If that's what it takes for OP to learn a very precious lesson not just in crypto but in life in general, then so be it. He/she must have thought the 1 BTC is real because it looks like it is already within reach. After all, he/she can already see it in his/her account balance. And that's a lot of money.

Well, lucky for the OP, it seems he/she doesn't have 0.02 BTC to spare.

I'm not so sure of this. I wonder how the word yobit is considered generic.


That's pointless. If you ask them that, you will most probably receive the same response from them, specifically that they need to get that 0.02BTC from you first as a form of "external wallet verification procedure."

Please, don't expect anything from this scam! This is 100% scam! Please don't fool yourself! You want to have 1 BTC, either you buy or work for it! But never ever expect that it will just just be given to you as if 1 BTC is just a piece of rock. Quite frankly, it is easier to have someone so beautiful falling in love with you out of the blue than a whole 1 BTC given away to random people.

Personally, I think there is enough reason to believe that Bitcoin's price is going to climb up to $100,000 or even beyond in the coming years. It is basic arithmetic for me.

There are almost 8 billion people in the world right now. There are only 21 million Bitcoins at the maximum to be reached around the year 2140; the number in circulation is lower. Around 1% of the world's population owns Bitcoin. And the price is already at around $17,000. I think we can logically deduce from this that Bitcoin is indeed undervalued.

However, that's only the mathematics' side of things. There are many factors involved in Bitcoin's continuous growth or death.

Nobody has mentioned TradingView yet. I guess it's worth suggesting if you are planning to immerse yourself a little deeper into the technicalities of crypto trading.

They have a demo platform for those who wishes to learn charting. As everybody knows, coming up with a reliable technical analysis is never easy. But it's more or less a must if you wish to be a profitable day trader. So you might want to get yourself familiar with all kinds of charts, technical indicators, smart drawing tools, and so on. This is offered by TradingView.

Too many questions. Anyway, one of the reasons why there is inflation is that governments want people to spend their money. You need to spend today because tomorrow the prices will be rising. As a result, the economy is very much alive. People are spending now because the prices of the goods and services are constantly increasing.

Deflation is the opposite. That basically means the prices of goods and services are decreasing. This is not preferred by our current financial and economic systems because people might put off purchases because they want to buy goods and services cheaply. As a result, money would circulate less and slow and the economy might not move.

It's not just those selling luxury goods who could benefit from the Bitcoin price surge. Everybody could. Of course, the primary beneficiaries are those who own Bitcoin themselves. Now, if some of them would decide to use some of their Bitcoins to buy goods and services, then those businesses accepting Bitcoin payments would also be beneficiaries. For sure, a lot must have been happily spending a portion of their Bitcoin after the recent price rally. To a certain extent, the economy in general has actually benefited from the recent Bitcoin price surge.

There are advantages and disadvantages in both life betting and betting in advance.

However, take this situation for instance. Suppose you are very much convinced that Team A will win over Team B because, as you've said, sometimes it is very obvious which team will come out the winner. One way to bet on your team with higher odds and therefore bigger profit is to bet live. You wait for that exact moment when the opposing team is ahead by some points or appears to be keeping up with the other team's performance and place your bet.

I would say we don't have enough exchanges, or at least decent exchanges, even until today. The market is still relatively small but the exchanges are also as limited. There's so much room to grow in terms of services provided by exchanges. Many times have we heard of people complaining and nagging against the kind of services even from the top exchanges such as Binance and Coinbase. If this happens constantly, then perhaps there is still a thousand reasons for any developer able enough to create something to compete.

The controversial Bitfinex which was hacked with the equivalent of at least $2 billion in today's Bitcoin price is still at the top 5 as per CMC with $1.5 billion in volume. The old Bittrex and Poloniex which were also peppered with customer complaints are still enjoying hundreds of billions of USD in daily volume. Bithumb was raided at least a couple of times in less than a week and has been facing lawsuit and yet it is still enjoying more than a billion of trading volume. Even the more controversial HitBTC has almost a couple of billions in daily volume. And who hasn't heard of the shittiest of all shit exchanges, YoBit? Well, it is still very much alive and kicking after all these years of scamming and still has tens of millions in volume.

Incidentally, just yesterday I withdrew my Bitcoin from another unknown exchange, Beaxy, with a terribly high withdrawal fee of 0.00075BTC. But I still wonder why people are not ditching it altogether. It still has a volume of no less than a couple of millions daily. Now, if you tell me that all these figures are fake volumes, then that is perhaps another reason for a developer to come up with at least an honest one.

Every shit exchange operating today is enough reason for developers to create a better exchange.

Not everybody can make it to Wall Street. That's probably the dream of a lot of promising graduates, to be with the kings who play puppets out of presidents and rulers. It is where money abounds, after all. But the place is not welcoming.

Unlike the Wall Street, Bitcoin is open to anybody who wishes to enter. But it doesn't particularly choose the poor because it does not discriminate. Rich and poor alike are welcome to join the Bitcoin community. There's always a place for everyone.

However, and quite sadly, if the people of Wall Street enter the world of Bitcoin, they will probably still have the upper hand.

This is obviously a Golovkin fight, but I probably won't place a bet on this as it seems the betting odds so far are not enticing enough. As quite expected, GGG is the huge favorite and the largely unknown Szeremeta the underdog.

An ML bet on Golovkin winning the fight is only at 1.03, at least as offered by Bet365. That doesn't sound worth risking at all. So far, I haven't found odds on Asian total, winning method, or round range. If I do find some nice odds on these, I might also bet a little amount.

