Halving has not a direct importance to the average user, as he does not feel any change, as the network will work as it is and the fees as well. Perhaps the only effect is the price, but the price change needs about a year or a year and a half after Halving. Bitcoin users, those who use Bitcoin for payment doesn't care about the halving. Bitcoin just come and go in their hands since they are using it to pay for purchases while Bitcoin holder does care about Bitcoin halving. Bitcoin holder assume that halving will have an effect to their Bitcoin portfolio value, it somehow signal that the uptrend and increase of their holding's value is in hand. Miners are the ones who will feel the impact, and therefore the time has become tight, and you must recover your profits during this year, otherwise the accounts will change a lot.
I agree miners are the ones who are greatly affected by halving. With the halving of reward and increasing difficulty, if the price of Bitcoin do not increase and catch up to fill the decrease in blockchain reward and ever increasing cost of electricity, miners will end up losing. |
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Has anyone here with the same experience? Or at least solution how to overcome besides giving the 20% verification fund to them. Cause she is scared that after she do that, what would be the guarantee that the account will be unfroze.
20% deposit for verification? This is new to me. Most of the freeze account due to violation often asked for KYC, or proof of funds. This makes me think that the friend of your friend is getting scammed. The sign are there, the 3 days deadline which gives the victim the sense of emergency thus may force the victim to give in to the demand. It will be more suspicious if they give the deposit address instead of directly depositing on the trading platform. I think you should tell the name of the exchange since it is not defamation if what you stated is true. Knowing what exchange it is enable us to avoid using that exchange in the future and help us avoid the same experience. |
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You missed some of the important factors that determine the price of Bitcoin. Aside from the given factors, the following also affect the price of Bitcoin. - The supply of Bitcoin and the market’s demand for it
- The cost of producing a bitcoin through the mining process
- The number of competing cryptocurrencies
- Regulations governing its sale and use
- Media and news
This factor is stated in Investopedia which I think gives more weight in affecting the price of Bitcoin. |
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Why do I think Bitcoin is unstoppable?
As it is decentralized and immune to external forces. It is a more valuable asset than a bar of gold. To everyone who is seeking financial freedom and protection against ongoing inflation, Bitcoin is the best investment. As fiat has always been a shady currency. Bitcoin network is unstoppable yes, but Bitcoin application and acceptance isn't. It only needs a notice of regulation from the authority to make Bitcoin transaction illegal and all the centralized exchanges and company that is involved in Bitcoin will stop its acceptance or operation. It maybe used in an underground trades or dark market but the mainstream adoption of Bitcoin will definitely stop once the authority prohibit the transaction of Bitcoin. Bitcoin mainstream adoption is not untouchable, it is still affected by the government regulation, the only reason why Bitcoin adoption grow is because the government is being lenient to Bitcoin users. Ultimate Goal!
My ultimate goal can be only achieved through Bitcoin. This will happen when I go to any big store and pick up anything without thinking about how much I have in my wallet. I am not someone who is looking for a Lambo. I am someone who is going after complete Financial independence.
Do you believe in what I believe?
I believe that anyone who is hardworking and working smart will be able to get financial freedom regardless of the presence of Bitcoin. I don't think that Bitcoin is the only thing to achieve your goal I believe the main factor of your success is your own perseverance, Bitcoin is just a neutral tool. You become successful in trading not because of Bitcoin but because of your skills in trading. If you happen to find a job that pay in Bitcoin, it is not Bitcoin that gives you the opportunity but the employer that accepted you and it is not Bitcoin that made you get qualified for the jobs but because of your own set of skill. Your financial freedom will not be given by Bitcoin but rather you can claim it through your own effort and endeavors. For me, Bitcoin is my guide in the pursuit of financial freedom and supremacy. What if Bitcoin price stagnate? Do you still think that it will be your guide to pursuit financial freedom? |
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Every Bitcoin Purchased is a vote for decentralization, now tell me have you voted this moth?
Does that mean that every bitcoin sold is a vote against decentralization? And that the outcome of the vote is close to zero, because every purchased bitcoin is also sold? Every sale has a negative impact on Bitcoin, so why are you selling? To get back your fiat? If there is no one selling then the market will stagnate. It will be more devastating than reducing the price of Bitcoin in the market. Remember, there will be no active trading or market if there is no supply. It is also the same as hoarding goods to make an artificial inflation of prices in the market. So selling in market activity is normal and healthy, even the occasional dumping and price crash also helps the bitcoin market to let new investors and allow a window for re-entry. Bitcoin can do everything that fiat can, so why are you selling instead of stacking more Satoshi? One major reason why people convert Bitcoin to fiat because of the absence of Bitcoin merchants or store that accept Bitcoin. You cannot pay a store that is not accepting Bitcoin with Bitcoin, can you? It is a no brainer. Do you think most of countries in this world accepting Bitcoin as a currency? only 2 countries right now accepting Bitcoin as a currency, while most of them accepting Bitcoin as a commodity, some of them ban Bitcoin completely.
