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If you were to consider that the initial price equivalent in fiat was $0.0008 your mind would blow.
In many cases, those authors who write against bitcoin do so because they perceive it as a threat. In some other cases, they even do it to drive down the price and buy bitcoin on the sly.
Just educate yourself a lot on the subject and decide whether they are correct or not.
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I'm pretty sure that PayPal doesn't allow its users to send billions of dollars,
If someone tried to transfer that amount by Paypal or by a bank, the problem would not only be the commissions. With the international anti-money laundering laws in place, he would have to give an explanation of what he wants to transfer those funds for. With bitcoin, he can transfer them whenever he wants without giving explanations to anyone. |
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I am not connected so many hours as most people who have commented because I have a fairly busy life. I'd say at least 20 minutes a day. Less during the week, because I don't have that much time. But I guess as time goes by and gain more knowledge I will spend more hours.
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For me it is not so important when we get to a new ATH, but it seems that the halving begins to make its effect. Lately we have seen a decoupling between the bitcoin and the stock market. So, everything seems to point in the right direction. I don't know what effect lockdowns could have though. I march made the price fall and the same could happen again.
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I know that I can get more users if I add more variety of gambling games, but this is just the usual practice in poker room currently. If you check for example Pokerstars website (originally it was just a poker room), you can see that they opened a Sportsbook and Casino. And 90% of his promos are for this players and not for poker player. I want to recover the essence of online poker.
About the collusion. Well, I think the correct is "poker can bring collusion". Of course, anyone can create 5 wallets and play with the 5 in same table. But I can do exactly the same in any poker room I want. Just need 4 colleagues with a Pokerstars account (KyC verified) and a his mobile phones. Just download the pokerstars app, and play at the same table with the 5 accounts without wifi. 5 diferent persons, with 5 diferent mobile phones and IP's.
The idea is launch only windows/OSX/Linux wallet and not mobile apps. In our opinion, as I said, most powerful tool for collusion are the mobile apps. And of course, the typical rules anticollusion. It is more difficult to do with three computers than with three mobiles...
Best regards!
I did not say that you would get more variety of users if you put more variety of games. I talked about variety of currencies. But I suppose you would get more users anyway. What incentive do people have to play with a coin that, in principle, will be worth almost 0? On the other hand, pokerstars has a team dedicated to monitoring cases of collusion and, when in doubt, banning the user while investigating the case. The problem with anonymous users is that collusion is much easier. But I don't want to go on too long with this, because I see that in the last message you said that you could take some measures. This being said, I have to say that I would like your idea to succeed. A poker only room and with 0 rake, that would be great for me. If the coin had real value, like being in the top ten at coinmarketcap.com, it would be wonderful. But that's dreaming a lot I think. |
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-snip
The problem I see with your idea is that the vast majority of casinos (I don't know if all of them) offer you the possibility to play with a variety of coins of your choice. I believe that your idea could only succeed if the coin you create reaches a great value. So people would be interested in buying/mining it. But I don't think it will come to that just because it serves to play poker on that specific website. There are not that many people who play poker regularly. And those who do have many more options to play, probably with better software and more variety of currencies. Other than that, anonymity can bring collusion. I don't know how you plan to fight that. I wouldn't play in a poker room where people can collude. |
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I got one and it does look very convincing if you don't pay attention.
Indeed. I've just received two, identically the same. I don't know why they have sent me two. But I've checked to see what was happening and I've realized that the phishing ones come from support@ledger. cam while the one I got warning me of the phishing scam attempts came from noreply@ledger.com. |
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Grayscale published a report on bitcoin adoption. One table stood out in my opinion:  The only true division between bitcoiner or nocoiner is age. The future is ours! Read more on it and dowload it hereI don't find it so surprising. Male between 25-50 years old, employed, living in the city and with a tolerance for risk would be the most typical profile of a bitcoin investor. It is quite similar to the one who buys shares in the stock market or who does all the banking from his mobile. |
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This is only the consequence of what happened last July. The Ledger database was hacked and the hackers got 1 million emails. https://decrypt.co/37063/bitcoin-wallet-ledgers-database-hacked-for-1-million-emailsLedger warned us by email and since then, the amount of spam I receive has increased a lot. Phishing attempts are just one more step. Now they are not going to leave us alone. Good initiative, OP, there can always be someone who's off track, although I think most of us are aware. |
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The funny thing is that where most lottery is sold is in the poorest neighborhoods. I also put it in another thread. This is a lottery simulator: https://www.cuandomevaatocar.com/en/If you hit "start" you can see the ruin that is playing the lottery. It is clearly EV negative. The only good thing about it is that if you hit the jackpot, it can change your life. But this is so unlikely that it's almost impossible. Although I very occasionally play. Always when I am offered to play halfway between friends. Mostly because of the FOMO. |
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Some whales bought it over the counter, and hodl it into hardware wallets, So we wouldn't actually know how many whales are currently holding Bitcoins. This chart or data, may not be entirely accurate. But all of them are coming out in the wild, with all the uncertainty happening with the financial system and massive quantitative easing. Of course some millionaire's will want to protect their wealths.
