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January 23, 2020, 11:35:04 AM *
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1  Economy / Gambling discussion / Re: Is there any gambling site that allows betting directly from the wallet? on: January 21, 2020, 03:58:17 PM

But I think this is not safe if you will use your main wallet, I have doubt that it will lead hack in trusting your private key into the gambling platform. IMO, use a disposable wallet for this.

But how is this different from wallets like Mycelium or Electrum? We import private keys in these type of wallets too. I think as far as gambling site is taking input in front end then it is safe although I am not expert in this matter.


I had heard that before, there is a gambling site that allows users to bet directly from their wallets. You need to import your bitcoin wallet but in most cases, they are decentralized gambling sites. Like poker and sports betting sites. Also, peer-to-peer gambling sites have on this kind of feature. The transactions of bet to be played directly between those players crypto wallet, rather than the house edge will hold the fund.

Actually I want to see any example of the working of such gambling site. I want to see how house charge commission when funds are still hold by the players. It would be amazing concept if any platform is able to achieve this. People no longer have to look for the gambling licence, such sites could automatically be trusted.
2  Economy / Gambling discussion / Re: Premier League Prediction Thread (EPL) on: January 21, 2020, 03:09:00 PM
Iím looking forward to Chelsea vs Arsenal tonight, should be a really good game. Iím going to watch this game, Aston Villa vs Watford will be good, a real dog fight to stay in the PL.
During the last game, Arsenal dominated the first half of the game whiles Chelsea did the same during the second half. I really don't see anyway that Arsenal are going to win this game. I am betting for Chelsea win and over 2.5 goals in this game.

Arsenal will not dominate the win against Chelsea because their tactics are not so Kut to face Chelsea, we know sometimes the Chelsea game has its ups and downs but for this time I am sure I will win it tonight.
Your bet will be strong enough because for me 2.5gol will be accurate.

One thing that Chelsea lack is a long range shooter. Tammy is still very young, Willian needs to cut into box in order to shoot, no big shooter in mid-field, so after Hazard left, Chelsea has to somehow reach into the box to convert chances into goals. We saw the same in the game vs Newcastle. Chelsea had hundred of chances but failed to convert even single of them. It is very easy to defend against Chelsea by parking the bus.
3  Economy / Gambling discussion / Is there any gambling site that allows betting directly from the wallet? on: January 21, 2020, 02:49:52 PM
Similar to the concept of DEX or Decentralzied Exchange, is there any gambling site which allows users to import private key and play games directly from their address? Or allows users a wallet on the platform with private keys so that user can withdraw and deposit money into account anytime without the approval of the site representative?

It yes then in which different cryptocurrencies such gambling is offered?
4  Economy / Economics / Re: Chinese New Year - Crypto Market on: January 21, 2020, 02:29:39 PM
We will see it later. We need to prepare every possibility that can happen in the market. If the price is down, we can buy more bitcoin at a low price, but if the price suddenly increases so high, we can sell the bitcoin at a high price. Everything can happen at the market, no matter if that is one event will occur. But we always hope that in this Chinese New Year will bring changes to bitcoin price and who knows, the price can increase to the high price.
We do still have 4 days left for the said Chinese New year and lets see if those price corrections or sell off would happen on that time.As said by others where this was just like when we are approaching on last month of each year where holidays is on line where people do sell off their coins for the said holidays but we have seen recently that it havent affect the market too much.
These kind of events and sentiments can possibly have or doesnt have any impact but at least we are seeing nor preparing on possible movements and seeing for opportunities.

I don't think such events have any major impact on bitcoin prices. We saw that last month too. No significant up or down happened in the price of bitcoins and other cryptocurrencies during Christmas and holidays. It is only after the starting of this year that prices are surging again. Associating crypto market with festivals is as stupid as associating it with Trump's victory. Both had no impact on prices.
5  Bitcoin / Bitcoin Discussion / Re: If you were to introduce someone back into BTC on: January 21, 2020, 02:09:14 PM
# you cant get crypto for free atleast the good one
# holding what you have during dump is not always a good idea

Given out free Bitcoin or any other crypto currency to the person you want to reintroduce into crypto currency is a very nice idea for that will really multivate him or her.
But I disagree with your second point that says " holding what you have during dump is not always a good idea" Holding during dump is the best thing to do as a trader and you can equally buy more during dump and not to sell at lost as a result of panic.

