Are you guys leaning towards coins that have been built on top of Ethereum or ones that are completely separate? Does that matter to you?
It doesn't matter if it is an ERC20 token, as long as it shows a potential to be a good investment for long term then I would invest my money to it like ENJ or MATIC. Those two are often used to build blockchain games and allow the use of NFTs which is very popular now. The withdrawal fee is really ridiculous when withdrawing those tokens on exchanges. I hope the eip-1559 implementation of ethereum will decrease those fees as storing cryptocurrencies on exchanges doesn't really make me feel safe even if it is on binance.
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Refer to this thread https://bitcointalk.org/index.php?topic=5262141.0 or visit this website https://www.btcgosu.com/The website above is my go-to reference when I want to try a new gambling platform. It contains the most basic but important information to know when playing on those platforms, it even has positive and negative reviews of it to inform the customers before trying the website. I checked the gambling websites now on the link above and some of them already support USDT. As far as I know, those platforms don't require KYC though I can't guarantee a 0 withdrawal fee as I've never played on a platform like that.
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All these signs move together to prove that there is a potential for Bitcoin to recover in near future. It seems that now is the right time for Bitcoin to start recovering.
We will know this week how the market will go. Many were saying it will still dump below $30k but others also say that we are at consolidation stage and going to pump soon. It's very risky to trade now as the market is undecided. Many people have been really affected by fuds few weeks ago and they are scared now to invest in cryptocurrencies. My bias is bitcoin will recover soon because altcoins are showing strength when bitcoin is dumping. This might be the last opportunity to buy cheap cryptos because new ATH could be the target in coming weeks.
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Like in any sports it's possible to see some nations are superior to anothers, what would give the chance to the sport's fans to earn some money by predicting the correct results.
If this type of sport becomes popular around the world then gamblers would take an interest in it as well as gambling platforms. If there are some articles or sources where gamblers can get the statistics of players/team then someone would really bet on this sport. Would you have interest in betting in a sport like this and promoting it, so it could become more popular until being included in gambling's platforms?
Yes why not, it reminds us of history so preserving it as a sport is really a good choice. I visited the website and they have strict rules and regulations before anyone can compete in the game. As long as no one gets hurt then I would promote it and won't hesitate to bet on it.
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I know that investing in bitcoin is risky but I also believe that bitcoin has a good future.
I just hope I made the right decision.
To avoid volatility of bitcoin, you can convert your cash into stablecoins like USDT, USDC, or BUSD which has the same value as the US dollar then store it in a non-custodial wallet or hardware wallet. Just keep the private key in a safe place that you only know, with that you already have your own bank. Just prepare a small amount of altcoin using those altcoins, I'm using trustwallet as my savings account for every transaction you make iit needs a small amount of Tron(TRX) when using USDT while BUSD uses BNB in smart chain wallet. As for USDC, I never tried having that stablecoin because only few wallets support it so I don't know what coin does it uses for fees.
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So what could be the long term effect of having more altcoins on the market, will they help build or break bitcoin?
Only altcoins with the real use-case will last in the crypto space. I don't think it will break bitcoin because they have different goals in improving the use of blockchain technology. If their development is continuous and has a real impact on a lot of people then that is good for the long term. Could exchanges play a major role in ensuring shitcoins don't get to see daylight to protect coins that are established to grow?
Exchanges will really play a major role, if shitcoins continue to get listed on popular exchanges then this is a shame for real projects who are working hard to develop their coins. This won't be good for long term because most people only buy what coin is trending which is most often a shitcoin. The developers of this coin don't have a solid background in blockchain so investing on this for long term is very risky, if they stop developing it then investors could lose a lot of money.
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Here in our country we are not yet done with the best way to prevent ourselves get infected with this virus by just staying at home and doing this thing for almost a year and a half and there's no doubt that even doing an online gambling would be the best liesure time for many of us. I can say that the sudden increment of the usage of people on online gambling is due to the oandemic crisis we have in now. People now are also making it as a source of their income. Here in our country the online cockfighting is very popular.
For me, covid won't disappear in a couple of years because some people that are already vaccinated still get the virus. Businesses in different fields should really adjust to the virus or else they won't be able to make money, many opened establishments also helps the country to progress economically. Smartphone and internet have already become a necessity now for most of us so it is not surprising if a business like cockfighting who don't do online before the pandemic is now thriving online.
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So, what is your favorite game when it comes to gambling on current platforms? What is the reason that you like it?
Dice game is the first game I played on gambling platforms and it will always be my favorite because the game is very simple but can give you huge amount of profit if you are lucky. I also do sports betting only when NBA and Dota tournament is ongoing. How about you? Would you like to share a bit about your experience in this game and other games? Let me know!
There is this one time that I have spare 0.002 on my bitcoin wallet, I was really bored that time so I went to a sports betting site. I bet on a volleyball game that I don't have any knowledge of the teams playing. I just bet on a team with high odd. I was very shocked that time that I managed to make my bankroll went to 0.01 from my capital of 0.002. Sadly, I got greedy that time and went nothing in the end. I still can't forget that experience even if it happened 4 years ago.
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Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$. And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone. Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough. I hate this feeling. Guys no matter what don't be impulsive in trading.
This is why you don't associate your emotion in trading especially if it is leveraged. You just like gambled going all-in with that leverage and no plan at all and your only goal is to recover your loss. Many people are ruining their life in leverage trading, the profit can really be huge with just a small capital but if you don't plan your trade you will likely get liquidated if the market doesn't go the way you want. I don't suggest to do leverage trading especially if you don't really know how to read charts and use different indicators. Even pro traders are very careful diving in with this type of trading.
