It is illegal only in us because they can't earn money from these sites if they are paying tax then it's fine but till now most betting sites don't have a tie up. If you use vpn you are good to go or else if you don't reside in us then it isn't illegal because there isn't any particular law for bitcoin gambling
There are no rules in my country regarding playing with bitcoins. However, I suggest that everyone should pay taxes on the profit. Also, if the government in my country made its stance clear regarding this, I would be really happy and play without any tension. If there are no rules why pay taxes , giving tax on our winnings is free funds for the government which isn't necessary as long as there is no rule that you have to pay taxes on profit from bitcoin gambling don't pay and even if any such rule exist you can easily evade is as there is no chance the government would be able to trace you down and most bitcoin gambling sites don't bother about the user personal life unless you gamble on fortunejack Why on earth would I gladly go pay tax to a government that has been stealing from me if there is no rule of capital gain tax on my bitcoin conversion. I would not really be that stupid anyway. I can only comply to such rules if there is a huge law on it, and since it is not a good thing breaking law, I can either move to a tax free country or maybe just stick to this one and pay like that. Regarding legality though, you have said it all, and I wonder how government want to start cracking down on every citizen when everything now is online and you can stay anonymous.
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Hello friends How safe is bit coin gambling is it worth? If yes and than how to play and where to play? can now make a living on this gambling? waiting for your opinions guys. hope all good. To tell you the fact is that gambling is not safe at all. The probability of losing is gambling is same as compare to the wining. The Luck decide your fate and you do not need any skills etc. But on the other hand, in case you win, the profit ratio is also very high. I have seen people becoming millionaire in no time due to Win and i have seen millionaires becoming beggars due to loss in gambling I don't think op meant it that way. It probably is on the technical safety terms. One thing is for sure though. Btc gambling is a lot safer than the conventional fiat gambling. Anonymity is a big boost to its security compared to when you have to provide personal information Agree, OP mean the technical aspect of how safe and fair the gambling sites. About it, I'm sure online gambling sites is clearer about how provably fair the system is rather than any casino gambling. We can verify by ourself about how the system fairness works. We cannot verify anything and even if the provably fair claim is true, you cannot always be in the best position of winning compared to the house edge that has the highest advantage. Also, even though I have heard some tactical cheating in some casinos, but I am sure so many people may feel comfortable playing in casinos than online gambling. Nevertheless, safety only depends on each individual, but if I am to answer the OP's question based on all that he listed as being safe, and then I would rather tell him, it is unsafe.
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Yes, Hacking is very BIG PROBLEM, specially to the world of technology and digital world. The only way to secure our file/balance/transaction is our very unique and very long password. And, to prevent hacking, just don't open any link or site that you didn't know.
Hacking has always been a problem and we cannot do anything about it and now that we have gotten to a stage where everything is gradually going digital and most especially money with a lot of noobs with high level of ignorance on security measures, it even makes things quite easier for them. Over time though, noobs will just have to learn and other newer ones will also have to learn from them as time goes on. It may be a problem now, but only if we really make it one.
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If an entity is large and powerful enough, is it possible for it to gain a monopoly advantage and manipulate the rises and falls of the virtual currency market?
Monopoly? Not exactly, if you take monopoly as in a monopoly form of market where there is only one seller /a cartel or a company selling a same product /service at different prices to different people. But manipulation, definitely yes. Monopoly advantage like you said is possible and does happen in the markets every day by the bulls, what we call as whales in the cryptocurrency markets. I feel they both go hand in hand. You think we do not have a cartel already ? This is not one person, they are probably some group of big holders who are in the market making the decisions and basing it on the emotions running through the chart at most times. One thing I have noticed is there will always be a form of monopoly as some will always have the highest advantage and the weak hands have really given them that advantage already. If we are thinking of holding a huge portion of it, we are not talking about a single holding of probably 500 BTC here as a lot of them hold more than this. But in the long run of it, they are always the one making the real market while the rest of the traders are just following put, so at the end of it all, we just have to keep watch.
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The story was predicted by a lot of people so far. No matter how you have you`re currency stored, someone will always want to get it. Safe code or blockchain private key - it is all the same. Even if you take precautions, everything can happen. Thanks God, I have nothing to be stolen)))
Seriously? You are thanking God for having nothing to be stolen? That your mindset though really made me laugh. The most important thing is to find a way to stay secured, but I guess we cannot always be secured 100% of the time anyway, but with some level of wisdom, I feel that could be possible. If you are doing any dealings online, you still have to be very careful you are not attaching it to yourself, otherwise you may be a victim. I really do not see these robber being a problem for bitcoin in general. Your public address is not tied to your name, so how will that happen unless of course you publicly display your own address yourself and give them something to know your real identity. The last sentence you made is just the best here, and it is obviously better not to even brag about your wealth in general so you do not become a target.