Ask those who lost thousands of dollars by holding shitcoins. Before getting sentimental for the popular saying of 'I'm HODLing', it is important to differentiate between valuable coins and shitcoins. If coin has gain some percentage today, it doesn't mean it will remain green for next 5-10 years too. Maybe few holders of that coin manipulated the market through fake pump. So only buy those coins which have long history of good market performance. Never buy a coin which has suddenly gain 50-70% because in 99/100 cases, it will go down. More importantly, in case you bought such coin, make sure to sell it immediately when it starts going down.
6  Economy / Economics / Re: USD / Crypto Pairing question on: January 21, 2020, 12:04:58 PM
So lets say this. I have a shitcoin. Lets called it $SHIT.

Now $SHIT is worth 0.00000001 BTC (Or $0.000087USD at time of writing) and there is a 1 BTC buy order for it on all exchanges (Say 3 of them) Total 3BTC in Buy orders total.

Now lets say that all 3 of those exchanges have now added USDT / $SHIT

And someone uses their USDT to buy up 1B of them and lets say it pushes the price of USD from $0.000087 -> 1 Dollar.

That doesn't change the fact that there is only only 3 BTC buy order for it does it?

If the USD Value goes up in value , it doesn't mean that the BTC value rises as well does it?

(My thinking is that there must be a buyer of said asset and a seller of said asset) If no one is buying the BTC pair but only the USDT pair , then how would it have value except in USD value maybe?

Am i correct with my thinking? And if this is the case , why wouldn't everyone just make their own fiat trading pairs and use that to pump their shitcoins to the sky by doing Q.E?


You missed one important point. The exchange also have BTC/USDT pair. It is impossible to manipulate any market with USDT alone because sooner or later, the same will effect BTC/USDT pair too and whole market will be corrected back to normal.

Let say if price of $SHIT rises to $1 from $0.000087, it will either increase the price of BTC in BTC/USDT pair or increase the price of $SHIT in $SHIT/BTC pair or the price of $SHIT/USDT pair will adjust back to $0.000087 after 10-15 trades when every trader will run to arbitrage the difference.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: Using Crypto at Gas Stations on: January 21, 2020, 11:34:29 AM
It's 2020, yet crypto and Blockchain technology are still in their infancy. The introduction of smart contracts (via the Ethereum blockchain) to the mainstream world, has opened up a plethora of possibilities that were never imagined. Many companies have launched their own tokens via ICOs, IEOs, and even STOs. On the hand, stablecoins have been the hottest trend within the crypto space as they provide the convenience of Fiat with the security of the Blockchain.

Smart Contracts as introduced by Ethereum Blockchain may seemed fascinating in the starting but with time even Ethereum chain has shown lots of vulnerabilities. During the season of high usage of chain, fees peak over $1. When Crypto Kitties launched, ETH network became so slow that transactions took 2 days to process at regular gas and wei.
We need more scalable solution than Ethereum chain to make crypto as medium to pay on Gas Stations.
8  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto market moves in like a mystery! on: January 21, 2020, 11:00:10 AM
History is evident that crypto market movements are never sustainable. Sooner or later, prices fall. One day it's $19K and some four months later, it's $3K. So it is hard to believe any gain in Bitcoin's price is long-lasting. However, it doesn't mean growth has to be artificial. Market have several traders having different trading strategy. Some likes to keep coins for long, some sell after achieving targets while some even short their coins. Due to mix-results of various traders' motive, Bitcoin (or crypto market on whole) moves arbitrarily and price is not able to sustain for long.

Sustainability after all is not what the market players and makers look for. They need the prices to rise as much as they need the prices to fall. The rising and falling are both good as a matter of fact. The rising is for taking away the gains and the profit made through the days, weeks, months, and years of trading and the falling is a time for refilling the wallets.

Such up and down movements maybe good for traders like us who know the market behaviour of bitcoin but what about other investors? Will they ever dare to invest in bitcoin if bitcoin continue to make circular movement in prices? High volatility is the main reason why most of the renowned investors like Warren Buffet regarded bitcoin as bubble. It won't be considered as serious investment unless its market stabilizes by some degrees.
9  Bitcoin / Bitcoin Discussion / Re: Okay. If i have $10000 for investing, how much should i invest in Bitcoin? on: January 20, 2020, 02:32:27 PM

I am thinking of 30% in stock, 30% in fund, 40% in Bitcoin.

How about this ratio? Any thought?

This thread may give you general idea about how much of the total net worth do people invest in Bitcoin: https://bitcointalk.org/index.php?topic=2954307.0

However, I still feel it is kinda noob to invest in something by taking suggestions from strangers. If substantial money is involved, it is better if you make detailed study and clear your expected goals. Bitcoin won't disappoint you I guarantee but the prices of bitcoin are extremely volatile and if you fail to sell them at right time then prices may again fall to the price you invested on or even lower.
10  Economy / Speculation / Re: Short term bullish run is now over, and it was most likely a failed rally on: January 20, 2020, 01:43:20 PM


A picture is worth a thousand words


Now, my advice: look at the price line since October 25 when the price was at 10.4k USD, the trend was never bullish. However it was very possible to make nice money (started several threads to recommend buying at 6.5kish in November and December).