I don't know where you live, so we're weren't know does you're using Bitcoin as means as a currency by purchase daily needs or just hold it like most people did. If you're live in a country where it's accept Bitcoin as a currency, I suggest you to visit China and try to buy something with Bitcoin.
Many country had tagged Bitcoin as currency but many of them do not accept it as legal tender. Others only accept Bitcoin as mode of payment where merchant can legally accept Bitcoin as payment. |
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As far as I know there are several factors that affect the standard of living of people. People stay poor because of these certain factors: - Economic factors
- Social factors
- Environmental factors
- Individual factors
- Global factors
Among this the one that we can help to solve ourselves is the individual factor. Aside from being in poor health and most of the things included in this factor such as education and personal circumstances can be solved. If we are able to educate ourselves and make ourself healthy, regardless of our family background, we are able to improve our status of living by finding better jobs (can be helped by educational attainment) and slowly make our way up to better living slowly. People tend to be stucked being poor because they are either lazy or incapacitated by health. Lack of knowledge and don't want to do anything to improve his state of living. |
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As Artificial intelligence helps and give you trading information, it can helps and give you information about bitcoin mining. But I do not know how accurate the information they can give.
Not only is AI completely inefficient for mining processes, a general-purpose AI like ChatGPT will do more harm than good for trading. Why not get an AI specifically trained on past trades to try to make better predictions... AI can have a specific function of enhancing the performance of a mining rig. Miners such as ASIC are created to mine, yes, but they need software for calibration. This is where AI can come in. By simulating different calibration set-up, they can help enhance the software integration to the mining machine for more efficient production of hash. It can also help in maintaining the integrity of the hardware by managing the the machine automatically. This way the mining rig can have a better performance and longer span of durability. Anyway,
Imagine if you have AI guessing a valid SHA256d. I hope you can already see, that it will be at least 1000x slower than just using an ASIC by itself because the AI will give a lot of wrong answers, because that's what the majority of the training set for crypto mining would be.
Integrating AI on a mining rig does not necessarily mean they will be mining themselves. As I stated, AI can help in maximizing the hardware mining potential and at the same time prolonging the life of the mining rig. This will help miners to have their mining rig a higher hashing power and slow down wear and tear. |
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The forum is full of people of different diversity, how do I learn things about bitcoin and also engage with everyone intellectualy.
I will be glad if I hear your opinions.
One best thing is to learn to read, and analyze first before you post. You may also need the help of the search function so that you can avoid duplicate topics and instead participate in the existing discussion of the said topic. Learn to know the forum rules and avoid things that are prohibited. Pretty much, it is not difficult to interact in this forum. |
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Banks being a business surely means they are in for profit. Those who created the banking system is somehow intelligent because they had created a system where they can earn money without using their own fund. Although this scheme is pretty obvious to people, people tend to embrace the system because they think that it is better to have a 1% to 2 % interest than just leaving the money idle in their home vault creating 0% profit at all. I didn't realize this until I got into Bitcoin and learned from the people who said our BTC wallet is our bank. Lending out more than they have must be profitable.
When FED was not raising the interest rate for a decade, banks must have been celebrating every day while they make money from those treasury bonds but now that bonds are not profitable, it's the depositors that are still affected and not them.
Honestly, I do not think holding Bitcoin made a difference from holding fiat money. And still thinks that it is better to use a service that can give us interest on our money. But in the current situation, since Bitcoin keeps on appreciating its value, we are very optimistic in holding BTC in our own wallet for profit, and I agree. Indeed it outweighs the interest banks offer but what if in the coming years, Bitcoin price becomes stagnant, can we still say that holding Bitcoin is way better in terms of profitability than depositing it in banks that give small profit? In case, I always think Bitcoin is advantageous in terms of sending transactions due to not needing a third party to process the transaction. But in terms of holding it, I do not think it is different from holding fiat money in our vault when the volatility of bitcoin somehow becomes stable. |
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Why am I seeing this as politics? Isn't it confusing when Binance had been announcing that they are doing their best to comply with the US regulation. Aside from that why is it that SEC is not the one suing Binance, or the IRS or the institution that is responsible for anti-terrorism law if they have evidence stated by @OP.