Nice description from Shane Oliver. Well, a yo-yo is to Bitcoin as a falling stone is to fiat. It is crystal clear that in terms of value a yo-yo is much much better than a falling stone. Volatility is not to be worried about that much.

Mr. Moya is also correct that "traders need to expect $1,000 swings in a matter of minutes." But that, too, could be leveraged to their advantage and may indeed be worth appreciating in the end. Traders just need to relax when the yo-yo disc is at the bottom because it will go up eventually. That's part of the beauty of Bitcoin.

No, we are not in this together, although somehow it gives us a little confidence and comfort that the price won't be crashing as hard as before since the institutional investors are here. They have billions of their USD worth staked in Bitcoin. They would never allow Bitcoin to just freely fall down so hard.

But, lest we think these wealthy elites are also watching after our welfare, they will actually just come and go. They could get out anytime if they already made a good profit from Bitcoin and may shake the whole market in the process. If retail investors independently buy and sell Bitcoin, the market won't react that much. But it may only take a couple of institutional investors to dump their Bitcoin holdings for the entire market to suffer a terrible blow.  

They have their own bases in releasing such prediction. Personally, though, I think the recovery phase is about to start late this year or early next year. Moderna's COVID-19 vaccine is said to have reached 95% efficacy. Apart from that, Pfizer is also announcing that their own COVID-19 vaccine is also 95% effective. These are giant breakthroughs considering that we have been more or less blindly battling against the virus for the past 1 whole year at least.

This brings in the much needed confidence and boost which will certainly affect the economy as a whole. So I guess the restrictions will start to ease up in the weeks that follow. And the business community will start making profit.

As regards politics, I guess the earliest days of a new administration bring more good tidings rather than bad. I believe a fresh start of an administration who is just freshly chosen by the majority affects the economy positively rather than negatively.

It all depends on how you perceive it. How you look at Bitcoin's price movements is subjective. What is objective is the fact that the price of Bitcoin is rising and falling all the time. Whether you are optimistic or pessimistic based on the movements is all up to you.

Based on your figures, you could argue that despite the low points there are always high points that counter it. However, you could also argue that despite the high points things could still end up in the low points. You say Bitcoin was $216 in the opening of 2015 but ended up at $464. But it is also true that Bitcoin opened the year 2018 with $17,635 but closed it at $3,164. 

Accessibility does not have anything to do with the price. Bitcoin is always within reach to anyone who wishes to have some. You can always buy it from a lot of sources. Whether Bitcoin is priced at $10,000 or $20,000 does not imply easier or harder accessibility. Perhaps Bitcoin accessibility has something to do with different regulations and laws of countries. Other countries are more hostile to Bitcoin than the rest so accessibility is more difficult in these areas than in those which are more friendly and welcoming to it.

This is another lesson about the growing state of globalization. The world has become a single community. It has figuratively shrunk into a smaller place. One person could be on different countries and continents in a single day. An infectious virus may spread all over the world very rapidly during this advanced times.

China detected the virus earlier than other countries. And it got busy responding to it. While other countries are observing the rising of the pandemic in a remote country, the virus has actually been fast spreading right at their own backyard. Italy was caught by surprise. Spain had the same experience. Who would have thought that a virus coming from one place in a far away country in the Orient could suddenly be found at your own doorstep in just a blink of an eye? The next thing you know, a citizen of yours is already killed by it.

If you are planning to sell them to fiat, then you are good to go because you've already made profit. It doesn't matter anymore how much value they have in BTC because they will still be converted into fiat anyway. But do you need to sell them? If not, I won't if I were you.

My personal standard is that prices of altcoins should be based on Bitcoin and not on fiat. That is why I hate it when coinmarketcap and coingecko and others are listing coins in their USD prices by default. I don't like it because the goal is not to make gains in USD value but in BTC value. Incidentally, if you are a trader of altcoins and BTC, you do not celebrate because your portfolio's value has increased in terms of USD but because it increased in terms of BTC.

Truth be told, I'd rather be losing in USD but gaining in BTC than gaining in USD but losing in BTC.

There used to be a time when people made decent profit out of the spreads but it is not hard to notice that arbitrage is less becoming interesting and popular these days. It must have become a lot harder a way to make money. So if you are really "trying to find out genuine ways to earn," I don't think arbitrage is the way to go. You are better off learning basic trading.

If you are looking for long term crypto investments, you are always in good hands with Bitcoin. But you have to realize that we are already currently approaching a new ATH. You may decide to invest right now but you also need to brace yourself for a possible deep retracement sooner. However, you can almost be sure of another round of Bitcoin bull run in the months to come.  

WPN is not a single site where players play poker. From the name itself, it is a network. So it is basically made up of several poker sites. Some of these sites are actually accepting Bitcoin deposits. I was wrong in my previous post. So not only are they offering Bitcoin option for the payout, at least 3 of them are also offering Bitcoin deposit option to their players.


Of course they are always making revenues. There is always a certain percentage or rake taken from the pot of each hand.

Correct me if I'm wrong but at least the excerpt of the article quoted in the OP does not say that gamblers are using Bitcoin in playing poker. They are making dollar deposits to the site and played with it but then demanded that the payouts be made in Bitcoin. So I guess there is no Bitcoin inflow and the site is earning in dollars and then use a portion of it to buy Bitcoin for their patrons' payouts.

And also the site is offering poker games which means it has regular revenue coming from rakes or commissions. It is not like players in the site are going up against the house.