Bitcoin has a market cap of 70 billion. This is very low when compared with the stock market or the gold market. There are many groups that can buy the total number of Bitcoin in circulation with a price of $4000. They can easily manipulate the market both sides up or down. Bitcoin 70% supply is stored in a very less number of wallets say 5%. Don't you think Bitcoin can easily manipulate and below $1000 is still possible?
Bitcoin can easily be manipulated but can't say that persons can easily change it's price by buying a lot of bitcoins in low or high prices (I mean group buy). As I see bitcoin's price is easily manipulated when someone says something on it, for example when there was rumor that china was going to ban bitcoin mining and etc something similar. Btw if bitcoin go under 1000$, then I highly believe it will damage bitcoin's reputation and kill all hope of further rise in everyone. |
|
|
|
|
Nowdays less and less promising coins are created, personally the last one (really great coin) I have seen was Grin coin but not a good choise for investment because it's like Zcash to my mind (I mean price movement). It started with high price from the very first time (maybe 10$ or something higher, can't remember correctly) and then felt down.
Btw for shitcoins, yobit is great place, people make money with dead coins here lol.
|
|
|
|
Is it possible to spend daily expenditure by gambling money? It is possible depending on the game that you are playing. Usually, I do Esport betting. Esport betting gives me the upper hand since I know the teams well the possibility of losing is quite minimal compared to casino-based gambling. If you gamble in casino-based gambling well I guess it's not possible because the games there are based on luck. Congrats if you can make casinos bankrupt but I want to say that it's not possible, have you ever seen any casino was closed because they couldn't handle loss? If it was possible to profit longterm, then there would be no casino. They include a lot of factors to make sure they won't go bankrupt at the end, that's why we they have house edge for example, also take roulette, zero on it is a game changer for casino, slots are modified to profit casino owners. Gambling is to have fun, not profit, that's why it called gambling, there is word game in it, just play and get fun from it, don't look it as a profit source. |
|
|
|
|
Wow, 74 GPU is pretty good OP, congrats. I am also GPU only miner and currently have six gtx 1080ti, made 1/4 ROI in some weeks last winter, suddenly this GPU become very provitable on altcoins. I have already ROIed and currently I stopped mining because profit is very low, doesn't worth for me to mine and spend my GPU resources in low profit, prefer to save them and mine in near future when price will rise. I think this is a good move because my GPUs are pretty good (great model) and it won't be hard for them to work in next 2-3 years.
|
|
|
|
|
No need to do that. If your kids are very interested in earning money, then they'll try themselves to learn basic graphics, html/css (which is pretty easy for teenage) or any other thing or find bitcoin and learn more about it but also there is a huge chance that when your kid will find cloud mining of any bitcoin investment option, will tell you nothing and decide to invest in them and finally lose his/her own money.
|
|
|
|
|
That's so, so silly to imagine everyone has their own currency, any idea here? For this reason no one would be able to exchange it and it's like analogue of not existing of money and we all had our goods to exchange in somethings which would cause chaos and that's why we have unique thing (in this situation money) which is acceptable for everyone.
Btw current economy isn't good and banking system is absolutely shit + there are some people who have so much money which they don't need to use and will never able to spend so much but still they have it frozen, don't spend it. Money has to be in circulation and in people, not in one man's hands.
|
|
|
|
PayPal's started to become even more aggressive than usual towards crypto in fact. There's a thread in this section by TeslaWatt ( click for link) detailing PayPal limiting the user's account for sales of crypto miners because PayPal stated the miners were 'high risk items'. PayPal's not only against you with crypto sales and trades, they're against you for anything that is not a physical item that has a tracking code. You're going to lose in 99% of chargeback cases involving non-physical items. If you're doing anything with PP and cryptocurrency, DO NOT mention crypto. Can't say that paypal started to become more aggressive towards crypto because lately there was a news that Coinbase EU customers can withdraw to their paypal accounts. You knoe how famous coinbase is in crypto world and you know paypal, seems their collaboration is possible despite the fact that coinbase is crypto based and it's every service is crypto related. For more: https://bitcointalk.org/index.php?topic=5108043 |
|
|
|
I think there is also a chance people can make it rain themselves right? I am not really knowledgeable about the situation at all but I think I have saw people (not pd people but literally gamblers) giving out free money to people on chat after a big win, don't know if those are still pd people but looked like it was just gamblers who got too excited about winning a big bet and just wanted to share the money with others as well.
