Sometimes we see When the BTC High then Alts move slightly. So, what's the correlation of Alts with BTC?
Generally a positive correlation. But that is not to say that you can expect each individual alt to move in accordance with BTC markets. This used to be the case when the biggest alt out there was LTC (many years ago), but it is entirely different now. With the current market conditions, you have to consider each alt on a case by case basis. ETH and XRP are moving in entirely different directions - yet, they would both fall under the umbrella category of "large-cap alts". |
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Everyone expects a replay of 2017 so this would be a good way for the market to juke expectations. Think more like 2013 with a big peak early in the year and then a consolidation leading into another $200k+ rally at the end of the year. The current rally feels like it has too much momentum to be stopped before $70-80k.
Credibility? Not much but I bought my first Bitcoin in 2013 and I've been watching the market for a long time. Just putting it out there.
Interesting. I do think that we're already in the consolidation stage right now. The $30k support has been tested, but I do feel that prices can go down to even the $20k zone before another run up occurs. The good thing is that short term speculators with weak hands will be flushed out by this. But people do need to realise that just because BTC isn't rallying on a day to day basis, doesn't mean that we're no longer in a bull market. The sentiment is still overwhelmingly optimistic, and with much more strengthened fundamentals this time, it will be hard to see the bull market not stretching out for 1-2 years (which is why traders shouldn't expect daily action in the first place). |
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Yes, don't succumb to the FUD. We have and will continue to hear mainstream media continuously bash BTC and decentralised cryptos for their own reasons.
But at the same time, don't buy into the hype either. In a bull market of these proportions, there will be no shortage of individuals trying to influence you into buying irrationally.
Maintaining a level head whilst dollar-cost averaging your entries is key here. Be brutally honest with yourself as to what you are doing - are you speculating in the short run, or actually holding BTC for the long term where it can serve as a hedge against fiat collapse? If the latter, you should block out external noise altogether, FUD or hype.
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Hey guys  How has 2021 started for you? Any great wins? Did you find some new games you would recommend to others? Or maybe you read some good gambling article that is worth sharing? The aim of this thread would be to share your proudest and/or most interesting moments in online casinos in the past month. What do you think, would it be something you would contribute to so your fellow gamblers could learn from? Thanks, Karl Bitcasino.ioI actually took a look at a lot more live games in the last month - stuff like Crazy Time, Monopoly, lightning roulette etc. I never really touched them last year because I thought their RTP were going to be atrocious, but to be fair, they actually aren't that bad (way better than American roulette on average, at the very least). Of course, you wouldn't play these games too often, but the volatility that you get is crazy and I thought that sometimes these games are much more interesting from an entertainment perspective than something regular like Blackjack or dice. |
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Hi everyone!
Just wondering what might be the best way to earn more bitcoin if you have a bit and want your money to start working for you.
I do not want to risk losing my coins on centralised exchanges or anything like that.
I have been looking into Wrapped Bitcoin and liquidity pools and earning interest but seem to be getting lost in circles trying to find the right answers, perhaps there isn't a way to do it now whilst still maintaining your bitcoin on your ledger or trezor or whilst maintaining your private keys?
Woudl love to hear everyones thoughts or advice on what solutions there might be out there now?
Thanks heaps!!!
You simply can't do this with BTC sitting inside your own wallet. BTC is not PoS obviously. As others' said, if you're not willing to put your coins at risk in an interest bearing product (e.g., Binance offers some sort of hybrid bond, I believe), then you should start your own venture - you completely retain control as to where you want to invest your BTC in. But that has its own risks, although it's no longer a counterparty risk where the wallet/exchange you deposit your money on goes bust. But that's what you have to realise - the level of potential rewards is a function of the risks that you take in the first place. |
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I would like to deposit a small amount of Bitcoin for gambling purposes. I would like a few suggestions of websites that have you've used yourself and are trusted/safe to use for newbie gamblers?
Not interested in sport betting or anything similar, just something to try my luck and kill some time once in a while.
