Good article. Welcome bonuses may sound appealing at first, but in most times it's more or less selling a daylight robbery dream.
Keep in mind this article isn't just about the welcome bonus, but reading T&C. A lot of traditional websites have websites which "allow" them to hold your funds due to some unethical terms they tend to add in.
Be cautious people.
I think a good strategy to deal with new casinos is not to deposit any money there until there're confirmations from other members that the money can be withdrawn. As for bonuses, I suppose if a casino is just giving you a welcoming bonus which you can spend on their website (and this one is usually to small to withdraw anyway) then it's fine to use it. And it is quite fair as well that one cannot withdraw it from the website, since it is meant to be used to gambling testing purposes.
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The game sounds very interesting and a min bet is sort of fine, but bch transaction fees are about 5 times as big as the min fee. As this website is probably new, I think you should offer some small amounts of bch for people to try your game. You may also consider making a faucet on your website, or at least make a free demo version of the game with zero bet sum and no registration required. This would attract more people, since gamblers are not willing to deposit their own money to new and thus not trusted yet casinos just to see whether they like a game.
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network marketing
Do you mean something like this https://www.entrepreneur.com/encyclopedia/network-marketing then? And by 'outside from bitcoin' you mean everything apart from cryptocurrencies? Than the answer is probably no. I mean, if you're good at convincing people to buy some stuff they'll never need then yes, but I think that it's better to promote projects indirectly like in signature campaigns rather than really make people invest their money into something. I guess in the latter case you inevitably feel responsible for the impact you made on lives of others and that impact might be a bad one.
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I doubt the recovery back to $19000 can be that quick! within only 24-48 hours!
Yep, it didn't happen, since bitcoin can't recover so fast. I think transaction fees are playing a major role nowadays. Even when the price is down (and now it's less than $15k, so we can say this is the case), the fees are lower, but still high enough (I have $12 fee now), so that discourages people from buying bitcoin. As a result, it doesn't recover fully, since people are more willing to sell when transactions are down rather than buy, for they know that they won't be able to sell on higher prices.
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You can certainly make shorterm profit however the market can be VERY volatile and unpredictable. There are risk factors and other variables you have to evaluate and even still something can not go your way. Best to not try to time the market and to hold a few good coins and profit off them.
If it wasn't volatile then the profits would not be possible, you know. I think trading and keeping your profits low but steady is a good strategy. Start with 10-15% profit which you can get every day on lot's of coins (as coinmarketcap shows). Just Analyze the charts and make buy when the price is lower than it usually is these months. I think daily trading can be done with various coins, but I heard that it is better to choose one coin with regular fluctuations and follow them for this purpose.
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Back into crypto i go. Im putting 25k into ETN and will start diversifying this year i am hoping im able to get roughly about 40-60k more in by the end of the year. But what do you guys think about going all in with the first 25k into ETN? I will be a long term holder i really feel this stock will reach $1.00 by the end of 2018. Or should invest into multiple alt coins and sell off some ETN? I do plan on buying BTC, ETH, Substratum, Litecoin, and Ripple.
ETN is a very good project in theory, but it seems that in practice people are not as interested in mobile mining as we thought they would be. I think it's really bad that it's traded only on cryptopia. Bigger markets could attract more people to this coin. Investing in electroneum is a good idea, but 25k might be too much for this one. You really should buy the coins you stated (apart from substratum, perhaps) and you might think about buying iota as well, as the coin is very cool.
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Should I buy some ripple coins now? Is it worth it?
I heard it was pre-mined and it is not decentralized... it's a bad thing right?
Ripple is bad if you buy coins based on their ideology and support Austrian school of economics with all this free market and decentralization stuff. If you don't really care much about it and want to earn money - ripple's very promising. Ripple works with banks, so that they don't die as cryptocurrencies become more influential, and it's good at what it does, so it is very likely to grow with time. The current price is obviously still very cheap, I am sure it can be worth about $10 in a year from now.
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There are significant differences in pricing on various exchanges. What is to stop someone from buying at a low rate on one exchange, sending it across into another exchange and dumping it for a profit? https://coinmarketcap.com/currencies/bitcoin/#marketsCan someone please explain the catch? I think there's nothing wrong with such an idea, but the truth is that the price is mostly the same (or almost the same) on major exchanges and you'll probably spend more on transferring your funds than win. Take a look at ethereum, for example. The price is VERY different if you look at different trading pairs. eth/krw is $900, whereas eth/usd and eth/btc is a bit more than $700. I think money transfering will make the profit insignificant. And eth is among the most significant one's, whereas usually the price differs less than 10%.
