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4041  Bitcoin / Bitcoin Discussion / Re: What is Bitcoin? Will Bitcoin be traded in all countries in 2025? on: June 09, 2021, 02:57:26 PM
What is Bitcoin? Will Bitcoin be traded in all countries in 2025?
Bitcoin is the most advanced virtual reality that has become the most popular around the world.
Although this bitcoin is banned in some countries, most countries in the world have licenses to buy and sell bitcoin.
Countries where bitcoin transactions take place are being recognized as superior countries.
So I think all the countries that have been banned, those countries, if the ban on bitcoin or virtual coins is lifted, then those countries will move forward.
That is why the value of Bitcoin will go out even more.
The advantage of Bitcoin is -
Big companies can transact with Bitcoin very easily and securely. It will also increase their time and will be safe.
For this reason, the transactions of Bitcoin will increase a lot by 2025.
Bitcoin isn't technically virtual reality because it's not like you can wear a headset and see it. But it is a virtual currency that can be used in reality. Answering your question, I agree with those assuming that Bitcoin is already traded in most if not all countries if what counts is any amount of trading. However, it's traded more in some countries than others. I also think that the number of transactions doesn't increase significantly through trading because trading is done instantly on an exchange without on-chain transactions (otherwise every buy/sell order would take at least minutes and some substantial transaction fees). At the same time, as more people start using Bitcoin or start using it more actively, the number of transactions rises, and the fees become problematic.
4042  Alternate cryptocurrencies / Altcoin Discussion / Re: Show me your biggest gains! on: June 06, 2021, 11:01:23 AM
I think we should focus not on the sum of money that was made (because it depends on the initial investment which, in turn, depends on how much one could afford to invest based on the financial situation), but on the stakes (I mean 2x, 10x profit etc.). My biggest was 15x with Litecoin (from $15 per coin to $300 per coin), and there was about 8x with Ethereum as well. But the sums were very small, so the winnings weren't a huge deal to me. I've also had about 5x with Bitcoin, come to think of it, but I keep disregarding it when thinking about gains somehow.
One of my big fails was with Doge as I've planned investing in it about 4 years ago and organized a separate Dogecoin wallet for it. But somehow I just forgot to buy the coins and transfer them to this wallet, so that's a missed opportunity.
4043  Alternate cryptocurrencies / Altcoin Discussion / Re: How Many Different Coins Do You Own? Me = 11 on: June 06, 2021, 10:42:47 AM
I'm not a fan of altcoins, so my list is very small. Most of my crypto hodlings are in BTC because it's the safest way to get profits from the crypto market and because I happen to use it more often than any other cryptos. I also have some Litecoin I bought many years ago, just in case it skyrockets one day. I used to own Ethereum but sold it because it's a little more risky and less profitable than Bitcoin. My newest purchase for 1 Polkadot because it's currently down and I think that it can easily become #5 if not #3 by market capitalization, being a popular project with a strong team behind it.
4044  Alternate cryptocurrencies / Altcoin Discussion / Re: Not everyone can be lucky when it comes to shitcoins on: June 06, 2021, 10:37:17 AM
Op is right that people tend to share their positive experiences, and others pay more attention to these stories as well than to those where people bought some coins and lost tons of money. That's why it's important to analyze the market on one's own and only invest what one can afford to lose. I've made some unfortunate investments in 2017, like buying Ripple at $3 per coin. Fortunately, I didn't buy much, so it wasn't a big deal for me when the prices went down. But I've also bought some Litecoin at $20 and sold at $300 which was a great deal. Investing in coins with high market capitalization means risking less than investing in total shitcoins, but there's always a chance of losing 50-70% of the investment. So now I try to only hodl the coins in which I truly see some potential.
4045  Economy / Gambling / Re: Dice statisctics & launching new casino on: June 06, 2021, 10:21:39 AM
If you're not fully invested into the idea of launching a casino, you probably should rethink doing it. Just look at the gambling section on this forum to see how many projects are stillborn these days. They appear here, some people try them out, and then everyone forgets about them. This happens even if the games are provably fair, the design is nice and the owners are responding actively to requests. It's  very hard to stand out unless you already have a project with positive reputation or can involve people with good reputation to manage your project. You'll also need lots of money for promos, a signature campaign and other things like that if you don't want people to forget that your casino even exists. It's a tough and highly competitive market, even without taking into account what you've mentioned about the dice statistics.
4046  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: June 06, 2021, 10:01:47 AM
I've just read about it in the news, and it's a big step forward. I don't know how this will function in reality in El Salvador, but the sentiment is nice. However, it seems that this country has a lot of big problems like high levels of violent crimes, extremely unfair distribution of wealth with 30% being in poverty, and only about the third of population even having Internet access. These problems cannot be fixed by making Bitcoin legal tender, and I hope Bitcoin won't exacerbate them by becoming the money for the elites.
