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Oh yeah right, the FED things. They are the ones who are going to put America in jeopardy. I am really not obliged to say this because there are always certain limits to accounting and one can never settle the balance sheet if it has gone too far. With the money getting printed out of thin air, they are going one step closer to getting a jobless America and historical moments such as collapsed developed nation. Don't take it in a fun way but there are still many people who think that America is really on the right track and they are managing the world's most important reserves to stabilize. That is itself a joke on them.
In those 14 years, the pandemic 2 years were most crucial for the FED's when they started giving away COVID stimulus packages. From what reserves the money came in no one knows til the date. Where is the accounting sheet for all that money? Was it tax money or was it just printed or did the government sell any assets for that purpose?
Nothing, no data. If there is any then I am sure its cover up as usual.
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Thinking about how trading strategies need to always be changed and how one strategy may not work for a long time, what do you do with the strategy that you are about to change. do you just forget about it completely once a new strategy starts working for you? or do you keep it in remembrance for the future. If you have experienced this before; has any old trading strategy that you decided to apply work for you? Is it possible that old strategies may work in the future again?
My calculations are way simpler. I am going with the flow and if it is working for me then I am not changing it sooner. If the market situation starts changing dramatically then yes I adapt accordingly. In many instances, I do stop trading as well. The later stage comes in my life if I am losing too much money on trading and I am not getting hold of the market by doing any sort of changes. For example, changing the trade timing, portfolio upgrade, TA at different chart points, and much more. However, I am mostly trying to be the long-term holder and it makes me realize that it is what keeps me risk-free. I have read on the forum itself somewhere, unless and until you are not selling your portfolio you are not going into the losses. So any of the methodologies is not working as mentioned above then I am simply not selling and holding until dust settles. |
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G20 is happening but the leader of this meeting that is Nirmala Sitaraman is something out of the box. No hard feelings but they could be a little off track during this meeting and may bend rules which we don't like or may not like once it is over. Nonetheless, it will have an impact on a global scale because together these countries contribute a large chunk of Crypto Users. Let us assume that they form a treaty that is in favor of the cryptocurrency then we are all set and there would be a nice movement towards crypto buy and sell, which could skyrocket the volume as well. ~
In the current time of globalization, it is not possible for one country to effectively implement these regulations and thus this decision for collective effort might work better according to me. The event is headed by India which has draconian taxations implemented on cryptocurrency users and all they plan on doing is to have a collective draconian rule elsewhere so that people will not have the freedom to trade cryptocurrencies. BTCitcoin is a global currency with freedom and the government wants to take away that freedom in the form of regulation. Yes, this is another frightening fact about it. India has as much as 30% taxation on the crypto transaction + they are charging 1% TDS. That is the commercial taxation rate for an individual which is really hard to digest, to be honest. That's why I mentioned either it is gonna be a global changer meet-up or it could destroy the dreams of millions. |
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Just wanted to say now I do feel that 43 sat/RP from WoF makes me feel a bit regretful I'm collecting my spins as I guess by the time I redeem all my spins, I might have lost 10-20% of the potential rewards thanks to a BTC price that is getting stronger every day lol All I need to do is just not do anything with my balance and let interest pay off more than that  Everyone must be excited about Bitcoin again, for sure I am!! Yeah I feel that because I am also holding more than 400 spins right now. Last time I posted I had some 300 and now my goal expectation have increased a lot. I believe I am in good position to roll but it’s the number that I want to increase and obviously who doesn’t want more rewards for keeping such high patience. I mean I also deserve 50 sat/rp per roll or may be 5k as well.  What do you guys think you would do in such case? Will you roll of them or just get over with the spins and make up whatever reward you will receive with it? |
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I don't really agree with what is being said in the OP. I mean it's a trillion dollar worth of market cap and it can not just go down to the sink like that. The crypto market is on the rise because it has shown the resistance to last fallen market cap and now it's recovering from the losses. Whether it was FTX whether it was a change in regulation at some government's doorstep or anything else that impacted the crypto space on a mega scale. Those were the sinkholes that are now getting patched and filled and I am pretty sure that we will go to the unimaginable price per bitcoin in the coming time.