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Everybody thinks we are going to see 11K soon. The real question is, what happens after that number? Will it drop like a stone right after 11K or will it continue to go up? What do you think? Any opinions?
This is nonsensical question, nobody can predict real scenario (If you are not a big whale ofc). It all depends on market`s mood. Definitely, and the only thing we can ever do is to expect an outcome based on some indicator and play along with it when it comes and that is what trader do with the help of the chart. I would not consider anything but the only thing I know is that if there is any uptrend now, it is just for those who would not like to miss out to quickly buy in more since we are out of the downtrend, and that is all that matters. Basically the market is doing well, we are bouncing back from different support level and breaking resistances with huge volume and I want to believe that is good enough. If by any means the market shows any bearish sign, we will know but as far as we know now, the bulls are at play and the bears are in their cage presently. Some are still out of their cage though, but not much, if you know what I mean.
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ICO has nothing to do with the price of bitcoin. Now in many countries there is an active attack on bitcoin users. For example, India's recent ban. This is the second largest country in the world. But at the same time, we see a stable trend towards an increase in bitcoin prices. It seems to me that the price factor of all cryptocurrencies is determined by the strategy of coordinated actions of whales.
You are right bro! Or I would rather say I share the same opinion with you. I feel the attention we are giving to some countries and thinking they have a huge impact on the price of the market is too much and we over hype it most of the time. I like the way you used those words, 'coordinated action of whales'. These are the guys that controls the market as far as I am concerned and they only make use of the news, FUD to create some panic in the market considering how a lot of weak hands are present and how the market responds to news easily. So, I do not believe that China or any other country have any major impact on the price of bitcoin and like I always say, they are just a tiny piece of the puzzle. All these huge holders have decided to come together to play with the market the way they want and I look forward to the time when there would be a high level of usage for bitcoin and then on every dump they do, there would be so many people willing to take it from them all over the world that they won't have much power in the market anymore, but I want to believe that is a dream that can never come true. You guys are right, all these fluctuations has nothing to do with the market, the whales are there with the upper hand and the traders and little investors are there to respond to the market.
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It is very good to be pay in ethereum and bitcoin when a company or developer hire people to promote his project but we have to understand that payment in they own tokens will help promote their own projects in the market. I think it will be selfish for one to said we should receive ethereum instead of they own coins or tokens.
Paying in Ethereum will really make a lot of sense and at the end of the day, any bounty hunter with interest in the project will go to the exchange and buy rather than paying in tokens. However, since it is a norm and the devs are trying to also play safe, it would start giving investors different impressions about ICOs. There are so many tokens I have waited for recently to hit exchanges and then decided to buy them when they eventually dip, because it is becoming a normal trend. I am sure a lot of campaigns are not thinking about paying in eth and if care is not taken, most of the things you have listed out is all that would end up happening. For instance, I invested in adbank recently, only to discover its rate few days later, lower than the amount I bought during the ICO, and luckily, I had some funds, which was what made me to buy more. Sure, the market will recover, but if I see a good project, what I keep telling myself is to just chill and wait for it to hit an exchange, see the market reaction and then buy. Bear market or not, it happens most of the time.
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why not both. Sometimes it is too difficult to understand the technology
Yeah, for someone like me, I invest in ICOs and I participate in some of the bounties too. The bounty [art is more like adding to what I have already invested. Why waste the opportunity. However, this could be different for everyone. For someone who would not like to take the risk of investing their funds or does not have much to invest, bounties obviously is the best option in that case. Each and everyone know what would work best for them. You cannot expect someone who is still trying to struggle to make a living to invest like $1000 in a single ICO, and you cannot also expect someone who has so much in his account and after understanding a project, he decided to invest in it to come joining bounty when apparently he would not even have time for that. If you do not have much fund, then bounty is an easy way to be a part of the project you love as you are working for it.
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To this day bitcoin remains at a stable price and has not yet shown any upside movement, I am waiting for bitcoin prices to rise again. Do you think the bitcoin price will reach $ 50,000?
