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Really funny how people starts to blame other countries with no specific facts that can back up their claim. Why do you really think China has caused that crash? Any recent event that caused people to panic and sell? If it is really because of China, then this crash is just temporary. It will recover in few days after things starts to settle.
We have seen these ups and downs of the price from the very beginning. This is nothing new over here. So spreading false news about "China" banning exchange and other bullshit news should be stopped.
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-snip- Accessibility Problems-snip- Faulty Lending Systems-snip- Infrastructural deficiencyAnother user highlighted the problems encountered with bank’s ATMs: https://twitter.com/SirLordStacks/status/1187470363208208384These are the kind of problems that you will not have when making transactions using BItcoin and cryptocurrencies. For many people, especially those who are already familiar with using Bitcoin or other kinds of cryptocurrencies, such limitations can be really frustrating. Just pointing out your key points. It is true that banking system does have its own problem, but we can't deny its importance right now. Similarly bitcoin and other crypto currencies also have their own drawbacks. What if you have some sort of connection problem when you need your coins the most? You won't be able to access your coins if you are having such problems. What if your device were you stored your coins and private keys are out from your reach temporarily? Bitcoin does not have a "good lending" system as of now. This is a decentralized currency, thus making a lending platform means you will need a centralized platform. You might also face problems when making transaction. What if you were supposed to make a transaction of 10 BTC, but you make a mistake and add an extra zero? Remember your transactions are irreversible! |
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If someone bet and he suffers a big loss and then goes here to ask a little help from you, are you willing to give him help?
Have you ever experienced something like that, how do you deal with this loss?
I have never experience such thing (did lose small amounts but didn't care much). But I have seen people in online casino losing a shit load of coins. I have never seen that begging on the chat box after losing his coins on a big bet. Instead I have seen some of them laugh it off and in fact they come back later and gambles as usual. If someone who lost a lot of coins in gambling and asks for a little help (coins to gamble), I don't think I will give him any. |
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Since you said that it was online, for me gambling using crypto is better than fiat. When you are gambling online using fiat, you need to do many things before you deposit your fiat money to your site and the anonymity of it is very low unlike gambling in crypto where nobody knows who are you (unless you submitted KYC to the site itself). For me, gambling with fiat is for the casinos only and gambling with crypto is for the online gambling websites  . Most of the online crypto gambling sites now ask for ID submission and they will have to go through the KYC process. This is because the casinos have to abide by the anti money laundering laws. There are sites that don't ask for KYC (yet). Crypto-games.net is one of them. You should give it a try. I would still prefer gambling with crypto currencies even on a physical live casino. Every thing is more easier that way. |
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Those predictions were done all based on mathematics. The guy probably got extremely lucky when predicting it. Just remember, those are predictions are never very accurate. The market price does not just depend on the previous values. There are also various unpredictable external factors that causes changes in the price of the crypto currencies and affects that largely. Halving of the reward is just one of them (looks like this factor was included in the prediction). Don't forget about manipulations, hacks and good/bad events that might take place.
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To be honest, I really want to use cryptocurrency in my daily life, but since the country where I live does not allow
cryptocurrency as a means of payment. So from this moment I only use it as a digital asset. If one day I need money,
the cryptocurrency that I have, i will convert to fiat. So even though the cryptocurrency that I have can not used directly
in my daily life, still useful in my opinion. Because it can make money by becoming digital asset.
Your country doesn't allow using crypto currencies as a form of payment inside your own country. This does not mean that you won't be able to use it to buy anything online. You can always make purchases indirect using crypto currencies. Like for example, you can buy gift cards using crypto currencies and then use those gift cards to make your purchases. This way you won't fall into any kind of legal problems. Bitrefill is one of the most trusted site for buying gift cards. Those have a whole lot of collections of different gift cards! |
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There aren't a specific list of concerns I have when it comes to crypto currencies. But right now, when I choose a platform to exchange, I am always concerned about their security, their reputation and their support. All these three have a major impact on a users trading experience. When I choose a platform to gamble, I am concerned if they are legit or not, how long they have been on the market and how easy it is to deposit and withdraw. Different activities related to crypto currencies have different concerns. None of them can be compared with the other.
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I don't understand countries that insist on negative interests. The reasoning could be whatever they want, sure they can give you a solid reason if you push them and it may sound amazing when they say it but the reality is they are basically forcing you to spend your money.
