Its pretty crazy how many people believe what Arthur Hayes is predicting about the future price of BTC and they basically blindly follow him. From what I recall he made like 3 predictions in the past.
First one was during 2018 when he said it would go to like $50K or some crazy figure. Then at the end of 2018 or beginning of 2019, when BTC bottomed he said something like "winter is not over yet" meaning there was more bear market to come.
He sort of got his last prediction correct, was sometime after April 2019, where he predicted something like $10K. Which actually happened a few months later.
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What you should do instead is just release a closed source miner software for your +50% speed up XMR mining and just charge a 1-2% fee, since your miner will be the fastest you will get the most miners and hence more revenue.
People are suspicious because you are a new user on here and people don't want to run closed source executable files in case you try and steal private keys from their computers. I guess some people can only run it on their dedicated miner rigs which got nothing but miner software and drivers but some people would still be cautious. Lots of scams going around.
Maybe find someone to do the escrow first and that would provide assurance of some sort that they aren't going to get scammed. However you should just release a closed source miner because it would make more sense.
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I think what would of helped that day is if Bitmex had more than 1 period daily where it processes withdraws. Because at one point there was a $400-$500 spread between bitmex and spot exchanges.
You could buy on Bitmex for like $4000 and sell on Coinbase for $4500 and wait a day and receive the difference as profit. This was good because it filled those long liquidations by buying into those $10M walls and prevented BTC from falling further.But what you said was correct, there was only $12M in bids because why would anyone put in a buy order at $1000 when BTC is trading at $8000, seems like a waste of an order. Hence as time went on and bears noticed they were up like 50% in their short, they started to close their positions and helped eat those $10M walls and eventually they were all filled. It was a crazy day. Probably craziest trading day ever for me.
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These days everybody is getting out of mining and they are selling all their mining gear really cheap. Currently with $0.10 kwh power you make $0/day. And this is the industry average. Many have power above that figure.
So go on your local craiglist and you will probably find those of cheap mining mobos that people are trying to get rid of. With mining motherboards usually gamers never buy them because there is no demand. Hence the prices will be very cheap. Hence there are many GPUs, PSUs, motherboards, low end CPUS which are really cheap.
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Tested on Safari + Brave on iPadOS, loads fine. One thing, perhaps you might want to strengthen the password requirements? Instead of 2/ 3, make all mandatory, or add a symbol too. That way, not even Satoshi can hack iPadOS means its an iPad and generally many website which aren't mobile versions have no problems loading the entire site on an iPad, because unlike a phone, its easy to navigate the entire page since the screen is much bigger. I am wondering if anyone with a newer phone and newer iOS can see if it works. I tried to clear cache but it still doesn't load, I had this issue before on many of these gambling sites and usually doing a quick history clear, and it will start right up, however for Satoshisquares it still doesn't load. So if the admin wants to investigate there is some emulator you can use and it can pretend to be an iPhone and see if you can get the site to load on that. If it still doesn't load then maybe its an issue mostly with iPhones or with the Safari web browser that is included.
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The issue is where its headed, remember that nasty bitcoin crash that we had last month? Well most of the supply cluster is in the $8K area and this will be a tough price to close above, if we get a close above then we can easily head to $10K.
The 8K is significant is because its where some large shorts were opened, and its where most traders are looking to re-enter their short position, it has a great risk/reward. And also if you look at the chart, it looks like a massive bear flag at the moment.
Been wrong before but I think we will top at $8K and then retest the $7K area before heading higher or lower.
