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You are kind of right here. You shouldn't just look at appearance and start judging. Things might look all flashy and great, but that doesn't mean it is a legitimate business. Like you said, scammers will hide behind those appearance, gain users trust, and then in the long run end up scamming everyone without anyone noticing. But still it's not always true. You should be doing your own research about the business and the people involved with the business before collaborating with them or anything.
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Bitcoin will never have a stable price. It's not a stable coin with a fixed value. Since the supply is limited and the demand (infinite) keeps on increasing and decreasing, the price will always be volatile. I guess in the near future, as more people start to use and adopt bitcoin, the prices will be less volatile but still movements will be seen now and then.
Even if bitcoin does have a stable price, not everyone will want that. Those who invested in bitcoin for making profit will probably leave the market while others that wasnted to use crypto currencies as a regular currency will enter the market. But then again, aren't they already in the market using one of those stable coins?
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He particularly chose Black 15 for $10K on roulette which he could have won $350,000 but a friend took the $10K and replace a safer bet. I know this is likely not to happen in real life. But let's say it did. What would you do? https://www.youtube.com/watch?v=fT4GcK6DpkkI was trying to look for Kevin Hart movies on Netflix so I found one. Turns out one scene is an unsatisfying win. Well you didn't lose $350,000, you lost $10,000 only. If you are going to think this way, every time you place a $1 bet in slots and lose, you may as well say you lost $10,000 which isn't true. Maybe yes, you can say that you lost the chance of winning $10,000, that would make more sense but still weird. Well, if that is something that happened to me because of my friend, I guess we both would regret and laugh it off. I am sure he is feeling much more shittier than me. But things like this never happen in real life. Once you place the chips, there is no taking back. |
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Want to take risks? Try day trading. Take advantage of the volatility and make profit. But remember, there is a chance you will lose more than you could make if the market is extremely volatile. The risk free (read less riskier) way is to invest and to hold long term. The more the price goes down, the more you invest so you can maximize your profit. But only invest money that you can afford to lose and you won't be needing for a long term. If the market goes down and you can't invest, then at least don't sell so you don't make any losses. If you are holding good wellknown coins, chances are you will be making some nice profit in the long run.
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Recent fall of FTX shook the crypto ecosystem Also It has come as a lesson for crypto world, though an expensive one.
There are many crypto assets that are currently in the market and are backed by nothing. This has shown that when it becomes too risky to invest in shit coins and why we should avoid it.
Moreover it's becoming clearer that in future a lot of shit coins are going to fall on their face and wipe out from the system.
The fall of FTX also showed the lacuna of POS as well. While ethereum moved to POS. I believe it has in one way or other affected the crypto ecosystem to lead to this fall.
Believe it or not the future is of crypto regulations. The thousands of crypto projects which have been launched without any meaningful backing are going to fall on face.
It's time of retribution for those altcoins
All the naysaying and scepticism of bitcoin will going to end soon. As in a well regulated market only are few currencies will be traded. And for sure bitcoin will lead from front.
What do you mean by backed my nothing? Bitcoin isn't also backed by any physical asset or anything, but it still have value due to user confidence. The other "crypto assets" that you are talking about is are shitcoins that people don't trust. Hence, those coins eventually die and you are left with nothing. It has always been clear that those coins will eventually fall, yet people still invest in those coins wishing to get reach real quick. But not sure what FTX has to do with those coins or POS. Unclear what you are trying to express. |
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I知 playing same set of games on different casino not just to get the bonuses of each casino but also to have a different mood of my mind set. It really helps me to calm down and focus whenever I知 losing big time on one casino. It also helps me to not chase my previous losses because I think about it as fresh start.
With this regular routine, I notice that I have a specific casino that I知 always winning despite I知 playing same game that I lose huge amount on the other casino. I do randomly change the sequence of my game on casino and keeps giving me same good result on my personal lucky casino. I highly believe that this luck of mine related on how I feel when playing on that casino. I知 expecting that I will be lucky so my mind is always optimistic whenever I知 playing on it.
Do you have this kind of casino?
No such thing as lucky casino to be honest. All the casinos has the same luck when it comes to the slot games. They have the same provider. It is just that you will be playing in a different environment (casino), but the same games. So yes, you might be making more profit in a casino that you have been playing regularly, not because the casino is a "lucky" casino, because you are actually comfortable playing at that casino. When it comes to the casinos own games, it depends on the house edge of the casino. Casinos that have lower house edge will give you higher chance of winning. |
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As a gambler we always put winning first in our minds because nobody will want to place a bet when he already knows that he will loose,it is like throwing away your funds. Since winning brings happiness to us and we feel like playing more games for fun,I guess most gamblers can even go at length to cheat if they can.
