Speaking of AI. I have decided to study it. I have been looking forward to getting into machine learning anyway. What better place to learn than university? I think I have the strength to study at uni once again. And even if not, I have nothing to lose  |
|
|
|
I know there's a lot of day traders in stocks, and I've heard some do it in crypto ( although most do it at a loss ) so I'm wondering if realistically you can do a profitable trade in crypto.
Let's take a real example.
In this mini rally we're having, I've noticed Illuvium is one of the few tokens that is in the red( less than 1% on the daily when this was posted )
1 ILV is $119 on my CEX... but the sell price is $116 and the buy price is $123
Doing a simple trade using USDC to buy one ILV token would cost me $10.40 in ETH Fees on EXODUS. If I was doing it from my CEX, it would probably be cheaper, but I'd end up paying just as much ( sometimes way more ) if I want to take my new ILV token and deposit it in a hardware wallet. So either way, even if I buy ILV and it makes me a 15% gain in less than 24 hours, I barely break even !
So how do I make a profit ? Do I need to buy 30 ILV to maximize my gains ? Or is there any other way ?
Daytrading could be profitable in crypto but it really depends on the kind of daytrading we are talking about. If you mean trading with derivatives, then you're almost definitely going to lose all your money. Without a doubt. And if you trade altcoin derivatives then the process is only going to be much faster because altcoins are usually low market cap and have high speculative volatility. But if we are talking about spot daytrading, the best advice I can give you is not to trade below daily. You will grind through your coin with the trading fees. |
|
|
|
~autistic screeching
I confused the word multikey with multisignature and used the wrong word synonymously. Don't be an ass. I was pointing out that even if you were to use multisig, no matter how complex, you would have the same problem at the endpoints as with multikey encryption of the actual seed phrase words. Even with M/N, in the end you are relying on "trusted agents". It does not matter how realistically large the size of the set N or the subset M is when every single "trusted agent" can be the weak point in security. In both cases you are still relying on trust and private key storage. But yes, multisig is more secure but nonetheless has the same security flaw. And don't say you can use multiple authenticators. Thats the worst security ever. What if something happens to you? Does your corporation die when you die because you centralized the multisig access to yourself? Also, if you don't want to listen to anyone but yourself maybe you should stop posting on Bitcointalk? Just text yourself messages and reply to them every now and then. You are the only person who can deal with your pompousness. This place is for swapping ideas, not suffering your superiority complex and autistic finger-pointing at every single mistake someone else makes. It was a mistake unignoring you.  |
|
|
|
Obviously they keep very secure wallets. They could even keep a decentralized version of the seed phrase with different, trusted individuals. So that every trustee has one word exactly and nobody knows who the trustees are except for a select few.
Dividing up a seed phrase that way is not secure. Each word of the seed that you leak exponentially decreases security. An attacker who recovers a large enough proportion of shares, but not the whole thing, will be able to bruteforce the rest of the seed. Furthermore, there is no way to provide redundancy, or to specify M/N access policies. A popular approach to try to solve that is Shamir’s Secret Sharing. In M/N Secret Sharing, an attacker who obtains M-1 shares has no information about the seed. That has had some horribly buggy implementations, and it has been criticized generally by some experts (notably, Greg Maxwell). I do NOT recommend using it, unless you know exactly what you are doing; but I disagree with the general criticism. It needs better implementations, better standards (such as the Satoshi Labs protocol for this), and application to use cases where it makes sense—not ridiculous use cases, where it is too often misapplied. Reconstruction of the key is potentially a major problem for the use case stated in OP; therefore, it may not make sense at all here, depending on the circumstance. I note that there exists some enterprise software using SSS to secure the keys for corporate secrets; most Bitcoiners have no idea about that, and it is not a Bitcoin thing. Multisignature, as I suggested in my prior post, accomplishes the same objective for the use case addressed in OP. With Taproot, a M/N multisig (and many other access control conditions) can be made indistinguishable on-chain from ordinary spends; this obviates any blockchain privacy and distinguishability concerns, one of my own general objections to multisig. Yeah obviously you should use multisignature for the encryption of each word in order to keep the naked text away third party eyes. But would you then not have the same problem except that you went from storing the seed phrase words to storing the private keys to the seed phrase words? I guess you can divide up the keys and keep on adding multisig layers for extra security but it would never be 100% secure. Just more distributed. Also what I meant by "decentralized version" but was too lazy to explain. However now wouldn't the problem be that the more layers you add, the greater the chance becomes that you could lose access to the wallet by losing access to a signature? So thats a problem I think most corporations/whales would rather avoid. The scary thought would be someone withholding a key to blackmail or sabotage a business from within, with their own funds. No matter how I think about it, there's a huge flaw in security. |
|
|
|
Big players like Michael Saylor, the president of EI, or even some exchanges, i have been wondering how these guys store their BTC, their solutions, and their hardware storage.
