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June 22, 2021, 12:08:27 PM *
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1  Bitcoin / Bitcoin Discussion / Re: Some words of encouragement during this market crash on: June 21, 2021, 09:08:41 PM
The markets is looking horrible and I know some of you want to hear some fact based words of encouragement. Its hard to comprehend this at the moment. But we have not reached the top of this cycle yet. This looks a lot like 2013 when the market crashed half way through the cycle before continuing upwards. Just check the charts and compare it your self. Bitcoin bull markets end in fireworks not crabbing formations. If you are in then just hodl and do something productive until August. If you aren't in yet, then start DCA'ing. Peace.
It's not as horrible as the last crash we had back in 2017. And it's not the first time we are seeing something like this. Most of the people were already expecting this crash and it was long overdue. Those who are selling are going to regret in the future. Currently seeing the "death cross" FUD being spread. We probably might have reached the death cross, but selling due to this won't get you anywhere (unless you no longer can risk and want to get out). The value has already reached $32,000. Buy as much as you can afford to maximize your profit. And what makes you confident that we are going to see a bull run on August?
2  Bitcoin / Bitcoin Discussion / Re: Is BTC Volatility More of an Advantage than Disadvantage? on: June 21, 2021, 08:02:22 PM
One of the undeniable features of BTC is price Volatility. When the market is green, a trader can run into massive profits. However, on a bad day ones Portfolio can varnish within hours. My question, is the price volatility of BTC more of an advantage than disadvantage to traders?
Isn't bitcoin or crypto currencies being very volatile is what stopping people or making business hesitate to accept crypto currencies directly?  In case of using crypto currencies as a regular currency, this is actually a disadvantage. Now you might argue, why not use stable coins? Stable coins has their own issues like centralization.
In case of trading, I would say high volatility is still a disadvantage because people would then have to bet on the coins to rise or fall and it would become more speculative. Like one of the users said over here, volume is what matters most.
3  Economy / Gambling discussion / Re: How does on-line compete with the VIP experience on: June 19, 2021, 02:08:35 PM
We all know that off-line casinos tend to take very good care of their most valued clients, that is, those who spend large sums and are more or less loyal to an specific place. Freebies, guest experience managers at their service and any other amusement they fancy. On-line is much more difficult in that sense and sometimes I also wonder what can be done for a more personalised experience on these.
It may not be possible to reach the same level as the physical casinos, but what would you like to have on these that would make you feel better treated?
Most of the online casino does have a VIP program where high rollers and those who spend a lot on the casino are rewarded very fairly. Though most of the rewards are always in crypto such as free coins or cashback. Each casino has their own way of giving back to their users. If you look at cryptogames VIP program, you will see that they are rewarded with free coins, faster bet speed, exclusive badges, vouchers and they also enjoy lower house edge. Don't you think having permanent lower house edge is better than getting cashbacks?
4  Economy / Gambling discussion / Re: Crypto gambling is the worst piece of shit you can imagine on: June 19, 2021, 01:51:45 PM
Why??? Why would anyone play on these when there are eur and usd casinos and poker rooms?
Because they want to. You have a problem with that? They probably find crypto currencies more flexible and easier to use. Probably there are people that likes to gamble with the profit/gains they made from investing in crypto.
I try to move money to Coinpoker.com or any crypto poker and the minimum transaction fee for btc is over 20$ When my intended deposit 20$.
After the fees to get money on crypto poker my remaining balance is 0
While when you do usd or eur there no big or no fees at all and the deposit is instant to while crypto not.
Then why are you playing with bitcoin when you can't afford the fee? Stick to fiat since you think it's better to gamble with. No fee, nothing... Why are even crying over here?
Burn down bitcoin!!!! It's the worst useless, inferior shit you can imagine, how did ever get a market value
You hate bitcoin, fine. What are you doing here? Why is it bugging you a lot?
You see here's the thing, I did go nearly 8 days without eating anything, collapsed and starved like a mad man because nobody on this forum had enough integrity or kindness or reason to lend me 20$
20$ Ficking bucks! And to this day still nobody has done so.
Now imagine the transaction fee being 20$, a week worth of Ficking food that could be the difference between life and death and you can't even use Bitcoin for that amount of money
So you are bad because people didn't lend you 20$? Lol, okay.