Pick up any news article right now and we have a positive boom everywhere. I call it a positive and win-win situation while doing a factual analysis of the same. Crypto is also moving towards big event of bitcoin halving and thus we always see up surges around that time period. It could be one of those!
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Well first of it's good news from the perspective of those who think it is fine if the government regulates bitcoin BUT, it's even better that they are at least allowing the use of bitcoin within the country. Similar news is coming from Taiwan, where all the crypto regulations are waiting to be handed over to MODA formerly known as the Ministry of Digital Assets. However, they will be regulating only the assets which are reputed and running since the beginning. To put it simply, they are more than happy to accept bitcoin and other coins and regulate them however they won't be accepting the NFTs because FSC thinks it is a noob asset and there are no fixed commodities/products that are connected with it. NFT can be a million things at the same time so more focus is to be given to bitcoin/alts. The main reason for the regulation? Well, Taiwan's decision to regulate the market is due to the fact of FTX collapse. Taiwan will soon have special legislation to regulate cryptocurrency and its Financial Supervisory Commission will be in charge.
Huang Tien-mu confirmed this to lawmakers in Taiwan’s parliament during a hearing about global banking stability. Bloomberg initially reported the FSC was set to be announced as the regulator, citing sources in the legislature.
Wayne Huang, co-founder and CEO of XREX, welcomed the news, saying that the industry can only grow when it's regulated.
“Our next steps would be for the virtual asset service provider industry to collaborate with the FSC to define regulatory operations,” he said, saying one of the first steps is to form an industry self-regulatory body to help develop a set of rules.
Reports say that the FSC won’t be regulating NFTs. Local Taiwan media quote the FSC's Huang as saying that as NFTs are still emerging as an asset class, it's too early to regulate them.
“Due to the extendability and composability of NFTs, they can represent a broad spectrum of things ranging from commercial products to commodities to securities. Therefore the FSC likely needs more time to develop a proper set of NFT classification guidelines,” XREX's Huang adds.
Taiwan has two financial regulators: the Central Bank of the Republic of China (Taiwan’s official name) and the FSC.
The Central Bank regulates monetary policy and foreign exchange regulations while the FSC has a broad remit over everything from banking regulation, securities and futures, to anti-money laundering.
“Getting the balance between experimentation and investor protection is the order of the day,” says Alex Liu, CEO of Maicoin.
Some in Taiwan’s parliament had called for the newly-established Ministry of Digital Affairs (MODA) to be the chief crypto regulator, though others have said that the Ministry is relatively inexperienced in regulation compared to the FSC.
“Militaries use guns and bullets. Let’s say they started using laser guns. Would you expect that to still fall under the defense ministry or a new department of directed energy weapons?” Liu remarked.
FTX pushed Taiwan to regulate
Historically, Taiwan has taken a hands-off approach to crypto regulation only regulating the asset class under the framework of controlling money laundering.
Last September, authorities approved 24 crypto platforms under the island’s AML compliance system.
However, the collapse of FTX added a sense of urgency to Taiwan’s regulatory push as the Taiwanese were one of the largest users of the exchange per capita, attracted by its relatively high-interest rates for USD deposits compared to local banks.
