I have developed a project https://github.com/peroksid90/crypto_calculatorto compare mining vs holding. Contributions and comments are welcome. For example, you have 2500 $. You can buy a miner or just invest this money to BTC. Which is better in the long run?  So at the end we see: the worst case: do mining and sell mined profit every day (red line) (7300$) the better: just buy and hold (olive line) (8200 $) the best: do mining and don't sell. (magenta) (12500 $) magenta and red doesn't include the miner market price. So actually we should add it to the profit, because the equipment price is also rise(even used). That’s a pretty great discussion that we need to participate. In my opinion I should vote for trading. As if you have 2500$ all in total, then you have spend more in electricity etc to mine the Bitcoins. Yes buy mining can give get profit, but if someone wants instant money then holding for some days can really give good profits then mining. |
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As the global adoption of bitcoin/cryptocurrency keep expanding and more countries drafting a regulatory framework that allows crypto adoption as a legal tender some indices have been used to sort out the global crypto adoption rate, one of which is the number of Bitcoin ATM installations which the United 🇺🇸 happens to have the highest number of Bitcoin ATMs.
Comparing US and with other countries is totally worthless and not necessary. But yes we need to really respect and support them for the massive contribution to the Bitcoins community. Moreover more counties would have already adapted the Bitcoins ecosystem, but they are bounded to do so due to the decentralised nature of BTC . Let’s wish that more and more countries supports Bitcoins in the near future, and we will be able to see more people showing interest in Bitcoins. |
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The dip a couple of days ago was beautiful but unfortunately I didn't take advantage as much as I should have. Is right now I bad time to go in? Should I wait for another dip? Thinking of getting several coins. Goal is very short time investment.
There is no perfect time to buy BTC if you listen to me. Don’t worry if you miss the dip, as more dips coming soon. As seeing the current price, Bitcoin has still the potential to grow more. For quick time Bitcoin can anytime reach at 60k usd. It’s always better to buy BTC rather than any coin according to me. Op please keep us updated about the profits you get next. |
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I haven’t personally checked all the sites myself, but i am sure all the sites require KYC to purchase.
It would have been great if you could have mentioned some sites or ways on how to buy BTC without KYC through Credit Cards.
Yes we can get from peer to peer exchanges, but they have certain limitations to buy bitcoins without KYC.
Will be more interested to see about the sites or ways through which we can buy BTC with KYC without doing any KYC.
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My interest before registering is mostly the teems of service. But they seem to be too summarized and don't cover a lot of aspects which most of us would like to know.
Are there Citizens of any country that you ban from using your platform?
How about your KYC/AML policy? Should we expect to be asked to verify KYC once one tried to make a withdrawal?
Hey Bitcoin_Arena, No KYC now or ever. You only need a username and a password to sign up and you can deposit/withdraw without restrictions right away. The little information that we do have about your trading history for example, will never be shared outside the platform with a third-party. We will never restrict withdrawals or bets and request KYC. The only reason we can restrict withdrawals or bets for a specific user is if he has exploited/hacked the platform in some way that we can prove. Truly anyone can use the platform if he has some Bitcoin. That is one of the edge 500xbit.com wants to maintain at all cost. And what about the blocked counties? Are you guys allowing players from all over the globe? And there are some countries whose ISP blocks from accessing gambling sites, so they uses VPN, Is vpn allowed in the site? And moreover glad to see the 0 withdrawal fees. It will definitely grab attention of many gamblers. At last it would be great if you guys can launch some sort of promotions for the users of Bitcointalk. |
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Hey guys!
I have noticed that whenever people in real life find out that I use bitcoin, they ask me to explain it to them. For example, some family friends that are my age came over to my house around 2 weeks ago, when they arrived, I was looking at crypto graphs because I had a little bit of money saved up to invest. Bitcoin was on one of the charts, so when they walked into my room, they asked about it, "You do bitcoin? How does it even work?." So I started explaining it to them, but what they didnt get was that it is decentralized. When I was explaining it they asked "Why doesnt bitcoin's creator give himself a billion bitcoin?" I told them that it is impossible for the creator to do so since he doesnt have control over the network, but after I said that, they told me that I was wrong and that since He made it, he can control it, which is incorrect. Do you guys have any suggestions on how to explain coins to non-crypto people?
That’s pretty legit story and i am sure many of us already faced it. If you are making people understand about it, then make sure you keep the explanation as basic as you can. You can make them understand that Bitcoin is like an asset which is stored online. When more is the demand of the coin, more will be the price. Regarding the decentralised part, just say them that it cannot be access by any second person or any government except the owner himself . |
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First of all welcome to this forum.
Sad to see that i am too unable to access the site.
I am able to access other gambling sites, but is your gambling site exceptional?
It will be your loss only if you don’t accept players from these major places.
And I don’t want also to use VPN and access the site.
Hope the admin fix all the issues.
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I think everyone would have a different income from bitcoin depending on their ability and knowledge in bitcoin, but clearly bitcoin impact brings a positive thing for their economic progress.
That’s true in face and i too support the details mentioned by you. But you are also forgetting the major point for which the profit also varies. It’s the investment or base amount. Like me if you someone has invested a decent amount of money then i am sure in the 20K usd to 60k usd rise of BTC, he might have got great profits like me. Willing to hear more exciting stories from test of the community. |
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Any blocked countries at the site?
Basically you can find the answer on the site if you have few minutes to visit and read. Check the Terms and Conditions page then use Control+F and search with keyword "country" or "restricted". And do you guys require KYC for withdrawal?
