An off-chain layer for NFTs, with Bitcoin as the settlement layer, will be actually be the most ideal conclusion for the "Ordinals Drama". It's going to be more efficient, cheaper for users, and developers could actually build "trading" apps using them because transaction throughput will be higher.
That's assuming that's what they want. 'They' being the creators of Bitcoin blockchain bloat and spam. I don't think they are interested in moving their activities off-chain. I'm assuming from the viewpoint that capital is limited, and Bitcoin = Capital. They either run out of capital first by doing expensive on-chain transactions, or they are going to start to do it more efficiently and cheaply off-chain. Plus I believe we could also assume that that many of "those" users want cheaper transactions as well, and that they would accept the trade-off of having lesser security to have cheaper transactions.
I am ready to be proven wrong, though. I think making the Bitcoin blockchain congested is one of the goals, aside from tricking a big enough crowd that the inscriptions have a value. They are trying to prove a point by saying, you didn't want a bigger block size, so enjoy our Ordinals on your low-throughput network.
There "could" be some entities that "could" use Ordinals as an attack vector to spam the blockchain, and make it congested. Good luck to those entities, and let them burn though their capital. The miners + a small group of people will make money, 90% will not. It's simply not sustainable plus it proves that the system works. |
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I've already claimed all my shuffle token from the airdrop and gambled it away. You can use your shuffle tokens to gamble. Take note, for every $50 you wager on Shuffle.com you can receive 1 SHFL Token. I suppose to hold my shuffle tokens but I couldn't resist gambling it since they were already in our Shuffle account. Maybe if they were in our personal ETH address, I could hold it until we could make a great profit. For now, I think it's a good time to buy Shuffle tokens and stick to shuffle if you want to play in online casino. This is the best way to get rewarded.
I can't check right now, but I can gamble my SHFL tokens without withdrawing them? Ethereum fees are currently VERY high, no? Higher than Bitcoin's fees? I'll merely leave them in my account if I can't do anything with them.  Plus did Shuffle casino just received $2,500,000 in investment from institutional investors? That's a good indication of a successful future, or a high probability of success if you ask me. |
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why? what is your reasoning behind this statement
Hear me out: Ordinals on Lightning.  No of course they're different. One is a L2 solution for moving around BTC and the other is a L1 solution for moving around satoshis of artificial importance. An off-chain layer for NFTs, with Bitcoin as the settlement layer, will be actually be the most ideal conclusion for the "Ordinals Drama". It's going to be more efficient, cheaper for users, and developers could actually build "trading" apps using them because transaction throughput will be higher. Plus from a technological/development standpoint, building off-chain layers might be a learning experience for the developers, the actual users, and the general community. |
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Considering how we are ~6 years after the ICO scam and it still hasn't died, there is no reason to expect the Ordinals scam and attack end without any intervention. The hype may decrease but wait until market enters big bull run phase and newcomers flood the market, and we'll see how Ordinals Attack increases again as they get fresh victims.
Ordinals and the Lightning Network should be viewed as the same thing. Supporting one and not the other is hypocritical. I'm not saying they aren't both garbage, I'm just saying it has a fundamental importance that they be treated the same. They're the same that they were developed and built on top of Bitcoin without permission, BUT they are not the same thing because they technically function differently. The Lightning Network was built to give users another way of sending/receiving Bitcoin, and doing it cheaper than on-chain transactions. Although it has many critics, it's trying to solve a problem. Ordinals? It isn't for the science/development of new technology, it's an inefficient way to use the network, it isn't trying to solve anything. What it's good for is shitcoinery/"trading" assets denomonated in Bitcoin to "maybe" make some profit in Bitcoin. |
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--snip--
👍 Many people keep repeating that nodes need more storage, but it's not the actual concern. Storage is cheap. It's bandwidth that's currently the potential problem because in some regions they are more expensive. RAM and CPU are also getting more expensive, and that might also be another concern if network consensus allows more transaction throughput. But on other hand, you don't have to buy newest generation of RAM/GPU and both RAM/GPU still getting faster over time. Bandwidth isn't big problem either, since blockchain size increase only about 10GB or less per month. That's because of the conservative design decisions made by the Core developers. Because IF they did what the Ethereum developers are currently doing, it will definitely be harder to run Bitcoin using consumer hardware, then the network will centralize towards the entities who could afford to run full nodes, weaking Bitcoin's value proposition. How then would the community validate the blockchain for themselves? I sound like a broken record, but it's posted for the newbies who might read the topic. |
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Node are more or less a medium of communication that sends, receive or processes bitcoin data. Node performs two main task:
(i)keeps duplicate copy of the blockchain, just like your phone keeps records of your calls in "call logs" and messages in "message inbox"...
