Looks pretty exciting. Kudos to you for stating the wagering requirements of your first-time-deposit bonus upfront. Not a lot of casinos do that these days. Just had a question though. For this: Dynamic House Edge - ranges from a negative house of -2.25% to a positive house edge of 1.5% On what games/times is house edge negative? What incentives are there for investors to be backing games that actually have a negative house advantage? |
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There is absolutely no sign that Microstrategy and Tesla are taking profits.
You have to understand that Elon Musk is essentially locked into his position implicitly for at least a few more months/years. The SEC will be on his back for securities manipulation if he offloads his position so quickly.
I doubt this will be the end of the current rally. Fundamentals are all here and market sentiment is as strong as it has been for the past few months. Shouldn't be more than a temporary dip along the way.
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In terms of reputation, probably Stake.
Cloudbet has a really dodgy past in terms of forcing KYC upon unwilling users, whilst Sportsbet is a bit more legit but still seen complaints in the past. The PD/stake team has never really had any major slipups and have an ever expanding network of real world sponsors and high-tech plugins.
Also take time to consider other alternative options, these three are not the only players in the space.
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Hello,
does anyone here have any experience with using multiple betting accounts without documents from friends? I have some questions and would be happy if someone could help me with that. Ive been limited on some betting accounts and would like to create more (obviously cant with my own documents anymore and dont want to ask friends for documents).
Greetings
How do you intend on bypassing all the KYC? You can't just not provide ID. They will not even let you sign up/withdraw in that case. For crypto sportsbooks this is obviously different - you are able to have multiple accounts given the fact that everything is done anonymously. But for fiat sportsbooks, they are obviously a lot more strict about it. Don't go around buying the so called "stealth" Bet365 accounts from account sellers either. They are not secure, and your funds could be stolen at any time as it is registered under a completely different legal name to yours. |
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In fact, many now use the Martingale system instead of doing one stroke of luck, and the strange thing is that it is also liable to lose the same "chance" if it plays one betting with all the amount, and the question here is, why do gamblers prefer this system to a single roll?
Human psychology. As you said, there is absolutely zero difference between rolling 1 BTC once on 2x dice, or using some elaborate martingale system over 1000 rolls and generating a gambling volume of 1 BTC over that process. Your EV is going to be exactly the same regardless. Gamblers feel like they're accomplishing something by having a strategy, but at the end of the day it's all luck. Not the most rational beings around. |
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This will only really work if people actually stop signing up to unescrowed, shady campaigns.
Trying to report unpaid campaigns ex-post seems barely like a solution - people are still going to sign up to new ones that scam them in the future.
Unfortunately, there is just an oversupply of people who are willing to be exploited due to the massive surplus of high ranking accounts compared to the amount of good paying, legitimate signature campaigns. Participation in dodgy ones become unavoidable.
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@Lucius Can confirm that the transaction got confirmations. Thank you so much!
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Hey @Lucius, could you please help accelerate this transaction: 876117245903cd71189a343ea26c093acb38a3e12cfb7467779a1c29ee1168ca I've tried to accelerate via ViaBTC but just can't get in early enough  Thanks! |
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The scale makes absolutely no sense. How do weapons of mass destruction have a lower impact compared to the pandemic?
Seems as if they just plotted a bunch of potential events arbitrarily along the axes.
It's interesting that they rank "asset bubble burst" as both a more likely and serious event compared to public infrastructure failure, though. Whilst the equities markets are indeed going to be very prone to collapse at such heights, it's barely even in the same neighbourhood of influence as if electricity suddenly went out worldwide.
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A few people may be wondering about the step drop of bitcoin price these last days. It is quite usual for it to move up and down, although lately it seems that movements are faster than usual.
Just take a wider look to understand:
NASDAQ 100, last month + 8%, last year +60%
S&P 500, last month +6.4%, last year +47%
Bitcoin, last month -4%, last year +639%
Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.
Definitely a ton of profit taking across the board. The Dow also fell significantly yesterday but managed to recover quite substantially over the course of today. There should be absolutely no reason to be alarmed. It's almost comical seeing how the news media is making BTC's drop from its ATH a much bigger deal than it actually is (I've seen Bloomberg headlines that talked about how the 'unexplained' BTC correction caused panic in the markets or whatnot). If you're not comfortable with this sort of market volatility, or profit taking activity, then you should probably veer away from BTC. |
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Hi
As you you, no market can be bullish or bearish permanent. so when is the Crypto black day? Plz explain with reasons.
The bear market will probably swing around some time next year. The rest of this year should still be extremely bullish given the circumstances that we face (with institutional investors pumping money onto the scheme, as well as renewed retail interest). But as you said, no bull market can last forever. Given historical trends, the peak of the bull market generally occurs 1 year after halving (exactly right now, as we speak) and slowly tapers off around 2 years after the halving, before slumping into the bearish cycle. I think that chances are history will repeat itself once again - but be very careful if you're trying to somehow time the top. |
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Right now I'm still incredibly bullish.
The fundamentals are still all there. People are just panicking at the moment because of a short run dump. Nothing that we haven't seen before.
