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If an exchange delists a coin, it is very likely because there is not much interest from users or maybe due to some problems with the coin or it just turned out to be a way too shittycoin. I doubt the notices are too short. They usually let users know at least a week before they actually delist the coin. After delisting you still have the withdrawal window were you can withdraw to an external wallet. If you miss that window/withdrawal period, you can still contact support and manually withdraw your coins. So I don't see any problem here.
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I have known the forum for a while, and it is very frequent to see many legendary activities. It can be seen that they spend a lot of time and energy to maintain the normal operation of the forum, and of course many legendary members are not staff. So I feel like they're all doing bitcoin full time. In fact, working in the decentralized financial field is a new form of work, which may be fully reflected in various DAO organizations in the future and will be rewarded accordingly. Many people will also say: You bought Bitcoin, put it there, forget about it, you don’t need to work. It sounds ridiculous.
Those legendary rank users that you are talking about aren't working fulltime on "bitcoin". They are just engaging in discussion and perhaps learning something new everything. They aren't getting paid by bitcointalk or anyone. They are just normal users like us. The operation of the forum is maintained by administrators and the "staff/moderators". As far as I know they do it voluntarily and gets paid a little from the advertisement revenues (not sure about this). The only way some users earn is by renting out their signature space to advertise for different projects/games, but none of them will pay you enough to make it a fulltime "work". |
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Analysing the interest rate from the bank, each year I get a 3% interest which equals up to a $3,000 increment yearly. But with bitcoin at 17,000 at purchase time in a year if bitcoin grows up with a 1,000 price up (moves to $18,000) I will have my assest increased by 6,000 or so. And with bitcoin price at this low I expect it to get higher than that In year. Further more since it is an amount I could do away with I will readily invest it in a thing that stores my value. With it been in the bank I could face devaluation of that currency over time.
That 3% interest you will be getting is a yearly guaranteed profit unlike investing in crypto currencies were you might gain or lose value of your coins. That is good for short term, but in the long run, the value of your fiat currency might fall (currency devaluation) and you will still be making the same profit, yet your purchasing power will still keep on falling. In case of crypto currencies, in the long run, there is a good chance you might be making some nice profit, but then again, there is no knowing when you will actually be making the profit. You invest in crypto currencies the money that you won't be needing anytime soon. In fact money that you can throw away without worrying or anything. The best option is invest your money in businesses and from the profit you make, use a part of it for investing in crypto currencies. |
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Ok, suddenly the casino you're playing asks you for proof of income to be able to withdraw your winnings and to keep your account in good standing, your bankroll every month is $500 and you provide proof of salary that you are making $500 net every month, will they accept that proof will they accept that you are putting all your salary for gambling, will this violate the principle of gamble for fun, because you are working to gamble based on your proof income.
The last bit you wrote is little unclear. But yes, they will accept that as a proof of income. Show them your bank statement and your employment letter and that should be enough. Doesn't matter if you receive $500 and deposit all the funds into the casino. You aren't breaking any rules of the casino and the casino to be honest won't care what you do with your funds. So you should be safe unless they have some kind of weird terms of service that says that you can't gamble all your money you earn. But don't do that... |
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A well known crypto newbie contact me about two crypto project he his currently holding, Mina Protocol and Fuel, the problem is Alameda and FTX are big investors of these two projects, he is asking if he should sell his bag and replace with other altcoin?
Is this a good reason to sell off your coins and replace with another that Alameda and FTX aren't involved? Pls drop your idea .
What will you do in this case?
Never heard of those two coins. If they are some good projects that has potential, then he can keep on holding and not focus on all the speculation. If not, then your friend should likely sell it. The price will be affected by the events of FTX since you are saying they are a big investors. Probably already has affected the price. And if the coins weren't sold off, there will be another huge dip. So if your friend doesn't want to take a risk, let him sell it now and buy it later at cheap after the tokens are dumped. |
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It's good that you are earning profit by trading crypto currencies, but don't start thinking that you are now independent because you are able to make some profit trading. Trading profits aren't guaranteed and maybe in all those trades, you got lucky. But there will be time were you will be losing all if not some money when trading. What are you going to do then? How will you be able to pay the bills. You can call yourself independent once you have a lot of money were paying for basic things isn't a worry for you anymore or if you have a stable job that pays well. So don't depend on trading only. Get a job and keep trading as a side hustle.
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Yeah, you are right, not all, but MOST of them are "bad" or clone projects that has no real use cases and the developers eventually abandon the project causing the price of the token to tank down. And then there are projects that are made to scam people (remember squid games?). The chances of finding a good project that will skyrocket is very very slim right now. So if you are investing in new project, you are very likely gambling. Unless you are money that you want to throw away, stay away from those projects and stick to regular top coins and tokens.
