Yea perhaps I should have posted the picture for reference, but this is a free bonus ticket for just depositing.  I've heard/seen of the play through rule before, I think even where that is in play they still allow the original capital to be withdrawn but not the bonus money.   I've not read any restriction here recently, I just liked the idea of winning a Lambo for something I'd do anyway without risk really.     Its still very slight odds but I've won on the smallest odds before and the biggest prize in the raffle just nothing this big :p

my withdraw page has no limit

The free lambo ticket offer


I cannot get 4%, if I withdraw this BTC I'd have to go elsewhere and stay in Bitcoin or go really adventurous and find a foreign bank and considering the nonsense red tape I think I wont.   If I go FIAT I end up with weak currency thats lost 10% of its value in recent months and the official rate is not even 1%    The central bank wont change this, cant change this because the government debt will cause us to go broke if we paid real interest so its tough luck for the common people.    We're living in a bubble imo
  The only other thing I consider holding is gold or paying for your own home is justified, somehow holding BTC isnt so silly in some countries with bad currency.


30% inflation has happened previously in my lifetime yea, lucky I had zero money anyway.    We will see this again imo, very few countries are perfectly well off.

China already undermines its people via capital controls, they devalue the currency to serve the export economy model which has the benefit of making their citizens labor much cheaper without their involvement in that decision.
  Its not going to be any closer to crypto currency as we know then the Venezuela model which was a joke, without any decentralization or ability for free agents to be involved in production, transmission and fees its purely just a system of digital currency under the puppet control of politics and we already have digital currency systems in most countries.    The vast majority of FIAT for most major currencies is calculated and settled purely digitally without ever being close to physically relating to any value or trade of actual goods, a large part of most trade balance is now is made up by bonds which are no fixed value either but helps to reinforce the current unit value so long as they are held.

  The two measures I know of China making in a substantial way in recent years has been to enter into the agreement of SDR value operated by the IMF for a common currency between major nations.   The other obvious measure by China has been to alter their stance of physical gold reserves, becoming both the worlds largest importer of gold and producer of gold with few exports we can say the command economy of China is amassing large amounts of gold in place of what might be foreign reserves of Dollar or related debt.  
  Other policy notable is Chinese ownership and sponsorship of major infrastructure and assets in many countries.   I'm not sure if the giant take over announced of LSE by Hong Kong is a private deal or a cover for China central government control, unfortunately Hong Kong and all its capitalist wealth is soon to become one of the collective.


China Belt and Roads Initiative - http://www.lse.ac.uk/ideas/Assets/Documents/reports/LSE-IDEAS-China-SEA-BRI.pdf

China knows something none of us do or at least acknowledge which is currency is worthless compared to assets.   They do or will have the power to undermine most western governments and cause massive devaluation of Purchasing power for those nations.

Capitalism in general is not a process of perfect fairness, its distribution from weak hands to the most competitive thats the only reason it really works out because it serves a greater purpose then itself of serving demand in an economy.   Gambling isnt fair either, its a paid game and the pay is made via the odds given and I think thats almost the same everywhere on any type of bet I can think of.    Cost via spread is very common right across finance, its a slightly hidden cost possibly but able to be viewed if broken down with a bit of mathematics.

 Right now they are doing the deposit bonus again, wish I was a bit richer to make another deposit because that seems a nice bonus and the % interest is ok by me because I live in one of the silly countries with nearly zero returns on cash.    The possible returns on BTC vs inflation in many economies partly explains the ongoing price and its buoyancy beyond the belief on many.

Its about probabilities, we dont have any certainties as its all real time markets so there is a constant variance to every price anyway.    I just look at charts to help show where the best chances are of a turning point, the clever traders then can frame a profit vs risk and participate without signing up as if its their heart invested.    I'm still learning that part because execution is another question. 
  Every good trader has multiple options and takes the best of them because all scenarios can fail to some extent.

What someone does with their own money is not really a concern for most, the problem is if the gambling gets to where I borrow other peoples money even if its legal borrowing then I'm by choice inviting others to place an opinion on what I do for fun and judge me negatively perhaps.
    I dont even gamble money which isnt money I could also spend on beer or 'waste' however I like, in comparison to just using it up like most things I could get the bonus of playing a game where I win it back and with interest sometimes.   So long as I've never fooled myself into thinking I'm doing much different to spending spare cash I dont find I later have problems explaining myself.   My money my business basically.