An initial framework for the law is expected by June, with an initial draft for later this year. Taiwan’s Crypto Industry Welcomes Regulatory Announcement
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What sort of Bitcoin services would you like to see get built out? And what do you think is required for mass adoption, let's say onboarding the first billion people? We never stop and we never learn about it. Why do we need billions of people to be onboarded and possess bitcoins? Has it got any first thoughts associated with the increased prices and stuff like that? Then let us drop the idea right there. Bitcoin is designed in such a way that, it will deplete the reserves slowly and increase the demand with the timeline. This will automatically create hype and raise the "value" for bitcoin and every satoshi unit that you can buy. The problem started when some brainiac used the entire idea of bitcoin to make millions of dollars. They brought in centralized exchanges and got the money from Crypto Investors who still think they are in the crypto sphere. However, they left the Cryptonian space the movement they handed over their coins to an exchanger. We can't expect billions of people to use decentralized exchanges, the way we have taken our first steps through bitcoin's journey as I mentioned above. ..& let us not bring in alternate network into this mess, because it is same thing all over again with more centralisation out of decentralization claims. Funny. |
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Gonna rely on the single method in the trading world? You better be ready for various types of strategies to overcome your losses in the long run. By the way it’s not as easy as it sound. Just having few months to a years experience isn’t enough when entering into the crypto trading. The market is so volatile and unpredictable that one method may not continuously work on your trading for that particular trade zone. People are plotting dozens of graphs to understand the next move of crypto and here we are just relying on single only method. That ain’t gonna work for very long mate. In addition, it’s highly risky to put all the faith in single income source. Better yet manage that properly.
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It seems that the community still has got mixed feelings. After so many years and we are still arguing about scalability issues. Like, one says we have low transactions, one says we can use a lightning network while some debate about the liquidity issues in a lightning network. I don't know but this definitely makes me think, bitcoin has not been developed properly nor has the issue been resolved fully.
The VISA, definitely we cant compare them with the bitcoin because let us face it, we are missing that piece of code that will make the original bitcoin faster or at least comparable to it. Let us face it, VISA is good thought their settlement is said to be real-time, the money transferred is netted after hours of time on the server but it works just fine!
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This is another loss by another company that is solely based on lifestyle and media niche. They are one of the companies who are accepting and supporting crypto through their digital nonfungible token called Rabbitars. These were accepted and valued in exchange for the valuable assets that the company was listing. Whether it is a signed photograph to some lifestyle charting, everything was getting paid in terms of NFT only. The company started this Ribbitar project in October 2021 and soon it got valued at $327000 and it was a net carrying value until last year-end. In a recent publication, they stated how they have lost money from heir balance sheet due to the volatility of ETH. Since they were accepting the payments at the highest price of ETH as well, soon their NFT got devalued as soon as the market crashed earlier. The Playboy group, noted as PLBY group got an impairment loss of $4.7 million dollar. Though it may not sound that a big deal, for the company, it was mismanagement with their balance sheet and acceptance of payment in a highly volatile environment. Will it affect the future decisions of accepting payment in terms of crypto? PLBY Group (PLBY), the parent company of the late Hugh Hefner's Playboy enterprise, said it took an impairment loss of $4.9 million on the ether (ETH) it held last year, as crypto winter created a significant decline in the broader market prices.
The lifestyle and media company said it accepted ether as payments for its “Rabbitars” non-fungible tokens (NFT) launched in 2021, which it holds in its balance sheet as digital assets, according to an annual filing on Thursday. The value of the digital assets sits at $327,000 as of last year, the filing said.
A previous filing shows the company's digital assets, which it refers to as Ethereum, were worth $1.75 million as of Sept. 30, 2022.
The company explained that the company accounts for its digital assets as “indefinite-lived intangible assets,” which are subject to impairment losses if the fair value of the assets fall below their carrying value, at any time. The impairment losses the company takes on the digital assets can’t be recovered, even if the fair value of the assets rise after taking the impairment losses.
“The market price of one [ether] in our principal market ranged from $964 to $3,813 during the year ended Dec. 31, 2022, but the carrying value of each Ethereum we held at the end of the reporting period reflects the lowest price of one Ethereum quoted on the active exchange at any time since its receipt,” according to the filing. "Therefore, negative swings in the market price of Ethereum could have a material impact on the company's earnings and carrying value, while only time a rise in prices will impact the company’s earnings positively, is when the Ethereum held in the balance sheet, are sold at a gain," the filing said.
The company launched its “Rabbitar” NFT project in October 2021, during the peak of the crypto market. Ether, the native token of the Ethereum blockchain, lost about 60% in value since October 2021, according to TradingView data.
