In a recent interview with SEC chairman Gary Gensler, there was something that caught my attention. The chairman stated that "Bitcoin is not that decentralized". That's "partially due to the prominence of centralized crypto exchanges". You can read all about it here: https://www.cnbc.com/2024/02/14/cnbc-transcript-sec-chair-gary-gensler-speaks-with-cnbcs-squawk-box-today-.htmlI'm afraid he's right, especially when CEXs hold most of BTC's circulating supply (eg: Binance). It's even worse now with the recent approval of spot Bitcoin ETFs by the SEC. Institutional investment companies like BlackRock, VanEck, and MicroStrategy are accumulating large amounts of the cryptocurrency. We're essentially selling our BTC to companies driven by mainstream governments' own interests. With this, Bitcoin's true value proposition has failed (banks win). At least, the code is open source. If BTC becomes compromised, what's stopping us from moving to a more decentralized chain in the future (Litecoin, Monero)? Your input would be greatly appreciated. Thank you.  But what's the threshold/the percentage of total circulating supply to be held by one entity, or a cartel of centralized entities working together, before we can truly say that Bitcoin has centralized towards said entities and has failed? I have been asking that question, not because I was trying to find at what percentage is the threshold, but to know what others believe might the threshold might be. No one would give a direct opinion. Hahaha. |
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https://shuffle.com/sports/promotions/sports-odds-challengeJust noticed the sports odd challenge is still there but the odds to beat is bigger now, it was 600+ now it is 900+ (close to 1000). Does it mean that once a player beat the odds, then the odds made the player who beat the first odds is used for the next challenge? I'm not sure how many winners are already won this challenge but maybe there were few winners that's why the current challenge is already above 980. If what I think is true, means that it is like continuous challenge where once there is someone beat the early challenge then a new challenge is opened. This is indeed great promotion not only because the rewards is high but rather the minimum bet is low for 900+ odds target that is first come first serve basis. I’m not a sport bettor but I can say that this a very fair competition to everyone including small bankroll gambler with 100$ balance. I’m not how long this challenge will stay but I think Shuffle will be more consistent on this since they always provide challenges on their slot games frequently once the existing one already claimed with same level of prize rewards. It's actually more than fair. It's +2.5x fair to be exact if we start counting for the odds to beat at 1000. Pardon me if I'm wrong, but my understanding is there's 0.1% implied odds to break even if the odds to beat is 1000. But with the $2,500 offer, it makes 0.1% implied odds to win a $3,500 a steal. To simplify, you need to bet 1000 times of $1.00 bets to break even at 0.1% implied odds. The prize offer of $2,500 gives the user 2,500 more opportunties to chase the prize.  |
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NEWBIES, you should be concious of the fact that perhaps ALL of the the advice posted in the topic might be coming from people who don't belong to the top 10% of traders who actually make consistent profit from "trading".
Be careful of those advice, because most of them WON'T make you more profitable against the top traders, and their army of bots. Merely choose a good asset that will continue to exist for decades, then buy and HODL. Buy the DIP, DCA, or another accumulation strategy, just do where you are comfortable.
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They might have a right to ask these details according to their terms and conditions but it is completely unreasonable to do it as a way to prevent users from cashing out their earnings. If they have a reason to believe your deposit came from an illicit source then they should provide some evidence of this. It's hard to justify invading someone's privacy for an amount that is equivalent to pocket change. It's a bad look for them to be treating customers this way.
