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I store a tiny amount of coins on an exchange for when I need to quickly tap into my BTC stash, simply because I don't want to wait for tx confirmations whenever I need to do it (and don't pay fees and don't launch my cold storage setup), and I will likely skip participating in this flash mob, because I don't see any reason to do so. I trust that my exchange is not embezzling user's funds, and if I'm wrong, I will only lose the amount I can easily afford to lose.
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There are plenty of ways to turn your Bitcoin into more money.
1. You can invest in the bankroll of casinos like crypto-games.net and a variety of others
This opportunity became rare this days, afaik crypto-games itself closed public investments some time ago, and other gambling sites did it too. It was a nice way of getting profit from your coins - the returns weren't big, but they were relatively consistent, however, if your goal is to get more fiat, then it's risky since it's essentially investing in Bitcoin for long term, and not everyone is ready for that. |
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Running any wallet on an Internet-connected system with other software installed is just playing with fire - there's always a chance that some program, including kms activator or the system itself or some third party software, can be malicious and try to steal your coins in one way or another. Everyone should use a cold storage setup or a hardware wallet to completely isolate their crypto from potential threats and sleep well without worrying about malware.
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This goal would soon be actualized especially as Bitcoin is not too volatile and is widely progressing to be used as a universal settlement token for trading, to be used for contracts even between countries, organizations and persons etc.
Soon? It's been almost 11 years, why didn't Bitcoin become a global reserve currency already? At this point almost everyone has some idea about what is Bitcoin, including banks and governments and companies, and Bitcoin was usable since the first block, so there was a lot of time to start adoption it, yet it didn't happen. And at this age new technologies get adopted very fast, just compare what we had in 2009 to what we have today. |
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i don't think banks are there yet actually. they are still in the early stages of denial and resistance against accepting bitcoin and the fact that it is doing what they were doing in a lot better, safer, cheaper way without any limitations.
right now banks are either denying bitcoin is a thing or they are going against it so far as they even close accounts of their customers who use their account to buy bitcoin. in some rare cases that banks show any interest they are showing interest in the technology not bitcoin.
I think the vast majority of banks neither denies nor fights Bitcoin, they actually ignore it because they don't see any data that could show that Bitcoin is a threat to them. They don't see their users massively abandoning them in favor of Bitcoin and they don't see users doing crypto-related transactions, so why should they take any stances on crypto, especially if the overall adoption is still so low. It's better to just wait and see how it will unfold, and then act accordingly. |
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Thank you guys for the Christmas gift, it was really awesome! This is the first time I saw a company gift its users something tangible rather than discounts or whatever - and the gift was also pretty generous. Merry Christmas to Crypto-Games and all the players!
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Crypto will make some communities more dangerous. With bank cards it's harder to rob someone, because there's a lot of countermeasures like withdrawal limits, added personal verification, and the victim can freeze their card at any moment. But crypto is much like cash, which is why we hear about armed robberies, home invasions and even kidnapping involving crypto. If everyone adopted crypto, criminals would have a much bigger pool of targets. This doesn't automatically mean that there would be more crime, but it can happen if other factors are there.
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Fiat that we use every day has likely at some point been used by criminals, but no one runs around taking cash from people's wallets. This obsession with virgin bitcoins is just a paranoia, people are ready to pay a premium to sleep well at night, it's their choice, but smart people would just use mixer if they feel like the coins that they received might be dirty.
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Thanks Patatas, Making sure that a bot will not access to the game is actually not that complicated, (I could trigger a captcha each 5 min, or randomly during the game) my concers is what other users mentioned, third party software where you can input current state of a board and the user would just copy that over to the site, how could I solve this issue?
I saw some comment of a guy in chess.com proposing a solution.
If a user always does the "perfect move" then it might could indicate that the user is cheating, but could it be the case of a real user making the perfect move always in row? whats the chance of that happening?
Anyway I'm happy to see people supporting and liking the idea, but I need a solution to the mentioned above
Captcha doesn't protect you against bots, it just makes it slightly costly to bypass it, but when money are at stake, it's absolutely worth it to do so, you can buy thousands of captchas for a few bucks. And as for people cheating, you really can't prevent it, and because of that the game isn't fair, it's probably better to do to a dice site that has an edge, but is open and verifiable about it, instead of risking getting cheated on in a pvp game. The only solution is to choose/create a game that doesn't have any AI that plays it better than humans. |
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Then I'll keep waiting for as long as it takes to encounter a new bull run, there's a very-very high chance that it will happen, we are significantly below the ATH, adoption is increasing, new capabilities are being added to the network, supply is fixed - all the fundamentals are there, you just need time and patience to see big profits.
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What will happen if crypto vanishes overnight or due to some or the other reason if crypto becomes inaccessible to public? I know this does not make sense as crypto will not vanish but still what if it happens? What about those huge chunk of investments made by whales and other investors?
