Atari, the legendary entertainment company behind Pacman, has announced plans to launch a cryptocurrency casino with new partner Decentral Games. The Atari Casino will be built in a virtual gaming district in the Ethereum-based Decentraland metaverse. The gaming district, known as ‘Vegas City’ will be host to Atari Casino on an initial two-year deal starting in May of 2021. The virtual Atari Casino will feature Atari-themed games and Atari non-fungible Tokens (NFTs). Players will be able to play games using MANA, DAI, and ATRI (Atari) tokens. Prizes will be offered in Decentral Games’ native token $DG. Players who earn $DG will be able to use the tokens to get involved in the running and management of the casino. That is pretty awesome news, but I really can't see how exactly this will become mainstream. Crypto gamblers operate under a particular niche of convenience, anonymity, and liquidity. With a completely separate NFT as a medium of exchange, as well as a not very accessible game mode, this will probably just end up being a fad that will quickly fade into obscurity. But this does signal once again the mainstream adoption of crypto - that can't be disputed. |
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The 5% product is almost always oversubscribed, and the 1.2% one provides an absolute joke of a return.
I think that if you were to trust a centralised entity anyway, you might as well do margin lending on major exchanges as opposed to invest on Binance - you are likely to get at least 7-8% p.a. returns if not somewhere in the double digits.
Honestly, what seems more attractive to me than the BTC savings product is the USDT product - 6% p.a. is quite attractive by any means, actually higher than some of the p2p lending platforms even. Compared to only 1.2% on BTC savings, this product actually seems somewhat intriguing for the rewards that it offers, since you'd already be trusting a central institution in the first place by using USDT.
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Great discussion everyone!
I wasn't very clear about what I am looking for. Basically, I am trying to get involved with people who deal in crypto in general & looking for a good community of traders to discuss topics with.
I am not looking for signals or pump & dumps & I am not coerced easily by social media posts & such without my own research.
Where I live, I do not know anyone personally who is in the crypto space & not expecting to find anyone, anytime soon. Like @TheNineClub has answered, looking to build more personal relationships to share thoughts & more, so if anyone knows a good group of people whom welcomes anyone, that's what I am looking for!
Thank you all for the responses & hope to get to know all of you & more soon enough!
You're probably not going to find a trading community that doesn't have some sort of pump & dump/FUD element to it. There is just no way. Even when people seem to be professional (as they appear to be on Tradingview), they are just pulling TA out of their ass and using it to support their arbitrarily crafted investment thesis. Perhaps bitcointalk would be your best bet, then. The speculation community generally holds some truth amidst the chaos. I would advise you stay away from TG groups. |
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The scale is slightly misleading, but it does illustrate a very important point.
No longer is the BTC market dominated solely by speculators. There are individuals and institutions who look at BTC's long term usage case as a store of value, a more convenient alternative compared to precious metals.
Especially with the advent of a lot of custodial services for BTC, people are more comfortable with keeping their long term stash off exchanges.
Definitely a positive development - and expect this trend to continue into the long term future.
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This is quite interesting, but there is already a similar service called CryptoGamblersPub, have you heard of that?
If yes, then how exactly are you planning on differentiating yourself from their services?
Also, it'll be very hard to anyone not playing with dust to use this service. The risks involved in getting an arbitrary third party handling your coins is simply too immense for most people to take on for BTC amounts of more than 0.01 BTC.
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Definitely do not use 1xbit - they have a really bad reputation on the forums for a reason.
I have used Loot.bet and Buff.bet quite extensively and never had any problems. Their limits are pretty reasonable in the esports sphere, but obviously don't go out there and expect to be able to bet tens of BTCs at a single time - that is just not realistic.
Also check out some of the esports books that use skins/in game currency as units of account, they might have larger limits.
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I think that $50k will be a resistance level for some time to come.
