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3241  Economy / Economics / Re: This is why bitcoin HAS to go up on: November 07, 2020, 04:48:16 PM
Yeah, yeah, yeah, more printing of the dollar is causing the Bitcoin to appreciate while the dollar is losing value against it. Although it can still go both ways with the supply and demand, the market can still turn tomorrow, and Bitcoin will start facing the same that the dollar is seeing now. That’s what with the supply and demand thing.

Anyway, it’s good now that it is happening and Bitcoin is increasing, now is a good time to be planning yourself and what to do as the price climbs and wait for the next line of action to take. It’s always good if you have been holding for long, you can sell when the price is up and wait for another better time to buy in.
3242  Economy / Trading Discussion / Re: Trading hours on: November 07, 2020, 02:53:50 PM
Even though crypto-market is open 24/7 I've noticed that trading at certain hours (depending on time zone) is more active with more volatility. Sometimes it's right after US stock market opens, sometimes it's on weekends.
What do you think the reasons?
Trading hours Shocked?? I thought that there was nothing like trading hours in cryptocurrency? Nah, I don’t know for you, but there is nothing like such, unless you have been trading the stock market and confusing it for cryptocurrency market.

For the stock market, the market starts 9 AM and ends 4 PM. There is what is called pre-market trade hours and after trade. It’s only in these stock markets that they say all these things. Cryptocurrency is something else on its own, it is completely different and there is nothing like a time limit, you can trade at anytime and the market can fluctuate and move to any direction at any time.
3243  Economy / Trading Discussion / Re: Binance will delist POE and TNT on: November 07, 2020, 01:23:44 PM
Binance can't really handle a coins weight forever just because they listed it, I do not see any problems with binance delisting coins constantly, they could do that if they want to and they should be doing it when the volumes get low. I mean if you have a coin that has insanely low volume, that means it doesn't generate any trading fee income for binance and when it doesn't generate money for them, it is just a cost.

Think about all the cold storage, all the hot wallets, all the resources put into keeping one coin trading there, that has to worth something monthly to them and if it doesn't profit, why should they keep it there? This is why I disagree that binance can affect prices of coins, prices of coins affects binance if you ask me that seems more likely scenario here.
3244  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: November 06, 2020, 10:39:08 AM
I've begged them to add cheap/instant coins for a long time, but no use Grin
The good thing is, lately, ETH fees are often cheaper than BTC, and there is a small window of cheap BTC transactions as well.

Suppose we are stuck with ETH & BTC. I want to see the mechanics like Duelbits when users can deposit in BTC and withdraw in ETH (and vice versa).
I understand that at the end of the day we are not going to see anything substantially change in the crypto transaction fee world unless we start using other coins and if we all pick the same coin that one will get worse as well which means we need to have at least few options in order to spread out and not just in roobet but in the crypto world in general. Look at the situation with btc and eth, you think they are going to get better anytime soon?

Yesterday I had to do some moving around and I didn't had much ETH, I was capable of paying 11.8 gwei in a situation even the lowest accepted was 14 gwei, and I understand it would take some time but I had no other choice, it has been 14 hours and I am still waiting.

Normally it should be "pay regular fee and get in a minute, pay high fee get it in seconds, pay low fee and get it in an hour at most" but now it is to a point where you don't even get it for days.
3245  Bitcoin / Bitcoin Discussion / Re: Has it occurred? Or still in progress on: November 06, 2020, 08:57:07 AM
Adoption is all with time, it's not going to happen overnight. It might not be fully adopted by everyone, because not everyone is interested in what you are interested in, and you can't force them, but as time goes on there will be more people of same interest that will come to start making use of it. And now that PayPal has joined the league of institutions and companies that are backing Bitcoin, we are going to see a surge in the adoption rate since people will now be creating a trading platform for their over 350 million users. Before we were never expecting this news, but it just happened. That's how it is.
3246  Bitcoin / Bitcoin Discussion / Re: bitcoin serves good reason but might be not right one on: November 06, 2020, 08:01:51 AM
I don't know how fast XRP can be because I have not used it for transactions before, no one has ever asked for it, it's mostly Bitcoin that everyone is talking about, that's what they all know about, and after that is Ethereum.

