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341  Economy / Economics / Re: 2020-2021 best year if You Want to become rich no skills needed on: August 08, 2020, 11:55:31 AM
First step itself is wrong of thinking loan as an idea to invest in crypto. The fall begins form this idea for me as only what you can lose maximum invest accordingly. This is very volatile, and you never know that when the fall could happen and your investment turn into losses and when it will recover later. So invest wisely and in parts so that you can even benefit when the market corrects and buy later
342  Local / India / Re: Sportsbet.io proudly welcomes Brett Lee as its global Cricket ambassador! on: August 08, 2020, 06:49:42 AM
Was going through the sportsbets.io website and found this useful link about the partnership. It also has 15 sec Youtube promotion done by Brett Lee.

And we also do have a chance to meet one of the best fast bowlers we had Mr Brett Lee along with Weekly promotions, cashbacks and signed merchandise to give away.


https://sportsbet.io/promotions/brett-lee-partnership
343  Economy / Gambling discussion / Re: Vietnam bursts an illegal casino who used to handle bets worth $3 billions on: August 08, 2020, 06:31:52 AM
Indeed. Corruption happens in many countries, and it's not just happening in the government, but it's also happening in any aspect of jobs. So it is not surprising if we see some corrupt officials from the government have back up for the gambling places, so the law can not touch those places. But I am sure that in the end, they can not always break the law, and there will be some honest officials who would chase them, and arrest them because of their fault.

The reason why illegal gambling flourish is they don't pay the taxes. When casinos don't pay taxes and don't have to follow the guidelines, it would generate more profit and mostly provide better returns to gamblers. Many of the countries have strict gambling regulations and they take a good chunk of profit as taxes.

Yes, that is the reason. Their profit becomes bigger from month by month while they don't need to pay the taxes. That will be their benefit to collecting more profits from the gamblers because they don't have to add more expenses to their report. Maybe that is why the reason for the illegal gambling place is hiding from the government, and they can still run their business without worry from the government.

From the amount saved in in taxes some amount will be going in bribes etc. So, rest I think they save a lot of money and thus it is benefitted to operate illegally. But the risk if it gets bursts then it is gone and exactly that is what has happened here as well. Now it’s over for them and face the law and go in prison.
344  Bitcoin / Bitcoin Discussion / Re: Profitable days of holding bitcoin percentage (98.5%) on: August 07, 2020, 05:27:39 PM
Has anyone seen this chart?

https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/

I've googled and haven't seen any posts opened on the subject.

It shows the best strategy is to HODL, because if you bought bitcoin at some point in the past and still hold it today, you have made a profit unless you bought it in a short period of time (around December 2017-January 2018). If you bought it at any other time (98.5% of the time), you have profited.

The graph only makes the comparison with today, so I understand that 98.5% is not met for any time since the creation of bitcoin, the worst times being November 2011 and January-September 2015.

However, it is clear that, in spite of the short-term volatility, if you just buy and hold bitcoin, you have a very high likelihood of profiting. (This is assuming that the future bitcoin performance will be similar to the past).


Holding bitcoin is that is why recommended because if you had bought on dips or not during that mentioned period eventually you will end up making money in it. The time is something which is questionable as sometimes it can take years or sometimes it can be real quick gains but overall in long term you will get benefit of it and will get a good return on your investments.
345  Alternate cryptocurrencies / Altcoin Discussion / Re: Goldman Sachs are eyeing to create their own digital asset! on: August 07, 2020, 11:43:16 AM
This only means that we have 1 of the coins which can be trusted as they GS are legitimate and existing for decades and will have coin so one can invest in such coins if things look good to people. Atleast we would be away from the scam when invest early in any projects and will add 1 good coin to our list.
346  Other / Beginners & Help / Re: Congratulations to me on: August 07, 2020, 05:59:05 AM
It is always good to share the knowledge and learn from this forum which is like ocean of knowledge. It is always good to share ideas, things we know about it though it could be small, but for few or rest of them they would be unaware or would have never thought about it. The best reward I think is that if some gets information and he upgrade himself with that knowledge nothing more like it, because somewhere in their life a very small role though you have played for better.

Congrats for your achievement and keep climbing.

347  Economy / Gambling discussion / Re: Las Vegas Casinos Scared of Lawsuits on: August 06, 2020, 12:14:38 PM
This is going to be very big challenge as entire world such situation is arises and how to handle it is still uncertain. As the cases are still spreading and rising so many people are avoiding moving out. So, this is leading to less demand, people are not able to pay the salary to staff, people are losing jobs. Government need to intervene and provide as much support as possible to all such business.
348  Economy / Economics / Re: Government+cryptocurrencies on: August 06, 2020, 12:08:04 PM
Regarding cryptocurrency that can save a country's economy, in my opinion, it might come true. Imagine the country
legalize crypto for investment or even as payment tools. Surely many residents can improve their economy when prices
cryptocurrency goes up. In contrast to countries where the government banned crypto and only allowed its residents
investing and making transactions in fiat currency only. There is an economy whose population is decreasing due to inflation.