So, the chance of getting a random rain (free money) is not just limited with primedice employees giving out rains to you but also other people doing that as well, so every single day there are tens of rains going on and even though you may not get one for days in a row its inevitable that you would miss out on rain if you are constantly there.
As far as I know rain doesn't come on you, personally I have done rain a lot of times + have seen others and in both situation "rainer" didn't receive rain. There are a lot of people who do rains after good wins, also if I am correct pd has autorain so there is no need from employes to make rain but they can do of course. To be fair rain isn't something exciting, all you get is some satoshies. |
|
|
|
Bitcoin is going to rise again and very soon we would see that happening. I strongly believe that bitcoin is going to perform will this year and the best time to buy bitcoin and hold it should be now.
Bitcoin has begun to increase little by little, none is sure about the long lasting of the growth. Observing the market over the past few months time I find this to be the initial point for the growth of bitcoin. This month the market will see further growth of bitcoin taking it to cross $4500 which is the next price barrier to be crossed. Bitcoin was increasing little by little for last months from 3500$ but it wasn't able to surpass 4000$, don't know whu but currently this is maximum it can reach, hope this barrier will be destroyed soon. Maybe it will happen now, thanksfully price is 4K at the moment and hope it won't come down. But if ti won't happen in near future, I highly believe price will rise in 2020 because there is upcoming halving and if we look at past experience, halving was always a reason of rise, bitcoin reached 20K soon after last halving. |
|
|
|
I dont believe in the 0% house edge because all we know that game needs an income. But if it's true it's a great game that I want to try. And I think they only give a very small amount of information about the game. I think old gambler will not go to game like that because they think that it has a hidden information or charge against to gambler or player.
If you deposit and you can't profit from it. House "Casino" will still be able to income... Maybe they will change it in the future and perhaps it's only for the early stages of their Project. I think we shall make a lot of changes in SocialBet. But 1 thing will never change. House edge won't have a place in our platform. We hope, that community will donate us as we want to build a better world. Also, soon we shall publish an article with more details about our monetization. I have never seen anyone in this world donating casino. It sounds very strange too, when I gamble, more likely I'll lose or if I win, I'll withdraw it, is donation new thing? Donation is when someone loses. If you don't think your casino will profit with 0% house edge system, then what is your hope for running of it? When you ask donation it sounds like we just donate and others win/withdraw our donation, we donate for them. Maybe the 'donate' thing he do mention is about on players money losing out on his casino.lol . 0% house edge is really just temporal and i cant see any gambling site nowadays that do sustain with that situation. Monetization or making profits is one of the motive of these kind of businesses and no business will just be too concern to build up a better world. lol Maybe it is only in this launching stage that they are offering such 0% house edge and later on when everybody is playing on their platform, they will change the rules. And you are very right, a gambling platform donating their earnings? Sooner or later we will know what's the real deal here. Maybe they want to start with good image. If that's in launching stage, then sorry but very silly move, it's quite easy to move from this casino to another one if you don't like terms or etc any reason. I understand this man says they have different monetization model but if they want to keep profit and let players gamble with 0% house edge, then I think they have to set limit on total will per day overally because otherwise I don't know how will they function. OP you have to turn math while launching any kind of business, especially casino. |
|
|
|
thank you everyone for your responses, all advice's taken and will guide him accordingly.
if my cousin did bitcoin transaction without exchange to that person from Thailand then is there any sort of proof for that bitcoin transaction done with that person ? any sort of ledger or digital receipt perhaps that he can produce from that transaction so banks feels it genuine bitcoin transaction and not illegal money or money laundering.
my other concern is why do banks need to know how my cousin got those bitcoin and produce source of income for getting that bitcoin.
The problem is that you get a big amount of money which raised a question: why? how? I think your bank account don't has history of big money transactions. Banks don't know if your get money from bitcoin exchange or not but they want to know how you got this money, what was source of it because they think you are laundering money and not paying fees. Better to solve that problem with bank but be very carefully to not get that money lost. |
|
|
|
|
Every fact of retailers accepting bitcoin and other altcoin payments hugely increases chance of crypto's adoption. It seems like more and more stores are accepting it, will be great to know what kind of influence does it has on their sails, is it same and some people just moved on crypto payment as a better and easy option or integrating of crypto payments increased number of their customers.