A significant difference is the type of data nodes have and distribute. Your phone keeps records of YOUR calls, YOUR messages, and other history about you. Nodes process global data of everyone that interacts with the network.
All you need to run a bitcoin node is a computer and an internet connection...
And a lot of free space to store the blockchain data if you intend to run a full node. Alternatively, you can run a pruned node with much less needed disk space. 👍 Many people keep repeating that nodes need more storage, but it's not the actual concern. Storage is cheap. It's bandwidth that's currently the potential problem because in some regions they are more expensive. RAM and CPU are also getting more expensive, and that might also be another concern if network consensus allows more transaction throughput. |
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In my personal opinion 2025 will see the market value/volume for Gold ETFs go down, and Bitcoin ETFs to surge.
you have personal opinions?? since when..? seems you just take other people opinion.. im still waiting for you to for once have a personal opinion of your own you didnt take from someone else  Everyone has an opinion, frankandbeans. You may criticise it, or me, but at least I didn't try to scam someone to have a debate with me just to validate an opinion. It's in your trust-rating. an opinion you stole from somewhere days ago was that gold was king due to YOUR ill informed thoughts that china was buying gold exponentially Please confirm that that's not actually true.
If China wants to lead the "New World Order", it needs to have a very large Gold Reserve. Because if they don't, Russia will do it.
OK, but that doesn't change the FACT that China and Russia have been building a Gold hoard. Whether it's for their preparation for the fight for their "New World Order", probably debatable. But it's probably also good to check the Gold/commodities purchases of the other countries in the "BRICS Commonwealth".
funny how you listened to my points and are now saying gold has reached its day and bitcoin is king as the upward trajectory for 2025 the reason is simple
gold mining of 2021-22 seen the cost of mining rise due to inflation of diesel cost of mining gold
this meant the speculative market post-mining seen gold ATH in 2023
however diesel costs dropped by 35% last year back to near normal levels so indicators are gold can see miners mining more often again cheaper, which will correct the gold price down in 2024-25
however with bitcoin adding demand(etf) and reward halving next month. the cost of mining and the demand for BTC is on a 2024-2025 rise
in short btc up gold down
and so people are selling gold etf and buying btc etf
I stole from you? Why would I do that franknbeans? Did you steal your opinion from this? Because I could literally do a simple search with the right keywords, and this link would be in the first page. |
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My impression is that the peak will occur some time before November 2025. Perhaps due to expectations based on previous cycles, we are already in a more advanced stage of the bull market in early-to-mid 2024, so I personally expect the peak in the first half of 2025. This would roughly mean that if we go for the formula, the peak could be between 125000 and 135000 USD.
That's approximately the price range where I would be comfortable selling in this cycle. There are however some indications that it could be higher, because 2020/21 was a particularly bad year for the world's economy due to Covid. If the recovery continues and interest rates continue to go down, then I expect more than 135000.
I believe those are very conservative ATH projections. Because of the ETF, Bitcoin's potential ATH value has probably increased ten-fold. Asset managers around the world that wanted some exposure in Bitcoin can currently access it through the ETF. Plus if you're an asset manager with billions under management, would you continue holding a less profitable Gold ETF? Or will you sell some of that to purchase a more profitable investment? In my personal opinion 2025 will see the market value/volume for Gold ETFs go down, and Bitcoin ETFs to surge.