Government should legalize and try to make every effort so that they can ensure that people are benefited with it. It has many advantages as well and many people form it can start their different business or use as a payment option for their business. Transaction are so fast and cheap which can save lot of time and money as well as compared to regular way in which money is transferred form bank from one country to another. Pole can just invest like share market and can make profits as well from it.
349  Alternate cryptocurrencies / Altcoin Discussion / Re: do we really need stable coin? on: August 06, 2020, 05:16:05 AM
Stable coins are useful when we are experiencing a bear market because we can use it as a safe asset that it will help us to avoid and stop from getting our losses and protect our investments. Stable coins are also like fiat currency that is good for making transaction in online because it is fast and cheaper.

With the current market situation, it is good to have the top coins as those are the ones which are moving up quickly and bitcoin and ETH are the ones which should exist along with some other coins. Stable coins are fine, but the proper allocation balance should exist and again it depends upon user profile risk.
350  Economy / Economics / Re: Business / private sector is dead on: August 05, 2020, 06:20:25 PM
I believe that the government is making a very big mistake, not allowing small businesses to work in the face of the decline. I believe that different ways can be found to limit the spread of the virus, while enabling businessmen to open cafes, restaurants, museums and other sectors of the public service. In this case, it is imperative to follow the rules of personal hygiene, quantity and distance between people. in this situation, a lot must be taken into account, because every businessman rents equipment or real estate, and in this situation there is no profit and no one pays the bills. therefore, if the situation is not corrected, then any business will die, and every businessman falls into a hole in debt.


It’s a very different situation now, though it will depend upon each country how needs to be open or shut etc depending upon the situation city/county the call would be taken. People have started to save, avoiding any extra stuff or wants which can be postponed have started to come into picture. This gives a really worries as demand will fall drastically for many things other than needy stuff.
351  Alternate cryptocurrencies / Speculation (Altcoins) / Re: eth going strong on: August 05, 2020, 06:12:59 PM
Yeah after a long time ETH return to its value. I believe ethereum will be stronger and stronger every month and the coin will soon reach 600 USD

ETH is now very close to 400$ and as bitcoin price is moving up, we are seeing quite a good rally happening in ETH as well and rise well in last two weeks. If bitcoin continues to rally, we can see this even touching 500$ in coming time and those who had being holding it are the happy times now to see portfolio value rising it.
352  Bitcoin / Bitcoin Discussion / Re: Why Security in Crypto Matters? on: August 04, 2020, 06:44:22 PM
This shouldn't even be up for debate, security should be first thing in mind when it is a matter of funds. The best way to secure your funds is by putting them under your own control. This is why I tell people to avoid storing tokens on exchanges. Always use a non-custodial wallet to store your coins.

For trader or for those who require it for some purpose or gambling those can have it online rest of them like long term you want to hold it etc should not be kept in any of the wallets or exchanges. In past we have seen how security breaches have occurred and better to remain safe by sorting it offline and also not sharing any details.
353  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: a decent and good list of bounties to participate {review} on: August 04, 2020, 12:49:45 PM
Oikos round 2 , DIA and terecredit three good bounty still processing. Although btc and eth good timing so i hope this year we'll received more good bounty. For oikos round 2 total bounty pool in 500000 oks, i think this amount for happy every hunter.

DIA looks good and seeing on this forum that lot of people are supporting that campaign as well. Hopefully the returns end up being good for all the bounder hunters and this coin flourishes in coming months. The price on CMC looks to be around $0.835708 for this coin and could see 1$ soon as bitcoin continues to rise which will help this project as well.

354  Economy / Speculation / Re: Bitcoin Stable At $11K – Altcoins In Green: The Calm Before The Strorm? on: August 04, 2020, 09:56:45 AM
I am very happy though that the shorts got squeezed out real good with this quick 2k rise. With them shorts out of the way, the rise will be much quicker to follow.
It's quick to drop yet it's also quick to recover. Just a typical day for bitcoin, we got to squeeze the weak hands out and then the holders shall remain. Lucky as I have been holding and managed to hold my emotion by simply being calm. It's a mistake before that I don't want to repeat so to those that haven't got their stash filled as it drops, just don't be a panic seller. Looks like we have a stronger support this time.