Sadly, providing proof to back their KYC requirements is not part of their ToS because they clearly mention this on their ToS. Fortunejack is also too big casino to prevent withdrawal of 50$ using KYC. Probably the fact that the account becomes dormant for a long time then suddenly awaken and issue a withdraw is the reason for their KYC implementation since fortunejack is already imposing KYC to the majority of their users AFAIK. As I mentioned already previously. This is not a shady/scammy behavior but rather too much unnecessary security for a mere amount of money involved. You're right, and although users like OP have the right to be concerned, I also believe that the casino is not scamming the community. BUT they should make those terms behind the bonus more accessible and more visible for everyone to read to avoid an emotional/dramatic reaction such as OP. Plus KYC is the right of any casino to protect themselves against those people who will abuse the bonus, but to ask for source of funds is sort of abusive towards the user's trust on the service. |
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[edited out]
¯\_(ツ)_/¯ It's not a joke. I truly believe that as Bitcoin HODLers, we should learn more about our investment. It's also no mere investment, it could be the most important asset, like Gold, that might serve as a back-up/fall-back if the current financial system fails/crashes. Bitcoin's technical design and the design decisions made by the Core Developers ensures that it remains as a form of hard money for internet transactions. Those big institutions wouldn't touch Bitcoin and wrap it in an ETF, if that didn't have any value. To the extent that you might not be changing your position and to the extent that I can even remember what we were arguing about in regards to whether bitcoin should be considered and presented to newbies as an investment or as something else, such as a technological phenomena that is better than any shitcoin.. blah blah, blah, it could well be that we are devolving into arguments about semantics... to the extent that you are still worked up about any of my potentially lame attempts at making light of bitcoin-related matters. No ser, I'm merely telling you that investing in Bitcoin and learning its technical features about WHY it's a good investment is also as important, probably more, as taking it as an investment itself. Many newbies would probably not care, but I believe if experiencing their first -50% drawdown it would be those newbies that would not have enough conviction to HODL. Thanks for that further clarification, and sure fair enough in regards to a potential importance that comes from trying to understand some of the technical aspects of bitcoin in order to contribute towards the potentiality of developing stronger investment conviction, and so maybe that again is helping to highlight where you and I are considering these kinds of matters regarding the importance (or lack thereof) technical knowledge differently. It doesn't have to be a deep understanding of every technical feature of Bitcoin. I believe a mere understanding on why censorship-resistance is the main value-proposition of decentralization would be enough. From that, any person who's willing, could do his/her own research about how that's being made possible and why Proof Of Work and Bitcoin both can't exist without the other. It's very VERY important for people to learn, or have the interest to learn these matters. They could form their own opinions later on and they'll never be misinformed by fudsters. |
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 Plus just because there are entities in China, or in whatever country, that are making it easier for ordinary people to gain more access to Gold, phyisical or paper, it doesn't necessarily mean they're selling their Gold hoard. It's laughable to have those foolish assumptions, or foolish posts, merely to gaslight people into questioning the right information and make the gaslighter look smart. Be careful in the real world, frankandbeans. Gaslighting might be becoming second nature to you.
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they gave negative trust rating because your clown army you support(doomad hosted) cried to them with victim tears.
No ser, Gregory Maxwell and Andrew Chow gave YOU negative trust-ratings because YOU have been spreading lies, disinformation, FUD, and have been gaslighting people.
as for your research.
you dont read code or blockdata or find real statistics or data. your research is asking someone their opinion on things and then you copy their opinion.
you are defined as a spoonfed consumer sucking up anything handed to you. not a researcher.
If you know the truth and you are right, then why the negative trust-ratings given to you by two of the most trustworthy people in the forum?
from looking at your opinions they all sound like copy and pastes from social/mainstream media.
when you dont sound like doomad, stompix, you sound like fox news
even your insults are a copy and paste
as for your incessant overuse of the word gaslight.. you need to see who's fueling your flames and causing you to get burnt. the vapour that comes to you is piped in from idiots. if your getting burned by it.. change your fuel source..
because you have become as useful as a gas flaring chimney. not utility gas
..
the main debates i had with gregmaxwell was about how segwit allows junk data to get into blockchain unvalidated due to backward compatibilities lack of need for network readiness/activation of understanding, having rules new formats of transactions... and ordinals proves the exploit
even your mentor doomad now knows i was right, but still hates that i even dare challenge/scrutinise the beloved gods you idolise and trust
Copy and paste? Frankandbeans, your big blocker Anti-Core-Developers posts are copy-pasted from Mike Hearn's and Roger Ver's propaganda.
as for chinas gold buy.. such wow. they increased their hoard by 'meh' 10%... and are now offering out gold to help incentivise the unfinished real estate projects to be bought up at market rate by offering buyers a gold brick..
