Blockchain24.co have posted an interview with Joshua Frank, the TIE’s CEO, about cryptocurrency manipulations. TIE is monitoring the case of fake trading volumes, and according to Frank, this is a very common practice for many exchanges. He also lists many other cases of frauds in crypto industry. Looks like condition of out industry is not in the best shape. Yeah, faking trading volumes is old news already, there's been a lot of info on this matter months ago. I think it's true that many exchanges report fake volume to get higher on the list and attract more customers. However, I don't think they can do much apart from it. Like, they can fake the volumes, but now affect the price dynamics this way. It's weird that it's so easy to do that with Bitcoin, I mean all of the transactions are public... But I guess the system is not perfect yet, and there's no mechanism that would check the blockchain transactions and make reports of trading volume based on real transactions. |
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People are offering to ass Jp Morgan (even though it's not a person) and McAfee. Honestly, clicking on the thread I also expected that kind of list of people. I would also add Craig Wright and Warren Buffett. But I agree with Lucius that it's unclear why the whole list of Member States of the UN is included. After all, each country has some supporters and some opposers, and not all of the leaders from these countries even made up their mind about Bitcoin. When it comes to trust and Bitcoin, though, I think we should not trust anyone in a sense that no reasonable predictions about what Bitcoin will be and how much will it cost can be made, no matter how bad or nice a certain person making these predictions is.
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I love it when there's news that the banks are actually the bad guys. The op posted that JP Morgan says Bitcoin is for drugs, and then there're drugs covered by JP Morgan. A lot of banks stand up against Bitcoin under the pretense of fighting money laundering, and then appear scandals of these same banks laundering money. What's sad is that many people somehow manage not to see the news about banks being drug dealers and launderers, but see these kinds of accusations against Bitcoin and take them seriously.
Bitcoin is doing good now, and the articles don't affect the price that much anymore, and that's great.
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Since I'm here, I actually was looking for a good place to do sports betting with crypto and stumbled on this thread first. "Sportsbet.io" sounds like what i'm looking for.  Anyone care to vouch for the site? I agree with DeathAngel about Sportsbet.io. It's a great service. I know I work for them, but I would not if they were scammers. You can see that they have mainly positive feedback and one scam accusation that gives some of the negative trust, but if you go through that thread, you'd see that they returned the money to the accuser even though the situation was very suspicious, and paid that person a lot when s_he was playing there before. Sportsbet is a reputable website, and just recently they brought it to the next level by signing a partnership with Watford FC (you can see the photos of the team in the T-Shirts with Sportsbet's logo in this thread a couple of pages back). |
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Bitcoin (and other cryptocurrencies) can replace some of the functions of banks, but not all. Bitcoin can't make loans, for example.
Good point. But the banks could seize to exist, and other institutions could appear to assist with the functions that cryptos can't perform. For instance, some official loan services, exchanges, insurance services, etc. And if blockchain is to take over, I think there'll still be some sort of authorities that help to regulate human relations in this area. There will be (and already are in some countries) crypto regulators, institutions of offer legal, advisory and other services. It's just that these institutions will only be able to assist with things, but not control the money. |
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Is there any chance of getting 1 Btc of less than 1000$ again?
Well, if Bitcoin did not go down to $1k even when it was on the road from $20k to $3k, I don't think the chances are high. However, I also don't think it matters. People want Bitcoin to go down so that they can buy it cheaper and profit more. But now still IS the time to buy it cheaply. Bitcoin is still very new and perspective, it can reach a lot in the following years. And people used to think that $500 was too much, $1k was too much, and once will be wrong thinking that $20k is too much. The price won't fix this attitude. If you believe in Bitcoin and have the money you can afford to lose, you can go for it at any point, and you're likely to win eventually. |
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Don't fall for this Trump's statement about Bitcoin. This is actually bullish! “Giving attention” to crypto period, tells me it’s game on. Never trade cryptocurrency based on the news and statements like that. Do you remember the statements from the JP Morgan? If you learned something from that, you should seek for every opportunity and buy any dip that comes (if it comes). That's how the big players do their thing. You want to buy cheap coins? Make a negative statement about it and buy cheaper. If you panic sell, they will get your bitcoins before it goes further to the upside. You will be shaked out and kicked out of this train. Don't fall for it. This is bullish in my opinion. Bitcoin clearly got some attention from mr. Trump (or his team) clearly, it's so important that he tweets about it. If it wasn't important he wouldn't bother to write anything about bitcoin. He also didn't say that he is against bitcoin. He just said he is not a fan of btc. A big difference. He likes to change his mind very often on his twitter! Trump has many followers and he mentioned bitcoin to them. Any advertising is a good advertising! So again, don't fall for it. I think you should do the opposite of what the small traders would do in this case. Buy the dip!