I could remember back then as kids we get carried away in any game that we play due to the excitement we derive from the game,therefore we look for a way to cheat in other to win the game. So many gamblers have thought or looked for different ways in which they can understand how to cheat in the game they are gambling on so that they can win,while some so that they can just keep on playing over and over again.
As a gambler what prevention measures will you take in other not to cheat on your game that you know a way on cheating to win or will you go ahead and cheat ?
How do you cheat when gambling? It is almost impossible to cheat in an online casino unless you find a bug and start abusing it, but you will eventually get caught and your funds confiscated. Other than that, the only other way to cheat is to take advantage of the bonuses or events, but then again, you won't last long and will be booted from the casino. It's also impossible to cheat in a physical casino. Note that the players in the casinos are monitored by the surveillance team and if they see something suspicious (even if you aren't cheating) they will tell you to leave. If you get caught cheating red handed, they might be able to take legal steps against you. |
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Those contents that you are seeing are probably posted on shitty websites. Don't follow those sites. They will post anything as long as they get paid. Read news on legit portals and you won't be seeing clickbait or fake titles like those. They can still be biased with their news/opinions, but if they get paid for making a post, they will put a disclaimer at beginning or the end of the content. Even if they are paid, the contents should follow the strict editorial guideline, so most likely you won't see articles/news like the ones you are talking about. And always do your own research. Never blindly believe everything you read on the internet.
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Two interesting stories I would say, but they are funny. Both shows how people change so fast.
Story 1
A man stole his girlfriend's 10k to place a bet. He won 100 million and returned 10k to his girlfriend. His girlfriend is furious and demands 40 million dollars.
-snip-
The man shouldn't have stolen the $10,000 USD in the first place. He has gambling problems and he needs help. His girlfriend has the right to demand the money. It was because of her he was able to win the jackpot. She wasn't asking much though. He can still live a luxurious life for the rest of his life. Would say pay the $40 million and move on. Avoid all the problems and issue, and enjoy your life. Story 2
An apprentice who won 16 million naira on BET was asked by his boss to split the money into two parts. This 50 - 50. As the story goes, people sided with his boss, and he had no choice but to comply. It's important to remember that the money used to bet belongs to the apprentice, not the boss.
Second, assuming you were the apprentice in the story, would you abandon your training or would you have given in to the pressure to split the money with your boss?
Not sure why everyone was siding with the boss. He was gambling with his own money. Everything he won, is his. He should have quit the training and started something with all the money he won. Would be making more I bet. |
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At least they invested in bitcoin, right? Maybe when the price was $200, those people couldn't afford to invest, but they were later able to afford when the price was at $1,000. Year after, those who has been holding till 2018, did still make profit. Around x20 which isn't bad. Yeah, if they did buy when the price was cheaper, they would have made more profit, but still wasn't it the price rise that actually encourage them to invest? So don't make fun of them. Encourage them to hold and let them know they did the right thing investing in crypto currencies.
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You are so wrong and preaching the exact opposite of what people are trying to preach. No, exchange wallets aren't safe. Binance isn't safe either. Read the news and you will see that the CEO of binance himself is encouraging people to keep their funds in their own wallet. Not to store it in an exchange. No matter how much safe the exchange says they are, they aren't safe enough to fully protect your funds and take complete responsibility in time of disaster. The same people like you thought it was safe to keep their funds in the exchange and ended up losing everything they had!
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He won't be interested in bitcointalk forum. What is he going to achieve by taking over the forum? Nothing. Twitter is going to make him money, but this forum isn't going to make him anything. If he was interested in the forum to make it a "better" place, he could just make a new account and start giving suggestions and that is it. He would be saving himself millions of dollars.
Anyway, if he did want to buy the forum, I doubt anyone would agree to sell it.
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MLM business? Not sure what you mean by MLM in crypto, but that is the worst business anyone can do when it comes to normal business. I mean, unless you are at the top level of the MLM scheme you will be losing money. And most people knows that MLM are like pyramid schemes were people at the bottom are the ones that get can hardly break even with their investment. So far I was talking about those legit MLM business. There are other business that poses as MLM but is actually a pyramid scheme. So yeah, people shouldn't join those new "growing MLM crypto business" unless they wish to lose all.
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Despite all of the drama with FTX:
-Apple pay added USDC support
providing an easy on-ramp for 500mil+
-Gaming juggernauts like Riot games are building in web 3.
-Billion dollar brands are incoming to the space.
Crypto is here to stay.
