In general, there are two ways to acquire bitcoins: buying them with real money or "mining" them. The process of mining is the process of acquiring bitcoin, and therefore mining is mining for coins.
So let's start with buying coins. Many people think that buying currency is like buying stocks. The threshold is low and anyone can buy it directly. In addition, they believe that the cost of buying coins is low, so they only need to pay the money to buy coins. But buying currency such as investing in stocks, the income is also big risk, you buy currency in the hand, the price of the currency rises you earn, the price of the currency falls you compensate. And the early need to do a lot of homework, which is similar to buying stocks, which requires you to understand the background of the investors all kinds of information, need to in-depth understanding of all kinds of basic information, according to their own cognition to make choices.
In fact, you can invest Bitcoin quantitatively every day. You only need to invest once to obtain long-term returns. As long as your machine is up and running, it generates a certain amount of bitcoins every day, and the benefits are endless. Acquiring bitcoins this way does not require you to watch the price every day, wait for the price to rise later, and directly trade in cash. Relatively speaking, cloud mining is the lowest cost.
Although the return of buying currency is high, the risk and return coexist, so investors also need to bear the risk of the currency price falling. And mining money is drought and flood guarantee. As an investor, we should take a long-term view of mining machine production.
If you are newbie or don't have much time, you are better of investing on bitcoin and holding it for long term. Mining requires maintenance and you need to know what you are doing. And you will need to spend money on the equipment, electricity and other stuffs. On other hand, buying bitcoin is so much easier. You pay, you receive your coins, you hold and then you sell. You shouldn't be promoting cloud mining. Like 99.9% of them are scam. |
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My first choice is obviously BTC
My 2nd choice is ROSE(Not in your list)
ROSE is the native token of Oasis Network.
The Oasis Network supports confidential smart contracts — allowing sensitive data to be used by Dapps and unlocking new use cases and applications of blockchain technology.
Yeah, bitcoin is everyones first choice, but I doubt ROSE is a good second choice. It isn't well known and is built of a network that isn't used much by anyone. High chance you will end up losing everything if you invest in ROSE. Why not replace ROSE with Ethereum? It far much better choice and almost a guaranteed profit if you invest now. But yeah, do your own research and always remember how volatile crypto currencies are. |
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"Leaked selfies" - so this means that it isn't the final version of meta's metaverse and people are aware of that yet people loves to make a big deal out of it because of attention seeking. I wouldn't say the current crypto metaverse projects are any good. They are all the same and people play/use the metaverse only for the "profits" they hope of making. All I have seen is those projects selling lands and people trying to flip them for some good profits. |
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How should i diversify my crypto portfolio?
I feel like im gambling by going all in one crypto like ETH and the drops are hitting me very hard with its high volatility compared to BTC
Put most of your coins into Bitcoin and then ETH. Use the rest to invest in rest of the top 10 or 20 altcoins. If you want to try your luck, invest in some random coins that you think has a good potential (i mean those that aren't bluntly scam coins). Don't sell as long as you in loss. ETH might rise more soon before the merge happens. You can try investing more in ETH and then sell it as soon as the merge takes place. |
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Didn't Nigeria put some sort of ban on bitcoins and then users bank accounts were getting frozen because they interacted with crypto currencies or something? How is the owner going to convert his funds to fiat cash or is he planning to hold them forever or wait until the bank gets lifted (which in this case he will have problems explaining the source of his funds, but I doubt they will care for small sum of money)? Anyways, good to see more physical shops willing to accept bitcoin.
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This is going to take decades if not years to solve the case and provide "justice". I bet they all "cleaned" themselves right after the crash to make themselves look innocent. Luna 2.0 is just an eye candy for people that lost money. They are forcing themselves to believe that Luna 2.0 will fix everything. And then there are people that still believes Luna classic will make a huge come back. Sadly they don't realize that the project is dead. |
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Billions? Who told you that billions of SHIBs are being burnt every day? As far as I know, only millions of SHIBs are being burned and the supply is on trillions, so it will take forever to burn the coins. And the more the price goes up, the less the coins will be burned. I doubt SHIB will take away one zero let alone two zeros within few weeks. If it takes away one zero, it is going to jump to the third position which highly likely is going to happen. Two zeros means it's going to take over bitcoin which will never happen.
