Social media affects our lives in massive ways,in how we connect with our friends,the news we get,the interest we all share and possibly to actually kill time.so it's not surprising that the things people share on social media can affect the way things happen in the real world.
However,social media impacts has reached greater heights by the massive and increasing influence that it has on digital currencies like bitcoin.
The relationship between social media and bitcoin is expanding in exciting ways in terms of adoption,position,price/value and even the popularity.it is used to convey information about the crypto world,as well as to promote the content about cryptocurrency.What people are saying on social media can trigger or encourage someone to participate by wanting to trade,mine, or invest in bitcoin.
It started from the forums that discussed cryptocurrency’s humble beginnings. Now, it makes headlines on our favorite social media apps. With popular cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) reaching all-time highs on a regular basis, it isn’t at all hard to believe that these digital currencies are trending. Trends on social platforms can influence investor behavior, leading to price rises or perhaps drops. For example,an announcement from Elon Musk that Tesla had bought $1.5 billion of bitcoin and that they would be accepting bitcoin for purchases caused the price of the currency to hit an all-time high.
Social media has the potential to affect bitcoin positively, but it can also have negative consequences, causing both large rises and falls in price.Perhaps,it is the first place people go to when they want the latest news on bitcoin;you see them in places like Twitter,Reddit and Youtube.They want to know what people are talking about and what the next big thing is.
Basically, what I'm trying to say is that social media is powerful,and its high time we understand that no matter how good or bad a post is,it has the potential to affect the market. Possibly, I believe social Media will play a significant role in Bitcoin's promotion, indulgence, maturation and exposure because of it's educational power.
Bitcoin does not need social media but it does need the social interaction between humans, and social media is a very useful modern tool for that. So yes, the so called intrinstic properties of Bitcoin, especially its value, do get inflated thanks to social media bringing more attention to it. I think that a combination of social media and finance is a double edged sword though. There is too much misinformation, too many scams and too much manipulation of community thought. This is, I believe one of the many reasons why 2017 was the year when ICO scams started booming. Anyone can buy 100k followers and make it look like their company is making huge profits, just to lie to potential investors. |
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I have not yet had the opportunity nor the desire to go on a cruise but I am sure there is some high level gambling going on, on that cruise. If they do no have a casino, a pool, and more luxuries then whats the point? If it does not have those things its not a cruise its basically a fishing ship with nothing to do for their guests. I hear there are even cruises that can take you out on international waters where everything is legal and you can do anything you want. Although going out so far can be a recipe for disaster. I would probably pass on such a journey.  The casinos on cruise ships should be top quality though. Otherwise they are wasting your money. |
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If someone claimed they have the right strategy for gambling and winning more times than losing, why can't they use the strategy for themselves and change their lives first?
Why did they go around looking for people to teach? This is why experience after following a friend to a gambling group on telegram, but I am not ready to take the step in any other their predictions..
My question for you my friends is are there sport betting groups that gives betting calls that are legit? Because I believe that if anyone knows a way to change their life around, they won't tell anyone, they will enjoy the moments and pray it last forever.
You will find the same thing in the trading world. There will always be influencers, pretending to be rich and successful while charging their idiot fans with education fees or some subscription fee. And the signals never work out. Its all just a scam. Same goes for the world of gambling. If someone had the right strategy to gamble and win consistently, there is no way in hell that that person would willingly share that information with anyone else. Otherwise, casinos might make some changes which render the strategy that you came up with, completely useless. Trust me, stay away from anyone who wants to predict something or teach you how to predict something. There is always a hook! And it always involves you giving your money away. |
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KuCoin is going full KYC starting july 15.
