This time the price is rising because institutional money is coming, with a different time horizon, not hours/days, but months/years. On the offer side supply has been limited not only by the halving, kicking in Stock to Flow dynamics, but from a lack of “weak hands” willing to offer their coins on exchanges And it doesn't bode well Okay, there's no more weak hands left on the market, but what's the point? I mean hoarding Bitcoin for the sake of hoarding it is pretty meaningless. If we consider Bitcoin a store of value, it should, well, store value and that means liquidity, i.e. being able to liquidate your position without crashing the price. But as prices go up, they become more and more fragile, and it turns into a game of musical chairs, with chairs constantly being removed, until "institutional money" thinks enough is enough and dumps their coins on our heads (triggering an avalanche of liquidations) |
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To be fair, I am amazed at some point because doge is cheap, one doge costs 0.0029 USD. For 3 dollar, you get 1000 dogecoin, for 300 - 100 000. Idk what to say but personally I think that with 100 000 dogecoin, you can beat the house, your fail can't continue infinitely when the house edge is 1% and the possibility of win is 45.5%.
It is possible to beat the house with such a small Dogecoin minimum bet using Martingale or other strategies, but you will need to run thousands of sessions simultaneously. You could achieve this if you had access to a huge server. If you try running a single session with such a small amount, you will earn a few cents everyday and nothing more due to the limited betting speeds available. There was an user here on this forum who was running a marginal strategy with dicebot for a long time on Wolf.bet with a starting bet of 0.00000001 Doge. With such amount you can't lose but it takes a very long time to get a decent profit in BTCIt was probably me Although I didn't use a dice bot and profits weren't that bad either, I must admit it was very psychologically exhausting and stressful. Deep down inside you understand that even if on average the chances of busting are low, it doesn't in the least mean that you won't bust. With that said, it was still a good experience anyway since it offered a lot of insights into what random truly is and how you can leverage it in real life (more specifically, variance and statistical outliers) |
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And that's why you have to use Dogecoin and start with the lowest base bet. With as small as 0.00000001 doge it would become quite a different story if you could actually start with that amount. And since flashbet allows you to run thousand bets per second, even small profits accumulate way faster – unlike probabilities which don't add up.
I don't think that is possible in Wolf.bet. If it was possible to place 0.00000001 doge as the starting bet in flash betting, gamblers wouldn't be complaining about the 10 sats minimum bet How much wood could a woodchuck chuck if a woodchuck could chuck wood? It is easily possible to beat the house in the long term with such a low Dogecoin minimum bet which is why the house wouldn't allow it. You could set it as the minimum bet in regular auto-bet mode, but you would earn negligible amounts unless you run thousands of sessions concurrently That's exactly what I'm trying to convey here I was quite new to wolfbet would someone tell me what's that Flashbet and what's the difference for the autobet? as i know it was a autobet like that's much faster right? are we allowed to check every each of those bets on the flashbets? In simple words, flashbet is a variety of autobet but with no interface That is, you don't see anything as the bets are made entirely on the server without providing any visual feedback regarding outcomes of single rolls. You are only presented with the net outcome according to and ensuing from your setup. This is why it can be run extremely fast, with speeds like many thousands of bets per second. And yes, you can check each one of those bets after the flashbet session is over |
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Bitcoin’s price is rising because demand for Bitcoin is increasing at a time when there’s relatively few Bitcoin available to buy Isn't there a subtly disguised tautology here? In a nutshell, price rising is the inevitable outcome of increasing demand and fewer bitcoins available to buy. Since otherwise the price simply wouldn't rise. In other words and in a more general sense, this is always the case with anything rising in price, i.e. demand exceeding supply One other explication for this, if I may add to something not explicitedly stated in the piece is the DeFi craze, that might have contributed to this drain from exchanges into staking platforms I think that can be explained by simple stashing rather than staking. What we see here can be adequately described by the deflation spiral dynamic and hoarding behavior of consumers (in this case, Bitcoin holders) |
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You guys do realize that you can set stop on losses and stop on win amounts while using Flash betting right? It's just a faster way to bet, doesn't mean there is a bigger edge for the house or player Flashbet doesn't allow you to control the process For example, if you are using autobet, you may see that something is wrong with your strategy and still have a chance to stop it immediately before it's too late. With flashbet, on the other hand, you are setting your fate in advance, so to speak. Then, if you don't quite understand what you are doing, once you hit the start button you are finished. I think that's a crucial distinction, a matter of life and death in a sense You would be 100% incorrect and showing me that you do not do your research on a subject. Ready to be proven wrong? And how does that disprove my point? You set up everything beforehand. In a way, you write your own fate before it is executed and set in stone for good. If you do something wrong (I don't mean you personally, just in case), you can't change anything after you start flashbet. This is not the case with autobet where you can still stop it if you see that you missed or misunderstood something in your assumptions or beliefs. It doesn't mean that flashbet is bad on its own (I never said that). It means that it is by far easier to shoot yourself in the foot with it (read, lose your balance) Now stop spamming the topic cause obviously you're clueless I will just let you live with this |
