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1201  Economy / Exchanges / Re: Is it possible to create multiple accounts at binance ? on: February 01, 2021, 10:55:30 PM
Is it possible to create multiple accounts at binance  or is there a feature where we can have sub accounts under the same account. This is required to manage different portfolios within a same account.

According to their ToS, you're not allowed to have multiple "main accounts" as others have stated.

But from a practical perspective, I have never heard them shut down an account just because it is connected to another existing one in their system. I've heard plenty of people who have opened multiple accounts to circumvent the 2 BTC limit (although now with BTC prices so high, that should be more than enough for the average retail investor).

Just be careful if you are going to do it - don't keep anything on balance and get your money in and out quickly. This is not illegal by any means, but if Binance do decide to crack down and enforce their ToS stricter one day, your account may be suspended or whatnot.
1202  Economy / Gambling discussion / Re: Dice games on: February 01, 2021, 10:42:11 PM
Nope.

You simply can't gain an advantage at dice because each roll is an independent event from the next - which means that you cannot possibly derive a strategy that would lift your RTP let alone get it over 100% in the long run.

The only way that you're going to lose less on dice is if you were able to join a cashback scheme that gave you a percentage back of every bet you make. Note though that you lose less, you don't win more.
1203  Economy / Speculation / Re: Best way to sell in 2021 — to buy more on the bear on: February 01, 2021, 10:37:20 PM
Hello there,

I'm considering cashing some BTC to fiat to buy more BTC after the bull (I'm targeting to buy again at USD 15~16k).
What it is the best way in your opinion to cash Bitcoins in 2021?

Thank you!

I'd suggest just holding it out for now, if you are not trading with leverage/borrowed money.

The fact of the matter is that the sentiment right now is very bullish, with much improved fundamentals from an institutional and retail perspective. And with all the excess liquidity sloshing around the system, it'll be inevitable that mass FOMO on the retail front will break out soon, supported by strong institutional demand.

Selling now with the mindset of buying back later is dangerous in that you're very likely going to be falling into the trap of selling high and buying even higher. Sure, selling now could work, but make sure you DCA your buys afterwards and don't try to time the market.
1204  Economy / Gambling / Re: 🍀➫ ➬ ➫ ➬ 🚀 SatoshiHill.com 🚀➫ ➬ ➫ ➬🍀 on: February 01, 2021, 10:28:22 PM
Quote
Best paying referral program: 5% Referral Commission

Are you talking about 5% of total gambled volume or 5% of the house edge?

How is it even sustainable if it was 5% of total volume? Unless you have a 10% house edge on your game, it's literally going to be shooting yourself in the foot.

If it's 5% of your house edge, then this is a lot worse than a lot of the major players. Most casinos offer at LEAST 10% and I've seen legit dice sites which offer up to 50% revenue share with affiliates. It is definitely not the "best paying" by any stretch of the imagination.
1205  Economy / Economics / Re: The GameStop drama and what does it mean for Bitcoin on: February 01, 2021, 10:20:24 PM
It's going to add some short term volatility to BTC trading, that's for sure.

But other than that, what people in WSB are doing has nothing to do with one asset in particular. The influencers are all trying to push their own agendas and using Wall St. vs Main St. as a front to orchestrate pump and dumps one way or another.

It's just that cryptos and bitcoin are going to be very easy targets as they are so accessible to retail investors. Again, for long term holders, this news means absolutely nothing.
1206  Economy / Speculation / Re: you know what they say about panic sells? "fomoulation" on: January 31, 2021, 12:58:02 AM
we've probably seen this pattern repeated hundreds of time in the past, and yet it happens again. people see some drops then suddenly the internet is filled with a lot of FUD and eventually a lot of weak hand traders dump in a mass panic scenario.
i'm not interested in that part since it can not be predicted.
what i'm interested in is what comes next, it may come after the bottom was reached or it may come after a lot of attempts to create lower bottoms but it will come. people will start a huge panic buy spree and shoot the price up creating a huge volatility.
we've seen it with $4k, $6k, $10k, ... over the past year and we are going to see it again with $40k this time.

i want to start a new FOMO-speculation here.
when do you think the FOMO will begin and how big will it be?

i think if nothing unexpected happens we can see it in mid February and the size is going to be at to least $55k in less than 3 days.