Over time, all centralized exchanges will do this. The future is with DEX. KYC is incompatible with bitcoin in its concept. Privacy and anonymity, I do not intend to go through the KYC procedure on any exchanges. Does a DEX offered Fiat deposit? Is there any? Do not know any. So what kind of future is that if average Joe cannot change fiat in BTC anonymous? It is becoming more and more difficult. But it is not only KYC at KuCoin. They are also looking at the origin of your Bitcoins: Pursuant to the requirements of the laws and regulations of applicable jurisdictions, KuCoin also collects additional information related to the customer’s business and risk profile. Risk profile data includes nature and volume of trading activity, origin of virtual funds deposited, Lyu added. https://cointelegraph.com/news/kucoin-crypto-exchange-to-introduce-mandatory-kyc-in-julyDEX do not offer fiat deposits. If you want to trade on DEX, buy your coin at a decentralized P2P platform and then swap it to whichever token you feel comfortable with. Although keep in mind that USDT is not the same as USD just as wrapped Bitcoin is not actual Bitcoin (sames goes for any other pegged token). Sure, the prices are pegged but the blockchain is a different one and the pegged asset could be questionable in its security. I suspect the best thing for a Bitcoiner to do is buy and hodl actual, real BTC through a non-KYC, non-custodial and non-centralized method. So if you do that you will see no issue with centralized craptoexchanges being transformed into government-regulated platforms. |
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that'd interest me as well.. KuCoin and Poloniex seem to be somewhat trustworthier but they can demand KYC at any time. Poloniex has low volume though. Thanks. Do you know if they accept/do (fiat) bank transfer without kyc? There is a limit of 1400 usd per day I think. And soon Kucoin is going full KYC, I just read. https://bitcointalk.org/index.php?topic=5414539.0 |
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that'd interest me as well.. KuCoin and Poloniex seem to be somewhat trustworthier but they can demand KYC at any time. Poloniex has low volume though. |
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There are two reasons. First, Bitcoin is a non-credit currency ten times stronger than gold. So unless Bitcoin is replaced. Otherwise he must surpass gold. Second, Bitcoin is close to being the ideal non-credit currency, and it is basically impossible to have another non-credit currency beyond Bitcoin. Combine these two points and Bitcoin is bound to surpass gold
As I see it, there is no point in comparing Bitcoin with Gold. Both are completely different things. Sure they have been both used as currency but that is really the only relevant thing they have in common. Bitcoin surpassing [insert valuable thing here] is only psychologically pleasing to those for whom gold was not already worth less than whatever. But for the people who already thought that Bitcoin is worth more than gold, it will not make a difference. Bitcoin is unmatched and unique. Something which did not exist in the past. A new generation of money. And if you compare it to gold, it makes it seem worth less, in my opinion. |
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Can you make bets on horses that are AI vs making bets on real horses? I see a new gambling project that focuses on horse racing only and I am surprised that those horses are not real live horses, I went deep doing research and it kinda looks like players will be the ones fine-tuning their horses 🐎 for better performance and go ahead to head with other players.
Do you think that gambling have a place with the metaverse in the future? I had a dream about being able to gamble online with people that aren't living close to me, we meet in the metaverse and it looks real, I know that sometimes when you think positively about something it is possible to dream about it.
AI is just fancy complex algorithms. But they are still only algorithms. Meaning they could be exploited or hacked in such a way, that one could influence the outcome. Furthermore, AI does "think" for itself. So it's the one making the decision. So the question is how easy is it to manipulate such a bet outcome if you know how the AI "thinks"? Real horses are unpredictable, and unless someone drugs them without anybody finding out then sure, one could also influence those horses to become slower. But I would think that that is not as easy to do outside of corrupt racing horse establishments. |
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I do not see anything wrong against betting against your club. Why would there be? If a fan is so devoted to the point where he thinks that idolizing a certain team makes him become part of a superior group of people. Basically nationalism but with loyalty to a team instead of a nation. Those kind of fanatics go too far and can cause real harm. No matter how much you love your team, unconditional devotion is plain stupidity. If there is a 100% certainty that your team is not going to do so well in the game, then you should bet on the team which you think will win.
Bet smart, not devoted.
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Cast your bet in a match that have yet not started or bet when the game is already live?
It must have been asked before but in case new sports bettors have not yet read such thread, reply back your opinion about it.
Found myself losing when the money line changes from 1.75 to 4.35 as the game began. But sometimes when I also wait for the game to start, it changes to worse such from 1.75 to 1.10
I always have this irrational feeling that if I bet on a game which is not live, it will be manipulated. But as I said, match fixing and stuff like that does not really exist at the high professional game level. There are too many eyes watching for that to happen without notice. But personally, I do bet on either case if its live or has not started yet. Other than the irrational feeling that I sometimes get, I feel no difference between the two. I mean the game could start out wonderfully but end horribly and vice versa. So I do not see any point in choosing either one or the other. The probability of losing the bet is still high and judging the outcome based on a new event probably will not effect the outcome. |
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Can someone explain to me why the ETF fanbois think that fourth time's the charm for a Bitcoin ETF? What exactly will the difference be this time?
