Who else remembers the time time when they banned word bitcoin from youtube? Ironic, isn't it? And it isn't just Google either - we have seen a complete reversal in attitude from several influential global firms in regards to crypto. It's no surprise that investment is flooding into developing these gadgets, products and new services now that the crypto boom is in full swing. Google is not doing this because they like the concept of decentralisation - don't get it twisted. They are simply here to capitalise off potential profits while the bull market is still running. Wait until the bear market swings by and you'll see everyone's true colours. But hey, for now, I'll enjoy being able to get live quotations into my Google Sheets at least. |
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In my country every government during the election campaign have the statement we'll abolish corruption on the sports in the manifesto. Is this is common or I'm seeing this on my country. In each and every game, during the selection process bribe is being given. This has made several able sportsmen discontinue their passion on sports and do some routine job for their living.
Same as this is the gambling, more key players are involved with match fixing even after getting huge sum of money after every match winning/losing. Why certain sportsmen have such greed towards money when people are starving to have a single meal on a day.
It's unavoidable and barely detectable by the government, let alone enforce some sort of rule. The problem is much more rampant in countries where sportspeople are poorly remunerated and have to turn to match fixing in order to make an acceptable income. Pakistani cricket seems to be notorious for this. And that problem won't self-correct until the risk of getting caught is higher than the relative reward that these people get for match-fixing, or that the players involved get legitimately compensated better. No amount of regulation or outlawing will help so long as this illicit sector remains lucrative. |
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I don't think that trying to be rational in a market like this should be constituted as FUD. Except, of course, if one is making completely bogus arguments.
Markets are FOMOing hard still, especially with institutional investors who are not trying to cash in on the crypto boom.
I would be very cautious in terms of speculating at this stage of the bull market. Prices have the capacity to go up further (and probably will, given the historical returns of BTC in bullish environments), but the downside risk far outweighs the upside potential at this stage. Stay off leverage/margin and only DCA what you can afford imho, even after the recent recovery.
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I wonder if governments are still justifying their massive piles of debt with the excuse of "low interest environment therefore we don't need to worry about servicing costs on the debt" now that long term market rates on bonds have hiked again.
These are debt levels that have not been seen since WWII - and in some cases, totally unwarranted stimulus packages.
The result is highly inflated asset prices, arbitrary pump & dumps on random stocks, and a real risk of reflation gone wrong in the near future. You'd be delusional to think that this system is sustainable under this type of stress.
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Like others, I'm surprised that there is no mention of PrimeDice.
Even though Stunna's main project right now seems to be Stake.com, PD back in the day was JD's biggest rivals - and they were probably getting more users on a day to day basis compared to a small circle of JD bettors.
I still vividly remember when PD3 came out, that stuff was pure hype.
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Well, I'd consider this pretty good news for Russian crypto enthusiasts.
It is completely unrealistic to expect authorities to treat bitcoin as some sort of tax haven. A mature tax code where holding BTC is non-taxable and a reasonable CGT is charged should be welcomed.
Also implementing a mechanism to avoid double taxation on BTC as both a good and an asset (VAT + CGT) is essential as well - though I'm not too sure about whether or not this is already an element included in the proposed bill.
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There’s a topic debating that institutions are manipulating the market, and will “destroy Bitcoin”. I have a different narrative.
While it’s great that Elon Musk and other companies are HODLing bitcoin, but don’t you think that there is more into their FOMO, than profit? Are they actually hedging against the current financial system? If the answer is yes, are they expecting an major economic crisis after the COVID-crisis?
To an extent. I think that it is shallow to say that these large tech corporations are simply speculating. It would be super inconvenient for them to carry these assets on their balance sheets if their sole goal was merely to make a quick buck - just for instance, all the disclosure requirements to shareholders are going to hurt their potential profitability since it makes it easier for markets to anticipate their next moves. So yes, definitely an element of hedging against a fiat collapse here, even if they don't want to admit it readily in public. |
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It's a very stupid position for banks/the Nigerian regulators to take.
They are literally shoot themselves in the foot in so many ways:
1. They lose out on a ton of transactions that could potentially be sources of fees/commissions
2. They get a bad rep in the crypto community and lose out on foreign business FDIs
3. They are essentially rejecting any possibility of doing proprietary trading/using BTC as a store of value themselves.
But hey, at least they are refunding the balance.