Important price next: 8.5k, we go below and we see 7k most likely again.


Sad but true image.  Cry
Rally has broken and price may decline from here. But I don't agree with your $8.5K mark. It is evident from the chart that break point will be between $7800-8000. As far as price is above $8K, market may move sideways for next few days and may result in new rally if someone inject buy orders into the market.
11  Alternate cryptocurrencies / Altcoin Discussion / Re: Crypto market moves in like a mystery! on: January 20, 2020, 12:57:13 PM
Lately the market is showing some positive gains in BTC and most of top altcoins too, but how long it will sustain? and the most common question was is it an organic gains? or just an artificially driven? for me the market movements was remain a mystery maybe it was an organic gains or just artificially driven.

As far as sustainability is concerned, I cannot tell, although I believe this year is a better year compared to 2020. So far, we are positively rising. Corrections happen of course, just like now. But I think the rise is not done yet. We will have to once again get back to $9,000 or even beyond in the next few days.

A part of it may not be organic but that would be a minor concern in terms of Bitcoin and other top altcoins except perhaps on BSV.

History is evident that crypto market movements are never sustainable. Sooner or later, prices fall. One day it's $19K and some four months later, it's $3K. So it is hard to believe any gain in Bitcoin's price is long-lasting. However, it doesn't mean growth has to be artificial. Market have several traders having different trading strategy. Some likes to keep coins for long, some sell after achieving targets while some even short their coins. Due to mix-results of various traders' motive, Bitcoin (or crypto market on whole) moves arbitrarily and price is not able to sustain for long.
12  Economy / Trading Discussion / Re: Does the ETH/BTC ratio present a trading opportunity ? on: January 20, 2020, 12:09:05 PM
Whatever your views on Ethereum, the fact is that the value of ETH to BTC is still very low ( even compared to historical performance ). Does this present a trading opportunity to perhaps buy more Bitcoin for your dollar ? ( By buying ETH and when the ratio goes up trade it for Bitcoin ? ) - There is some insight on this here : https://youtu.be/hY2m0HtAw7g


The low conversion value of ETH to BTC is the indication that ETH is no longer a promising investment as it was an year or two ago. Due to ICO boom couple of years ago, prices of ETH skyrocketed. But since then it is continuously falling. ICO trend is outdating, people no longer taking risk by investing in new coins, rather they are buying coins already listed on exchange. 
Hence, near future of Ethereum is also looking bleak as compared to Bitcoin. Don't be surprised if ratio falls further in coming months. Better keep your funds in BTC than ETH.
13  Economy / Economics / Re: At which price will loose Bitcoin the dominance in the Crypto Market? on: January 20, 2020, 11:36:24 AM
For Bitcoin to lose domininance, the price would probably have to drop first. If the price keeps increasing, itís hard for an altcoin to catch up but it is possible with a coin like Ethereum.

Wrong! When the prices of Bitcoin falls, all other altcoins fall too. The prices of cryptocurrencies are determined by the trust of investors. When the prices of Bitcoins start falling, several holders start selling their bitcoins (weak hands). Such events reduce the overall trust of investors in crypto market. Eventually, other coins fall too. In percentage, bitcoin is still able to maintain its dominance.

So in short, it is wrong to assume that dominance has any correlation with bitcoin's price. Unless any other coin become excessively famous or some kind of flippening happens, bitcoin will continue to maintain its dominance at any price.
14  Bitcoin / Bitcoin Discussion / Re: Okay. Charge tax on bitcoin. Is this fair policy? on: January 20, 2020, 11:10:52 AM
if in my country there is no tax that must be paid when getting results from bitcoin trading.
I think whether it's fair or not depends on which country you live in right now.
what is clear is that the losses we get from trade are not subsidized by the government.

