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1201  Other / Beginners & Help / Re: Darknet hackers are selling crypto accounts for as low as $30 a pop on: May 02, 2023, 03:05:52 PM
I was thinking who are the people that will buy these accounts? Only what that comes to my mind is that the scammers will be the people that will like to buy such accounts. I am also thinking that it can be beyond only hacked accounts because it is possible for people's KYC to be breached and stolen from exchanges and the platforms that the exchanges are giving the KYC.

Darknet hackers are selling crypto accounts for as low as $30 a pop

Do not think everything you see on the web is true. Some people are using bought verified account. But I am thinking what will be the legit reason to be using a bought account?

First of all buying hacked account is useless because even if the hacker can provide the login credentials on an exchange account you still can't login without authorisation link which will be sent to the email you used for registration and this security feature is called login shield which prevents logging in from new device until we give authorisation.

There can be no other reason than scamming others using the account or possibly to launder the money but doing it is highly risky cause you can't deposit fiat to most exchange from third party accounts so you can use it for crypto to crypto conversion only.
1202  Economy / Economics / Re: Bitcoin Supercycle? on: May 02, 2023, 12:47:29 AM
Is it possible to have a bull run for the next couple of years? I mean more people and companies start using bitcoin often and knowing there's a limited supply of it, the demand for the crypto will go up eventually. Do you think it's possible considering inflation and our global economy today? I know its a very volatile asset but what do you think?

I am not sure that we reached that state because companies are not adapted the Bitcoin in full form, they announced they will add in the future so I don't see anything like called super cycle which will exists for nore than a year above its previous ATH but definitely ad sd know a cycle is about 4 years so 2 years for bull and 2 years for bearish so it's somehow reliable question for the title of this topic
1203  Economy / Gambling discussion / Re: do you lose on slots? on: April 30, 2023, 04:47:20 PM
I like to play slots and If I am not wrong my winning ratio is 1/10 or less than that and didn't made any big wins too but it feels fun and the wow factor of hitting the jackpot keep myself engaged. I just play with very little amount on slots compared to dice, plinko or others since the slots aren't working really atleast for myself. But I like to watch the live stream of slots and sometimes I do it for hours and feel the thrill with the user who is spending the money and I am just losing my valuable time.
1204  Economy / Gambling discussion / Re: Are you a fan of sports betting? Have you ever considered using Bitcoin sportsbo on: April 30, 2023, 02:40:48 PM
Have you tried betting on sports with Bitcoin? Share your experience in the comments!
What kind of stupidity is this because you are asking have you considered using bitcoin for sport betting or just gambling on the gambling board of bitcointalk. Tongue

Can someone look into OPs post and find whether he used any AI too make this post!



Anonymous is not completely available because you have to go through KYC verification for AML so it means you can play convenient but you can't be anonymous user even using decentralized medium of exchange on a centralised platform.
1205  Economy / Speculation / Re: The power of Bitcoin in global world on: April 29, 2023, 07:09:42 PM
Have you ever wonder how lucrative or powerful Bitcoin is in the crypto world.
And you ask yourself(especially as a beginner in cryptocurrency business) can 1 Bitcoin make you a millionaire? Now listen!
The  creator of swiss key,kyle kemper created a formula that determines how much Bitcoin one has to own in relation to the value of the world's wealth and the rise of a Bitcoin over time.
According to Kemper's formula: A person need a total of 0.06624605 BTC in order to guarantee wealth worth $1 million.
Pretty impressive when I look that number so hopefully I will become a billionaire when that day arrives. Cheesy

Obviously he calculated the total available supply of bitcoin and estimated atleast half of the world's fiat replaced by bitcoin or cryptocurrency and then this figures will appear.

But I am living in the present currently its around 30K so don't forecast too much and just accumulate as much as you can but only if you have the faith in the future of cryptocurrency.
1206  Bitcoin / Legal / Re: Let's talk about FedNow and the relationship with cryptocurrencies on: April 29, 2023, 05:19:54 PM
The FedNow Service is an instant payment service provided by the Federal Reserve, enabling individuals and businesses to send and receive payments within seconds. It's not a form of currency nor a step toward eliminating any payment form, including cash.
I don't see any special feature of this new product by the US Federal Reserve apart from the speed of transactions. This is clear proof that the banking system is not giving customers the needed service, hence the Central bank wants to cover these vacuums. I think the American banking industry is going through a lot of problems that they want to showcase this service to divert the attention of the public from the main issues. This is because this fast service is also offered by commercial banks in my country and their transactions sometimes ate reliable. But the Fed didn't guarantee that this service will never experience any service downtime. Let's see how it goes.
Isn't the central bank responsible for the interaction between banks? There is a processing center that is responsible for processing transactions. In Russia, there is a system of fast payments, to which existing banks are connected, and no new solutions are needed. Each participant in the system has only 1 identifier, this is a phone number. Therefore, transactions are confirmed after a few seconds. There is no need to invent anything new, you need to add a new option to the processing centers.
Already the instant transaction available on many countries and upto certain limits so the delay will be there for big transactions which may take few hours like when you transact a million dollar it will take upto 30 mins to 3 hours so they aren't inventing anything new just invented a fancy name and try to use it as a barrier agains the decentralised monetary system. Anyway it won't be an alternative to decentralised money but can pause the adoption for a while and that's what Fed even looking too.

