First sorry for abbreviating your sentence in the quote, but without punctuation it was quite hard to narrow down to the appropriate place

I would even go so far as to say that for many (crypto) online casinos, the forum here is the best way to promote the site. There are simply a lot of people meeting here who are both interested in crypto (and in most cases own some) and like to use online gambling platforms. I think the way the sites are advertised even plays a subordinate role, the target group is definitely hit very well here.

That's right, you could have even ended your sentence after "Gamblers burn their money". When you use 100x leverage you have to be aware that in 50% of the cases your stack is gone immediately. You might as well go to the casino and bet on black or red (ok, not quite).

The problem with such high leverage is simply that the bitcoin market turns way too fast. Even small recovery phases in a bear market can liquidate you very quickly, such as last week, when after the massive dump a few hours later a short recovery phase set in. Leverages originally come from trading with currency rates, which due to the very small fluctuations (0.001% per hour, for example) trading was only possible/meaningful with very high stacks. This is of course a completely different case with cryptos with fluctuations of xx% per day.

There is actually no such thing as "cut losses". A "loss" only takes place when you sell, before that it's all just book money that has been lost (but of course also gained). Only when you actually realize the loss, you talk about a loss.

Getting into the predicament of having to sell at a high loss only happens when you have either invested far too much money in the market or suddenly need the money urgently, for both of which crypto is unfortunately, as you rightly say, the wrong investment path.

Cardano 360 morgen Abend

Morgen Abend findet das nächste Cardano 360 Event statt. Charles hat den Inhalt ja schon etwas geteasered, unter anderem werden folgende Punkte ein Thema sein:

• ERC20-Converter - Aktueller Status und Veröffentlichungsdatum
• Hydra (Scaling-Lösung) und Mithral (zk-SNARKs) werden diskutiert
• Die Alonzo-Roadmap wird detailliert
• Es werden Partner Zeit bekommen darüber zu sprechen, wie es ihnen mit der Entwicklung ihrer Smart Contracts auf Cardano geht, da ist sicher auch wieder SingularityNET dabei, welches ja von ETH Richtung Cardano wechselt

Das Ganze dauert normalerweise rund 3 Stunden und startet morgen um 16:30 UTC/12:30 EDT.

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In einem Bullenmarkt sicher toll, wenn man statt 500€ für die Wohnung ein Monat später nur mehr 100€ bezahlt (hat) ... in einem Bärenmarkt stell ich mir das nicht so toll vor ... 

Funktioniert bei mir leider auch nicht, bekomme dieselbe Fehlermeldung obwohl ich aktuell nicht in einem VPN hänge. Dürfte wohl tatsächlich Probleme geben beim Claim, ich probiers sonst heute Abend einfach nochmal.

Aber ja, 2,5 Millionen wäre schon richtig heftig für einen Airdrop. Wobei es ja so aussieht, als ob man tatsächlich nur eine Adresse benötigt. Der Airdrop lässt sich so mit unzähligen Bots relativ einfach abgreifen ...

To put it simply, a plain address mapping can be used to find out, for example, which transactions were carried out from an exchange or, as in this case, from a gambling platform. The fact that many gambling platforms always use the same blockchain address for payouts is used here; this address can be blacklisted and deposits from this address (or several, if the gambling site uses several) can be blocked.

That's not quite true, no. AML does not make more precise definitions of how "dangerous" certain sources of money are, but still explicitly highlights that online gambling can also be used to launder money. Therefore, apart from AML, there are already some measures in place to limit money laundering as much as possible:


Of course, an exchange could now invoke this and block deposits from gambling sites. But why an exchange should prevent withdrawals to a gambling site is beyond me.

I think it is not only about greed but also about lack of experience. I could observe this last week with one of my friends:

Bitcoin dropped 5%, dropped 10%, dropped 20% and my friend gets more and more nervous and makes self-accusations like "I should have sold right away, I'm so stupid". Bitcoin then dropped another 5% and he presses the "sell" button in panic, of course at the absolute bottom and the price turns back up shortly after. What does my friend do? In panic get back in, because Bitcoin could now rise again to 100k ...

I don't know how many dollars he lost that day, but in my opinion it shows quite nicely what can drive inexperienced investors to "buy high, sell low".

The GDPR has nothing to do with AML5 (which is where the KYC requirement for Exchanges comes from, for example). Simply put, if you operate a company that holds money or crypto currencies for other people in any way, you must comply with AML to avoid losing your license or incurring severe penalties:


However, AML5 also states that KYC data must be stored for 7 years and submitted if required, e.g. if a customer of the exchange/platform is under investigation for suspected money laundering. Thus, you cannot have this data deleted.

A brand new user promoting a new project with his first post?

I would be interested to know why you find the project so "neat"? What are the merits of the project in your opinion? I didn't see anything now on a quick first look that would make the project/website so unique?

The documentation and tutorials are still completely "under development", so even if you would like to get to know the site better you can hardly find any information about it ...