I think all USDC on Solana network deposit has been suspended by almost all top exchanges. But yes, just because of the FTX, developers and other companies still haven't stopped investing or moving forward with crypto currencies. They all know things like this will happen in the crypto market and still continues because they also know that things will eventually recover and go back to normal. In fact this is the best time for them to start as all the coins are now in "discounted" rate. |
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Hi i am thinking in developing a crypto raffle game To make it fair i could do a live stream each week of the drawings and use a program like pickerwheel. com to pick the winner, each ticket is going to cost $1 We can donate 10% of all tickets sales to a crypto foundation of our players selection 60% of all tickets sales is going to the prize and 30% for the operation cost, signature campaigns , affiliates , servers , ads etc Let me know what you think  First of all, a very tedios way to hold a crypto raffle. Going to be hard to do so if you are going to do daily raffel draws. Secondly why would anyone want to play your crypto raffle game if there are already lot of casinos that offers raffle were you can buy tickets for even cheaper price. CryptoGames offer lotto were players receive 100% of their winnings. So 60% is far less what people will be receiving vs what they will be risking. |
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This is called gambling. High risk, high reward. When you saw that you were up by $700, you weren't satisfied and thought you could make more profit. You decided not to cash out your profit. So you were taking more risk to get more profit. But things didn't go your way and you ended up losing everything. Now think, was it worth taking the risk? How much more profit you would have made if you took the risk? If it was for like few more bucks, then no, you shouldn't have waited till the end and should have taken your profit. If it was like a few thousand more bucks, then yeah, I would say it was worth the risk since you initially placed only a $70 bet.
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The majority of crypto collapse always comes from the centralisation part and of cos the human greed, what do you think is the proper solution for these? To avoid hurting crypto investors and how to guarantee that their funds is safe with any platform, either Staking, Lending or Trading.
What is the way forward? What solution do you think will be effective?
There is no guarantee. If an exchange or platform says that your funds are "guaranteed" safe, then they are lying. The only way to keep your funds safe is to hold your coins in wallets that only you have access to. The wallets were you own the private keys and no one else. Want to trade? Use decentralized exchanges. Yeah, they aren't very popular or easy to use for most users, but still better than using a centralized exchange or platform to exchange your funds. If you still want to use a centralized exchange because of the features they provide, then once you are done trading, withdraw your coins. Don't hold it there. If you want to stake, then stake the coins using your own wallet. |
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It is not the first some users lost their coins because they didn't have access to their own keys. Do you really think all those that used or stored their coin on FTX never head about "not your key, not your coins"? Do you really think that they were not aware that they don't own the coins? Do you really think that they didn't know something like this could happen? They knew all of it. But they chose to ignore. They thought that it could never happen to an exchange like FTX, but they were wrong. But guess what, people will still keep on holding their coins in exchanges or non custodial wallets and act like nothing will happen to them. Right now, yes people are withdrawing coins from exchanges, but give it a week or two, people will go back to holding coin in centralized exchanges.
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This is the real issue BTC is facing. Chickens get afraid and sell even if they lose their money. They don't even understand how crypto works. I've never sold a satoshi since 2013. I know BTC will rise back and one day will hit the 100k and beyond. In a way I'm glad this is happening, more strong hands and less chickens. HODL! Hoping to buy more if it gets down to 10k. Haven't even heard about FTX until now lol. This shows how panicked I am  1 BTC = 1 BTC. That's all you need to know. Less drama, live longer.Don't call them "chickens". I bet if you hold a lot of coins and start hearing about all the problems and disasters taking place in the crypto market, you would turn into a chicken too. It is not a bad thing to be a chicken. Most of those people that you are calling chicken are probably shorting their investment. When they saw what happened to FTX, they sold because they know that the market is going to crash. And guess, what those chickens were right. The market crash, they probably brought what they sold for cheap and now holding a larger bag. Don't let people make you a fool. They will tell you to hold while they sell their coins. I am not encouraging you to sell. Just letting you know that not everyone sells because they are a chicken. If you want to sell, sell. Don't be scared or don't let people stop you from selling. |
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Stocks give like 20-30% returns in an year but bitcoin and other crypto coins can give this much return in just one day. At such, do you think that increasing popularity of bitcoin has reduced interest of people in stocks.
I think in some countries, people are really shifting to crypto only and most of their investment portfolio is in the form of crypto instead of stocks. The awareness related to crypto is increasing day by day and this more people are getting included in this crowd. Stocks on the other hand become saturated, people have realized that these stocks are not as much profitable as bitcoins. Also, there are other benefits of bitcoins like it can be used for transactions. This cannot be done with stocks.
Not really. More people are into stocks, I am almost sure everyone that looks for investment is into stocks than bitcoin or other crypto currencies. Stock investment has been around for decades and people feel more safe investing in stocks due to being less volatile and secure. The risks are lower when compared to crypto currencies. Stocks might not be as profitable as bitcoin, but it won't wipe you out in a day like crypto currencies can. People are that are willing to take more risks, invests in crypto currencies too. People that wants to stay on the safe zone, goes with stock investments. So, no, bitcoin hasn't reduced the interest of people in stocks. |
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