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Clearly the answer is yes. High fees do affect a Bitcoin casino's profitability badly, but I am interested in what kind of solutions are you planning to fix it?
Is it enabling Segwit or shifting your business to accept altcoins like Bitcoin Cash?
Bch is not fully recognized to be an altcoin, some say it's just another btc. Transaction fees are a big problem indeed and not only in the sphere of gambling but in any area where bitcoin is used. A couple of months ago I could enjoy transferring about 15 dollars on an exchange to make some experimental investments and I could even get profit out of it, whereas now this sum won't even cover the fee. Yet bch is not really helping a lot, for the fees have grown there as well and are now about $10 which is still too high. I think we should all turn to litecoin as a main currency now.
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Hello guys!
I'm a little bit newbie with cryptocurrencies and I've made a BTC transaction with low fee wihout know anything about fees... Can you please help me with it? I am talking about this TXID:
6683aa9b44692c63bccd2b8c4c5d35a9da6d7b7bf566e077ebd21aa4dfb76983
Thanks a lot!
I see that transaction is still not confirmed. The reason is that you payed a very low fee of $2.14, whereas the regular fee is currently about $20. A friend of mine made the same mistake and will probably be waiting for about a month till the transaction is confirmed or rejected. There is some advice on this website on what can be done in a case like yours: https://bitcoin.stackexchange.com/questions/53852/how-to-unstuck-a-low-fee-transaction-with-blockchain-info. However, I think that what they recommend is mostly too hard to get done and it still doesn't guarantee the problem getting solved, so the best solution is probably to wait it out.
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Hi guys
Is there any more interesting and different gambling?
I just want to try something different in the form of gambling.
please recommend sites
thanks you
Seems like you are already done on playing common games like dice, slots and some casino games which i do feel the same thing for sometime which i do got already bored. If you are really finding for another unique game.I dont know if you did try out this but i would recommend bustabit because for me this is somehow unique game and its thrilling. There are lots of similar sites to this but this is the original ones and those other sites are just copycats. I agree, that's a great advice! Focusing on the chart and pushing the 'sell' button in time involves a lot of feelings. And what is good is that you can sort of play lightly and earn some money this way. The thing is rarely busted right after it started growing and you can count on having 50% profit rather safely. It is hard to control oneself and resist the temptation of trying to make, say, 6x profit at once, but it's not impossible. What's also important is that this kind of games at least give you the illusion of being skill-based which usually makes one feel better about gambling.
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... The point is: You are 'guaranteed' to make more coins with investing in a coin...than actually gambling with that same amount.
INVESTING IN (ALT)COINS IS THE NEW CRYPTO GAMBLING!
I completely agree with you that nowadays it's a lot safer and potentially more profitable to invest in a coin than gamble. The main reason is that the coin's success can be predicted based on it's main features, whereas in games you mostly deal with randomness. Moreover, when the casino owners are interested in you losing the money, coin owners are in a way interested in you winning, because if a lot of people earn something from buying a coin, it will attract even more people and thus the coin creators will become rich as well. Nevertheless, surely, as mentioned by other members above, gambling provides you a different kind of experience and trading cannot compensate that one fully, partly because everything proceeds really slow in trading in comparison with gambling.
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Why would Coinbase buy on Bitstamp?
When someone buys on Coinbase, it matches a seller on GDAX (I assume)
I agree that it doesn't make sense for coinbase to buy on bitstamp. As for the manipulations: how can bitstamp make a difference if it has less than 3% trading volume? I don't think that's enough to affect the price. Bch market used to be concentrated the the hands of South Koreans on bitfinex but even that is not the case right now, since bch is now mostly traded for USD and bitfinex has only 14% of the volume. Perhaps bch is up, because it's just like bitcoin but with lower transaction fees, so people turn to it to operate with their money.
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Hi guys! Could you please recommend me game/simulator etc where i can try to trade on cryptocurrency markets? I want to invest to crypto, but i need more practice in it. Any ideas? I think bustabit and meckabit are good examples. I am not sure what you mean by 'cryptocurrency trading' simulation, but these websites offer games based on stock market simulation. You place initial bet, the round starts and you see the chart showing the price going up. What you need to do is sell before it is busted. It is like a superfast simulation of trading with a bit more risks, for in real life the price usually goes down slowly, so you can still make profit even if you missed the moment with the highest price.