Do any insiders know something? BTC
Obviously they keep very secure wallets. They could even keep a decentralized version of the seed phrase with different, trusted individuals. So that every trustee has one word exactly and nobody knows who the trustees are except for a select few. Although as far as wallets go, I would not think they use web wallets or exchange wallets or anything like that which might be accessed by third party members. Probably a hardware wallet with extra security. And if any insiders did know something what makes you think they would post it on here? Boredom? Bragging rights? |
|
|
|
Exactly, even if the reviews on a review website were honest at the end of the day you need to do your due diligence anyway, besides it would be a mistake to trust the judgment of a single person when it comes to a service, as a popular casino serves a lot of clients every day, however that is not even the case when it comes to review websites, they take money from casinos to give good reviews and basically publish whatever they are told by the casinos, defeating their reason to be and as such there is no reason to use a great deal of those websites until proven otherwise.
Review sites are just an explanation of the list of online casinos published on the website, so some site owners affiliate with certain casino sites to increase the recommended top rankings to visitors, so there is no need to trust any review sites and do your own research to find out more hidden facts from online casino sites, I recommend staying focused on online casinos available on the forum because each casino has an active discussion thread from member responses and also admins are involved in discussions to provide solutions or the latest information. When we do talk about review sites then we do have only a couple of which could really be trusted or something worth on reading.Its true that we do have lots in the market and most of them are just biased and trashed reviews which it cant really be something that you could trust. Therefore, when you do tend to make use or deposit on a site then you should always look for real time feedbacks and comments about it. And decide whether you do really make decisions on pushing on playing or not. We do have our own will and just dont make yourself that dumb. I guess there is perhaps one thing that I left out. Ok, maybe two things. First, as you mentioned if there are reviews and feedback from real, other people (other than the review site itself) then you could take the review site a bit more serious and if you deem the review site a bit trustworthy then you could use it as a data mine for your own research. However I would still check whether or not the data from the review site is accurate. It could be made up or inaccurate. As I said, best method is to do your own research at all times, no matter what. |
|
|
|
I recently visited a land-based casino after a long time to gamble, have some drinks and enjoy live music with a couple of my good buddies. Not long after we settled in, we heard one of the casino workers yelling at one of the gamblers. He said, "Sir please you have to leave now. You come here every day and you keep losing. Please be considerate of your wife and your newborn babies." The backstory is that this particular man is a very popular gambler at the casino not because of his winnings but because he keeps losing. Despite his losses, he would return to the casino the next day to gamble. From the story, his wife had just been delivered with twins. I would later find out that the casino worker is his nephew.
If you were the casino manager would you fire the casino worker for interfering with your business or would you ban the gambler from visiting the casino?
If I were the casino manager I would want to fire the casino worker for interfering with my business but I am afraid there would probably be laws which prevent me from doing exactly that because I am not sure if it would be considered as wrongdoing by the court. In fact the court may see it in a positive light, like he was trying to prevent a gambling addict and a new father from a gambling addiction or something. From a humane perspective the worker is probably right to tell him off. From a business perspective... Not so good. |
|
|
|
As much as I like to see the SEC prosecuting criminals who drag down the image of crypto (also thereby dragging down the image of Bitcoin), I still think its kind of their own fault for falling for such obvious scams. It just goes to show that even the extremely stupid have lots of money sometimes. I mean how hard is it to do your research on potential investment opportunities? You could even outsource the task by simply asking around or even posting a question on Bitcointalk. You would immediately get warned by even the newest of our members not to put your money into such scams. |
|
|
|
1xbit is rated on the review site with 95/100. Is this a joke? They are obviously fighting with many scam claims, many of which have been proven quite extensively as far as I understand it. So I cannot take a review website seriously which obviously does not take it's research seriously. The best reviews can be found on Bitcointalk, written by senior, trusted members. So I cannot see myself using your review website If you notice here, it will be seen that most of the sites are related to gambling, but anyway I think they are paying their own money, but here they have their own sites, but we can play. something something It is better if we can stay away from them, we will play the games carefully and never want to lose all our money. Obviously here, on this website they have their own site advertisements, thats not what I was talking about. I am saying that I do not trust the "independent review sites" which review gambling casinos, or anything really. Their business model is based on getting paid for writing reviews and in my own experience, these reviews are almost never truthful or take very long to write, as the reviewer barely ever does any research or just copy pastes whatever text he is given by the customer in question. Long story short, avoid review sites like the plague and do your own research. Bitcointalk is not a review site but still offers reviews from trusted individuals. This is why I said I trust the reviews here. |
|
|
|
~
When I gave up was one one review site rated 1xbit so high. It was then I became convinced about the biaseness and shady deals that are done behind the scene to deceive us.
