Just as people moved from gasoline powered cars to electric will investors also move from bitcoin to ecofriendly alts?
I don’t really think so. But yes a lot of people don’t like that bitcoin consumes a lot of energy, and for sure there are going to be people who are going to leave Bitcoin to go for all those greener altcoins, but that is not the end for Bitcoin. If you have been reading the news or doing research about bitcoin mining, you’re going to know that a lot of mining companies now are starting to move to mining Bitcoin with renewable energy source. I know of a company that 95% of their mining is with renewable energy, and then 5% is from nuclear. |
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Binance CEO Changpeng “CZ” Zhao said it’s impossible for a single entity to kill bitcoin and its underlying blockchain technology. “I don’t think anyone can shut it down now, given that this technology, this concept, is in 500 million people's heads,” he added. Binance is the biggest cryptocurrency exchange by volume.
Theoretically, this is true, but governments and regulatory bodies can severely restrict access to and redemption of bitcoin. While the network will always be accessible through an internet connection, and Bitcoin will always have value, it is another issue if BTC use and custody are heavily regulated or outlawed due to Governmental fear of losing their monopoly on the money supply.
Yup, the guy is right, and this is nothing new. I believe that everyone who has been around here for a long time and has taken time learn about Bitcoin already knows by now it cannot be shut down by anyone, not even the government can shut it down. And moreover, they can’t stop people from making use of bitcoin. Of course I do understand that they can place restrictions in some ways, but that’s enough to stop the people who have decided to be making use of bitcoin. Since it is a decentralized currency, people are going to make use of peer to peer methods, which is the original form of Bitcoin, to carry out transactions without a single restriction. |
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Hard to tell whether the bulls from two month ago are still the bulls from today. I am sure that some guys really took big time profit off the table and are now more observers than traders. I would like to see Binance's balance sheet and exactly check how much of their cryptocurrencies they now sold right into the bull run. I think they sold a lot.
I guess there are surely some, and there are some that left there is no doubt about that for sure. However, the real question is that how much money does the bulls have that they can recover and increase the price a lot? That is the important question and most probably the answer is that there is not enough left. I believe we still have a ton of bulls who think that the price will go up and they would love to buy more but the fact is that they do not have enough money that could help us go up. For example, I am not a rich person but I think it will go up, if I had a million dollars just to invest I would definitely buy bitcoin but I do not have that money so I can't. This of course goes higher up than me, someone who normally buys 1 million, buys 100k, someone who buys 10 million buys 800k. When the bulls end up with not enough money this is the result. |
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Lol that first photo is quite funny and it perfectly shows the kind of emotions that people go through in this market. I remember very well around 2014/2015 when I started investing in cryptocurrency, I first got in around $250 and after sometime something related to scam happened and I was discouraged from investing in the market, so I gave up and decided to stay out.
But, after a long time I discovered that the price was as high as $2,000 and I had to come back again lol. Almost everyone has gone through a situation like this in one way or the other. But it's good that we keep saying it so that the newbies will learn and not make the same mistake that we made, though I do know that they will do that mistake for sure.
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I know everybody is quite upset since Roobet asked to fulfill your KYC, but can we move on and focus on other things that this casino have to offer such as all their promotions that they offer (on this forum and on the site) or just share big wins or stuff like that.
No? Why would we move on? That is like "I know someone stabbed you with a knife, but we have been talking about it for a long time can we move on?", why would we move on when a place did something horrible and we are expected to just accept that and continue life? It is obvious that it is a horrible thing for us and we would like to keep talking about it until they decide to cancel it. Make KYC deal a "just in case" thing and not ask it to everyone, otherwise we will basically be "protesting" what they did by writing here about how a terrible place roobet become with the KYC requirement and that's it. I understand that they may not like it, I understand that some people like you may not like it, but since it is a terrible thing to us we will keep talking about it. I haven't been playing here since that started and I would like to play here, I like it here, but they ruined everything. |
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Is it just me or does anyone else just not buy it? Maybe it was done retrospective, or maybe he is just lying, I do not know how or why but I feel like this can't be done and he is just simply lying. It doesn't even matter if places ban you from gambling there as long as you can take your money out because at the end of the day if you can get your money out you can just go to another one, there are plenty of places that you can gamble and that is why it doesn't matter if a book bans you or not.