This is a good point. Some people can, of course, be genuinely worried about Bitcoin and thus say bad things about it, but others do it for business. Remember how the devaluation of fiat is sometimes called the hidden tax? 'cause you don't give your money away directly, but you can buy less and less for it, which is basically the same. I think that since the govs and banks cannot do anything exactly like that with cryptos, they are trying to make people dump their coins, so that people can buy less for the same money and so that these business-oriented people can then buy their coins, getting more control over the market. |
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Why are you saying that it's the world's first one? There are so many dice websites that accept cryptos, and some of them have been around for years, and thus had time to gain a great reputation (like Primedice or Bustadice, for example). You're saying that your casino works fully on the blockchain, but if by that you mean that you only accept payments in cryptos, and it's possible to see that the game is fair (provably fair), then you are far from being the first. If you mean something else, please explain what makes your website unique or delete this thing about being 'first'.
Oh, and 3% house edge plus a platform fee in tokens - I believe it's too much. Most of the popular websites have 1% house edge these days.
Good luck!
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Hey guys, I've just posted a video my YouTube channel, CryptoBusy , on whether you should be a Bitcoin Maximalist! https://www.youtube.com/watch?v=6GhS55uaFCELet me know what you think  I am interested in hearing your structured thoughts and opinions on the subject matter, thanks 🙂 Hi! You have a sweet British accent! But 12 minutes is kind of too long, IMO. And with no background music or other sounds, it's a bit hard not to get distracted and to keep track of what you're saying. And there's too much information, not directly related to the topic of being or not being a Bitcoin Maximalist. You're right that people are currently centered on Bitcoin, though, and experimenting with altcoins in this situation is a risky thing to do nowadays. But the conclusion you make is like contradicting everything you said before! I don't know, I think that Bitcoin is the safest bet for now, but there surely are other nice projects. It's just that it's not their time yet. |
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I hate tether. I’m for stablecoin but something feels so off here.
What gives Bitfinex the right to keep printing 100million tether?
Is it done simply because someone feels like it? Or is there a reason they keep printing 100million? Or is it simply to buy Bitcoin?
If you are a bitcoin maximalist, you have to see that tether is Bitcoins biggest threat.
Well, it's your right to hate stablecoins, but it's the right of those who make them to do whatever they want unless they directly violate anything. After all, what gives the right to countries' central banks to print fiat? And tether is claimed to be backed up 100% by something (I guess the $1 per 1 USDT is not a thing anymore, but it's supposed to be 1 USDT per 1 something like stock). As for your worries about Bitcoin - Tether is way too different to be a thread anyway. Tether is not volatile, but it makes it kind of a lot like fiat. People invest in Bitcoin, expecting to profit from it, and you cannot invest in Tether. People use Bitcoin to be free from centralized authorities, and with Tether you're not free. |
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Bitcoin price falls nearly -11.76% in a matter of hours
What do you think, will it recover?
I'd even say that it's great that the price went down! It's a lot better strategically if Bitcoin goes up and then a small correction follows before it takes another step forward. At least, this way Bitcoin is able to move forward in a slow and safe way. If the price does not go down from time to time, there's a great chance it will drop down so much after a fast rise, that we are going to see another bearing year. IMO 10-20% fluctuations with Bitcoin are just something we should get used to. Not to mention how convenient and beneficial they can be for traders. |
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Do you know how to protect your cryptocurrency from whale ‘rinse and repeat’ trades?
If you're a long-term investor, then the only thing you have to protect is your psychological state. Try to distract yourself from bad news, do whatever it takes not to engage in panic selling and to keep calm. If you are a trader, just do whatever the whales do. They sell - you sell, they buy - you buy. And in the meantime, if you are personally worried about the volatility, just keep your money in a stable coin like tether (if you trust it, of course), when you are not engaging in your professional activities. You say Bitcoin is way down, but what I see it a mere 9%. It's really nothing to worry about if you know the market of cryptocurrencies. |
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Yes, I especially agree about the first link. It's a new list, so it contains the most up-to-date information. And forum trust is a good characteristic of whether a casino is safe. When I read "fair games", however, I thought you meant that your list would only contain provably fair dice games. If it's not the case, perhaps you'd be interested to modify your conception. Trust will give you an idea of whether a casino is likely to scam people, and the provably fair mechanism ensures that the casino is not cheating. This will provide double protection for users. |
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Why dont you make it playable on browser? The registration process is available on the browser, I thought I can try it without downloading the application. In my opinion it is just that hard to attract people download and install something new on their mobile phone. Please consider to make it playable in browser, I believe you'll get more traffic if it is users are able to play it on their browser.