People are a bit wary now after BTC failed to breakout to above $50k for a sustained period of time on numerous occasions. With the adoption of the digital-CNY starting, investors will also be more careful in terms of evaluating BTC's potential usage case as a global medium of exchange and reserve currency in the future.
But that's not to say that the bull market is now ended - support at $40k is just as strong, and we'll likely move sideways between this $40k-50k corridor for some time to come.
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The site took quite a while for me to load - did this happen to anyone else? My browser also lagged quite significant when I finally got into the home page. Not sure if the site is totally optimised  I really like the range of choice that you have on the games, but the UX is sort of ruined by the rest of the site's design. Please make some design changes to the font and whatnot at the very least. Also, if you don't have automated withdrawals from a hot wallet, no one is going to demand your service. That's just the state of the market. |
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Are you going to offer some sort of investment option (as your name would suggest)?
Or, is it sort of set up like EOSBet whereby the bettors "mine" by betting on your site and claim dividends that way?
You should probably make this info as clear as possible on your site.
But I really like the design of the site - it is quite exciting compared to other boring dice sites. Range of games is pretty good as well. The house edge is a tad high though.
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Hi everyone, I read some rumours of companies or groups offering services of betting on your behalf on matches in which the betting house got, for whatever reason, their odds wrong. A friend told me that he was successful in doubling his money, although the houses obviously close any account that looks suspicious. Do you guys know any of these services?
You mean arbitrage or exploiting mispricings due to system errors? If the former, then people have been doing this for quite a while now. But personally I do not think it is worth it given the fact that you're giving up control over your funds to some random organisation/person for very little potential return. If the latter, most sportsbooks have protections in place to prevent them from being liable to pay out mispriced odds. It's likely not going to be a very long term strategy given that they'll catch up to what the group's doing very soon. |
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Hi,
coinbase wallet app (not the trading platform, but the separate wallet app) recently introduced a new function that allows conversion between erc-20 tokens such as usdc, dai, etc..
my question is 1) does this actually get reported to irs like the trading platform does when you make a trade. I assume no since the wallet is anonymous, they cant really report it. 2) is this considered a tax event by irs? if i convert say from usdc to dai, it's just a 1:1 conversion, do i have to report it to irs
100%. Don't think that just because it's a 1:1 swap that it's not a capital gains event. Any time you dispose your coins for another altcoin and/or fiat, you are liable for CGT. You don't even need to withdraw the coins that you transact into for this to count as taxable - the trade itself triggers it. Whether or not Coinbase reports it is another story altogether. I suspect that they're not that fond of compliance, but you never know. They have your KYC/AML stuff for a reason. |
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I honestly don't think that is the case.
BTC prices have only moved in the positive direction since Tesla's announcement. It makes no sense for that portion of Tesla's $1.5b holdings (which is minuscule compared to their half a trillion market cap) would result in a 30% correction in their common stock.
I think people are just starting to realise that Tesla is insanely overvalued right now with a P/E ratio of nearly 1000 (for context, average P/E is usually about 20, overvalued is around 30). There is simply no stable cash flow to justify this absurd rally.
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The "FAANG" (Facebook, Apple, Amazon, Netflix, Google) are now near a monopolistic position in their core areas and they are using it to make extra profits. But the are winds of war, e.g. Apple disallowing segmentation for Facebook and Google or charging in in-app purchases to third parties. Apart from Facebooks try with Libra, is there anyway they could start competing on the blockchain world? My take is that they should. Expect governments to fight back and reclaim some of the profits. Australia has led the way in terms of having a media bargaining code to mandate FB and Google to pay for the content they host on their site. Other governments will follow suit most likely. FAANG will fight back for sure, but at the end of the day they'll reach a state of compromise at the very least. Perfect competition is out of the question though, we are too deep into their monopolies for that to occur. |
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Hi guys, so I havent logged onto yobit.net for ages, just been HODLing my tokens. When I tried to log in, my 2FA didnt work. I got in touch with "support" but they just say they dont help with this anymore because they have been hacked a few times and no longer offer assisttance in getting back into your account if your 2FA doesnt work...what the hell? Nobody will help me there at all! How can they just keep my tokens? THEY were hacked and now I cant get access and its tough sh!t to me?? Anyone else have this issue?