I think that it has already begun.

The $30k support region has proven itself time and time again, which is a very positive sign that reflects the strengthened fundamentals of BTC with a greater influx of institutional investors who are less prone to panic-selling.

I don't necessarily think that we'll see rallies the size of 2017 (percentage wise) simply because of how much more liquidity is required to move the market with such a high market cap. So whilst I think FOMO is already present and will continue to expand, we may not see a great deal of excess volatility in BTC price - which can be a good thing.
1207  Economy / Gambling / Re: **luckygames.io is closing soon - withdraw your funds now** on: January 31, 2021, 12:03:24 AM
Does anyone know how to get ahold of the admin for Luckygames I accidently sen Well let me rephrase My bitcoins were mistakenly sent to what was my old BTC wallet address at thar site because I had put it as my withdrawal address for Fortune Jack.  I can see the transaction on Block explorer and it looks like after being deposited there it was moved to another wallet So Im worried they might be gone forever.  If anyone has any advice or knows a way to help my I would aappreciate it.  I actually lost my Job unexpectedly Yesterday to top it off So I could really need the money now.   I sent 2 emails to support@luckygames.io 

The Wallet Address was 1H5TyPDwe7c5tRAoyqLU64fz6npVE7i8fk

Just reach out to them on all support platforms available. No one on the forum can help you here.

It's going to be tough though. The fact that the funds have moved is a positive sign that Luckygames still retains control over the wallet seeds, but they obviously doesn't have the most legit reputation out in the forum - they could use their closure as an excuse to not recover customer funds.

Good luck with this, keep us updated. I also wonder what % of balances have been reimbursed so far.
1208  Economy / Speculation / Re: Most dangerous Bitcoin monthly closing candle on: January 30, 2021, 11:47:06 PM
Bull market is nowhere near over.

If you look at historical trends, the bull market usually lasts around 1-2 years in the year following halving. We have just recently gotten out of an extended bear market, which would suggest that the bullish sentiment would at least continue until the end of the year if historical trends hold up.

Also, if you look at the level of institutional holdings at this moment, it certainly suggests that fundamentals have improved substantially which reduces the amount of market volatility, but also stretches out rallies.
1209  Economy / Economics / Re: Florida bank says it has closed Trump's accounts on: January 30, 2021, 11:20:07 PM
Quote
Could Trump's 1st response be to seek out liquidity in cryptocurrencies. Or would he be more likely to simply seek out other banks to do business with?

I doubt that he'll necessarily publicly endorse any decentralised cryptocurrencies.

However, I do think that once he exhausts all options in the traditional wealth management/banking route, he will be forced to turn to cryptos - just in private.

I would also not be surprised if he decided to create his own Trump token or whatnot. He does seem to be precisely the sort of guy to be doing that, although it would take a great fool to believe in anything of this sort coming from him.
1210  Economy / Gambling / Re: 🦺 BK8.com 🦺 Asia Biggest and Most Trusted Brand 👛 BTC & USDT 👛 on: January 30, 2021, 11:11:34 PM
Quote
Credit will be following each respective market. So if you Deposit by USDT or BTC, it will be auto converted to respective currency that you choose.

Does this mean that your balance will be stored in fiat, or is fiat just there as a unit of account sort of like Roobet (so your balance is still kept in BTC)?

This system does seem a bit clunky. I would suggest reforming it to cut out the fiat altgoether because it can get really confusing when BTC makes really big price moves and the player doesn't see the same effect on their balance.

Also, mixing bank transfers and BTC deposits/withdrawals seem a bit dangerous. Depending on the jurisdiction, this might not be allowed without a remittance license.
1211  Economy / Gambling / Re: 💰BUFF.bet | In-play| eSports| Sports| Casino| BTC, ETH and Litecoin accepted💰 on: January 30, 2021, 10:55:55 PM
Does this site have anything to do with the Chinese e-gaming trading site NetEase Buff or is it just a coincidence?