Potential other positive "black swans" could rise the peak even higher:
- China allows crypto again
Plus China is in Quantitative Easing/has their money printer on.
- The BTC vs gold debate becomes more favourable for BTC and BTC is seen as a real competitor, e.g. first central banks buying BTC
Russia?
I'm not really expecting these two events soon, so these would count as black swans for me if they occur before mid-2025. But I'm expecting them for the next 2 cycles.
👍 |
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They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. Many people will leave the most important part out of the sentence, which is being the BEST top 10% of active traders. Believing that merely becoming "a trader" as a pleb with low capital would be enough. Plus if a person is a profitable trader, but his/her profit is just 15% better than Bitcoin, would it truly be worth the stress and anxiety? It probably will be for people who do not value their mental sanity and time outside of cryptocurrency trading. But if you ask me, outperforming Bitcoin by a mere 15% is disappointing in my opinion. Let's be honest: the majority of traders will wind up with less Bitcoin in their pockets than if they simply HODL'd. And if you're someone who values his mental health and is still considering trading, then you're not doing yourself any good, because trading comes with a lot of mental stress, which isn't ideal for someone who values his mental health. so rather than putting yourself through all that pressure, why not just HODL and save yourself all the trouble. I'm very confident that most of us plebs who "traded" during the last cycle, denominating their capital/portfolio in fiat, currently have LESS value denominated in Bitcoin today. Because we're mere plebs, and because we can't truly win/out-trade those professional traders and their army of trading bots, then the best decision we can do is merely to denominate our capital in Bitcoin by HODLing everything in Bitcoin. Surely, I don't advocate for trading in order to build up your BTC holdings, yet if you are in the stage of building up your bitcoin holdings, then the best way to do that is to continue to buy in various ways, whether DCA, lump sum buying and/or buying on dips... so then once you get enough or more than enough BTC, then you can start to sell them as the price goes up... so then there would no longer be goal to have more BTC as the price goes up. So one of the BIG questions relate to how much BTC (satoshis) is enough and when you can conclude that you have enough and you are in a position in which you can start to feel comfortable to start to sell some of your BTC as the price goes up and/or just on a regular basis as a percentage of your holdings to sell regularly as a source of your main income or to supplement other income sources that you have. That's a question without a right answer because if you ask twenty different people "How much Bitcoin is enough", they probably will give you twenty different answers which depends upon their situation in life, their age, their technical understanding/how much they care about learning the technical side, and the amount of conviction. I believe the amount of conviction would increase if investors had more understanding about the incentive structure and the game theory behind Bitcoin.
Maybe a formula that I would use to determine if you have enough bitcoin would be to consider what is your annual expenses in the standard of living that you would like to enjoy and multiply that by 25, and if your BTC stash (as measured by the 200-WMA) is within 75% of that amount, then you likely are at the entrance level of having enough which means that you are likely ready to start to employ some kind system in which you are drawing upon your bitcoin stash, whether merely on price rises or maybe you want to just start to withdraw regularly on a monthly basis.. or some other period that is comfortable for you.
👍 A simple guideline that's modifiable to meet the requirements of each individual. |
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tech jobs wont be 45year careers with one company. but contracted seasonal work..
so lets all stop assuming the career with one company+pension plan model, and just accept the reality, 6 month contractors outbidding each other
its much lick brick laying. once you built the suburb/estate. thats it, next project. if your not willing to move to the next project your not re-hired.
dont treat it as being laid off.. treat it as contract expired
the only option to get a 'career' is to attach yourself to a professional agency, that finds you regular work. much like how actors move from movie to movie(production companies) but are retained by the same agency
But that's not that actual point. Those tech lay-offs are caused by lower economic activity because of the Federal Reserve's Quantitative Tightening/Rate Hikes, which, truthfully, is NOT that high compared to what Paul Volcker did during the 1970s. Paul Volcker was more aggressive, and caused a recession on purpose to curb inflation, and reset the economy. If Jerome Powell followed what Volcker did, then the crash would probably have happened during 2022, killing demand/lowering inflation, and the Federal Reserve might currently be in Quantitative Easing today. ¯\_(ツ)_/¯ |
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Recently I played new game of Push Gaming Swarm Wild 2. I don’t play the first version so I don’t have any idea if the game has same features but what I really on this slot game is it has a feature that increase the slot RTP when you increase the hive level through collecting bees.