Btw Didn't know if ebates become rakuten.
|
|
|
|
|
A lot of rich people who don't know where to spend money, gamble very often, a lot of celebrities and just many popular people were caught by paparazzis. For me that statistics isn't very interesting because it's very easy to obtain but what I want to know is how many celebrities actively gamble on bitcoin related casinos, that would really be an interesting to see.
|
|
|
|
|
Less price = less demand, not more profit. When there is huge supply but demand is low, price falls. You can imagine this on any altcoin which isn't manipulated. Most demanded coin is bitcoin, none altcoin has ever surpassed it's price. But you may ask why was ripple over ethereum with low price? Ripple's current circulating supply is more than 40x of ether's supply.
So from all of this, less price doesn't mean more profit, depends on coin because maybe it has zero chance to become popular because doesn't promise something that worths for crypto users. But you may find coin where less price = more profit. Also it's very hard to determine what is less price, especially when coin is new. For example a lot of people were in trouble when they bought Zcash in the begining.
|
|
|
|
I dont believe in the 0% house edge because all we know that game needs an income. But if it's true it's a great game that I want to try. And I think they only give a very small amount of information about the game. I think old gambler will not go to game like that because they think that it has a hidden information or charge against to gambler or player.
If you deposit and you can't profit from it. House "Casino" will still be able to income... Maybe they will change it in the future and perhaps it's only for the early stages of their Project. I think we shall make a lot of changes in SocialBet. But 1 thing will never change. House edge won't have a place in our platform. We hope, that community will donate us as we want to build a better world. Also, soon we shall publish an article with more details about our monetization. I have never seen anyone in this world donating casino. It sounds very strange too, when I gamble, more likely I'll lose or if I win, I'll withdraw it, is donation new thing? Donation is when someone loses. If you don't think your casino will profit with 0% house edge system, then what is your hope for running of it? When you ask donation it sounds like we just donate and others win/withdraw our donation, we donate for them. |
|
|
|
Hi
I am wondering if there is some sort of site where you can exchange your bitcoins easily to real money or idk what and transfer back so you can avoid if btc drops.
Thanks
You can easily use XAPO and similar providers where you have bitcoins in your wallet and can instantly exchange them with good fees + it offers you debit card so you can withdraw from any ATM with fixed fee or you can also use spectrocoin instead of XAPO and use their virtual/physical card which allows you to buy things online. I don't know if you mean anothing other in avoiding btc drop. |
|
|
|
100$ available, pm me or post here if you need PP
Let's trade |
|
|
|
|
Bitcoin isn't only currency and also there are more types of people than those who only think about profit, there are a lot who thinks on privacy and use it as a secure payment way + you can have offline wallet in just one small usb stick and store as much bitcoin as you want while you can't store millions in your home because that's unsafe + we don't want to give banks control on our money.
|
|
|
|
Actually designing something in the works now. Do you think a bitcoin ride share service is viable?
How are you going to compete against Uber, that spends billions a year on R&D? Let the man dream  For all we know he gets a couple of million in VC funding, not likely but possible. The domain is actually pretty good, I don't know what elda34b is saying. The name sounds pretty catchy to me. Thank you, I'm glad the name is good! I am currently working on a simple and easy to use ride share / delivery service available for Bitcoin users. I feel like it could be a great option for places of the world that doesn't have any ride sharing services and assisting transportation in underdeveloped areas. Will share more on how it works soon. If anyone interested learning more about the project, feel free to send me a pm! For now I would love your feedback on the design. Thanks  https://imgur.com/a/Lmj5qx9 Like design, pretty nice but for applications but to be fair it's very similar of shopping website, when I saw this template it looked like there were cars for sold. For your domain, I would unite uber, food delivery and etc things. For example imagine uber and glovo services united in one app where we have to pay with bitcoin, domain matches pretty well. Also personally I like Glovo's design, I would make colours green or blue because so much orange isn't attractive for eyes. |
|
|
|
|
At first the great thing changelly offers is no need of verification. They work like any service, for example gambling website which has built in exchanger but difference is following: shapeshift/changelly makes procedure super easy for you but with high fees. For example you need to exchange 1000$ worth bitcoins into etheteum, you deposit and get 960$ ethereum instantly. But they exchange that money on exchanger or have direct provider and do 1:1 rates.
|
|
|
|
|
Show Posts
