I've been allocating some savings to BTC. I keep seeing exchanges fall, and not your keys not your coin. I've been using the Coinbase wallet app. Is that safe?
If it is not a cold wallet which you own the wallet's private keys, then it will never be "safe". Coinbase wallet app is an "app". It is connected to the internet. App's can get hacked. Operating system's can get hacked. Plug-in's can get hacked. The only way to stay safe is creating your wallet when you are offline, preferably on a fresh formatted linux OS computer which don't have a wi-fi adapter on it and then writing your keys down on a piece of paper. If Coinbase goes down am I out?
That's how it works with the exchanges. They go down, you go down. I need to look into a cold wallet but for right now am I good?
Nobody knows what kind of crap you'll wake up to tomorrow. |
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So it seems September is the last month we will be able to mine Ethereum, what's next to do with our mining rigs? I believe Eth is the most profitable and Ethereum Classic is just trying to catch on, what do you believe in this stage? Can ETC be just as profitable as ETH.
ETC is an abandoned chain. It will never be as profitable as ETH. Sure, somebody somewhere is doing something on ETC but ETH has Vİtalik. ETC don't. So, nobody really cares about ETC. I think mining with GPU's will soon die because there isn't really a replacement for ETH. You'll have to mine shitcoins like ETC but for how long? It will be slow long death for the GPU miners. It is smart to leave the scene while you still can. You don't wanna hold them heavy GPU bags. |
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What are your thoughts on this moved?
A sad day for the bitcoin community. I wonder what made him do this. I mean he very well knows that bitcoin is going to make a new ATH in the future, so why step down now? $1b loss is a pocket change for a hedge fund as big as his. And did he close his position? Because if he didn't then he didn't lose anything. 1 btc = 1 btc. A hardcore bitcoin veteran like him should know this. I can't make sense out of this. Was he... paper hands? Was he full of shit? Maybe he didn't believe in our cause at all. That would be the saddest shit I ve ever heard. |
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The Covid is still here and we are still in a pandemic, I have a topic where Macau is struggling to keep their casinos open despite the spike in their country Macau's Casino Operation Continues Despite The Latest Outbreak What do you think if these countries or cities that totally depends on their casino for their revenue to keep the economy floating launch their own online casinos, there are already online casinos based in Macau or a country where land casinos are government-owned but it's privately funded what I mean is government-owned. Will they get enough support, will they get a huge slice of the market that is ruled by companies, they have the funds and they have the reputation because they are government who are more established and will be more compliant Their rates will suck against the private casinos but they will probably be safer as well. That's usually how it works with the government owned anything. It is a price you pay for extra safety. No decent country will do the same thing directly but then they don't really have to. Since the governments tax private businesses, it means they own a portion of every company out there. I don't think Macau is a decent country so I think they are free to do it.  |
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Most of the times these so called streamers are being paid by respective casinos to promote their casino.
It's their joint effort to show that the streamer is making massive profits while in reality most of us lose money.
It's a strategy being used by many companies and works out well. As a user we have to be aware and only gamble within our budget.
Yeah, streamers playing on casino accounts and might have a fixed game to show users watching the stream know what happened when they win, the thrill behind it. Full of manipulate so I have a very bad view of any casino being advertised by streamers. I don't even think so. It's not that streamers promoting the casino will always be a bad thing but yeah seeing how easy those scammers got max win will make people feel curious about what if they will get that max win. Maxwin was not an easy thing to be achieved and it's pure depend on our luck. I think that in this case it's not casino's fault. It's people's choice whether they wanna try that or not. There is a thing called "streamer luck" I used to play a hack&slash game where you hunt for items. A regular user can try to farm a certain item for 1000 hours and get nothing but then you'll see a streamer getting 2 or more in 100 hours. Then people found out that the game devs and certain streamers were in an agreement and cheating. It means the devs raised the drop rates of the streamer accounts. The same thing may happen with the casinos. You'll never know. Most highest rollers / winners boards you'll see on online casinos are fake too. It is a marketing trick. Lying works. |
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It's sad to see that so many attack happened with crypto. Decentralized bridged and wallets are not safe anymore. I saw a few days ago the hack happened with some bridged and this time it's happening with phantom wallet. Just wanna know how amateur those developers are. I think that it would better if any hacked cases that happened with the platforms and then dev must be sued to the court. This to make sure if they are working in what they can afford to make sure the security was safe.
The whole point of being decentralized was being safer than anything centralized… If a decentralized network can’t be safe then it means it lost its most important feature. Without safety, a decentralized network is damn worthless. Decentralized means it should work like clockwork without any human interference. Human interference may include any hack attempts, DOS attacks as well. If the system can’t protect itself from these kind of activities, then it is not working as intended. R.i.p solana |
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The only strategy you need when gambling is being lucky. Gather all the luck totems you got. 4 leaf clover, horse shoe, rabbit foot, lucky gold coin… whatever you got. Every little bit helps. The more luck points you got, the better winning chances you’ll have.