About the title FED will never going to be on the side of crypto I mean decentralised ones like Bitcoin because it's their direct threat to their future so they will be doing all the things to suppress the growth as early as possible.
1207  Other / Beginners & Help / Re: Difference between long and short term investments in crypto on: April 29, 2023, 03:31:28 PM

Bitcoin is an excellent example of a short term investment. Day traders have made quick profits by buying and selling bitcoin within a single day.

I have exact opposite opinion about this because bitcoin volatility exists everyday but is it really possible to hit the trades everyday when price goes up and down which is almost impossible and I am mentioning it from my all the years of being a day trader that is why day trading is highly risky as well as you can get high rewards too.

But if I have to pick either short or long term with bitcoin then definitely long term will be my choice because I know the price of Bitcoin will be a lot high in the next 4 or 5 years from now so what's stopping you to invest and just relax until the next ATH approaches.
1208  Economy / Economics / Re: using credit card on: April 28, 2023, 09:39:26 PM
i am studying in college, i was really excited to get my first credit card Wink. i thought it will give me a sense of independence and allow me to buy things i could not afford with cash.

though, i quickly learned that credit cards can be a double edged sword. while they can be helpful in building credit, they can also lead to debt and financial trouble if not used responsibly.

at first, i used my credit card reasonably, only for like emergencies or small purchases that i knew i could pay off in full each month. but as time went on, i began using it more and more for larger purchases and impulse buys, without really thinking about how i would pay the balance off.

before i knew it, my credit card balance had  blown up to several thousand dollars, and i was struggling to make the minimum payments each month. the interest charges alone were eating up a significant portion of my income, and i felt like i was going under debt.

it was not until i sat down and made a budget that i realized just how much my credit card debt was affecting my overall financial health. i had to make some tough choices and cut back on some of my expenses , but finally,
i was able to pay off the balance and get back on track.

the lesson that i learned here is that credit cards can be a valuable tool for building credit points/scores and making purchases, but they should be used responsibly and with caution. it is important to keep track of your spending(like keeping a journal), pay off the balance in full, each month if possible, and avoid carrying a balance that will increase interest over time. by being mindful of your credit card usage, you can avoid debt and maintain your financial health.

i am weak at economy, is it wise decision to use credit card?
You should not use credit card unless you have the money which you're going to spend in your bank account in worst case you know the sources of income will get you that amount before the due date.

If someone use credit card in this way then it's good for them because it will help you to build your credit line so get loans for less interest rate for example while doing business,etc and also enjoy the free perks comes along with credit card for example free lounge at airports, free hotel stay, etc.

so that is really a point of credit card to to take a loan with less interest and easily got the a loan i would prefer this than using it to spend on something that later on youll pay it, i mean even you cant afford it you can still buy it and pay it in installments which my view is that it isnt good idea because why purchase it if you cant afford it in cash mostly this are wants and not the needs in our life.
Unfortunately we have been tuned in that way so majority of people don't realise the credit card trap but who knows can use it wisely and get a certain amount as long with zero interest and this will further build the credit score so in future we may get better interest rate for example while buying a house or car or anything.
1209  Economy / Exchanges / Re: What do you actaully consider KYC in terms of information that has to be given on: April 28, 2023, 02:26:14 PM
With more and more exchanges asking for KYC, and some people being a bit more privacy oriented / or even just caring about it then others. I was just wondering what people thought of KYC info vs. 'whatever info'

Picking on localcoinswap.com they ask for an email address to sign up that then then send a code to for verification and then a cell phone that they can send a text to.

That's it. But some people consider that KYC. I look at it as since I have a few phone numbers that cannot be tracked back to me [no real reason just wound up with them] that it's not KYC. Send me a text, to that number I really don't care.

Some places go deeper and ask for an address and other things but really never verify it. I have a few places that think I live in a building that was torn down a few years ago.

Then you have the 'full anal probe' KYC

So, for me the 1st 2 are not a big deal. It's just the last one that *I* think is KYC.