Really refreshing to see a site that is entire completely focused on the e-sports scene, though. Most traditional sportsbooks simply don't offer them or have really low limits.

Buff, my passport and a proof of address have been uploaded in the cashier. I hope you can quickly verify them and destroy them after this. I don't want any bookmakers to keep my files on their PC. Thanks

The whole point of a KYC procedure is for the site to keep your info - if they don't, then you might as well stay anonymous?
1212  Economy / Economics / Re: Ray Dalio: What I Think of Bitcoin on: January 29, 2021, 11:09:00 AM
Dalio is an interesting figure indeed. He doesn't seem to be fixated on the narrative of America being the dominant market economy for decades to come. Rather, he admits readily the downfalls of fiat, the imminent changing of the world order, and the eventual shift away from the USD as reserve currency.

This sort of realism is healthy in investing. You simply cannot make rational judgements on financial markets if you are totally deluded.

But yes, certainly refreshing to see this and he is completely right. BTC should be seen as a long term store of value and a hedge against an imminent fiat collapse - it makes no sense to compare it to tulips, the dotcom bubble, or more recently WSB pumps.
1213  Economy / Exchanges / Re: 2 BTC Binance limit on: January 29, 2021, 10:58:32 AM
I always had doubts about Binance, but I am surprised that they did not change their strategy regarding the limits of using this platform without KYC.
At today's price, 2 Bitcoin is equivalent to approximately $ 70,000 and about $ 200,000 a month, which is more than enough for anyone who wants money laundering or drug trafficking from one account.
Are they going to adjust those limits? Bearing in mind that the borders have been below 20,000 for a long time, and I do not think that any regulatory authorities will allow these borders.

It's a matter of time.

The regulators' attention is now turned away from the crypto space into retail equity apps like Robinhood, and this distraction could well mean that there is a slight delay in Binance being pressured into decreasing their limits.

But of course, Binance would want to keep it as high as possible for as long as possible so that they maximise their trading volume - which is how they make money.

So essentially there are two forces at play here, and right now, the latter is dominating. I actually don't see it changing in the near future (say this year), but it's not sustainable.
1214  Economy / Service Discussion / Re: FreeBitcoin deposit interest on: January 29, 2021, 10:52:19 AM
I hope that this is the right subforum.

I've stumbled upon FreeBitcoin, and it supposedly offers 4.08% interest for keeping your Bitcoin there. The interest is paid on a daily basis.
Supposing you deposit (1) one Bitcoin, you'd receive the following:
DAILY INTEREST: 0.00010958 BTC
MONTHLY INTEREST (30D)0.00329289 BTC
YEARLY INTEREST (365D)0.04080505 BTC

Considering the rate as we speak ($31.400), that's $3.5/day or $104/month, ~ $1300/year. Not bad at all, Aye?
Supposing you have a decent balance, and you're a holder, would you make a deposit to take advantage of the yearly interest?
Do you trust this specific service? I only know that it has been around for quite a long time, I remember using their faucet many years ago, (it paid around 800-1000 Satoshi each roll. Good ol' times )

P.S. I am not promoting or suggesting this service by any means, this post is purely for discussion purposes.

Nope.

To earn any substantial amount of income from this, you need to entrust it with tens of thousands of dollars.

Even though freebitco.in is undoubtedly one of the longest standing sites in the crypto scene with a great reputation, there is no guarantee that they are going to continue to operate this way. AFAIK they have no formal regulatory oversight as a deposit-taking institution either (correct me if I'm wrong here), which means that they can run a fractional reserve with potentially no capital requirements.

So it's a super big risk of forgoing control over your own private keys for just a tad more money - it's not worth it in my view.
1215  Alternate cryptocurrencies / Speculation (Altcoins) / Re: No positive sign in LTC on: January 27, 2021, 10:43:59 PM
LTC had a small bullish movement with BTC being bullisj but after reaching $180 or close, it’s moving in the reversal way. Almost all the coins had good pump, but what's wrong with LTC? It has not risen, despite price has been decreased. Can someone put a theory behind this?

It doesn't take a genius to figure out that LTC is no longer a very in-demand coin.

