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Pump and dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading or greatly exaggerated statements. The perpetrators of this scheme, who already have an established position in the company's stock, sell their positions after the hype has led to a higher share price. This practice is illegal based on securities law and can lead to heavy fines.
Who is pumping and dumping bitcoin? There is no central authority for Bitcoin. It was created by Satoshi and work carried on by other developers. And when will the dump happen?
In normal pump and dump schemes the product has no utility and the investors dump it after they have found a few fools to buy their stock. this is not the case with bitcoin.
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Use Monero! Bitcoin is psuedo-anonymous not anonymous. All the transactions are available publically and anyone can access and verify them. So if your real id is linked to some wallet then it can be traced easily. That is why if you are really looking for privacy then you need to use Monero. Users must be able to trust Monero with their transactions, without risk of error or attack. Monero gives the full block reward to the miners, who are the most critical members of the network who provide this security. Transactions are cryptographically secure using the latest and most resilient encryption tools available.
Monero takes privacy seriously. Monero needs to be able to protect users in a court of law and, in extreme cases, from the death penalty. This level of privacy must be completely accessible to all users, whether they are technologically competent or have no idea how Monero works. A user needs to confidently trust Monero in a way that this person does not feel pressured into changing their spending habits for risk of others finding out.
Monero is committed to providing the maximum amount of decentralization. With Monero, you do not have to trust anyone else on the network, and it is not run by any large group. An accessible “Proof of Work” algorithm makes it easy to mine Monero on normal computers, which makes it more difficult for someone to purchase a large amount of mining power. Nodes connect to each other with I2P to lower the risks of revealing sensitive transaction information and censorship (tba). Development decisions are extremely clear and open to public discussion. Developer meeting logs are published online in their entirety and visible by all. |
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You can say that you bought it using cash but you need another person to prove that you bought it using cash. Just make a reciept of the transaction or something. If the coins can't be traced then try to make up a reasonable transaction reciept and point to that as the origin. Now it also depends on it you want to evade taxes. If you don't then create that transaction equal to the one you purchased it at. Then you will pay the right taxes. Other wise you can do say you bought it at a higher price and evade taxes but if found out that can be difficult for you.
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I've never heard of this, but now that you mention it it makes sense. I always see them playing dice in the casino whenever I go there. It's really strange actually. Although if something is embedded into your culture it might be normal to you and very different for others (obviously). They probably don't even think about it, whereas it isn't normal to you.  |
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Neither is more risky, because in the end all the odds playout how they're supposed to. However, sport betting can bring a bigger return on your investment, or can even be profitable for one who is very experienced with it. Casino bets are always outright losses because the odds are stacked against you 100% of the time, whereas sports bets are dependant on many different factors. Not to mention it's a lot easier to cheat at sports betting than casino betting.
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i do believe that one of the very reason why bitcoin become popular during its early stages was due to the support or usage obtained from criminal activitues.
We cant deny the fact that bitcoin has been by criminal since they have also seen the advantage of using it to conceal their transactions.