.. instead of discounting the real estate, which would ripple market price decline for other finished housing
Ser, do your own research. They're hoarding, not selling. |
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[edited out]
¯\_(ツ)_/¯ It's not a joke. I truly believe that as Bitcoin HODLers, we should learn more about our investment. It's also no mere investment, it could be the most important asset, like Gold, that might serve as a back-up/fall-back if the current financial system fails/crashes. Bitcoin's technical design and the design decisions made by the Core Developers ensures that it remains as a form of hard money for internet transactions. Those big institutions wouldn't touch Bitcoin and wrap it in an ETF, if that didn't have any value. To the extent that you might not be changing your position and to the extent that I can even remember what we were arguing about in regards to whether bitcoin should be considered and presented to newbies as an investment or as something else, such as a technological phenomena that is better than any shitcoin.. blah blah, blah, it could well be that we are devolving into arguments about semantics... to the extent that you are still worked up about any of my potentially lame attempts at making light of bitcoin-related matters. No ser, I'm merely telling you that investing in Bitcoin and learning its technical features about WHY it's a good investment is also as important, probably more, as taking it as an investment itself. Many newbies would probably not care, but I believe if experiencing their first -50% drawdown it would be those newbies that would not have enough conviction to HODL. |
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[edited out]
What is the actual importance of Bitcoin? If we merely talk about it as something that "will make people gain more from their investment", especially people who have yet to actually learn anything about it, it might sound like a Ponzi to those people, no? Yes, people to think about bitcoin as a ponzi, and they don't really tend to understand what bitcoin is.. and I still see no reason to get worked up at the term investment, Pardon me, but let me stop you there. No one is getting "worked up" at the term "investment". I'm merely debating for learning more about Bitcoin if someone wants to talk about it with other people, especially nocoiners that are still suspicious about "Bitcoin". I believe if the suspicious truly learn about how it works and how elegant of a solution was found to the Byzantine General's Problem and the game theory behind it, then something inside them might "click" and acknowledge the value of what Bitcoin gives to society. People should accept that it's a new "standard" for hard money, and THAT makes it a good investment. No problem. Stop getting worked up so easily.   ¯\_(ツ)_/¯ It's not a joke. I truly believe that as Bitcoin HODLers, we should learn more about our investment. It's also no mere investment, it could be the most important asset, like Gold, that might serve as a back-up/fall-back if the current financial system fails/crashes. Bitcoin's technical design and the design decisions made by the Core Developers ensures that it remains as a form of hard money for internet transactions. Those big institutions wouldn't touch Bitcoin and wrap it in an ETF, if that didn't have any value. |
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You are not alone in the delusion of not understanding what Abitrage betting is and how effective or in effective it is, and what are it rules in aiding the gamblers to win the bet, this is much more so to the point that we may consider using that mechanisms to stay ahead in our bets,.
I think one will need to have an extra read about abitrage betting or the concept because the tool is not only availability in gambling alon but also in trading, so it worth the search to see what it real meaning is and what are it effects.
It's not as complicated as you guys think. Arbing is basically betting on both sides to acquire a guaranteed profit and this technique can be applied in many areas such as gambling, trading etc. I have personally done it successfully in gambling only and it feels great to earn risk free money, but it's not some sort of perfect strategy and has its limitations. The biggest limitation might be the arber needs a large amount of capital because it's a strategy with very small profit per bet. I believe most of the profit are mere cents to the dollar. Plus another limitation is, you risk being limited by the casino, or probably also get banned because arbitrage strategies are not actual betting/gambling, it's an exploitation of the odds' inefficiencies between casinos. ¯\_(ツ)_/¯ |
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When I started trading without having any experience in trading, I did not know panic and lost a lot of money. But now I understand in trading you really need to be patient, don't panic when the price falls. This is a bright time for investment where you collect top market caps in preparation for a bullish market. Investing at this time will be the best investment in the future so it can be a better way than trading.
Often happens that most of us commit mistakes first before learning. We could say that this should never happen but we neglect to think about it at first because what is in our mind is that trading is easy and we get overwhelmed once suffer losses and open our minds to such a learning experience. We lose but somehow, it opens some doors of learning. Maybe I was wrong but in this trading life, nobody had made a perfect start but all have faced challenges and even lost big amounts. Therefore, I must say that don't start with a huge amount, let us try the minimum and familiarize the market as it will not hurt if we lose it. Because that amount is part of the learning process which is most probably it loss rather than seeing it multiply. But for plebs like us, those mistakes will absolutely be very expensive mistakes because our capital is limited. Plus to most of us, we literally can't afford to make mistakes because it would many times take months to recover the capital through a regular person's salary. BUY AND HODL Bitcoin! That's not hard! That's definitely the investment strategy that would make the most minimal of mistakes! |
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a bookie should be happy someone stakes big amount on their site and does it frequently; isn't it their main goal to bring traffic and volume?