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Go to, https://whattomine.com/Put in $0.065 as your electricity costs, select RX 570 as your main GPU. Currently with your power costs it nets a dime a day after electricity. The RX 570 8GB is probably your best bet since your budget is small. You can get them second hand on eBay or Craiglist for like $100. So get 6 of them for $600, add a $200 PSU, add a motherboard+ram+cpu+ssd for $200 and maybe $10 for some wood and screws for your wooden openair case and you are at $1010. So you can build maybe 2 of these rigs for $2K. So $0.10X12GPUs= $1.20 net profit per day. Will take almost 2000 days to ROI, or maybe 1000 days if you resell this equipment in the future. Its your decision if its worth it. That's assuming also that they have a low power cost of 6.5 cents per kWh. I live where wind power is very common and it's still almost 9 cents per kWh. In the close city, it's about 10 cents per kWh. Most likely op will make nothing. I get it was theoretical but something for everyone to understand. Also the 2k days for ROI I get your point of not being reasonable. Miners should think of future value. He did state earlier that it was his electricity cost, which is considered below the average. I think the average is like mine 10cents and its not worth mining currently. And there are some places where its like 20-30 cents such as certain european countries or maybe Hawaii in the USA. In my opinion this topic should just be locked because when I first replied I didn't notice that the OP hasn't replied since Feb 22 and most likely won't come back. Then all of a sudden it was pumped by some newbie and people started replying again saying the same stuff pretty much.
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I tried accessing this site on an iPhone 5S (yes I Know old) using iOS 10 and it just shows a blank screen, doesn't load at all. This was with Safari which is the included browser with the phone. I noticed somebody earlier didn't have any issues with their android phone so I am surprised it doesn't load for me.
There are still many people out there with phones older than an iPhone 6 and you are missing out on potential traffic if the site doesn't load correctly on their mobile device. I am assuming that 50% or so people these days just play off their mobile devices and not on a traditional computer like an PC or laptop.
Either way, the site looks good. Keep up the good work being an active dev and you site should become more and more popular in the future.
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WavesPlay.com has crossed 500 Bets made - Thanks for playing! Added Lider. Congrats on the milestone however your site is pretty well done and I am surprised it doesn't have more active users. I think it might be due to the fact of the low market cap of WAVES. Its pretty sad that ETH is the only one of these alt-coins which is taking off while other projects are suffering. LSK is also another example of a similar coin however its market cap and usage is suffering. I remember back when these coins were released, they were suppose to over-take ETH however due to lack of marketing I think its why they have very little value these days. Since you are already called WavesPlay I am assuming you can't add another coin (not wave token) since it wouldn't make too much sense. I think if this site was launched back in 2016-2017 then it would be very active then, people were seeing big hopes and dreams for the waves platform and it would of been a great competitor to ETH back then. Either way, good luck in your site. Hope it becomes more active.
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Today is a good example of why you should avoid buying any stocks that look cheap. For example DAL (Delta Airlines). Pulling up the weekly chart it looks like a great buy. Back in Jan 2020, it was $60 a share, and it had a low of $19 and currently at $22. So seems like a good way to make at least 3x your money, right? I mean there have to be air planes because people need to fly.
Now today the SPY and DOW30 rallied about 7-8% or so. Its was an amazing day for bulls. And if you look at many stocks, they all rallied about 10-20% or so. However DAL closed at 0.7% loss. Why is that?
Also add the fact that Warren Buffet bought this stock in Feb for $45 and sold it for $24 last week. Why is he selling?
Hence why sometimes you need to becareful because it doesn't always go back up. Remember GM?
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snip
The way that market makers work is they keep the price constant between the spot and derivative exchanges if the funding/futures is near flat. So to prevent a huge arbitrage event the market makers who got accounts on the index spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they buy/sell to keep the index the same as the mark price. So if there is a huge dump on fake leverage, they will follow and that's why its dangerous. Until they run out of coins on spot exchanges and the algos shut down. This is why Bitmex hit the $3,500s when everyone else was in the $3,800s or $3,900s. There was not enough spot selling liquidity to keep prices in line. This is where your whole "everyone will follow Bitmex to $0" theory breaks down. Bitmex can go to $0. Other exchanges would just ignore them. Most of the selling on Bitmex was due to long liquidations and it hit a low of $3596. And if you look at the spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they hit a low of $3913, $3901, $3850, and $3858, respectively. So obviously the spot exchanges were following Bitmex.