I just think that 5k into 1 million is not possible, not in 2000 bets, not in 3 years, not in 30 months, it is just not something that is possible. I get that if you do it now because you could go back and find the winning bets and act as if you bet on them but I feel like this guy is just a liar who can't because it is not about specific person, it is not about "this guy can't but that guy can" type of deal, nobody can do it.
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I've heard that Juventus are trying to make a cash+player deal for Ronaldo. But I didn't know about Roma aiming such thing. It could be a really interesting deal if it happens. But I don't know whether it could be good for Ronaldo. If he doesn't go to Manchester Utd, then I'd like to see him continue at Juventus rather than going to Roma.
I guess sure Ronaldo is 36 years old but how can anyone believe that Ronaldo would be willing to move to Roma? That is a second class team and Ronaldo should not play there, I am not saying it is impossible but it is definitely not something that would be out of this world, I wasn't expecting Ronald to leave Madrid neither but he came to Juventus, I think that was a very big "drop" for him as well, Madrid is definitely the better team but he still made that change, Roma would be similar drop as well so I wouldn't be shocked but he definitely should not do it. On the other hand United would be awesome, Pogba wanted to be in Juventus so much and Ronaldo was in United early career, so that type of switch could actually be a huge deal. I do not know if there should be a money involved, I know that Ronaldo is older but he is still better player if you ask me, it could be just ronaldo for pogba. |
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High inflation driving everybody insane. The guy who is running out of money to keep up with the expenditure are pushing themselve to gambling their cash on everything possible, stock market, crypto, commodity. The cycle can be seen in years of the past. It’s not a untold story.
Food price is surely soaring. Some items in the online store soaring in price too, can’t you ignore it wouldn’t impact your daily routine, the inflation drag everybody down into the rabbit hole, no one can escape this chaos.
What I am afraid that people get stuck is that "history WILL repeat itself" is something people think about and that is scary. There is of course a "chance" that history can repeat itself but just because it "may" doesn't mean that it will. This is why I feel like people should be more careful about what is going to happen. If you think that for example 2017 was high and 2018 was low, so by that logic we had 2020 high and most of 2021 high as well, if it stay low like this will we call 2021 low? I mean for 5 months it was high. So it is not always the same, but obviously what goes up eventually goes down and what goes down eventually goes up, that is not going to change because it is literally the only directions left. So long story short do not consider past as a path, but consider it as a lesson and learn what could happen and not what will happen. |
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I think most of us would rather not have had COVID. It has been devastating for many economies and it took a bad toll on people. However it has had some side benefits (some may argue that having Trump removed for now may be one of them, LOL).
I am talking about the digital revolution that was already taking place, yet still had some bumps along the road to occur, and has been forcefully implemented by many companies that required their people to keep on working. I am also talking about the immense number of new influencers and subscription services that had increased their adept several times-fold. All this would have taken ages otherwise.
No matter how well people try to twist it, I am still not happy about this Coronavirus. This covid have ruined a lot of things, especially the place I live, things have changed a lot. This virus brought economies down and led to hunger in a lot of societies these days. And when there is too much hunger people will start living reckless lives to survive, there will be a high rate of crime which is very bad. So, tell me why exactly I should be happy about coronavirus? Of course it did bring a digital revolution, but what's the need for a digital revolution? We don't even need that, I will choose peace of mind over that. |
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-Digital books and kindles replaced library books
-Regular mail was replaced by email
-Previously, we took actual photos; now we take digital photos
-Digital music replaced cassettes and CDs.
-We switched to direct deposit from cash or checks.
How often do you actually have cash? It's rare that I do! The next item on this list is money.
Then... Buy Bitcoins.