I support this point! OP, I wanted to try or at least to check out the website and stuff, but downloading something crypto and casino-related? I just don't take those risks of getting malware and either having troubles with the device or even losing money because of it. If you want people to try, you definitely need this game online, and probably something to prove the funds. For instance, a smart contract or an escrow. Or you could make a faucet since the project is new so that people are more encouraged to try it out. You can leave the app, but a website is a must, I think. |
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Investing in the right time is indeed only a part of the work. Selling before the price declines are important, but sometimes it is hard to do that. I didn't sell at the end of 2017, and I basically lost that money. At first, I didn't sell because the price was going up, and the transaction fees seemed too high to me. And then, when the price started going down, I thought it was a mere correction, something that'll pass soon...
Risk assessment is very important, but I am no expert on how to do that and whether it's even possible with something as unpredictable as Bitcoin. I am not sure your intuitions about the costs and the risks are right, but thanks for sharing your website that has info on this matter!
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Firstly, here's an article about it in case anyone's interested: https://bitcoinist.com/bitcoin-price-will-hit-30k-in-2019-bull-cycle/. Secondly, I think this guy's generally right that Bitcoin can very well reach $30k by the end of the year and there's at least a good chance that we'll see the previous ATH. But the phrase about it being a straight bull run "before we get another little correction" - I think, he just dropped it inattentively. Surely, there will be corrections like -10% and something like that. And calling BTC dropping like 70% of its value a "little correction" doesn't sound right to me. |
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People may know about these fun facts already but just recently i get to know about few stuff, like 2 pizza's bought for 10,000btc....(worth $30), which could've worth a lot more now. However, it is amazing to see the bitcoin coming long way and making its place in the market and mark in the history. link below show some more fun facts of bitcoin: https://www.coinspeaker.com/bitcoin-facts-figures/@INOEX : https://inoex.exchange/The pizza story is extremely famous, pretty much everyone knows that. Moreover, you can actually find a thread on Bitcointalk from those days and see how that happened! Well, I mean, I guess there were a couple of different occasions of buying pizza, but here's one from 2010: https://bitcointalk.org/index.php?topic=137.0. As for pizza, by the way, it continues to be something you can buy, paying with something innovative, since nowadays you can order it and pay via Bitcoin Lightning Network. Most of the info on coinspeaker is just common knowledge, and not funny at all, but the infographics are nice. |
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Here is a story of a vlogger and co-host youtube Australian woman (Jailde Barclay) who actually travels 7 countries and 16 diferent cities alone using only cryptocurrency. If we are asking how did she know those countries she went to, accepted crypto payments, with the power of "google" it is very possible. She attended at London for London Blockchain week and since she never uses her digital assets before, it is a big challenge for her to spend it now without using cash. Her 12-weeks challenge spending crypto paying hotels, restaurants and shoppings is really difficult because bitcoin is bullish at the moment she is travelling. This is also my dream, to travel and see how possible to spend cryptocurrency in my journey as well, if not in outside the country I would like to spend it at least here jn our country. The works of bitcoin payments indicates that it is started to grow, started to adopt well by many. I can see the future aheads with it. This woman proves that despite of the volatility of the market, she took the risks to not to HODL but to spend it. I will leave here the link for the article and her youtube video is also there. It's exciting and amazing to watch her travel using crypto payments only. This is a very inspiring story. A female traveler is not a very common thing, but traveling without using fiat - WOW! I didn't even think it was possible already. I do suspect that it's way more expensive than if you chose fiat, though. For one, Bitcoin fees are very significant these days. Apart from that, I bet you don't have many options if you want to use Bitcoin, and lack of options means lack of competition and thus potentially high prices. And I'm also wondering whether she managed to pay for literally everything with BTC, by the way. Like, what about transport around the city as well as from one country to another? And what about wanting to buy a bottle of water is a small shop kind of situation? |
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Thanks, this one works! I started to watch the video, but then I figured it would be easier and faster just to google this event and read some articles on what Snowden said. And an article that gives a good summary IMO is here: https://www.coindesk.com/snowden-the-most-important-thing-bitcoin-is-missing-right-now-is-privacy. To shorten the points even more, Snowden believes that 1) Bitcoin needs some privacy; 2) Crypto projects shouldn't resemble banks; 3) if you're careful, you can have enough privacy with Bitcoin. I think these points are pretty fair, and it's nice to see such a famous person saying that. It's a shame that the US won't admit their own mistakes and invite him back to their country as a hero. |
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This photo looks great. Accepting Bitcoin is a great step, and if the network weren't so busy (= the fees weren't so high), I'd be glad to use Bitcoin to buy groceries on a market (given that the price is fair, of course). Unfortunately, though, the op is right that it seems that the LN is crucial for these kinds of transactions, and there are barely any food places that accept Bitcoin LN. I saw something only once, but it was an intermediary company that allows ordering Dominos pizza paying in the Lightning Network. I don't know, I still haven't found the time and motivation to try using the LN, and I've never eaten Dominos pizza  |
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