|
There are simply no risk-free fights.
The best that you can do is to somehow arbitrage your way into a surebet, whereby your are able to secure a winning outcome regardless of the winner of the match. But arbitrage betting is incredibly hard to come by usually.
But just because something seems likely doesn't mean that it's a good bet. These are usually the bets that give you the least amount of EV, actually.
|
|
|
|
|
Chill.
The current market cycle might be over but that doesn't mean that bitcoin all of a sudden has no long term value.
I personally think that if you were a swing trader or a day trader, then you should have definitely sold at near $50-60k. But if you were just a retail long term investor, there is no reason to panic just because you haven't sold at those heights or bought in.
BTC has proven its long term resilience over and over again. There is no reason to believe that institutional adoption is going to abruptly end now.
|
|
|
|
A bubble is not about how high is the price of something (tulip bulbs, diamonds, dot-com stocks...), it is when the price is not justified. It is a bit for everyone to decide if the price of an asset is justified really, there is not a magic formula that will tell you if it is. In stocks or investments you can make a "discounted cash-flow" apply a rate of return and make some hypothesis about economy, growth and "moat" and at least you will get a number from it. On other assets, the price will be fixed by supply and demand (and that is the case for bitcoin) since they do not produce a regular cash flow.
When it comes to decide if there is a bubble, you have to think about how much is worth to you. How much would you pay to get, e.g. a 4% in dividend instead of spending the money today in a car or a TV? How much would you pay for a diamond or even a soccer ticket? (my personal for those two is quite low)? Or, How much would you pay for 1 in 21 million bitcoins?
Getting to the point, bubbles happen when you start buying something just because you think someone will pay more for it, instead of looking at how useful is it for you or for a community of people. Buying something is actually telling the market that they are wrong, and what you are buying is worth more than what the consensus means. This is being contrarian, anything else is speculating and creating bubbles.
Indeed. The absolute level have nothing to do with whether something is a bubble or not - and it is a common misconception that people think just because the stock market has been going up consistently over the last 40 years that it must be a bubble. Sure, indices are at all time highs but along with it are fundamentals are earnings figures. The same thing can be applied to BTC, even though DCF is obviously not applicable due to the lack of cash flows here. The level of adoption and institutional interest can be a gauge in BTC's fundamental valuation, and it's certainly in line with price action right now. |
|
|
|
|
If you have disposed of coins, make sure you declare it properly.
There seems to be a range of initiatives right now in both the Treasury and the government that is addressing tax policy. The 15% universal minimum tax rate for corporations seem to be released perfectly in line with the crackdown in crypto activity.
Definitely not a coincidence I'd say, and the internal revenue services across the world will likely be looking to cash in with the crypto boom. Be smart about taxes though - if you just need money for short term purchases, consider taking a loan and keeping your BTC positions open so that CGT doesn't incur.
|
|
|
|
|
Makes a lot of sense if your current legal tender currency is foreign anyway.
But honestly, legal tender status means next to nothing. No one goes to court these days to settle debts. Actual adoption will still depend on grassroots interest as opposed to any sort of bureaucratic legalese.
Though, I do expect BTC being incorporated into a lot of countries' reserve asset portfolios. That is a real possibility given its status of a store of value that has emerged in recent years.
|
|
|
|
I have got some amount from the last bull. It was a great journey although I had lost huge amount at the end. Now, I'm only holding USDT and planning to utilize the money for buying BTC long term.
Will we ever see BTC below $10k? Actually I'm waiting for BTC to reach $20 so that I can invest my 50% and later on if price fall further, another 50%. But what if it doesn’t go such below? I will miss the potential gain.
So, what do you think? Will we see BTC $10k anytime soon? Maybe in next year or in 2023? Or I should start DCA right now?
Time in the market beats timing the market. Start DCAing now with around 2% of your total portfolio allocation towards crypto each week so that you cover around a year's worth of prices through your purchases over time. I highly doubt that prices will ever go back to $10k for a sustained amount of time, although it is possible. The fundamentals are simply too robust right now, with such high levels of institutional adoption for prices just collapse overnight like that. You should seize the opportunity of being able to buy coins at sub-$50k levels while it lasts, as it could go north very quickly as well. |
|
|
|
|
I personally could care less for this graphics stuff.
As long as the slots have a good RTP and a decent volatility level, I'm fine with whatever the game developer decides to throw at me in terms of the graphics.
I do know others that think the completely different way though, and they tend to like slots such as Fruit Party, Sweet Bonanza etc. just based on the graphics alone.
There is absolutely nothing wrong with that, but I personally don't see the point especially when the development costs are likely passed onto you through the form of higher house edges.
|
|
|
|
|
Seems like a pretty niche betting market.
I personally think that it's just too prone to manipulation to be a feasible bet for more sophisticated bettors. There will also be a general lack of liquidity.
If you are an enthusiast, sure, go for it. But just know that there is no real authority that is keeping the bets fair, and it's essentially the Wild West. I can imagine if the betting markets for climbing did get large, then there will be quite a high incidence rate of "match fixing" whereby climbers fail on purpose to get themselves or friends/family a handsome payoff.
|
|
|
|
|
Guaranteed prize for sure. Freerolls are never worth your time in general.
But you have to consider the fact that good tournaments these days are pretty much nonexistent, and the same goes for poker freerolls.