Review sites are being used as a marketing tool by casino owners, as we know, newbies always use review websites before using that. And when they sees good ratings then people agrees to use the website, this is the reason why scam like 1xbit are still in the market. Because they keep their good rating on the review website and newbies visit their website to gamble, and then fall into scam. I personally do not trust any review website and always look at forum profile to make sure they have no negative feedbacks Not only that but review sites (or at least most review sites that I know of) are basically scams which offer to give glowing reviews in exchange of money to some online gambling casino they have never even heard of, researched or tried out. This includes scam casinos that aren't actually casinos. Although they are a bit more careful about that due to the fact that in some cases they can be held legally accountable. Still, either way, review sites are the worst. I would not trust them either. Some people are gullible and believe everything they read there, though. What a sad way to lose money. Best thing you could do is do your own research. Precisely. With research, you will know that these turned to be good casinos are certainly those scam casinos that you need to avoid in the first place. Review sites are already controlled by them, as they always leave good impressions made by some paid users, otherwise they would not gain any customers at all. Although I’m not saying that review sites are not longer reliable, but in most cases they are almost made to lure new players. I would go as far as to say that review sites are not any longer reliable and never have been. If you really think about it, review sites are just businesses. And the way they mostly make money is not by advertisement or selling merchandise of any kind, but they sell services. Which is what they like to call it. But honestly its just the review site selling good reviews, regardless of whether the reviewed website or online gambling casino in question is any good or not. Most of the time they do not even do their research but just copy paste whatever text they are given by the customer. |
|
|
|
No, I've never played at a casino that doesn't have an ann thread on the forum, in fact most of me know about the casino from the activity on this forum. But it can't be denied that there are so many online casinos and many don't have an ann thread on the forum so when someone plays other than the well-known on this forum it becomes a question for many members of this forum but actually it's a normal thing as long as the casino pays
Seeing as I only like to play in online gambling casinos which have cryptocurrency account funding options, I know for sure that if there was something wrong with such a crypto casino, like it was scamming its users or had similiar red flags which most would find unacceptable. I would find out on Bitcointalk firsthand within hours. That being said, I only use casinos which are on this forum and are being observed carefully everyday by our lovely bitcointalk gambling and scamwatch community. Any other casino is too shady and I would not trust it just because it does not have such "security". Furthermore the community is quite tightly knit so we post together, we gamble together. Its fun. |
|
|
|
One of the reasons why traders loose money everyday in their trading is 'greed'. A trader will hear about a particular coins he wouldn't even do research or proper findings to know the future of the coins which he wants to trade his money on but rather the greed in the trader will push him to use all he has with the aim of making 4 or 5 times of his trading capital.
Traders are big risk takers so everyone should know what he or she is trading on so that when you loose which is normal, you will learn more.
No trader is perfect but mastering coins you trade on can help you, remember trading is like a gamble you either gain or loose.
Do not trade with everything you have,your egg can not be save in one basket, I have lost but I have gained more in trading with the help of research and mentorship programs.
I think the real problem is putting all your eggs into one basket rather than being greedy. Although putting every egg into a single basket could be seen as the result of greed. Its obviously important to diversify your investments into things worth investing into. I for one would never invest into start ups which do not even have a institutional investor behind them. I remember someone once did an experiment and randomly invested into whatever came up first and that person did remarkably well. So there is obviously a limit to how much research will be useful. |
|
|
|
Bitcoin has gained so much popularity and recognition in the past few years that it rose from nominal prices to almost $69000 in 2020. It however gained hundreds of billions of dollars in capitalization over the years. The situation has changed with both appraisals/approvals and backlashes on the cryptos by some countries, especially government officials.
Inflation is another problem, and they have successfully caused Bitcoin to remain at lower levels compared to its all-time peak of almost $69000. Its market capitalization today is a little above $454 billion, which is still a good value. However, in events that more backlashes and higher inflation negatively affect the crypto some more and finds itself at about $1000. What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?
As for me, my investment has just begun. I have learnt from my past mistake.
