I'm still gambling the same amount in USD weekly, though this does mean I am betting less in terms of Bitcoin. Might put in a bit more BTC as my holdings have appreciated in value quite a bit with this little bump in price. I don't think this particular bullish movement's going to massively impact gambling, but BTC getting some more attention might expose some more people to the world of crypto gambling.
|
|
|
Not a whole lot on my local Craigslist for sale accepting cryptocurrency, but I was surprised to see how many of the listings were cars or tractors near me. Also noticed an iPad Pro 10.5 with 256GB storage for around $500, and an antique tractor for around $3000 that stood out to me. Glad to see there's plenty of other crypto users in my city besides me. Haven't used CL in a while though I do occasionally look around for good deals on computer parts and computers.
|
|
|
I personally use Binance and Bitstamp for the most part. You won't need to complete verification for the former and Binance is great for crypto-to-crypto trades. Binance not requiring verification was a big part of why I mostly trade there. Bitstamp's decent for fiat-to-crypto transfers as they allow you to deposit money through SEPA, credit cards and wire transfers, though you will need to verify yourself before depositing or trading. Volume's typically very good at Bitstamp as well.
|
|
|
Heck, even crypto card services that require ID are having trouble at the moment AFAIK as their accounts are simply being closed by card issuers like Visa. I find this pretty suspicious personally just for the anonymity, though I would not call this a 100% scam yet. If you do receive the card, don't put more than you can afford to lose on it.
|
|
|
Most people make money through gambling with arbitraging, and some sites actually do take action against you if they notice you doing this (sometimes locking your account as well). If you want to get into this, keep in mind this is as difficult as any other occupation like trading and it will take time to get good at arbing. It's impossible to make a consistent profit from a game like dice since such games are purely luck based and house edge prevents you from making a long-term profit.
|
|
|
If you do happen to find some sort of exploit to a casino, report it and the site may even possibly compensate you as part of a bug bounty if the site has one. It's not guaranteed you'll be compensated in any way for finding critical errors, but it's likely most sites will and you won't be breaking the law by doing so. Every site has at least some bugs and realistically you will never get rid of all of them, even the best-designed ones.
|
|
|
Decentralized exchanges are great on paper, but most of them have pretty low liquidity compared to more centralized exchanges and some of them can be a bit difficult to use, even though most newer DEXes are designed to be simple and easy to use. Wouldn't recommend using a DEX to a newbie, but feel free to try them out. More and more exchanges are starting to request KYC documents (even LocalBitcoins), and DEXes may become important in the future just because of this.
|
|
|
I've got a small contract going at Bitdeer and I'm mining BTC. It's currently more profitable so I'm mining on that chain, and there's no guarantee that BCH will rise in the future even though you might think it will. There's already enough variables in mining, adding more does not help. If you really think the price of BCH is going to rise you can just buy BCH, hold and sell when it rises as well.
|
|
|
The low-quality pictures of the miners and their prices on the homepage of the scam FusionSilicon site was a pretty big giveaway that the site was a scam to me. Most of the other pictures on the scam site are also very low-quality and seem to be ripped straight off the legit FusionSilicon site as well. Also did a quick whois lookup for the scam site, shows it was made sometime in February. Domain Name: FUSIONSILICON.ORG Registry Domain ID: D402200000009299417-LROR Registrar WHOIS Server: whois.networksolutions.com Registrar URL: http://www.networksolutions.com Updated Date: 2019-03-03T21:23:05Z Creation Date: 2019-02-16T15:48:40Z Registry Expiry Date: 2020-02-16T15:48:40Z Registrar Registration Expiration Date: Registrar: Network Solutions, LLC Registrar IANA ID: 2 Registrar Abuse Contact Email: abuse@web.com Registrar Abuse Contact Phone: +1.8003337680
|
|
|
A ton of other scams on this forum also happen through Telegram and other sites like Discord. Always try to communicate on this forum as much as possible unless there's some special circumstances. Signals aren't the best in general in my experience, both paid and free, but there's really nothing anyone can do on this forum in case you get scammed through another site. It's going to take time to gain experience in the crypto markets, but that knowledge is invaluable and it's going to help you out much more than buying signals from someone else, who could just scam you right off the bat.
|
|
|
Web wallets are great for use as hot wallets and I primarily use them for that purpose. I keep a trivial amount of money on my Blockchain wallet for daily use with the Blockchain app, and it's much more convenient than using another sort of wallet. I've had my Blockchain wallet compromised in the past, but that was entirely my fault as I was using a password that I used on another site that had its passwords leaked. Wasn't a big deal because I wasn't using the wallet as my main form of storage though. As long as you use a unique and reasonably long password and you don't keep a large amount of money on a web wallet, they can be just fine.
|
|
|
Nitrogensports has always been my favorite sportsbook to use, though there's been a few (mostly) resolved scam accusations against them recently. I've never had any issues with Nitrogen, but I'm staying away from them for now.