I see it exactly the same way, why should they? The exchange is not responsible for where the user transfers their coins to, nor is transferring an amount to a gambling site illegal. So I am 100% sure that this is a misunderstanding.
What I could well imagine though is that the exchange does not allow withdrawals to old BTC addresses and only allows segwit addresses for example. However, some gambling sites still use old BTC addresses.

Without an exact information of the support why the withdrawal was held back we will not find a solution here and can only speculate.

For all those who have been in the market for a while, this is absolutely not a new situation now. This was already the case in 2013, it was also the case in 2017 (e.g. the BCH "attack") and now it is happening again in 2021.  However, one thing was the case in 2013 and 2017, which I am hoping for again now ... a massive last "leg up":


Of course, the market sentiment is different now, for example, there are many more institutions on board. Nevertheless, I believe that we may see a repeat of the market patterns of 2013 and 2017.

Habe heute einen ganz interessanten Tweet entdeckt, der den aktuellen Zyklus mit dem von 2016 - 2020 in Relation setzt. Würde folgendermaßen aussehen:



Quelle

Wir hätten demnach noch einen "leg up" vor uns bevor es tatsächlich auf niedrigerem Niveau wieder konsolidiert. Als Hopium in diesen schweren, blutgetränkten Zeiten gar nicht mal so schlecht, was sind eure Meinungen dazu?

This is exactly the point that makes KYC so dangerous to me, no one can guarantee you that your data won't be stolen or like in the 2017 ICO era where every airdrop required KYC, simply resold without anyone ever knowing about it. This data is unfortunately worth a lot of money, especially scanned passports or other identification documents.

With KYC Level 1 (name + address) as with Roobet, however, I have fewer concerns, this is basically data that, for example, here in my country everyone is allowed to see for free.

Für dich als Endanwender ist das erstmal noch garnicht relevant. Damit können Projekte, die von ETH auf Cardano migrieren wollen, ihre Coins und Smart Contracts migrieren, ohne, dass sie da Unmengen an Zeit investieren müssen. Eines der bekanntesten Projekte, welches von ETH auf Cardano migrieren wird, ist ja SingularityNET. Celsus Network war auch schon des öfteren im Gespräch, es gibt aber mWn. noch keine fixe Zusage.

Hättest du jetzt AGI (den Token von SingularityNET) und das Projekt ist migriert, dann könntest du deine Token ebenfalls auf den Cardano-basierten Token migrieren wenn du den ERC20-Converter verwendest.

Auf alle Fälle ein cooles Teil, ev. wird ja tatsächlich das eine oder andere größere Projekt wechseln, man darf auf alle Fälle gespannt sein!

This has a very simple background: There is no strategy that is always successful in every situation. If there were, then there would be no more casinos because of course everyone uses the strategy and the casinos would be bankrupt in no time.

In the end, it always comes down to the fact that you can't beat the house (the so-called house edge). Some days you go home with profits, many others not. The more you play, the closer your win <-> loss ratio gets to the House Edge (which is eg. 1%).

Martingale works well in some situations, but only takes advantage of the effect that, for example, 7 blacks in a row is very unlikely (but still happens, of course).
Why 7? Imagine you are playing with a 5 dollar bet. If you were unlucky enough to get black 6 times in a row, but you bet on red, you would have to bet almost $60,000 on the 7th game to make up for the loss. You would need a huge stack to accomplish that ...

This would require a more detailed knowledge of the regulations. Here in Europe, KYC documents (and trading activities, for example) must be stored for 7 years so that the data is still available in the event of a crime. In this case, you do not have the right to insist on the deletion of your data.

I assume, however, that such regulations are very similar worldwide and will therefore also apply to Roobet in a similar form. The only possibility as an end user if you do not want this is not to use the offered service (exchange, gambling platform, ...) and to switch to alternatives that do not require KYC.

KYC Level 1 has only been mandatory for a relatively short time, discussions about it started here in the thread around mid-April:


So I wouldn't assume that it was already in the terms of use. Unfortunately, only someone from the Roobet team could answer that. If you read on from the quote you will also find tips that you could enter fake data to withdraw your coins, but I would definitely not recommend that, because Roobet verifies the data for sure, especially when it comes to larger amounts!

Unfortunately, this is a "dialog" that you can't click away to stay on the page, so you can't get into the menu to do the withdraw yourself.

Since the verification was only introduced after your deposit, I would contact the support directly in your place, they can certainly help you. Due to the fact you can't reach the live chat on the site, I would try it directly via the support email address (at least it worked last year for me, I hope it is still active): support@roobet.com

Exactly, I see it the same way. I therefore also find the term "stablecoin" very misleading, especially for newcomers to the market. It is and remains a coin that is also controlled by supply and demand. If huge amounts of stablecoins are thrown onto the market, their price will fall just as rapidly as that of Bitcoin, for example. This could be observed 2 days ago:



Source

The "stable" here simply means that the coin fluctuates much less (strongly) in the course of the day but even with Tether, for example, you are not immune to collapses.