The possibility of hitting the $1K price in the future lies with Litecoin as Litecoin's journey in the crypto market falls into the good and rare category. The highest price Litecoin has ever reached is $378. If Litecoin finds it difficult to break the $1K price, I think LTC will stay at $250.
I think Litecoin have a chance to break $1k but it will not be easy to lift the price to the high price because Litecoin price needs to break $500 and that is the first target price after the last ATH. Maybe Litecoin will break on that price in the next bull run, but it needs more time to reach $1k. Hopefully, this month and the next months will be better for Litecoin so the price can increase high and will break $1k.
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I see your point with same risk and indeed, lottery is the old-fashioned ways but this NFT's games where more people are engaged right now. It's the new way to hook the attentions and bring more money to this business.
From the concept offered and the existing business model between lottery and NFT, I think it's very different. one sells dreams. the other provides certainty. the "hook" system in nft is in the certainty of the benefits. The financial ecosystem they have built makes it a plus point to attract new users. That concept now is booming and succeed to get attention from people but we do not know if that will work for a long time. But the lottery is one popular gambling game that will always be available in gambling games. Many people become fans of that game and are willing to spend time and money to hit the jackpot. People buy the ticket with some money and they are not thinking too much about the price because the price itself is not too expensive. That is why many people like to buy many tickets, hold them, and wait for their number to come out. But the fact is their number will not always come out as the winner. So the easiness, a cheap price, and not having a complicated of playing gambling will hook people to stay at that casino.
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Checked your site out and observed that the design is simple and bland which could definitely use improvements. The UI needs optimisations too in my opinion.
Litecoin is a great payment option, but I advise adding other popular cryptocurrencies like BTC, Doge etc soon. I am satisfied with the minimum withdrawal amount. Also, what are the withdrawal fees op?
Obviously, OP is in a hurry to launch the site he can announce a testing phase or stage because there's no FAQ or TOS here we don't know what rules we are dealing here not even how to get started sign up and log in are the only link available, many people will opt not to play here until OP fix the FAQ and TOS, these are very important, people will have a perception it's a fly by night operation. Maybe he wants to know the reaction from us by launch the site. That will be good for him as he can know what needs to be fixed and added to the site to have a better site that can compete with the other gambling site. So far, @OP got many suggestions to the site to have more creative ideas to add to his site. But that site is still new and needs to develop more to have a better site to give more time to @OP to still working on the site.
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I guess that Twitch had a difficult choice to make as well. When they allow streamers to provide bonus codes and giveaways encouraging to start gambling, I don't know in how far they could be responsible if kids below age 18 use that stuff. They would then blame the casinos, but they could as well get into trouble if they don't perform full KYC processes even before the codes could be used and kids make deposits first. Gambling is a rough area and everyone wants to get it right. All too often do authorities get involved and crack down on streamers.
I guess Twitch is not responsible for their visitor because they are only a media serving a video. They can only upgrade their algorithm and protect their site from the attacker. The content will be their audience responsibility and if the kids watch the video, they can not do anything. Twitch can only suggests adult people not to show explicit material to young people below age 18. Maybe for temporary, a decrease in their visitor will happen after that announcement but that will not stop gambling ads or video showing at that site.
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It's true that even though Bitcoin is expensive compared to altcoins, but if the capital is from fiat then convert it into any coins when making a deposit, it won't be a big problem. I mean the psychic effect that we will feel losing Bitcoin will stress me more than losing an altcoin, even though when the initial deposit has the same value. Or maybe it's just me who feels that way, so I really prefer to gamble with altcoins over Bitcoin.
Not just you. There are gamblers that do prefer to gamble with altcoins because they feel that they're lesser guilty losing those altcoins while losing bitcoin makes them feel bad and regretful. It is because of the fact that bitcoin is becoming more expensive lately and being used as a store of value which is common to most of us. When someone knows crypto for a long time, they will think that bitcoin is worthy and keep it in their wallet without using it for anything except selling at the top price. So they will not use it for gambling and will use altcoin because many online gambling sites have that option. Besides that, they do not want to pay a high fee for the transaction so they decide to use altcoin and that is why many people prefer to use altcoin than use bitcoin to gamble. But some gamblers will use bitcoin, especially if they have many bitcoins and do not feel too sad if they lose the bitcoin in the gambling games.
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I guess it's just normal to give taxes because we know that gambling is one of the fastest earning company there are a lot of people would like to earn money and try their luck and it's on favour with the gambling platforms and casino their users or players enjoy the game at the same time they are earning a lot it's better to become fair for the government because they are a large producer of money. Some of them now are doing charity works or another none organisational donation for some instances lower their taxes too so they can still get the profit.
