DeFi is not like cryptocurrencies

Fiat and cryptocurrencies cannot live (well) together, and in this manner, it is possible to say that cryptocurrencies are threatening fiat (even if purely hypothetically). But financial services are just services rendered by one or another company. If they are now providing them in a decentralized fashion, the same services, can we then claim that there is some kind of threat involved? Personally, I don't think so. It is not correct to speak in terms of threat or danger here. It is the same stuff but done in a different way, yet another different way as there can be many, actually dozens

In fact, that remains to be seen

If the dollar depreciates and Bitcoin appreciates proportionately, there will be no real gain. Yes, Bitcoin will be worth more in dollars, but will it be worth more in real terms? To actually benefit from holding your funds in Bitcoin, it should rise faster than the rate at which the dollar loses value. Only in that case you can say that it is worth the effort compared to other investment assets which are going to outperform inflation (stocks, whatever)

And you have just explained how it can make a country more powerful without even making its economy any better. In other words, if the digital yuan turns our more convenient than the non-digital dollar, this alone will make China more powerful on the international level. It won't necessarily make the yuan stronger than the dollar on its own, but it will certainly make the dollar weaker. And from the Chinese point of view, that may be a great deal already, a big step forward

As the saying goes, well begun is half done

The short answer is, it depends

If this currency is used only within China, it is not going to change anything. Well, if it turns out more efficient, it may help China a little, of course, but I don't think that much. On the other hand, they are developing not only the digital variety of yuan but also a kind of regional currency. This is a different matter, and since many Asian countries such as Japan and Korea have already expressed their favorable attitude toward such a currency, it may be a game-changer for this corner of the world (read, the dollar domination may be undermined)

Yes, you are right

I checked doges, and for me the basebet is 0.38 doges for flashbet. It basically proves that martingale is a statistically winning strategy on a finite timeframe that could be used to drain casino dry if a lot of people started to use it wisely provided certain conditions are met (like very small basebet amount). With that minimum bet, martingale becomes less than useless. Flashbet enables such use, so it is rendered innocuous by a high minimum bet amount. Actually, I wrote about that too, many times in fact, that no casino would allow to profitably use this strategy en masse

I don't think this is the case with Wolf.bet

And if I remember correctly, there's a discussion somewhere in the bowels of this thread on the matter, with some feedback from the casino. In short, they are not a dedicated dice site as they simply lack enough resources to build more complex games and keep up the high standards they seem to follow. In other words, they go for quality over quantity, and this is a good thing if you ask me. Were they the first ever to come up with flashbets and how many other casinos have implemented this feature by now?

I was a starter of one such thread not so long ago

Here it is, for the inquiring minds. As the poll results there have shown, in order to be a decent Blackjack player, you must count cards (apart from it being a legitimate skill). Given this and with respect to the land casino environment and circumstances, it all eventually comes down to how good you are at both card counting and hiding your mindwork from the casino



Put differently, now you should master two skills instead of one

There are many reasons why people may prefer gold over Bitcoin

Bitcoin largely remains a speculative asset while gold is a genuine store of value, although some consider Bitcoin a store of value too. Physical gold is better as a store of value partly because it doesn't rely on anything other than physical laws which are unlikely to change in the foreseeable future and turn your precious gold into useless lead. Bitcoin, along with its cryptocurrency brethren, on the other hand, is much more vulnerable in this regard, and anyone who is seriously going to challenge that point should first check their sanity and intelligence scores

On the other hand, it will give a boost to healthcare

Sooner or later, people will find a way to live with this virus even if it won't be possible to eliminate it completely (which seems to be the case). Somehow, we now live with HIV, and given that the amount of damage that the coronovirus causes doesn't take years to pile up, it is rather sooner than later (we simply don't have choice). Personally, I tend to think that 2021 won't be a lot better in terms of economic development because the effects are long-term

Yeah, they say that hindsight is 2020 but who saw this coming?!

