I don't think there will be a centralized exchange that can give you convenience. They will surely take a closer look. Such transaction does not happen all the time, and since you're just an individual user and not a known institution, you'll probably have to produce certain documents. That's not going to be convenient at all. These are regulated platforms that are compliant with the policies on AML, CFT, and others.

I don't know how the ultra-wealthy do it, but for an ordinary Bitcoin pleb who only happened to buy Bitcoin at a much earlier time, it's surely not easy at all. Having banks and other traditional financial institutions involved would certainly give more headache.

If I'm in this situation, I'd rather not cash out a huge amount at once. I don't care if it takes me decades to cash out everything, but I guess that's the smoothest way for me.

Good job! You've taken so much advantage of the odds, although you must also be aware that with total odds of 100.34 the probability of winning is very low. The great thing is that you're only risking a small amount for it. I guess it makes this kind of bet fun.

Moderation makes gambling fun. Had you wagered a big amount of money for such odds, you'd certainly feel a lot of tension knowing that you're betting on what's not expected to happen.

First off, it's not just the US dollar that has lost much of its value over the years and decades. All fiat currencies have experienced that without exception. As a matter of fact, here in my country the prices of certain goods and services have already doubled, or even more, just in the past decade or two. That must be a lot worse. And my country's fiat is not even the worst performer in the world.

Let's forget about the gold option today. There are so many reasons gold would fail. In the first place, are we to transact with real gold? No. So what are we going to use? Paper certificates backed by gold? Can we verify the gold reserves which back them? Do we have an assurance that the gold in reserve is in equal amount to that of the credits issued? Would the certificates not be repeatedly used as a collateral?

The features of Bitcoin make it a very good option as a global reserve.

No, he/she probably won't. I think what he/she'll do-- well, if, aside from congratulations and praises, this thread will once again earn some merits-- is that he/she'll open another highly similar topic about his/her dubious experience making profits in trading.

So, 4 days ago the topic was the successful trade of $100 to $110. A couple of days later, the topic became $110 to $180. I won't be surprised if a few days from now there'll be another story of successfully turning $180 to a bigger amount.

In any case, congratulations, OP!

Is this really necessary? Or is this kind of overdoing it? Is this is your own way of making sure everything is perfectly secure with your new hardware wallet or is this an advice you also get from somebody or somewhere else?

I had my first hardware wallet years ago and I cannot remember doing these many steps when I first used it. I could have done it wrong, but this tip sounds a little superfluous to me. You've got only steps 1 and 2 in the OP, but apparently it's more than just a couple of steps. Setup your wallet, send a little amount, wipe it clean, factory reset it, set it up once again, send the money back to where it came from, and so on and so forth.

We have gambling ads on TV. We see gambling ads while watching live streams. We also see gambling ads watching videos on YouTube. There are gambling ads scattered all over social media. There are even SMS and email messages promoting gambling sites. And then we're seeing gambling platforms printed on the uniforms of athletes. Even usernames of eSports players have gambling sites attached to them.

So, it's really very hard to insulate our kids from all kinds of gambling promotions. But I don't think we have to lie to them. We need to speak the truth and educate them about gambling, perhaps that it's not for them, or that it's not for people who don't have so much money lying idly around. And, of course, don't show them that you're gambling.

You have some odd feeling because something is terribly odd. Feng Xiaodong not only sounds substandard, he's also funny ensuring that 50% of the users' funds are safe but it's going to be in the form of "bond tokens" which they will create out of thin air and will buy back in an undetermined time in the indefinite future. LOL! He at least knows how to crack a good joke.

I don't know how secure the network really is, but it doesn't matter. All it takes is one foolish move and all security is pointless, something like your funds are in a cold storage and you kept the seed phrase in your Gmail drafts. LOL! They claim to be a "decentralized multisig" solution and they have a cloud service provider whose database stored the keys.

