting Legacy (44'), P2SH (49'), Bech32 (84') and Ethereum (60'). One click change between the address formats so you can use any format depending upon the need.
  • generates new receiving address if you already received output on the current receiving address (great privacy)
  • You can manually set the transaction fees unlike most of the Android wallet which don't give you the option to set custom fees or at maximum give you the option to choose between Low, Normal and High. But in Mycelium, you can set the definition of Low, Economic, Medium or High on your own by choosing custom sats/byte.


And most importantly if you don't care/understand the features I just said, you can still go for Mycelium because it has one of the best user-friendly UI so it's surely a noob-friendly wallet.
329  Economy / Gambling / Re: ⭐ Crypto.Games ⭐ 0.8% House Edge on Dice ⭐ Largest wagering contest...ever ⭐ on: November 02, 2020, 06:33:27 PM
What a nice hit from some Hidden players neither just a single person or different but
both bets do able to hit up 9920x in dice! Amazing..

Considering that the both bets are at the interval of 90 seconds and the minimum bet interval on Crypto.Games is 0.1 second, player had made 900 auto-bets of 0.00001516 BTC between the two winning bets.

Since, he was chasing 'over 99.989' or 'under 0.010', his win-return is 9920x. As he hit 9920x twice in the interval of 900 bets, he is in the profit of = 0.30074408 - 0.013644 = + 2104.22%.

So after making the second bet, he still had the spread of 9,468 more bets (assuming he made 9,469 bets before the first bet) to hit another 9920x and still be in profit if he missed to do so!! Really impressive!!
330  Economy / Gambling / Re: Betnomi Poker series discussion thread(FREEROLL SUNDAY ALL WELCOME) on: November 02, 2020, 05:28:34 PM
I just spoke with the owner, we will run another freeroll on wednesday same start time. There are a few differences, I opted for a deepstack tourney for everyone to have a good 50000 stack to try with. I also changed the pw.

Cool! Just make it an hour or two early if possible. 6PM is too late for me and most of the Asian players meanwhile 5PM won't affect US and Europe players' schedule much. You guys can still play 12PM or later which is pretty good and we guys can play majority of the tournament before midnight, win-win for both.



The owner also said they will try to fix the disconnect issues by wednesdays game for us.

Wonderful! However, poker software is pretty decent and stable. Like others, I was getting logout on the browser every now and then. But once I switched to software, I didn't face logout issue even once. Moreover, software is fast. SwC usually lags but betting was smooth on the Betnomi client.



Long story short, Yahoo once again bettered me. That's I guess 3rd time on SwC and in total 4th time including SportsBet if I am keeping the tally right.  Roll Eyes
~~~

+1 added to the counter. I don't know how is this even possible but every time I play against you, I am the one who loses. AJ vs KJ, insane hand!



EDIT:

~~~ Also, the freeroll should be up in the lobby later today. I'll post it in the OP as well once it's up.

Okay, do consider my time-change request.

331  Economy / Gambling discussion / Re: ⚽ BitcoinPRBuzz.com's ⚽ Spanish La Liga ⚽ Football Pool Discussion Thread on: October 31, 2020, 07:21:59 PM
@webtricks
I am actually pleasantly surprised with Barca this season. I expected them to have much more problems and they are actually looking very good in most matches. They are a good example how money still isn't everything in football. They paid millions for Dembele and Griezmann and got very little in return while they bought Pedri for peanuts and he is already looking like excellent addition to the squad.

Pjanic had a great game against Juve and I think he deserves more chances in this Barca squad. Busquets is not on his top level at the moment and maybe he needs to be bench warmer for couple of matches.

I think Koeman intentionally starting Busquets in La liga games over Pjanic. The form of young players and new signing have come as a blessing in disguise for him. He now have range of players to select and play a fresh team in champions league compared to Laliga. I won't be surprised if we see Trincao, Dest, Pjanic, Pedri all four starting over Griezmann, Roberto, Busquets and Fati/Dembele on Wednesday against Dynamo Kyiv.

However, one thing is not good. Barcelona is still overdependent on Messi. As a result, Messi has to start every game - maybe potentially injury awaiting his Christmas. After all he's almost 34!
332  Economy / Gambling discussion / Re: ⚽ BitcoinPRBuzz.com's ⚽ Spanish La Liga ⚽ Football Pool Discussion Thread on: October 31, 2020, 06:52:27 PM
Nice commentary over there webtricks, what do you think of Granada? They made me some good money last season, I didn't have any particular reason to pick them and so far this season as well they've been giving me all right returns (including a recent Europa League upset) but will they end up running out of steam like last season? They've got Europe now too so could even fizzle out earlier.

