-snip-
I saw this on the internet that Twitter now supports Ethereum wallets on its tipping feature. This is like the social media trying to have a link with cryptocurrency and that will create more expounding for them. This is like another means that Ethereum is going to go into more use and popular apart from bitcoin that is already going into legalization in Russia and Ukraine etc.
Why Ethereum instead of other coins that has low fees or at least a reasonable fee. Even bitcoin would have been a better option. I doubt anyone would want to spend $15 for sending a $1 tip for a good tweet. They probably will be using off chain transaction for all the tipping, but then what's the use of "supporting Ethereum wallets"? I doubt anyone would be able to withdraw anything from their wallets due to high gas fee. They should have used some other coins. |
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I lost 430$ to a metaverse scam project yesterday, the project looks a lot like a professional job to me, everything was so detailed that you can't easily smell any rug pull, here is the project's website https://markmeta.finance/ but unfortunately it's a scam project, you can buy but you can't sell so here are what I find out 1. The price of this token kept surging and surging, there was no retrace or whatsoever which to me is a red flag, the whole chart was a straight line aiming for the moon. 2. Telegram channel was restricted, no one can make comments or send messages, another red flag that I don't get suspicious over It's too late already but hope someone learn one or two lessons from this The name of the project itself says that it is a scam project. Why do you think they named their project "Mark" and "Meta"? Mark Zuckerberg and Facebook Meta? They are using all those hyped terms to attract users and then scam them. Oh, and don't invest in any new projects that has the term "finance" on their project. All those projects are scam. And you already saw those red flag, then why still invest? To try your luck? |
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Hi guys,
what is the actual status of Blockchain Gambling, is there now Live-Roulette running? I ask this, because i don' t like to be scammed anymore through the middle man Online Casino.
The last one (fortunejack.com) stole from me 20$ It' s not much money, but under this conditions i can' t gamble with serious money.
You mean blockchain based decentralized casino? I have heard there are few, but don't know how they work or what their current status is. I would suggest you not to risk anything in those casinos. Why not choose a casino with good reputation that has live roulette? Casinos that has good reputation won't scam anyone, at least not for $20. Keep in mind that most "Live Roulette" isn't actually provided by the casino themselves, but by third-party game providers. |
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Hi fellow gamblers,
I live in a country where gambling is actually legal, but due to some religions that consider gambling is illegal... gambling is pretty strict in my country but it's still allowed if you play on licensed casino, that's just my story.
Well, I've seen so many online casino in this forum and it's really attract me to play. But I don't know why I can't access the casino, while I can access the other casinos. My internet connection is good and my country doesn't got blacklisted by the casino, what's the problem then? Does this because my internet service provider, what should I do to solve this?
I wouldn't play with VPN since it's breaking their rules, I'm really looking to solve this. It's really sad when you want to play on specific casino but there's a barrier obstructing your desire. I know there's an alternative casinos, but I have some personal reason to play in specific casino...
It is not because of your internet service provider. There is nothing that you can do to solve this. Since you can access other casino, but not that specific casino, then it is probably because of the license the casino has. The license won't allow that casino to serve users from your country. Or the casino has decided that risk of serving you and your people is high (due to your local laws), hence they prohibit registration from your country. VPN is one of your option, but if that casino has KYC, you will eventually lose access to your account and/or your funds. |
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Last time, I gifted my sister some ETH to hold on her Trust Wallet and she plans to keep it for a long time due to her belief that it can go even higher.
-snip-
I already educated her the basics about private keys, seed phrases, etc.
That's nice that you sent her some ETH as a gift and you taught her about private keys and how to keep her wallets safe. This means that she is new to crypto currencies and she already believes that ETH can go higher. Lol, did she do her own research and saw the potential of ETH or does just "believes" it will happen because you know... she believes. Here is where the problem is. Instead of teaching them that bitcoin and crypto currencies will only give you profit, teach them the advantages and the use cases of those crypto currencies. How they can be used and why they are better than fiat currency. This way people will not only hold them for profit, but also use it for its use cases and eventually make crypto currencies something mainstream. |
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Betting multiple times simply decreases your chances of winning anything, but increases your bet multiply.
-snip-
Betting multiple times doesn't decrease or increase your chances of winning anything nor does it increase or decrease your bet "multiply". When you place a bet and the win chance is 50%, then the win chance is 50%. If you place another, it is still the same. You have 50 50 chance of winning. Your previous bet result doesn't affect the win chance of your next bet. There is something called gamblers fallacy that people think if they keep on losing previous bet, they will win the next bet. Doesn't work that way. But yeah, if you keep on playing, in the long run it is only the house that will win, not you. |
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Lots of people including me, think that mete will bring another revolutionary change in future if it will be done successfully but the question is, is it possible within so short time as crypto projects are promising? Obviously No and meta Won't be easy to done as told. so currently meta is nothing but trying to create hype, which is already successful and will be more skyrocket day by day. Op you can visit cmc metaverse sector for list of metaverse tokens. Dont forget to ivestigation before go ahead with any metaverse token
Virtual Reality and VR based open virtual world existed even before the "meta" hype. I don't think it will bring any "revolutionary" changes in the future that you are thinking about. Currently it is all about hype. Look at all those "meta" worlds. There is literally nothing you can do other than buy and sell NFT based lands and other things. It's right now more like making as much as profit from it before the hype dies. People are either investing in those meta world or the meta tokens with the hope of getting rich. Is getting rich the "big revolutionary change" you are talking about? |
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What is this world government you are talking about? I don't see anything written about it on your post other than talking about the States. Why all these attacks?