But, I'm thinking that if other cryptocurrencies you have mentioned should reach the current level of bitcoin and start having the same level of trading volume, they are also going to start experiencing delays and high fees and all those kind issues we are having now with Bitcoin.

Because I can remember that when Ethereum was new a lot of people were hyping it for the speed, but at a time, when it became the second most used cryptocurrency, it started experiencing a little of what Bitcoin is going through when it hasn't even gotten to half of bitcoin.
3247  Bitcoin / Bitcoin Discussion / Re: How do you use bitcoin? on: November 06, 2020, 07:04:09 AM
There are many countries where bitcoin is not accepted legally, so how do you use bitcoin in that country? Usually if you raise the level of bitcoin use in that country then you may get into legal trouble.
So how do you use your earned bitcoin in that country.
There are decentralized exchanges and they can be of help a lot of times and also if you can be able to connect to a community of people who are into the same stuff you can easily do peer-to-peer trading; if you're the one that wants to sell your BTC or whatever currency you have, you send it to them and they send you the money straight to your bank, and that's it, nobody knows what happened, all your bank sees is alert as long there was no description put to the transaction that describes or reveals what was done.

For some places it might be legit but the laws are strict even for the centralized exchanges that are working in those countries. In countries like this, such regulations can lead to an exchange being difficult, so you also have to look for other means.
3248  Economy / Gambling / Re: ♨️🎲 WINDICE.io 🎲 Contests 🏆 TvT 🔰 Progressive Faucet💰 Jackpots 🎁❤ on: November 06, 2020, 06:30:28 AM
^I feel like as long as you get to do something with the wincoins, there is really no reason not to gamble with them, even if you get nothing in return at all, even if you fail to win the doge ones, it is not really that important because you do not pay for those wincoins and they are free, so at the very worst you are not losing anything but your time and if you think about gambling for free is a waste of time you shouldn't be here anyway, I see gambling for free as a good thing and entertaining.

On top of that while not having any downside, you also have a upside where you can win something in return, which is why I think it is quite important to acknowledge since all of gambling world is filled with "potential to win" and this is one of them with free entry point.
3249  Economy / Gambling / Re: bustabit – The original crash game on: November 06, 2020, 05:27:17 AM
I'm pretty sure Mr. Wang has been around casino-investor since forever, he's just a recently converted degen. I also beat him in rock-paper-scissors for 5 BTC, but chickened out of his rematch offer of 25 BTC  Shocked
Dude is over 340 bitcoins right now, that is not just a degen, that is literally going insane right now. You guys realize that we are talking about 5 million dollars give or take right? This dude made over 5 million dollars from gambling give or take just very recently, and he is still going on as well.

Maybe he is quite the rich person and he doesn't need the money, I don't know him but I could tell easily that nobody who can even afford this would do something this risky with something as high as 5 million dollars, and not like he will lose it all that quickly (or maybe he will) but if he does, he could lose even more while trying to recover as well. Normal people invest that kind of money into stocks, real estate, gold and even we crazy ones do it on crypto, but to risk 5 million on gambling? Dude has some screws loose Cheesy.
3250  Alternate cryptocurrencies / Altcoin Discussion / Re: Ethereum 2.0 is launched on: November 05, 2020, 09:16:25 PM
ETH created this new world inside the crypto world that we can't deny and this is the next step for the logical improvement of ETH as well, we are literally using every single byte of ethereum right now and it keeps giving us even more. With all the daps, defis, dex and many other things that people use ETH like crazy for, we are really looking for a lot bigger price in ETH in the future and a lot more using ETH then using bitcoin as well (still invest more into bitcoin, just "use" it less).