This Justin Sun isn't just a clown and a big joke unto himself and to the businesses he lays his hands on, he is a bane of the entire crypto industry. His level of trollery is equal to that of CSW.

It is once again shown in his announcement of the hack. Only a troll announces a hack that has successfully stolen millions while declaring that funds are safe. Only a clown proudly announces that they have "addressed and resolved all issues" while at the same time offering monetary and even employment reward to the hacker just so that the stolen funds are returned. Only a joke brags about detecting the hack immediately and taking "swift action to prevent any losses" while saying that the platform has suffered a loss of $8 million.

Such a clown!

This isn't the first time that I read that the increase of aggregate demand and/or the decrease of aggregate supply devalues money. Indeed, if the aggregate demand beats the aggregate supply, the price increases. The same is true when the aggregate supply falls, that's even if the aggregate demand is unchanged.

However, seldom is it mentioned that one of the biggest, if not the biggest, factors of fiat's devaluation is the irresponsible handling, or even outright abuse, of monetary supply. Central banks are printing so much money out of thin air. This money is backed by nothing so there's unlimited supply of it. Add to it that the banks and other financial institutions can also create unlimited amount of credit. All of these devalue money.

Why is this not properly emphasized in economics lectures, classes, and courses? Why are the abuses of governments and central banks barely mentioned when speaking of the weakening value of money when in fact they're the main culprit?

Can the government really do something about it, though? There are countries where Bitcoin is illegal. Have they effectively deprived their citizens of owning Bitcoin? No! A US congressman once acknowledged that Bitcoin is an "unstoppable force" and that "governments cannot stop this innovation, and those that have tried have already failed."^[1] This is the power of decentralization.

Anyway, the usefulness of Bitcoin transcends "very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money." As a matter of fact, the essence of this technology isn't about making money. Rather, it is about freedom in money. While many of us are indeed making money out of Bitcoin's price increases, this shouldn't make us forget that Satoshi didn't create it to be just an investment opportunity. It is a solution to a real-life problem.

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[1] https://cointelegraph.com/news/bitcoin-an-unstoppable-force-us-congressman-tells-crypto-hearing

In general, gambling is about luck. There are certain games, however, where skills are somehow needed. When we speak of most casino games like slot, dice, roulette, and the like, luck is the main thing that matters. In others, where certain skills would give you some advantage, still luck has an important role to play. Even if you're good at poker, for example, if you're always dealt with weak hands, skills can only do so much. The same goes with blackjack.

Sports betting is probably the kind of gambling in which luck is least needed. You have numbers and stats and other factors as bases for your bets. If you're fond of betting on underdogs, though, and hope for upsets, then perhaps you need a good amount of luck. 

Well, if you don't like gambling and don't have the patience to play gambling games, then I guess gambling isn't for you. You gamble only when you enjoy it. If you don't, there's no reason for you to do it.

It seems you enjoy trading. It's possible it's because you made some profit right at the start, but be careful. Gambling and trading have similarities. One of which is that in both, you are actually guessing more or less. While your guess in trading could be an informed one, since Bitcoin's price is highly unpredictable, your order remains to be just like a gambling bet.

So, for somebody who's just starting, keep those trades small. Don't be greedy. Taking a small profit is oftentimes better than risking for a bigger one.

There are obvious statements of hate, but how about speaking ill of institutions, systems, and practices that are obviously ill? Isn't that just speaking of the truth? Isn't that even called for?

It would be best if Bitcoin supporters only promote Bitcoin in such a way that they would just mention the features of Bitcoin and let the people freely decide whether to embrace it or not. However, Bitcoin is a solution to a problem. It's very hard to explain Bitcoin without mentioning the monetary and financial maladies that the current societies have.

Is it possible to explain antibiotics without mentioning bacterial infections? How can we explain Bitcoin without pointing out the evils and abuses of central banks, fiat currency, third party institutions, and others?

After all, Bitcoin isn't just another innovation born out of our creative imagination; it is a technology born out of urgent necessity.