5  Alternate cryptocurrencies / Altcoin Discussion / Re: Dogecoin is shit coin , Says Shiba Community. on: June 19, 2021, 01:44:20 PM
DOGE is LTC fork. Nothing more as far as i'm concerned. Coin does not need to be on the market for 10 years to be safe in term of unknown weaknesses. But i do agree that doge has been attracting new community steadily over the last 10 years, and gained a relatively strong position despite starsting as a meme. Doge was here without Musk and will be here after musk will stop to tweet about it.
People used to call doge coin a meme coin. Nothing else. It has no real use case. People just used it for fun. It was used for "tipping" users in forums and other communities. It started as a meme coin and will always be a meme coin. No one cared about doge coin until Musk started talking about it. So if musk leaves, there is a high chance the price of doge coin will drop back to where it was before.

While shiba is just a meme made from meme.
Shiba is a meme coin made from meme just like doge coin made from a meme. It's funny to see how each are calling the other shitcoins, despite both being the same,
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Is this a bad time for altcoins? on: June 19, 2021, 01:16:10 PM
Why do I see legit coins with real utility and transparent, excellent devs not doing well but shitty meme coins just flying?
How do you define "doing well"? I am assuming you think that the coins that have higher value or coins that gets pumped are considered good coins? That's not true. The value doesn't define how good or well the crypto currency is doing. There are probably many undervalued coins out in the market that hasn't yet been recognized. Probably those coins are not ready or has more work to do. As for shitty meme coins skyrocketing, it is because of the current meme trend. People are gambling here. They know when the trend ends, those meme coins are going to die. They are just waiting to exit at the right moment.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: What would the ideal cryptocurrency ecosystem be like? on: June 19, 2021, 12:37:14 PM
Does ecosystem even exist in the crypto currency world? What exactly do you even mean by ecosystem over here?
We know, that nowadays many blockchain platforms with their respective coins are competing to be number one in the cryptocurrency space.
And that's a good thing, isn't it? More competition means more development. If there was no competition at all, we would just see one platform leading and probably monopolizing everything. If they didn't had any competition, they wouldn't want to add/develop anything on their existing platform. This is true for everything.
There are people who agree with Ethereum and there are also those who agree with Binance as one of the best as a place to create smart contracts (for example).
People have opinions and preferences. One might like Ethereum, others might like Binance. They all have their valid reasons and to each their own. None of the system us perfect though. Each will have or has their own flaws.
8  Economy / Economics / Re: Are you investing in crypto currency alone? on: June 18, 2021, 11:03:05 PM
It's best to diversify your investments on different places likes stocks and maybe bonds. You should invest in crypto currencies only if you can afford to lose. The crypto market is very volatile and investment over there has a very high risk. If you are willing to risk it, then go ahead. Invest everything (that you can afford to lose) of crypto currencies. As long as you are investing in one of those top well developed coins, and planning to hold long term, you will highly like be fine and make some good profit. Just don't sell at a loss.
9  Economy / Economics / Re: Is Covid-19 carrying the growth in digital currencies? on: June 18, 2021, 10:54:13 PM
Over the past one year the activity of people on internet have increased a lot. This has made People to explore more opportunities available online. One among that is the cryptocurrency. People who believed bitcoin as a scam and trap have now begun to invest on cryptocurrency. This is transition due to better understanding about the market.
Why would someone who think bitcoin was a scam and a trap, start to invest all of a sudden? Is it really because of the better understanding of the market? Is it because they have seen the charts and saw how good the returns are? Or is it because they have actually learned about the technology behind it and how it works? If it is the latter, then that's a good sign. If it's the former, not good for the community.
Another thing is the price increase of the year. This has made more number of users take a look upon bitcoin, and the same has made them get into cryptocurrency usage. Hope this trend will continue even after the pandemic comes to end.
People that are joining after seeing the price rise, are the ones that cry when the market crashes and they sell their coins at a loss.
