i am always fascinated by the FOMOs that keep happening in bitcoin market. earlier this year i created two topics on two different occasions about it the small inital FOMO in first stage and another FOMO with a bigger leg up. with the current situation where price has come down below the $10k support line and the fact that a lot of weak hands were flushed out, i am guessing pretty soon after the drama ended we are going to see another FOMO market shape up bringing in a lot of money like a tsunami. this time if the momentum could build up we could see $20k before the end of the year. what do you think about the size of the upcoming FOMO? can we see a bubble in short term this time or will it be like last time (small just to kick start the rise)? This is a great way of thinking during a bear run but it is not something we can prove in any way at all. Surely when the weak hands are flushed we can say that bitcoin right now is held by people who actually believe in it (and traders) but that doesn't mean it will continue to go up, first we need to make sure the whales who are trying to make money doesn't sell. Maybe "weak" hands are gone but the whales are not and they can still buy a million dollar worth short futures and then sell 10 million dollars worth of bitcoin all at once and make a ton of money thanks to leverage as well. Hence we are not certain right now, does the future look brighter for bitcoin? Sure, it does but that doesn't mean it will certainly be better, it just means it is "probably" better.
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I think having a cheaper and faster option would make wonders once again, bitcoin went up in price back in December 2017 and transactions suddenly became like 6 hours long with 20 bucks or something which was horrible, if we ever want to go back up to those places we need a solution for these things in order to not have them once again.
Aside from that I think we just need to find a way to separate the futures and the real prices, long futures and short futures all affected the bitcoin world way too much, maybe longs are not that bad because it requires a lot of capital to do something good there, however short futures basically just gave the rich folks power to drop bitcoin price whenever they want and make a ton of money, that is not gonna help us in the long run.
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Is there a possibility that this game turns a bit off-chain? Having to deal with "deposit/withdraw" which I know they are not like that, we put money up for bet and we get money in return (or lose) so its not exactly like deposit and withdraw but I don't know what we call them, is a bit hard.
I would love to have just a balance in the website where I keep gambling all the time and a lot more frequently then this in order to get more fun, its kind of a must for me as well because if I have to just transact money all the time to be able to play and have to go outside of the website to just send money and come back to website, it will feel too tiring eventually and I would stop. I am not against the game itself, the game looks fun and entertaining, but the features needs to improve.
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I think there could be some sort of digital "card" that would allow people to play and shows how much they have left. Either the card itself could be digital enough to show how much balance it has and can be used or card could be regular card but the casino could have things that you can go plug the card in and check how much there is left. I think that is literally a better option than chips as well, why they are still using chips I would never know but just guess.
My guess is that they are just an iconic thing, like you hold a ton of chips in your hands and it makes you feel better, you put them forward and so forth, it is just what people think when they think about casinos, that is why they are not removing chips but in reality it is really possible to make it better with technology.
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This cannot be done because of the counterfeit. At our current time where only a few of us know the existence of Cryptocurrencies, only a few people will know how Paper bitcoin will work. Most of the people in the world don't even know what may those things are. they may tell you that you're paying with a receipt.
I think counterfeit is the last of bitcoin papers worries. We are talking about a paper that could not be replicated as something filled with crypto, you can print any paper you want make it look as legit as you want but a person could just type in that key and see its empty, this is not something you just take and say thank you and leave. This is something you check each time and you could do a QR code paper or key phrase paper or whatever you want but in the end whoever you end up giving the paper would be able to check if there is any money in it by a simple search on blockchain. Considering there would be waiting times and useless checking process and acceptance, digital is much much better so even when not a counterfeit it takes way too long to accept paper crypto.
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Eventually they should realize that central banks cause more harm than good whenever they do something. They think that when they print money to keep the people going they are doing something good but they are just allowing people to spend the money they don't have and then that money is printed so the money exists.
If central banks didn't then eventually a lot of worlds economy would collapse everything will be horrible we would be in economical dark ages but eventually whoever survives that will lead us into a world where banks are no longer greedy or can be greedy even if they wanted to because they would collapse and bankrupt if they do.
Just let banks bankrupt and jail the CEO's for letting it happen and you will not have any more scammers there, the power resides in the central banks to make that happen, only if they do not help the banks out. There are customers whose money get bankrupted as well? Customers who can provide proof of ownership will be reimburse by the central bank, that way banks will still go bankrupt, new money still would be printed and all the regular people would be saved.
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Strategy should be more important for profit making from trading rather than trading with a bot.
I mean you want simply profits or you want to save time for your entertainments still you need profits from trading. If you focus only profits then you may test your strategy manually and then start trading in real with small capital. This way there could be 99% chances to crack profits.
Bots cannot withstand against all market conditions. Even your strategy is good, it may get failed when there will be any drastic changes in market conditions due to any negative news like hacking in a major exchange or wallet provider. If you trade manually you may exit simply at your stop-loss. (Bots too may exit at stop loss but there could be chances to jump around exit levels.)