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I live in a federal school environment, and as a result, we have free-constant electrical supply, which I was expecting to put to good use by mining bitcoin with.
Here's the question(s): Is there a website where I can buy used mining equipment at a low cost? And, if I intend to purchase all of the essential equipment using this technique, what is the estimated cost?
It would also be helpful if you could provide me with a list of the items I will require for mining. Thank you.
I am not sure whether or not what you are planning will be tolerated or is even legal. Did you consult the federal school on this? Or perhaps the people who are the higher ups? I cannot imagine that they are ok with you using the electricity for cryptocurrency mining purposes. I am sure that somebody will notice hundreds or even thousands of dollars worth of electricity being used up for no apparent reason. You should probably do a bit more research on this and perhaps ask around, and even get written permission before you continue. Otherwise you might find yourself in hot water, in a legal sense, quite quickly. |
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Hello I am looking to invest my 20,000 dollars for retirement but I don't know the best crypto for me to put into to save myself from inflation. I'm 64 years old and don't have the time to learn the ins and outs of this crypto stuff so if anyone can give me advice I would appreciate it.
You can contact me through the forum or via email I appreciate the help
Be careful! By telling people that you have money and that you are willing to invest but need help, you are making yourself a clear target for scammers and other criminals! I would recommend that you do not trust anyone sending you private messages on how to buy crypto and which crypto is best. We can help you out with your inquiries but it would be safer for you if the discussion was only here, on this thread, not in your private messages. So if anyone gives you bad advice, us crypto veterans can warn you not to listen to them. As to your question: The objectively best cryptocurrency is and remains Bitcoin. But you can take a look at all the crypto listings on coinmarketcap.com. There are a lot of useful infos there and is the go-to website for every coiner. As to how to buy crypto, I recommend you only use trusted exchanges like Binance, Kucoin, Coinbase, Kraken...etc. You can see more on coinmarketcap.com. |
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It's Bitcoin trust worthy for investment? Cus have tried many platform but all failed and this my last hope... I was introduced into it.
Bitcoin does not need trust. Its open source and so is the blockchain. You can verify everything for yourself, if you can understand it. If you cannot understand it then it might seem like an issue of trust to you. As far as how secure Bitcoin is: Bitcoin is only as secure as the person holding the wallet. If you lose the key to your wallet or it gets somehow stolen or scammed from you, then that is 100% on you and chances are, you might not catch the criminal who did it. Although you might get your money back if centralized, non-self-custodial crypto exchanges catch him and freeze his stolen funds, because of your tip-off. But thats hoping for a dumb criminal, if you ask me. Every investment has a scary first step but once you have made it, you need to hold on to your coin. Because the price fluctuations can scare you into selling for a loss. I do not recommend watching the price everyday. |
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I agree that casinos and advertisers are having an AI revolution and we will see that in the gambling world as well but I do not think that AI is or ever will be useful in predicting future events. Sure, they can spit out better probability numbers than any human mathematician. But the probability itself will not be influenced or changed, so gamblers will be disappointed because they think they can outsmart the system somehow and make more money from games which are based on pure luck. But if an AI could do that so easily or at all, would we not already be seeing people using AI in gambling? I myself have not heard of an AI used for better gambling results.
Same goes for trading. There are trading bots but I doubt the existence of a bot which can predict the future price of the traded asset.
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Losing certainly feels bad. I know the feeling of losing a lot of money due to my stupidity but that has not stopped me from losing even more money in the all-too-near futures after that. Just put it out of your head and not dwell on it too much. Otherwise you start thinking you can win your loss back but end up losing more money...
You're right, I think we've all experienced at some point that things like this, losing because of a bad move feels ugly, sometimes with sadness, anger, of course that turns into remorse with the desire to have a feeling of revenge, and that Sometimes you have to control it, sometimes we must humbly accept that we lose when we gamble, it is the best, since seeking revenge or chasing losses is the worst, because that turns into continuing to lose money, and that is not correct, because gambling In a casino it should be synonymous with fun, but not with pressure, stress or something that turns into a nightmare. Exactly, if gambling is seen as a recreational activity instead of a get-rich-quick career, then people will have a easier time to stop themselves before they make an expensive mistake, all because their emotions got the best of them. Thats really what takes the fun out of gambling- losing all your money because you could not control yourself during a moment of extreme emotional state. But we are all only human so it is better to prepare ourselves before going into the casino in the first place. I set up firm rules and follow them. The rules regard the amount you are comfortable losing per day and the amount of time you spend gambling. There should definitely be rules and limits, otherwise we lose control quite easily. |
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You're hungry and there's no one sell any foods, someone offer you either a lunch meal or a Bitcoin, which one you choose? that's what happen.