Its selling point used to be that it has faster confirmation times and more coins in circulation - which means that the units of accounts are much easier to deal with.

But now, with ETH and other coins that are far better developed, have far better community support and a lot more hype, LTC has sort of lost the only competitive edge it ever had.

So essentially, its identity is stuck in limbo. It's doesn't have the first-mover advantage that makes it a long term store of value like BTC, nor does it have the innovative elements of newer alts with fancy smart contracts.

That's why it's hard for traders to hype this coin up. Even in a bubble, for a coin to pump substantially, there needs to be significant merit to back up the narrative, which is what is lacking from LTC right now.
1216  Economy / Services / Re: Anonymous crypto loadable bitcoin debit card - No KYC - Private Card Services on: January 27, 2021, 10:23:36 PM
Seems like a really good service, but I was wondering about your insurance:

Quote
- balance insurance of up to 500 EUR (equivalent) in case of unforeseen card blocking, caused by unauthorized actions of the nominee

Does this mean that as a client, we'd be protected from unauthorised transactions up to 500EUR? I.e., if the card is stolen and the balance is lost, we'd be insured?

Or, is the insurance for when the card provider suspends service only?  Huh
1217  Economy / Exchanges / Re: AdvCash question on: January 27, 2021, 10:05:06 PM
Hello! I got someone who want to buy Bitcoin from my using AdvCash. He is paying up to 50% more per 1btc and paying upfront to me. How can I get scammed on it? Can AdvCash refund funds to buyer? Or maybe he is going to use stolen CC?

Advcash is similar to perfectmoney in the sense that I've never heard of a chargeback case from them. All of their transactions are final, which is why a lot of people are willing to buy Advcash straight up with BTC.

But the 50% markup does seem a bit too good to be true. The guy could easily get +10% or less on spot just by using one of the exchangers listed on Bestchange.

Instinct tells me this is probably a scam, but perhaps not in the sense that he'll charge you back or use a stolen CC. He's more likely trying to do social engineering on Paxful support without actually sending you anything. I wouldn't risk it either way.
1218  Economy / Economics / Re: Trading Bitcoin in Africa Is a Way for Some to Escape Poverty on: January 27, 2021, 09:50:27 PM
Whilst I agree that BTC does indeed make speculation/trading easier for retail investors, is it really necessarily going to be in the interests of these investors in the long run to speculate and try to replace their income source from speculative activities alone?

I don't think that's necessarily the right attitude to look at BTC. Just because you have a finance/econ degree doesn't mean that you will be a successful trader - in fact, you're more likely to be overconfident and rack up more severe losses.

Sure, a small proportion of these people might be able to get out of poverty just by doing this - but that will likely be due to an element of luck more than anything else. I'd much rather see these people use BTC as a hedge against fiat and/or to store value for the long run, as opposed to mindlessly following market trends.
1219  Economy / Economics / Re: Are Cryptocurrencies Really Money? on: January 27, 2021, 09:38:32 PM
I remember Mike Maloney's definition of money that distinguishes itself from currency - and this definitely applies here.

Currency is any unit of account that is fungible/interchangeable, but also a medium of exchange.

Money has all the properties of a currency, except it is a long term store of value.

So in that sense, the poll is absolutely correct - since crypto is decentralised and not prone to uncontrolled QE that leads to currency debasement in the long run, it can be considered money. But I'd say that this only applies to BTC at the moment, as most other coins are still speculative and/or utility tokens.
1220  Economy / Gambling / Re: which are the safest sportbooks to play? on: January 27, 2021, 09:32:37 PM
What are the safest and most reliable sportbooks at the moment?

are there direct opinions of those who have won a lot and have always been paid?

Thanks for your help


Well, I've played on a bunch of sites and honestly they are around the same with respect to their reputation.

I think that you can't really go wrong with either Nitrogen, Betcoin.ag, or Stake. They have all been around for a long time and have paid out huge winnings without any issues (and their betslip grading are generally all quite fast as well).

As long as you avoid the known suspects such as Cloudbet, or others who tend to hold user funds regularly for KYC purposes, you will be fine.
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