That's not obvious at all! It's not how causation works either. That only means long liquidations and lack of liquidity were causing Bitmex to diverge from spot exchanges. When derivatives diverge from the underlying, it's an obvious sign of problems on the derivative side. Basic logic says Bitmex XBTUSD follows spot exchanges because its underlying price is based on a spot index.Here is the thing, with Bitmex you can only withdraw once a day. So most likely the market makers did run out of coins to sell on spot exchanges and most likely shut off their algos. However what would of happened if they processed withdraws multiple times a day like most exchanges? Their algos would of been left on longer and they would of provided the missing bid liquidity and maybe prevented this crash. Maybe the issue for this is that they need multiple withdraw windows, especially for their market makers. Also I think these days that most exchanges follow Binanace, it seems Coinbase has low volume most of the time while Binance USDT pair seems to be leading the market. Kind of like how Bitfinex was the market leader a few years back.
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That exchange might be a scam however there are times when there is a large premium for BTCUSD on a different exchange and its usually due to the difficult way of getting the money wired into the country or getting it wired out.
A few years back there was a huge premium for the South Korean markets (I think) and after much investigation, it was discovered that it would be very easy to sell the currency in the country but it would be very difficult to actually withdraw the funds to send back to your account to buy back your BTC. Hence why the premium existed for months. So keep in mind if there is a huge premium, there is usually a reason why.
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It does hold some value. You should just make an ad on Craiglist and sell them for $50. Advertise that they are for hobby experience only and will never yield a profit. And you will be surprised that eventually somebody will buy it. Either someone who wants to try out mining or someone maybe with some free power.
Suprisingly since the gear is obsolete you won't get any issues with low-ballers since this is not a $2000 ASIC that people will offer you $1200 for, its already at the end of its depreciation curve. I did this and never had issues. I warned people that they will never ROI their money back and they understood. So if you got free time then just try the Craiglist route. eBay would work however the shipping costs will kill the deal.
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Arbitrage is not legal. It just way of trading where the trader takes the advantage of the spread available in different exchanges. This difference in price can also be coz of the buy and sell volume available at that exchange.
It is not that arbitrage is very hard to do. There are very rare opputunity to get the difference but, there are bots designed that detect the differences. If you have problem with any exchange for deposit and withdrawal then you can exclude that for arbitrage as arbitrage is done in very small time window.
Did you make a typo and meant to say "Arbitrage is legal" instead of "not legal" because its not illegal. And most exchanges actually want you to arbitrage because it provides a tighter spread and adds liquidity to the market and more volume for the exchanges. This is actually why exchanges in general charge you a lower fee or pay you a fee to be a market maker instead of a taker, because they want the added liquidity to make sure there are no crazy spikes on their exchanges. So you are allowed to do this, however without a large capital across many exchanges and programming experience its very difficult if not impossible to do manually.
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We will see within the next month or so what will happen with ETH and the global markets in general. Keep in mind the infections are still rising with no vaccine or slowdown in sight. Hence the peak will be in April or May and by then the stock markets can crash again.
The issue with stocks crashing is that BTC usually follows and if BTC follows so will ETH. BTC probably will have more bidders and support than ETH, so ETH can go below $80 while BTC can stay above $3K.
Until the numbers start to go down and flatten the curve in most western countries, its unknown what next week can bring.
Depending on the situation of covid-19 because if this epidemic does not decrease, the world economy will continue to be destroyed and many large companies will soon go bankrupt. The crypto market is also suffering greatly, but this is also an opportunity for you to consider investing because there are many cheap options for you during this time. Of course, ETH can completely fall to $80 again and this is a good time for you to invest. Currently the numbers are going to keep rising until maybe end of April or middle of May, the way they are rising at the moment makes it seem like this won't end this week or next week. The market already knows this. This is why when the situation in the USA got worse, the employment numbers were horrible, the markets traded sideways and not down like they were suppose too. However keep in mind that this could be a big bull trap before an event bigger market crash and what will happen with BTC or ETH? Most likely will still start falling again. Hopefully there are less longs on leverage this time and we won't have a black Thursday like we did last time when we hit $3500 or so. The situation is worse for ETH because its not as strong as BTC and most people are underwater on ETH and BTC most people are in profit.