The most important advice I can remember about trading is the ability to take a loss and not react badly to it.   You must lose one day and be ready again fresh the next day to make a profit, I think this more then anything is beyond the average man to shake off these hits and bruises the markets will inflict on you.  
  Also the home trader type will not give enough credit to the market for the massive profits available, being able to recognize when you gained alot and there is still more to come is a major deal of importance.   One of my best trades of the last finance year was a share that had fallen to 5p ( I got it +10p) and it rose to 80p with potential for more, as of right now its doubled again; to the imagination of most that kind of move is impossible.   Even those in crypto might be impressed,  this was a exploratory mine which received good news, good prospects and also a 20% increase in its base commodity which leads to profit margin expansion on leverage making the share price quite sensible.   Experience on all those things vs share price really is needed to not be knocked off your seat, many no doubt also sold on the way down wrongly hence market was wrongly pricing; markets are often wrong and adjust.
  These opportunities are vital to counter acting all the paper cut losses even the best traders will continually take.

The solution in that case is the shop runs a tab which is cleared every month or every week by 1 transaction in Bitcoin at the rate for that moment.   If the shop cannot give that ability to hold the bill then its not going to work.   Its common practice in a restaurant to eat a 3 course meal and wine and only pay at the end, I dont see why we cant improvise a solution where bills are cleared collectively.
   If everything has to be cleared with zero time given and no trust available, FIAT will fail in many countries and I think only precious metal coins then work as various networks in infrastructure and finance fail.    I'm a pretty big bear but I dont think we go to that point.   Even if people prefer the gold as payment idea, its still going to be used to clear a bill done weekly or monthly and credit cards based on gold payment like that are available and similarly in Bitcoin I think this is possible.

I once won on over 50 to 1 odds for a bet however it was not a massive amount as I didnt put down a great but the results paid to me still made me very happy to win such an underdog bet.    This was purely only a bet for fun as the proceeds both bet and won were cosmetic items for use in esports games.  Now these items can be worth thousands because we are living in a time of massive price inflation in many things and so some how that ridiculous statement is true but I only ever bet for fun on amounts below 10 dollars total that I had spare and on this occasion received back over 50 times what I had placed.
    I still keep alot of those items I won and they rose in price afterwards unlike plain money which we know loses value every year.   I'd draw a parallel to Crypto in that I think the biggest bet ever won was by someone in the early days when BTC was only 100 dollars or so and they bet giant amounts of coins, at least one of those people must have kept their proceeds till now by accident or on purpose and have giant wallet value now.   I know I did find a few casino wallets with amounts still left in there from 2013 when I first started betting with crypto and I was very glad to find that spare change now worth alot

I guess I'm a gambler or a trader then, I do get that investor idea of a regular buy in a growth sector or long term ascending chart.   Thats a fair enough call for BTC but also I want to get the buy alot lower then 10k, I dont have alot of capital so if 8 or 7k is possible even briefly then I want to see that as a buy.      So the dip above was purely short term, it hasnt made a good run for the 50 day average.   It was buyable but only with a trailing stop loss because we are still developing in this area.

  So the reaction is not positive as each dip is lower in price, I characterise it as lower lows and also lower highs but that is just short term view.  If I try to look at the longer view its more of a symmetrical triangle which is hard to call either way, I think this dip buying (for the speculator, fast money is always a force in markets) is becoming harder to do as its not lasting long in a positive rise after the dip.

Its a deception, not so much a scam so long as society is a democracy then we only have ourselves to blame for allowing this poor system to go on existing year after year and decade after decade continually losing value and causing us all to be poorer and more dependant on government.
   The reason its occured is in conjunction with the welfare state I think, if we switched to a one income system where all citizens have a similar basic income then we have a system which is equal opportunity for all.   At present large government I think is helped created by the idea every citizen is owed something, if it was made into a simple flat level income then we can stop spending time deciding who is more worthy and give everyone the same level to start from which is just enough to eat and survive.
     Government cannot meet its obligations, thats the base line now especially in pensions and future welfare payments so all it can do is commit to pay this nominally but not in value and this destabilizes all business unfortunately.

The biggest owners of QE programs continual debt is the pension funds operated by government, they are obligated to purchase by same government which runs a deficit budget every year every decade.   The next logical step is to force every pension plan public or private to buy government debt and convert all their holdings to bonds.   Its not here yet but in theory its impossible for government to become insolvent or bankrupt if they can force action like this, value of course is undermined.