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I am very curious to know how people are playing Slots. Option A : Do you play one slot for a long time, until you hit the feature or until you win something big? Option B : Do you jump between different slots, play for a while and then jump to the next slot? Option C : Do you set a target amount for each Slot and then stay with that? I think people's success with slots might be linked to the way they are playing it, so for instance... people playing one slot until it pay out, might be more succesful, than the person that are jumping from one slot to the next.  What strategy do you think, will lead to the maximum profits? (Variance and RTP of each slot also determine the way that you are supposed to play on the different slots) Let's discuss.....  Doesn't matter if they jump from one slot to another or if they keep on playing in one slot. In the end, it all depends on how lucky you are. Even if you hit the feature, there is no guarantee that you will win anything. I bet there are people that won literally almost nothing from a feature. In the long run, you will lose to those slots. All those features and volatility is a way of keeping a users addicted to the slot. High volatility makes them keep on spinning because they keep on thinking they will win huge on the next spin and low volatility makes them think they are constantly winning. |
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I doubt anyone who plays those slots actually care what is behind the technology and if it is reliable or not. I am sure most of them don't even know that the games aren't actually provided by the casino but by some third-party providers and game aggregators. So as long as they trust the online casino that they are playing at, they blindly trust those slots thinking they are playing slots provided by that casino. There is no way you can verify if the RTP they claim is true or not.
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Started playing at bitdice. Seemed fun at first.
I deposited 50$, won in the whole session 750$, super excited but then I saw chats coming in that withdrawals took 20 days or ppl didn't get conformation emails on withdrawals, so I got scared.
I withdrew 750$ and after 4 hours I got asked for kyc. I instantly send the documents and it has been 80+ hours and kyc hasn’t even been completed.
Live support keeps saying they’ll ping the team but nothing happens. Payment team also said they didn't receive my proof of funds which I send 6 hours before that as asked.
They keep making up reasons to delay the whole process and keep telling me to wait 24h and I'm sick of it.
KYC confirmation shouldn't take more than 5 days. In fact, most of the casinos can instantly verify your identity if they are using some good identity verification service. Most likely the support team can't reach their own staff. And what is more weird is that they are asking for source of funds. Lol who asks for the source of fund of $50? Clearly making excuses for some reason to delay withdrawals. |
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Singapore makes regulations first before crypto or Bitcoin begins to be used as a means of payment for transactions for goods or services, they care about the friendliness of developing technology, so it is necessary to make clear regulations as a legal umbrella, both to maintain economic growth and early detect money laundering caused by transactions involving crypto.
I do not agree, that this country is a place to hide regulatory obstacles to legal umbrellas in other countries, because they also make special rules governing this issue, which distinguishes Singapore from other countries only in terms of "regulatory certainty" or guarantees for industry players and consumers. also guaranteed to know information about companies that can be trusted.
Singapore is also a country that has a huge income for every native and immigrant, allowing bitcoin to grow rapidly there, and it is possible to achieve status as a Bitcoin hub and become bigger like El Salvador.
All they are doing is "regulate" crypto currencies to make it "more friendly" (more like to try and control decentralized currencies) for their own benefit. This doesn't mean they are "the second country" to follow the footstep of El Salvador. There are literally countries that are more friendlier and has better crypto currency regulation. So Singapore isn't the second or anything. You might call it the "third" if they do make it a legal tender. |
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I tried to send bitcoin through coinbase.com and they would not allow the transfer to an online news agency bitcoin address.
About a week or so later I got an Email and Coinbase made me fill out a form about why I was trying to send bitcoin to this address. It was for $5 dollars worth.