Also is the 50 Bitcointalk members promotion have finished?
Go back to first page or read some posts before yours and I believe you'll get the answer without waiting for the OP to answer it. Rather than checking myself and going through all the posts to check my “basic” question’s answers, it would have been better for OP to include it in the OP itself. It’s really hard to read all the posts made by other members. Also OP , do you have any plan to launch any promotional campaign for the forum members? Some sort of signature or twitter campaign can really work well for the community. Also a weekly wagered contest can also work. |
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Welcome to the forum.
It’s great to see such a beautiful ANN and promotional representation here at Bitcointalk.
Glad to see so many games already offered in the casino.
Any blocked countries at the site? And do you guys require KYC for withdrawal?
Also is the 50 Bitcointalk members promotion have finished?
Interested to know all the answers OP.
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Which COIN do you think has a long term good fundamental future? Despite the TOP coins, that you think has strong team, model and in long term they will create the value.
No doubt BTC is the best coin to invest for long term. But if you are bored of the top coins and want some new or less popular coins to hold, then let me tell you that it’s risky. As a new coin , it’s not possible to judge the coin’s potential at an early stage. I can give you another tip that, choose the coin whose marketcap is high. |
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today the price of cryptocurrency (including Bitcoin) is correcting again and I suggest you don't panic sell, but now is an opportunity for us to buy cryptocurrency that we want at a low price, so don't miss this opportunity or you will regret it when the market starts to recover and increasing again, because I believe the correction that happened this year will not be as severe as in previous years, so market conditions will definitely recover quickly and will make you get profit in the near future.
Better not to hurry while taking decisions where money is involved. Yes the market is unpredictable and always gives us opportunity. So if we use the brain wisely then we can get enough profits. All the coins along with Bitcoins are currently at great price to buy and hold. I will definitely buy those and fill up my bags. Soon the prices will increase and i will sell those in great huge prices. |
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First of all welcome to the forum.
Secondly i have few more questions to ask about the site.
- What do you mean by flash games?
- When the site will officially launch?
- what’s the max bet amount that a user can make?
- Also any blocked countries?
Waiting for the answers here.
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Hello everyone,
I am doing Trading since last 3 to 4 years And in this journey i have seen many updowns(profit and losses), But recently from few weeks i am loosing my money continuously with the same strategy i have been using since last 2 years. I don't know what happened to me. So please anyone can guide me through this situation, it will be very helpful for me.
Thank you.
First of all you haven’t shared the strategy that you are using. And yes no strategy works the second time. What can get you success in trading is that, cool mind , good calculations and choosing the best coin. If you excel in all these skills above , then surely you will get profit. Hope this encourages you. |
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We all keep listening reading every where hold bitcoin as it will keep growing in future as well.
But my question is how much maximum a bitcoin can worth and when ??
What is its max potential and when its price would stop increasing??
I know nothing can be predicted but I just want to hear your views about it.
To make it understand more clearly, think Bitcoins as Gold. As the production is fixed and it is limited. So when the demand will increase the price of the coin too increase. So in the next time in future, BTC will keeps on increasing, i guess there is no fixed point. As it’s like a valueable asset with fixed supply, so the price will just keep rising. So hold until you can hold it. |
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why does OP is not answering here now? about this new case? i believe that he keeps answering each issue here right?
what about this 200$ case , this is just peanut and why not let it go at least for another good vouch for this site?
they can just let it pass to let the complainant pledge for their good reputation as acting for the banning or freezing accounts.
No matter what’s the amount is , cheaters and violators shouldn’t be paid , let it be if 1$ also. And yes i am not taking the side of 1xbit, if it would have been any other site, same statement I would have delivered. Also 1xbit doesn’t randomly freezes account. The user must have violated some sort of terms or somehow tried to cheat system (not sure). So it’s always better to wait for the officials to look closely on the matter. |
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Actually, I heard about Staking the coins gives apy. I want to know is really a staking good idea & what will be the staking months like 1 month, six months or 1 year.
It always depends on you. If you have brief knowledge on staking coins, and can spend time on that then do. Yes they give good returns and profit, but it also too take similar time. Moreover regarding the time, it should also completely depends on you. Just remember, more the months, more the interest. |
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Binance without any doubt is my best trading platform, it is the best in the world and clearly it is my favorite trading platform.
Other exchange that i use is Wazirx which is the most famous exchange in my country so i use that as well.
WazirX is only available to Indians i guess? And also it is the Indian Oriented division by Binance only. So whether choosing the Binance or WazirX, both are managed by same owners. And as i said earlier Binance is the best exchange available right now. And yes you should try it too. You can also try coinbase and blockchain, but Binance is best among all. |
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That’s indeed a great journey and quite motivating.
And I really appreciate the choosing of perfect coin and perfect time.
Same too happened with many people who had hold the Dogecoin before the doge booms up.
They might have also made good profits from a small amount.
So at last it’s all about great timing, luck and good choice of coins.
Really op well done.
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Well, some of these people don’t just hate Bitcoin. They don’t understand the intricacies of Bitcoin and also they believe the market is too volatile. This, in my opinion is why some of them avoid it.
This is in face truth. Rather all the old millionaires don’t like Bitcoin. The main reason for this is due to the lack of knowledge on the coin. If they could know the true value of the coin, they too liked to invest on the coin. Also as they are old, they use the stock markets rather than crypto trading. These are all the facts for which some millionaires hate Bitcoins. |
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