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Based on your points:
1. Don't watch those videos were they "gamble" with shitcoins. They are actually getting paid for promoting those coins. They know very well that those are scam coins but they are still shilling for it because very likely they are a part of the scam. And never blindly follow any videos on the internet that teaches you to get rich over night.
2. Your friends told you ETH would shift to proof of stake and you invested in mining equipment? That doesn't make sense. Do you even know how or what proof of stake and proof of work is?
3. Keep holding and that 100k mark you were waiting for might reach. Not today or tomorrow, but maybe after a few years or decade.
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I wouldn't say am much of a gambler the slightest bit, for so many reasons, but what stands as a peak reason for my concern is that of security. All thanks to the advent of online casinos which gained massive popularity during the covid-19 era. Though the concern for security online as per being hacked or being a victim of phishing sites, looms. It is agreeably more fun visiting a live casino center with physically present spin machines. Most of the places in my locale where these games are played seem to be a hub for miscreants looking for likely victims and observing the cash flow of individuals using these spin machines. It is not too long ago we learnt of the stabbing that happened in front of a las vegas casino and the recount of the perpetrator. In a yuletide season as this, it is always advised to be cautious of locations one frequents, especially places where we have these spin machines; it is to save cash by preventing losing too much in the games and from unplanned mishap that might befall one when in the midst of such a surrounding. Ever had such concerns for security when visiting live casino centers? or do other reasons which prevent you from using these live casino centers? (please state it). https://abcnews.go.com/US/stabbed-front-las-vegas-casino-victim-dead-police/story?id=91123497Inside the casino? Yeah, pretty much secure. There are lots of security and identity check before you can enter a casino (the big ones). Lot of security personnel guarding the perimeter. So I doubt anything serious can happen in the casino. But once you leave the casino, your security is no longer the responsibility of the casino. You are on your own. And yeah, people inside the casino can stalk and follow you. So you are right, you might be assaulted and robbed if you win big. The best thing thing to do is be cautious and if you can move in groups. |
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I have experienced some guys who are chronic gamblers making unimaginable predictions from football player's jersey numbers, basket ball, hockey, rugby etc jersey's numbers. I have experienced this and their prediction is only based on these numbers shown on TV sports analysis consistently and regularly.
These chronic gamblers feel that when these jersey numbers keep flashing on your TV stations maybe during the sports news, analysing the jersey numbers on different clubs and display of the jersey numbers may be a sign that such number will appear as draw for the week and they do their permutations on that.
-snip-
It is obviously nothing but all gamblers fallacy. Not exactly gamblers fallacy, but something similar were they believe particular things "brings" luck. The draws completely depends on your luck and seeing a number regularly isn't a "sign" or anything. The guy that won by analyzing those number just got lucky and nothing else. Don't follow those strategies. You will end up regretting. |
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As a newbie who has a little knowledge of cryptocurrency but much interest in purchasing bitcoin for a long time Hodl, since the purchasing capital is not included in my spendable budget and the price of bitcoin is not very high at the moment 16k, what should be my fear?
Pls, advise me.
The only fear you should have is losing your wallet, which you won't if you keep back up your wallets and keep it safely. If you were planning to hold short term, you should have fear about about making losses because the market is very volatile and the price can take a huge dip within few minutes. But since you are planning to hold long term, I don't think you should fear anything. If you are still scared, look at the chart and you will know what you are doing the right thing. But only invest what you can afford to lose. And better learn a little about crypto currencies. It will help you make investment decisions. |
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Does anyone here day trade crypto successfully whilst working a full time job? I have medium experience with trading crypto and over the last few weeks have been mainly using the TradingView scalping indicator from https://cryptochiefs.io with good results. The problem is that I find it really difficult to manage the trades properly whilst working as they move fast any normally require that I am watching the screen. Kind of thinking I either need to forget about the idea or scale up from where I am and go full time. Those of you with normal jobs, are you day trading or mainly long term crypto investors/ HODLers?!! If you need to keep on looking at the trade screen while working, and trading isn't your "main/primary" job, then you better not focus on trading. You might end up losing your main job due to being inefficient or making frequent mistakes. Moreover, I don't think so you are allowed to trade from your office using company equipment. They would be able to fire you and if they feel like being an a-hole, they can literally claim everything you earned while working at the company time. Not worth the risk. |
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So many times we see people who were financially bouyant and stable reduced to nothing in the society,is it because they failed to strategise well?or could it be that they no longer put in the much effort they put before that got them to the level they were?what can actually be the cause of the downfall of someone who was already stable financially?
