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921  Economy / Gambling discussion / Re: My thoughts about Primedice on: May 09, 2021, 01:58:10 AM
The game is indeed rigged against you - in the sense that there is a house edge.

If you keep on losing, it is exactly what is expected. The long term EV of you as a player is definitely negative and PD/Stunna does not hide that in the slightest. 1% house edge or less on a dice game is pretty damn good to begin with.

All the rolls are provably fair, and if you are paranoid you can always verify each roll using an independent verifier. If you no longer find gambling entertaining then simply don't do it - but don't go around accusing established businesses falsely without evidence.
922  Economy / Gambling discussion / Re: Where to seek help if you need; concerned with gambling addiction. on: May 09, 2021, 12:49:35 AM
Apart from independent providers, any problem gamblers should also look into counselling services provided by their local governments.

I honestly do think that the main catalyst for problem gambling is simply the attitude, though.

People seem to think that gambling is a way to make money when in reality it's just a form of entertainment. Allocate a fixed amount of money each time you gamble, and consider it gone before you start. If your mindset is stuck in the former then you're much more prone to becoming addicted.
923  Economy / Exchanges / Re: Which P2P exchange with no KYC can use to exchange Airtm USD to Bitcoin? on: May 08, 2021, 11:14:53 PM
Yeah, I definitely suggest checking out the currency exchange board or the local boards on bitcointalk.

All of the P2P exchanges with large liquidity require KYC now to some extent (paxful, LBC) whilst all the small ones that don't are too risky to use and have virtually no open advertisements.

Just post your own thread in currency exchange or reach out to well known traders on that board to see if they would be willing to take this payment method. I doubt it'll be long before you find someone willing to do this.
924  Economy / Trading Discussion / Re: beginner trader: Are trading signals and bots worth it? on: May 08, 2021, 10:36:13 PM
Absolutely not.

These Telegram groups are simply pump and dump groups where the owner of the group ultimately benefits more than anything else.

The way they function is essentially a self-fulfilling prophecy - the owner first buys the coins themselves, before sending out the signal. People who see the signal then buy in and push prices up, and ultimately the owners cash out their positions for a handsome profit.

Passive income needs hard work to set up. If the trading signals do actually work, why would the owners share them with you at any price? Credit is dirt cheap right now.
925  Economy / Economics / Re: Andreessen Horowitz plans $1 bln cryptocurrency VC fund on: May 05, 2021, 10:07:30 PM
It seems investment firms are still raising billions in capital to buy BTC and crypto. We may not yet have seen the ceiling.

What is key here is the motive behind it. Will they hold bitcoin as an inflation protected asset. Invest in less known crypto assets in the hope of generating revenue via growth. Is speculation a primary concern. Or are there other reasons.

Whatever the motive, I don't think anyone can deny crypto is exploding atm and everyone wants a piece of the action. Perhaps this will turn into a dream scenario where everyone that plays the crypto game will walk out a winner. Wouldn't that be great. Everyone in crypto wins. No one loses.

I highly doubt that these VC funds are going to be looking at BTC as a purely inflation hedge.

They'll likely try to chase high growth and high revenue through angel investing into highly risk crypto ventures - buying and holding alone is probably not going cut it for the rate of growth that they are targeting.

I'm not too sure how he plans on getting $1b in funding though - institutional investors probably won't be able to take this type of risk, whilst for retail investors they seem to prefer to speculate on crypto assets themselves.
926  Economy / Economics / Re: US economy is booming, but people are not seeing it. on: May 05, 2021, 09:40:53 PM
There is a difference between the stock market and the real economy.

The stock market going up has no direct impact on actual consumer welfare, which is a misconception that politicians seem to always exploit.

Threats of reflation are also very real, and people seem to be completely neglecting that. They think that they are nominally richer because of all the stimulus that has been pumped into the system, whilst neglecting the fact that all the QE will essentially dilute their purchasing power.

The fiat economy is a mess - it's no wonder people are flocking to cryptos.
927  Economy / Speculation / Re: Another Halving, Another ATH on: May 05, 2021, 10:36:30 AM
The macro trends are certainly pointing towards a top.

As you said, generally BTC hits another ATH approximately 1 year after the halving event (which is just about now). There is still quite a bit of bullishness left in the marketplace, but in terms of BTC price it has been stagnating over the past month or so at around $50k.

Resistance seems quite strong at $60k, although I wouldn't count another rally out just yet. The bull market is now close to being a mania, and people can act in all sorts of irrational ways. Heck, 6 figure BTC isn't even out of the question.
928  Economy / Gambling / Re: 🎲🎲 Casino Doge - With Faucet (Free Coins) 🎲 🎲 on: May 05, 2021, 01:42:22 AM
I really like the homepage design.

However, not having a native English website is a big turnoff for most players here. Just using google translate is probably not going to cut it - in fact, the dice page was glitching out for me when changing odds due to google translate trying to update everything is real time.

