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5641  Economy / Gambling discussion / Re: Which betting type gives you the most payout? on: October 28, 2019, 05:44:21 AM
I really don’t consider gambling or betting of any form to be a source of money.
It is not. But since there is the possibility of the gambler making money, hence the idea that people can make money from it. It is possible under certain circumstance like you know the bookmaker closely, they may be able to give you some tips.

Of the 5, it's parlay that betting type that makes me earn the most. It makes me have better control of my wins and losses because multiple bets on multiple matches are covered.
Parlay should not be in this list. When you make a list you are essentially comparing things that have a similarity Casinos allow parlay because it increases the risk of the loss and the reward for winning. Statistically speaking the casinos make money from the increased frequency of parlay so they allow it, otherwise they would not have offered it.
5642  Bitcoin / Bitcoin Discussion / Re: No other currency on: October 28, 2019, 05:39:34 AM
Let's admit it, altcoins did have an impact to Bitcoin.
The only thing to admit is that altcoins are copycats from forks of bitcoin or tokens made on ethereum blockchain or another new mining algorithm.

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With the rise of altcoins, the existence of Bitcoin become more and more popularize because of how altcoins were advertised.
No. They were all in promoting their own altcoin, not bitcoin. You just thought of it in the wring manner. But dont worry, many others also did. Their point was to use bitcoin as a source of interest to gain interest in altcoin.

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Let's just take bounty campaigns as an example. With the rise of altcoins and a bunch of projects, people are incentivize to promote their project, which in turn make people aware of cryptocurrency and what is the first thing that people need to learn in cryptocurrency? That's right, Bitcoin.
No. Majority of bounty spammers are bottomfeeding 3rd world country people who are desperate to get some money earned to feed themselves. They rarely care about the project its legitimacy. The proof of this is the number of scam projects we see and the promo squad behind them, who they cry why they didnt get paid.

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Remember, people need to buy Bitcoin first before they could invest into altcoins.
By saying this you debunk your entire argument. Bitcoin is the first. All others a waste of time and money. Cheesy
5643  Economy / Trading Discussion / Re: How to take advantage BTC Pump and Dump in short period? on: October 27, 2019, 04:24:11 PM
How to take advantage BTC Pump and Dump in short period?
Buy them at the dump and sell them at the pump. However if you are doing this when the interval is short it is very likely that you would miss out at the proper point of buying or selling. It sounds easy but it is equally tough to execute.

Most traders actually look at the market when trading become more risky like buying at the pump and selling at the dump. Which is a loss unless the price pumps even more, the probability of which is low in the next few days.
5644  Economy / Gambling discussion / Re: Invest in bitcoin casino bankroll on: October 27, 2019, 07:57:08 AM
As far as I know casino bank roll profits doesn't based on interest rates,it will be based on total profit then it will be calculated and rewards based on how much each individual invested its more likely 5 to 7.5% per annum.
The house edge is what determines the amount received. With a bigger house edge the casinos win more per bet and with a smaller house edge the players win more per bet. But the sites with bigger house edge, means less players playing there. So they will be less popular. To keep the marketing and the traffic in good condition sites keep the house edge small, to balance both.

In my particular case I do not really like the idea of investing in casinos not only because I have to give up the control my coins but also because the profits are not enough for me and I prefer to take my chances by trading the markets.
It is one of the methods of generating money without doing anything. Correctly a passive mode of earning, but the only risk is that the site needs to be legitimate and have proper security measures. Most sites which allow investing have these things in mind. Maybe you could try it out with some spare funds . After all you should try to diversify methods of investments.
5645  Economy / Trading Discussion / Re: WILL CRYPTO BOOM AGAIN? on: October 27, 2019, 07:49:52 AM
For the record I never expect anything for Libra it is centralized which most of crypto user doesn't like.
Libra is centralized so no point going for that. Moreover the majot investors of Libra pulled out of it so Zuck is not in a happy mood at the moment. Maybe in future they can give bitcoin a fight, that too if its worthy enough. Wink

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But for the BTC halving I am also expecting it to be the reason for the BTC price to soar high again.
Halving is coming soon so expect some unwelcome movements in the market before it starts. But with each halving price grows organically over a certain range so you can be sure about gains since miners get lesser amounts to dump.

Halloween, Christmas is coming. We will definitely see some profitable spikes at that time. At this point though price is high already so if you missed the low price then its your bad. Hold on to your seat-belts hodlers! Grin
5646  Alternate cryptocurrencies / Altcoin Discussion / Re: Market is Not Ready for Libra on: October 27, 2019, 07:43:07 AM
OP is promoting his own shitcoins. Cant you all see? This is a topic from bitinflate, another shitcoin going down the drain but some noobs attempt to pick it up and try to make money from it. They are using Libra for the SEO that is has gained recently thus trying to market their opinion.