Good time for investors to accumulate some more at this level as from 12k it had come down till 11k approx. So those who had missed that run wants to buy now before they miss out another run. Looking good for the some rise to happen form this levels it seems as it is quite stable above 11k levels before it takes a run again.
355  Economy / Gambling discussion / Re: Slots in Online Casinos on: August 04, 2020, 09:28:54 AM
Well, it is obvious.  In a Casino owner's POV, they already are paying for the hosting and domain of the site, why not take full advantage of it by deploying hundreds of slots.  I am sure they also got discounts on getting those huge numbers of slots games.  That is like offering too much but paying less.  Though they can categorize these slots in terms of creators so that it would be easy for players to track which is which.

And also to catch the attention of players. As every player has their own taste, with so much selection, they have the chance of capturing a lot of players. These players will somehow be bored if only few selection is available in the casino. So that's the trick also by these casinos, offer as many as possible so players will lose track of their time. The longer they play, the better for the casino.

At times too much options also helps because out of those say you played 10 and one of them might become your favourite and you would want to play more of it. This will make the sites richer as more you play higher the chances of you losing it than vice versa. Every user who comes to site might want to play some or other looking the individual choice.
356  Bitcoin / Bitcoin Discussion / Re: Scammers are back with another trick. Be alert!!! on: August 03, 2020, 01:32:55 PM
Scammers are smart they always change thier strategy if they found out that the scam is not convincing, they also make a tricks and they really make a great deal for thier victim so that they can convince and earn through scam. The only way to avoid scam is always do research and be more practical to avoid lossing of funds.

Some of the basic things needs to be correct and should always be very careful with whom you are sharing data. So, something like joining nay unknown groups, clicking on unknown sites etc could lead to danger of getting scammed. Thus, avoiding such small things will help all of us only to avoid such types of scam.
357  Economy / Economics / Re: Can we rely on Bitcoin and other cryptocurrency? on: August 02, 2020, 01:20:07 PM
Even though bitcoin or other cryptocurrency is a big benefit, we still really need fiat currency, both things are important and both things have their own purposes. For me fiat currency is good for daily lives, the example you want to buy a snack at sari store then you cant use your cryptocurrency because they don't accept it, then that is why fiat currency is important because that is the only currency that you can use to purchase things you want.


Bitcoin and crypto currency are a very good thing that has happened in this digital world. Though fiat will continue to exist, but the use will continue to fall of cash in coming years. Globally we will see crypto will have benefits as easy to transfer and no need to carry to wait for days for the transfer to happen unlike fiat from one country to another.
358  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Investing in Etherium will now be the right decision? on: August 02, 2020, 10:16:31 AM
If the ethereum price still below $500, maybe that can be the right decision. But if you want to invest in this peak, I don't think that will be a good decision because the price already increases. Maybe you need to wait for a while until the price can down for a while. You can hope that the correction for the price will happen in the next week, so you can have your chance to buy ethereum at a low price. But if it does not happen, you might want to buy ethereum at a price so that you can wait for another high price.

ETH has been on a good run in past 1 months and now also with bitcoin price rising this will continue to rise and already have reached 375$. We may see this crossing 400$ as well. Yes, better to invest in certain intervals so that if any dips occurs it will be a good time to buy rather than just investing all the amount at a time.
359  Local / India / Re: Bitcoin trading growing in India on: August 02, 2020, 08:17:12 AM
Now BTC price is growing up faster and many Indian cryptocurrency traders where involving to trade in Bitcoin because of its price and also the there is no difficulty to buy or sell Bitcoin direct for your bank account. Hope in 2020 BTC will cross its last highest record.


We are seeing the good growth in the crypto and the thus with the increase in demand the price continues to move up as well. It was finding it difficult to cross 10k at some point of time and now with the growth it reached 12k levels and then it crashed but still we are above 11300$ now as well.
360  Economy / Gambling / Re: ADVANTAGES OF CRYPTO BUSINESS on: August 02, 2020, 08:02:55 AM
If you talk about starting a crypto business like casinos is not that easy and also you have to gain people's trust and make your casino known. I have seen many casinos being launch and some of it didn't last long due to some issues and some are still running smoothly until now and they even have signature campaign for further advertising.


Running online casinos is not an easy initially. Unless someone has good wealth then it is fine else if big whales win during initial days itself it then be ready to shell out the money. Also, with today’s space with so many such sites up so competition is too much and trust is what matters along with the new offers to keep rolling out to attract new customers.

Competitions will be the big test for newcomers into this business, it's hard to make your way as there are already
a well established sites that providing best offers to their participants, trying  allure gamblers and attracts their
attentions needs to have good skills being creative and have decent amount of money to back up every promotions
that you'll going to provide.

This is what we have seen on this forum that new sites has to do lot of promotions and do the marketing in order to make some cut through form the competition and attract new customers. On other hand people also try exploring some of the options because of the giveaways etc but only thing is that one should not be depositing to much as you do not want to end up losing on new gambling site which may turn out to be a scam later on in this online crypto business.

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