Granada was last season what Cadiz & Elche are this season. Newly promoted, pumped with energy, balanced squad, beaten Messi-less Barcelona on 5th matchday, jumped to the table top - a dream start to the season and fairly rewarded at the end by making to the Europa League. However, this season I am not very impressed by Granada's performance so far. Although they are able to win 4 out of 6 (which looks impressive statistically) but they aren't playing like last-season Granada. Last season Granada was all about dominance, goals and goal attempts. But this season, they aren't controlling the game much and mostly relying on counter-attacks. That Atletico defeat was no fluke you know, team can easily open Granada if try enough. I see them ending anywhere between 7-12 this season. Surely, not top 6 side for me.



Don't think anyone saw that Bilbao win coming like that huh!

I am immensely fascinated the way Lopetegui crafted a champion team out of newly bought Sevilla players but I saw this defeat coming from miles. Sevilla lacks bench depth, playing almost same squad week-in, week-out in La Liga as well as Champions League. You can't expect team to perform at the highest level when you have to play on every fourth day. But I am pretty sure Sevilla will bounce back in LaLiga once Champions League group matches are over. Until then, I am skeptical about their performance in Laliga.



EDIT: Just seen Barcelona's lineup vs Alaves. Messi, Fati, Griezmann and Dembele all four are starting. So are we finally going to see Messi sliding back in full-time midfielder role?
333  Economy / Gambling discussion / Re: ⚽ BitcoinPRBuzz.com's ⚽ Spanish La Liga ⚽ Football Pool Discussion Thread on: October 31, 2020, 03:16:12 PM
Not a good start for me at all, but at least I can take comfort that only 3 of you picked the win (well done for exact score webtricks!). I went for 2-2 draw thinking both sides would be attacking a lot. Seems like Cadiz is building up from their Real Madrid win huh!

And this thread needs to pick up come on you Spanish football people! Wink

Among the newly promoted sides, I personally rate Elche and Cadiz very high. Both sides are better and more-balanced than at least 10-12 Laliga clubs this season and I am pretty sure both of them will end in top 12.

Real just picked an easy win. I thought they would struggle against Huesca's quality resistance but Huesca players weren't in their usual good defensive shape, hence lost with 4-1 scoreline compared to my 1-0 pick.

Barcelona is also playing tonight against Alaves. Alaves was dominant against 10-men Vallodolid last week but I doubt the players have enough quality to match the fire of Barcelona. Although, Barca lost couple of games already this season but the team played exceptionally well mid-week. All the players were clicking (except Griezmann) and pocketed the whole Juve side. Barca was good in El Clasico as well, however, players lost the momentum after penalty and suffered defeat. But I am very positive that Barca will reclaim the title this season especially after the masterclass display against Juventus. And Messi! He's ageing like wine! After international duty (that match against Bolivia), he has once again got his dribbling and passing spark back. He now runs like 25-years old Messi for the whole 90 minutes something that was missing in last couple or three seasons. The only thing he's missing is goals from open-play but once he got his foot right, I am damn sure, he will easily climb to the top of the goal chart, maybe a decent striker signing in winter window can help him play with less responsibilities and greater freedom. That being said, I think Barca will win tonight with 3-0 scoreline.
334  Other / Beginners & Help / Re: Question regarding buying and storing Crypto on: October 31, 2020, 06:01:21 AM
I can only assume you want  to store your coins to a wallet you have a control like the private keys and at the same time you can buy BTC on it.

There are mobile wallets that are allowing your to do this. Coinomi wallet is just one which you can use your creditcard or bank transfer to do this. This isn't going to make you anon but it would work just as you need like storing it to a wallet with your keys.

Coinomi or other mobile wallets like Mycelium don't have their own exchange services. They use third-party services like Simplex or Changelly to provide 'buy' functionality. When compared to Coinbase, buying bitcoin with third-party services like Simplex is much more expensive. They almost charge 10-20% more than regular exchange. So it's better to stick with Coinbase or other order-book based exchanges as I said earlier.



You should have both wallets cold wallet for storing btc and online wallets for spending btc.

If you have a plan in spending you btc then it might be a good idea to use wallets that are custodial so that anytime you can sell it that if you will not hold more btc just only enough and sound like you can afford to lose it. And then you can store btc too in electrum as what others had mention of about cold storage. This means that in storing bitcoin in cold storage means to transfer only btc when it is needed and of course that is keep safely.