Beggars can't be choosers. If you enjoy playing and you don't want to have to deal with high risk plays, then just take whatever you get. Freerolls are still free at the end of the day and you can't really complain much.
|
|
|
|
|
Welcome.
I like the fact that you're giving out fairly transparent bonuses, without a deposit requirement, and with a decently achievable wagering requirement. Not a lot of casino operators do that these days and it's certainly a distinguishing factor.
However, I personally think that site design good, but could be improved in areas like the wallets page. You'll inspire a lot more trust if you invested some funds into refining that imo and delivering a more professional product.
|
|
|
|
|
Cheers for this. Seems like FJ and Cryptoskull are leading the way in terms of faucet payouts right now.
I still remember the days when Primedice had whitelisted accounts on their site that paid out faucets of 0.0001 BTC once every 10 minutes. Absolutely insane to think that it would be worth $3.5 USD per claim now and you would have netted above minimum wage by just claiming the faucet.
I'm surprised that some of these faucets are still paying so much in terms of USD - 500 sats is still ~20 US cents or so, which was way better than anything we were getting back in the day.
|
|
|
|
|
Whenever there is disaster there will also be opportunities.
It is the two sides of the same coin. While fortunes were destroyed for people who panic sold their stocks/cryptocurrencies at the depths of the bear market, it was made for tech entrepreneurs and those who bought up shares in quality tech companies at bargain prices.
It has really allowed us a glimpse into a WFH, complete digital ecosystem alongside with cryptocurrencies as the dominant global reserve asset. And I believe that this vision will be realised very soon.
|
|
|
|
|
If enough people are making predictions, there is bound to be one that nails it on the head.
That's just how statistics works - it's not some fancy algo that they have that they're peddling for a few bucks that is doing the work. It's luck and to some degree, common sense.
Everyone can see that BTC was on an unsustainable trajectory near the tail end of April, and resistance at $60k was extremely strong.
Don't ever believe in the notion of deterministic predictions - they are just gimmicks that marketers try to get you into believing. Don't fear his bottom predictions either for the same reason.
|
|
|
|
|
I think that this news should alarm Tether holders more than BTC holders.
BTC prices correcting from its ATH is merely a normal reaction due to the unsustainable growth that we have seen over the past few months. It is completely independent from the governance and reserve structure of USDT, no matter how much the media tries to convince you.
But this is scary for the stablecoin industry. Holders of these tokens need to understand that they are getting ripped off - being paid 0 interest and allowing Tether to nonetheless conduct fractional reserve.
|
|
|
|
|
There is no completely riskless platform. As long as the operations of an exchange is centralised, there will be a risk of them enforcing KYC arbitrarily - however minute that may be.
Binance is probably the closest you are going to get to a major exchange that still accepts semi-anonymous registrations right now, and even then it is extremely risky.
It's either a) you go with a smaller exchange with low security and liquidity, and have lower KYC requirements or b) take a small risk with a large centralised exchange that you'll get asked KYC questions. I'd rather choose b) if I were you.
|
|
|
|
|
I doubt that it's going to be a big thing.
Not because of their platform or anything of that nature. Rather, it's just that the sportsbetting crowd is not yet at the stage where they are comfortable with moving onto a decentralised platform (much the same way as crypto exchanges in general).
There will likely be significant illquidity issues when it comes to obscure sports markets which makes the platform impossible to use for a retail bettor who is trying to just get market odds. For whales, the problem is even worse.
|
|
|
|
|
Short term, anything could happen.
Heck, even if BTC went down to sub-$20k levels I wouldn't be that surprised. Short term fluctuations in BTC prices should be nothing new to any bitcoin bagholders here, and when markets become irrational, they do so on a massive scale.
But in the long run, BTC is not going to break down - its fundamental technology is more secure than ever, and institutional interest and adoption is only going up from this point on. Be patient.
|
|
|
|
As a result of Covid -19, in payment preferences, Many companies and authorities around the world are increasingly looking at digital currencies as an alternative way to make transactions in digitalized world. So guys what do you think about ? How will be easy the day today life after adopting for digital currencies?
I don't think that there is necessarily that much adoption. Rather, the risk appetite has universally increased and as a result, people have tended to increase their percentage allocations in volatile assets such as cryptocoins. Some people have legitimately adopted cryptos as a store of value over the pandemic, no doubt about it. But there's much more who are simply gambling on their Robinhood or Bitmex accounts with leverage and cryptocurrencies as the medium - and that's not necessarily a positive thing. |
|
|
|
|
Finally something that's not just copying the traditional crash format.
Personally, I think that the crash/bustabit game is just so overdone and competition is so rife that it's not worth it for anyone trying to enter the crypto gambling space to feasibly pursue.
Will be following what a dual crash format looks like, but I can imagine it being something like whoever cashes out at the highest wins the whole pot, and if both people fail to cash out then the house takes a % of the bet before equally distributing the bet as a tie.
|
|
|
|
|
Absolutely agree.
The market correcting at a lower price actually means that the long term stability of prices would likely increase substantially.
If BTC were to adjust at a higher level that is not backed up by fundamentals and due to pure speculation, say over $100k, then the crash would have been even more daunting (>70%, perhaps) and media would likely spun it off as proof that BTC can never be a store of value.
This correction has been pretty mild in nature compared to the previous bear markets, and is completely justified. Nothing to fear here.
|
|
|
|
|
Show Posts