I was thinking about that. If someone is using a hardware wallet and getting bitcoin from different addresses, wouldn't it appear as would not appear in that statistic as having a lower amount, but divided into different addresses? I mean, someone buys 100 bitcoin and gets them into a hard wallet address. Then he creates another addres and buys 200. He does the same and buys 150 and so on. He would have over 1000 bitcoin but it wouldn't appear in that list as a whale. Is this correct? |
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application should be accepted.
Are you on some heavy drugs?  Did you even read what OP posted? It is pretty clear to me that he is talking to suchmoon. He means that suchmoon's (un)application should be accepted. If you had quoted the word "your", you would have seen it more clearly: I agree that your application should be accepted.
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I don't see the point either.
The other day I was talking to some nurses and they told me that this kind of quick test is unreliable. I guess a lot of people will end up paying to have them done, simply because of the fear and hysteria that has been created.
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Yeah, well. When one says "might" it means "it might" or "it mightn't", but we are in the speculation section so it's OK.
OP is correct in pointing out that we should worry more about the intrinsic properties of bitcoin and not so much about the price. But that doesn't sell. The news sell emotions, and those are better spiked by saying that bitcoin "might" reach $100K in less that a year than by talking about technicalities.
I think this thread is going to be bumped many times once we reach a new ATH.
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There is no one that is the best. In any case, there are some that each person, individually, may find the best. We do not have an objective way to measure it, nor a procedure to establish it. If people, by an overwhelming majority, agreed on one, we could say that it is the best one, but I bet that the answers to this thread will be of the most varied.
I don't even have a favorite mixed alcoholic drink.
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Is it really so hard to answer me ? Few words would be sufficient..umh
When I applied to be part of the campaign, I thought I had not been accepted because on the first page it says that it reviews applications in 24 hours, and about 48 hours had passed. I sent him a PM to ask if he could give me feedback on why he hadn't accepted me, in order to improve and be accepted in other campaigns. I think it's better that way than feeling entitled and demanding answers. In the end it turned out that he hadn't reviewed my application yet and he did accept me. |
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Hi everyone, I hope that you are having an amazing day. I have studied the crypto world for a while and I think I'm ready but I want to ask some questions. My idea was to start buying low and selling high. Do you have any preferred currencies to do so? I have seen a couple that tend to go up and down fast. Also, any tips would de appreciated.
Thanks in advance!
What you want to do is known as trading.But did you know that by trading on the stock market, 95-98% of people lose money? I don't have any data regarding trading with cryptos but I imagine that the percentage will be similar. It is better to choose an asset you trust (because you have done your research on it), a company, or a currency like bitcoin, and just buy and hold. Or the system of dollar cost averaging, which consists in buying the same amount every month. The problem with these systems is that they are usually boring compared to trading, but much more profitable. But in general, yes, you should try to buy low sell high, which is the opposite of what the masses do: buy an asset when it is at its peak and sell it as a result of fear when it goes down. |
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Another point is, there could be bitcoin mixers running in countries which do not extradite, or conform to united states court rulings. These type of FINCEN rulings could hold no weight there. Rogue states like north korea could run as many bitcoin mixers as they desired and the USA probably couldn't do anything about it.
I was reading the article and thinking about that. Was Coin Ninja operating in the US? If I were the owner of a mixer, I would have it in a tax haven, as many crypto casinos do. I don't understand that running a business like that, he didn't get good advice about the laws and what to do. |
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That's just another excuse to rip people off. It's like environmental taxes, the ones added to gasoline, for example. Do you think the government spend them to plant little trees? No, that money goes into the common budget and from there they go on spending, which is the only thing they know how to do, spend, spend, spend.
If those taxes are imposed, then, when the COVID-19 crisis is over, the taxes will still be there.
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I really don't want to be the party pooper here, but if anyone is expecting a huge amount of money from this one company, then sorry to say that it's really not that much. 10% of their cash reserves are only a total of around £72200/$94,365; at least based on their June filings[1]. It's approximately a BTC7.27 at today's prices.
Not that much money, but at least the publicity is good so there's that.
I don't think the total money is as relevant as the percentage and, yes, I think the publicity is good but imagine that Amazon bought 10% of their assets in bitcoin. I hope that news like this will continue to follow, helping to normalize the holding of bitcoin as reserves. The day will come when it won't even be news. |
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