It would be naive to think criminal activity wasn't a major factor back in the day, but now most of the users of bitcoin are traders and users which want to earn money in a legal way, this is nothing new, a significant number of new technologies are adopted first by the military or by criminals so I don't think bitcoin is unique in that aspect but thank god we've left those years behind us. Everything starts at the bottom I guess since there where less people using bitcoin back then they saw it as an opportunity to use it as a medium on making their illegal transactions but still there are people using it for themselves. Especially now a days that earning bitcoin is a great source of income a lot of people are engaging to use this and they cannot really identify who is using it for illegal transactions because you reamain anonymous through out the process. As most things that end up being accepted by society, they often end up being first used for illegal purposes. Bitcoin is not exception. It is used by crimnals to this day, although they have more recently switched over to Monero because it offers truly anonymous transactions whereas BTC is obviously only pseudo-anonymous in that if your identity is discovered your transaction history can all be traced. |
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Hey, what action would you take if a large percentage drop occurs on btc. Would you ride it out with faith it would come back, or cut your loses at a certain point. In the past I've made the mistake of riding stocks down. I'm not comparing btc to stocks just using that as an example of past mistakes. At this point I might be tempted to ride it seeing how Bitcoin bounces back and has proven to be resilient. I don't want to be negative but it's good to look at different sides of investments
In most cases, experienced traders and investors out there are hoping for Bitcoin to drop in value. This is for a short while. The reason is that they want Bitcoin to be cheaper at the moment so that they could purchase more Bitcoin at a lower price. So when Bitcoin crashed or drop tremendously in value, buy. Do not hesitate because Bitcoin will recover quickly. But when the big cash happens investors will wait to buy at an even lower price because let's face it, after the big crash we are going to go into a period of maybe 1 or 2 years of decline in which time BTC will decline back to under $10,000. This is almost guaranteed because this amount of gains cannot be sustained for such long periods of time. |
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People usually are afraid of the unknown and bitcoin is still very shady to lots of people's knowledge if not unknown at all since there's roughly 10% of the world population that has acknowledged the existence of the blockchain technology and it's issued cryptos , and that's not really a high figure if compared to the world population internet access rates . People need to gather knowledge about cryptocurrencies and know what advantages and drawbacks this new ideology provides in order to make their minds about either investing themselves in it or not .
Most people who are ignorant of Blockchain technology think that it is mostly used for drugs and illegal activity since that is what they first heard about it years ago and haven't kept up to date. Of course these days BTC is accepted by lots of companies and crypto is being used on a global scale... not like back in 2009-2010 when it was just used for bad stuff. |
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The biggest disadvantages of Bitcoin are how long it takes to confirm transactions. It takes a really, really long time and costs a small fortune. Most other coins these days have near instant transaction speeds which is something BTC definitely needs as soon as possible unless it will become like the Myspace of crypto... and we might get this with Lightning Network coming up although it could takes a few years to implement still.
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Most banks don't accept Bitcoin. Even in developed countries, the chances of banks accepting Bitcoin transactions are slim to none. None of the banks here do at all. Most of them will close your account instantly if/when they discover BTC transactions are taking place. I had the unfortunate experience of this happening last year and definitely don't want it to happen again... it was really annoying and a big hassle to say the least.
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There is no such thing as greed in gambling. Being greedy is when you have the option to give something or share your possessions and instead you keep them to yourself. This isn't good, but in gambling you don't have an option like this it's just bet and either you get lucky or not. If/when you go on a winning streak, it only means that you are getting lucky, and so you aren't being greedy actually it's called "pushing your luck".
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BitcoinRush.io will be accepting LTC in roughly a week.
Hope to see you there!
Question here if I might ask. Why does it take so long to get an alt coin such as litecoin being so ppopular and highly in use on their blockchain takes so long to get implemented into their site? We originally never supported any other coin by BTC; and when we originally built the back-end (engine, etc), we always were single-coin focused; so all of that had to be re-written. That's changed most recently with the addition of ADK coin. Adding new coins will be very easy moving forward. Thanks for the question! Good. It really is a shame that developers such as yourself need to do all of this ridiculous extra work for no reason just because Bitcoin sucks now. I mean, what is so hard about improving the transaction speed and loweiring fees just temporarily until Lightning Network gets launched? Like do they think all of these gambling platforms are going to undo the new code they were forced to write and go back to just BTC?!  |
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yes,for me experiences does matter when it comes to gambling because you do not know what is the best strategy to gamble when you know nothing
In an skill based gambling yes we can say that experience can lead us to have some edge while we are playing, but with luck based games we don't need such things as the result will just be the same no matter how hard we tried to use each experience that we have, its still depend on how lucky you are to win some against the house. Exactly, experience can be used on skilled based gambling games like sports betting and even poker and not the luck based ones which are just based on chance and pure luck like slots and dice which you have no direct input into determining the outcome of the game. Yeaaa i just cannot imagine how a game such as dice or slot could really affected by your own experience to win. All i know that any kind games is required luck , experience just an excuse actually. An excuse for anyone to think that you have won it because your experience , but you cannot prove it. Of course experience matters. It makes all of the difference between losing a little, and losing a lot. lol For example in craps there are like a hundred different bets and some of them are just terrible. Like you barely win if you win and the chances to win are very low. The highest paying bet (fire bet) in craps is actually the lowest winning percentage and the worst bet. |
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They paid me ! Cloudbet dont scam.