So, I do not think it will take "that" long. It will definitely be something like another 6-8 months to see another improvement but in the crypto world waiting a year for such a huge improvement would be totally understandable and expected, nobody could say a blockchain could be improved over night.
3251  Alternate cryptocurrencies / Altcoin Discussion / Re: Better using DAI or USDT? on: November 05, 2020, 08:42:08 PM
Defi's first stable coin Dai. Uniswap exchange has more coin liquidity pool. Most of the trading is with Dai. Dai's price always goes with Usd. Which helps us to manage portfolio.
Nice information but I still prefer USDT because it has a mammoth market cap and the value always remains the same, I mean there is very few times when the value is below $1 even by 1 cent so it gives me some trust.

Apart from that I know there are other coins like USDC and as mentioned DAI but I don't use them because they are still new and their market cap is not even near the USDT market cap although I know that USDT hardly do any audits and so which makes it vulnerable to a sudden dump but that is not going to happen as such. And then I don't keep much in USDT either so I don't worry about those things much.
3252  Alternate cryptocurrencies / Altcoin Discussion / Re: Good news for ETH on: November 05, 2020, 08:12:57 PM
Reading this news possibly ethereum will increase the value in the market. Adopting ethereum blockchain somehow we observe the growth of cryptocurrency in this industry is increasing. Those who still in doubt about cryptocurrency this is the news that they can look into.
The whole Bitcoin market is moving up and almost every coin is also going up with the BTC price touching serious numbers and one who doubts bitcoins even now needs a mental check up because even PayPal is now accepting bitcoins purchase and if they are trusting the bitcoins and the crypto market in general there is no reason someone should not trust it.

I don't invest much in ETH so I don't care as much but the whole market is going up and some alts I held with heavy hear might be paying dividends soon for my faith into them. I am still not going to sell them unless I feel the market has again become stable, right now it is just moving up and up only.
3253  Economy / Economics / Re: Is Bitcoin the best reserve asset? on: November 05, 2020, 06:47:46 PM
Why are you comparing Bitcoin with assets that has been around for hundred years?
If you said for a decade I would have said better, because for the last decade now Bitcoin has been increasing  and as time goes on it keeps getting bigger and bigger and if you have been the holding the asset for long now you possibly must have gotten something from it.

But, you telling me to take and move it forward a hundred years, seriously? If I am to make that kind of calculation with Bitcoin , which hundred years am I moving to? Bitcoin, but the point you’re making here is what I don’t get.
3254  Other / Archival / Re: Hong Kong bans retail trading of digital currencies on: November 05, 2020, 04:25:52 PM
I hope they don’t make such law where I live because retail traders has been my highest selling point, I make bigger profit when I sell to some small exchange or retailers where I live than when I sell my coins on exchanges. They might be right about the money laundering issue because there are some dumb people that are always trying to ruin every good thing.

Moreover, the government seems to be doing everything possible now to clamp down on crypto, and they are starting with centralized exchanges, that’s how they are gaining control. I have been seeing posts like this recently, everyone complaining.
3255  Economy / Economics / Re: Second lockdown in Europe can their economy survive this?. on: November 04, 2020, 06:20:32 PM
Economy is not really what we should be caring about, it should be health and surviving the lockdown without dying, but for some reason people care about their money more than they care about their life.

The only reason why there could be a second lockdown in Europe is the fact that there are more people getting sick and there are more people who are dying and we are here talking about how economy could survive this, I do not care about economy or how horrible life gets as long as we can save human lives, that is what the priority should always be. What is the other option? Just keep everywhere open so that economy could be booming and recovering like crazy while also letting people die? That is not an option that is a massacare and I would rather not have that option.
3256  Economy / Speculation / Re: The Big Short movie, BTC edition? on: November 04, 2020, 05:46:02 PM
I can only speculate that it might begin a new bear market again.

Would this be the end of the cryptospace? No, it will recover similar to 2013, 2017 and also similar to the big shorts on equities markets.
Obviously we can never deny the fact that bitcoin could always go down, there is really no regulations and no governments and nothing that could stop or try to reverse it, it all depends on the people who trade bitcoin and that means if you and I decide that we do not want to be part of bitcoin anymore and sell our bitcoins, that will decrease the price of bitcoin and if enough people do this the price will tank without anything that could stop it.