Such topics are the reason why FUD spreads. Moreover Libra is not a "semi" or whatever blah blah blah -prefix you think of -centralized coin. It is a completely centralized coin developed by one of the multinational companies that have a large share in the US S&P stock exchange. Would a bitcoin user ever trust them? Highly unlikely. But altcoin shills? Yeah to promote their own altcoins in time of doom like the author of this post. Grin
5647  Alternate cryptocurrencies / Altcoin Discussion / Re: How i keep my private keys safe without hardware wallet on: October 27, 2019, 07:38:50 AM
Perhaps I will say something very strange, but for a more secure preservation of my secret keys, you can use the old and proven method using a printer and paper.  Or manually rewrite the keys on paper and store them in a safe, away from fire.  I believe that at home a fire is much less common than hacking and data theft by hackers. 
Fire is pretty common if you check the statistics of disasters occurring in the world. Secondly it is not just fire but also water and animals which chew on paper to end up in their stomach and then in their poop. Grin

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If everyone is worried about the security of their computers and their cold wallet, then it is better to follow this example, which I am talking about.
Nah, it not which is why security experts do no recommend it. But nice of you to put it in thought.

The better way is to go for a hardware wallet or an airgapped linux distro which has been prepared for this purpose and never made online. Though this is not very difficult to set up, it needs expertise and knowledge on part of the owner of the wallet.
5648  Economy / Gambling discussion / Re: Does the discipline help in gambling? on: October 26, 2019, 07:46:28 AM
How strong does a character need to be to set aside some amount of money on a weekly gamble?
A person of strong character would not gamble in the first place. They would know how to spend their money and how to use money to make more money but keep the vices away.

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What needs to happen to make it happen?
Nothing. Its more of a inborn thing. You can develop a strong character but its rare to do so after a certain age.

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Does the great loss solidify our character?
Possible to happen. A person may see the reality of their addictions and how bad they have become and decide to use that hatred to stop gambling.

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What exactly does it mean to discipline yourself in gambling (in the narrow sense)?
Stopping to play more.

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Should we be disciplined in gambling, does it mean that we are better at gambling, or that we put less money at stake with more enjoyment, less fear, adrenaline, etc. ?
Like I said, a disciplined person would not gamble at all. But in a technical sense keeping that aside, being disciplined in how much bankroll you put in, having a limit and occasional stopping from gambling is good enough.



5649  Alternate cryptocurrencies / Altcoin Discussion / Re: how to avoid fraudulent projects? on: October 26, 2019, 07:42:49 AM
It is hard to avoid fraudulent projects because the developers behind it might be good at deceiving people.
Developers are often hired people looking for work. Often these startups go for the cheap labor from third world countries and in a way they are also suffering and looking for some quick work. End of it the porject is what suffers being developed by low quality devs, full of bugs and so on. So at one point they decide to sell of their shares and exit. The advisors and team members also dump on the investors and there you have it. A nice "legal" exit scam.

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The only way to prevent yourself from investing money or time on fake projects is by researching about it. Although it might be tedious, it is something you need to do to avoid wasting your resources.
Researching wont help you if the point is to exit scam. Research can help in differenciating a blatant scam from a disguised one. The second one is very tough to segregate from a good project.
5650  Bitcoin / Project Development / Re: Looking for business partners on: October 26, 2019, 07:39:38 AM
I’m looking for business partners that can help with growth, injecting capital, supporting operations.
So you are looking for money. Just say it simply instead of putting in the corporate jargon speech.

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I have developed a business model that works and gives me profits every month.
In that case, you dont need any people to "inject" capital. You should be able to recycle your money and sustain your project by the profit that is made every month.

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I want to grow faster, expand to different countries, etc.
Even mid-cap startups take years to expand from one country to another and there is no guatanee that the country would accept a cryptocurrency based project. Authorities will extort money too. Ever thought of that?

Maybe tell us the name of the project? Or let me guess, you have done anything yet just waiting for someone to send you money. Grin
5651  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Binance could be Wash Trading Latest Statistics Show on: October 26, 2019, 07:34:54 AM
Binance is one of the top exchanges out there so this is not a surprise to anybody. However every exchange out there is no regulated and no SEC-equivalent to keep an eye on them. So if they are was trading then they will be doing it and will continue doing so unless someone grabs them at the throat.