Maybe we could setup a new thread, dip alert for the times the price has had a trend of falling but might bounce back.   I think now is one of those times, my outlook is not positive but it never pays to be singular minded and I think it can bounce after hitting an old trend.



This is the daily bars and I think on a simple measure it can go back to 50 day average as a first target.   This is why buy the dip is a test of will as it looks negative at the time, some would wait till after it bounces some and then passes this 50 DMA for strength but thats losing part of the move.
  Our current daily bar does have a bit of a pin to it, some people did buy and its near to 10k so for a simple number some will buy just that.   Obviously it requires more but now we pass to Asia trading we'll see their take.


I was right, thats how people view it already.    A proper bounce deserves us getting to 10400 so we'll see how it fares and the 50MA even has a rising incline in it from previous price history.

I'll update this just to come with a prediction and its very short term.    The basic idea is to check repeats in the price, like the old number sequences you did in maths as a kid in early school.   Guess the next number, the graph basically is a form of that kind of game with of course more irregularity.



So I've been a bit slow to post it but an hour ago I was looking at this and the idea is it can bounce from here.   I dont know by how much but its in line with the history on this very short term 4 hour bar candlestick chart.
   If we look on the chart, the reasoning is both the pattern repetition I mention above, we are on the lower pricing but while declining it can bounce.   Also there is a long term trend within reach below, this can also be a reason for it to react upwards some.   The tricky part is the price might meet the white line below, that daily trend goes back to June so has some weight.   Long term trends will supersede the short term variation.  
  The way I frame a pattern like this is a roadway and a kerb either side, we can meander from each side of the road to the other while also driving forwards and around a corner and downwards in this case.   Right now its reasonable to speculate some upward movement.
   Its a bit tricky, really you have to become accustomed to form an opinion yourself in the moment;  I did capture this chart an hour ago so it can be too late on hesitation to be in position.

The most important step is always going to be the player base.   I wondering if this is marketed primarily at the public or more of a Business to Business kind of operation where existing operations hope to encourage involvement by hosting games on your platform with the token capability.       
  Its always hard to acquire new customers is my take on most setups, theres a large start up cost from encouraging people to even visit never mind trust a brand and invest their time and in this case money in the hope of gaining something.    The most obvious currency for all online games now seems to be cosmetic items and in some cases these can be traded and value exchanged, that standing start is hard to beat for a competing idea.
   I'm very interested how you proceed, I play quite a few of these games so perhaps I can test it out at some point.

All the behavior I observe is where I expect it to be selling off.    It can act differently but so far I just think it should confirm that downside, meet support if any and then make an attempt to rise possibly.  I dont think right now its going to turn positive until sellers are satisifed and perhaps some shorts close out/buyers come speculating on a rise again.



This is just the daily chart for a few days, simple take would be to at least expect 10,000 and check reaction when we get there.   10.5k is roughly 50 day, on other time frames also I think some pullback is reasonable.   For bigger moves down we have to zoom out and take a longer look.

The business shouldn't be a gamble, its a risk based on a market demand that the company should be meeting.   If they are incorrect in that market being capable of sustaining the business then it will not succeed but I dont see crypto itself is at fault for that lack of success.    Its upto the company themselves to balance all their assets so they can meet all costs and requirements for liquidity, in FIAT, Crypto and tangible and intangible assets.
   The variation in Bitcoin at least has been quite calm compared to previous years that I remember, it varies a fair bit but also its tending to meet averages quite often which means previous prices set are still in the region many months later.  Some countries fail in this regard even and BTC doesnt even have anyone to try and force a price it just does its job every day anyway.

In depth knowledge helps alot and also the thing I found understated many times for the games is the context of the game.   How much does this game actually matter to those two teams, sometimes its no longer important.  If its a league match and the points from the win or loss no longer give them advantage then they are playing because they have to, its just a contractual obligation.   Sure they attend but they probably also stayed up half the night, did no practice and are making no special effort.   In many esports actual strats and prep for the game count, many teams can wing it on their vast experience in the game but it can end up as as lacking.     Then the underdog has a chance, the team which has a case to prove and will raise awareness for themselves taking out a big name even though its a minor match.
   Its not just the teams or even the players, its the framework to the game both leading upto and in consequence of the result.   You have to acknowledge all factors in likely performance.

I dont think we are going to see that rise especially, I see the price right now as doing work and in some rough water.   Its not a negative exactly as it cannot always be sunshine and easy going as far as BTC gains go.
   What I imagine happens is BTC generally has to constantly revise its price sideways to negative is how I would describe it and naturally that might involve some pullback.