The increase of RTP gives you more chance to win higher multiplier on chest and a possibility to have swarm mode which increases multiplier of the bonus mode. I think I play some slot game like this on Play’n Go but I already forgot the name. Does anyone here play this kind of slot game and is your favorite so that I can try it too! Here’s the review of swarm mode 2 for those interested to check the game specifications. https://www.bigwinboard.com/wild-swarm-2-push-gaming-slot-review/You never said by what percentage RTP is increased. If it increases from 96% to 99% you will notice that only after playing many thousands of games. If less than that(which is most likely the case) you will hardly notice it at all. . These slot games are in the popular casinos I'm just not sure if they have the higher RTP. If you are to look for it, it will come up using the search box and you just have to examine each. Though slot is a popular game, there are just so many varieties of it, they change its same with very little modification. I believe 90 to 97% RTP is customary for all slot machines across all providers, although I heard that there might be some slots that have 98% RTP like Unchartered Seas, Money Cart 2, and Alibaba Jackpot. But I'm not very confident about it because I haven't tried playing them, nor do I play slot machines except for Dig Dig Digger. IMO based of my experience playing
No matter the game slot have (96% / 98% RTP), all are the same. I more like it on the (Volatility & Type Game it self) rather than to see on RTP. Seing RTP is required millions spin and is being done with research from university as well.
Rather than seeing RTP, better to see on other factor like (Type Bonus, Type Game Slot, Volatility).
Long term, the casino always have the edge no matter how small. That's their business model. The slot machines that we probably should be playing are those that have a progressive jackpot. If the jackpot is large enough, we probably will have the edge. |
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They also forget to use Bitcoin as a benchmark from where the value of their capital is based from? Why? Because if a "trader" can't outperform Bitcoin, then why be a "trader"? Simply be a HODLer and try add units in your capital in Bitcoin by buying the DIP and/or DCA.
They are in belief that being a trader is the way to riches but they don't realize that it's the hardest path and we've got some easiest strategy and that's effortless through DCA. Being a holder and just adding up more bitcoins by having buying is what they just have to realize that they'd able to see why we keep on telling and suggesting people to do it. No need to get into the battle of hassle with other traders when you can HODL and DCA. Many people will leave the most important part out of the sentence, which is being the BEST top 10% of active traders. Believing that merely becoming "a trader" as a pleb with low capital would be enough. Plus if a person is a profitable trader, but his/her profit is just 15% better than Bitcoin, would it truly be worth the stress and anxiety? It probably will be for people who do not value their mental sanity and time outside of cryptocurrency trading. But if you ask me, outperforming Bitcoin by a mere 15% is disappointing in my opinion. Let's be honest: the majority of traders will wind up with less Bitcoin in their pockets than if they simply HODL'd. And if you're someone who values his mental health and is still considering trading, then you're not doing yourself any good, because trading comes with a lot of mental stress, which isn't ideal for someone who values his mental health. so rather than putting yourself through all that pressure, why not just HODL and save yourself all the trouble. I'm very confident that most of us plebs who "traded" during the last cycle, denominating their capital/portfolio in fiat, currently have LESS value denominated in Bitcoin today. Because we're mere plebs, and because we can't truly win/out-trade those professional traders and their army of trading bots, then the best decision we can do is merely to denominate our capital in Bitcoin by HODLing everything in Bitcoin. |
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I’ve been saying for about 6 years now that $200K is my price. If we hit that level it will be difficult for me to continue being a holder because I will be able to do pretty much everything I’ve ever dreamed of, with the exception of owning the Sacramento Kings, but that pipe dream may be forever out of reach.