However people are thinking purely technically when they are talking about drops yet they do not do it when it comes to increases, same logic applies to increases as well, for example bitcoin could be $100k each and "technically" it is possible, but we do not see it breaking over $15k right now. Which is why we should look at public perception and not what is technically possible.
3257  Economy / Speculation / Re: Bitcoin Stays Above USD 13,000, Altcoins Take Hit on: November 04, 2020, 04:39:06 PM
It is not just about taking a hit, altcoins are acting strangely as well and they are really not making any sense at the moment with how high volatile it is. Bitcoin goes up and altcoins go down, bitcoin stays up and altcoins move up, bitcoin goes down and altcoins go down, there is really no correlation at this point and altcoins just do whatever they want.

Look at ethereum for example, it has seen as high as 405 dollars just a week or so ago, and moved all the way down to 375 dollars today, and not while this topic was started neither, it happened today, it reached 400 dollars literally just yesterday! So, as you can see everything is acting weirdly these days, it goes up and down like crazy, how did it reached 405 dollars down to 378 or so dollars, go above 402 dollars and reached back down to 375 dollars all inside just one week.
3258  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: November 04, 2020, 03:18:42 PM
I think this is a good suggestion, small bettors can't afford the current withdrawal fee, if they can't add more altcoins options, then I guess the suggestion is very much suitable given the current situation.
Thinking this situation will take long or not? I think when the price has started to fall then the cost will be lower even the traffic network is no longer congested in Menpool but keep thinking whether this suggestion is worth implementing or not because the stance of the management is the strongest.

In every gambling there must be a small bet that is possible with other options when this happens then it is difficult for the withdrawal to be limited and in the end have to wait or bet again.

We never know if it will take long or not as naturally, the market is very much unpredictable. At least at a given situation, they have an implementation to be made to give a small gamblers and opportunity to still gamble without worrying about the high fees.
What we can predict right now is the fact that ETH fee's do not look to be dropping all that well since we are talking about still a high number of people using defi products and that is not going to end anytime soon. Maybe the hype will go down a bit and I would understand that, but it doesn't look like it is going to end, it may only slow down which would definitely make the eth fee's smaller but not like we used to have, just a bit smaller but still quite high.

Bitcoin on the other hand has been around these troubled places for a while now and even though we are still not doing great I feel like there is this adjustment period for bitcoin and when that happens fee's will fall back to understandable levels eventually but I think bitcoin will also stay too high unless we change the blockchain code and move to something faster and cheaper like lightning network, otherwise it will only get better but not to a good level.
3259  Economy / Gambling / Re: 🚀 Sportsbet.io - Official betting partner of ARSENAL FC 🚀 on: November 04, 2020, 05:32:09 AM
Doesn't anyone feel like it is really getting to a point where gambling on politics is a bit scary? When you bet on a la liga game you know that in a few weeks everyone will forget that game, it is not really that big of a deal in grand scheme of things, when you wager on a tennis game it is a bigger impact because it could be result of a championship but it is still just a tennis game and nothing more.

When you gamble on a political result, you are literally gambling on the future of a country, we do not gamble on the election results of some small nation neither, this is USA and even though I am not from there, it feels like they are more important than even my own nation at times. So we are talking about the future of our world and we wager money on it, and don't get me wrong it makes it even more entertaining but it is also quite scary.
3260  Economy / Speculation / Re: Bitcoin breached $14k today on: November 03, 2020, 05:58:04 PM
Just because it didn't break over and became stable over 14k doesn't change the fact that it did reached over 14k for a while, that is the fact and even though it wasn't there for a long period and only like half an hour, it did reached over it anyway.

What we need to realize is the fact that reaching 14k is not just a price but also a symbolism, ever since the 2017 peak times of 20k, we dropped lower and lower, whenever we tried to go over high prices we never broke over 14k ever again, this was the first time in 3 years that we managed to go over 14k after we went under it, which is a symbol that bitcoin is no longer in the bear/stable period and it is on the bull period and any price is possible. If 14k was possible and we went over, that means 15k could be possible and no reason not to be, same for 16k and all the way to 20k.
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