Also, you face a ton of competition given that established entities such as Cryptogames also support Doge and have way bigger selection of games to choose from, and a lower house edge. Definitely need to consider that for sure.
929  Economy / Gambling discussion / Re: This happened many months ago but still wanted to share. on: May 05, 2021, 12:36:49 AM
Sheesh. That's rough.

It's good that you took the loss with grace. Given most other people I think they're probably freaking out over this foregone $20k.

I do think that the casino management was quite reasonable in this case given the fact that they listed all the violations and reasons as to why they revoked your winnings. Though what strikes me is the complexity of the rules associated with the bonus - it's almost like they're trying to get people to actively violate these rules and hopefully not be liable to pay them out.

Be very wary with any sort of deposit bonuses. There is a reason why they can offer 400% deposit match since a) EV is definitely negative for you and b) there is a ton of terms associated that you probably will miss as a matter of time.
930  Economy / Speculation / Re: May 13th, Bitcoin will surge to $70k or it will be dump? on: May 04, 2021, 10:19:51 AM
I know we already heard the rumor if Alibaba has bought $20billion in bitcoin. They will publish their unaudited Q1 2021 report on this May 13th,

Source : https://www.google.com/amp/s/zycrypto.com/alibaba-rumored-to-have-bought-20-billion-in-bitcoin-will-this-come-to-fruition/%3famp

What do you think? If this really true, remember what happened when TESLA announced they have invested $1.5billion in BTC?

Quote
USA: Tesla buys $1,5bn in Bitcoin. China: Alibaba, hold my beer.

I highly doubt that Alibaba has bought that much crypto.

Firstly, if they did, then the price action would be a lot crazier than they are currently. Unless they spread out their buys over a period of months which is very, very unlikely, a purchase of this size would swing the market up a lot more than the current price action suggests.

Secondly, they're already at odds with Chinese regulators. I highly doubt that Jack Ma and co. are stupid enough to actively trade a contentious asset under Chinese law.
931  Economy / Gambling / Re: SatoshiGames.io|✅The Best Bitcoin Gambling Forum🎲|Bitcoin Casino Reviews on: May 04, 2021, 03:02:32 AM
No offence as I admire the effort. But how can you call yourself the best gambling forum if you only have 2 posts in total on your forum?

There are other gambling forums out there that are much more active, e.g. Stake or Bitsler.

Also, what precisely do you offer other than just a dedicated forum to gambling, compared to the gambling subforum of Bitcointalk? I just feel like it's going to be very difficult for your site to differentiate from what we've currently got on Bitcointalk where the community does polls, discussions, etc. much more regularly.
932  Economy / Exchanges / Re: Thailand to introduce in-person KYC for crypto exchanges on: May 04, 2021, 02:37:31 AM
Wow. The extent that draconian regulations have gone in certain countries is nothing short of amazing (and disgusting).

In-person KYC is just a euphemism for a soft ban on crypto exchanges. The cumbersome and bureaucratic processes are set up for the sole purpose of oppressing those who want to access cryptos.

There must be a push back from the cryptocurrency community. Otherwise, they will continue to do this until there is no way for retail investors to access cryptocurrencies by traditional means anymore.
933  Economy / Gambling discussion / Re: Manga Betting on: May 04, 2021, 01:18:31 AM
I was reading Kengan Omega and Records of Ragnarok and I think that it can be used for potential betting because the story is ongoing and it is a fight which means that we can put our bets on who wins or whether the round is a draw. RoR has a predetermined roster though so you can only bet on who wins the match and no in-between since it is a fight to the death. Does anyone think that it can be a good idea to bet on the fights that only the writers know who will win?

If there is demand then the market will exist. Simple as that.

I simply don't think that right now, there is sufficient manga readers who are interested in actively speculating on the outcomes for real money. Perhaps discussions/friendly games would be a popular mode though - something like a fantasy league/bracket could work.

Also, as a gambler, you have to ask yourself whether this is going to be worth it. The writers could actively manipulate the outcomes for personal profit, or even employ others to bet for them. This is not like sports where outcomes are (hopefully) random as it is bilateral. This is completely unilateral.

934  Economy / Service Discussion / Re: Viabtc help on: May 04, 2021, 12:18:13 AM
Hello.

I need to get a transaction accelerated as it has almost been 7 days since it was sent to me

The fees where extremely low so I am unable to use Viabtc free acceleration.

coinbase wallet so cannot use CPFP

Is the paid version legit?

Or a scam like the majority

ViaBTC is legit and if you use their paid service you pretty much will get your transaction confirmed in the next block they mine (barring circumstances where there's just a significant amount of transactions in the mempool).

However, they are quite expensive and AFAIK they only accept BCH which is a real downside.

If im reading that correctly, you need to pay few hundred dollars to accelerate it because you sent with too little of a fee?

Not really. Waiting for a confirmation is always an option, or RBF/CPFP. Although the situation is a bit more convoluted here given that OP used a custodial wallet in coinbase which he can't actually get the private keys of.