To purchase shares of the Sacramento Kings, it's probably better to wait for $2,000,000 no? Which Bitcoin surging to $200,000 during a cycle, could add to the probability that Bitcoin could surge to seven digits? Am I merely being a Moon Boy? I believe not ser. After BlackRock entered Bitcoin Land, followed by the Cabal of some of the largest asset managers around the globe, the kind of investors that will buy those Bitcoin ETFs might not care if the price of Bitcoin is $70,000, $200,000, or $1,000,000. They will buy those Bitcoin ETFs because they need it for their portfolios. HODL on longer. |
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windfury YOU are the one insinuating at first that the government may start blaming inflation on bitcoin.. in YOUR OP There's going to be a new narrative, and it's going to be a stupid one. Analysts from the legacy financial system will start blaming Bitcoin's price surge for making the Fed's "higher for longer" longer.
(future tense meaning they have not said anything so far)now YOU double down and take your own stupid notion to be your backed up story to then insinuate High asset prices, including Bitcoin + sticky inflation have always been an indication that the markets remain excessively optimistic even if it's facing some probability that the economy might could break sooner or later. WHICH they'll use as a narrative that it's making Jerome Powell and the Federal Reserve delay the pivot/rate cuts. Although there's some truth to that because the Federal Reserve have their hands tied, the actual truth is the economy has to break before the Federal Reserve could actually pivot. the fact that they're starting to make a narrative about Bitcoin that "it's one of the possible causes of inflation" its not a fact if you dreamed it upits not a fact if you are using your own words as a source, not some actual external sourceSer, |
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Yesterday was rough for me. I replaced the hot water heater for my house along with a car repair and a lot of landscaping work. I was pretty tired by the end of the day and after getting my push-ups in my arms were pretty sore. My first 25 this morning were rough, but I'm going to keep the streak alive no matter what as I know this Bitcoin rally depends on it.  If I were a smart man I would probably take a day off and let my arms recover a little bit, but I don't think anyone in this community will accuse me of doing the smart thing anytime soon. 75 more to go today and we end the day at $75K!  Don't worry ser. This challenge, or punishment, that you have urged yourself to do will probably not last by more than three months after the halving. Plus the people who has just joined the challenge, expecting to transform into a rock-hard, muscular Chad will be very disappointed because it should take more than one year of 100 push ups per day to acheive "The Chad". I believe $75,000 will not happen today during CPI announcement, especially when everyone is projecting a higher month on month CPI print. |
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I am pretty sure almost everyone that entered this cycle will sell at least some at $100K. This is where we might have that issue like we did with the 2017 top. Where we reached $19500 but never touched $20000 since many had their sell orders there. So keep in mind if this happens then there is a good chance we might not reach $100K but might touch $99K and head back down.
However I predicted this back at $10K in 2017 and $50K back in 2021 and I was dead wrong and sold way too early. So take my analysis with a grain of salt. Either way, somebody has an exit price, even Saylor. If we reach $250K, even he might start taking some partial profits at least.
Don't be quite confident ser, it will not be everyone. I was one of those people who had a "take profit" target of $100k when I started to purchase the DIPs during 2019. But as the six digit price valuation target started to become more and more possible, my take profit target became higher and higher. Then I said to myself my new "take profit target" will be $500,000, then probably to seven digits, then after BlackRock = Never. ¯\_(ツ)_/¯ |
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It’s all noise, they’ll say anything to try & distract you from the fact that the reason we’re in this mess is due to their reckless money printing & stimmy cheques during the pandemic.
It's definitely noise. BUT shower thought, the fact that they're starting to make a narrative about Bitcoin that "it's one of the possible causes of inflation" probably makes for an argument that it's starting to be accepted as a commodity like Gold or Crude Oil, no?
Hold tight because they will lower rates later this year & that’s when Bitcoin will fly.
