What paypal is doing is simply a version of what derivatives and CFD exchanges offer.

I personally think that this will not necessarily have a great impact on markets - Paypal would still have to comply with certain regulations that require them to hedge their positions, meaning that they can't simply create positions out of thin air to manipulate the market.

But at the same time, I am worried that people will miss the point of cryptocurrencies altogether - it is not primarily designed to be a speculative vehicle. But the way that Paypal and others are framing it eliminates the underlying technology of blockchain altogether, meaning that BTC is no longer transactional. That should be worrying but we can't do anything to stop private companies from offering these products.

What does the legitimacy of the casino have to do with SoftSwiss?

You could make the argument that SoftSwiss is not the best gaming software provider, but to generalise all casinos with SoftSwiss games to be scammy is just untrue.

SoftSwiss does not control the legitimacy of the casino who is using their license - as long as they get paid, they will be fine with providing them with the service.

All you need to do to guarantee (somewhat) the legitimacy of the site that you're playing on is to check their bitcointalk rep - usually, the community is very good at weeding out the scammy ones. Don't try new casinos that have no ratings - it's as simple as that.

Only somewhat.

The fact is that the odds provided by the market already reflect a very efficient estimate of the probabilities of the outcomes. It is very rare that there will be a huge underestimation/overestimation of the odds of a particular outcome by the market.

In fact, knowing your sport/team could introduce an element of bias that could negatively impact you.

So unless you are a professional tipster with rigorous modelling, it barely matters whether or not you know the sport you're betting on imo.

Yeah, definitely expect some profit-taking at the $40-45k level.

But I think it should be pretty much guaranteed at this rate that the $50k resistance will be breached.

Market is in full FOMO, with institutional holders going strong and big-name players who have increasingly endorsed cryptos. It will be hard to see the bull market discontinue even if in the short run there may be a correction or two coming our way.

That's very interesting.

It seems like that Binance is no longer trying to target the grassroots level traders. As they've matured, they've moved more towards catering for whales and institutions. Their OTC service just reinforces this further.

It's honestly great to see that they are still remaining innovative and competitive, though. The worst thing that could happen to any market, crypto exchanges included, is if one single firm becomes large enough to capture customers and corner the market simply because of their monopoly and influence and not based off merit.

I've always used a VPN when using Binance.

I don't think that it's against their ToS as long as you are not creating multiple accounts or circumventing a country ban - but even if it is, why would they care?

Their business model is literally based on the idea of getting as many people who don't want to do KYC to join as possible. Trying to ban VPN use is like shooting themselves in the foot.

Why does this matter?

The answer depends entirely on the house edge that the player plays on and his luck on the day. Just because someone hasn't hit 40 reds in a row doesn't mean that it won't happen probabilistically.

I've personally only seen around 17-18 reds in a row at max for 50/50, but I've heard stories of way worse. Remember that you cannot "plan" your bankroll to absorb these losses and expect to turn a profit by using martingale - your EV at the end of the day is still the same.

It doesn't matter.

The uncertainties and trends that you talk about are all mostly priced into the odds that you get, so that at the end of the day you are essentially getting around the same value on each of your bets.

This is unless you have some sort of model/insight that allows you to consistently beat the betting market at a particular phase of the season. But I highly doubt this is the case - so really, just bet whenever you want during the season. The expected outcome will be the same.

I just had two questions after taking a look:

1. What role does Coinspaid play in terms of handling deposits/withdrawals? Can we still deposit/withdraw to regular bitcoin wallets or would players have to get a hosted wallet at Coinspaid in order to handle transactions with your casino?

2. What wagering requirements are present for the 150BITCOINPLAY welcome bonus?

Thank you!

A bunch of CSGO gambling sites (they're called csgo but really they only accept cryptos and fiat these days due to the Steam ban) still have this. E.g. CSGOAtse off the top of my head.

Duelbits also has a nice animation attached to its dice duels, but obviously they don't have an actual dice rolling.

I'm not sure exactly why you would want to play this game though. Sure, you get good animations and perhaps you like that, but you are literally sacrificing up to 5% of your RTP/EV in the long run which means you lose money a LOT faster.

It only matters for games where you can actually gain an advantage in - e.g. Poker, Blackjack etc.

For instance, I watched a lot of Blackjack Apprentice videos and found it to be super helpful in terms of bankroll management and dealing with heat. Similarly taking poker masterclasses can give you an edge against other amateur players for sure.

But when it comes to sheer games of chance such as dice, then no - there is absolutely no point on taking courses from the so called "experts". They're not going to give you an edge whatsoever and could probably charge you exuberant amounts of money for their lessons.