Obviously I'm biased, but Betcoin.ag is a good choice. They've been around for a long time, have a huge range of games you can mess around with, and have gotten a lot better on the customer service end with new management. But honestly, Roobet and Duelbits are also pretty newbie friendly. I wouldn't go and play more complex table games though (BJ, craps, etc.), unless you are willing to lose a bunch of money at the start due to the fact that you don't have the most optimal strategy down when you first start. |
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Seems like you guys have a better rate than Living Room of Satoshi, and also have faster service.
LBC rates are still somewhat better than what you guys are offering, though. What exactly sets your service aside from p2p alternatives apart from the fact that LBC requires 3 confirmations and you only require one?
On a side note, I really like the minimalistic design. I'll certainly try it out when I get the chance.
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If they have a mature regulatory framework in place, then sure.
If not, then how are they ever going to enforce a crackdown? The demand for gambling won't just disappear overnight because of a restriction the government put in.
In terms of the motivations, I don't think that this has anything to do with COVID. More likely than not, this is simply a way for the government to assert its control over the industry in order to reap tax revenues, which is fair enough to them - but they obviously need a better sounding reason than that.
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I honestly think that this KYC request probably a lot more benign than you think.
People get these all the time, including me, on a range of exchanges. Whilst it is a hassle, as long as the exchange that you are using is legit, ultimately you will get your money back.
The chances that they flagged your account for the exact reason you mentioned is incredibly slim imo. And even if it was, I don't think that law enforcement would have much of an interest in investigating a recreational case worth $60 or even $600...
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the tax cut was huge but I sure it certainly wouldn't piss him off. has anyone ever tried to play this and do you lucky?? I have always wondered why lotteries are allowed to do this. It's literally misleading advertising if you think about it - you are advertised a prize pool of $1B and when you actually win anything, bam. Half of that is gone and collected by the state. Perhaps it makes sense in countries where pre-tax prices are common, like the USA, but this is prevalent throughout every major jurisdiction I know of. But at the end of the day, these jackpots really don't mean much. Mathematics stipulates that given sufficient time there will always be a winner - at the expense of many others who have played a notorious -EV game before them. |
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For me, loading the second half of the list of 100 coins does take some time. But that's to be expected and I don't think that it warrants a complaint - so you are likely suffering from something else.
Try clear your cache and/or switch to a new browser. Does it help at all?
If not, then honestly CoinGecko is fine. They offer virtually identical functionalities.
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I've ordered from APMEX before with BTC, and it was shipped internationally. They did not hassle me with KYC, though my order size was around $2k~ or so, so a bit less than the $3k threshold that others are talking about for triggering KYC.
I have also ordered from KJC Bullion which is an Australia-based precious metals dealer that ships internationally. They accept BTC payments as well and I don't believe that they were using Bitpay when I last used them. I don't believe I provided KYC since the purchase was under $10k AUD.
But yes, as others said, if privacy is your utmost concern go with LCS's and/or P2P trades. Just make sure you verify the legitimacy of your metal, obviously.
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You're completely right, but this is why most collateralised loans aren't worth it unless they are
a) Very long term with a sizable amount of interest to the lender and
b) Beneficial to the borrower in the sense that it allows them to trade on margin/derive tax benefits.
For instance, a person why speculates on BTC going up might use their BTC as collateral in a USD-denominated loan. He can then use the USD loan to purchase more BTCs - and if his bet pays off, i.e., BTC prices indeed rally, then the loan size will actually shrink in terms of BTC and thus turning a profit.
Or, consider scenario two where the individual may need short term financial relief but don't want to give up their BTC long/pay CGT on realised profits. Taking out a collateralized loan doesn't incur CGT the same way disposal of assets do in most jurisdictions, which means that people may prefer this venue even if interest/fees are relatively high.
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It is happening on several exchanges I dealt with: worst offenders are binance, and also bad enough: xwallet and potentially cryptopedia.
I understand KYC is important but lot of times, the login fails to work at one point and restoring password is incredibly difficult or impossible as these exhanges refuse to unlock citing KYC, security after going through their standard verification process and asking for more.
Binance asked me to send me a VIDEO of myself after going through extensive verification to restore my password that stopped working after taking several weeks back and forth e-mail with their cust. service. I cited privacy concern and whether their next stage of their verification will be a the video of my dicks or some private part and they stopped responding.