There are some things that can't be replaced easily. Yes there are digital books and Kindles, but there are still libraries being built in schools. They never told students to read digital books. But I do get what you're saying, yes there will be new ways that technology will bring about, but that doesn't mean that the old ways will be completely buried. It's all about preference when it comes to money. I make use of electronic payment methods, and I also make use of cash. But the majority of the people where I live are making use of cash (paper money) and I'm mainly able to make use of electronic payment methods when buying online and when I go to big stores. |
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I honestly think Stake are funding too many promotions and Giveaways and Brand Ambassadors lately and this might be why we see so many complaints in the Chat channels about people saying that the RTP on games are too low. There should be a good balance between marketing the casino with new offers and giving the players an enjoyable gaming experience. (24 hour race / Weekly / Pre-Monthly / Monthly / Eddie's weekly Stream with Bonus codes and $100k Raffle / Conquer the Casino prizes etc..) It is no use for a casino to pull in more players with huge promotions, but they leave because the RTP is too low. Yesterday, I played 7 different Slots with 1000+ bets on each Slot and none of them gave me more than 80 wins out of the 1000 bets. We all know how Slots work, you get regular small rewards... to keep you playing, but over the long run.. the casino gradually take it all. (Now, in my experience... Stake has set the RTP too low, so many players now feel like they are losing too much... and they move to other casinos with a higher RTP) Let's give constructive criticism to improve our great casino... and ask them to reduce the funding of these marketing schemes and rather give us a more pleasurable gaming experience with a higher RTP.  (They do not need 6 UFC Brand Ambassadors)  They are both giving away millions of dollars monthly, and they are also spending millions of dollars in promotion. Honestly I do not think that there is something as "too much marketing", the more they do it the better, they already established a great website and if they did not changed a single line of code for the casino part that would still be fine for them, surely they need to get better when there are better tech available but that doesn't really sound like a very fastly needed thing right now. I get that stake needs to improve but I do not think that it is the casino part that needs help. I believe it is the management that needs to change some things, it is the lack of small fish friendly moves, they always try to attract whales but I never see them try to get anyone else. Aside from that part where if you gamble with 100 bucks wallet you can just get out type of act, there is nothing wrong with the casino itself. |
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As long as you didn't execute sell there's no REKT or losses in your portfolio. Holding is the best when you saw that the market getting worst because it is still a number of coins but the difference is to have the lowest value compared to dollars.
Panic selling is the most common factor of sudden loss, because of fear, you will blindly accept that you have a REKT, the price will not go beyond zero and that is impossible. The nature of cryptocurrencies is the volatility price and it will obviously fluctuate with or without reason.
Well, many people look at their portfolio and feel "rekt" just because of that. I have a friend who got so scared of what he saw and he was in panic mode, I just told him to stay calm and his money went up again, not to where it was but at least it got up a bit more, and then he was like "oh then I can wait for it to go back up" like it is some marvelous new invention. Basically things are not as simple as it looks in this world, some people are just way too emotional, and that is why we have to just accept them the way they are. I personally do not sell bitcoin, I have NEVER sold any coin for profit, I did had periods when I needed money urgently for some life emergency so I sold some, but I have never sold it for profit, which means I have been keeping my coins for god knows how many years and I will keep doing that until I have enough money to retire. |
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This was a topic started 2 months ago, people are still giving advice, if OP worked on his trading for this past 2 months and traded he would have probably been a decent trader by now. By the way we were in a big crash so do not be worried if you didn't made any profit, there are times when Warren Buffet declares a loss as well so there is nothing to worry about, look at 2008 or maybe it was 2009 I do not know Warren Buffet (or basically berkshire hathaway) lost money that year, and a good chunk as well not something small, recovered and then some later on but he did made a loss.
So everyone loses when the market is bad, do not be worried about that, it is about making a bigger profit later on and recovering the loss and then make some profit is the key. So let's say you start with 100, your goal is to have 1000 in 5 years, if you do that, doesn't matter if you reached 20 at some point.
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central bank not gonna shut down, that's why they also trying to create CBDC that is to compete with cryptocurrency that are decentralized, then maybe in the future cryptocurrency will act like more of digital store of value and stock while the money still controlled by bank through CBDC and I think thats the most realistic future I can see. Of course implementation of CBDC will take a long time as always with the bureaucracy of the government and maybe in the future traditional stocks will get tokenized as well allowing it for trading 24/7
Do not listen to anyone who says that fiat will no longer be available. That is a pipe dream that will never happen because fiat will always be there, if you think that CBDC is not "fiat" then you are wrong because it is still governments money and they are controlling it so it is still fiat, just because it is digital doesn't mean that it is not fiat You have a bank account and you have money in there, is it not still fiat, it doesn't have to be a cash in your hand to consider it fiat, even digital can be fiat. What is called fiat is the governments money and even if it is blockchain based it will still be considered fiat because of how much government can control it, USA could have their own stablecoin and as long as they have control over it, that will be fiat. What we need to realize is the power of decentralization when the CBDC things come out. |
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In the end both payments system have to live together in other to provide the best service, there are several other features that is presented in Visa and absent in btc but that does not mean btc is less in value, the way btc was designed is different than Visa, between I like the idea of having both around which means I can choose anyone that suits me at any given time.