OP seems to have his problem solved. I wonder if he actually went for the paid service given that his fee was way too low for the free service.
935  Economy / Service Discussion / Re: What are Bitcoin mixers, and why do exchanges ban them? on: May 03, 2021, 11:42:49 PM
Good discussion in regards to mixers.

However, I disagree with the part that exchanges ban them.

Apart from some draconian exceptions, exchanges simply couldn't care less whether or not you're depositing using mixed coins. It is incredibly expensive and difficult for them to say for sure that your deposits are mixed, and it's simply not worth their time if you think about it. There is also nothing inherently wrong with mixing coins, and any privacy-centric person should do it.
936  Economy / Economics / Re: Crypto vs Stocks on: May 02, 2021, 10:56:29 PM
People have often compared crypto to stocks since owning a coin, represents your "share" of the decentralized blockchain network. Exchanges act as brokers in a similar fashion to traditional stocks. While stocks are fiercely regulated, crypto is the "wild west". Cryptocurrencies are extremely volatile, while stocks are much more stable. Despite crypto/Blockchain tech's popularity, stocks are still preferred by mainstream investors and traders alike.

Which asset types do you think are better: crypto or stocks? Is crypto getting closer to becoming regulated just like stocks? What do you think will happen if institutional investors come into play? Will stocks transition themselves to the Blockchain? Or is it still too early to tell? Your input will be greatly appreciated. Thank you. Smiley

Completely different asset classes imo.

With a few exceptions, cryptos do not generate cash flows, whilst stocks indeed have a internal rate of return.

However, this is not to say that crypto is inferior to stocks as a long term hold. In fact, I would argue the exact opposite - even though yes, in the medium run stocks will generate stable cash flows, in the long run you hold BTC to hedge against an imminent fiat collapse as a store of value more than anything else.

Definitely not black and white. There are usage cases for either as an investment vehicle depending on your needs.
937  Economy / Speculation / Re: New Bitcoin support! Fall or rise? on: May 02, 2021, 02:49:39 PM
I honestly think that right now, $50k can probably be safely declared as a new support.

The institutional support and demand has been absolutely incredible. Even though some are concentrating on Tesla taking some profits, the fact that the vast majority of invested institutions are still strongly bagholding as well as the fact that even TSLA did not liquidate all of their positions (in fact, not even most), should be an encouraging sign for future adoption.

With that said, I don't expect a bear market to crash through any time soon. Simply too much bullish sentiment and well-deserved FOMO right now.
938  Economy / Exchanges / Re: Unable to withdraw small amount of bitcoin from CEX.io - on: May 02, 2021, 05:54:25 AM
I have a low amount of BTC at CEX.IO. Since they have a withdrawal limit of 0.18598622 ($10,000 right now), they are not letting me withdraw my BTC, even if I decide to close my account. I am not sure how that can be legal. They are basically hijacking your crypto and will keep it if you have less than that amount.

After ignoring a few of my messages, they responded stating they will not lower their withdrawal limit. Does anyone know how I can solve that issue? Any experience with CEX.IO?

From my experience, you are almost certainly a victim of some phishing attack.

For whatever reason the CEX site has been a favourite target of phishers over the past few years. And the scam usually goes like this:

1) Someone claims to have a balance on CEX.io that they need you to withdraw
2) You create an account on the phishing site and they transfer some "BTC balance" into your account.
3) They ask you to deposit a small amount of BTC in order to hit the minimum withdrawal. This is how they make their money.

Please don't deposit anything as it will simply be lost to fraudsters. Ditch the site asap and block all communications with their so called "support".
939  Economy / Exchanges / Re: Binance and Omni network on: May 02, 2021, 05:30:38 AM
Thanks OmegaStarScream for the heads-up. I would have missed this as I have some USDT in Binance.

I really wonder what's going on with Binance. They seem to force the issue. All for what? Trying to promote their highly centralized network and Binance Smart chain tokenized USDT?  Grin

Probably not.

Omni is a dying network. Used to be useful in terms of USDT and Counterparty tokens but now neither of them have significant adoption anymore.

It makes no economic sense for Binance to continue investing money into the maintenance of their wallets and markets for Omni and omni related assets in comparison to the revenue that they generate. Sure, they could benefit from delisting, but any profits made is probably completely incidental and not the root cause of the transition.
940  Alternate cryptocurrencies / Altcoin Discussion / Re: ETH versus BNB updated poll 2021 on: May 02, 2021, 05:03:59 AM
I personally think that BNB is too prone to regulation.

If regulators change their tune on Binance at any given point in time, their entire token essentially will be worthless since the model is completely centralised and a big portion of the intrinsic value of BNB is derived from its usage on the Binance exchange.

ETH has smart contract and currency applications across a bunch of industries, and has a far greater history and first mover advantage. Sure, it's not as decentralised as BTC, but it's far better than CZ's project in this regard.
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