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There are a few ideas why they don't want to allow smaller base bets with flashbet. I for one think it can be used against the casino because flashbet massively multiplies your profits with a carefully designed martingale strategy. With simple autobet your profits per unit of time will be small, close to minuscule and not worth it. But now imagine that you can speed up the entire process by a few thousand times. It suddenly starts to make sense, as well as makes sense to prevent gamblers from exploiting this opportunity
1 sat is unfortunately not enough to construct a proper Martingale strategy unless you are focusing on only 20 consecutive losses or lower. I have seen 30+ consecutive losses which is why even 1 sat minimum bet wouldn't be feasible It is not possible with Bitcoin And that's why you have to use Dogecoin and start with the lowest base bet. With as small as 0.00000001 doge it would become quite a different story if you could actually start with that amount. And since flashbet allows you to run thousand bets per second, even small profits accumulate way faster – unlike probabilities which don't add up. It can be loosely called gambler's fallacy in reverse (which would suddenly turn out casino's fallacy) |
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Note: I'm not saying that current mini bet is too high, but as they are allowing to place 1 sats bet in manual/auto mode then why not in flashbet I'm also wondering at this There are a few ideas why they don't want to allow smaller base bets with flashbet. I for one think it can be used against the casino because flashbet massively multiplies your profits with a carefully designed martingale strategy. With simple autobet your profits per unit of time will be small, close to minuscule and not worth it. But now imagine that you can speed up the entire process by a few thousand times. It suddenly starts to make sense, as well as makes sense to prevent gamblers from exploiting this opportunity |
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Everyone forgets about the scouting process as well and that is a very important part in the sports world as well. If you could have a blockchain to have all players as an address for example, you could create one for each player in any sport and you could have the biggest sport scouting network in the entire world. Blockchain world is so big that you can literally have just one blockchain for ALL sports and that would allow teams to scout players however they want and search for it If I'm not mistaken, someone has already done something to that tune Someone named Michael Schwimer, a former baseball pitcher, who designed a blockchain-based solution to invest in young and aspiring prospects when they are still relatively unknown outside their circle so that everyone could get a portion of their future earnings once they hit it rich. I don't know how he's doing now and whether his plan took off at all |
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You guys do realize that you can set stop on losses and stop on win amounts while using Flash betting right? It's just a faster way to bet, doesn't mean there is a bigger edge for the house or player Flashbet doesn't allow you to control the process For example, if you are using autobet, you may see that something is wrong with your strategy and still have a chance to stop it immediately before it's too late. With flashbet, on the other hand, you are setting your fate in advance, so to speak. Then, if you don't quite understand what you are doing, once you hit the start button you are finished. I think that's a crucial distinction, a matter of life and death in a sense |
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If by chance bitcoin hits $20k before the end of the year, I predict you'll have another sharp fall like last time, because just like last time, this is nothing more than momentum chasing and people FOMOing into bitcoin. This type of price appreciation is not sustainable, and once confidence falters, it falls a lot faster than it rises. (That's not a bitcoin thing specifically, all assets follow this same rule This time may be different from the last time If we assume that the 2017 highs happened because of Bitfinex relentlessly pumping Bitcoin via unbridled issuance of new tethers (we don't know that for certain but still), today's prices have very little in common with 2017 prices, apart from being nominally the same In other words, it is entirely different forces that are at work these days and pushing the market up now. Consequently, we can't reasonably expect the price to crash after reaching 20k because it crashed in 2017. It is not impossible per se, of course, but if it will, it will crash for other reasons |
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Flash bet is literally the enemy of a gambler if they are in it for the money. Normally we say stuff like "if you long enough, house edge will make sure you lose your money" and mathematically that is correct, but with flash bet you do not need long period of time, no matter how much money you have, you could lose all of it under 1 hour if you wager carelessly enough. It is really something huge and we are talking about just doge here, think about gambling flash bet with stuff like ethereum or even bitcoin and you will realize that you end up with countless amount of money in just few hours!