Without luck, any other strategy is worthless. After you boost your luck stats, you may even try using martingale. It will probably work this time. :d
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True. There are inly 21 million bitcoins in existence and most of them are lost. There are thousands of tons of gold out there. (~250k tons) Gold is way more common than bitcoin. Also mining bitcoin is harder. Bitcoin should be on the periodic table as a rare earth asset.
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The world is not what it used to be. The US isn’t the only big player now. If China invades Taiwan, the US will ignore them just like how they ignored Russia. I don’t think the US would fight even if Russia invades Poland.
Pelosi is a disgusting old bitch who cheats in the stock market. Nobody will miss her if she don’t come back from Taiwan.
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NFT’s may never die but may never live neither. Take a look at ICO’s. You can’t say they are dead but do they live? You call that living? NFT’s didn’t even have the impact of the ICO’s and now they are even in a worse shale than them.
Nope. NFT’s don’t need their own sub forum. Nobody will visit there anyway. The idea of NFT’s was dumb to begin with and now proven worthless .
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From what I've seen of you, as a cryptocurrency gambler you yourself have managed it well and you as a player on any gambling platform even in your gambling past have lost a lot of money as well. and maybe also because of your experience you saw the pros and cons here and that's why that pushed you to share it here in the forum that's why you made this kind of topic, and it's a good decision you made in this matter in honestly. Thanks a lot.
besides that, for me, gambling in other countries may be illegal and for others it is legal and whatever their reason is, they definitely have a good reason for it, and for me the influence of gambling is bad but I hope not led to the banning of this type of industry.
I know die-hard gamblers that travel internationally just because it is illegal to gamble in their home country. Banning gambling isn’t a solution. Those people will find a way. Some of them are not even rich. They just live near the border of a gambler-friendly country and visit them when they gather enough money. Of course they always return empty handed because that’s how gambling works. |
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This will never happen because there will always be more gamblers/traders than long term investors. He exchanges are casinos and the traders are gamblers. The casino/house will never go out of business because they will never run out of gamblers.
It is sad but also the truth.
Crypto itself being used as casino tokens in (real) online casinos and that’s crypto’s best and most used feature.
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Stable coin and trust shouldn’t be in the same sentence. UST was trusted too… then it lost its peg. The same thing may happen to any of these stable coins.
People see them as risk-off assets and park their money there but in reality stable coins are way riskier than the crypto currencies.
I would rather keep my money in btc than keeping it is usdt.
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I don’t understand why would a crypto casino owner want to deal with paypal, visa, bank wire, western union etc.
It don’t make one bit of sense to me. All you need is a working crypto deposit/withdrawal system.
Simplicity don’t mean “less”, it means “more”
First of all you won’t have to get in trouble with setting up all those fragile/complex systems which cost lots of money, second of all the government will not bother you because you are not dealing with FIAT.
It is a win win. Just accept crypto and you are good to go.
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Centralized finance problems…
However, I think both decentralized and centralized finance have their use. You just need to know their limits and when to use them. In your example, you didn’t know about that stupid law and that’s why you became angry. If you knew, you would have tried it.
Decentralization isn’t perfect or suitable for everyone neither. Like I said it is not one or another. You just need to use the necessary one when you need it. Banks are mostly dumb but we still need them somehow.
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Very possible. Elon will probably tell the jury that twitter tried to scam him, their active user numbers were all lies, it was all bots etc. That’s a smart way to do this. And he is probably right about that anyway. Twitter is a shithole and it is not that hard to prove it. He’ll cause the maximum damage to twitter. They were already in trouble even before Elon and this is going to ruin twitter even more.
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You don’t even have to invest in bitcoin or trade it to benefit from it. You can just collect payments and convert them to your local currency or buy whatever you want with them. Many freelancers and business owners do that.
All you need is a working bitcoin wallet. You can do this with your phone or computer.
If you want to invest that’s fine but you shouldn’t forget that it is a very volatile asset. Sometimes it backfires especially if you are going to need that money soon.
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But being greedy is the whole point of making trades. Buy low sell high, you and the exchange make money and where the money come from? It is coming from the pockets of the other greedy people.
Telling traders not to be greedy is like telling a fish not to swim.
Traders should just accept that just because they are winning today, don’t mean that they’ll keep winning tomorrow.
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Obviously people would buy some and add to their stash. It would suck for those who bought their coins at $60k but hopefully they didn’t invest more than they could afford to lose. They’ll probably lose their minds if they did so.
$1000 would be godsend for those who missed the train. But it is probably not going to happen. It is a price from 2014-2015 era. I don’t think we can go back to that anymore.
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Depends.
Also irrelevant in the long term because bitcoin always makes a new ATH every 4-5 years.
I remember not so long ago when btc was at $40k’s, people were praying for a big drop. $20k’s looked so impossible back then. And here we are, a wild golden buying opportunity just appeared.
May it go even lower? Maybe. Is it worth waiting? Hardly I believe because it is already very low.
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