I believe it's kinda tricky .. if it is a one time payment , i don't because i believe it's the value of it at that moment but when it's little payments here and there i kinda feel as if i could've paid with fiat and it woulda been fine but with when i pay with BTC it makes me feel like i'm losing value ..
Even if it's small amount, I would advise you to not pay with Bitcoins. These coins are limited in numbers, hence very valuable, so if you just pay with Bitcoins and give away all your hard earned coins, then no one can stop you from this foolish act. Instead of accumulating these valuable coins, you just giving away the coins. Moreover I always feel bad when I pay in Bitcoins, but I do that only when I don't have any options or it's just an urgent payment that needed to be done. But one advise to everyone, soon the Bitcoins will rise in it's price, so buy and hold as many as you can. This will indeed be different from a perspective perspective because with something like this there will definitely be someone who wants it and someone who refuses too because of various considerations but I think that's normal because of course things like this can still happen because we are free to do whatever we want. We want. I also actually quite agree with you because even though it can be done for payment but I don't know why it feels quite unfortunate to do that but on the other hand in this case I also still want to feel that way because it's not wrong to do it once to do buying with bitcoin regardless it's small or big but feeling something new of course it's not wrong. Intriguing perspective! While I concur that Bitcoin's finite supply makes it inherently valuable, I'd argue it's a simplified view to discourage its use for transactions. Isn't the primary purpose of any currency to serve as a medium of exchange? Applying this logic, hoarding Bitcoin in anticipation of a price rise is akin to betting on a speculative asset, not utilizing a currency. Besides, widespread usage of Bitcoin for everyday transactions can potentially stabilize its value and reduce price volatility. What's necessary, in my view, is a balanced approach - HODL (Hold On for Dear Life, for those not in the crypto loop) some for potential future gains, and use some to encourage its mainstream adoption. That would help Bitcoin fulfil both of its purposes, wouldn't it? |
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There are different approaches and varying degrees of flexibility or restrictions that can be applied in the development of a protocol like Bitcoin. Bitcoin's protocol development involved finding a balance between flexibility and rules to maintain the security, integrity, and consensus of the network. It is a complex task to meet diverse use cases while ensuring the network remains robust and resilient. Regarding the Taproot upgrade and its impact on space requirements, Taproot is primarily focused on improving the privacy, scalability, and flexibility of Bitcoin transactions. Although Taproot introduces new codes and features, it is designed to be backward compatible, meaning it does not significantly increase the capacity requirements for individual instances. The aim is to provide more efficient transaction processing while minimizing the impact on the size of the blockchain.
isn't the beauty of Bitcoin in its simplicity? Its core principles, its resilience, its immutability? Let's mull over Taproot a bit. Sure, it brings improvements to privacy and scalability, which sound like unicorns and rainbows. But isn't there a chance it might actually complicate things further? Are we just making Bitcoin's transaction processing fancier without addressing the elephant in the room – the ever-growing size of the blockchain? And let's not forget, Bitcoin was built to be decentralized. But with these upgrades, are we making it more complicated, potentially requiring more advanced systems to participate? Could we end up centralizing what is fundamentally decentralized? That's something to scratch our heads about! |
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- When self-control is used correctly, it will followed by self-limitation, therefore losses can be avoided. Because most of the time gambler cannot get rid of the words "I will bet again because I feel that this time I will be right and I will recover my loss" these kinds of thoughts are what drives them that they don't realize they are getting loss continously without noticing it.
Then in the end they will say that "I should have stopped betting earlier so I wouldn't have led to a big loss" their regret its too too late.