All they are trying to prove is that "bitcoin" is evil and shouldn't go mainstream. They are trying to prove that bitcoin should go mainstream only if the government is able to control it (hence the talk about regulation and control of the flow of crypto currencies which hysterically is funny which indeed does contradict what they are saying). And you are right, all those rise of crypto on wall street can cause financial crisis is bullshit. They are just trying to scare "the people" into passing all the bills they want. |
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It often become a good opportunity when you sell at a peak and after that the correction come and you buy again with low price but many people miss that opportunity who then regret but I do not regret when I miss that opportunity because I do not do greed and remain satisfied with my current amount of coins and I know in the future the price will grow again to another ATH and my current coins are enough to give me enough profit. With this thought I keep myself tension free.
What is your views and conditions at that time?
No one knows what the peak is going to be, so what's there to regret? What if you thought that the price has reached ATH, you sold, but then you see that the price is going for another ATH. Will you be regretting? Don't. Instead, set a profit goal. Keep holding until you reach your profit goal. Doesn't matter if the ATH is going to happen or not. If you have made your profit and you are ready to sell, then sell. Reinvest if you want (and if you are able to afford), hold and then sell again. Keep doing this and you will be making some good profit. Remember, you should only regret if you make a loss because you sold when you didn't have to. |
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Recently India has passed a crypto bill to tax crypto income by 30% but at the same time claiming that taxing cryptos doesn't make them legal and states it's country's sovereign right to tax crypto and this atrocity doesn't stop here as they have mentioned that the decision about banning crypto or legalizing it will taken after further consultation. Can they tax something which is not legal? How can a country tax something which is not legal? Moreover they still have plans of banning crypto since they are not clear about their stands on legalization. Not sure if it's an attempt to unofficially break the crypto market in India or what's going on. Share your thoughts on this. Source: https://www.businessinsider.in/cryptocurrency/news/taxing-cryptocurrencies-does-not-give-them-legal-status-clarifies-indias-finance-minister/articleshow/89500097.cmsWait, didn't they say that they won't ban bitcoin anymore and will instead tax it? And now they are once again talking about banning? What is this country actually up to? It's funny to see how they still can't decide what they want to do with crypto currencies. As if taxing their citizen 30% wasn't enough for them. I guess by "legal" they meant that taxing doesn't mean that they are now considered as a legal tender. This means you are free to trade, use or accept bitcoin but it is not mandatory for someone to accept it as a mode of payment. I mean when you pay with bitcoin, the merchants can deny this form of payment (since it isn't a legal tender) and ask for fiat money. |
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The same whales are going to be the one that dumps all the SHIB they have invested in. They are taking the opportunity of this bloodbath to invest as much as they can and cause a small rise on the price. This small pump will give people hope, articles like the ones you have posted will start flooding the internet and then people will FOMO into it cause the price to be bullish. The whales will start dumping their coins, others will follow and those who FOMOed will make a loss if they sell, so they will either keep on holding or cut their loss short. This is how meme coins usually work.
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Recently, I went through the article about the biggest cryptocurrency fraud in history executed by a married couple. Ilya Lichtenstein and Heather Morgan, husband, and wife, have been tracked down by the FBI for laundering 119,754 bitcoins from Bitfinex five years ago. After many attempts to rinse the money through chain hopping on numerous anonymity enhanced cryptocurrencies like monero. The FBI was able to apprehend them. I want to know, what else does the government want to regulate the cryptocurrency blockchain for if the FBI can perform such a rigorous search on all the virtual accounts that have been created online by the couple? And found the private key linked to the wallet that received the funds, and they recovered over $3.5 billion and recorded it as the biggest seizure in the cryptocurrency niche. “Criminals always leave tracks, and today’s case is a reminder that the FBI has the tools to follow the digital trail, wherever it may lead,” said FBI Deputy Director Paul M. Abbate. I think the transaction the Government cannot track in the block-chain technology has not be made. FBI claim that they will endeavor to trace any fraudulent activity in the cryptocurreny network through their 21st century investigative technique. (I don't know what they mean by that) we're able to uncover the source of even the most sophisticated schemes and bring justice to those who try to exploit the security of our financial infrastructure. -snip- Read: https://www.justice.gov/opa/pr/two-arrested-alleged-conspiracy-launder-45-billion-stolen-cryptocurrencyThey were stupid enough to send their ID and verify themselves on a centralized exchange and send coins to the exchange wallet where the exchange was able to link the transactions to the stolen wallet. Yes, bitcoin transactions can be traced to you, but they won't know who YOU are unless they somehow manage to link you with the address (KYC, sending documents or interacting with wallets that has been confirmed to be associated with you). They probably would have never been caught if they knew how to stay under the radar. |
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I don't think they are doing this to create centralization. More like to keep power usage under control or something similar. -snip-
Normally, Bitcoin mining is censorship resistant, I do not know how this will be taxed in a way the government of Russia will not make Bitcoin to becoming a centralized asset like making miners addresses compulsorily mandatory for submission for the government to track in a way the government can be able to tax Bitcoin miners in Russia. Or how is this done in countries like US, is Bitcoin mining taxed?