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What's your take on this, will this dump continue in the next few days or bitcoin will bounce back strong going back to $60,000?
For me I don't think it will go below $30k now but it would take weeks before we get back to $60k again. We quickly bounce when bitcoin reached $30k each a week ago so many people especially whales bought at this price and they won't let it go below that price because we could quickly go down on $20k because there is no resistance between those prices. If it bounces back very quickly then this will not be good for altcoins because if bitcoin price goes up fast then this means its dominance also increases. I think most of us that can only invest a small amount of money are into altcoins because the potential gain from this is higher than buying bitcoin now. If bitcoin slowly goes up and consolidates at a certain price range, then altcoins can catch up with bitcoin properly and make their new highs.
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It is too early to tell if bitcoin has already reached its peak this year. We are just in the middle of 2nd quarter now and it already reached that $65k ATH few weeks ago so there is still a lot more stuff going to happen this year. Most often bitcoin and other cryptos pump hard during the 4th quarter especially during November and December but it is still hard to predict if this will happen again because crypto is very volatile. It could pump before those months like reach the speculation of $100k per bitcoin then dump before the year ends.
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If you invest in something just because you are influenced by a rich and famous person then that is just basically gambling. Bitcoin is very volatile, if someone invest their millions to it without knowing anything about it then he could instantly lose a lot of money. We all know that market will always recover when bear season happens and holding bitcoin for the long term is definitely a good investment but what if some people thought that it is a quick-rich scheme because of the increase this year that they invest most of their money to it then suddenly bear season happens and they need money for emergency, these people will be forced to sell their bitcoin at loss. The equivalent value to fiat they will get will only be half or even less than what they invested.
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Shoutout to bitcasino (and sportsbet) for hosting that pizza promotion. I just got my prize from the contest. It's been a while since I got this lucky and i'm very thankful for these cool promos you guys have been putting up recently. Congrats bro, that is such a huge win there. This is what I like on these platforms, they always thought of a way to have a contest when events like bitcoin pizza day happen. Their users have something new to try and look forward to if they will win in the event, not just the games they play regularly on their platform and hope to get a good amount of win. They always improve and add new games on their platform to satisfy their users and to invite new ones as well.
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When bitcoin drops to $30000, this is a disaster for most traders who buy bitcoin and altcoins at a price high. We didn't expect bitcoin to fall this low, so causing altcoins prices to be dumped very deeply. For traders who have already lost over 25% in trading, then it is best not to cut losses because it will make lose some capital. So believe me, the bitcoin price will back up again and altcoins price will rise again.
If you are not doing leverage trading there is no reason to cutloss unless you know where is the bottom and buy at that price so you will have more quantity of that altcoin or bitcoin. Market will always recover from its crash, it is up to us if we have strong hands to hodl and not let our emotion affect by the fuds causing us to panic sell our holdings. Market crash only happens when many many fuds keep spreading together with some whales selling their holdings for profit.
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It is obvious that we can still live without bitcoin and any other cryptocurrencies. Just look at some people that are not able to buy it or can't still embrace the use of digital currencies, did something happen to them? How can a scarce asset become a necessity?
Bitcoin is only an investment, it is our choice to buy it or not. It is not the traditional payment currency unlike fiat so living without it won't be a problem and I don't see bitcoin as the global currency in the future as its price is very volatile.
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KYC is indeed evil but lets see some of it on the brighter side of things too.
The problem is you don't really know what the gambling platform will do on your private information. KYC has really some benefits but if it is handled by someone with a bad motive your information can be used for illegal activities. We should be picky on what platform we share this private information of ours, if the risk is greater than the reward then it might be better to avoid complying with KYC. We should also know the standard requirements on platforms, most often they only ask for a document ID and a live selfie of yours. If they are asking too much then think carefully if you will still comply to their KYC.
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so with all these, i am looking for a companion who is interested in trading, tech, news and would like to share contact number or some platform where we can message and discuss on regular basis so that on every oppurtunity i have someone to talk and take up decisions if not atleast make my head stright This forum is also a good source of everything about crypto. There is altcoin discussion board where members share their thoughts what is a good to buy and their insights of that particular coin, there is also bitcoin discussion board where bitcoin events and opinions are shared. Try to find also discord and telegram groups where people that have the same interest with you share their thoughts about the current state of crypto market. Just don't purely rely your decisions on them.
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My worst mistake and most probably newbies also experience this is I let myself become affected when fuds are spreading and causes a market crash that I panic sell my holdings at loss. This mistake is the one newbies now should avoid now. Market will not always go down, time will come and it will start to recover again. People that know crypto since 2017 know this. It is ok to sell your holdings if you know the bottom of the crash and know what price you will buy.
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1 week of market correction and many people are already panicking and saying it is the end of bull run. We increased a lot since the beginning of the year and these corrections should be expected. Many didn't expect that crypto market will soar very fast and some people miss the train so some of them especially from China spread fuds few days ago to bring the market down so they can buy and accumulate in a very low price. Mass adoption is slowly happening and institutions just continue to accumulate so I think it is not bear yet. I can't say how low will be the bottom this year but I'm confident that it won't go below $20k anymore.
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This is why I ask some of my friends that use the same platform if they didn't encounter any issues withdrawing their crypto from a gambling website straight to an exchange. Some exchanges have strict rules that they avoid accepting funds when it is from a gambling website because for a reason that they avoid having money laundering issues in the future. This is the only reason I can think of why some exchanges disable the account of some of their users.
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