Thoughts like that can trap gamblers to keep betting because they think this one round will be the last time they gamble and will stop after that. Even though this is not the case because most of them will continue to say things like that because they think one last round will recover their losses. And what's even worse, many of them immediately place bets with big money so that the losses will be even bigger when they lose. After that loss, they said they were sorry but oddly enough, they didn't realize it the next day when they gambled again. And that caused them to experience another defeat that could be even bigger. Indeed, the person you've been conversing with has presented an astute observation of human behavior in relation to gambling. Betting is analogous to a moth being drawn to a flame. Despite the inevitable harm, it is irresistibly lured by the prospect of light. The psychological trap of "just one more bet" is a potent one. It's akin to the infamous paradox of Achilles and the tortoise. Despite all logical indicators suggesting otherwise, gamblers believe they can catch up with their losses. The subsequent regret is a fundamental aspect of the human condition. We often fail to act in our best interests, leading to remorse, which unfortunately is short-lived. It's somewhat similar to the phenomenon of cognitive dissonance. |
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Sometimes I used to see the police around my region arresting people publicly playing shot card games and the label it as gambling even though those playing this game don't stake money but the law enforcement agency still categorized it as gambling, so I believe whether or not you stake an amount or just playing for the fun, it all gambling as long as there is a game to contend for the winning unless it sports games if not it all gambling.
Maybe it was because they used cards that were synonymous with gambling that the police thought they were gambling. The authorities could catch people playing cards with their friends even if they didn't use money. So if we want to play sports or anything else, we have to be careful not to use any money so the police won't take it as a bet. But I don't know. The response of each person or the police must also be different and some will think of it as gambling. Games that being use to gamble should be play privately or else this kind of incident will happened. This scenario is happening on my country. Police sometimes planting evidence to all the people that they saw playing publicly because they knew that this people really gambling but just hiding money away from the table. I’m confused these people still wants to gamble publicly while they can always play on their houses privately. Local gambling is very popular in my counter which is why police is very strict on catching them even with just a slightly hint of gambling. Indeed, the line between innocent fun and illegal gambling can be murky. It seems your country's authorities are treading on thin ice, criminalizing innocent card games based on an association with gambling. That's akin to banning a rose because it shares its thorns with a cactus. Your concern about public versus private gaming brings a fascinating question to the table - should freedom of assembly succumb to the specter of gambling? One can't help but find this a slightly Orwellian overreach. Lastly, the notion of law enforcement planting evidence is a serious allegation and hints at a systemic problem. It's the perfect recipe for a Kafkaesque nightmare. If this is indeed the norm, then the conversation needs to shift from cards and games to the principles of justice and rule of law. |
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Your post is incomplete did you hit the wagering requirement, if so you can withdraw but if they ask you to do KYC, you should if there is a KYC requirement in their terms, they have a reason why they asked you for KYC, I have not heard or read about this casino but I cannot categorize this as a legit complaint.
You should undergo KYC first and if they still do not allow you to withdraw your money and they gave you a false accusation, then that's the time to open a complaint.
You should understand what you are signing up on the casino I guess you did not read before you hit sign up.
I am surprised at gamblers like this because they experience problems or difficulties in the casino because of their own mistakes, who do not want to complete the requirements but instead claim that they were tricked or not given good service.
He should have read the TOS first so he could avoid problems like this because in every casino, if it gives certain requirements, it will always be written in the TOS so that gamblers can fulfill them, especially when withdrawing large amounts of gamblers must be prepared if asked for special requirements.
I agree with you and it does seem like he should have done what the casino asked him to do to process withdrawals before filing a complaint. They will seriously read the ToS once their account is having problems with the site. I believe, most gamblers are not really reading the ToS, hence, such common problem is being encountered. That will be an expensive lesson for the OP. He has no battle to fight with if he clearly violated the terms of the site. Though he got away in his previous withdrawals but this time, he got caught by the site, then I don't think he can still get his money out of this if he is not willing to comply with the terms of the site. I must profess that I wholly understand your observations. The caveat emptor - "let the buyer beware" – rings particularly true in the case of online gambling. It's absolutely paramount for all players to meticulously scrutinize the Terms of Service (ToS) before indulging in such activities. This common embarrassment of neglecting the ToS leads to an unfortunate cascade of problems that could otherwise be averted. The onus lies on the individual to safeguard his or her interests. We shouldn't confuse ignorance for deception on the casino's part. It's a hard pill to swallow, but it's crucial to remember that the rules of the game are usually crystal clear for those who dare to look. |
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Gambling is a choice we did it with our own decision there is nothing that we would say could change it.