What do the rest of you think? And do you really care so long as there are non KYC options.

-Dave

Email and Phone number verification is to avoid the bots attacking their website for any reason but I am sure they will atleast need your national ID to be verified once you cross certain trading limit and probably it will be around $1000.

So people who trade too often and high amount definitely needs to go through extensive KYC which includes video call verification, source of income on certain cases,etc which may not be comfortable for everyone but to be a reliable trader they need to sacrifice their privacy if they want to trade with cheaper fee, more trading pairs, various deposit and withdrawal function.
1210  Economy / Gambling discussion / Re: There are many advantages to the relationship between gambling and Bitcoin. on: April 28, 2023, 12:18:30 PM
There are many advantages to the relationship between gambling and Bitcoin. Firstly, Bitcoin provides a secure and decentralized way to gamble online, which is attractive to many gamblers who value their privacy and security. Transactions are processed quickly and can be completed without third-party intermediaries, making it a popular choice for online gambling sites.

Another advantage of using Bitcoin for gambling is that it allows for more anonymity than traditional payment methods. This can be especially important for gamblers who wish to keep their gambling activities private.

Furthermore, Bitcoin transactions are often cheaper and faster than traditional banking methods, which can save gamblers money and time.

Many online casinos and sports betting sites now offer exclusive bonuses and promotions for Bitcoin users, which can provide gamblers with extra incentives to use Bitcoin for their online gambling activities.

Can you tell us another advantage of opening an account in a Bitcoin Sportsbook?

Well bitcoin is decentralized but online crypto gambling sites are not, they are centralized and comes under regulatory body which almost made KYC is mandatory for every crypto gambling sites so it means you can play conveniently but for anonymous part it's not really achievable anymore due to this strict regulations coming from government for AML and other illicit activities which may take advantage of the decentralized asset like bitcoin.

1211  Other / Beginners & Help / Re: Missing Bitcoin on: April 28, 2023, 01:58:28 AM
Can someone help me with a transaction that has been confirmed over 600# and is not showing in my wallet and yes I sent it to the right wallet.
Since you mentioned it's wallet I hope you're not talking about exchange's wallet here and if that's the case its different and you should contact the exchange ASAP and let them know your balance doesn't show up.

Now what's possibly can be a reason if its not showing in your wallet, the wallet isn't connected to a node so try to install the latest version of the wallet and let's see if it works but before doing all this just go to blockchain explorer and search your wallet address and see whether the balance is showing there or not.
1212  Economy / Gambling discussion / Re: The psychology of betting..... on: April 27, 2023, 06:27:07 PM
I beleive I will be lucky if I wear black and it's true to some extent but when we apply the common sense here let's imagine I believe black is lucky colour for me so I wear black all time or most of the time so at the end you didn't really noticed what happens when you wear other colours, but obviously it doesn't make sense while everyone has some superstitious beliefs and myself is not an exception to it.

But I keep it clear If I win I will be happy and if not just feel for loss and move on while most people try to chase and ends up losing more and more.
1213  Other / Meta / Re: Opinion/Recommendation: Autosave of drafts on the forum on: April 27, 2023, 04:00:52 PM
I felt a lot because sometimes while replying via smartphone we click the refresh button when swiping down which will end as refresh page and everything you wrote on that will disappear and draft will not be working when this happens so the only choice is the forum needs to keep savings every word we write whether we click preview or post but it seems it's too much to ask and I don't think it will be under the to-do list of theymos.  Grin
1214  Economy / Reputation / Re: I doubt it - But is it too bad to ask you to review some of my posts? on: April 27, 2023, 03:25:24 PM
Once a person reaches Legendary rank(you have the merit to be that) I will usually merit them less and once you reach that rank merit isn't worth anything, it's just as bragging rights thing at that point IMO.


I do think that this is the possible reason why he isn't getting merits as before because usually merit sources encourages members to rank up until legendary and after that it's not really matter because legendary is the highest rank we can reach in bitcointalk or atleast until now ( not sure if theymos has plan to introduce ranks above legendary).

About lacking sMerits I just move because I never had lot of sMerits to spend and when I get I spend it sooner but I am not really someone who is giving more attention towards the merits column, I just want to get more information as much as possible with the resources of our community members.
1215  Economy / Exchanges / Re: Why coin base take so long to deliver a coin? on: April 27, 2023, 12:24:24 AM
One thing I've noticed about the coinbase exchange is that every transaction I make there takes a very long time to confirm. For example, imagine purchasing some bitcoin and having it take about 6 days to reflect. Sending bitcoin also takes some time to confirm transactions. This experience has led me to wonder why this is the case when compared to other exchanges I've heard of, such as Binance and many others.
Usually sending BTC from coinbase will be included in the next block itself unless there is sudden clog in the mempool because they always set the fee higher than the fee required to get included in the next block and to my best of knowledge coinbase wallet doesn't have feature to adjust fee as per your wish.