It is very normal after all they generate enough money from gamblers so giving some percentage to the government who still secure and provide the light for their business shouldn't look like something absurd. Gambling industry is making more money compared to some other industry because people of all class try their luck to see if the could win some tangible amount and only 30% if not less gets lucky enough and the rest end up losing their fortune. The fact is many people lose their money in gambling games. If the government wants to the tax, they need to investigate how much the casino can earn in one day and the next weeks. Maybe that needs some time to know the result but that is worth doing because the government will have valid data with their income to send a message to the gambling owner. If they do not follow the government, the government will easy to close their business temporarily.
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Most of the gambling platforms today requires a deposit because you cannot play if you don't have any kind of balance in a different wallet. Having a no deposit and allowed their users to play is just a marketing strategy they are urging their players to play more in their platform. This kind of strategy is still open nowadays in the form of cashback and doing some task by that you can earn points to play into different gambling games. It's up to you how to manage those earnings some people can make more profit because of those bonuses.
Some online crypto gambling does not require a deposit to play because they offer a welcome bonus or a faucet for their members to test the site or from the rain. But I do not know if they need to deposit before they can withdraw their money so the withdrawal process can continue. If the crypto casino allows people to play from the bonus or faucet and give the best services to their new members, maybe some members will try to deposit to have a bigger balance in their account.
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There will never be equality of wealth in this world, and bitcoin cannot solve this problem, moreover the supply of bitcoins is so limited that it can only be owned by a few rich people and it is likely that some of the poor will never own it, thus creating a 99% income gap for the rich , and 1% for the poor.
I believe that being wealthy is for all people but that will depend on how they want to achieve that and how hard their work to be wealthy. Many people dream of becoming rich but they are lazy and do not want to get work. So the question is how they can become rich? Bitcoin offers a new way to become rich and people need to work hard in many ways. Trading can be one solution for them, but they need to learn about trading and not give up until they succeed in learning the trading lesson and making a profit. To be rich requires hard work, because being rich cannot be obtained easily. In addition to hard work, patience is also needed to get it, because we have to go through a long process to become a rich person. Then with Bitcoin, this provides an opportunity for investors to become rich. Due to the significant movement of the Bitcoin price, make Bitcoin can provide a large profit. Trading is one way of making profit from Bitcoin, so learn a lot and practice, so that our trading skills increase. Indeed. Most people can not have patience and do not want to enjoy the process. That is why many people can not be rich from what they did because they do not have patience. If people can consistently work hard, sooner or later, they will get the benefits and it will not take too long to see their wealth will increase. Bitcoin can help them but that will depend on how they can work in a job related to bitcoin. If someone can focus on trading and try to learn more lessons about trading, his skills will increase, which means he will have a chance to make money. That will be a matter of time to see he will become a rich person.
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I am sure the bitcoin price will be at $50k sooner or later, no matter if that will happen this week or next week. I am not worried about the bitcoin price moves because I believe the price will increase, even if the price is down for a while. In the end, the price will rise and make a new ATH. We will see what will happen tomorrow and if the price can back to $49k, it will give a chance to still increase and maybe it will back to $50k in the next week.
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If the result will risk your money, then that is not worth doing. You do not have to play gambling to make money but you can do other things and I am sure you can find it by searching not just in this forum but you can use the other websites to make money.
Do not use gambling to make money, as you can see that many people already lose their money. If you just want to know about gambling and do not have a high intensity in making money from gambling, you're good to go.
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Why didn't most people expect Bitcoin to be as brilliant as it is today?
Because most people do not know about the crypto project and the internet is still not as popular as today, many countries still do not have better internet connections, so they do not know what happens on the internet. Or people are too busy with their real-life, working hard and never think about the internet growing but after they realize about bitcoin, the bitcoin price already increased so high and they think that it will not be easy for them to buy bitcoin. Mostly, that is because of a lack of information about bitcoin that year and next year. People opened their eyes when bitcoin reached $19,000 in 2017-2018 and they do not think that bitcoin can be like that. But then many people were disappointed to see the crypto market is down a lot in the next year until this year, and they start to follow the bitcoin price journey.
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That man can do the same thing as what Satoshi did, hiding in the hidden wall. We do not know why he does that and why he does not hide like Satoshi.
Hopefully, he can clear the mess without having trouble and the government will not force him or arrest him. If the government still arrests that man, maybe the other creator or founder will hide and not try to introduce himself to the public because that will be too risky for them.
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Do you mean you will hold your BTC for six months? If yes, then stored it on a non-custodial wallet instead then just idle it there as long as you want and just wake them up once you are now ready to sell it. Transfer it to the exchange of your choice then do the conversion there. No need to split funds into several exchanges. Just choose the reputable one once you are now decided to sell all your BTC. Read TOS too as there will be lots of changes after 6 months later. i want to sell btc today and re enter later after 6 months. where should i keep the money. You can sell your BTC pair USDT, USDC, USD in any exchange you want or custodial wallet. But as we know that saving in the exchanges will not be 100% safe, we need to think of other places to keep our funds safe. Maybe you can consider buying Ledger or Trezor wallet and moving your funds to one of those wallets or you can use both Ledger and Trezor simultaneously. You can keep your BTC in that wallet or sell it using the feature on that wallet so you can get USDT, USD or USDC save on that wallet. I can suggest you sell some portion of the BTC you have and leave the other part in BTC and wait for the next 6 months so you can sell it directly when the price reach more than $100,000 or in your target price.