They will lower rates for the wrong reasons. During the time Jerome Powell pivots, will be the time when unemployment surges. Legacy will crash before it could surge. Bitcoin might be affected, but the crash will be back to $50,000? |
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My only suspicion its because of my geographical location, but even then if that's the case they should refuse customers from that country.
Although you're right, BUT if you're going to deposit real money, it's actually also your responsibility to read the terms of service of the casino and check if the region where you currently live is prohibited. I know it's too long to read, but you can simply press CTRL-F then "Your Country" and do it in all of the pages of the terms.
I have sent a message to Shuffle support team letting know my report in bitcointalk. trustpilot and 0 response. Idc anymore, I was hoping this will compete with RLB and wanted to give it a try before investing in the upcoming token sale( which already live now)
The airdrop is probably another reason why Shuffle is extra rigorous on security, as a Sybil Protection mechanism. |
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2 days in, I am a couple of hundred dollars up with less than $1000 total wagered and now they disabled my withdrawal option, betting option and want me to provide KYC to even withdraw my money just $100 balance! I never saw that before with my 5 years+ gambling on casinos.
I do not have any bonuses enabled. I tried to complain in the chat and I got muted for 20 days. Maybe I was a little rude with my rant for them asking KYC but 20 days really? Luckily I did not deposit thousands.
Your case is bizarre. I have heard of people wagering thousands of dollars without facing any issues at Shuffle which is why I have no idea why they chose to disable your withdrawals completely. You should have provided your KYC though since it's pretty much mandatory at different stages in literally every crypto gambling site(Excluding decentralised ones) these days. True that, I wagered more than 50k here with a bankroll average of 2000$ without encountering any issue. I’m playing regularly on blackjack and casual slot/sportsbook. I’m still in the profit side around 1000$+ here without encountering any issue such as KYC or unable to withdraw. I always notice that most of the users that have problem on any casino play sports betting and most of the time involves multiple account or arbitrage betting. Seems like they are using same pattern of strategy to attain almost surebet since this is always the case in every casino. Arbitrage requires the user to have multiple accounts, BUT multiple accounts that are registered in different sports-betting services. I believe those people who get banned are either lazy in looking for arbing opportunities across different services, or they're probably newbies who don't take the necessary steps not to get caught and marked as an "arber". But sometimes when a newbie account posts an "issue" in BitcoinTalk, doubtful if it's either true or if it's truly a newbie. The verification of the truth in their posts should depend on them. |
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Though I've never played blackjack before and I don't even have any plan of playing the game anytime soon, but do you mind explaining in details what card counting in blackjack is?
And I think I've read something about card counting somewhere in the past and it was categorically made clear that card counting is something the casino takes a big offense on, and could instantly ban a gambler who is caught engaging themselves in card counting while in the middle of a game.
If this is right, then are you even advising gamblers to do this when you know that if they are caught, it could get them into serious trouble?
I am expecting to read a reply from you addressing this things I've stated here, we all know that casinos are designed in such a manner that they Just want the gamblers to be at their mercy all the time, if card counting is really a strategy that is giving players an edge over the casino, do you really think that casinos will allow such a strategy be?
Go to YouTube. There are many explanations in there about the concept, and they illustrate the math behind the concept and what to do if the deck is ready for the card-counter to take advantage. In the forum, ask Coin_trader. I believe he's one of the regular players of BlackJack that's most knowledgeable about the different concepts of the game, and their strategies. He also made a guide that's somewhere in Gambling Discussion. To add some, we will know what is card reading also without getting bored finding its meaning because there are a lot of movies regarding that as well. You can see one of the most popular movies related to card counting, watch the trailer of this movie. 21 Trailer. Read the summaries too. https://www.imdb.com/title/tt0478087/plotsummary/I believe it's merely better to go straight to the source of the actual information, and it's all free for you to have and learn from. But just like trading books, information, technical guides, and other sources, what you do with the information depends on YOU, and how to apply it practically. I'm confident that 90% of us plebs won't be profitable for a long time after trying to apply "the information". It will take months of practice, and it will possibly also take longer to accumulate the proper amount of capital to use and apply "the information". |
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