Earlier in 2021, Playboy entered into NFT and blockchain technology industry with its NFT drop called “Liquid Summer,” which is a collection of digital artworks created in collaboration with the artist Slimesunday. The collection, which minted in May 2021, features archival photographs of Playboy model Lenna Sjööblom – the so-called “First Lady of the Internet.”
However, these NFT drops weren’t the first foray for the company into the world of digital assets. In 2018, Playboy TV began accepting bitcoin (BTC) payments. In June, bitcoin payments expanded to Playboy.com. Playboy Lost $4.9M on Ether It Accepted as NFT Payments |
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Signature and Avatar is up to date.
Current post count: 1510 ( including this one )
Thank you.
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In my opinion, I think referral bonuses are typically waste of one's time because of its processes that seems so impossible to claim and recently I came across a thread https://bitcointalk.org/index.php?topic=5437603.0 seeking for Casinos with paid referral bonuses and I tool out time to read most of the responses there and they all seem impossible to claim referral bonuses. I wish to know if anyone has successfully claimed referral bonuses and how easy was the process and what Casino did you claim those bonuses Yes, me too not getting involved much in the affiliate marketing of the casinos. I would go and be involved with amazon product selling instead of casino affiliation because they have far more restrictive claims. For example, they would tell us to have 10 referrals first and they must wager $500 bucks either per account OR cumulative. That really high wagering and most of the time referred users never reach that much goal. We literally end up fading with more and more investment in affiliate campaigns. Also in the end the referral commission is only 10%. It should be more than that considering the amount of money that is shared by the casino itself. We know very well they spend huge money on promotions and contests and what not, but they would only share a little over affiliate publishers. |
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High possibility of partaking in the new goals of the financial system. They might wanna break the western world bond in terms of rules, and regulations, and also heavy charges are always incurred in the USD. Asia is one of the continents that's highly advancing and is better at doing it as compared to the US. I mean the US is all gone into too much hype and recent debts are even more than what they had last year and so on.
I am not sure if Asia is the reason Bitcoin is moving towards newer prices but it does have lion's share in all of these. The use case mentioned in the OP is something that denotes progress in the crypto space and the contribution of Asian countries.
Let us embrace the power of developing nations and many of them are really above developing, to be honest but it's the western media that shows only the poor side of it. Anyways some of the westerners could not digest that. Let us hope the quest of embedding the blockchain and bitcoin into the system keeps rolling like this all the time.
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This gets me thinking that centralisation is truly corrupted and everyone at some point thinking about themselves no matter what. It’s simple, when these bankers are working there is high chance of manipulating the system in terms of different schemes. For example, someone might just bribe them to show higher income and lend money accordingly. Anything from paper to pen can be managed in the centralised world and that’s what happening with the banks.
It is clear that if they have balance sheet issues then something must be cooking to benefit on individual to team level. Overburdening the system with high outflow of cash and then big loans getting settled with other schemes can cause banks to go towards bankruptcy.
The shits repeating again and again all the time.
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Interesting! Just spun my daily WOF spins and I get 50 as base prize yet, so the limit where it goes below is 25,000$.
Earlier, I had speculated that the size of the base rewards of the wheel of fortune might start decreasing in the range of $30k-33k, but it looks like the freebitcoin team decided to lower that range to $25k-26k. As an example, here is a post of a user who used spins on May 8, 2022, and his base reward size was 47 sats while the BTC price was in the range of $34k to $35k that day. Interesting calculations, but dropping the base prize by 3-4 units here and there really does not matter to me since it will still be an added bonus from the WOF. Moreover, they are reduced based on the fiat conversions mate, giving you the same prize but calculating the prize distribution in terms of the fiat valuation of that satoshi. If Lambo costs 200K then whatever the conversion of bitcoin to USD at that particular time period, that much only you will get. I am keeping it simple. You are getting what you deserved considering its nonending bonus points. @uneng's WOF is damn crazy. Just saw the quoted link to that post. Now tell me if you are going to win that many RP's in a single go then who we are supposed to argue about it?  Dude bagged 21k and 19K ~ RP and sats. That is a crazy reward. Good for them. |
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If we take into account your reference to scamming then we should also stop advertising ICO agendas, we should stop promoting any altcoin project that is mostly going to be doomed in the future, or we should probably ban the casino’s who can get shut down or could turn out to be scammer's. If you also visit the bounty section then there are ton of bounties which are leaving the forum without any payments to the participants. Exchangers- they are driving crazy these days. Many of them are used, talked, shared and published on forum, what about them? They are ticking bombs all the time! If we started counting back, then we may just need to keep development and technical related threads and meta. Rest of the forum can be deleted. |
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Seems to me perfectly normal. Depending on your country must be feeling the difference actually. Whenever you are in the trading market remember that most of the western world drives the trading chart because most of the heavy investors are from those lands themselves. If you are working on the weekend then it is by nature the perfect holiday for westerners. They would care less about their work or job and thus they will be enjoying their lives to the fullest. You can always see peak hours are on weekdays because all the individual to institutional investors would be making their important decision and investments during the weekdays. I am pretty confident this is the prime reason you are seeing such slow movement on the weekends/holidays.