Isn't this issue has something to do with FTX demise? Either the goal is political or to squeeze money from Binance, it is really troublesome for the Binance users and it may affect the entire crypto market due to Binance being the largest trading platform of cryptocurrency if the case escalated and Binance failed to fix it.
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Casinos will always give in to the gambling community, if there are better options at other casinos that do not accept CBDC then gamblers will flock to those casinos, online casinos are both entertainment portals and business entities, it's the gamblers that make the money coming in, they can include CBDC but never to the point of replacing Cryptocurrency, there's no way the gambling community will part ways with Cryptocurrency and accept CBDC that's giving away privacy and letting them get tracked, there will be casinos that will not accept to what the government imposes on them.
I don't think that Casinos will prioritize the gambling community over the regulation. After all Casino operations are bound to the government regulation. So I think that they will give in to the gambling community as long as : 1. It does not breaks the gambling regulation implemented by the government. 2. It will not cause lost to their gambling platform. After all, casinos are businesses that is created to make profit, and avoid problems on government regulations. So their main priority is the compliance and profit. I would agree, that if CBDC is not yet fully required to be implemented by casinos and there is an alternative, casinos will take the middle path that will not oppose the regulation and at the same time give benefits to the users. About gambling community, they are already established even before cryptocurrency is created so we might see other community parting with cryptocurrency usage if the government pressure casinos on removing cryptocurrency option in their fund deposit. In the other hand, it is obvious that crypto enthusiast will always choose the option of using cryptocurrency to protect their privacy and may look for crypto friendly casinos to play. |
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I like the new "Moon Princess Trinity" slot, because it is a nice 5x5 cluster grid and the 3 Girls have different power modifiers that can quickly push you into a Free Spin feature, where they blow on all girl cylinders.  I played it for about 3 hours and it paid very well, but then it went quite.... and Love, Star, and Storm did not want to put out. The game’s volatility was in the lower to medium range, which is still pretty hard.  I also try to play this new Moon Princes Trinity, I think it is harder to get to the bonus round because it needs 2x triggers than the normal Moon Princess series. Moon Princess and Moon Princess 100 need only 3 triggers of 3 premium symbols or 1 trigger of 5 premium symbols while Moon Princess Trinity needs 6. The increase in multiplier in Trinity also needs to hit the highlighted tiles during tumbles to increase, unlike the normal one that increases every tumbles which means Moon Princess Trinity pay less. Clearing the grid is also a disappointment because it only gives 50x of the bet size even though it is quite easier to achieve due to tumbles always leaving a wild symbol. The bonus round also works differently, an increase of the multiplier does not depend on the tumbles but instead by hitting the highlighted tiles just like during the normal spins. Even though it is entertaining, I also agree that it pays less with the same amount of tumbles than the Moon Princess and Moon Princess 100. The most bonus retrigger I have in this game is 9 and at a multiplier of 19 which if happened on the Moon Princess and Moon Princess 100 could have reached 50x multiplier.
First off, I want to say that Live RTP is a nice feature, and it's great that we have it on Bitcasino.io platform. And it's great for two different reasons, almost contradictory ones, I would say.  On the one hand, when I see 24h stats like this  I think "Oh, everyone's winning on this slot now! I want to win too!" I also look for the live RTP and just like you whenever I see this huge RTP surge, I also think that everyone is winning and there is a huge chance that the game could have implemented their "sucking" moment to recoup the losses. But I would gladly play when I see the live RTP somewhere between 100%-170% uptrend, since players had not been winning that much. On the other hand, when I see stats like this  like for Tombstone R.I.P slot right now, I don't think "it's in a suction mode", like some gamblers would say. I think "People weren't winning on it for a while, so, Maybe it's time to give back a bit to the players, eh?" And I played the slot, and it did give a bit back:     But instead of all players it was me only. Sorry, guys. Good luck next time. Congratulations on the win, I would say it wasn't only you, I bet other players are also winning with this kind of live RTP downtrend. After all, gambling result is random so there will be always a player that will break the trend whether live RTP is uptrending or downtrending. |
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Current number of posts (including this one): 1320
Rank: Sr. Member
Merit earned in the last 120 days: 44
Willing to accept Full Member position.. if possible
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My query is: How will Bitcoin's volatility diminish over time, or what is the single biggest element that could result in a reduction in Bitcoin's volatility?