A person shouldn't use custodial wallet in any circumstances. I don't know why the concepts like custodial web wallets or exchange wallets even popular!  Basically you giving your funds to a third-party just like banks but without getting anything in return (no interest). Moreover, why should you take risk of losing money when you can maintain full control over funds by using non-custodial wallets. Furthermore, most of the custodial wallets won't let you freely choose your own fees. So in long run, you will lose more than what you are trying to save by not withdrawing bitcoins to a non-custodial wallet.
335  Other / Beginners & Help / Re: Question regarding buying and storing Crypto on: October 30, 2020, 07:14:31 PM
I downloaded Electrum but waiting on GPA to sync so I can verify the public key they have on their site.
I do have a question about "first have to either import or sweep the private key in a non-custodial wallet like Electrum. Then you can send the coins to the Crypto Exchange using current network fees" I now know non-custodial would be a wallet in Electrum compared to Coinbase where they have the keys etc.

Correct! However, there are two things I was talking about. I will clear them so you don't confuse the two:

1. If you are using HD wallet: After downloading Electrum wallet, it will ask you to create a new wallet. When you proceed, it will show you seed phrase of 12 words. You have to write them down on a piece of paper. These 12 words will be used to create keys and addresses for you. The process is known as hierarchical deterministic (HD) process. This is a secure way to use bitcoin and since you are looking to regularly use bitcoin, this is the way I was recommending you in earlier post. By taking backup of seed, you have taken wallet into your custody. If you lose seed phrase, you will lose the access of your wallet.

2. If you are using cold storage (e.g. hardware wallets,paper wallet): In case of paper wallet, you will print hard copy of private key in the form of QR code and place it safely. So now there are no trace of private key on your computer. Then you will only import/sweep the private key in Electrum whenever you intend to spend/sell the coins. Whereas, hardware wallets work differently. You can sign transactions in a separate device without actually sweeping/importing private keys on your computer. Electrum is not a hardware wallet so you will have to purchase device like Trezor if you intend to use hardware wallet. Note: Hardware wallets are the securest among all and uses HD process to generate keys and addresses as well.
336  Other / Beginners & Help / Re: Question regarding buying and storing Crypto on: October 30, 2020, 06:41:41 PM
After doing a little reading and talked to an old friend, I was told I should not use Coinbase especially to store my crypto since I don't have control over the keys.

I am just looking for clarification and recommendations on the following.
1) What would you recommend I use to store my BTC? I was thinking of looking for a program I can just run on my computer to store my crypto.

If you are looking to run a wallet on the computer then the best choice is 'Electrum'.


2) Do these wallet programs allow you to buy and sell BTC?

Nope! You can only purchase bitcoins on centralized exchange services like Coinbase or P2P platforms like LocalBitcoins. Since you are using Coinbase from long time, it is advisable that you continue doing so. But as soon as you purchase bitcoins on Coinbase, withdraw those to your Electrum wallet.


3) If I use a hardware wallet, cold wallet etc, how do I go about cashing out crypto? Do I have to use an Crypto Exchange? Are the fee's going to be similar no matter what I use?

Yes, you still need Crypto Exchange to sell your coins. If you are using cold storage then you first have to either import or sweep the private key in a non-custodial wallet like Electrum. Then you can send the coins to the Crypto Exchange using current network fees. Wallets like Electrum will show you 'recommended' network fees which will get your transaction confirmed within next few blocks. However, if you aren't in hurry, you can manually set lower fees and still get your transaction confirmed in few hours.


I am just looking for a better place to park my BTC. Coinbase fees for sending to another wallet are crazy high. I am hoping to avoid this if possible along with having a wallet that I control the keys to.

Currently there are high number of pending transactions in mempool so network fees is soaring. That's why Coinbase is taking benefit of the situation and charging arbitrarily higher fees. Using non-custodial wallets like Electrum, you have full control over keys and coins. You can sign and send transaction using your own preferred fees. 


I have the ability to backup anything on my PC to external hard drives and to cloud storage.

If you are going for Electrum then make sure to backup mnemonic seed. I would suggest you to write seed on a physical paper than saving it on hard drive or a cloud storage.