Okay, don't sound desperate; don't sound as if all you want from bitcoin is to make money out of it and be gone. There is more to bitcoin that we all don't know about and its not just about the price. Only the future can tell. And, of course bitcoin has the potential of hitting $50,000 and even above but I doubt it if that price will happen this year. Keep holding your coin and be ready for that moment. Obviously to the lay man, it is all about the profit they want to get from it which is the reason why so many hands are weak in the market. There is more to bitcoin that most of us already know about right from when we got a hint about it, but out of ignorance, some people have just decided to stay in the dark or remain in the corner where they only want to believe the only things they just want to believe. Bitcoin has greater potential more than even $50000, but focusing on that too much does not make much sense.
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When 8 out of 10 trades make you a profit, this isn't gambling. That's having skills and the ability to make money on a constant basis. Everyone can learn that. All you need is time, discipline and the will to do it! Even with a small account and no insider informations you can make a decent profit with trading. Even if it's just small wins. Over the time, this consistency is what makes your account grow and making it bigger and bigger. Playing the lottery is gambling. Betting on horse races is gambling. Trading is no gambling if you acquired a decent skill set for various market situations. You don't even have to read books. It's all for free on the internet. You can do paper trading and practice by using tradingview for instance. But you need to have patience and practice regularly. The more passionate you are about it, the faster you will improve.
And most people will not know that since they have no strategy and all they do is gamble anyway. I would consider it a gamble for someone who really just sees it as gambling. Buy low, sell high, no strategy and they just feel they can always just keep doing that and depending on luck, wishing the market will work in their favor. Those who see it as a real business obviously know how to play smartly by learning, and then using the opportunities to make a lot of profit. And from the look of things, you can never have that in the real gambling world. In fact, trading should be considered far more than the normal sense people have when it comes to gambling. You have great opportunities to make it more in the profit side if you know what you are doing than gambling that you will only have to rely totally on pure luck. Yes, with the meaning of gambling which makes life itself a gamble generally, but you can always make it a calculated one and a smart one.
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no it can't. the same way going down to $9400 was not an indication of a big drop, rise to $10400 is not an indication of a rise. both of these are side way movement of the market which will probably be the case until the end of this month.
when it breaks $12k or $8k you can call it recovery or big drop respectively.
Yeah, it is just some normal correction that any market can have after being over bought in the short term. A lot of people always panic on little things and I wonder why anyway. The market in the long run will always be good and that is all that matters. Hence, trying to be weary of every situation that is happening presently will only end up setting in emotions which may end up to silly mistakes. Nothing is an indication of anything, but normally from the chart, bitcoin is looking strong and it seems the market is trying to get back up, but you cannot expect the usual testing of supports and resistance not to always come to play. It is the market, they are always bound to happen once in a while, but if that depicts whether the market is still going down or not ? Then the answer is no until we are sure we have left the downtrend totally.
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It is the nature of the crypto currency to be volatile and we generally should not consider too much stability in such coin unless their is a regulation happening. Their will be up and down keep happening and also a reason for you to make some money during this volatility.
Ups and downs is even something anyone cannot run away from when it comes to the market. For decentralized space, low fluctuations in prices should even be the last thing to think of. However, like you said, the volatility is what helps traders in making money and making the best use of the market to their advantage based on their skills and knowledge and for me, it is good and fine. I think Bitcoin market growing gradually. But anybody can not say 100% it will UP or Down.
100% is even a little too far. Most times, we always predict the market based on what we are seeing, bounce from a support, the break from a resistance and the attempt or price action on that spot. All these are some of the things that a trader make use of to trade and make decisions when trading. The risks are huge, but you have to always be ready for it any time as long as you are a trader, and that is where knowledge and skills come to play.
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I really do not see any point reading as most of the time, no matter the strategy of martingale you want to lose, if the house edge decides to pick on you or luck is just not on your side, all the strategies will fail and you will be wondering who you offended. What is important is to see gambling as fun as that is reality and anyone who cannot do that should not just try gambling. Having the mindset will be able to help you control the impulses and accept any outcome.
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In a gamble, there must be victory and defeat. If we're going to gamble, we should be ready for the consequences of gambling. Do not let it have a very bad backward effect. I have never seen a gambler get rich. Even if at that time he won in gambling, he usually uses for dissipation, drunk or other negative things. Rarely is the money used to save or do something positive.
And anyone who is obviously not ready for such consequence should most definitely walk out of the gambling world and we will gladly tell them Au Revoir! Same here, I have never seen any gambler get rich, and most people who even get lucky and rich in a little while and do not have the brain to do something tangible with it, always end up back gambling more of it and expecting the same result to happen until they lose everything again. I have only seen few people who were already rich from their business, gamble to while away time and catch some fun.