There is no reason for anyone to force you to spend your money so the government could get a bit load off their shoulders by citizens investing their money into everything and building the country instead of keeping it on their books. I believe that high interest equals high inflation and that is not something we could handle right now in the world since high inflation is a problem in many countries. But, you can find a sweet spot of 1-2% interest rates that would not only allow people to save money but also be risk free.
You probably have little knowledge on how the economy of a country works. Always saving money in the bank will help people earn interest but it won't help the overall development of the country. Again, negative interest rate is a monetary policy which affects the commercial banks. The commercial banks stores their reserves in central bank. Once the negative interest rate has been applied, the commercial banks will have to start paying the central bank money in order to hold their reserves. Thus it becomes expensive for them to do that and that is why the commercial banks instead of holding the money starts to give the money to the people as a loan with a very low interest amount. Thus people get more money to spend on their lets say business which will help in overall development of the country. |
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Can you consciously and willingly stop gambling at any time?
If you can do the above, you have great control and discipline, of course you are not an addict and you deserve to gamble as much as you want.
If not, clarify your ways of stopping gambling.
Gambling addiction does not just randomly kick in. If someone who has the will to stop gambling at any time, this does not mean that he won't become addicted in the future. I have seen and heard about people who had control over their drinking but then ended up becoming an alcoholic since "he drank as much as he want because he thought he could control his addiction". The same thing applies here. If a person can control his gambling activities, he still does not deserve to gamble as much as he wants. |
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I’m a little surprised that people seem to be panicking about the recent Bitcoin price drop to $7000. I guess I’ve watched Bitcoin for so long (since 2012) that the volatility doesn’t phase me.
What we need to remember is that just a few months ago the price was a little over $3000 so it’s doing fine. That spike to $14,000 was way overpriced.
It doesn’t really matter to me if people panic because it gives me an opportunity to buy more Bitcoin at a cheap price. And I still am very confident that the price will hit $20,000 sometime mid next year and probably quite a bit higher by the end of the year.
So someone newly invested on crypto currency when the price was around 9,000 USD and all of a sudden the price drops without any reasons and you want them not to panic? Lol, obviously they are going to panic. You probably don't have much invested on bitcoin for which you don't care much if the price goes down. Anyone who have high investment, no matter for how long they have been in the market, when they see the price dropping, they will start to panic at least a bit. If they exit at the right time, they will also have some good chance of saving some loss and make more profit once the price has hit the bottom range. |
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Hi everyone,
I am new to this forum and in a situation where I need some advice.
A person I know, who I have been in contact with for months now (through social media), has been trading bitcoin for me and some friends. Everything seems to be fine and seems to be really trustworthy.
However.., now he is asking me to deposit 2 bitcoin on my Blockchain(.com) account, where he previously has had access to for the following reason;
He tells me he added me to bitcoin mining but there was a `server error' which he tracked down to my account and somehow all bitcoin is `encrypted in 1 block'. The result is a large amount of bitcoin in a `non-spendable/watch only' wallet that is sitting on my account.
He says he needs a minimum of 2 bitcoin to be added to my account to remotely start `decryption of the encrypted block', which he cannot deposit, since he is region locked. (We are from different regions)
So, to me this sounds like a scam.
1: I have done my research and found similar constructions related to non-spendable wallet scams.
2: Yes, he had access to the account, so could simply have added the watch only wallet..
3: I can not find anything about large amounts of bitcoin being encrypted in one block, and decryption being possible only after a deposit of x amount of bitcoin.
So the question is; what is your opinion on this topic?
I also noticed that the value (in dollars) of the non-spendable bitcoin is affected by market fluctuations. So the value shifts depending on what the coins are worth. Is this normal for a non-spendable wallet?
thx!