Institutional players are going to provide a stabilising effect given that they are not as prone to the mood swings due to sentiment shifts. Firms like TSLA, MSTR etc. aren't just going to all of a sudden cull their holdings by a significant amount - to do that would be shooting themselves in the foot, as the news of their sell-off would likely inspire a bearish reaction that would depreciate their own holdings.
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People try to guess this cycle BTC price peak and we all know that prices in the 6-digit range is mentioned. but what i am afraid of this time is something different. let's say we reach 150-300K max but after that we don't see the typical 70-90 % correction that most people expect to happen again. in this case people who will sell will most likely not be able to buy back again. due to the big money invested by institutions and larger scale adoption the bear could be less punishing than prior bears this time. i think about this possible scenario. what's your thought on this guys?
I absolutely agree. Don't expect there to be a huge correction for you to get into the market any time soon. And even when it occurs, it is very likely that you won't even see that big of a dip simply for how strong institutional demand has been. The difference between institutional demand and retail demand is that the former is less prone to short term irrationality. They trade on algorithms and stringent protocols and are more likely to hold for the long run than to panic sell in a bear market - which has historically been the cause of the -70-90% bear cycles. |
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There's a reason why Buffett constantly preaches the low cost index fund.
As long as you are (somewhat) patient and use index ETFs the right way, holding for the long haul will prove to be a lot more profitable than you if did hyperactive trading every single day.
The same lesson holds for crypto investments as well. Don't feel like you need to day trade to beat the market - just buy and hold and you're much more likely to reap rewards in the long run than if you allow exchanges to take all of your profits in fees.
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I wonder how a state could possibly even ban a private company from accepting a particular currency?
Makes absolutely zero sense to me. If a person/company wants to accept marbles as a form of payment, would there be any legislation that bans them from doing so?
The important part is the legalisation of online sportsbooks here. Not necessarily the fact that sportsbooks are allowed to accept cryptos - because there is virtually nothing barring them from doing so even without explicit consent from the government.
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If there were to be one, then I can say with some confidence that it will be Bitcoin.
It is clear that blockchain is the way forward in terms of a unified global currency. CBDCs around the world will likely try to jostle for position as the world's reserve currency (especially the Chinese Yuan).
But at the end of the day, grassroots adoption is going to favour BTC and not any centrally backed token. People and institutions are waking up to the fact that fiat has no intrinsic value, and the blind faith in the fiat system is all that gives it value.
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Precisely why you need to hold some decentralised cryptos to hedge yourself against this sort of thing.
Might seem like a distant problem for people in first-world countries, but there has never been a fiat currency in the world that has survived in the long haul.
Debasement and eventual collapse is inbuilt. When the regime in charge is no longer credible, people no longer value the currency and fiat will topple to its ultimate, intrinsic value - zero.
Venezuelans have it tough right now. You could be next.
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Why do people value stable coins that are pegged to fiat currencies? As I understand it, people hold onto stablecoins like Tether to avoid Bitcoin/Eth's large price fluctuations, although I'm not sure that this is the only reason. Do exchanges use stablecoins to make transfers that would otherwise be too difficult/slow through the banking system?
I frequently hear people describe being long bitcoin as being short the US Dollar, and that gold, silver and other precious metals are better stores of value than USD because their supplies are difficult to increase. Every stablecoin pegged to the US dollar is subject to the same level of inflation, so your Tether essentially sits on top of a digital fire that burns away 2% of the value every year. Isn't the entire crypto ethos centred on the idea that the asset/currency's value/supply is *not* influenced by a centralized government? Is this not why bitcoin is inherently deflationary?
To me, fiat pegged stablecoins almost seem like the worst of both the legacy and future banking systems, especially since there are so many different coins that are pegged to the same fiat currencies. That being said, they have massive trading volume and market caps, so I must be missing something. What do you guys use stablecoins for, and how long do you typically hold onto them?
What you said about stablecoins being the worst of both worlds is precisely how I feel as well. It essentially combines the lack of regulation of the cryptospace with the centralisation and fractional reserve of the traditional banking system. It makes absolutely no sense to hold a stablecoin in the long run - if you want exposure to fiat for whatever reason, just buy US treasuries instead and earn a measly (yet positive) return on your fiat. But in the very short term, stablecoins do have their merits - and the most obvious is its transactional aspect. It streamlines the trading process for high frequency traders quite a bit as they don't have to deal with clearing houses that take ages. |
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Hey everybody,
Does anyone happen to know a good alternative to cash out BTC into USD? Coinbase just has way too many security things and wait times where you have to wait 3-5 days for a deposit and such.
Any help is appreciated.
Thank you
You've got a ton of options. Binance is definitely one of the top ones. But I've heard that they've been cracking down on security as well which means perhaps you'll see some delays in getting your KYC approved as well as your first withdrawal. If you want near-instant cashout that is guaranteed, then perhaps look into OTC/P2P options instead. |
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100% agree.
If you take a look at the reports of first-year analysts in major BB investment banks, you'll see this in action.
People are obsessed with doing as many hours as they can and wearing 100+ hr workweeks as a badge of pride.
Not only is this counterproductive (who can work 100+ hours and say for sure that they have done everything efficiently?), it is also a way for firms to extract value from abusive practices towards their employees.
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