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I would like to invite all of you if you still dont have an account on the following sites:
Freebitco Bitsler Primedice Luckygames Duckdice Stake Yolodice Zoomdice
Sites are good and legit, but there are no referral links out here, you know. And surely people won't believe you'll actually use the money you earn for helping poor children. There's no reason for people to trust you. At least, you should create a wallet solely for those purposes and then give some information on how exactly the money was spent. It would be even better to ask a trusted member of the forum to hold the funds. If you really want to do a good thing then you'll probably agree to do this.
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I'm having trouble finding a casino will allow withdraw amount of 0.001 or less
Every site I've tried so far doesn't let you - Am I looking in the wrong places, or they simple don't exist?
I'm afraid for now there's a specific reason making that impossible. Good exchanges and casinos let you withdraw anything above the transaction fee. 0.001 is currently $15.24, whereas a regular transaction fee varies from $20 to $30. That's why you'd better choose another currency for gambling until people calm down and stop operating with btc so much. For gambling purposes dogecoin is very good. It is accepted highly among different websites and the coin is cheap itself, so the transactions are so cheap you won't even notice them. Crypto-games ( https://www.crypto-games.net/) is among the most popular casinos. They have roulette and they accept doge with a min deposit sum of 100 Dogecoin, but even they have a min 0.002 withdrawal in btc or altcoin in equivalent money.
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I also want 10 BTC where the santa
Who would be against such a present! Yet the thing is that people don't give such huge gifts to others, you know. In my country the usual sum of money spent on a birthday/Christmas present is $10. A really cool present for close friends might cost $20. Now, bitcoin transaction costs like a good present and sometimes even more than that, so I guess for now it's better to give money presents in fiat or in normal currencies with a reasonable fee. at Christmas, value doesn't matter most, but goodness is.
Yes, this is a religious holiday, so people should care about the money as much as they usually do on this day.
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It's a very roundabout way of trading, and is probably completely impossible unless you're willing to change how the entire technology works. You'll still have to transfer at some point because you'd want to transfer exact amounts.
I don't even think that people transferring to their other addresses is the problem. It's the exchanges. They contribute to most of the traffic. I'm sure it would make a world of a difference if they all opt into Segwit. Your solution won't work with exchanges either since they don't let people see the private keys.
Exactly. At least, one has to transfer some money onto the exchange first and the fee is to high for that. Moreover, one might also want to be able to withdraw the money afterwards, which would also be hard (unless one converts btc into, say, ltc on exchange and then sells ltc for fiat). I think something major has to be done with bitcoin's technology, we can't just avoid transaction fees forever. Yet for now there are some good ways of dealing with the problem: it doesn't always work, but if you have btc on blockchain, you can transfer your btc to eth (or btc to bch and then to eth, just look at the prices) and then withdraw ethereum to some place where you sell it for fiat or use for other purposes. This way you may pay something like $1-3 instead of $30, but again, that's just a temporary solution.
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It seems now that BTC and many of the main cryptos are our of reach for a majority of people. It’s become a speculative disaster waiting to happen. A peer to peer decentralised form of payment now left in the hands of 2 individuals who own more than 40% of it and an ever increasing and volatile price which makes transacting in BTC for goods and services practically impossible. It’s fair to assume that satoshi would be appaled by what is taking place.
What do you mean by 2 people owning 40%? I thought btc was highly diversified. Surely the price is still rather high, but, what's worse, the transaction fees are crazy. For that reason surely not a lot of people can afford bitcoin. Yet the same doesn't hold for other cryptos. They are mostly very affordable even if the prices are high, since one can buy nearly any amount of coins. I guess eventually, if btc is not fixed, people will just turn to other coins like litecoin and ethereum.
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We see new coins everyday.. I wonder how much does it cost to program and launch a proper coin .. not a scam one.
If you have a proper use-case and are certain about adoption. What sort of money you should be looking at to invest before you plan to launch a coin?
Replies will be appreciated.
Thanks.
To create a coin you need a team, a product and advertising. I think it's thus really hard to count the needed money for that, because it depends a lot on whether you have a real project for it, whether you will manage to have good partners.. Yet I guess min 1 million dollars would be enough to do such a thing. You can take a look at the funds raised on ico projects to see the sums. If one has a product but doesn't have a lot of money to launch a currency then it's a lot better to launch a token on Waves. It's super-easy and really cheap. Thus you won't need to spend money on a team but, if the idea is good, can still make good profit.
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