Hence I wouldn't suggest it to anyone, there is no strategy or method that could make you win with flash bet, you are gambling tons of money and you are gambling it against the house. My suggestion would be highly manual per bet and just try to have fun and get entertainment value out of this, wolf.bet is a marvlous place to have fun, it is one of the most fun places I have gambled, just focus on that part.
Flash bets are not really a way strategy workers use for a very long period of time, it is something to "test" their ideas on, think of it as a board and they write down everything they do and flash bet allows them to see what is going on very quickly and if it looks like it may work slower they just try it on regular auto or even their bots or maybe even manually There can be other uses as well For example, flashbet can be used to boost up your wagered amounts. You run it with settings safe enough to cope with the house edge, and then put it in an endless cycle (somehow) while your rank and, by extension, your rakeback go up along with your position in the Wolf race. And who said that flashbet is the enemy of the gambler if they are in it for the money? I would say it largely depends on what kind of money you are after |
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Stating that there are 2.5 billion gamers and 4 billion football fans around the world is quite a big exaggeration It's gamers, not gamblers. I think if you have a smartphone, you already are a gamer, to a degree. Do you never play on your smartphone or do you not have one? Regarding sports fans, I tend to think it is safe to say that half of the human population are fans of some sports. For example, I'm a fan of figure skating. Ladies' singles, more specifically. And boxing. Except women's, of course. And while we are at it, do you know how t-shirt is called in Russian? "Фyтбoлкa". Yeah, football t-shirt, as per literal translation I buy some every now and then (and wife beaters too) |
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 The adjective for metal is metallic, but not so for iron, which is ironic |
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I really don't get why most people feel like the fate of crypto or bitcoin rest on who ever sits on the presidential seat in the white house, for God sake bitcoin is decentralized digital currency which means it is not controlled by any government, so it has nothing to do with either Biden or trump, the only currency that has anything to do with them is the US dollar "$" and not bitcoin, cus it doesn't depend on any government, so with or without any of them, bitcoin will continue to prosper It is definitely more complicated than that The truth is, the decentralized nature of cryptocurrencies doesn't make them "decentralized" from people as it still comes down to people using or avoiding the use of crypto. So it does actually depend on who is in the White House as well as their attitude toward cryptocurrencies simply because their opinion greatly affects the thoughts and actions of millions of people (otherwise they wouldn't be in the House in the first place). Call it herd mentality or whatever, but it is real and shouldn't be discarded or thrown away |
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Even as fiat currencies and traditional institutions/economy continually plunges due to inflation and effects of covid-19, Bitcoin is on the road to cross it's ath, which shows btc rising strength and efficacy as a reliable investment and reserve asset. See this excerpt, and what the billionaire has to say about fiat currencies: The billionaire shared a video captured in “a Latin country” depicting banks throwing out garbage bags filled with paper money into a dumpster. He asserted that “paper money is worth nothing,” adding: “That is why it is always good to diversify our investment portfolio.” When I read such things, I feel revenged (well, sort of) The point is, not so long ago I posted an article about the confluence of a number of factors which is required for cryptocurrencies to succeed (here's the link, for your reading pleasure). There I posited that we need fiat currencies to devalue massively across the board in order to turn crypto into an attractive payment option. This is not the only factor (read the article), but it is one of the required ones, and things are certainly evolving in that direction. Some posters strongly disagreed with my train of thought, and I'm curious if they still do |
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Let me quote some guy from Twitter who is allegedly familiar with this note from Fitzpatrick (I looked through the thread and didn't find anyone mentioning his twit yet). So here it is ( link): This kind of technical analysis is of little value. There is no edge in guessing targets so far in time with TA. All we know is that price is likely to continue going up, and a lot.