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Please do not try to tempt innocent traders by showing just one profitable trade. I can show here 100s losing trades which had happened just due to the reason of leveraged trading. I am not against BTC trading but definitely against leveraged and shorting trading. Because, they will multiply the risks into ten fold whereas bitcoin is known for making easy money by simply buying and holding. Here are my recommended way of trading for the traders who are all in a rush to grab profits: - Do not expect quick profits. If you still want, losses might be quicker than you could expect.
- Never opt for leveraged trading. Trade only for your actual worth. This way, there will be no pressure of contract expiry.
- Simply buy BTC and forget for some time. Definitely you may get at least 10x profits after the upcoming halving.
- BTC is a proven asset for making easy profits if you buy and hold. So, never go shorting it. Still, you may make use of every dips to buy more.
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I have heard that there are a few known and trusted bitcoin casinos which offers dividends (like 5-10% per year) if you invest your BTC in their bankroll. E.g. I can invest say 1 BTC and receive 1 BTC + 0.2 BTC of dividends in the end of year because they will use it in their casino bankroll.
Dividends from gambling houses are not a guaranteed one like a stock and its dividends. You must understand if the gamblers are winning more than the income of a gambling house from house edge, then you may not get any dividends and I am not sure houses will share their negative income too with their investors. All trusted crypto gambling houses are provably fair hence there will be less chances for them to make consistent profits against gamblers. Hence, you may not get expected returns for your investments. Invest only your affordable money on the event of losses if any. Although gambling is a lucrative business in which casinos will not lose, I would not invest bitcoins in casinos.
I too strongly believe my bitcoin itself an investments hence I do not believe into making my investments working again as an investment. Probably high risk investors and desperate gamblers may go for such things as it might be better than gambling with the motto of making easy money.
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I guess we are talking about a Chinese team, what were you expecting a contender of NBA barely beating them? If they didn't tried at all and they didn't brought in James harden as well and maybe if there was something going wrong the game could have been close but even the bench of rockets have the talent levels to destroy a Chinese team.
Hence, when you bring in rockets and harden and they actually try to play the game the difference was kinda expected. I wouldn't really be shocked by any result that is at least 30+ point difference and it happened. 140 points was a bit different but even the NBA offensive ratings are getting higher so when a team scores over 100 every night against other NBA teams, it is not a shocker that they scored 140 against a team that's a lot worse.
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If a fantasy token loses 50% within 2 days then it does not have a substantiated value and that is the shady part! And where is the accounting of the EOSBet operation? Curacao laws demand to show the accounting to investors! It is interesting that when a coin goes down it is not the market or people selling but it is literally company being shady, that is a weird way of thinking. Bitcoin went down from 10k to under 8k as well, that must mean bitcoin is shady, hell thinking longer term it went from 20k to 3k they must be scamming all of us!! Ethereum was once 1500 dollars look at it now!! Vitalin is definitely a scammer! Lol, it is the train of thought for someone who had never really understood what a market is. If you buy a coin you take the risk of going down and rewards for going up, no coin only goes up and no coin only goes down. Coins usually go up and down. If you specifically look at all the ICO's and the likes you will see that there are tons of coins that went down on the first day and kept going down until it got better as well.
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I havent been to the site in quite a long time. I think last time I logged into my account was back in july. When it was running it was nice but then people said the site was down and this thread was locked so I havent bothered to go back. Hope everything is still up and operational and those who have pending withdrawals soon get them once blackjack.fun member becomes active on the forums once more. Last log in was on the five days ago so not as frequently as when I was playing on there. Yeah same, I haven't tested the place for a long time, last they posted anything was back in august so it looks like they have been absent longer than a month around here, even though they were online few days ago that doesn't mean anything when you look at when was the last time they did anything about the website. My guess is that their website didn't get too much attention so they just decided not to go along with it, when a casino doesn't make any money there is really no need to keep it alive, they didn't announced anything at all so we don't know if it is closed or not but the latest news we have from the website is that someone gambled here and couldn't withdrew their money which means right now they are in the blacklist for me, anyone who plays here and checks this topic would probably not test it neither until something changes.
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$5,000 will be the next support range and $8,500 will be the resistance, and no higher.
There will always be people who think they are edgy and smart to tell something nobody really believes. It is literally just so simple to see behind their guise that bitcoin can't be $5k forever, it is literally impossible so they just make stuff up to get attention. Remember there are people in this world who get no attention from the real world because people could literally decline to talk to them, they can just remove themselves from these people and that is why people tend to get attention from online people. You can't get away from them, you can't block them, they are just there and they are not just one, they are millions in every language in every website. Hence they troll and write stuff like "bitcoin will be $5k!!" so they could get some attention they otherwise couldn't.
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Right now, there are two questions in this section that makes me laugh so much when I see them. Just recently this topic was created (okay maybe not that recently) that showed people are optimistic about bitcoin and considering a possibility of $20k in the year 2019 which is like only 3 months more. And now that the drop happened and we are all feeling bearish because of manipulators doing whatever they want with public, we are literally considering if $3k is possible so there is another topic asking for that.