We gamble to gain something from it even though we are aware that we could lose rather than gaining what we want.
That is the risk that we took when we decided to gamble, so we must bare the consequence of it.
sometimes people are so stressed that they start gambling Many starts it at an early age and become professional gammblor sooner Being stressed is not an excuse to start gambling if you don't want to gamble, there are actually a lot of better thing to do to gain rest and calm nerves down when ultimately stressed, gambling is actually not very much an option if I begin to mention them, even though many do see gambling as away to relax, I must tell you that if you sole purpose for gambling is because you are stressed and need rest, there is a high chance you might end up becoming even more stressed due to loses, expect you are the type who have learnt to see gambling as a way of having fun rather than making money/profit, but then, majority of those who gamble today, even the so called professionals, gamble with one goal in their mind, and that is to make money. We can rely on gambling if we're looking for comfort and pleasure, but gambling is never a solution if we're looking for momentary stress relief. Additionally, it is not a good idea to bet when under stress because we are more likely to make poor choices if we feel weak emotionally. If you feel stressed, you better keep yourself from gambling, or else, your stress might get worst in the future. There are other solutions for you to find relief. It is better to gamble when you are well-conditioned emotionally rather than relying on it when you're troublesome. Just gamble when you want to generate profit and when you are emotionally prepared because gambling will surely challenge your emotions and your decisions might only be based on what you feel. Stress and gambling go together about as well as oil and water. When you're up to your neck in stress, the last place you want to find yourself is in a casino or on an online betting site. Your decisions become hasty, the stakes feel higher, and the losses hit harder. However, I feel compelled to play the devil's advocate here. Not everyone who gambles does so with dollar signs in their eyes. There are those who treat it as a harmless diversion, a moment of respite in the hustle and bustle of life. Yes, a well-conditioned emotional state is pivotal when gambling, but let's not forget that it's not the only variable in play. Having a solid understanding of the game and its strategies is equally, if not more, important. Knowledge is power, after all. |
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debit card could lead to plenty problem we might not able to resolve since the there are some issues that is attached to debit card uses. Those who are using card to fund there online account can be doing that is some. Level of risk attached to it and if we use our debit card on scam casinos, we might end up losing our money without getting it back.
It would be more dangerous if they continued to use credit and debit cards because, after all, we can forget to control the use of the cards. We freely deposit large amounts of money for gambling; if we can't control ourselves, it becomes even more dangerous. So it is not recommended to connect debit cards and credit cards for gambling, even for online shopping, because now many hacks are happening on many sites. It's unlikely anyone would ever connect a debit or credit card to a crypto-based casino, but for fiat casinos it can happen. If you really want to connect a debit or credit card it's better to use a new one because I'm sure everyone must have more than one card so as to minimize financial expenses for excessive gambling and also to protect against other things such as hacking. But we are in the crypto gambling industry so there is no need to use a debit or credit card. Does even the crypto casino offers the deposit method using fiat money ? As far as I know most of the crypto casinos only allows you to deposit in cryptocurrencies. There may be few casino which offers deposit method in both crypto and fiat credit cards. I think deposit using crypto is more convenient as compare to the credit card deposit. You can't trust every casino in sending your credit card information to them. There are ones which are hybrid on which they could accept out cryptocurrency deposits and at the same time they do accept out Fiat deposits too but usually these are those usual traditional casinos online which are fiat based but lately had accepted and adopted crypto payments on which they would really be might having this kind of offering when it comes to bonuses.In speaking about using up your CC for the sake of bonus then it wouldnt really be bad because you could really be having that additional but we should bare up in your mind that whether you do make use of crypto or CC or fiat which those bonuses would really be still in line or having that terms and conditions on which you would be needing to comply before you could be able to make some withdrawal on which this isnt something new. Use