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Many but not all gamblers are claiming they gamble for fun and pass time. I was just thinking. If it is the reason why people gamble then why not play online games? There is a lot of good and challenging onlne games wherein you can interact with other people online?
The excitement of winning in gambling is different because it involves money and we all know that we all need money. People gamble because they want to double or triple their money even though they are aware of the risk they are taking. Simple and plain truth and which is what the OP is apparently driving at. Only the wise or smart ones really use the fun part to put themselves back in control, with the mindset of, well, let's have the fun and get out. If we win, well and fine, if we do not, well and fine. Most of the people who have been saying they are gambling for fun, how many of them have ever gambled without considering for once that they wish they could just win? The only good thing is if you put yourself in control of your impulse, then if you are going astray, you will be able to call yourself back to reality.
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Trading is difficult at the present market, so easy to lose. The best decision nowadays especially for newcomers is to not trade, wait and learn something new about blockchain technology. Often it is more profitable to do nothing.
I think trading is not a tough job and it can be very easy while you were trained and traders are very patient with the loss of value in bitcoin this the basic secret followed by the traders . Generally, I have noticed that humans are usually fund of trying to take the quick and easy way out and which is the reason why they get burnt easily. There is so much more to trading than what people think and a lot of newbies always think they can just register on an exchange and expect everything to just go on fine and good. At the end of the day, if they have decided not to learn and teach themselves the skills they need, experience will teach them life lessons in a bad way.
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The best ways I think crypto is the best ways to do the trading because now days many coin and many people can make money to do the bit coin.
Yes, I agree with your info, right now many people using bitcoin and maybe in the future crypto are trend people to buy and sell something. That totally cuts out from all that OP is trying to refer to. However, the markets may look a little bit different in a lot of ways since Forex is a controlled market and cryptocurrency market is decentralized, but at the same time, there are so many things one may need to always look forward to in any situation of the market to be able to make good decision, so it all balls down on each trader's knowledge. If you have some experience in forex, you can have good results in crypto, but it's more risky and even more unpredictable, with a very high volatility.
Obviously, they are both markets and even though they technically function in a different way, they still have a lot in common and as much as people have always complained about technical analysis on the charts, the truth is that, it helps still. I do not expect someone without trading knowledge running away from Forex, should not end up finding the same fate here.
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I just invest small amount of my money in bitcoin, I'm afraid to lose it all, better to invest small amount than big amount of money its so risky, some investors risking their life savings for investing cryptos but what if the coin their invested unexpectedly huge dump, just like happened in bitconnect so don't invest all your money.
Investing of small amount of money y will never help you in making of large amount of profit and that you actually need to take some risks in your life by investing more money into the world of bitcoin as this will help you in having greater reward at the end. Start with the small amount of investment and then keep on adding more money at time when you think investing will help you in making more money. lol. No one can be the reason for anyone's decision and if they anyone ends up killing themselves for one reason or the other based on the decision they made, which they could not live with, then that totally makes them a coward. That being said, it is not about the opinion people will end up giving, as that would result into different opinion. I am in huge with 40% of my entire liquid asset, but does that mean someone else can take the same risk? So every man is all to their own fate and I guess people should learn to always make such decisions by themselves.
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Hello,
how can we find recently listed tokens on exchanges? Coinmarketcap isn`t so fast in listing all exchanges which have recently added a token or coin.
You can ask them about the listed exchanges on their ANN thread but if yoi want the fastest reply then join in their telegram group and shoot your questions there.But most of the tokens are listed first on etherdelta exchange so you can check your token listed or not before searching for another exchanges. Yeah, they will always be in the best position to give all that information and since most of them have their telegram announcement page anyway, that makes it pretty easy and any community member can as well ask any questions. And like you said, it seems Idex and EtherDelta now are the ones that quickly gets token accepted except for some of these shitty exchanges like Yobit and Hitbtc as well. The best way to find where they can put their new token is to ask on their ANN thread or you can join their telegram group and ask a question about that token where they can put.
The ANN thread has always been the best option honestly. Even if the devs does not give you a quick answer, someone with some good knowledge will give you an answer. Also, I always prefer waiting for the coin to get listed on coinmarketcap as that shows there is at least a huge volume of trading for that coin. A coin with a very low trading volume on any exchange is not worth selling.
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