4047  Bitcoin / Bitcoin Discussion / Re: Satoshi Statue in Hungary on: June 06, 2021, 09:46:05 AM
I like the idea of a reflective face and the message that we're all Satoshi (even though we aren't) because the community truly matters. I've been to Graphisoft Park in Budapest, and it's a nice place for this sculpture because it'll be surrounded by the tech industry. That being said, I hope they'll make the sculpture as neutral as possible, so that it doesn't suggest who Satoshi truly is. The sketches look like those of a white male in his mid-30s, not exactly sending the vibe that we have no idea about Satoshi's race, gender or age.
4048  Economy / Games and rounds / Re: Sportsbet.io (Round #4) French Open Prediction Contest {Free Bets + Jerseys} on: June 06, 2021, 09:35:10 AM
a)  9     b)  1:48
a)  11   b)  1:55
4049  Economy / Gambling discussion / Re: Placing bets under Superbru-like conditions on: June 06, 2021, 09:25:27 AM
I think this won't be really beneficial for the sportsbooks. It's really hard to get the exact score, which is why the bookies and gambling websites can afford to give high payouts in case of the right guess. With the system, you propose they'd have to increase the number of payouts to a large extent, as there will be a lot more people, whose bets were close.
The major question here is: why would anyone want to do that? Except for the new websites that would want to attract the customers in such a fashion. But then again, that would cost a lot, so, IMO, not a good decision for the owners.
You might be right about this, but I'm not so sure. For one, people would still lose a lot of money because even guessing the correct outcome is not a simple thing to do. Secondly, this might attract many gamblers because the conditions are truly special, so overall it might even make a sportsbook more profitable than before. And since the odds for various types of bets are available anyway, it's probably not difficult to arrange it. And if it's risky, it could be something arranged temporarily as a promo. I see it approximately in the following way:
  • a gambler chooses a football match and makes three separate bets with the same bet amount on the score, the outcome, and chooses the third bet freely (it can be one of Asian handicap options, both teams scoring, double chance etc.)
  • if a gambler loses all of them, the money is lost
  • if a gambler wins one of them, the other two bets become void (the money is returned), and the person gets the winnings for the won bet
  • if a gambler wins two bets, this person gets the winnings for the bet with the highest odds among these two, and the other two bets become void
  • if a gambler wins three bets, this person received the winnings for all of them
4050  Economy / Service Announcements / Re: Convenient way to monitor BTC? on: June 05, 2021, 10:05:56 AM
It looks very nice, and it's simple to use, so good job! However, I'm not sure how monitoring this info can be useful, to be honest. Exchanges take time to process withdrawals and deposits, and the fees at some times can totally undermine the whole point of moving to a different exchange. The differences are usually minor, and if some spikes happen on some exchanges, they're out very fast, right? So not only there's no time to move BTC from one exchange to another during this time, but it would be barely possible to even profit when you're already on the exchange and are paying attention. That being said, I'm sure those who like technical analysis and do trading regularly will find this website handy.
4051  Bitcoin / Bitcoin Discussion / Re: Global adoption — A ridiculous term on: June 05, 2021, 09:40:25 AM
I agree that there are big problems with defining global adoption, so we should always try to specify what we mean before providing opinions. If global adoption is about Bitcoin being available and having users around the world, then we already reached global adoption. If we mean that global adoption is when you have options to spend your Bitcoin on various goods and services, we're also already there. If, however, we're talking about a significant amount of people (out of the world population) using Bitcoin, we're nowhere near global adoption as it's used by 2% of the population at best.
Meanwhile, I disagree that Bitcoin cannot be adopted as much as computers or the Internet because not enough time has passed to make such statements. Speculation doesn't mean impossibility of adoption. Your example with the mushrooms shows that it's possible to divide Bitcoins over more people, IMO, so adoption can happen. Some will easily sell their holdings when the price feels right for them.
4052  Bitcoin / Bitcoin Discussion / Re: Will Satoshi ever come forward? on: June 05, 2021, 09:08:55 AM
Whoever this person is, I don't think they will come forward. One possible reason is being dead, but I hope that's not true. If Satoshi is alive and hasn't come to the public yet, I don't see why anything in the future might motivate any different action. Satoshi deserves privacy and probably won't give it up. Moreover, I think it's actually better for the community this way because an abstract Bitcoin creator is more appealing than any real one. The real person has some political views and did some things in life, and this could divide the community. Plus in times of difficult decisions (like SegWit) people would ask for advice and one person would become very influential.
4053  Other / Off-topic / Re: Elon MusK Bullish again for bitcoin ? on: June 05, 2021, 08:50:15 AM
His opinions are unstable, which is why I call him a trickster. In mythology, a trickster isn't a villain per se, but it's someone who's fooling around, occasionally helping or hindering various other characters (Loki is a good example). Similarly, Musk keeps saying various things that often contradict each other or are at least difficult to grasp as parts of a unified system of beliefs. So while he's not pure evil for the crypto community and for Bitcoin, he's not an ally either. He grabs attention and probably enjoys feeling important and confusing people with his tweets. We should pay less attention to him.