10  Bitcoin / Bitcoin Discussion / Re: Google has lifted its ban on crypto advertisements on: June 18, 2021, 10:35:09 PM
I do remember that google did impose bans on crypto advertisement. Facebook followed the same thing too few days later. But didn't they lift the ban after a year or so? I am almost sure I have seen crypto advertisements on google ad sense. And what if the company is outside the US? They can't register with FinCEN. How are they going to advertise then? But yeah. Good move by google. It looks like more companies are starting to recognize crypto industry as a legit industry.
11  Economy / Economics / Re: Aren't we the reason why BTC is becoming too much centralized? on: June 18, 2021, 10:27:49 PM
So whenever Elon Musk tweets, we panic sell.
Whenever China says something like they'll stop mining and add some extra official shit to it, we panic sell.
When USA says their investors will need to disclose their crypto holdings over a certain amount, we panic sell.

On every panicking news, we panic sell.
They create enough FUD, and we panic sell.

I know I've used the "panic sell" so many times, but have you, for God's sake, ever imagined with a cool mind that whenever we panic sell during shakeouts in the markets, we are actually giving away our BTC to those big institutions who are willing to snatch it away from us, yeah I mean it, every single drop of BTC seems to be taken away from us and it'll be no longer an average guy's BTC which was Satoshi's vision (don't pull me on this, understand the emotions). So if it goes into the hands of these institutions and governments completely, where will we stand? Nowhere. Why don't we understand that it's all more of an intrigue well thought out to wipe out every single BTC hodler (even the smallest one out there) and take away the control from the hands of common people whom Satoshi Nakamoto left BTC with.
There will always be people in the market that will panic sell. Others are aware of them. They also starts selling so that they can keep their profit and then buy when the crash is over after most people sell their coins. This is how the market works. No one cares if it is becoming centralized or remains decentralized. Right now most of the people are here just for making profit. A sad truth. By the way, I was expecting this thread to be about how the government are slowly imposing small policies that will eventually make bitcoin somewhat centralized.
12  Alternate cryptocurrencies / Altcoin Discussion / Re: Exiting altcoins at the correct time is the best thing you can do do with them. on: June 18, 2021, 10:21:19 PM
Not really. All altcoins aren't shitcoins. You have to exit at the "correct time" when you know you are investing in a shitcoin. Those coins usually gets hyped at the beginning and then gets pumped when everyone starts to invest in it. Once the hype is over, most of the people starts to dump the coins and take their profit. This is when the people that exit at the right time makes profit, while those who exits at the wrong time, loses everything. Even if you are at loss, never hold your shitcoins. Highly likely it will never go up again. Better to make some loss and save some of your investments.
13  Bitcoin / Bitcoin Discussion / Re: Why are we all waiting for a certain price to sell Bitcoin? on: June 18, 2021, 05:57:33 PM
Do we all want Bitcoin to be a payment system? Do we want a future based on Bitcoin and decentralization? Do we want bitcoin to succeed? Why then do all the biggest Bitcoiners wait for a certain price to sell. Someone goes to a press conference and says that he is a bitcoiner and will not sell at a lower price of 100k or 500k or 1 million. If you want a bitcoin world, a bitcoin future and a payment system, why sell bitcoin at any price? And that's what people say at bitcoin press conferences
Most people are here for the profit. Nothing else. Some will deny that they are here for making profit but using it because they think bitcoin is very flexible when it comes to making transaction. Their claims about bitcoin being very easy to send might be true, but trust me, most of them will exit as soon as they manage to make good profit.
I wouldn't blame them. Bitcoin currently isn't suitable for using it as a regular currency. It is more suitable for using it as a store of value.
14  Economy / Gambling discussion / Re: My evolution to playing on Bitcoin casinos on: June 17, 2021, 09:51:32 PM
A good casino should have a fair RNG. Indications of the game being fair, are when you have both winning days and losing days. If every day is a losing day, I think most can agree that's not a fair system.
By everyday is a losing day, you mean that the guy ends up with net negative profit for that current day? If that's the case, then no, it does not indicate that the system is not fair. You can end up with a loss almost everyday. The more you keep on playing, the more you will lose. But sadly, people thinks that they are getting scammed when they can't make profit.
Mostly the ones afraid they might have a hard time withdrawing their money.
As long as they choose a legit casino and has done nothing suspicious, they shouldn't be worried about having a hard time withdrawing their money.