Coexistence is the best course of action for bitcoin and traditional fiat services to go to since there's no point trying to one up another which doesn't benefit any side. It's a good thing that this is happening because it helps the adoption rate go much faster than ever before. Free market is exactly what you explained, trying to be better than each other. Visa will fight and innovate and be better than bitcoin then bitcoin will try to make something better than visa and this will keep going forever and make each other better. If visa just steals some stuff like blockchain technology then they are not really trying to get better, they are only making things easier for themselves while providing nothing for others. Not like this will change too much for the humanity, this will only allow them to profit more. You think visa managing to drop the speed or cost of international transactions %10 would mean %10 cheaper for us? That means more profit for Visa. |
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Honestly this 100k weekly thing is getting out hand, that's like probably the biggest there is. Stake either found some huge investor with hundreds of millions of dollars in their pockets, or this pandemic period really gave you guys a huge boost in profit. To check what they have done in 2021 as far as I know: they partnered with ufc, they got few fighters signed, they gave away a million dollars, they are giving away 100k per week, they agreed on a stream live deal with NBA and NHL and MLB, and these are all I can remember. When you put them top to bottom that's like 10+ million dollars easily, they didn't say actually how much it cost but I believe all the things they have done so far is definitely 10+ million dollars for sure. All these together means they must be doing awesome or they got a huge new investor because that's like the biggest investment a casino made in under 6 months I can remember in crypto world  . |
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You know a team is great when they are 7th seed and they are tied with second seed at 2-2 and you think thats a bad thing for 7th seed . I know the situation when you give the context of "lakers were last year's champions and added some good role players as well but AD and lebron missed a chunk of the season that is why they are 7th seed" that makes sense but it is still funny for a 7th seed to be blamed to be 2-2 with 2nd seed All jokes aside maybe this is not as easy as it looks, I still think Lakers will win the series as long as AD can play properly but I think it is not going to be easy and it is going to take much more from Lebron, like Cavs times level of carrying to reach finals if he wants to, otherwise they are not going to beat all those opponents with yesterday type of games. |
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I think Elon Musk can possible manipulate crypto market, because many richman like Elon can invest in crypto and hodl them and also can manipulate the price. Elon Musk have big influence in crypto world, because anything he announce something happen in the market.
Yeah, when tesla made their announcement, bitcoin was around 42k or so and suddenly went to over 48k in a day I would give him credits for 42k to over 50k and that's it, anything over 50k was still the people who wanted to buy bitcoin and insanely hyped about it so they bought and increased the price. That's what I think he deserves to get recognition. I however do not give him the blame during this fall neither, sure he had a big play on the initial drop, we weren't at 60k+ neither, we were a bit over 50k and dropped under 50k and that was probably what Elon started but that's about it, rest was other news and people who get panic and sold and also there were tone of liquidations that caused the huge drop as well so it wasn't just him. |
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What has caused the crypto market's mood to decline in recent days? I lost quite a lot in crypto trading this month. Let us discuss it with enough insight and hope that in June Susana will return to a stable green, Thank you friends.
I believe it is just the hype dying down a bit. I have seen every single person I know going into crypto or learning more about crypto and that is just too much, we can't have every single non-giant retail investor in crypto at all times, there will eventually be a time when they will get out. The grocery store clerk, the barber, the butcher, the pharmacy, the friends, the family, the news everyone was all up in bitcoin this past year and that is not sustainable, you can't have that many people in crypto forever, eventually some will get out because most are in it for the profit and not for the long term. That's what is happening right now if you ask me, there are some people who are getting out and not caring about what is going on. This is why I believe it is totally understandable to fall a bit, let's see where the bottom is and after that we will do fine. |
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That’s really nice, allowing users to withdraw their cryptocurrency from their PayPal wallet to a third-party wallet is a good move. That’s what a lot of people wanted, so that they can be able to move their cryptocurrency if they want, to another wallet and not having to convert to fiat before they can move their money out from Paypal. As for the fees, I don’t think there is going to be any much difference in what you’re going to be paying while using other wallets. This service is not yet available where I live, but I have this feeling that PayPal might also add their own fees to what the blockchain fees is which will make a bit high. |
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