With the use of crypto such incidents are more common. But the article posted here has a bit of suspicion in it to be credible enough. It may be just propaganda news trying to pull people away from Binance.

What I mean is that wash happens on all other exchanges too. Today its Binance tomorrow it can be some other CEX. A large wash traded volume is not a good thing but it is like a necessary evil here.
5652  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Coins Delisting on: October 26, 2019, 07:28:30 AM
support them in all the exchange that it is being traded, if you can do that.
Thats a strange way to proceed. If an exchange delists a coin there is usually a reason behind it and mostly its a volume issue. But for that coin to remain listed it is foolish to pump it on that exchange. Maybe some bagholder would become too passionate about not letting the project die out, but it is actually a black mark on the face of the project owners and not the investors.

Market making should be one of the priorities of the project owners by bringing in financial support to the project. Sadly most of the altcoin projects are pump and dumps and a waste of time and money so dont expect to see much market making for them. Unlike what happens with stock market trading bigger companies.
5653  Other / Meta / Re: [Achivement]Finally I am a self-made senior member! on: October 25, 2019, 03:59:52 PM
OK, this thread had me confused at first, but I see what OP is getting at.  Congrats on earning 250 merits, you deserved 'em and I think I've given you quite a few since Jan. 2018 and probably will continue to do so as long as you keep making good posts and I see them.
You are the third merit fan of mine as per BPIP  Cheesy
https://bpip.org/profile.aspx?p=TheUltraElite

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but you were inactive for a little bit, weren't you?.  Anyway, keep it up. 
After the merit system started, 14days because I was on vacation, which I think I had conveyed to you due to some users red tagging issue, I remember. But after that I have been active almost everyday. What I have learnt is that merit often gets stacked up within the first few pages of any thread. If you are late in answering something, its very unlikely that you would get merits.

Sometimes I feel that probably 50% or half people writing posts on this forum because they are in some signature campaign and trying to make some money  Grin Grin
They are doing that, but I feel it is possible to earn merits while doing so too, if you know what I mean. Moreover if someone feels that they are not getting enough merits there is not be unhappy about. But I do expect more merits to be an important screening factor for managers which did happen with the recent signature campaigns.
5654  Other / Beginners & Help / Re: HOW to translate crypto info/news into decisons? on: October 25, 2019, 09:28:12 AM

Anybody else experiencing abundance of information
Abundance of info does not mean correct info everytime. I am sorry to tell you that many such "sources" are pump and dump shilling groups to instigate and manipulate the people who join them. Only the owner of that group makes money and the member lose money.

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+ not knowing how to translate info/news to decisions?
You cant expect to do that unless you become an expert at identifying indicators and what they mean.

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Been trading for 6 months now and i don't feel comfortable at all...help appreciated!
You should learn some basics about trading. I would suggest you to visit some stock market trading tutorials. Why stock market? Because the crypto trading tutorials are also filled with BS propaganda promoting some shitcoin.

Unless you learn to become immune to that brainwashing, I would suggest you to stay away for them. Anywhere you see personal opinions being given, ignore them. Do not trust anybody in the market.
5655  Economy / Gambling discussion / Re: Donating the Gambling profits on: October 25, 2019, 09:22:59 AM
It completely depends upon the person characteristic because there is no guarantee whether he will the jackpot. Before Jackpot, many people wish to donate after winning the jackpot, but once they won, they will forget about their promises and which I have experienced this from many of my friends.
You had lucky friend"s" who were winning the jackpot? I have only seen people win the big multipliers on dice sites and then give out some funds to the chat and rain as an act of generosity. Donating money from the jackpot win is a long shot because there are two things to be considered here:

1. A person who has been playing for some time and yearns for the jackpot has the only thought of winning it clouding their mind. Probably they are only thinking of getting the money and stopping the play forever. Probably of pay of all dues and so on.

2. A person becomes charitable only when they have basic earnings already set and confirmed. For a gambler this is often shaky.

So instead of the players being charitable to organizations you can trust the casino owners to give out a weekly donation to such organizations.This is what Primedice and Stake are doing.
5656  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: 3000+ Cryptocurrency on Coinmarketcap on: October 25, 2019, 09:15:39 AM
Those coins that has been listed on CMC are once before a good coin in the market even for a while, and since those coins has been left behind because of different project and coins raising it will truly affect the trading volume of it and I cant see it as unhealthy because of lots of project that are raising.
Several projects essentially died out. Even if some badholder of that project attempts to keep the flickering lights on with their shilling, the devs abandoned it and the exchanges have delisted them.