4054  Economy / Gambling discussion / Placing bets under Superbru-like conditions on: June 04, 2021, 04:08:28 PM
I've recently taken part in the EPL prediction contest, and did pretty well there.

While Superbru says I'm in top-3% in the world among those who were predicting the outcomes of these matches, my success rate at predicting the winner of the match is actually only around 50%. So I'm pretty bad at predicting who wins the games. However, I'm okay if the stakes are differentiated, and you get 1 point for result, 1.5 for a close score and 3 for an exact score.
It would be nice to try betting with money under similar conditions, but to be honest, I've never seen it as an option: you usually choose whether you're betting on the winner of the game, on the score or something else, and if you were betting on the score and didn't guess it, you're losing your bet. So conditional betting could be an interesting thing: you bet on the score at certain odds, but if you, say, don't get the score right but guess the outcome correctly, you still win some money, just not as much. Have you seen this being implemented? Would that be hypothetically interesting to you? Do you think sportsbooks could go for it or is it a bad business model for them, putting them at a disadvantage?
4055  Bitcoin / Bitcoin Discussion / Re: 12 Years of Bitcoin Development in 1 Minute on: June 04, 2021, 03:27:05 PM
I liked the overall design of the animation (although it does remind of the coronavirus visually  Cheesy), but I couldn't understand what's shown there without going to the comment section and reading this thread. In any case, it's a little too abstract to rely on GitHub activity IMO, so the informative part seems pretty weak, but it looks nice. An intro explaining the stuff that franky1 and amishmanish wrote would be good as a part of the video on the original post to help people prepare for what they'll see.
4056  Other / Off-topic / Re: Are you done listening to Elon ? on: June 04, 2021, 02:59:39 PM
I opted for the third option as well because it's not right to rely on anyone's opinion while you're the one risking with your own money. I think that it's no surprise that so many people voted for DYOR since those who listen to Elon and buy coins are probably newbies and aren't a big part of the Bitcointalk crypto community.
I don't think that Bitcoin's recovering yet and that another bull run will happen soon, though. That would be unprecedented. Why do you think it's currently recovering if the price is still below $40k?
4057  Bitcoin / Bitcoin Discussion / Re: Does the epidemic have a big impact on Bitcoin? on: June 04, 2021, 02:40:56 PM
The pandemic, as any major event, affects Bitcoin indirectly: media write about it, people feel anxious and act on emotions fast. That's how the price dropped hard in the middle of March 2020. But unlike the rest of the economy which objectively suffered and lost tons of money due to lockdowns, Bitcoin didn't get hurt by these events. So the price recovered, and now I'd say the pandemic isn't affecting Bitcoin. If something serious happens with the traditional market, people might start buying Bitcoin or selling it more actively than usual, though.
4058  Bitcoin / Bitcoin Discussion / Re: The fall from 65k to $30k was the best thing to ever happen to Bitcoin on: June 04, 2021, 02:25:12 PM
It's a useful experience for new investors, of course. Bitcoin as an investment is risky, and people have to be aware how much the price can drop. Moreover, some believed that Bitcoin would be okay this time because institutional investors are more reliable than individual newbies, but evidently, this isn't the case. Regarding the network, I think it's actually good that the price is down because the fees are finally okay.
Eventually, Bitcoin recovers, and it does seem to become more popular and gain more attention over time. But the rates of adoption are very low.
4059  Economy / Games and rounds / Re: Sportsbet.io (Ongoing) French Open Prediction Contest {Free Bets + Jerseys} on: June 04, 2021, 02:09:30 PM
a)  13   b)  1:38
a)  15   b)  1:45
4060  Alternate cryptocurrencies / Altcoin Discussion / Re: Does anyone know any good volatile coins that I can make a some money with? on: June 03, 2021, 04:24:09 PM
Hey BTCTalk, I have recently branched out from ETH and BTC to other altcoins alongside those coins, I have seen that Cardano, Nano, and other coins are Volatile enough to make good profits, do you guys have any other suggestions?
The more volatile the price is, the more money you can hypothetically make via trading. However, it also means that the higher the risks are for you as an investor if you miss a change of dynamics. To look at volatility, you can just spend a few days watching the market on Coingecko or a similar website, sorting the list by the price change in 1 hour, 24 hours and 7 days. To minimize the risks or losing lots of money, you can also look at the number next to the name of the coin which signifies its position by market capitalization: the higher the capitalization, the lower the risk of the price dropping hard and never going back up. Good luck!
Edit: I've noticed you're saying you're a minor. In that case, I'm really not sure if risking money by investing is appropriate... Just remember to ONLY invest what you can afford to lose.
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