Lastly, I was thinking of downloading the current BTC blockchain to an external drive. I had read that you get a wallet. I may be wrong. I am not certain how that all works. Any benefit of doing this other than mining?
Regards

The full size of BTC blockchain is 307 GB. I would only suggest you to run full node if you are intending to use it for an application purpose (in production).  The wallet you are talking about is Bitcoin Core. However, it would be more appropriate if you use Electrum instead of Bitcoin Core since Electrum is more-friendly for new users.
337  Economy / Games and rounds / Re: Betnomi – Premier League Predictor – 1 BTC main prize on: October 30, 2020, 04:29:12 PM
Wolves v Crystal Palace - 2
Sheffield Utd v Man City - 2
Burnley v Chelsea - 2
Liverpool v West Ham - 1
Aston Villa v Southampton - 2
Newcastle Utd v Everton - 2
Man Utd v Arsenal - 1
Spurs v Brighton - 1
Fulham v West Brom - 1
Leeds Utd v Leicester City - 1

Betnomi user name: webtricks
338  Economy / Gambling / Re: Betnomi Poker series discussion thread on: October 30, 2020, 04:26:09 PM
Tourney is supposed to be in the lobby in 26 hours. Once I see it, I'll start pmming users the password. I also considered releasing the password to the public about 30 minutes before the start. Thoughts?

Bad idea! 30 minutes are enough for anyone to roar in with the army of alts. The rule is simple, post your Betnomi username with your Bitcointalk account and get the password. Since this series is specifically meant for Bitcointalk users, everyone who wants to participate in the series (or this freeroll) should sign up on bitcointalk and post the username to participate (like our earlier series). Is someone is shy in doing so then he most probably looking to join in with more than one account or simply isn't interested in bitcointalk series and just want to make quick advantage of freeroll.
339  Bitcoin / Bitcoin Discussion / Re: Bitcoin is not needed but only for investment purposes on: October 30, 2020, 02:23:00 PM
Do we really need bitcoin?

Most of the members here will say yes but bitcoin is not needed unless you want to earn or lose your money. Bitcoin is a form of gamblmg that if you are new you can have high chances to lose money and that benefits others as it comes to them as profits right?

When was the last time you were able to use money for whatever purpose you needed, say, gambling, whoring or purchasing a lambo without worrying about the regulations, taxes or Uncle Sam's agents? That's the degree of financial freedom bitcoin offers you! If your definition of bitcoin is limited to buying it on an exchange, holding it there and selling for profits then you most probably never understood what bitcoin really is! Trading is just one aspect of bitcoin because of its fluctuating value. But the anonymity and privacy person enjoys while paying/receiving bitcoin is what bitcoin is meant for.



This is why I would like to know your reply if it is alright to earn profit with bitcoin coming from the new investors of bitcoin? The existing bitcoin holders bought bitcoin cheaper than the new investors that they can get bitcoin at higher price as of the moment.

What do you think?

You are labeling bitcoin as some ponzi scheme here but that's not the case. There is no need for you to go on guilt trip. Bitcoin price depends upon much more factors than just the time of purchase. Although prices were extremely under-priced in initial 6-7 years but post 2016, prices are highly fluctuating and cyclic. Bitcoin was worth same on Aug 22nd, 2017 and Mar 17th, 2020. It's not like if I buy bitcoin today, I can guaranteed sell it at the higher price after a year. IMO, price shouldn't be the first reason someone purchasing the bitcoin. Today I use bitcoin for 'n' number of reasons which I can't with regular fiat currency.
340  Economy / Gambling discussion / Re: How far will you go when you sent btc to a site with high fee but... on: October 30, 2020, 01:51:12 PM
Usually a gambling website (or any other website) will wait for 3 confirmations before crediting the amount to your account. If I see it is taking longer than expected, I will have to wait for at least 1 confirmation. Because even support staffs can't do anything if a transaction is unconfirmed.

Once I get 1 confirmation, then I will get in touch with the support staff to credit the amount to my account as a request. Ideally, they can do it based on your previous deposit and withdrawal history. If your conduct is good, the chance is high that they will oblige to your request. But may not help in case you are using that casino for the first time!

Block time remains same no matter the congestion. Blocks will still be produced approximately after every 10 minutes. So if your transaction is included in a block and you got the first confirmation, it's just a matter of approximately 20-30 more minutes to get 3 confirmations. Once two more blocks are produced above the block in which your transaction is included, your transaction gets 3 confirmations. So I don't think anyone should worry and rush to the support staff if their transaction is successfully included in a block. Waiting half an hour more is better than requesting customer support to deposit manually. Tongue

However, in case your transaction is stuck in a mempool and no one is picking it in a block, there isn't much you can do. You can request the website's support staff but I think it would be bad move from the casino owners if they start crediting deposits with 0 confirmations but I have seen casinos making crazier move for customer acquisition & retainment so this might work if you are loyal player on the site. But if that doesn't work, you aren't left with many options except using an altcoin. Almost all the prominent casinos support at least couple of more cryptocurrencies. You can buy those, deposit them and get on with your 'must to make' bet.
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