They have a legal obligation to return your coins. The coins, after all, are still in your name regardless of whether or not your 2FA works. Although, since they are a completely unregulated entity, they don't have any incentive whatsoever to comply to the relevant rules and legislations. I think your only chance of recourse right now is to continue to go back and forth with their support. Keep creating new tickets - be persistent, expect the worst, hope for the best. Consider your coins gone for now by the absolutely atrocious track record of Yobit. |
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I am trying to buy on Coinbase Pro and it keeps saying "insufficient funds"?
My bank account is linked and I can sell but cannot buy?
Any ideas...
Does your bank have a block on crypto related transactions? If you have enough funds in your bank, and you are sure that your bank account is linked properly (being able to withdraw, I think chances are that it is), and it still doesn't work, it's probably something on the bank's side. Don't just contact Coinbase support only - also contact whatever bank you are with. Make sure you are not too explicit about the transaction being crypto related though, since you could alert them to something that they didn't even know of before and flag your account subsequently. |
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I'm pretty sure we all (or the majority) price Bitcoin in Dollars regardless of which
country we are in, I stand to be corrected on this though.
We are all certain that the Dollar and other FIAT are going to crash in the near future
or after we get to grips with this pandemic and financial aid ends. When this happens
we wont be pricing Bitcoin in Dollars.
What will we be using, Chinese Yuan?
or will we be pricing everything in Bitcoin?
In the foreseeable future, the USD is still going to be the dominant global reserve currency and the default unit of account for financial assets. But the CNY is going to be posing a real formidable threat. With the launch of the digital CNY, this process has accelerated. I suggest that you take a glance at Ray Dalio's piece on the CNY potentially becoming a global reserve currency - he essentially predicted that it would be a matter of time. BTC will and is already a unit of account for a particular niche of people, but until the fiat system implodes ultimately, this is not going to occur on a widespread scale. |
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TA like this barely matters when it's seen in a vacuum from the macro variables.
The level of institutional adoption is astounding and I don't think that is something that can be taken particularly lightly. IBs and just holdings companies like Tesla will provide a pillar of stability that cushions BTC against flash crashes that we've seen follow BTC in the past.
Does this mean I'm suggesting that there will be no retracing in sight? Absolutely not. But the fall will be much less aggressive compared to previous cycles for sure.
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Man, it's 2021 and people are still going for these cloud mining sites?  I suggest you take a look at all the past complaints about Genesis Mining and other supposedly reputable cloud mining sites. Their maintenance fees simply make things completely unprofitable even when BTC prices are hiking. You're much better off just holding your BTCs in a cold storage. If you are really ballsy and desperate for returns, go for a savings product. Don't ever use cloud mining. |
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Pretty much the same as the dilemma of whether or not you should hedge your bets when things are going your way.
Usually, using the cashout feature will yield you less Expected Value compared to just riding it out. There is a reason why sportsbooks would even offer you this liquidity in the first place.
This is why I always stick to my initial bet even if this was to be offered as an option. Even though cashing out early may work once or twice in the short term and you avoid some losses, in the long run you are going to get killed by the negative EV you incur.
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Perhaps you'll finally be able to crack the on-chain gambling niche that Chain-bet hasn't been able to do for years. I really like the
But yes, 1.9%/0.9% fee structure seems a bit tough on the players considering the fact that other similar services are offering as low as 0% house edge on their games. Perhaps consider lowering that a tad.
I also would prefer a degree of flexibility when it comes to the amount I buy in at, perhaps something similar to CSGO Jackpot games. Is that something that is on your to-do list?
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