Good to hear that, and now please lock this thread as your issue is resolved already. Edit the title of the thread before locking, at least give a "SOLVED" or something similar to inform the readers that there is no more pending withdrawal on your account. Enjoy your big win buddy! Yes, the title of this thread should be edited with [RESOLVED] because otherwise people might think CLOUDBET is a scam or something and obviously it isn't since you got your Bitcoin. Also, in the future don't forget fees are insane right now. Bitcoin isn't working as fast as it was before. You might need to wait a few days to get your BTC as opposed to last year when confirmation only took a few minutes. |
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Bitcoin transaction fees is starting to get more and more expensive for gamblers to deposit into their account on gambling sites, so I believe the market for altcoins will grow bigger in future on the gambling community, and we can surely expect to see more players wagering with altcoins.
In altcoins market we have a lot of choices and I hope more casinos will accept altcoins so it will give us a chance to gamble all the time. Bitcoin is good but not this days due to the transaction fee and you cannot just bet small amount as the fee alone will already kill your bankroll, still majority are accepting only bitcoin but sooner they will realize that it will attract more customers when they start accepting altcoins. I personally don't understand why all Bitcoin / cryptocurrency casinos don't accept the top 10 cryptos and just convert them into their own crypto and then you could exchange or use the equivalent value of the one you deposited (such as BTC, LTC, Monero, etc.) and cash out in one of those. The days are over where BTC is the only player in the game. Now there are cryptos coming out left and right and nothing is going to stop that. BTC just needs to improve and hopefully soon because fees are through the roof (obviously). |
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I personally used to have the problem where I would come back over and over to gambling. However, once I realized more about how gambling works this feeling sort of left me because it just doesn't make any sense.
See, when you gamble there is a mathematical outcome for everything. There is no such thing as actual luck in gambling. Once you realize that, truly, any gambling addiction you once had goes out the window.
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You need to realize first and foremost that every single bet you make in gambling comes down purely to mathematics.
There is no such thing as "blind luck" or whatever you want to call it. Every bet, no matter what comes down to math.
Now, when you lose many bets ina row all that it means is your luck is either evening out because you wona lot before, or your luck is going to get better because you were on a bad streak.
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Maybe this is not 100% related to this thread, but are you aware of the shitty returns that Free Bitco.in is giving at the moment?
A friend of mine told me that he deposited $2000 in there for a year, and it is giving him around 2,5% a month, and he is telling it to me like if it was profitable, haha.
There are some bankrolls who are giving a nice profit, i dont know why there is a lot of people investing in freebitco.in
\ 2.5% a month return is in no way, shape or form "shitty". Normal ROI for investments outside crypto is 10% per year, and that's on the higher end. (average 8%). With that said, if free bitcoin truly is offering 30% annual ROI, that is nothing to complain about whatsoever. |
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I don't know if the franchise meaning the team would be utilizing Bitcoin as the currency that they are going to pay for players, especially the sports people. I think it is more ideal for the E-Sports gaming atmosphere that would utilize Bitcoin as a mode of payment for them or a salary of some sorts.
The problem either way is that right now Bitcoin fees are through the roof. A player would need to wait weeks for their money to come through unless they want to lose 10% of their salary which I don't believe anyone wants. With that said, I don't think BTC players transfers will be made anytime soon (unless it's done by LN). |
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If Facebook accepts Bitcoin (which I don't think it will for the time being due to the current fee situation), it will be the thing that propels it onto the world stage. I mean at this moment BTC still isn't main-main stream.
People are learning about it, but there is still tons of growth to be done.
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