The main goal of all the casino is entertain you and making money through the entertainment. If someone is arbitrage betting, he is winner all the time. That's why it's also called sure bet. They are beating the bookies with arbitrage betting. Most of the casinos don't allow arbitrage betting. In some cases, casino only limit the gambler so they can't anymore take the chance as with small amount of betting limit, they would make a very little amount which wouldn't worth the time. It's sort of like a "hack" when an individual has infinite lives in the video game because he/she is NOT playing under the rules of the video game. It's simply an unfair advantage, plus it removes liquidity from the betting pool making it smaller, which might prevent the casino from accepting larger bets. Arbers should use their strategies in Betting Exchanges because all of the bets are peer to peer. The exchange merely collects fees/doesn't have its own money in the liquidity pool. I've known about arbitrage betting for quite a long time now, but I've never really come to understand completely how it's done, I've even heard and read post of some guys who end up getting restricted from accessing their accounts by some casinos on the charge that they were doing arbitrage betting. Though like I said before, this is something Ive known I words for a very long time, but unfortunately, I've never picked the interest to want to really find out what exactly it is, how it's done and so on. So, reading your analogy of having infinite lives in a video game, that tried a bit to explain it but it's not clear enough, so, if you don't mind, I honestly would appreciate a clear and precise explanation on how arbitrage betting is done, I know I could easily Google this, but we are here already, so, let this also serve as a contribution to the discussion. Thanks for your anticipated time and effort. Arbers are not like gamblers/regular sports-bettors. They merely exploit inefficiencies in the odds of different sports-betting sites/casinos. If they find an inefficiency, they will put money on both sides of the bet and pocket the difference. As an example of an inefficiency, if Team A's odds is 2.05 and because of that inefficiency Team B is 2.10 in another casino. I believe there are other kinds of inefficiencies to be found, but that's a rough example to put arbitrage in context. |
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11sat/b did happen multiple times but under 10 will be really tough, it will trigger a lot of consolidations, not that they aren't happening even now but the other bad news is that the adjustment is in a few hours, we had 7.3% in the previous epoch an not probably 7.8-7.9% up, pretty hard to have another 7% to keep the same number of extra blocks mined, we're 143 blocks ahead so basically we had an extra day of transactions capacity.
Just as I said earlier, I still think we will see 1 sat vB soon. All this crazy about fees was caused by ordinals/inscriptions/jpegs or whatever. Wheen this stops and the mempool contains only bitcoin normal Transactions , fees will drop even more. That's actually what Ordinals users were debating about. They claim that low fees = low demand, and that those people who want Ordinals out, don't actually use Bitcoin. ¯\_(ツ)_/¯ What do they want users to do, use our precious Bitcoins for our daily coffee transactions? They shouldn't condemn anyone for HODLing if they're actual contribution to Bitcoin are mere dick pics and fart sounds in the blockchain. |
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Trading is something where you need to know analysis, money management, analysis risk, maintain loss, Control Your Emotions and so on. Well I believe its good to have your own stretegy rather than following others. But everyone has different mindset, so are for their trading Strategies. Can you share yours, so that other one could learn from you and can do improvement in himself? Thanks
Trading is a place where you can never succeed if you don't take risks. You should always control yourself before trading, you should not be emotional, you should also analyze the market and you should organize everything well. You always have to start trading with patience otherwise you may face loss at any time and also don't be emotional but you have to be patient. You have to accept that you can experience volatility in the market at any time or you will never succeed in trading. To start trading you need to have enough money. If you start trading with little money and you lose it, you will be emotional, so you need enough money. And start trading with some money from what money you have otherwise you can lose everything so always plan well. That depends on what kind of "risk" the person is taking. Because if he or she is taking risks on the most stupid shitcoin anyone could find in the internet without DYOR, then he/she truly deserves to lose his/her money. I'm Bitcoin-only, but I know that there might be other coins that might also be good HODLs that could perform better than Bitcoin, BUT those should be the kind of coins that have skilled and trustworthy developers behind them. As an illustration on my conviction towards Bitcoin, if Bitcoin was hard forked away from the Core Developers, I might start looking for the door out. |
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a bookie should be happy someone stakes big amount on their site and does it frequently; isn't it their main goal to bring traffic and volume?
The main goal of all the casino is entertain you and making money through the entertainment. If someone is arbitrage betting, he is winner all the time. That's why it's also called sure bet. They are beating the bookies with arbitrage betting. Most of the casinos don't allow arbitrage betting. In some cases, casino only limit the gambler so they can't anymore take the chance as with small amount of betting limit, they would make a very little amount which wouldn't worth the time. It's sort of like a "hack" when an individual has infinite lives in the video game because he/she is NOT playing under the rules of the video game. It's simply an unfair advantage, plus it removes liquidity from the betting pool making it smaller, which might prevent the casino from accepting larger bets. Arbers should use their strategies in Betting Exchanges because all of the bets are peer to peer. The exchange merely collects fees/doesn't have its own money in the liquidity pool. |
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A new ATH before halving. Is it possible?