True. Even in my country we need not declare any income earned in cryptocurrencies. Government doesn't recognize cryptocurrency as any material thing, hence, we don't have to pay taxes.
Other countries may have different laws related to taxing bitcoin and it may be fair if citizens of that country are earning substantial amount of money through bitcoins.
15  Bitcoin / Bitcoin Discussion / Re: What bitcoin ideas do you have? Share it! on: January 20, 2020, 10:53:36 AM
~unquoted text~

You will only search something on internet if you are really fascinated about it. Such interest won't develop automatically. It has to be passed from somewhere and words-of-mouth is best passage to share something new with people. Therefore, it is necessary that we forum members should inspire people around us to use or invest in Bitcoin. We should tell the advantages of using Bitcoins to people and how they can set up wallets or buy bitcoins.
it will really help the development of bitcoin if we promote it from the mouth, but it will be felt more development if there is a mass adoption from the government, but I think it will take a long time. currently practically bitcoin is intended as an investment and trading tool

Bitcoin is still under development phase. Everyday we encounter various issues related to bitcoin like scalability, block size, number of transactions a block can process, block timing, etc. Due to which, bitcoin community reaching new consensus every year to make bitcoin more functional. Lightning network is current solution which have potential to make bitcoin more accessible. But until LT really become famous, we are still stick to current form of bitcoin transaction.

Thus, it is wrong to expect something which is still under-developing mode to be supported by government. We first have to make bitcoin more successful as a community. Once we are able to create a solution which can ensure bitcoin could be used for next 100 years without any problem then government will also join the revolution. After all government wants vote.  Grin
16  Bitcoin / Bitcoin Discussion / Re: What bitcoin ideas do you have? Share it! on: January 19, 2020, 05:53:43 PM

Although I admire you with what you are doing, I think that you must pick the people who you want to share the information and if possible do some background check with them. Do they have experience in investing already into other investments or if they heard the word Bitcoin already.

Don't push yourself too because there is the internet that will help them to research more regarding Bitcoin if they really are interested into it. They will do some research if they find it interesting to invest their money with. All in all, thanks for sharing the information.

You will only search something on internet if you are really fascinated about it. Such interest won't develop automatically. It has to be passed from somewhere and words-of-mouth is best passage to share something new with people. Therefore, it is necessary that we forum members should inspire people around us to use or invest in Bitcoin. We should tell the advantages of using Bitcoins to people and how they can set up wallets or buy bitcoins.
17  Bitcoin / Bitcoin Discussion / Re: No one ever sells, nor buys anything in BitCoin.. Think this is wrong, read on! on: January 19, 2020, 05:27:11 PM
@OP you have to understand one thing, Bitcoin is not meant to overthrow US Dollar. Rather it is a mean to give some degree of financial freedom to individuals. Due to excessive laws related to earning and spending money, people usually are unable to do transactions without considering all taxes and fees. But using Bitcoins instead of US Dollars can give you liberty to receive or pay someone living in foreign country without thinking about any laws or restrictions.
18  Economy / Economics / Re: Thoughts on the World War 3 and its possible impacts on future? on: January 19, 2020, 04:46:52 PM
Things aren't as serious as hyped by the media. You can read the recent tweets from Trump and you will find the soft tone in them. Things are getting cold and it is hard to believe that we will see any potential war from this point of time. Moreover, even if any such war happens between Iran and US, it is hard to believe that it will end up in World War. This is a issue between two countries on very trivial matter, no other country will join war fought on such petty issue.
19  Economy / Trading Discussion / Re: 5 Easy Ways to Improve Your Cryptocurrency Trading Profits on: January 18, 2020, 04:49:54 PM
Article emphasis on the usage of various trading forms like future, margins, derivative as well as shorting/longing. But if someone is new trader, he must restrict himself to spot trading for the starting. Other forms can give you substantial returns but at the same time can drain your wealth faster if you aren't actually aware completely how they work. Spot trading on the other hand works on simple concept of 'buy lower and sell higher'. Profits maybe lower (you can also face losses) but at least you will learn concrete trading.

Once you are pro-trader, you can easily switch to other forms and increase profits as the article mentioned.
20  Bitcoin / Bitcoin Discussion / Re: What percentage of net worth do you invest in cryptocurrency? on: January 18, 2020, 04:08:20 PM
No offence to Bitcoin but I don't keep any portion of my net worth in cryptocurrencies. It is very risky plus I also don't by sleepless nights due to excessive movements in the prices. I only keep small amount of money in Bitcoin, around $80-100 to pay for any instant expense in Bitcoins.

I think 5%-10% is the percentage of net worth you can invest in cryptocurrency, although you can invest in any percentage you want. However, if you decide to invest more than 50% of net worth, you need to know the risk, so if something happens with your investment, you can find a solution to solve it. I don't have a fixed amount to invest in cryptocurrency because if I want to buy more bitcoin, I only use the money that I got from 2017-2018 so I don't use my savings in the bank to buy bitcoin.

Percentage varies depending on case-to-case. Younger individuals are more tend to take risks then the aged individuals having families. So young individuals can invest more percentage of their net worth in cryptocurrencies than latter.
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