up your credit cards on your own ways or decisions on which it would really be that normal that you would really be exposing your identity on the time that you would be making use of these things which it is really that a common situation. Some digital wager parlors are taking the path of exclusively dealing in crypto, while others are bridging old and new, supporting both electronic moolah and traditional bucks. It's definitely not a 'one crypto fits all' kind of setup, if you know what I mean. Seems like you've got a bit of a thing for crypto transactions, dubbing them 'effortless.' Raises a question or two, doesn't it? They might be shiny and new, but let's not turn a blind eye to the hazards. The crypto rollercoaster ride can be thrilling and terrifying in equal measure. Still, you're onto something about the security of credit cards. Handing over such hush-hush intel to digital platforms can be risky business. But, let's not generalize all casinos, okay? Some of them take the safety game to a whole other level to protect their patrons. Lastly, bonus conditions? Yup, been there, done that. Crypto, credit card, or good old fiat, every bonus plan has got its own secret sauce. The ball's in our court, as gamers, to read between the lines |
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In other casinos, it's usually a trap, they don't put terms and conditions that sometimes people are lazy to read, but this is where the importance of gambling is not to be too passionate about doing things in a hurry, for example making a deposit without having to do casino research.
It's the gambler's responsibility to do their own research before playing on a casino. If you blindly gamble without conducting a research and not reading a reviews (because you're attracted on their bonuses or promotions) then the gambler is the one at fault for not being careful incase the casino is shady and not trusted. So just like what we always remind to the gamblers especially to newbies, always read the casino's ToS. Hence if you don't agree with their rules, you're free to look for other casinos where you can gamble without issues. Honestly, the whole gambling tableau feels akin to a warzone. It's transcended mere good fortune; it's a mental duel now. To place the entire blame on the gambler when a scam occurs seems rather severe, doesn't it? Don't misconstrue my words, I am not promoting reckless gambling in any way. Nonetheless, the era calls for casinos to up their ante. Stop making their T&Cs a maze that only a lawyer can navigate. Isn't the essence of a fair game in the name itself? Above all, let's be a little gentle on the greenhorns. We've all been rookies once, haven't we? Swamped and thrilled. They require our guidance, not disdain. So, let's gird our loins and transform this into a secure haven for all. A sphere where the dice always tumble with justice. |
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-snip-
But as far as I know RTP is really only for slots, maybe for other games there is a kind of RTP as you explained, namely the house edge, it's just that I actually think that RTP and house edge are different. This is just a response and understanding from each gambler, so it's only natural that we have differences of opinion, but I appreciate the difference in assumptions. RTP and House Edge is basically the same, the main difference is that RTP is a terminology made from the player's side while House Edge is terminology made from the casino/house's side. If you do search by google or something else, try a keyword RTP of ...... fill the blank with any game except slot and I'm sure you will find the information. Do the same with keyword house edge and you will see that basically both works the same but it is seen from 2 different sides only. Yes, I already know about it and indeed both are almost the same, it's just that the difference is in the point of view in the game, such as the famous Slot with RTP and several other games that are better known as the house edge. For those of us who know more, maybe we can understand and be able to respond to these two mentions, but those of us who are still beginners or don't understand much about casinos might still be a little confused and have questions. Even though the two have similarities and only have different mentions, the mention of RTP still only exists in slot games. Think of RTP and House Edge as the yin and yang of the casino world. Visualize it like so: RTP is like your trusty smartphone, lighting your path down a shadowy cyber-casino lane, highlighting possible windfalls. In contrast, the House Edge is the casino's digital watchdog, eternally keeping tabs to ensure their fair slice is always taken. Granted, the language might come across as cryptic, especially to greenhorns. Yet, when deconstructed, it's refreshingly clear-cut: loftier RTP translates to the possibility of more substantial returns for the gamester, while an elevated House Edge indicates grander potential dividends for the house. While it's bang on that RTP finds its primary application in slot games, it's not exclusive to them. Other table games, like blackjack or roulette, also enlist it. Hoping this sheds light and eradicates any lingering confusion! |