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I'm not sure, but I think what he meant here is that crypto projects shouldn't be using banks for their overall fiat holdings. Especially now that Silicon Valley Bank is trying to cut ties with crypto-related startups.
This makes me think, if we cut loose the banks then how does the economy will work for bitcoin? Like I am talking in terms of fiat valuation and those rotating funds. If all of a sudden banks are discontinued then we will have to count in bitcoin in terms of bitcoin itself. You know those old days when we used to say 1 BTC to 1 BTC kinda formula one more time? Why is that so? Since right now bitcoin is measured in USD (& subsequently with other currencies) and this valuation is there because that much USD is moving around the world to buy the proportionate amount of bitcoins. Let us say we are sending bitcoin from New York to Scottland, it will be counted as 1 BTC in NY while 1 BTC in Scottland. However, when it will come to withdrawing the 1 BTC for fiat, then they will do the conversions accordingly and pay the receiver that much amount in sterling pounds. Ain't that going to change with such transactions?
Coming down to the OP, yeah we have P2P, the most anonymous way to do it. However, with ever-growing KYC regulations that are also an exposed option. You can have someone from your friend zone and trade with each other. |
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Some will call this a stupid question 😅 but yea, it's just something that came to my mind today after giving a lot of thoughts about Bitcoin.
Is possible to open a personal savings account in the bank and always send money to that account and when you are ready to collect the money, bank will give it to you, my question is, is it possible to also creat a Bitcoin wallet and always send Bitcoin to it as a savings? if you do that for some year without going back to the wallet, will anything happen to your Bitcoin or the wallet?
We should ask stupid questions before doing any stupid mistakes. So I am pretty sure that's a completely fine question. Reading through the doubt, yes you can always save up money in your bitcoin wallet and also enjoy the benefits of its returns over a period of time. For example, in a bank, you can have let us say 6-7% interest on your savings per annum. On the other hand, it could be more than 10-40% or even higher for bitcoin in a year. Obviously reverse is also true but over time we have always seen an upward trend with the bitcoin. I am 100% sure that you can have your way around hardware wallets or cold storage so that you can keep them safe. The only risk is losing your private keys and passwords over a period of time. Better yet keep a routine to check them now and then, and you will be good to go. |
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Hi guys
Nowadays there are so many crypto trading strategies in practice but the true challenge here is how to continue trading with out being obsolete as we know efficiency brings profit
Zero knowledge about trading? Just go for the HODL strategy. Best on the market and the least risky as well. You can always choose this strategy at any point of entry. All you have to do is keep DCAing everything so that you can have a lesser risk of losing money on the bear trend. Mostly I am following this because I am working and I can not always focus on trading strategies, learn it or give a lot of time on the charts. For me, it is better to just hold my portfolio and keep looking for major upward and downward trends. I keep profiting on very low margins and just keep growing the satoshi that's all. I know in the future it will surely help me grow big. Imagine prices going 2x or 4x in the next decade! That kinda of timeline I am talking about for the type of trade that I am doing. |
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