619,673,856

buzz08

The rise in price of bitcoin does not affect the gameplay since that remains the same but it does affect the other things.
The withdrawal fees get increases since bitcoin's price increases the network congestion. The high withdrawal fees takes up a portion of our profits.
Another thing that bothers me is the amount is deposited in  dollars in the gambling site I play in.
So now even if the amount of profits are good, the amount of satoshis I would receive is less.

Yes indeed. The withdrawal fee has increased because the network is congested as of now and people are paying more than the standard transaction fees to get their transactions confirmed.
Even I went for a withdrawal today and noticed that the withdrawal fees is $7. I just closed the tab on my PC seeing the withdrawal fees 
It's obvious, I can't pay a fee of $7 to withdraw $57 right. We will just have to wait until the network is less congested and the fees comes back to normal.

Regulation in gambling can turn out to give positive results in three ways.

1. It can reduce the amount of black money being used for gambling.

If gambling is regulated people won't be able to use their black money for gambling since the government will keep track of income source of the money being gambled.
Hence this will reduce the black money usage for gambling. This also has a negative impact that there are many people who use black money for gambling.
So if gambling is regulated then there will be less number of people gambling and this will reduce the profits for gambling site owners.

2. It will yield more tax returns for the government.

I consider this as a good thing because gambling site owners would definitely get good profits from their site.
They shouldn't mind paying some of their profits as tax to the government. Paying taxes help to make our country's economic growth more stronger.

3. It will reduce the amount of scams in the name of gambling.

Regulation in gambling means that the government will be involved in it and the amount of scams in the name of gambling will reduce drastically since the regulatory bodies will be able to keep a track of gambling sites and may be ban those which are unauthorized. This will make the scam sites tough to survive and then they will have to wind up their business.

Completely agree with you on this. I just made an online purchase through bitcoin a few days before for price of $21 and the optimum fees displayed was about $4.
I just adjusted the fees to $0.57 and broadcasted it and since then my transaction is unconfirmed till date.
Now I am worried that my order doesn't get cancelled. 
The higher transaction fees has really become an issue and we must soon try to find a solution for the scalability issue.

Lets assume bitcoin has reached $20k. Since bitcoin showed a good bull run many people started buying it more.
This means more number of transactions are being broadcasted in the bitcoin blockchain. Hence the mempool size gets increased the network becomes congested.
Since people want their transactions to be confirmed soon they start paying higher transaction fees and this leads to increase in the price of transaction fees.
The transaction fees will only decrease when the mempool size decreases and the network is not congested.
So eventually yes the transaction fees will increase but as time goes it will come back to the normal price as the sudden surge decreases.

I didn't mean to offend you in any way bud but you had clearly said in your post that "We do not need more devs, we need more nodes."
This is what I wanted to point out that we need both of them to make the network stronger.
Everyone have their own perspective and I just gave my opinion on making the bitcoin network stronger.

Many of the telegram channels related to crypto are full of scammers and genuine gambling sites won't want their customers to be scammed in the name of gambling.
May be that's why they prefer discord and other platforms which provide a better user experience.
Besides that I have seen many gamers actually using discord rather than any other chatting platforms.
So discord is like a gamer's hub for chatting 

Yes this is true. @Danslip and @Harkorede have indeed won such high multipliers and besides that they are regular players for the crash game on Roobet.
Even I play this game regularly and have been in the bets where the multiplier crosses 1k but I don't hold it up that long and cash out quickly 
Roobet does pay out these multipliers without any doubt and you guys should see the crash competition organized by Hhampuz through roobet.
Danslip and Harkorede had the highest multipliers in that.

611,611,611

buzz08

Yes it did broke $13k already but it was unable to hold it previously and kept falling below $13k.
Things have changed now as bitcoin is above $13k for so many days already. The new support has been created and the resistance at $14k is now being tested by bitcoin.
True that the accumulation levels are high as there is so much of positive news regarding bitcoin in the market.
Chances are there that bitcoin is heading for $20k and might create a new ATH in a few months.
But I think that it would be very tough for bitcoin to break the $20k resistance level as there are many people waiting for bitcoin to reach that price so that they can dump their holdings from the 2017 crash. Anyway, it will be interesting to see how bitcoin performs over the next few months.

You don't need developers ?

If it weren't for the developers then bitcoin would not have been where it is today.
Even today the source code for bitcoin core has so many things to be improvised that the developers themselves want more developers to start contributing towards the bitcoin core source code.
Not every developer thinks in the same way and that's why many developers are needed so that together with their creative minds they can improvise the source code so much that bitcoin can be scalable in future.

I agree that many nodes are also needed as it will make the network stronger but that doesn't mean we don't need the developers anymore bud.
Both are needed as they both are important for the bitcoin network.

That's a good idea. I will soon start writing blogs on medium and share my progress towards bitcoin development.
This won't be a good time to add myself for a donation since I believe I haven't done much yet for the community.
I will let people recognize myself a bit and then in future I might add myself up on the list.
Till then let the other developers get paid for their efforts 

Hello @ pakhitheboss
@reliable is pretty much right. Since this is happening in your locality, you should definitely go to that shop and try to enquire about what they are acutally doing.
If the process looks fishy then they are probably trying to scam people and we should make people aware by social media and other platforms.

Just go to that shop and ask what the whole process is. If it is an MLM scheme then what is their source of income if they are getting returns to their users, what's the guarantee of the returns.
Check if they are a registered company. Ask them since when they are doing this and the proof of their customers getting good returns and what/why does it have to do with Ethereum.

I would have done the same if it were happening at my place 

Technically speaking bitcoin is just trying to break the resistance at $13000 which is why the orders are getting executed so fast.
Bitcoin did go to $13300 but couldn't hold it further. If bitcoin stays at $13000 then chances are either it will drop down to $12500 - $12000 and stay there for a while or bitcoin will create a new support at $13000. The experts said that the probability for bitcoin to go in a cooling period and  shake off the weak hands is high.

How come you are losing money because of the bots ?
If you had prepared your strategy well then you should know what you should be doing. Bots are just small programs that are controlled by other traders.
You can't blame an exchange for it unless the exchange itself is running away with your money.
If that's the case then you just deposited your money in a wrong exchange.
Not every exchange scams their users. Some care for their users and are well reputed in the community.

I totally understand what you must be feeling right now but you have done what you wanted to do at that time and there's nothing you can do about it now.
Whatever we do should be taken as an experience and we must learn from it and improvise.
At least now you know that you could have got a better result if you would have invested a little amount in both the projects.
Sometimes it's not about choosing the right project but choosing the right strategy.

If you are unable to withdraw your coins from that site that means your coins are pretty much gone.
You can still try to contact their support team but if the site is trying to scam it's users then you won't find any help from their support team either.
You can try raising scam accusation against them for your sake but the thing about cryptocurrencies is that once they are gone from your wallet then you should consider them as gone.
The probability of recovering them is damn low.

Wow this sounds amazing. Contributing to bitcoin core itself is like a privilege and getting funded for it is like a bonus.
I feel happy for those developers as they are getting what they deserve for their efforts and time contributing towards bitcoin core.
I have also started walking on the path towards becoming a bitcoin core developer.
I have not started building any code yet since I am making my base strong by understanding the technicals of bitcoin.
I hope some day I will be able to give my contribution for the bitcoin community.



Yeah I know that a simple bug report or a simple code change would also be considered as a contribution but I am planning on to dive deep into bitcoin core.
This is why I thought of getting the basics well before I my contribution.

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buzz08