@OP

How do you exactly know that the bitcoins are transferred from an exchange wallet to a personal wallet?

The link you have posted, has nothing to do with the content and context of this thread. Would you mind rechecking and updating the link to the correct one?

It's mainly due to the security reasons. Having an android or iOS app is not really a big deal. But the challenge is with the cheaters who use bots and multiple accounts to make money unethically. Having an app will only increase the number of such scammers without doing any good to the casino owners. That's the biggest reason for the casinos not having an app in appstore.

I was just about to say that! After the Hong Kong population started their protest against land-greedy Chinese government, the p2p volume have reached to a new height through localbitcoins. Read the reference below,

https://beincrypto.com/localbitcoin-trading-volume-in-hong-kong-spikes-to-highest-levels-ever-recorded/amp/

It seems like the people of Hong Kong are trying to safeguard their wealth where no government can intervene!

It is called Binary option trading and such kind of trading platforms are widely available in the market already. I don't know what extra Bitoffer is offering!

However, can you please explain how the profit will go up to 1000 times? Is it due to the leverage offered or any other calculation methodologies? Such kind of binary trading platform is no match with Bakkt for obvious reasons! Bakkt is mainly focusing on institutional investors where the traders can get physical delivery of the bitcoin if needed! Alsp binary options are mainly offered to the day trader class of people! Bakkt really doesn't have any competition with Bitoffer whatsoever!

Dollar is used as a foreign reserve currency by majority of the countries in the world. Also dollar is the main settlement currency is all major international trade. These two reasons make dollar as the most dominant currency in the world. I can suggest an informative article for you to read about this matter,

https://www.thebalance.com/world-currency-3305931

It will give you a macro level understanding why dollar is so strong and used as a world currency!

The reason EUR was developed is to make Europe more financially independent and to minimize the dominance of USD. The same article shows a graph which says, the EUR dominance is only 1/3rd of the USD dominance in the world market. I don't think USD will ever be replaced by EUR, but yes, can give some serious competition to it!

You mean to say you want to start a venture capital company with main focus to crypto trading market. It is very much possible but be prepared with few millions at least! For tax, get professional help!


How about Japan? They are most crypto and busines friendly nation in the world!

Yes it does matter! Usually traders don't always make huge profit.  So for such trades where profits percentage is minuscule, trading fee matters to maintain trading profitability! It applies to real world stock market as well especially in my country where the competition is really high! I have seen broking houses offering as low as 0.1% fees for both day and delivery trade!

Same thing also applies for gambling platform. People always look for gambling websites with lowest house edge! Fees is indeed one of the most important deciding factor for many traders/players!

Rejection was well envisaged! No one of us really expected to see it otherwise! But what you are soliciting here, will bring doomsday to the crypto market! Moving the trading volume to centralized and regulated exchanges will actually kill the essence of cryptocurrency! ETF is not the necessity of the crypto market! Learn to prioritize!

It is one of the major benefits of cryptos, which runs on the free market. Probably that's the reason why we are seeing a great spike in bitcoin volume from Hong Kong where people are protesting against the Chinese dictatorship! See the below link for reference,

https://beincrypto.com/localbitcoin-trading-volume-in-hong-kong-spikes-to-highest-levels-ever-recorded/amp/

It seems like Hong Kong people are trying to safeguard their wealth from the Chinese government against their greed for land! One live example!

Cryptos can very well be used in the countries with troubled economies. But those  cryptos have to be bught from the free market and not the one created by their government. That will lead to even bigger failure. Take example of Venezuela and petro currency. Both The petro and Venezuela's economy are big failures. It will only make sense if those cryptos are directly bought from the market using strong currencies like USD, EUR etc. This way we can seclude the crypto market from the risk of their weak economy and the influences of their corrupt governments!