I later learned that this news agency was sanctioned by USA and it was under Russian disinformation website. I had no idea as I thought it was just a news website that offered an alternative perspective than what the USA media is telling us about the war. I mean who would have thought the USA government would sanction news right?
Coinbase made me fill out a bunch of questions about why I was sending $5 bitcoin here, even though it never got sent. They asked the reasons and how I was affiliated with this organization. They said it was their due diligence or something, even though the bitcoin never got sent on coinbase.com
Kind of pissed they made me fill this out and I had no choice because they threatened to ban my account.
I did actually send bitcoin to this Russian organization with my mobile coinbase wallet as they did not block me sending bitcoin to this bitcoin address with the mobile wallet.
My question is, does coinbase know and keep track of who I am sending bitcoin to with the mobile coinbase wallet? Should I consider another wallet?
Thanks
If you sent coins from the coinbase.com webwallet (which is the exchange wallet), then yes they know where you are sending your coins, they know how you are spending it, they can freeze your funds whenever they want, they can ask you question, they own your coins not you. It is true for all custodial wallets. If are saying that you were able to send your funds from the android coinbase wallet, I am guessing it was a noncustodial wallet where you own the private keys hence they don't know or don't care how you spend your funds. Did you have to create an account with email address and password when trying to use the android wallet. Were you provided with the backup phrase? |
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Bitcoin for me has opened up an incredible amount of business opportunities since I service many of the Bitcoin ATM operators though a telecom company and provide internet services (at least up until recently & its not to a complete halt but there is less demand since the drop) .
Service? Did you mean to say that you own a bitcoin ATM? From the perspective of a bitcoin hobbyist, this looks impossible and too risky for an individual person to setup unless you have a LOT of money on hand. Complying with your country's regulation is another thing that needs to be considered which would then required a lawyer to do the legwork. There is also the day-to-day management and finding a suitable venue which would require again a lot of your time and resources for a single ATM machine. Would love to see some clarification about this Since he never answered to you, let me clarify on his behalf. If you read his post again, you will see that he provides "services" to the bitcoin ATM operators. Probably helps them install the ATM and provides them with technical help. He did mention that he provides them internet connection.. so I am guessing he maintains those ATMs for the providers. It is not impossible to setup your own ATM machine and the risk is surprisingly less. I don't think you have to invest a lot of cash because I doubt anyone would withdraw fiat or buy a large amount of coins from an ATM (because of the high fees). Owners don't have to hold BTC hence they are safe from volatility. They only need cash money. When users sell them bitcoin, they buy it cheaper from them and converts it to fiat currency. When users buy bitcoin from them, the operators buy the bitcoin from an instant exchange and sell it to the user at a price little higher than market price. |
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$HTR is the next gem, that will create the next wealth generation in th crypto space, few projects as Launch under there Blockchain in some months ago, and they are doing great, the next bull run might be massive. The coin exactly as is own use cases, and a good road map, #Do your own research and invest wisely, Remember, no one will bear your loses, just try and play safe in the Industry... Link to there website : https://hathor.network/What makes it the "next gem coin"? Is it the next gem coin because you invested here and now you want other to invest in the same coin. I mean are you trying to shill for this coin? If you really think this is the next gem coin, then at least try to explain and give facts why this coin has a huge potential. Just "few projects" launching under their chain doesn't make it a good project. Let people know why they are unique and what they have for us that makes them superior than currently existing crypto projects. |
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I doubt they will consider bitcoin as a legal tender. Even though they have their own financial and economic system and they can impose their own rules and regulation, the Chinese government won't be happy about this and will somehow cause trouble and extort Hong Kong into not making bitcoin a legal tender. Hence the "Special Administrative Region". They share the border with mainland China but the mainland China shouldn't have any influence in their governing system, yet they still do because you know.. it's China. |
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I found this interesting read that there are psychological tricks offline casino's use to make visitors spend more money, I have summarized the article and added the link at the end for anyone who wants to read more, Why? cos like I mentioned, it is an interesting read!