Bustabit is another one of my favorites, and it was actually one of the reasons why I got into cryptocurrency in the first place, and probably my favorite game in betting besides esports betting. Nothing feels better than cashing out with a multiplier of 5-10x.
|
|
|
I really wanted to try gambling on esports. Now that I know there is a website that supports them, thank you, may I ask just one question before I create an account.
Do they require KYC at payout or withdraw? Are they like most exchanges?
Depends what site you use. Most sportsbook sites accepting cryptocurrency do not require any form of KYC, but some shadier sites might at withdrawal if you win a decent amount in an attempt to stop you from withdrawing. A search about the site on Bitcointalk should reveal whether or not the site you're looking at has required people to submit KYC or not. I think everyone in the forum did try at least once to gamble in sport betting with bitcoin, in fact I think every one here has started gambling in sport betting and very few persons have started in roulette or slot machines.
I think sport betting is more attractive than casino slot games.
I actually started out with crash betting, slots and roulette, but I largely moved away from those games when I saw the house edges many of those games had. I still do bet a little on bustabit every now and then though.
|
|
|
I got an email like this as well, best thing you can do is just comply and send your ID anyways and just never use their services again if you want your funds back. Any sort of legal action is going to likely cost more resources than what you could potentially gain. Try using another exchange in the future that doesn't require you to submit documents to use their site like Binance or try a P2P trading site like Paxful in the future (LBC's going to start requiring people to do KYC in the future).
|
|
|
Honestly, just go the extra effort and go use Binance[1]. It might take a little bit longer to convert your coins due to the slightly longer process(compared to instant exchanges like Bitify, Selly, and ShapeShift), but you'd get better out of your money due to the lower fees and due to the better liquidity.
[1] https://binance.com/Bitify's not primarily an exchange though, it's a crypto-based marketplace where you can buy digital goods and services with escrow, though there are people who buy BTC for PayPal there. I do agree that Binance is a good exchange, though. As for marketplaces with escrow, Bitify's really the number one out there right now. People like to use the escrow on the site, especially for digital goods, and I've used the site in the past and I have gotten better sales on Bitify than other sites like Selly or Satoshibox. Site support's a bit slow but otherwise still good.
|
|
|
Bitpay's indeed not a bad choice, though there are pretty mixed reviews with Bitpay and a lot of Bitcoin and cryptocurrency debit cards are being closed by banks for various reasons recently. With all the things going on recently with crypto credit cards and banks you're likely going to have a much smoother experience just exchanging crypto to fiat through this forum's currency exchange section or an exchange.
|
|
|
I expect many users are going to move to another similar P2P exchange site like Paxful, but who knows how long it'll be 'till even Paxful starts to request KYC for all of its users (they don't currently unless you want to become a 'verified trader' IIRC). Might not even be that bad if LBC's not asking for heaps of information like traditional centralized exchanges do, but we'll have to see. They're also implementing different 'levels' of verification as well with different amounts of volume available for each level, so hopefully those who choose to minimally verify themselves have at least some level of access to the site still.
|
|
|
There's already many provably fair smart contract-based casinos out there on blockchains like Ethereum's and TRON's, but that really does not mean much if you don't happen to go through the code and verify things are as they should be. I suspect very few people take the time to do this. A lot of those casinos also make it pretty difficult to view the actual smart contracts as well, disappointingly. There's definitely potential in smart contract casinos, but more centralized ones will likely stay on top for a while more.
|
|
|
Nice guide! As for a few extra resources available on teams and players for some esports games, Liquipedia ( click for link) has a great deal of information on past and future tournaments for a whole lot of esports but primarily CS:GO and Dota 2, for tournaments both small and big. HLTV ( click for link) is my personal favorite resource for CS:GO as the site provides individual pages for matches in various tournaments and in-depth information on any CS:GO team, as well as a timetable for future matches. Nothing's better than HLTV for CS:GO.
|
|
|
Where is good place sell Mining equipment (in USA) other than paypal?
This forum's Computer Hardware section ( click for link) is pretty good for sales, especially for transactions involving cryptocurrencies. Plenty of traffic in that part of the forums too. Make sure you use escrow so you minimize your chances of being scammed if you do choose to sell equipment here though.
|
|
|
|