Cryptopedia went bust however recent e-mail had some obstruction instruction to do a claim and some web url that does not work. Contacting their cust. service replied with half-baked answers. Then disclaimer says if you dont claim within blah blah blah date, you forfeit your fund.
Xwallet also sent me a refusal to unlock after went through all of their password restoration verification process.
This is getting unwieldy.
This sort of thing has actually been going on for a while now. HitBTC is one of the sites that is notorious for doing this. If you just search them up on the exchanges/scam accusations board of this forum, you will quickly see the sheer amount of complaints against them for the reason that they are holding customer funds hostage whilst requesting some seriously unnecessary pieces of KYC. When their motives are questioned, these companies inevitably default to the answer of "compliance". And that's the thing - it is annoying as hell as a customer but you can't prove guilt beyond reasonable doubt. This is why using regulated exchanges with good reviews, but a respect for privacy at the same time is so damn important. |
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It would truly be a disgrace if such a thing was to be introduced.
In fact, it would be a blatant discrimination against BTC for absolutely no good reason. AFAIK, there are no governments that currently charge CGT on any other asset class - equities, precious metals, property... You name it.
Imagine the outrage for retail and institutional investors alike if a similar tax was proposed on unrealised P/L on the NYSE/NASDAQ. Absurd.
I honestly don't think that this proposal will go past the ideation phase, as it is too drastic of a measure and not very enforceable whatsoever.
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And yet I see some people trying to spin this as a positive for BTC.
If regulations do tighten under the new SEC leadership, then grassroots adoption will be significantly hindered. I can't see any positives about it.
Sure, institutional demand will likely keep up and be unaffected, because they did not trade P2P or anonymously on certain exchanges anyway.
But it is the retail demand that constitutes actual adoption in the long run. And with draconian restrictions that require people to provide everything and anything from their drivers' licence to prove/source of income, regular Joes will more likely than not be turned off by the hassle and/or the lack of privacy that a supposedly pseudoanonymous coin offers (at least at centralised junctures).
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I'd say that the majority of users for these full-time sports betting brokerages are from restricted jurisdictions.
There is really no reason to use them otherwise, since you are likely going to get the same if not better odds just by placing wagers on the site directly. The odds boosts are probably some form of a gimmick more than anything tangible.
Also, note that some of the sportsbooks that you think you're betting direct with may actually be brokers that essentially earn a spread off your bet - although the exact business model of each sportsbook obviously differs.
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I don't want to get overly dramatic about what's happened today, especially considering that the $32k level that we're at now was a new ATH just a week ago but when Bitcoin has dipped this much in previous years it has led to a prolonged bear market.
Do we think that this could happen now or should we just ride it out and expect a quick return to business as usual?
Unfortunately, you are being overdramatic. If you just roughly gauge the market sentiment you'll quickly realise that people are still extremely bullish. And looking back at longer term historical trends, they have very good reason to. This is a classic post-halving pump that occurs every four years or so, and generally lasts 1-2 years before a major bear market takes over again. With such strong fundamentals this time round and a very fragile fiat global economy, it is seriously a perfect storm. These corrections along the way are not only expected, but probably healthy to flush out the weak hands in the short term. |
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Site looks extremely basic.
I am going to be brutally honest with you here. From the time I've been involved with the bitcoin community, I have never once seen a dice site succeed where there wasn't a significant amount of investment going into it behind the scenes both from a UX and backend perspective.
And by significant, I mean literally tens, if not hundreds of thousands of USD.
It seems as if you just copied some template here and decided to go with it. This does not differentiate you from other dice sites, and whilst the PTC idea may pan out, it only isn't going to attract a lot of revenue.
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Forget about all the geopolitical tension here. Can we talk about how Alipay has completely taken a beating this year so far?
First the trouble with the Chinese government, the IPO that didn't pan out.... Then now, shut down by the US as well.
I do feel bad for the board members who are probably expecting a ton of bonuses and a huge paycheck when the company IPO'd. But this is the perfect example to showcase how fragile the centralised payment processors are - you can never do this to a decentralised network like BTC.
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