Umm.. you really asking if this is a scam or not? Wake up man. This is a simple scam which only "stupid" people will fall for. The classic build trust and then scam game. He traded with you to build his trust. He got access to your account (I don't know why in the world would you give some random people to access your account? Probably gained your trust already and he noticed it!) and once you send those 2 btc *poof* he is no where to be found! |
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I think the IEO and ICO system still feels complicated, for me it's complicated, I don't know about you, this is just my statement,
if the IEO or ICO system is simplified and only good projects can implement IEO and ICO it will help reduce scammers, licenses there must be for all new projects, this is a regulation, I hope !, if a project passes the license I think investors will not worry about losing money
What complications are you talking about? Like what things do you really think are complicated in ICO or IEO? If you are talking about the investor point of view, then I don't see anything that is hard to understand over here. You just invest and as an early investor you will receive some bonus tokens or other benefits. You then hold on to the tokens and wait for it to be listed in an exchange. Thats it. License? Lol, no. That is not going to happen at all. |
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Never believe a government, they are control freaks and often lie. Whatever China said in the past about Blockchain was to create a platform for its own stable coin. That being said supporting Blockchain does not mean favouring Bitcoin.
Supporting bitcoin and supporting blockchain are two different things. Let me rephrase it "Supporting crypto currencies is not the same as supporting blockchain". Blockchain. Both are totally different but are related. I mean, blockchain is a technology (concept) and crypto currencies work depending on blockchain technology. Now, a country can support blockchain but may be against using blockchain to create crypto currencies for their own reasons. Eventually they might end up changing the current monetary system to crypto currencies. |
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Based on what did you make the list of "top" crypto gambling casino? Really disappointed not to see crypto-games.net on that list you have made. How come it isn't there? Crypto-games.net is now one of the most well known and legit casino out there with a really house edge. Do give this casino a try and I am pretty much sure you will love the casino and add it to your list  . |
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We want to introduce our brand new Crypto Gambling Forum at Blockz.Network. 💸 Earn cryptos for every post you createHow to start earning: 1. Sign up at Forum.blockz.network2. Start earning "Bitz" by posting, daily visitng, getting replies on your topics and much more! 3. Buy Cryptos with "Bitz" at the Member ShopPlease tell us how we could improve, wich boards are missing or if you have a idea, we're open to anything The name of the forum "Blockz.Network" doesn't even sound like a crypto gambling forum. You could have got a better name for your forum. Name matters and actually helps a lot in promoting your site. No one will understand or know what kind of forum is this by just reading the domain name. If your forum is all about "get paid for posting", then good luck dealing with those spams. |
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I guess the exchanges and projects that recently hosted the ICO have saved a lot of KYC information. They may not have secured the information or sold them to make money. That is the worst thing we can imagine.
If the above assumptions did not occur, then how could they expose so much personal information to users.
Oh yes, they have saved your KYC information and kept it for themselves. As soon as they are done scamming their investors or have failed the project, they make some extra money by selling those information to different people. Those people then use those information to commit their crimes using your identity (go look at the digital goods section. People over there are selling photo ID along with documents needed for verification purpose. Where do you think those come from?). |
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I think everyone has different choices. we cannot force others to like what we like. mining and investing both have advantages and disadvantages. all depends on ourselves more comfortable doing which. I prefer investing ICO / IEO rather than mining. because I don't have enough money to buy a mining tool and also I think the operational costs to be incurred are quite large.
If you don't have enough money to buy mining rigs/tools, then how are you able to invest on ICO or IEO? Probably small investment, but those won't bring you any real good profit. Again, mining can sometimes be profitable and the operational costs can be countered (though depends on the coin you are mining and the value of those coins). On other hand, there are very high chances you are investing on a shit coin and will lose everything. |
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A wise man says: "Newbs should not trust random dude from Youtube and Twitter." These people are paid shill and have little or no real trading knowledge.
It is clear enough that no one can predict the future. Just unfollow/unsubscribe their accounts, and you will become a happier person. Buy some (if you have idle money), then forget it for a while until you hear good news from mainstream media.
True, your "newbs" shouldn't randomly trust a dude from youtube or twitter, but this does not mean that you will end up unsubscribing from him or anything like that. They do give suggestions, but it is your responsibility to find out and analyse what he or she is saying. All I am trying to say is, instead of blindly trusting and following someone, do your part of work which is learning more about that thing through different sources. |
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You are looking for financial suggestion from random people on the internet? Lol, please don't! Most of them over here will act like they are "professional" investors but trust me, the just spit out random suggestion or will be biased towards a coin they have already invested even if its a shit coin.
Take suggestion, but don't just blindly invest on it.
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I heard China was planning to ban the usage of bitcoin itself. Did they change their stance or something? Or is it just that they will ban the usage of bitcoin but will allow mining bitcoin which makes no sense at all. Weren't they suppose to make their own centralized crypto currency where they will have full control of the network?
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