So some of these tricks are;
1. Enticing Design - You know casinos spend a whole lot to ensure that their interiors are exquisite and speak luxury, you always want to come back.
2. Lack of Clocks and Natural Light - No clock means you won't be able to know when it's time to go, the more time you spend, the money you spend.
3. Cashless Games - You buy credit for slots or chips, so you also may not be able to keep track of your money.
others according to the article are: Stimulating Lights and Sounds, Memorable Scents, Near-Misses, Familiar Concepts, a Sense of Control.
-snip-
1. I am sure not all casinos have luxurious interior. They all almost looks the same unless you join a high class vip casinos. 2. You have your phone with you or your own wrist watch? 3. Much better. You can at least set a budget how much you will be spending when buying credits/chips. -snip-
Now I understand that Online casinos are not left out and also apply some psychological tricks on us. The aim of these topic is not to say that it is bad as all businesses have their methods to increase profits, but for us to collectively highlight some psychology that online casinos can use. I have identified some as they are similar to those the articles highlighted as it seemed to be mostly focused on offline casinos, they are;
1. Good and user friendly design.
2. Cashless games is definitely among.
3. Stimulating sounds seem to be one. (Please add to the list)
1. Yeah, more simple = faster. 2. Aren't all online casinos cashless? you pay with card or crypto. 3. Sounds to affect but I guess most people prefer to play without a sound. At least me. 4. I can add one: Flashy designs that attracts your attention when you win (and sometimes even when you lose!). |
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He was the one who caused the most pain to many investors and now he is still hanging around out there. I hope he will soon have to go to court and pay the price for what he did to the market for investors.
People believe in him and value his project but he stole everything leaving thousands of damage affecting hundreds of thousands of people's lives.
As far as I know there were already people that knew the stable coin UST would be prone to attacks and will someday fail. As far as I know there were even similar predictions that showed how Terra luna and UST would crash and wipeout the whole ecosystem. But the founder was very arrogant and used to make fun of others who speak against Terra. He even said something like he enjoys watching others fail. He was even titled as "trash talking crypto founder" in NY times lol. Google it and his face will pop up. |
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Started this 1k to 10k challenge in 20 days, Now I am thinking about getting into meme coins or nfts. Heard about dogechain but not sure how that sh* works, will have to check them out and get my money out before they get "HACKED"
Up 4.4k already on day 11
-snip-
A very weak attempt to increase your followers and make them join your discord and scam them. Based on one of the comments I assume that you are selling trading "classes and courses"? The screenshot you provided proves nothing. And why would invest in meme coins and nfts if you are doing well with regular coins since it will only make your trading riskier. And worst part is you are trying to promote a coin that you know might get "hacked". Try shilling somewhere else please. |
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What are we going to do about the 2 billion worth of BTC that Mt Gox plans to release very soon to the public, won't this make BTC crash heavily or the rumour is fake?.
Because it hasn't happened yet. Once they release the bitcoins to the public soon, FUDs will start spreading (and topics/thread like this). People will start panicking reading those news and articles, they will start selling their bitcoin because they are going to think that "BTC is going to crash heavily" (and will be more convinced when they see threads/posts like yours) and will end up crashing the market. In other words, bitcoin won't crash because of those 2 billion worth of BTC, bitcoin might crash because the FUDs that will be spread. The drop will be temporary and the market will recover rather soon like it has always been. |
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Ethereum was dumped down to 950$ in latest Bear market and now it's trading 2x from that price. My question is , what is best price to buy ? Buy now or wait to down 600$?
No way the price is going down to $600. Now is actually the best time to buy. Why wait if you have some money lying around. Just don't expect to get rich overnight. Buy before the merge takes place (now if you can since the price is once again below $1,650) and as the merging approaches keep buying as much as you can to maximize your profit. Once the merge takes place, very highly likely people will sell their coins to take their profit. If you think the price will go down, sell and buy later. If you think the price won't go through a correction phase or don't want to risk anything keep holding for long term till you reach your profit goal. |
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