I doubt they will ask for miner addresses and other stuffs so they can track miners. Even if they ask for miners address, the miners can change their address or also mine using a different address and the government will never know. They will have to trust that their bitcoin miners will report their earnings to the Federal Taxation Service. Small mining business can go under the radar and hide, but big business won't be able to do that and will have to report their earnings. |
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I am have nothing against nor am I a huge fun of NFTs They are new and still the best use cases hasn't been discovered. But there are few things that you mentioned seems to be wrong about NFT. NFT's are unique pictures stored on a Blockchain and it gave a big hype around NFT's so far.
But please do your own research what is a NFT. It is just a picture stored on a blockchain and every day new pictures are launched.
It is not really scarce when always new collections are launched.
NFTs aren't just only "pictures". They can be anything. They are scarce as long as unique and only one of a kind NFTs are minted. Over time, only very few people will buy such pictures and NFT's will get very hard to sell because nobody wants to buy old NFT's in a few years. Why should someone still pay high prices for such pictures?
Wouldn't "older" pictures be more rare and cost more? The older it is the more people will want to buy. This is how it usually works. The newer ones are also cheaper until they age. Over time, only very few people will buy such pictures and NFT's will get very hard to sell because nobody wants to buy old NFT's in a few years. Why should someone still pay high prices for such pictures?
I thought they buy NFTs not as an investment but to showoff their wealth and to "uniquely" own something? |
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Not sure why you said "enraged" instead of "hyped". According to your post they are hyped that Microsoft might integrate a dog based coin (SHIB or DOGE) to their system, not angry and furious that is not enraged because of that. What do you think guys? Lots of people tweeted about this topic. Is it an opportunity to go up for SHIB?
It's a meme coin. Even if they know Microsoft wasn't talking about SHIB, they will still hype it so people invest/FOMO into SHIB causing the price to pump and go up. Don't fall for speculation or hypes. It's too risky. |
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Shitcoins aren't ponzi scheme, but are somewhat a kind of scam which everyone knows but yet, people still invest in those coin because they all want to get rich real quick. Go to the subreddit of those shitcoin and you will see every investor trying to hype the coin so others invest in the coin, cause the price to pump and then dump and exit with their profit. It is more like every investor trying to scam each other. But at the end, it's the developers who take all the profit and leaves.
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They want to ban bitcoin because they don't like it. Bitcoin threatens them. If bitcoin becomes mainstream, why would anyone would want to use the bank when everyone can be their own bank? No third parties involved and you can do whatever you want with your own coins. You don't have to answer to anyone when you will want to spend or move your coins. The central banks won't ban bitcoin but they will eventually integrate crypto currencies to their system (which will make crypto currencies centralized if people choses to take their service).
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Is it just luck that I made most of my money from shitcoins and meme coins? While people are hating I always make sure I got in early and I ended up smiling, if you bought shiba at few weeks of release you know what I'm talking about, I do get some big altcoins too but this so called shitcoins gives me the best profits.
You got lucky. You invested in one of the top well known meme coin, and you made some profit due to the current increase in price (which wasn't a lot, so not sure why you are trying to sound like you got rich overnight). Look at how many more meme and shitcoins are there in the market. And see how many people lost their money investing in those shitcoins. Only few people get lucky. Rest loses everything. Not worth taking the risk. So stop encouraging people to invest in shitcoins. |
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Any potential "WW3" scenario is going to tank BTC, people will diversify into hard assets.
A small scale invasion shouldn't have a large impact. Small scale meaning Russia and Ukraine involvement only, oppose to NATO countries and the West getting involved. The U.S. has made clear they will not be entering a war so we don't have to worry about the U.S. economy taking a hit. Russia can't afford a war either but their GDP isn't large enough to make a difference in the price anyways, so their economy is rather inconsequential (absent of full collapse, then clearly that has implications).
Follow the oil, though. When the oil reserves run dry because Russia cuts off supply, then you might worry.
You are saying the exact opposite. If a " potential ww3" scenario takes place, everyone that is smart would dump their "hard assets" and invest as much as they can in bitcoin and other crypto currencies. You know that when a country is at a war, the government can confiscaste your gold, properties and other assets without compensating you right? They won't be able to do that if you hold bitcoin or other decentralized crypto currency. |
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People that say the bull run has been delayed or that the next bull run is after two years, ask them why they think what they are saying is true. Tell them to show meaningful facts. I bet none of them will able to do so. The market cannot be predicted. The bull run can happen today or tomorrow. No one knows.
Anyways, why are you waiting for a bull run? To make some good profit? Then invest as much as you can afford to lose and keep holding. The bull run will eventually happen anytime and you can enjoy your profits. So stop worrying about bull runs and start investing.
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