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it is very strange that the casino is not able to catch abusers and one of the great measures that the casino could take would be to ask that when creating an account people start to put email, full name, residence address, valid telephone number that would later be sent an authentication code that the person would need to use to confirm the account registration, this way it would be easier to combat the many accounts that are created with the purpose of abusing the faucet, and the problem with that is that when the casino puts basic kyc something like asking for a phone number people are already complaining because they don't like it
they think this is something that takes away their privacy but if the casino doesn't do this they run the risk of suffering from abusers, so this is definitely a big problem and in my opinion casinos shouldn't be offering satoshis on faucets , it would be better to give free spin or free bet for active players than to put faucets that will only bring harm to the casino, I honestly don't see any reason for a casino to have a faucet especially when the price of bitcoin rises a lot and the casino cannot get many customers, the casino will just accumulate a lot of losses
I think they can detect some abusers, but some will always find loopholes to exploit the system. Another options besides offering faucets is giving out play money to test out the games (like some other casinos are doing). Some casino even offer the top 300 a small cash prize when they make the highest wager with this play money. Casinos will be able to detect perpetrators who want to abuse bonuses or promotions held by casinos and will give punishments according to what they do. Offering a faucet might be a solution so they don't abuse promotions or bonuses, but there must always be ways for those who want to abuse it because they aim to get more bonuses. But to deter abusers, they can use verification in the form of KYC so they won't verify each account without the casino knowing. That will make them no longer able to abuse anything in the casino because the team will monitor every activity. But of course, every casino has its own policy, which will be different from other casinos. And they are sure to combat abusers in their casinos by imposing stricter regulations. What you're saying does hold some truth, my fellow Internet companion. Yet, your words seem to suggest a slight naivety about the reality of online casinos. While it's true that some digital casinos try to shield themselves against misuse of promotional offers through KYC, many still fall prey to unscrupulous players. There's no foolproof solution, @michellee. To put it bluntly, KYC can be faked. As much as it's an integral part of the system, it's not an absolute deterrent. If it were, we wouldn't have any abusers around. Handing out play money for testing games? That's a decent idea, but not a full-on remedy. It could instead cultivate a freeloading culture. Just because something works for a few doesn't mean it'll work for all. |
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Just found this on the stake forum.  If anybody ever gets accused of multiaccounting on stake again get this. Drake's publicly known account since 2021 has the stake username "DeepPockets6". Yet on last Saturday's stream he played with the account "eatingyourfood" . What's a little bit strange, in the Saturday raffle (takes place every Saturday) this eatingyourfood account won several times in March-April 2022. The Drake - Stake announcement was official on March 22nd. On April 4th 2022 this account won the raffle 5 times even though Stake employees and/or people with affiliate benefits are not allowed to enter. People speculated for a long time who eatingyourfood is and since last weekend we know. I must say this once again feels a little bit off.  There might be a simple explanation for this.... Stake might give Drake affiliate benefits on the "DeepPockets6" account, but not on the "eatingyourfood" account. So Drake might be playing with his own money on the "eatingyourfood" account. The VIPs obviously get more privileges than the normal average Joe, so we cannot blame them for looking after their high rollers. Multi-accounting is only illegal, if you are abusing rewards and bonuses by using more than one account. (Drake obviously do not worry about things like that, he prints money on a daily basis) You are right, that could be an explanation. There is still one thing a little strange. According to Eddie on a stream over a year ago, Drake said it's ok to not participate in the raffle giveaway, so they no longer counted it when DeepPockets6 was drawn. But since nobody knew the eatingyourfood was also his he won with the tickets this account made. That's till a little bit off my my eyes. But what can we do, we are just small fish compared to a guy like him. I believe though there should be