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Other than bitcoin price going up, transaction fees have also gone up which makes bitcoin gambling expensive and unattractive atm,if I must say am actually gambling less these days.
And because of what's happening with bitcoin prices, We have been left with no choice but play with other coins like ltc,tron ,dash, usdt trc20 and a whole list of coins that won't break the bank.
There is also an issue of casinos pegging your balance to USD value upon transaction getting confirmed which makes it pointless to use btc as you lose out on an soaring prices of BTC.
I agree - which is why bitcoin casinos/sportsbooks have increasingly their marketing strategy to target the wealthiest whales by having VIP programs, individual hosts, and all that. If you are just a regular Joe wanting to have a night off on Friday and do a bit of dicing, BTC is no longer the way to go. You are much better off using ETH/Doge/LTC to keep more of your winnings and lose less to blockchain fees. But I disagree with the second part of your statement. It is not all bad that casinos are pegging deposits to USD, even though I personally dislike it. You would be hedged against any adverse movements as well as positive developments, which is something that appeals to certain players. |
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I don't know the exact percentage, but most of BTC is owned by a few.
So logically, BTC can never become a store of wealth for the masses.
BUT if BTC cannot serve as storage of wealth for all and neither as day to day currency due to very slow and increasingly expensive transfers, what role will BTC play in the future?
I honestly think that it will become a billionaire's toy in the future and coins like XLM which offer incredibly fast and inexpensive transfers, will play the major role in the financial day to day transactions.
So I believe that the people who have just started to invest in crypto should consider these other coins and forget about bitcoin.
If the world will accept crypto as currency, it won't be BTC.
Your argument does not make any sense. By your logic, the only way to have a long term store of wealth is if we had a completely socialist currency that is equally distributed? How would that even work? And when someone transacts, doesn't the equilibrium get disturbed? Again by your logic, the whole store of value would fall apart because wealth is now disproportionally allocated? Just look at gold, silver, etc. which have been stores of value for millenniums now. What they have in common is natural scarcity that can't be manipulated by human intervention, even though their distribution is highly unequal and skewed as well - and that is what makes BTC a good store of value in the long run. |
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Great list - really well formatted and super helpful for any new players.
I just had a few suggestions:
1. It would be good to list sportsbooks that don't have a forum account. Even though they are probably less legitimate, it's good to have a greater variety to choose from.
2. Perhaps include a rating system that gives a score out of 5 for each sportsbook?
3. Please do include a withdrawal fee column and state if they have any free withdrawals on a regular basis (e.g., some offer 1 complimentary withdrawal per month)
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I just checked my Metatrader charts today (in fact I use for analysis on crypto currencies majors)
Bitcoin has made a huge dip...
Some are wondering how deep this correction will dive...
Since predicting the market is all about probability I think the best time to buy is now 47,000- 43,000 range...
If you check it on the 4 hr timeframe, there was a resistance there before it broke out on the 12th of this month....
And if you are an experienced trader... A broken resistance always turns out to be a support...
If you want to buy....
Now could be the best time.... Am like 90% sure of that
My post is open to scrutiny....
Drop your suggestions!
A classic example of misrepresenting TA as some sort of crystal ball into the future. Looking for patterns in a graph simply won't help when the macro trends are against you. I'm not saying that they are though. I do think with the current level of institutional participation and market fervour that the FOMO will continue until at least the end of the year. I just don't think it's a very bright idea to "buy the dip" every time because of an iffy "resistance" or "support" level that may or may not exist - it is much safer to approach the analysis from a fundamentals perspective. |
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And ironically, Nigeria is the country with the biggest crypto growth over the past year or so.
The central bank can do all it wants in terms of trying to restrict access to BTC. But when every trend is pointing towards mass scale grassroots adoption, there is really no way of doing so effectively and in an enforceable manner.
As you said, people will simply move to OTC and P2P as opposed to trade on regulated exchanges. By restricting access, the central entities are simply shooting themselves in their own feet as they are forgoing millions in potential taxation revenue.
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Hello,
I used to have a wallet on Xapo, it's since 2014 when faucets were popular back then. I managed to recover my account after a quite tiring process, due to their lack of support mostly. After logging in successfully, I was asked for verification, provided my driver's license, a photo of myself and a bank statement from Revolut (It was the only one I had in handy).
