The New York state gaming commission has issued a request for the proposals which are due 10 December apparently which would raise the gambling tax to 64% ( proposed) it's already way over the top. They have also issued information about the unlicensed casinos in the area. They wanna choose the official tenders, therefore these measures are supposed to attract those parties. These statements are inherently contradictory. Jacking up your gambling taxes to 64% is not going to attract anyone to establish in your state. Rather, it is just going to be encouraging illegal junket activity for than anything else. Certainly not something that you would want as a regulator. If the aim is combatting illegal gambling joints, this is certainly not the way to go. If the aim is to raise more revenue, this is not the way to go either - search up "paradox of thrift". |
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I think that oil generally performs very well as well?
Although I'm not too sure whether this relationship is going to hold up in the long term future given that oil is certainly not something that is being pushed by governments/corporate right now due to the move to electric.
I don't think that stagflation vs. inflation has any true bearing on bitcoin performance honestly.
Bitcoin is an inflation hedge at the end of the day and regardless of the state of the economy, it will rise when inflation hits.
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I actually disagree with a lot of the reviews here.
I think that 1xBit should still be considered a very shady entity at the end of the day until proven otherwise - there are still a ton of unresolved cases that just get thrown out the window.
Although undeniably the communication has been better with the new management, it's still not enough to justify anyone playing on this site seriously.
Also, getting newbies to post on the ANN thread may be a breach of forum rules as it artificially bumps up the 1xBit thread. Something to consider to stop doing.
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Thanks for the early repayment!
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It has been a while I have created a cryptocurrency blog site. I used to produce content back in the days but due to some personal works, I couldn’t. So, I hired a writer who is now writing for me.
Now, since I have expenses for writing contents, I need little amount of cash to continue the expenses, at least for covering the fee for the writer.
My site has 200-300 visits a day depending on the number of contents I post on the site. It gets higher when I publish more. Visits are mostly from facebook cryptocurrency related group. Very few are from organic search.
What is the best way to monetize such a small site? I have applied for publisher account in bitmedia.io but they have declined my application. I don’t want to put google adsense as they require my personal info to send out the payment. Any suggestion you think would work for me to generate little cash?
You could gently push some affiliate links to your reader base. Right now I don't think any major ad platforms would be willing to take you on, simply because of the lack of clicks. If you are serious about this then maybe consider investing some time/energy/money into a site redesign & advertising campaigns for your site to expand your audience. The smaller, more niche advertising agencies could take you on, but you would get a measly few cents a day - not worth it. |
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How are these ratings conducted?
Doesn't seem that impartial to me given that most of the names top 5 I haven't even heard of before today.
If you want to really maximise your reach you need to position yourself as a fair judge of sites, and not just another site that is trying to push its affiliate links - there are plenty of them out there already. That is my honest two cents.
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A few of my friends are struggling to get a job. They are in their mid-lives and the country they live in is particularly difficult to find a job at a certain age. Also, when some recovery was being noticed after the 2008 - 2012 crisis, COVID struck hard on an economy with a strong tourism sector. Meanwhile, I made some choices that landed me an stable and reasonably paid job that also leaves enough time to do other stuff that generates income or reduces my costs if I wish to do so.
What is the situation in your country and for yourself? Would you be able to land additional work for example working with crypto, selling stuff on-line, youtubing or something else?
Personally, I'm okay with taking on some side hustles but definitely not any further major commitments at this point. I think that COVID has really diveded us into two categories that form quite the dichotomy. One is the hospitality/tourism industry that is struggling big time due to lockdowns, and the other is the overworked population that are WFH. I've heard horror stories of WFH from my friends working in financial services - they seem to be stretched beyond imagination already. |
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Hopefully, this disaster passes quickly and we can get through it safely. Stay healthy and respect each other. Try to always have positive thoughts, because if we think too much about current conditions, then we will be more stressed, when our stress levels are higher, then this will also affect the body's immunity, making us more vulnerable to attacks by many diseases, including cov19. As long as we are healthy and take care of each other, I believe the economic condition will improve.
The thing is that there is virtually no reason to be optimistic. What we are faced with is actually completely normal if you think about it - fiat has historically lost its value insidiously and this is simply one of the instances where the effects has resurged after being subdued for a few years. High inflation is the norm, not the exception. You need to hold store of value assets like BTC to protect yourself from currency depreciation - that is just the cold fact. Blind belief and prayer is not going to work. |
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Now you'll find that the essence of currency is still consensus, and its value is given by consensus as well. The collective consensus will gradually render Bitcoin a world currency. No one can resist this trend but adapt to it.
Very interesting and thought provoking. I actually completely agree - no single currency has "intrinsic value" in that nature has deemed it money, but rather the value is derived from adopters who deem it to be valuable. This is true of fiat, bitcoin, gold, you name it. But what separates bitcoin/gold from fiat is that people's beliefs are justified, as there is no centralised entity that is overseeable the supply of the currency. So that is another dimension to the question. |
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I speculate that cryptolending will be one of the biggest services in the cryptospace. Loans with illiquid but valuable assets similar to NFTs will be the next big market.