Other than that, a great deal of things require time to develop. And what adds insult to injury here is the fact that some changes go completely unnoticed all the way down the road, and then, boom, here comes a quantum shift and you find yourself in an entirely new, sometimes alien world

You are on the right track

Though not still there. You should sell not just the amount you need for your everyday expenses, but a somewhat bigger portion of your stash so as to be able to buy back at pullbacks. When you eventually get the hang of it, you could live entirely off the volatility in the cryptocurrency of your choice (and while we are at it, Litecoin seems to be the best choice). Now add strong fiat inflation to the mix, and you will see how you can use it as a leverage or multiplier

My desire to stay well informed is at odds with my desire to stay sane

I think the dangers and fears of using a cryptocurrency payment card are greatly exaggerated

I don't know for certain (as I don't have such a card yet), but it is safe to assume that you will be able to set limits on how much you can spend daily. So even if the hackers scan your card, they won't be able to steal all your coins from the exchange. Moreover, the card account is a separate account on Binance, while you can move your coins freely between your accounts. So just top up your card account at a bare minimum and you are good to go


You are looking at it from the wrong angle. It is not about crypto weakening fiat. Rather, it is about fiat strengthening crypto through the failure of its own, the process which we now have a chance to witness

Bitcoin is not the only pebble on the beach, not the only fish in the sea. I emphasize that point in the article


As above, it's not so much about Bitcoin as other coins. And while Bitcoin can be considered an island of stability in the volatility-torn world of crypto (to a degree), you don't really waste your store of value on everyday needs. It means that the vast majority of people will be spending anything crypto-related but Bitcoin. And that makes such payment cards, the ones which can be linked to a bunch of cryptocurrencies apart from Bitcoin, even more interesting as with them you can build sophisticated strategies to turn the tables in your favor and take advantage of fiat currency inflation

I would call that the inflation tax in reverse. Kind of financial aikido

The truth is, you don't even need a single bitcoin of your own

If you can successfully pit Bitcoin's volatility (or volatility of any other cryptocurrency, for that matter) against fiat currency depreciation, you can borrow bitcoins with depreciating dollars and then turn the inflation tax to your advantage. As long as an asset's volatility exceeds the inflation rate, you can live off it, essentially making inflation an asset in its own right, not a liability as it always wants to be

Indeed it is better that way

If they destroyed the Darkweb in its entirety (let's assume they can, which is not set in stone), something more resilient and resistant would inevitably pop up in its place instead (like Monero instead of Bitcoin). There's some point of maximum effect, and it certainly lies somewhere between full control, when no criminals are any longer using this network, and complete elimination, when they start to use something else, with the outcome being essentially the same. Simply put, it is a matter of proper balance and choosing the lesser of two evils

Лол


И какой из этого вывод?

Правильно, нужно ожидать мощную коррекцию перед самыми выборами. Какой там фонд держит полмиллиона битков? Вот ему будет кайфово зашортить биток "на все" (ну или на часть всего), а потом обвалить ценник на два-три килобакса (по самому минимуму), а потом откупиться на лоях, и, таким образом, еще больше нарастить свою долю на рынке (читай, монополию на манипуляцию этим рынком). Практически двойной профит

We rose way beyond 30%

The current rally started from around $9.5k and now we are at $13.2k, which produces a rise of about 40%. In general, it is not about whether a correction is going to happen but rather at what price levels and how deep it will be. We may still have some momentum to climb higher, but it just brings its onset closer and likely making it stronger at the same time


Right, every bull run eventually ends with a bull trap, but some folks always forget this immutable truth and harsh reality of trading, and crypto trading in particular

Personally, I don't think there are many "sour losers" in the casino context

Even if we feel frustrated at our losses and greatly disappointed with our success rate (or lack thereof), sometimes even become angry all the way down to openly aggressive and belligerent, most of us rarely blame the casino (it's childish) unless there are good reasons to believe that the odds have been rigged (but that's a different story). More often than not, we don't blame the casino, but tend to blame our ill luck. I think in terms of feelings it is still six of one and half a dozen of the other, though the object of our hatred is different indeed

The Binance card is a debit card

It is linked to your exchange account, more specifically, a card account, where you can move funds from your other accounts on the exchange. In that fashion, you don't need to manually convert your coins to fiat before using the card (as far as I got it). The conversion is processed automatically when you use the card (buying something or cashing out), though I don't know at which rates. But they should be close to market anyway because Binance is the largest exchange out there and can easily operate as a crypto-to-fiat gateway. It seems to me that you will be able to convert your cryptos yourself as well and use fiat as the card reserve