After a while, my account was blocked and this is what I received, "Unfortunately, due to compliance or regulatory reasons, we can no longer provide you with our services.". That's it, I cannot even login to my account, which has a balance of a few mBTC. Just like that, I am blocked and haven't even been told why.
What can I do now? Probably nothing I guess.
The dust amounts of old are now actually worth something. And I can imagine how infuriating it is from your end. The onus is completely on Xapo to give you a full refund of your balances. You have provided the necessary docs as far as I can tell, and even if they decide that they no longer want to offer an account to you, they are obligated to pay what they owe you. Keep contacting their support and do let us know what occurs. But my personal experience with their micropayments (as well as the experiences of many others) would say that their response times are likely going to be quite crappy, and they'll probably try to avoid the issue now that your few mBTCs might be worth hundreds of bucks. |
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This will definitely set an important precedent for the rest of the world.
Other countries will now use this as leverage against Facebook to try to force them into paying for content - especially with the powerful lobby of traditional print/television media that they still hold.
Also, perhaps this will trigger a mass selloff of tech stocks (which has already started to happen for FB over the past month or so). When people realise that these legislations will affect much more than just FB, we could see the unwinding of the entire tech bubble as a matter of some certainty.
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What's interesting is that
a) They are not conducting a IPO and
b) They have no physical HQ address on their prospectus.
Essentially, this is a direct listing that will allow the owners (Armstrong and co.) to sell their shares probably at exorbitant valuations. With crypto exchanges being one of the easier financial markets for new businesses to penetrate with very low entry barriers compared to traditional high finance, it would be a risky equity issue to hold for the long run imho.
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I can confirm that the welcome bonus is legit. The catch here is you won't be able to withdraw it immediately. You will have to bet and reach the minimum amount of BTC0.0005. It's not a bad deal for testing the platform I guess. Other rules for withdrawal according to the website: - Players are allowed 1 free withdraw per week.
- More than one withdraw in a week is .0002
Let me add to the call of lowering the 3% charge. These are actually really favourable terms. Underrated promo imo. Most other sportsbooks/casinos don't even offer a free withdrawal (especially with fees this high in terms of fiat), and their "free" bonuses require up to 100x bet rollover before you are able to withdraw it. 5x is very manageable and the site itself is pretty attractive imo. I like the semi-retro/minimalistic look to it for sure. My only concern is that given the young age of the platform and the competition in this area, the site might struggle to find a lot of liquidity for the markets that they offer, especially in more niche sports. Perhaps getting some market makers to get the ball rolling would be a good idea here? Just my two cents. |
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I think so.
With the hype surroundings cryptocurrencies it seems as if people have forgotten that precious metals are still a very useful long term hedge against inflation as well.
Even though the narrative right now is that bitcoin and other cryptos will become long term store of values, when a correction hits BTC markets people will likely overreact and revert back to gold/silver as safe havens for a while.
So yes, if you want to hedge your Bitcoin bets, having PMs in your portfolio will be very effective and much safer in the long run compared to having fiat - which will imminently depreciate.
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What we should learn is that markets are incredibly irrational, and there was no reason for them to jump on the bitcoin bandwagon just because Elon Musk tweeted about it.
The retail adoption that bitcoin is getting right now is mostly from these people who don't necessarily want to adopt BTC over the long run. They are not thinking for themselves, and they are going to be the weak hands that will get flushed out of the market when the imminent corrections come.
As a side note, I also wonder if the SEC is eyeing Musk right now as someone who they can potentially prosecute - it clearly seems as if he is going a bit far with the influence that he has over markets.
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Pretty normal considering the excess froth in the market.
I do believe that prices are somewhat inflated right now and the market action is dictated by mostly FOMO rather than any sort of logic or sense, but that doesn't mean that I don't believe the bull market will continue on further - it likely will given the average length of past bull markets acting as an anchor for market expectations, which becomes a self-fulfilling prophecy.
For long term bagholders this should barely concern you. These short term fluctuations do not improve BTC's fundamental usage case as a store of value whatsoever. For short term traders who are in the green, perhaps consider starting to deleverage while you're ahead.
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