Well, with centralized exchanges, be worried all the time. What you're worried about could happen anytime. Victims of huge exchanges that were also too big to fail hadn't see it coming.

How I wish people, particularly those who are just keeping their funds on exchanges without trading, would just pull out all of their funds from Binance and other centralized exchanges.


That isn't true, 6,000BTC is equivalent to $159 million and not $159K. And don't be fooled by its proof of reserve. It means a little, or perhaps nothing at all.

For the past 24 hours, according to Coingecko, there's a decrease of 35.52% in Binance's trading volume. This isn't particularly alarming for Binance, however, because Coinbase has a 58.34% decrease. Other exchanges also experienced a negative change in their 24-hour trading volume.

Supposing the kids were really making an order at McDonald's, that sure is a good thing. Whether the kids, being kids, don't understand the system behind Bitcoin and even fiat, that's not the point I guess. I guess what matters is that they had an actual encounter of buying a food they love using Bitcoin. That will certainly leave a mark in their minds that Bitcoin is a currency because once upon a time they bought burgers and fries with it.

Who is the poor?

Can we say that somebody who has some extra savings, albeit small, is poor? Or should we exclude them from such category because, in the first place, he/she has an amount to invest?

I'm certainly not rich, but sometimes I feel a tinge of embarrassment whenever I classify myself as poor because I know that there are people out there who cannot even eat 3 times a day, and yet I have so much more.

My point is that Bitcoin might not actually give the poor an opportunity, at least in this discussion's context.

The specifications suggest it isn't a powerful PC. I'm not sure if there is even an unknown altcoin you can mine with it. If you are familiar with play-to-earn crypto games, however, you might want to explore possibilities. Some friends are into it and I assume they're earning decent amounts, or at least not cents. I mean, they still devote much of their time into it so I suppose it's not a total waste of time. To be specific, there are level-up play-to-earn crypto games, so you can just leave your PC running and idle while your character is farming or whatever.

Two months is too long already for them to have you wait hanging. This is totally unfair! What are they into, a fishing expedition? To freeze withdrawals is to have found something suspicious. They should have at least told you what that is.

We can only speculate here. If they aren't asking for additional KYC information of proof of source of funds, then they aren't probing the user behind the account nor your financial capacity. If you don't have any open orders either, then it must be something else. Are you using a new withdrawal address? If you are, have you tried withdrawing funds to an address that you have been using for years? Or have you made a deposit from suspicious sites like an unlicensed gambling platform?

In any case, you should be submitting another ticket. You may also inquire about your pending concern in all their official channels.

There may be certain stuff that we would want to know first before we sign up like KYC, minimum or maximum withdrawal, blacklisted countries, sign up bonus and its wagering requirement, and so on. But it doesn't mean we read the full terms and conditions first before we agree on them. What I normally do is just CTRL+F and use keywords such as KYC or deposit or withdrawal. If everything looks good, I'd continue signing up.

Yeah, there's also this factor of not having went through problems with other casinos, so the assumption is that a new casino would also be as good.

Also, it matters that I'm just a low-roller. If my plan would be to deposit a huge amount or to climb through the VIP ranks to enjoy higher maximum bets, then I'd probably be more careful of what's written in the terms and conditions.

I don't know if Elon cares. Or should we care whether he cares or not? Or it's perhaps better if Elon leaves Bitcoin alone.

It seems that all these calls on Elon Musk to take a look at Bitcoin mining's energy usage once again and reconsider accepting Bitcoin payment once more for Tesla or even reinvestment on Bitcoin are merely subtle ways of begging, "come on Elon please, push the price up!" It might not be about adoption or whatever.

There were negative remarks made against Elon just as there were against Buffet and Bill Gates and others who prefer not to shill for Bitcoin. Sometimes, they seem nothing more than bitter attacks against rich personalities whose money won't bring Bitcoin's price higher.