Although I'm not as bullish as everyone because of the current macro-economic condition around the globe, which I believe we'll see another crash before Bitcoin surges to six digits, BUT to answer OP's question - YES, it's possible. Why? One of the possible, but currently, biggest reasons right now might be because those Gold ETF investors are selling their investments in exchange for the Bitcoin spot ETF. We're seeing horses being replaced by cars, a phenomenon when the new replaces the old. |
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OP, your next question should be to ask each and everyone in the topic who has given their advice if they're actually profitable traders after a large sample size. I personally am not ashamed to admit that I'm a mere pleb and a BAD trader. That's why I advice everyone to HODL only Bitcoin because it's the only cryptocurrency that can be trusted to do its job well, and to continue to exist for more decades. Those other coins, we simply don't know.
You started the topic on January 18, 2024. Let's pretend you bought Bitcoin during that date and you're HODLing until January 18, 2026. I'm very confident that many, probably 90%, of "day-traders" in the forum will not outperform Bitcoin.
I would say I am not a bad trader, but not a great one at the same time. If you look at my overall results, I made ~10% profit in 2023 for example. Plenty of people made a lot more, hell if you kept your money in some other places for interest, there are ones that give close to that, freebitco.in gives 4% if I am not wrong for example. So all in all, I have to say that it is not going to be something that would be all that crazy to handle, it is going to be a decent situation. I believe that we are going to end up with a return that would be profitable for us if we keep it low risk and that's what I did which means I profited but very little. I should not be heard like some master, but I should not be ignored neither, I am just a statistic basically. But that's actual the point. We can't truly tell ourselves that we're "profitable traders" from one year or one cycle alone. It needs a large sample size to remove outliers and luck from the data, to show the true performance of our decision-making in "trading". Many people make post and it sound easy, but it's truly not. Because if it was easy, then everyone would be rich. BUT in the world of "easy", where would the profit come from? It will come from the peope who actually find it hard, which probably is MOST of us plebs. |
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[edited out]
What is the actual importance of Bitcoin? If we merely talk about it as something that "will make people gain more from their investment", especially people who have yet to actually learn anything about it, it might sound like a Ponzi to those people, no? Yes, people to think about bitcoin as a ponzi, and they don't really tend to understand what bitcoin is.. and I still see no reason to get worked up at the term investment, Pardon me, but let me stop you there. No one is getting "worked up" at the term "investment". I'm merely debating for learning more about Bitcoin if someone wants to talk about it with other people, especially nocoiners that are still suspicious about "Bitcoin". I believe if the suspicious truly learn about how it works and how elegant of a solution was found to the Byzantine General's Problem and the game theory behind it, then something inside them might "click" and acknowledge the value of what Bitcoin gives to society. People should accept that it's a new "standard" for hard money, and THAT makes it a good investment. |
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Plus what is "pure AML"?
I'd guess guaranteed success to pass any AML check. If you're trying to avoid it but want to have some privacy back, use the Lightning Network and send the Bitcoins to yourself. That would be sufficient enough for most users.
What exactly do you mean? Creating new LN channel where both address/party actually refer to same owner? If you have something minor to hide, you could truly use Lightning by actually opening a channel yourself if you want, or use it custiodially, but the point is because each Lightning Network channel is like a line in an abacus made of unsettled transactions connected with other nodes that may or may not have other connections to other nodes, when you send a transaction from a wallet to yourself using another wallet, it is relayed through the network and you receive outputs that are not connected to your "tainted" wallet. |
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I give people the benefit of the doubt, but from your history in the forum, I will only believe you if you can give me the links to information.
no the point is that you read something.. and then separately do your own research.. that way you dont need to be spoonfed like a child EG try google "china gold real estate" and find many links from many sources instead of asking people on the forum to spoon fed you Do you actually believe that I post here and say some things WITHOUT doing my own research? Please ser, you've been taking advantage of the newbies with all your gaslighting. That's definitely why Gregory Maxwell and Andrew Chow, both very trusted developers in the Bitcoin community, have given you two negative trust-ratings. Central Banks are hoarding, especially Central Banks of Russia and China, https://www.gold.org/goldhub/research/chinas-gold-market-2023-demand-improved-and-premiums-rose |
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