This topic has been discussed many times here. A simple Google sear h would have given the correct answer. Read the below article to know what will happen once all 21 million bitcoins are mined.

https://99bitcoins.com/what-will-happen-when-all-bitcoins-are-mined/

The last bitcoin is estimated to be mined in 2140. Our next to next generation is probably going to see this.

I wouldn't term this particular incident as banking system failure. I am well aware of this case and I personally know many of the victims. The problem occurred because 86% of the total loan size  was given to only one company known as HDIL which went bankrupt. The loan amount was used for buying ultra luxury cars and homes by the directors of the company without using it in the business. The chairman of the bank is directly involved in this scam which lead to a bigger problem and the bank is now not capable of fulfilling their liabilities.

So it's a classic case of corruption in India and not really a banking system failure! Obviously big political influence played a big role in this which will never come to light because the rulling party is involved with it!

We are indeed moving to a new era of digital money and transactions but we haven't yet reached a stage where physical cash can be eradicated. See the stats below,

Internal access: it is estimated that around 3 billion people have access to internet today, which is roughly 42% of world population. No internet means no digital payments.

Ref: https://www.invespcro.com/blog/world-population-online/
 
So if I overlook the other factors like computer literacy rate etc. The infrastructure needed for complete eradication of physical cash is not present. Yes, people from urban areas are using digital payments in their daily life but that's not the case for everyone!

The positive is that the situation is changing slowly and surely! But more time is needed before we see a holistic change!

I have a similar opinion about ETFs! It's just a hype and won't add any real value to the crypto ecosystem, unless the ETF is settled physically. Investing on the price of an asset without actually buying/selling the actual asset, won't really add any value to the asset ecosystem. What I know, that majority of the ETFs that are waiting for the SEC approval, are not physically settled ETFs. The only physically settled ETF was the Winklevoss one which is also stuck in the line of approval. If we really want to see the volume driving up in the market, we need to see that physically settled ETFs are approved! otherwise, it won't make any sense!

I don't really think there is any correlation but even if there's anything, it should be other way around. People who are regular gambler, are not much bothered about the price of bitcoin. Only occasional gamblers are the one who is bothered by its price fluctuations. For them, the bet frequency should go up when the price goes down and vice versa!

That is a good proposition. But please make sure that bitcoin is a legal tender in your country before you start pitching them. Because currency exchange business is heavily regularized by the central bank and local authorities. So if bitcoin is not a legal tender in your country, all your efforts will go in vain! But if legal, then it will take much less effort for a currency exchanger to accept cryptos than any other types of businesses!

What kind of alteration? I don't think any kind of alterations are being discussed or planned! Miners are usually knowledgeable people in the community. The FUD may scare off the newbies but not the early adopters for sure!

Now coming to China. We all know that a major percentage of mining hashrate comes from China and the government may very well ban them or create some policies on heavy taxation which would lead them to stop mining. But that can't stop bitcoin in any way! There are other countries which can take over China because a loss of 70% hashrate would lead to reduced complexity and more profitability with less hashpower. So one deletion will get adjusted by more additions.

Bitcoin can't be stopped in any way! That's the beauty of decentralized network!

The question is as simple as the subject line,

Do you think AI enabled trading bot really exists?

We often see websites with such claims that they have developed a AI enabled trading bot which generates income for them in an automated manner and anyone who invest in their platform. I strongly believe that these kind of schemes are just cleverly disguised ponzi schemes and no such trading bot really exists.

What's your view on this? Have you ever experienced any such trading bots that generates automatic income for you?

Lol!! It seems like a very cleverly disguised ponzi scam! Like plus token! People actually believed that an AI based trading bot exists that can generate profits for the users. If AI based trading bot is a reality, they why don't you use it to eradicate poverty from the face of the earth?

$50 - $100 is over estimation! You can easily earn around $15 worth of bat token every month. But yes, if you use browser for more than 8 hours a day, then it may be possible! But make sure you opt in for their reward program separately.  By default it is not enabled!

But Brave as a browser is really fast and great to use! Even if you don't get rewarded, it has other benefits!