 The idea we will always rise is false and actually dangerous for Bitcoin long term because we want a market everyone can take part in which does involve us levelling out and mixing the distribution of BTC between buyers and sellers.   We must sort between those who hold longer term and those who just speculate for the gains and leave it as soon as price does not rise so easily.   This is a natural process in every market and its not a bad thing Bitcoin must also go through this and it will take time.

2020 is not that far away in the first months, mid year there is the halvening event and the rest of 2020 I think will again be more neutral.   I think we retain the current range seen this year and revise strengths and support by double checking pricing over the longer term.   Longer term is mostly easily represented by the 200 day average and even 200 week to some.

30% is not prudent investment strategy, we barely have to examine the details to recognize this would not be a justified thing to go ahead with.    Small amounts to capture growth is justified and yes I have seen this a few times.
   If we're talking old guys, the standard reference is pension plans and the payment of an income while unwell, in poor health or at least unable to work.   Of course someone in investment management has the advantage of a light load to carry in physical terms and many do carry on what they enjoy doing because it is mostly paper shifting, reading and thought as to judgement of quality of assets.

By anyones measure BTC is fast moving, volatile, risky and an emerging market never seen before.   These are all factors to attract the youngest members of an economy and its been sited by many as a positive for encouraging involvement in finance and economic growth via company setups.
    These are not factors targeted by someone who has already made a fortune and wishes to keep it, I'm certain from examining Warren Buffet's strategy he does not look for something like BTC or anything so dangerous.   That man just wants bargains and giant companies that span entire nations, he wants a regular simple premium that does not diminish like his famous Coke shares purchase.    


The super harsh criticism we hear from Warren or similar I will discount as being biased and self centered, the man has got extremely rich off trends which benefit him and his own good sense to 'double down' on that advantage ie. he uses leverage at least some and is bound to FIAT.  Part of why Buffet got so rich is loose money and easy policy from government towards his kind of investment.    He should be arguing against continual deficits in budgets, poor debt management by government but he wont ever do it because this adds upto hard money, a retraction in fiscal spending, higher rates payable on debt and a much harder economy for him to profit in.

  BTC is part of the commons people reaction to decades of inflation and loss of capitalism from QE money printing and Washington DC debt.   All the things that benefit Mr. Buffet in his big money operations make us the common workers worse off and chained to government expenditure rather then true capitalism which is led by the people, means of production owned by the people.   We want change, he doesnt and in the end BTC is nothing to do with his opinions it just doesn't benefit his operations to be involved.       Mark Cuban is a billionaire who has invested in crypto via esports but I'm sure it was just 1 project of many.

I can confirm on general trading that following news is not often as profitable as it would seem it should be.    However there is an old phrase which usually works to give guidance on this issue, "Sell the news Buy the rumor".
   Often a trend starts before the news and ironically comes to an end with the actual announcement in news rather then rumor.

Experience will help alot to fit all these things together, the advise given is from other peoples perspective and then you have to slot what is told into your own actions and responses some of which will just be the emotional of losing or gaining value.    Having a gain can throw off good judgement and similarly a loss can be the market driving you to act rather then vice versa you are ahead of the wave and more likely to profit.  
   A further complication is there are a variety of styles of trading, some people really do just jump on the band wagon and hope to profit from plain speculation in this way.   So long as you sell before the top this is reasonable but it seems quite risky to me.  Others buy into value and in expectation of reversals in some areas and so on.   News would more relate to fundamentals and even so you need to be ahead in your expertise and judgement before the news is part of market moves.

 A good tip in general is to use a chrome extension to force the use of HTTPS protocol which will help stop you being dragged away to copycat sites or misled into giving away information to phishing or scam attempts.
  I read recently that chrome forms the majority of the browser market so this should be something most people can do.   Another tip that I'd personally recommend is to google the information for a site not use links given in an email so much.   If you directly request an email then fair enough but there is a danger is being receptive to random phishing attempts via email or sometimes messaging and PM might be used.    Just highlight the words of the site and google it and you will end up in the same place but via google its far safer procedure to do.    

The words to google for the extension I recommend for example is HTTPS Everywhere

If you just highlight that or even just manually type it in if you prefer and search, you will end up in the right place.  The vast majority of searches are common and repeated hence google knows what you want most of the time.
  That one also works on Firefox btw and I believe even MS edge is allowing chrome extensions in a beta version.