If Bitcoin reaches 1000 USD? That seems impossible but if it happens, I would invest like I have never invested before. Unless a fatal flaw with blockchain was discovered. In that case I would stay away until it has been fixed. In fact, I think the only scenario in which the price of Bitcoin would drop such a horrendous amount would only be if something caused a mass panic. Like WW3 or as I said, a discovery of a fatal, perhaps permanent blockchain flaw. But lets be realistic. That won't be happening. Its already been too long and Bitcoin has been tested again and again. |
|
|
|
|
I don't think that anyone can actually spot a gambling addict. Unlike a meth addict, for example, you will not see a gambling addict with teeth and hair falling out. So physically, there is no way to tell by looking. Addiction is a dopamine regulation problem. If the dopamine in someones brain is not being produced as it should be, or if the receptors are not taking in the dopamine as they should, then thats how an addiction comes to be.
The best way to know if someone is addicted is by observing their behavior and their daily habits. Listening to the person, helps too.
|
|
|
|
Hello, i got banned and now i cant withdrawal my commissions. And im not the only one. There was a rouge staff member trying to get “promotion”
By doing a good job banning account that have lots on commissions. Im not even able to withdraw the commissions.
“Saving the company money”, there is literally no support so if you get banned make sure not to waste your time with support because nobody will be willing to help you.
Are you seriously just here to rant or do you have actual screenshots/other evidence that you can show us of why you were banned? I am not going to side with the casino or you just yet because there are a lot of people who come here just to rant about being banned for something that usually is their own fault. Or they just lost a lot of money and now want to damage the reputation of the casino where they suffered their loss. So that being said, its about time you come forward with hard evidence in the form of the screenshots of their messages to you, at the very least. |
|
|
|
Exactly. With the rise of streamers in online gambling, the online gambling casinos have found a new way to advertise. This is very important for the casinos because their advertising options have become very limited due to all the government regulations. Especially those regarding not advertising to young adults and children. But with streamers, its not really considered advertising, is it? So its kind of a loop-hole. Whether thats a good thing or a bad thing, I guess we will just have to wait and see what the future brings us. Hopefully we won't see 10 year olds stealing their parents money just to satisfy their newfound gambling habit.  That's the bad side of it, they can really get new members that will join their casino or that gambling site but they cannot monitor if their players are in the legal age, except if they want to implement KYC. I also saw some streamers in fb promoting some online casino/online betting website with "licensed to operate by the government *, we can say that their website is legal yes that's correct, but what I am concern is Younger age who follows they can be curious about that ads, so sometimes they will try to make a bet because the steamer they are following is promoting that website. Anonymity is one of the basic characteristic of a crypto casino and it's hard for casino to know if their players are minor or not unless they do KYC. A steamer can't do anything if an underage really want's to play on a crypto casino. The streamer can only tell his underage audience to don't play on gambling casino because it's for adults only. But remember it's not easy for kids to acquire crypto right, It's possible that they can get some but it would be hard on them especially if they are just hooked in cryptocurrency just because of crypto casino. I would have to disagree with you on that point. Kids can easily get crypto if they want. Especially if their parents have crypto already. Or an old traditional credit card. Heck, they could even have it be as easy as stealing a few dollars our of mom's purse. Also, most crypto casinos which operate by laws set in place by their government. Usually this includes KYC but this is not always the case. We know there are unchecked crypto casinos being run by anonymous people in lands without strict KYC laws. We should take it a bit more seriously, otherwise this new trend can have a bad effect on kids. |
|
|
|
I think the rise of streamers is happening everywhere. Not only in online gambling.
In this case, bookmakers and casinos have adapted to our times. Everything evolves and so does advertising. With the number of followers that some streamers have, this advertising is much more effective than traditional advertising, so they should get a good return on your investment by paying these streamers. Exactly. With the rise of streamers in online gambling, the online gambling casinos have found a new way to advertise. This is very important for the casinos because their advertising options have become very limited due to all the government regulations. Especially those regarding not advertising to young adults and children. But with streamers, its not really considered advertising, is it? So its kind of a loop-hole. Whether thats a good thing or a bad thing, I guess we will just have to wait and see what the future brings us. Hopefully we won't see 10 year olds stealing their parents money just to satisfy their newfound gambling habit. |
|
|
|
This chart shows the share of football fans in selected countries that place bets on matches, and how many of them say they make money from it in 2021. *Respondents who say that they win money overall in the course of an average season.
n=13,300 adults (16+) interested in football. Conducted in May 2021 Source:https://www.statista.com/chart/26706/share-placing-bets-on-football-matches/ I have a problem with statistics where people get to declare something. As if though most people aren't liars. So when I hear something like "many of them say they make money" I immediately ignore it. I have absolutely no doubt that people will say anything to make them look good. Who wants to admit that they lost all their money and their house maybe even their wife to gambling? Nobody, a lie sounds better. There are professionals who are skilled in betting on Football after analysing the players and many things. No doubt those people make money. But thats like 0.1% of gamblers. Most just bet without much thought behind it. |
|
|
|
|
Show Posts