If it vanishes then it vanishes, people will have to move on and deal with their losses. It's a bad idea to go all-in on one single asset, and people who hold a huge portion of their net worth in crypto will be seriously rekt. But you question is a bit too vague, there are many scenarios when crypto "vanishes" - it can be due to a nuclear war or cryptography getting broken or something else, and there can be different outcomes in long term. |
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It seems to me that institutions, companies and other organizations worldwide are paying their attention more on Bitcoin than Ethereum, Ripple or any other cryptocurrency out there. I mean that they're laser-focused, because it's the mother of all cryptocurrencies.
They are focused on Bitcoin because it's the best performer, simple as that. They don't care about the technology, decentralization and all that stuff, alts were hyped because they showed great performance, they looked like the next cool thing, but now that their bubble has popped, many investors have already jumped the ship. |
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As of now, the Chinese control 51% or more of Bitcoin's hashrate allowing them to destroy the pioneer cryptocurrency in the future if they desire to do so. (take a look at this research article here.) They can't destroy Bitcoin with 51% attack, they can only do DOS attack at the cost of millions of dollars of wasted electricity or disrupt the network with forks. But they won't win this fight, sooner or later they will have to give up, and everyone will see that Bitcoin can not be successfully attacked for long periods of time. The government or whomever will be behind this attack will only makes themselves look weak by trying to stop Bitcoin and failing. |
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I always thought that a stable coin was needed because investing in the crypto world would be needed to hold our funds when not investing or daily trading. so I think stablecoin solves the problem when holding our funds when the market hasn't given potential yet
Then just sell your coins for fiat and withdraw them to your bank account - it's safer than any stablecoin, because they are both centralized companies, but banks are at least regulated and need to uphold their reputation, while stablecoins are risky startups that can go poof any day. Maybe stablecoins have some merit when it comes to transactions, but for hodling they are really a poor choice. |
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@Hatshepsut93, you have every reason to doubt the article because most of the articles writer of these days just want to gain more traffic, make name and earn some money but have done an in-depth search and i find out that this article seems to be real because the Ukrainian government are truly working towards the legalization of crypto currency but I don't know when it will real happen. Source "Working on" and "crypto is not legal" are two very different things, there's no guarantee that they will finish their work, it's actually has been going for years and multiple laws have already been drafted, but the parliament didn't even vote on them. And the new government has made a lot of promises and still not delivered on them, for example they said they will legalize gambling, but recently failed the vote, despite having a majority. |
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Seems like the price has mostly recovered today, so the recent crash was just a panic and manipulation rather than something fundamental - and it would have been really surprising if some Chinese Ponzi could have influenced the price for a longer period of time. The lesson here is as usual - do not let sensational news affect your trades, look at the long term.
Medium-term we may see the price heading further downwards with this new low. And the price only recovered to where it was a week ago. 30 days ago it was $1k higher. Right, I too think that the market will continue do be bearish, but it's not going to free-fall, and it's probably not going to go down much further than 6k or high 5k. The last bottom was at 3k, so we are currently close to another bottom, if we extrapolate the chart. These ponzi news are just a fluctuation, it doesn't matter much even on medium term. |
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the silver lining: this is what bottoms look like. bear trolls abound, FUD and crash predictions everywhere...... this is textbook stuff. the bears are celebrating because there's blood in the streets. what's the old saying about that?  "Buy when there's blood in the streets." -Baron Rothschild I think trolls become active every time there a big sudden downward movement, so we aren't necessarily at the bottom yet. I still scratch my head as to why they do this - are they just paid shills, or enjoy creating panic, or do they legitimately believe at what they say? But regardless of reasons, they are objectively wrong, and it's clear to everyone who isn't a complete beginner. |
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Is it Bitstamp price, cause that still important as we follow Bitstamp for the game?
I'm using coingecko price since that's what I'm familiar with, I'll see if Bitstamp has a public API and update if possible
Sweet, I'm in 56th place.
Also, I will add the rank positions so it will be more clear what everyone place is. I'm open to more suggestions if anyone has some. Also, fellow coders can contribute at https://github.com/Tiramisu77/bct-game-leaderboardEdit: done and done |
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I have created an auto-updated leaderboard page for this competition - https://tiramisu77.github.io/bct-game-leaderboard/It takes the entries from the second post of this thread, calculated the delta - how close the prediction is to the current price, then sorts the whole list and displays it, with each predictions delta added as a second column. |
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"Bitcoin goes down because of holidays" is a myth, it doesn't make sense, what kind of investor sells their assets just because it's holiday? Have you ever seen this happening with other markets, like gold or stocks? No, it doesn't happen with them, so why should it happen with Bitcoin? It's true that we have more retail investors than on traditional markets, but retail investors don't go 100% on Bitcoin to the point when they have to liquidate some coins when they need to spend money.
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