the same rules for everybody. People have the option to change their minds... and Drake has that option too. He might have discussed that with some of his friends and he might be one of his friends referrals, so he only wants his friend to benefit from his non-affiliate account, where he use his own money. Who knows how these people operate... but I think he gets advice from his VIP managers or even directly from Eddie, so he will do something that will further benefit him and his friends. (I doubt that the casino would support him getting referral rewards from money that they provide to him for marketing purposes) My, oh my! Drake's actions might seem offbeat, but who are we to judge? Life’s full of U-turns, and this could be one. As for DeepPockets6’s win, could it be serendipity? Eddie's role remains a conjecture unless evidence says otherwise. Let's not stir the pot based on ifs and buts. Keep it cool, everyone |
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~snip~
Well, in every casino, good and friendly treatment with the players is always imperative, especially when it comes to having a problem, usually the biggest problems arise when they cannot make a withdrawal, that is when they should be the most sensitive to the responses, because first the client is Upset and secondly the client needs a quick solution and this is Something that frustrates,at least in the players this is true in most cases they will always complain, that is why, of course there is also another type of claims that are not so sensitive, but in the same way you can and should treat your clients very well. Customer support! A gambler's nemesis. Feels like unearthing a Da Vinci Code, waiting for some casinos to respond. When they do? A generic, copy-pasted missive that ignores the issue. But fear not! With dedication and vigilance, any casino can deliver exceptional support, leaving players gratified. It starts with proactive, well-versed agents, masters of the casino's inner workings. It's not just about competence; it's about agents with a soul, truly valuing players and their experiences. Displaying empathy, building trust, and fostering loyalty. When obstacles emerge, these agents are the ace up your sleeve, delivering prompt, efficient solutions. In the grand scheme, support isn't just about fixing problems. It's shaping a delightful, engaging experience for players. A casino that treats customers with respect and finesse becomes a beloved gambling sanctuary. It is so, we as players are always going to remember something, if we have a problem and even more so if it is a withdrawal problem we are going to remember every word that support tells us, and that is a reason to hate or love a casino, if the The casino behaves very well with us and they give us quick solutions, we will be very grateful and we will always recommend that casino, one could even say that the casino could be defended when it is in trouble, now if the deal is bad and Everything goes wrong , the casino will be hated by that Player, and if that Player has friends they are able to Make them Leave that casino. A casino's lifeline? Stellar customer support. If a punter is stuck, dealing with a withdrawal glitch or whatnot, the support crew's gotta be the Avengers swooping in. Right words, timely action. Mess it up? You might as well hand them over to your competition. It's all about the respect, bro. Show 'em they matter, you got yourself a loyal fan base ready to back you up. That's just the way the cookie crumbles. |
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Alright, let's get something straight: these crypto tokens, they're pretty much the honey badgers of the digital coinage biosphere, unyielding and wildly erratic. Quicker than you can utter "blockchain," they can evaporate your investment capital. Your adventure, is an unadulterated portrayal of 'decay', which, in the financial lingo, signifies "the marketplace swiped my assets whilst I was occupied toasting to DOGE's rate climb."
However, don't get it twisted. Leveraged tokens aren't universally appalling. They resemble those ludicrously hot chicken wings you find at a local bar. While they may not be for everyone, there's a certain subset of risk-loving individuals who savour the rush. To the novices out there, here's a piece of advice: steer clear of leveraged tokens unless you're well-versed in their workings. Failing to do so is akin to showing up at a firefight armed with only a butter knife!
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Looky here, we got a Newbie trying to play the big game. Mate, you're trying to pass this off as an investment opportunity when it screams "Scam Alert" from a mile away. A one-week turn-around with x3 to x5 return, that's what, a 300% to 500% ROI? And you only need $7500? Come on, you're really reaching for the stars there, champ.
You've supposedly got your marketing, ambassadors, bloggers, and even a ready-to-go website. Yet, you're still hunting for a measly $7500? Not to mention, you're offering tokens as a guarantee before the sale. That's like selling air, mate.