15  Bitcoin / Bitcoin Discussion / Re: I have concluded that all governments together can't stop bitcoin on: June 17, 2021, 09:12:34 PM
They can, but they won't or else people will be against them. Imagine all government of the world made owning bitcoin illegal in their country. This would cause a mass disturbance to market. General people will highly like lose faith on bitcoin since they won't be able to use it illegally. Others will continue using it, but on the process will be convicted for breaking the laws. People can still continue using it as long as they don't interact with fiat currency. So yeah, the government together can't stop bitcoin but they can stop people from using it. But that's very unlikely to happen.
16  Economy / Gambling / Re: 🤜 GamblingBro.com 🤛 Your cryptocurrency gambling bro [New Roobet Review] on: June 17, 2021, 04:20:05 PM
Guys, thank you all for the feedback!

Right now I am choosing a casino for the next review. Please share your ideas regarding the brands that could be reviewed.
That's a nice review website you have there. Looks like you have just started? If you are looking to add more casinos, have a look at CryptoGames (crypto.games). It looks like you haven't reviewed it yet. Would be great if you do that. Here is the announcement thread. If you want to learn more about it, or need any help, just send me a message over here or contact "marketing@crypto.games". Or you can always use the "live support" if you have any question.
And don't forget to add your affiliate link when linking to the casino  Wink.
17  Bitcoin / Bitcoin Discussion / Re: Tanzania's president is now calling for Bitcoin and crypto adoption on: June 17, 2021, 06:43:15 AM
Tanzania's President Samia Sulhulu has asked the country's Central Bank to start exploring the crypto sector. "We have witnessed the emergence of new journeys through the internetůMy call to the central bank, is to start working on that development," she said.
after el salvador legalized bitcoin, now other countries are starting to consider legalizing bitcoin, Let's wait and see who else will follow El Salvador's steps..
Good thing, isn't it? But when? We have been seeing many countries saying the same thing for decades. But most of them do nothing. Now with El Salvador making it a legal tender, once again, many countries are "saying"/trying to do the same, but how many of them are actually willing to do it?
They are just trying to gain some attention from their people. Probably they should stop talking (like all politicians do all day) and start working?
18  Economy / Economics / Re: Bitcoin Economy on: June 17, 2021, 06:18:52 AM
Bitcoin and blockchain is just a new thing for everyone. It has been a decade, but it has become a controversial topic the last few years and now more people are knowing about it. Before this, only few people were involved with crypto currencies and others didn't take it seriously.
As crypto currencies are slowly becoming a mainstream currencies and more researches will be done on the economy. There are already organizations and even the government that are funding people to learn more about blockchain, crypto currencies and the impact on the economy.
19  Bitcoin / Bitcoin Discussion / Re: What is the most optimistic result of Bitcoin? on: June 16, 2021, 09:10:46 PM
I think the most optimistic outcome for Bitcoin would be to return to its roots, which is to play to the nature of bitcoin as a currency, as the opposite of global fiat currencies, coexisting with global fiat currencies and ready to replace the declining credit of fiat currencies, such as overissued US dollars.
Bitcoin was supposed to be used as a currency, but there are some flaws with bitcoin that makes it almost impossible to use it as a regular day to day currency. We need to fix this issue without bring any risk to the security or changing the protocol. I doubt bitcoin will ever replace the current fiat currency anytime soon. The government around the world will not allow that to happen. The best we can see is that other centralized crypto currency (most likely made by the government) replacing the current fiat system.
20  Economy / Speculation / Re: Why do you say that some people will never be able to make money with Bitcoin? on: June 16, 2021, 07:46:35 PM
In the crypto market, there are many people who get rich overnight, and there are also many people who lose their fortunes.
True, there are many people who get rich overnight. Those are the ones that get lucky. They just invest enough on some shitcoins that gets pumped overnight and they make their fortune. The chances are very low though. Hence there are even more people that loses everything because they go all in on shitcoins with the hope of getting very lucky. You have to think about the risk-reward ratio when it comes to investing. If you can afford to lose your money, then sure, go ahead. Try investing in those shitcoins, but keep in mind, you will lose everything.
So what kind of people can make money with Bitcoin?
Not sure what you mean by this. Anyone can make profit with bitcoin. Invest and just hold. Don't sell when you won't make profit.
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