They can obviously go after the founders of projects.

But what the SEC is not capable of ever doing is try and restrict access to/regulate the blockchain itself on which the coin/token is hosted.

In that sense, decentralisation still holds. But of course, alts have varying degrees of centralisation and you'd have to evaluate them on a case by case basis. For instance, if the SEC decides to crack down on more centralised coins such as XRP, their markets would be much worse hit than something like Monero which is a lot more decentralised both from a development and community standpoint.

Not really. It's important to distinguish between real and nominal growth here.

Asset bubbles may trigger a short term increase in nominal wealth, but rarely does it translate into actual long term economic growth let alone development.

But that doesn't mean that bubbles are unnatural or even negative - it is a completely natural part of the human psyche to overreact to good news. In fact, assets which experience bubbles generally have at least some sort of underlying fundamental value and rapid price increases can often draw mainstream interest to it (think BTC in 2013).

If it's actually a small amount, say <$20, then just forget about it.

I think that you're going to find recovering the coins a huge hassle that is probably not worth your time, unless you actually have a sizable balance. You can probably earn back elsewhere the amount that you have in there with less effort.

But yes, go ahead and contact support if that you're serious about retrieving the funds - I'm 80-90% sure that they won't be a**holes and reject your request given their reputation, even if you are in a forbidden state. No one on the forum is going to be able to help you since LBC does not have active support agents here on the forum.

I'm not sure about other subforums, but I've been noticing this activity drop in the lending section for a long time now.

I feel like a huge reason is because people are simply no longer able to make microloans feasibly with BTC being this high - average tx fees would eat into the loans pretty steeply (think lending 0.01 BTC @ $400/BTC v.s. 0.0001 BTC @ $40,000/BTC).

Another reason is that forum trust has been diluted to a great extent. Previously, hero members could get no collateral loans easily, but now, even the highest ranking accounts will struggle to get any sizable loan without collateral. Perhaps lenders have matured and tightened their lending standards, but I think the abundance of high-ranking but not necessarily reputable users is to blame as well.

Again and again the RBI seems to come out with these absurd proposals that will have absolutely no means of enforcement.

We've been through this saga with China, India, Pakistan and a bunch of other countries that have attempted to regulate (i.e., ban) BTC to various extents. But none of them have worked - the decentralised nature of BTC at its core means that it has no central point of failure.

If, and it's a big if, the bill does get passed, then there may be short term panic. But I simply do not think that it'll affect either markets nor BTC fundamentals in the slightest in the medium to long run - people already know the Indian government's stance on BTC a long time ago, and they also know that any proposed law of such kind will not have any practical effect other than wiping out domestic regulated bitcoin businesses (the majority of which have already relocated/closed).

And you're right. Institutional investors are simply going to strengthen the long term long positions that exist within the market.

There are a ton of demand for BTC as a store of value, away from the imminent fiat collapse. And leveraged shorters will definitely be a lot more careful now that they've seen what mass retail interest can do in terms of inducing a short squeeze (think GME and silver more recently).

This is why I feel very confident in the $20k support holding - there are simply too many long term bulls, as you said, for the markets to move meaningfully downwards in any sizable fashion in the medium to long run.

This is the reason why I think timing the market is completely futile.

It's hard enough to try to time peaks and troughs in a normal market, let alone in a time where market participants are all irrationally geared towards FOMOing.

And this actually screws up your mindset, believe it or not. Once you sell off your position and fail to get back in at a lower price, you may be tempted to re-enter your longs at an even higher price.

These are hallmarks for disaster and I would not recommend doing this. Buy low and sell high in the long run, yes. But short term markets are way too volatile for anyone to try to day/swing trade without rigorous quantitative analysis.

Can you see the missing transaction on the blockchain?

If not, then it is more likely that the person who sent you the funds is not legit and they're trying to scam you. I've used Coinbase extensively and never had a problem with receiving coins (although there are often delays with sending coins).

But you should know that Coinbase is notorious for having one of the worst support systems out there. You should pretty much not expect a reply any time soon, although you should keep trying. This happens every time there is a bull run and there is an influx of support tickets. Their CEO has said previously that he'll prioritise fixing this system, but it's been all talk as you can tell.

I see. Thanks for clarifying.

I can understand where they are coming from being primarily a fiat based casino, but I would honestly much prefer it if everything was kept in terms of BTC/other deposit cryptos.

As you said, it would be very tough to tell whether the rates that we are getting as customers will be good or not, since the market fluctuates so much even in the minutes in which the deposit is getting confirmations.

But hey, this is their business and they can do whatever they want. Just my two cents.