And let's not even get started on your account status. A newbie? Sorry, but your credibility is about as thin as toilet paper. Take this as a friendly tip: If you're serious about pulling this off, you'll need to do way better than this rookie attempt.
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Dogecoin will be the best you can invest $40,000 in this season and have something favourable to achieve that will make you a billionaire in the society, because the price of dogecoin is too low in the market which will help you to purchase a huge amount of dogecoin in the market and hold. I will advise you to apply long term hodling in your cryptocurrency investment because many investors that used this strategies to became a billionaire in the society always paid attention to the market price. I believe, if you can hold Dogecoin like 3 years, I think it will definitely bring you a good results at the end of your investment.
I invest $40,000 in Dogecoin, wait for 3 years, and boom, I'm a billionaire? Sounds like the plot of a Hollywood movie. But hey, if it's that easy, why stop at $40,000? Let's all throw our life savings into Dogecoin and become trillionaires. What could possibly go wrong? Holding dogecoin for 3 years, that is what could go wrong. I dont think that people would hold this memecoin for such a long period and hope that they would turn into millionaires. Most probably they would be $100k worth token holders only. Dogecoin value must rise 25 times to turn $40k into a million. Its market cap is so huge, that with 25 multiplicator, they would surpass Ethereum and Tether market cap. That seems to be never going to happen. Dogecoin itself is nothing. There is no chance they gonna be pumped so much. Your skepticism is noted, and to be quite frank, appreciated. In this world of volatile digital assets, we cannot afford to be swayed by hearsay or get-rich-quick illusions. As such, your critical evaluation of Dogecoin's potential for exponential growth is both sobering and valuable. Dogecoin's intrinsic value is indeed questionable, as it was initially developed as a lighthearted jest. Nonetheless, let us not forget that the market is driven by collective sentiment and unpredictability. Although the probability is slim, it is not impossible for Dogecoin to witness a surge in value, even if it is temporary. However, I agree that betting life savings on such a volatile and speculative asset is akin to playing Russian Roulette with one's financial stability. The prudent approach would be diversified investment and rigorous risk management. |
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Currently Floki is ranked #106 on the CMC site. It wasn't bad but it wasn't great either. Yes I agree with many who have said that people who are familiar with cryptocurrencies as SHIBA will see cryptocurrencies as just a game and price driven by influencers. I don't know what Elon Musk was really thinking when he first tweeted that he was interested in DOGE. I mean what goes through the minds of people who already have billions of dollars in their pockets? I can't say this will be good or bad but I doubt if Elon Musk is promoting DOGE to make a bunch of money from it  Well, I see we have a critic of the Doge Emperor, Elon Musk, among us. Floki's position at #106 on the CMC site is indeed a statement of its own - not horrendous, but definitely not the cream of the crop. SHIBA, DOGE, and now Floki - one can't help but question whether we're genuinely investing in cryptocurrency or just dancing to the tunes of influencers. As for Mr. Musk and his apparent fascination with DOGE, it is indeed a conundrum. With his billions, he surely doesn't need to pump-and-dump DOGE for a quick buck. Perhaps it's just a billionaire’s version of fun, a bit like the rest of us playing Monopoly but with actual currency. However, we, the less fortunate, must invest wisely rather than follow tweets blindly. |
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Within the tumultuous seascape of cryptocurrency, the storm of instability is the lifeline we clutch onto, wouldn't you say? The predicament you're grappling with regarding Algorand echoes across the crypto cosmos in this era of relentless disruption. The seismic shockwaves sent by the latest SEC verdict certainly upset the apple cart. Algorand finds itself in the eye of the storm, inducing a collective, nail-biting suspense among all.
Yet, one mustn't mistake this narrative. The branding of Algorand as a security isn't the mortal blow you might perceive it to be. There's a whole plethora of securities that shine in the marketplace. The real pivot of discussion is the inherent usefulness and worth of the asset at hand.