But readers loves this. What matters here is Citi's clients being exposed to the bitcoin moon I think his reply sums it up pretty well |
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Blockchain technology in itself is big so for your ideas it may work but maybe it may not. Like when you said the idea about "fan tokens" I think that this might not be an effective way or something useful for the fans to use for their football clubs what I mean they already have ways to join polls in social media and also have a solid fun club to go with it, issuing something like this token might make them feel that this is some kind of gimmick for them Well, these are not quite my ideas I only looked into what already exists about blockchain tech in sports. You seem to forget that most fans have never been to a real game of their favorite team. In fact, many fans have not even been to the city or even country of their passion. For example, European football is very popular in East Asia, so how can fans from that region interact with the club if they are thousands of miles away? Blockchain is capable of making this distance shorter, in a way, and also facilitate that feeling of belonging much better than social media presently does But for the use of blockchain with regards to improving their system like what you said with the ticketing issue and how to avoid scalpers I think this is one of the most effective ways of applying blockchain technology Yeah, that seems to be a very interesting and important use case |
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Zcash halving incoming might not result to any break in price in terms of pumping. Zcash as one of the old coins around might have stayed for too long. So many new projects coming up with newer technologies to compete with Zcash.
I've never used nor traded zcash, any thoughts on halving influencing the price of it? of course if we look at the halving that happened to other cryptos, in general we have seen a positive impact on prices before and after, especially with what has happened to Bitcoin, and usually when other cryptos happen halving days it will certainly push up the price of crypto in the market , as well as with zcash, of course the halving day that occurs at Zcash will trigger a decrease in inflation, which will trigger a price hike which is certainly eagerly awaited by investors and traders who hold zcash Bitcoin halving has a noticeable effect on the entire cryptocurrency market But the altcoin story is quite different, however. With the only exception of Dogecoin perhaps, altcoins more or less follow the general trend set by Bitcoin, at least when Bitcoin goes down. In other words, the effect of halving is offset by the Bitcoin price dynamic, especially to the downside, and with a vengeance at that. It was clearly demonstrated with the halving of Litecoin. It only had a marginal effect on the price of this crypto, which was very short-lived anyway |
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The worse things are in the US, the worse it will be for the whole world in General, and BTC in particular Your reasoning is quite correct But your premises are quite shaky. That is to say, crypto won't be a lot better than the world around it, but what would make the world a much worse place than it is now? You essentially say that Biden is going to destroy the American economy (or substantially impair). But is this really so? Given the overall focus of Biden and his team (and party), I have concerns that the US economy will go down for the "common good of redistribution between rich and poor”. He is going to not only raise taxes on large incomes but have desires to restart the notorious ObamaCare and God knows what else. All this will cost both a lot of money and a lot of reputational risks Let's wait and see. But personally, I don't think that the US economy under Biden will be much worse (or worse at all) than under Trump I have already said many times here and I will say again that until today's community wants to live with cryptocurrency as "real money" and not as an investment, then there can be no question of any mass adoption I support this view It is actually pleasing to see that more and more people come to understand that it is not merchants that are refusing to accept cryptocurrencies but rather the crypto community that doesn't want to part with their precious coins. But there is a hope for them too, and this is crypto payment cards once they start to cut it in terms of maintenance costs and commissions, that is, become as useful and convenient as regular ones |
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Don't share your thread, you did it already, and after scrolling trough 11-12 pages I didn't find any setting, just a lot of talk!  My username at wolf is same as here, so you can even send me message there, thanks in advance! You should understand the ins and outs of what you're doing, that is to say, get the hang, touch and feel of it. If you don't understand the basics, i.e. what makes something tick and click, blindly following someone's strategy is a recipe for disaster, in this case losing your balance. But there's a hope. Run a Dogecoin autobet session (I'm not sure if flashbet will do) with the minimum amount as base bet and set the odds at 50%, while the increase on loss small enough to successfully survive, say, 50 losses in a row. Run this setup for 1M times (it will probably take a week), and then you will see with your own eyes how it is possible to beat the house edge. Then come back here and show us some stats And remember, if something doesn't work, it is not my fault. If it does, it certainly is |
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