You're absolutely spot on for this. Expect to have increasingly complex services and formulas to calculate the value of the collateral and how much loan amount can be given out to be developed. With the rise of alternate holdings to BTC there will likely be a range of collateral that these services have to tailor for. But this is a positive development for sure and hopefully homeowners who are also crypto adopters can find some way to leverage this offer to their advantage. |
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There is definitely a real risk that you may be getting funds from frausters when you sell bitcoins on a p2p platform.
Especially in India, where regulations seem to be extremely tight, you need to be very careful not to deal with anyone who is even remotely sketchy.
I would say that you should deal in cash deposits and ask for receipts whenever possible and wherever you are, because that is the closest thing you will get to irreversability and untraceability. That is certainly the norm here in AU.
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I think that we won't necessarily see a "winter" per se this time round.
There is just too much institutional investment and actual fundamental growth for prices to collapse down to less than $20k. I personally believe that we will see strong support at that level (which was the previous bull run's major resistance) going forward.
Although, I don't necessarily expect the bull run to continue either - 6 figures is likely out of the question for now.
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It's a very interesting point that you make.
However, I don't think that some of the assumptions are true.
You mentioned is that countries will see a tapering off a quantitative easing and the like due to improvements in their economic outlook - the GFC has told us otherwise and interest rates remained low for years afterwards, and tapering off any sort of economic stimulus is generally not very popular with the masses.
Plus, I don't think that BTC adoption/growth is necessarily driven by the availability of cheap money - rather, it is just its own asset class with very little correlation with the fiat economy.
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I genuinely think that in the long run, there should be a causative relationship going from inflation to bitcoin price.
Fact of the matter is that bitcoin is a store of value for the long run, as proven by its explosive growth over the last decade. And given its fixed supply, and its status as a global store of value now, there is no doubt in my mind that it will act as a hedge.
And when development in the fiat economy stops, keep an eye on for these exciting crypto projects that are popping up right now that are shielded from the effects of the fallout.
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There is virtually nothing that you can do.
It's the same idea as trying to "pick winners" in the stock market - what you are doing in essence is futile, a waste of time, and you'll probably end up having to cough up more in fees than your profits.
Also consider this - offerings are generally made when the project is most "hot" or when the entire atmosphere/sentiment in the market is at a high. Do you really think you'd be able to pick the few survivors out of thousands of uncompetitive duds? I think not.
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With the recent changes to Bitmex's fees, Bybit's fee structure definitely looks a lot more appealing especially for aspiring market makers.
However, the KYC is definitely a drawback (although expected at this point).
I would also add that I would never invest in the DeFi mining or cloud mining products that they offer. Sure, they might be a legitimate exchange ,but that doesn't necessarily mean that their offerings are going to be profitable - in fact cloud mining in general seems to be a very grey area that is not well policed and is laden with false promises.
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That used to be done by many online poker houses. They gave you a free bankroll, small, and there were a few of us who managed to withdraw quite a lot of money from that bankroll. Nowadays I believe that this is no longer offered or has been reduced to a minimum due to the regulations. For casino games, crypto or not, you have to be very lucky to be able to withdraw because of the wagering requirements.
Most casinos stopped such withdrawal, maybe available in some of the new casinos but that also ended in chaos when someone won huge amount but the casino says that they only allow 100 dollars to withdraw which they later added into their terms when someone got huge amount of luck. Indeed. Most faucets are riduculously small now and big wins from them are much rarer than they used to be. When there were still primedice whitelisted accounts I've genuinely seen people win more than 0.1 BTC from just the faucet alone. But now with all the terms and conditions this is no longer possible. Oh well, a price to pay for mainstream attention and adoption. |
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I honestly just think that it's the overall continued enthusiasm of retail investors and institutional investors that is pushing prices up continuously. We'll see if $50k does get breached though.
Don't think that there are necessarily any whales per se that is buying things up out of their routine - that is a tall tale at best to justify this event.
Fact of the matter is that we simply cannot attribute these pumps to one factor alone, the market moves almost randomly at the best of times if not irationally.
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It depends on which country you are talking about . in some countries the regulation of crypto is clear that crypto cannot be used as payment. if caught by the government and their business is running legally in the country, there will definitely be problems for them later for violating government rules and policies.
Actually, no. In most countries there is absolutely nothing wrong in terms of accepting crypto. And after all, who can stop you if you wanted to accept crypto as a form of payment for private transactions? Regulations of crypto generally is imposed on financial institutions, not retail venues. I don't think that there will be a huge regulatory concern over casinos accepting crypto per se, so long as the casinos abide by the KYC/AML legislations - there will likely be a bigger problem with accepting/paying winnings in cash. |
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