So, now we have two topics getting messages, one is "will bitcoin be $20k this year" and the other is "will bitcoin be $3k this year". Isn't that kinda show you guys what bitcoin is? Like there is x7 difference between $3k and $20k yet people think both are quite possible.
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There are few reasons for it, first of all the whales can make a ton of money from bitcoin going down now. Short futures created that option that didn't existed back in the day in 2015 nor in 2012 which is why I feel like this is the first time they can abuse the market by just shorting and then selling all their coins. They know what will happen when they sell, they have enough bitcoins to drop the market, they know their power so they can literally 100x leverage the market and short right before they sell all their coins and drop the price.
Aside from that there are panic sellers, in 2015 and 2012 there wasn't this much people and money involved, price was lower, now there are more people with more risks so they get scared a lot easier this time around. Those look like the biggest reasons.
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six of those trading pairs involve tokens launched on Binance Launchpad Initial Exchange Offering (IEO) platform, namely BitTorrent, Elrond, Harmony and WINk.
Bittorent and wink are tron's tokens under Justin Sun's management. On seeing this topic first, I thought it could an usual maintenance routine for an exchange whereas new tokens (Bittorent was launched last Feb 11th and this Sept 11th only wink was launched or airdropped for tron's holders). I guess all the tron holders must need to wake up now at least. But, with recent down surge of BTC, Tron must be one of the coin which performed well. Still, not sure what are the plans Sun is having. Why would the project teams want such? what am i missing here? anyone?
We need to accept those decisions of centralized authorities are making and need to understand that this is how exchanges are working. They clearly mention one of the reason as " to improve liquidity and user trading experience". So, we must need to assume like it would be for "better binance".
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Just because of the halving coming up I am quite certain that this recent fall of bitcoins is caused by the whales who sold a ton of bitcoins and now collecting small by small. They know very well where the trends are and where the walls are so if they can sell just enough to drop the price below the wall then it will continue to fall to the next wall until it stops all thanks to panic sellers and traders. Unfortunately altcoins are following bitcoin prices when bitcoin market is falling down.
But, due to upcoming halving, BTC prices may skyrocket and while skyrocketing it may boost altcoin markets too. If you notice BTC prices are rarely staying in stable trend. It will be always either in up or down markets. So, upcoming halving will most probably boost BTC prices which may help altcoin markets to recover.
It means now whales have a chance to buy both BTC and altcoins as much as they can as slowly as they can until the next fall and that is why there is really no point on getting too upset about the down fall of altcoin markets, surely we would love it if it went higher up but when it drops for no reason at all and we can't explain it with a good logic that must mean that market is being manipulated and we will be fine if we wait long enough. All these are applicable only if you are holding reputed coins/tokens. If you are a holder of shitcoins then no one could help you out.
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I can’t even imagine how to track a person who has a cryptocurrency. If, of course, the person himself came and said all his data or trades large sums, then this may attract attention in transactions from his wallet. But people who trade not large amounts of cryptocurrency are not worth tracking.
You can track it quite simply really. What you have to do as a government is not to track each individual person, you just track the exchanges and tell them if they don't give government the information they require they will be shut down. So, places like coinbase notifies the government all the moves you do, it could be deposit/withdraw/trade doesn't matter, they will let the government know and send them a file with every single person who has done any moves that day every day. This is why governments can tax Americans who do crypto trades so easily, they are not tracking YOU specifically, they just blackmail the companies so they can get more information, that way if they ban the crypto trades people would do it illegally but this way they make it legal but taxable.
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According to the latest information from Bitcoin.com, they have reported on this. I don't know if this is a bad effect or a good effect on the market? Everyone can make a point here.
The crisis is already here, if you haven't noticed Venezuelan people literally starved to death and Russia has been doing really badly since the trade war thing in China vs USA started because they got a lot of help from their friends down south. China is doing not bad considering all things because they still have everywhere else looking to them when it comes to manufacturing but that is gonna last only so far. Hence, they needed crypto and they needed like last year not now, so they are saving up some cash and putting it in their central banks to buy bitcoins (and god knows what other crypto) so they can be fine when USA decides to reelect trump if that ever happens. Its gonna be a rough time period for everyone around them as well so other should start packing too.
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Congratulations to all the winners, this has been a great challenge for both the players and windice. Looking at the top 50 the total overall seems such a high decent number, people did wagered a lot, however the top winner yoloer seems to wagered only 5.31, which is not bad but the closes is 3.3 than 2.56 and 7th place is already under 1 btc, which goes to show, there are plenty of small fish playing at windice, there is a ton of active users and everyone loves it, why wouldn't we its a great website.
However, there are not that many whales, yoloer seems like a decent whale, not a bad amount to wager for 3 days, definitely deserves the title of a whale but he won't be too much all by himself, in my own opinion there should have been at least 10+ people who wagered at least 1 and should be 5+ people who wagered 4+ btc.
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