When the world suffer of economic depression, Bitcoin will become worthless because people will try to save any daily needs as much as they can. Being rich aren't their dream anymore, they dream are only to survive.
However I'm not really sure what's the affect you refer, if you mean economic depression will make Bitcoin become centralized, it's completely wrong.
Well you are taking scenarios to the extreme. We usually do not assume that we would be in an apocalyptic mad max future. Most people do not build nuclear bunkers and most people do not believe that we should be taking survival paranoia to such extremes. Of course, the economic depression is going to affect Bitcoin, but we are only talking about supply and demand. Of course prices will fluctuate and Bitcoin itself has a supply and demand. The supply being finite does not automatically mean that there will always be a demand. But in the foreseeable future, Bitcoin is going to take over as the global money and replace the old generation of money, so it is the demand of fiat, which you should be worried about. I am not going to keep more fiat than I have to. Bitcoin Funds > Fiat Funds |
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There are many gamblers that can gamble just to have some fun and make money in the process and there are some that focus on gambling only to make money so I would like to ask such people a question.
would you prefer to gamble in a casino and make some money or learn about futures trading and make some money?
Which one do you actually find to be more easier and I believe that futures trading is also capable of giving someone life-changing money but which one do you believe is less risky than the other?
Futures trading is gambling for traders. For regular gamblers, its not really fun. But with futures trading it feels like you are in control because you somehow think you can predict price movements or market sentiment. Just like with day trading. But the danger in the first kind of trading is that you can get liquidated, aka lose all your coins. With regular daytrading you might have less than you started with but you will not lose all your money just because of a single bad market movement. Either way you are 99% not going to be making money with futures trading nor with daytrading, in the long run. Prices have too much volatility to be considered profitable trading. You get liquidated eventually. |
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I've studied most Bitcoin investors, those who have money to invest are the ones going around looking for someone to teach them how to invest, the first thing they want to learn is how to use the exchange to make purchases using Fiat on the exchange, they are always in hurry, they have no time.
Those who don't have money, have all the time to keep learning and reading stuff online about Bitcoin and the crypto space, they have no reason to be in any hurry and it seems they are the ones that avoid the unnecessary dramas in the crypto space because they took their time to learn first.
Do not walk away from Bitcoin investment because you don't have the money, it's even better not to have money because you will have the patience to learn more about everything, and when the money comes, you will be able to avoid many dramas.
The amount of time one does research can be quite lengthy. If one buys Bitcoin before understanding much of how it works and how to buy and sell it, then at some one will pay an expensive real-time lesson. The guy who cannot buy any Bitcoin and spends his time researching it before he buys any, may have the advantage of learning more about it without losing money to newbie mistakes. But the argument can also be made that during his time researching, the price of Bitcoin may have risen significantly and during such an event, the earlier investor is the clear winner. So both sides can have their pros and cons. Personally, I just dove right in. If you have a healthy brain, its easy. If you have an irrational or rash personality, then studying Bitcoin before investing into it is the preferred course of action for you. It really depends on whether you are confident in your abilities or not.  |
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........
Let's enjoy the "spoils" of a much appreciated strong bull run.
Agreed!.. Lets enjoy the spoils! While this run off the bottom has indeed been impressive, I'm not yet counting my eggs. It feels like the newcomers in the market don't really understand the problems that Bitcoin faces and are instead looking to pump themselves to riches and bonuses. This will ultimately lead to the failure of Bitcoin their own financial failure. However, that is a long ways from where we are currently, so for now all you can really do is enjoy the ride and wait until a proper exit point when BTC has reached new all time highs. That's when I'll enjoy the spoils. Right now we are still less than half of the way to the recent high, so I'm not excited yet. I'll start becoming excited when we pass $50K and the FOMO begins anew. FTFY. |
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