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There will never be equality of wealth in this world, and bitcoin cannot solve this problem, moreover the supply of bitcoins is so limited that it can only be owned by a few rich people and it is likely that some of the poor will never own it, thus creating a 99% income gap for the rich , and 1% for the poor.
I believe that being wealthy is for all people but that will depend on how they want to achieve that and how hard their work to be wealthy. Many people dream of becoming rich but they are lazy and do not want to get work. So the question is how they can become rich? Bitcoin offers a new way to become rich and people need to work hard in many ways. Trading can be one solution for them, but they need to learn about trading and not give up until they succeed in learning the trading lesson and making a profit.
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well this goes for both ways , it increases greed index and most people love this volatility but at the same time most of us get rekt . i think it is better for whales and lucky ones .
As long as you can manage your greed, you will not have a problem and even you will have a big chance to take profit from the volatility because you can see when the time to buy and sell. If you can repeatedly do that, your profit will be bigger and that means you will make a lot of money from trading and have a chance to hold for some amount for the future. I think people can use the chance like what the whales did because they can have their opportunity to make money too.
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Sooner or later, all exchanges that look bigger than else will have KYC. It already happened a long ago. Once Poloniex started bigger, they require KYC for their members and so do with Bittrex. And now, when Binance became bigger than other exchanges, it will require KYC to the members. For old members, they will need KYC sooner or later. That will be a matter of time, especially if they open their branch office in another country that does not allow crypto or the government allows crypto as trading or commodity.
It seems crypto takes attention to the government because they see crypto now become famous and someone can earn a million dollars quickly. That will be a huge tax for them if they can know who the members are. DEX will take part for the crypto members who do not like KYC and that will become bigger too and give convenience to the members.
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You are talking about 1100% price increase which is definitely not possible to say at the moment because the coin is literally new and no one actually knows about the potential. If you got them by mining then Just sell it now and buy some other cryptos which are existing in the market for years.
Yes it's huge value. But it may happened with a certain interval and finally with the period of 1 year. You need to wait for that to happen. Because many miracle will happen only in altcoin.You should think about the Dogecoin. The price of dogecoin raised huge and made their investors very happy with some profits. Maybe he can sell for some amounts and hold the rest for the ATH or hold for a long time. We do not know if that coin can reach $1 sooner or later because that coin does not have much history to analyze and we can do something based on our feeling. But if you believe that this coin can increase someday, you need to hold it and do not panic if the price is down because that is what happens in the crypto market.
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Bullish bitcoin performance after experiencing a sell-off since last May. Previously the crypto asset market had experienced challenges in May, when the price of bitcoin fell and there were several important moments that occurred in the blockchain world. Going forward, the demand for crypto assets will continue to occur. In fact, bitcoin and a number of other crypto assets will also be recorded to increase in the next few months.
Hopefully, that will really happen so we can have a big party and make a big profit. Maybe much positive news will come out before the end of this year so that can lift the price to increase higher. With more supports from the big companies, that can give more chances to bitcoin to get that supports so we will see the price will have another bull run. This moment will be good to prepare to sell your bitcoin if you already bought bitcoin at the price yesterday at a low price. But you need to remember that the price can not always moves as you want, so be careful to decide later.
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I want to invest in altcoins, but on undervalued coins, what do you think if I buy XLM, Will it go hight when the market is bullish now? Can XLM rise to $2 by the end of this mont?
I can only suggest you analyse before buying XLM because we do not know if XLM can increase and reach $2 or it will only reach $1. But if more supports come to that coin, the price will increase and who knows, this year, the price can break $1. Before that happen, I think XLM needs to wait for a while as many other coins are ready to increase. If the bull run happens again before the end of this year, XLM can increase but no one will know if the price can reach $1.
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I am more into investment for now. Because doing trading, i always can't control my emotion. Maybe some people in here sometimes feel the same, afraid when coin dumped because forced to gain profit in short time and take coins that have small price. And then, i decide to buy some big coins and hold, i think it is different to hold big coins and maybe when speculate into any small price altcoins when i think big coins will stay survived in market and not only be pump and dump coins.
That is the way for us not to sell at a loss or because of panic seeing the market price is getting down. The investment can give us a profit in the future, especially if we hold potential coins such as bitcoin, ethereum, bnb, and else as those coins prices can increase. But if you can buy low and sell high, that will be good as you can profit not just from the investment but also from trading. The small coin price will be okay as long as the price can move many times so you can apply the buy low and sell high strategy.
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