About fiat withdrawal it depends on your bank side and what kind of payment mode you're really using.
1216  Economy / Gambling discussion / Re: How do you stay updated on: April 26, 2023, 06:58:20 PM
I start developing an interest in Boxing and UFC matches when I visited a relative, he is so into these types of sports and he seems to know a lot about it, by I have to keep myself from asking him what and what I should do to know more about such sports, I have this in mind to be able to make some bets or gamble on such sports, my problem is I don't know how, if anyone is into such sports where should I begin? Any special UFC or Boxing platform where I can read news and updates about such sports?

How do you bet on such games? What are the things to be on the lookout for? Because I believe this is different from football ⚽, I also don't have access to satellite dish like my relative does, this is how he is able to get the best out of these sports.

what information can you give someone like me?
I suggest you to not do anything simply because someone you know is doing it well, if you're really interested in UFC and boxing matches then start watching them and lot of podcasts about them also going side by side before the matches which will give you some information but these all are just information and at the end of the day it's about the probability of winning the bet so keep that in my mind.

I think every match is streaming online so you can watch it on websites itself for free or third party websites if the site needs subscription, I am not forcing you or encouraging anyone to do it but myself not really that kind to pay for watching something online just for entertainment.
1217  Economy / Scam Accusations / Re: SPORTSBET.io accuse me with multi accounting and DONT PAY MY WINNINGS on: April 26, 2023, 04:47:17 PM
Snip
It's completely irrelevant to the context of this thread but its related to ToS again so the casino can decide what they want to do at the moment and as I said most likely the funds will be never returned even the deposit because they clearly mentioned it in their ToS and we are agreeing at the time of registration itself.

But when the site itself not loaded and we use proxy to access theit platform and registered there now blaming on the site doesn't make any sense at all.
1218  Economy / Scam Accusations / Re: SPORTSBET.io accuse me with multi accounting and DONT PAY MY WINNINGS on: April 26, 2023, 02:46:45 PM


- I use VPN service called 1.1.1.1 ( as can be found on appstore) to access site , the reason for this our government ban the betting sites so I should require VPN to access betting sites.


The case is pretty much closed with this statement because they clearly mentioned in their ToS
Quote
Restricted Jurisdiction(s) - specific countries or territories that are restricted by our gaming license, and as a result, users located in or from these regions are prohibited from registering and playing on the Website.

Since you bypassed the restriction via proxy which ended as this but atleast they agreed to return the deposit fund which we may not see with many cases similar to this but let's wait and what the official says about this.
1219  Economy / Economics / Re: Investing Addiction. on: April 26, 2023, 11:19:12 AM
Getting addicted to investing is good though no matter what but I don't think or it happens very rare that someone skips a meal for everyday so they can use it to invest and get returns in the future. We are living in an era where most people don't even get the concept of savings so we can lead better life at the older age, we just live the moment and ready to spend any amount of money for short term pleasure.

And why we are pointing out gamblers for everything when it comes to a topic related to addiction? There are many casual gamblers who are actually gambling for fun and just move to their day to day task when they have to so I don't really prefer to connect addiction and gambling all the time.
1220  Economy / Trading Discussion / Re: Beginner mistakes and how to avoid them on: April 25, 2023, 05:34:18 PM
Most of the newbies in crypto space believe once they have a large capital they will definitely succeed in the crypto space, but they are wrong, not knowing that if you can't grow/manage a small account, you can't grow/manage a big account either, their are common mistakes they usually make an I will be giving out tips on how to avoid them,
* Over trading-- it's very important for a day trader to limit the number of trade he/she took in a day.
* Lack of trading plan-- develop a strategy an stick to it, do not ever enters a trade blindly, if not the market will remove you blindly.
* Failure to use stop-loss-- to me it's the most important thing I do while trading, an it's always close to my entry price, I do it that way so that if the trade didn't go as planned, I won't lose more than 10% of my margin.
I don't if anyone have more to add, so I can also learn?

First of all doing trade with $1000 and $1M is entirely different and ofcourse trading with huge capital has its edge but someone with small capital has to stick with their own strategy instead of following the popular traders who is dealing in millions.

I would like to suggest that avoid doing day trading with all of your crypto trading capital because as we know day trading is highly risky so we don't have to put all the capital into high risk.

Keel the things simple will actually help us to get better results than instead of applying strategies, analysis, indicators,etc.
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