This transient plummet might seem merciless, yet recall the genesis years of Bitcoin. It danced its own waltz of peaks and troughs before it found its stride. Thus, the question of Algorand's mortality or survival lies largely in the beholder's gaze. If faith in the project remains unwavering, this could very well be a golden opportunity. However, remember, in the unforgiving world of crypto, guarantees are elusive as shadows.
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This indeed is a deep well to draw from, friend. At first glance, both WBTC and BBTC have their charms. The crux, however, lies within their respective wrapping mechanisms. WBTC operates under a consortium of organizations including BitGo as the custodian, while BBTC is tied directly to Binance's ecosystem.
As such, the safety of BBTC is intertwined with the fortunes of Binance itself. If there's an asset blockade or discrepancies in Binance's parity claims, BBTC's 1:1 parity could theoretically be in jeopardy. On the other hand, WBTC's distributed custodianship provides a level of decentralization that mitigates such risks. I would tip my cash towards WBTC for its greater degree of decentralization, but caution is always advisable. Remember, in the crypto world, one can never be too secure.
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Is the token in the market or not because the information on the website is not clear about this, I can see that you have a 4% tax on your tokens sale, why. Meme coins are the ones that usually implement taxes like this. This is a concern to me, You also loop up some of these social DaO and web 3 related ideas and I hope you don't make things complex with your development. I will follow the project and see if the team can deliver
Regarding the 4% tax on token sales, it is not uncommon for certain meme coins or other tokens to implement such taxes. These taxes are often used as a mechanism to incentivize holders to keep their tokens rather than engage in excessive buying and selling. The specific purpose and implementation of the tax would depend on the project's design and goals, which can vary significantly. This tokenomics game isn't for the faint-hearted, right? Now, about this 4% tax on token sales, I reckon it's a staking game, not just a meme coin trope. Sure, meme coins started the tax trend, but it's crossed over to more serious tokens. Why? 'Cause it discourages pump-and-dump, promotes hodling, and stabilizes the token price. Your worries about the project being complex 'cause they're mingling DeFi with Social DAOs and Web3... well, that's innovation! You want the same old boring copycats or something that's pushing the boundaries? Sure, it's a risky play, but high risk, high reward, right? So, yeah, stay tuned, watch the space. If the team pulls it off, they could be onto something big |
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Memes are always here if you know where to look but it is a game of chance and should not be played by inexperienced traders or investors because it is a pump-and-dump game, pure ponzi, there are a lot of rugs happening every day and people are losing money it to, people won't see this but only the Pepe coins and forget the other rugs. I will advise you to invest in a token with real substance or have a chance of success and not all these dog and cat coins
Memecoins are getting very popular because dogecoin succeeded due to the involvement of Elon musk and other memecoins are just benefiting from the affect effect of dogecoin pumping. If dogecoin was to collapse, every other memecoin will rapidly crash to zero. We should be careful when investing. Without dogecoin pumping, other memecoins don't pump so we should always observe what's going on with dogecoin before we invest in other memecoins. Memecoins don't have any utilities and are pumping based on the hype surrounding the memecoins due to celebrity involvements. The next bull run will be filled with many memecoins giving investors profits also it'll be filled with many memecoins that are scams and they'll scam many investors because they'll think all memecoins will do well like the other top memecoins. Most of them will rug pull on investors therefore we have to be careful. Meme coins are like the wildfire of this landscape, their value often as ephemeral as the memes they are based on. While Dogecoin has indeed sparked an industry-wide interest in meme coins, it would be imprudent to view it as the barometer of all meme coins' health. You're right on the money when you say that these coins are largely hype-driven. Celebrities and influencers have an oversized impact on their value. However, this doesn't automatically equate to a "pump-and-dump" scheme or Ponzi. The next bull run will undoubtedly be a gold rush of sorts for meme coins. However, as investors, it is crucial that we don't let the intoxicating allure of quick profits cloud our judgement. Careful research, due diligence, and a healthy dose of skepticism are our best defenses against potential scams. |
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