This is true for many coins and since CMC has to keep all those coins in one place their metric will show a big number. This does not correlate to the actual number of coins that are doing good. In my opinion only the top 10 coins except the forked coins is what is needed to be kept an eye on.

One can consider it to be unhealthy, but it more of a historical value that failed projects make up more than 90% of the CMC lists - which should make new investors wary of what to expect in these hostile waters. Grin
5657  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: How many crypto exchanges are really required? on: October 25, 2019, 09:10:59 AM
And this is why I don't trust in the least now people who needs funds to develop something. Satoshi didn't need funds, why should others? Right?
Some fellow "venture capitalists" would disagree with you. Cheesy But we both know that they are nothing but newbie entrants with a 100$ in their pocket ready to gamble on every new startup that comes up. It makes them feel good and allow them to get that investment banker feel, you know? Roll Eyes

Point is that people will keep on attempting to turn 10 into 1000 and doing so they will dig up new and new shitcoins to get their money multiplied at the expense of their investors. So when they need to get listed they need an exchange, and so new ones come up. You can relate this to a demand supply balance. But how many of them are going to last is another question.
5658  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: too many exchanges and will increase in the future, what do you guys think about on: October 25, 2019, 09:06:08 AM
There are still a lot of exchanges in beta like IronX Xera Bitmillex and Adab, and they are all just waiting for the right time to launch, I doubt if they can compete with the top exchange in the market, we have already a lot of exchange in the market, and there are already local exchanges launching in every country, this is because Cryptocurrency is the new market and every one wants to take a share in the market.

Adab Solutions is very likely a scam too. Be sure to check out JollyGood's thread on Scam Accusations for the same. They now have some red trust on their profile page too.

In general a new exchange coming up dont make a difference unless they have something special that others dont, or a market where cryptocurrencies are available but not being traded regularly. The problem is also authorities pouncing on such exchanges but most end up having some sort of balance with them.

But be careful of where you are putting in your money. Not every new exchange is trustworthy.
5659  Other / Meta / [Achivement]Finally I am a self-made senior member! on: October 24, 2019, 06:38:38 PM
The merit system had hit out on every member of this forum hoping to earn that next rank, but the worst hit were those who were Hero Members and were eyeing the next, the most coveted rank of Legendary.

Back when it was first started I was close to getting the activity of Legendary but then things changed and getting merits on posts was tough. However I didnt give up the fact and decided to post constructively and vary in different sections to make sure I kept a good conversation going.

And look today I became a Self-made senior member and I fell really happy to be a part of this group! Yup I now have 250 earned merits!

For newbies and co-members of this forum who are feeling a bit jealous, dont worry I will try to point out some things that I learnt :

1. Do not post in threads where enough replies have been made. I cant stress this enough. But if the question of the OP has been answered then dont post anymore. Instead merit some posts there if you have any left.

2. Try to vary your posting habits. Do not post in the same sections everyday just because you need to post for your signature.

3. There are many sections in this forum where we see less activity. Keep an eye on them, but you also need to read before you post there.

4. Post because you feel you have something to say not just because you have to say. Though campaigns force you to post, still I feel this can be done if you are active enough and willing to.

5. You may not be a tech oriented person. But try to learn stuff by reading and I can assure you that one day you will be able to help out others and earn some merits doing so.

6. Recycling your merits is important. If you are letting your merits rot in your profile, thinking that you would be a rebel to this system (I was like that when I used to feel bad not getting noticed), you are only harming others who are also not getting merited. If you have spare merits send them to others. Be a participant of this system and not a rebel to it.

I am looking forward to becoming a legendary soon with another 250 merits to be earned. For now, I am happy of this "small" (I will call it small anyway) achievement.

Dont chase after merits. Let them come to you - Jet Cash(Correct me If I am wrong JC)
5660  Other / Beginners & Help / Re: Some advice/help for a newbie on: October 24, 2019, 10:40:44 AM
I would like to know which altcoin project you actually are talking about. Forgive my biased opinion but being in this space for the last 5-6 years I trust bitcoin much more than any new altcoin project.

If you are in personal contact with one of the stakeholders then I would like to know how exactly did you come to know them:

1. like did they invite you to join the project? In which cases it is probable that they tried to shift bagholding from them to your hands.
2. Did you know them from beforehand? In which case my previous assumption would be wrong.

The forum members here would be able to give you some better insight if you tell the project name and if they have any ANN thread in this altcoins section or a official website and so on.

For a person who is new to cryptocurrencies getting fooled by a buzzword filled whitepaper is not new and nothing to be ashamed of. But its better to get to the bottom of things.
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