To diminish Bitcoin's volatility one must address the factor that affect volatility. And these factors are: - Securities supply and demand
- Geopolitical variables
- Factors of socioeconomic status
- An options contract’s expiration date
And the cause of price volatility - Seasonality and Weather
- Sentiments
you can read the explanation of each on this article[1]Now if we are able to control this factors and causes, we can minimize the volatility of the price of Bitcoin but the question is, can we control these factors and causes? Obviously no. So there is no way to remove the volatility of Bitcoin. The fixed supply may affect volatility but it is not enough to remove volatility of Bitcoin making it act like a stablecoins. In conclusion, Bitcoin will always be volatile.
[1] https://www.tickertape.in/blog/volatility/ |
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Not much to say here but if you are the one sending the transaction from your personal wallet, you can use RBF, and here is the tutorial how: https://www.youtube.com/watch?v=LdmoP4Ss1hU if your wallet supports RBF. IF you are on the receiving end, then you can use CPFP, and here is the video tutorial: https://www.youtube.com/watch?v=dUJyfz0QQXw. This only works if the wallet is fully controlled by you and not on any centralized exchanges. Those are the options you can do if the accelerator online failed to do what it promised and you have control over either the sending wallet or the receiving wallet accordingly. Else, you can just wait until the transaction is fully confirmed if you do not control both the sending and receiving wallet. |
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There, you understand it very clearly! It would be right to give clients the choice to withdraw funds (not necessarily to Binance and Coinbase) and decide whether to sell out at a discount or wait for what happens next. I don't have much money on FJ, but the very fact of such an attitude did not please me. I came to this thread hoping to see a coherent explanation of the situation from FJ.
I too understand point of view but they have suspended the USDC transactions so you can't withdraw or deposit it. If it was that they only suspended the gamblers from gambling with USDC, then it would have been a different case. Anyhow, I see that USDC is now recovered to 0.98 and it is a fast recovery. I hope it will again peg to one dollar and hopefully fortunejack resume the transactions. I cannot deny the fact that people whose USDC balance gone will be worried especially when scam of casinos happen everywhere. Fortunejack should have given a notification email to its users about the temporary suspension of USDC and at the same time should have given a noticed that due to the suspension, their USDC balance won't reflect. The way fortunejack tackle the USDC issue is somehow unprofessional even though we know that this Casino is proven to be reputable. This action made lots of USDC holder worried, and I believe FJ should at least make-up for the fuss created by the sudden suspension of USDC that cost a lot of worry from its user as compensation for the abrupt action of their management when all things is back to normal. |
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However I am thinking that if gambling is legalized, we would see a drastic reduction (not total elimination) in the operations of these rings. My reasons are that their activities will be carried out in a fair and transparent manner such that cases of frauds and scams will be eliminated as there will be proper mechanisms in place to prevent and protect the gamblers.
Culprits will always find a way to stay away from being monitored by the authorities. Of course they will try to hide if not their operation will be shutdown and the people behind will be arrested. Unless the illegal activity have some high official backing them. The good thing is, gambling being legalized will reduce the operations of the gambling rings as also you have mentioned too. The legalization should also involve people that keep supporting illegal gambling despite the fact that it's illegal.
The more number of established successful operations by the authorities to take down illegal gambling activities while at the same, responsible people that are part of running the said illegal gambling will be caught and jailed, is a good step towards the whole elimination bit by bit.
But legalization of gambling does not assure that these illegal activities will completely shutdown. It will surely decline in number but there will still some who will try to bypass authority and keep on doing illegal activities such as Gambling Rings. |
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Regulation may only take effects on centralized exchange due to untrustworthy level and if that happens I don't think it would be very easily for new cryptocurrency to emerge in the industry anymore because of the regulation terms. Have you seen the case of terra and FTX so if this happens there could be a better chance of securing investors funds creating a new wave for the cryptocurrency industry to gain more trust and reliability.
On the contrary, with the presence of regulation, trust can build up on cryptocurrency. It can boost the industry because people who are once hesitant to participate can now feel secure with the presence of the regulatory bodies watching or guiding the crypto industry. Although I myself don't feel that regulation is needed, but the presence of scam and fraudster that keep other people to adopt bitcoin at bay, I think regulation is needed for crypto adoption boom. |
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I agree that no bet is a waste. My reason behind is that every bet we have the chance to win. Just like betting in lottery, our ticket has a chance to win the jackpot price no matter how small it is. Thinking that a $0.5 bet can win more than $20k is a good reason enough to gamble such amount. And I think it is worth to try than letting the chance or opportunity to hit a jackpot since $0.5 can't make us any poorer but hitting $20k+ is a life changer especially to a gambler from a developing country.
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