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snip
The way that market makers work is they keep the price constant between the spot and derivative exchanges if the funding/futures is near flat. So to prevent a huge arbitrage event the market makers who got accounts on the index spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they buy/sell to keep the index the same as the mark price. So if there is a huge dump on fake leverage, they will follow and that's why its dangerous. Most of the selling on Bitmex was due to long liquidations and it hit a low of $3596. And if you look at the spot exchanges like Kraken, Gemini, Bitstamp and Coinbase they hit a low of $3913, $3901, $3850, and $3858, respectively. So obviously the spot exchanges were following Bitmex.
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its not fair, and y'all appear to be paid bots or persons on behalf of freebitcoin site, i have played a true fair random number from random.org on a 1 - 10000 range for 6 hours, and i never got a streak of even 8 loses (under 5k) or a streak of 8 wins (above 5k) have u ever won 30 times? if the probability is almost the same, then some day you could win 20 or 30 times, but this wont happen!! never!!, bullshit, anyways i wont bet again.
Before you try another dice site and call it a scam because you ran into a huge losing streak, learn how to verify your bets and you will see that its IMPOSSIBLE for dice sites to cheat you. Do you know how hashing works? Its basically a one way function. Very easy to hash a function but near impossible to do it in reverse, this is why bitcoin and banks are so secure due to SHA hashing. So before you bet, look at your server seed, its hashed , you don't know the unhashed seed yet, then bet a few times, and when you are done, request a new seed and you will be given the unhashed seed of your last round. Then put that seed in some script and it will show you if you were cheated and 100% the bets are fair. Its impossible for the dice site to cheat you, you just lost due to high house edge AND bad luck.
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I am seeing this question being asked pretty much everywhere on the web, even got some friends calling me and asking "What stocks should I buy".
I noticed that with my stock brokerages I use, they are posting warnings such as "Due to extreme volume your support will take longer than usual" and looking at Google trends for "buy stocks" you will see its at a record high, higher than 2009 bear market.
So I am thinking that since everybody is buying stocks, that they will go down in the near future and you are better off waiting for a better time. If you follow the S&P500 or DOW30, then it should hit yearly support when its about 50% from the ATH, at around 1600 SPX or so. So wait until then... and buy.
Avoid stocks which are too cheap like airlines or cruises, they are cheap for a reason. Most likely will go bankrupt and shares will be worth $0.
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Go to, https://whattomine.com/Put in $0.065 as your electricity costs, select RX 570 as your main GPU. Currently with your power costs it nets a dime a day after electricity. The RX 570 8GB is probably your best bet since your budget is small. You can get them second hand on eBay or Craiglist for like $100. So get 6 of them for $600, add a $200 PSU, add a motherboard+ram+cpu+ssd for $200 and maybe $10 for some wood and screws for your wooden openair case and you are at $1010. So you can build maybe 2 of these rigs for $2K. So $0.10X12GPUs= $1.20 net profit per day. Will take almost 2000 days to ROI, or maybe 1000 days if you resell this equipment in the future. Its your decision if its worth it.
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I have some D3s and one A3 machine, yes I know, it wasn't the smartest decision to buy them at the time... but that's life... Is there a way to re-flash the boards with some firmware to make them profitable again, on some other algorithm?
Never owned a D3s or A3 so not sure it applies but certain Antminers can be undervolted either by firmware or by some "pencil" mod and you can undervolt the chips, lower the frequency and you can mine at a slower speed but with a more efficient and quieter setup. I actually had no choice but to run a Antminer S4 at 60% of its advertised speed because I couldn't stand the noise at full speed. I undervolted it to the max and lowered the frequencies and it was basically as efficient as an Antminer S5. Regarding reflashing to mine a different algo, its impossible. You can do that with CPU, GPU and FGPA mining but never with ASICs. Hence why they become obsolete so fast in the crypto world.
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