There could be multiple reason, but some that I think might be the cause are: 1. They got really lucky, but luck didn't favor them till the end. 2. Greed destroyed them. They were doing good, had everything, now wants more but ends up taking wrong decisions resulting in an irreversible disaster. 3. They probably got lazy, wasn't working as hard as before and ended up losing everything. 4. What they had was no longer sustainable due to "economic changes". |
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The only long term "winning strategy" in the crypto market is to hold long term and not to sell when you are a loss. You can afford to invest? You have money lying around that you won't be needing for years? Then go ahead, invest what you have no matter the price and keep holding till you reach your profit goal. Look at the chart, zoom out and you will see that in the long run the price always went up. No one can accurately predict the market. If a dip is happening, try to invest more, but don't keep on waiting for the dip to happen because you might end up losing opportunity to invest. As long as you are investing in well known coins, are bound to be safe.
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Good thing you are accepting bitcoin as a form of payment. This helps spread more about bitcoin and will make people more curious to learn about it. But there are few things I think you didn't understand well about bitcoin (or maybe I didn't understand you). You are worried about people spying your bank account and having a peek at your balance. Bitcoin won't solve that for you. In fact as long as someone knows your address, they can see all your transactions and how much you are holding. So best thing to do is to make sure never to reuse your address. Also the bank fee that you are thinking that you are able to avoid, you do know that eventually you will have to pay the fees when converting your coins to fiat unless you plan to hold USDT forever which would only make sense if cryptocurrencies are a main stream in your country.
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Lost around 90k$ feeling sad but all in with cryptos till the end!
90,000 USD is a lot of money. Wondering what made you think that it was safe to store coins that worth a huge sum of money? Is it that you knew things like this happens, but you thought or never imagined that it will happen to you? How did you feel before when you used to read about exchange hacks and people shouting not your keys not your coins? Didn't it make you think even a little about moving your coins? At least you aren't giving up on crypto, but you did learn a lesson from it. |
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Yes, FUD's are being spread and everything. We should do our research and learn the market. Ignore those naysayers and what not, but what makes you think that the $14,000 is the bottom and we won't see the price go lower? Are you also one of those people that are making random predictions or do you really have some reason to believe that it won't go below $14,000. Just don't say you "doubt" it will happen. In some way, you are also spreading FUD and creating FOMO.
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There ia the big evolution that allow live play roullete and black jack and more.
I consider bw the first one to open live casino street games.
-snip-
Edit; i dont think all understand here what live casino games means.
If you dont understand what is live gamre watch endoephina is mean the bets ard played live by real person every few seconds. (Real blackjack dealer,real roulletr dealer etc)
So if you think it can be rigged it doesnt make sense. Live casino providers dont gain anything from rigging a game t
For example if lose win 5k hand live black in stake.com by evolultion provider. Evoulution gain about 0.5%.
Stake.com gain the most.
Livecasino providers dont gain shit fron rigging games this why they are much better option than playing on a regular self made casino games. Is more trusty way to gamble.
I think you are wrong and they can rig the games if they want. I remember few days ago there was a guy in the forum that posted a video of a streamer that caught one of those live games dealer cheating by changing the card or something which was supposed to be off frame, but somehow got recorded. Don't actually remember what happened, but he did post proofs. 0.5% is a lot if hundreds of peoples are scammed for thousands of dollars. Yeah, I think the same - why would they scam if they can actually make money in the long run, and I guess the only answer that would make sense is because of greed. |
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I started investing in Bitcoin after the June crash this year and have been buying weekly since.
I now hold 0.07 Bitcoin which I know isn't much but hopefully by the peak of the next bull run I will be holding a lot more.
I am wondering if I should be buying more at these lower prices or if should continue to just DCA weekly.
I think we will have one more crash personally to $12,000 before we start steadily going up again.
Would be interesting to hear everyone's prediction when it comes to how low Bitcoin will go before the next bull run?
Forget about DCA and everything. Are you investing money that you can afford to lose and prepared for holding long term? Or are you speculating and trying your luck? If it is the former, keep investing as long as you can and don't wait for any lows or highs. The market is unpredictable and you might lose your opportunity if you keep on waiting for the low. Even if you invest at the "wrong" time, you can still keep holding and wait. If the price goes down, you don't lose anything unless you sell. But if it is the later, you should know the risks involved and be willing to lose everything. |
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Last I have heard, the bill was passed but one final approval and investigation is still required before they can finally approve the bill and make bitcoin as a payment method. I guess that won't be a issue and is actually a positive event among all the bad events that has been recently taking place. Just letting you know that all they did was made bitcoin legal and is regulating it, but they haven't made it into a legal tender. This means, the government now will have better understand and control of the usage of crypto currency which isn't what everyone wants but then again, business/merchants will be able to accept bitcoin legally without falling into legal troubles.
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