According to coindex, https://www.coindesk.com/bitcoin-halving-explainerBitcoin halving is an antcipated event in the cryptocurrency world that takes place every 4 years. Basically halving the total amount of Bitcoin in circulation. Is this real or just a theory? Taking into consideration that people are falling back to cryptocurrency during this hard time in the world. Share your thoughts! Actually it's not the total amount of bitcoins it is the total amount of newly minted bitcoins that will be halved. As of now the total amount of bitcoins mined per block are 12.5 and after block halving every newly minted block will reward the miner with 6.25 bitcoins as a reward. So you are half correct in saying the circulation of bitcoins will be halved. Also this is a historic event that is speculated to take bitcoins price higher as the same happened in the past but a few weeks after the bitcoins block reward halving. |
|
|
|
Hi guys!
Still playing with bitcoins? Or have you switched to TRON or Ripple?
Anyway, every crypto has its own benefits but how important is it for you to have a variety of different cryptos to play in casinos?
I personally prefer ethereum or ripple for playing on casino sites as they have very low transaction fees as compared to bitcoins and also the transaction speed is pretty fast, it feels like no waiting time at all is required for depositing the money into the casino wallet. Previously I used bitcoins back in the past but as the Prices grew higher and the transaction fees also started rising then I switched to other means of payment for my gambling. |
|
|
|
So,...
-how's it going when it goes to your daily life?
-how's it going when it comes to your social life?
And lastly...
-how's it going when it comes to your gambling life?
All of this will be based only on what you have done in this past month of Quarantine. Although it is very common that we can't see any games in relation to sports, even so there are quite a number of shareable experiences that you might have done in this past month that you have never done in the past years.
So what do you think? Do it really had a big difference?
Well, previously i used to go out with for day to day work and college and now I am totally at house arrest, can't go out at all. Also I used to go out with my friends in weekends but since lockdown I've only managed to FaceTime them or Talk with them on instant messaging services. I've been gambling higher than usual not because I have become addicted to gambling, but because I have very few other options to pass my time. |
|
|
|
Josh Spurling decided to gamble out of sheer boredom since he was locked at home due to the current lockdown situation, and he gambled on two different occasions and on both he won big amounts totalling to £400,000. It’s also pertinent to note that he’s decided not to gamble anymore as he believes to quit while he’s ahead, but something tells me he’s going to gamble again. Now I know many will ask me why I feel this, so the answer is simple he’s already spending his fortune away quickly, and he’ll have more confidence in his luck so it’s only a matter of days before he gambles again. Lastly there’re two important lessons we all can learn from him, 1) quit while you’re ahead and 2) don’t splurge your winning fortune quickly spend it slowly and wisely.
A SALESMAN won more than £400,000 in online casinos when he was bored during lockdown.
Josh Spurling struck lucky in two games just a few days apart.
The window and door salesman has already spent £50,000 on a house deposit, as well as presents for himself and his family including his daughters aged eight and three. A holiday is also on the cards.
But Josh is now giving up online gambling. He said: “I feel I’ve had my luck and I’ve done really well. If I carried on I’d jinx it.”
Source: https://www.thesun.co.uk/news/11442154/salesman-wins-gambling-online-coronavirus-lockdown/I bet he has spent his fortune wisely as he have brought a home from that money and now he can have something of his own out of nothing from that gambling money. This again proves that luck is most of the percentage when it comes in gambling and your strategy is only of a fractional amount. He seems to be a wise man to do such a daring task of not gambling again as after winning such huge amount anyone would be tempted to gamble again. |
|
|
|
I have one friend who used to play dice in stake.com, he started with a very small fund ($100), out of that money, he managed to have a balance of 24 ETH at some point but unlucky guy lost everything in one day. Once again, with the bonus he got from stake, he managed to cross 30 ETH within less than a month but yesterday, he lost everything once again.
How come he lost everything one day? Do most of the gamblers lose money in such way?
Most of the gamblers always chase their losses. They try to win back what they lost in the same go inorder to break even.in this process they loose all of their bankroll in a single run. But in reality what they should do is that they should accept defeat and call it a day, go out have a beer and then come back if they wish to gamble as this changes your mind and gives you a fresh stsrt. |
|
|
|
|
This price range is very critical for bitcoin, here anything can happen, if the price goes upward then also it can come down quickly as currently there is least support and more oftenly people are selling their coins as no other source of income is there for those people.
I personally agree that bitcoin isn't gonna push up higher currently and it will dump in a short interval of time.
|
|
|
|
To answer the question: can BTC really be a safe haven? we'll have to find out what is the main problem that keeps it far away from being one? In my opinion, this is VOLATILITY. So what forces BTC to make such large price movements? It turns out that the biggest problem is the extreme leverage on cryptocurrency markets, which is offered by unregulated offshore exchanges. BTC is highly concentrated and data show that almost 95% of BTC resources belong to a relatively small number of addresses. Such conditions give the market a 'kick' and increase greed. At the same time, many traders who are using highly leveraged trading platforms have a very high-risk appetite and not always the skills needed to play with 100 or 200X leveraged trades. BTC ADDRESSES % COINS USD %COINS  https://bithub.pl/wiadomosci/bitcoin-na-lasce-algorytmow-dlaczego-btc-i-safe-haven-to-na-razie-zwykla-mrzonka/Most exchanges that offer trading with very high leverage were not designed to handle not only the large-scale volumes in times of heavy market congestion but also the network traffic itself. The problem of overloading exchange servers has become very common in the last two years. It is ironic that such things happen, of course, at times when markets tend to increase their trading volume drastically. This is a big problem, as we have seen lately, because it makes it difficult for traders to reduce their exposure, when such an event occurs, leaving them at the mercy of aggressive liquidation algorithms. We have to remember that regulated exchanges only offer around 3 times leverage. Crypto exchange insurance funds act both as an external picture of the exchange's success, but also as a measure of how aggressive and harmful their liquidation algorithms are for the traders. This is because on almost every crypto exchange the insurance fund is capitalized from the liquidations of traders' positions. 100x leverage and higher 200X is attractive (at least at first glance) for a trader who wants to maximize profits with a minimum contribution of his own capital, but it causes this insane BTC price volatility, which prevents the profitable use of such high leverage. If the plug by Bitmex would not be pulled out on time a few weeks ago, BTC price would fell to 0$. How could this happen? Isn't this still too early for such high leverage 100 or 200X in the crypto market? https://hacked.com/bitcoins-price-recovery-stalls-as-bitmex-shuts-down-u-s-accounts/In my opinion, only because of this Bitmex incident it would be wise to limit the widely available throughout the ecosystem high leverage to stop this absurd volatility and give a chance to BTC to be this safe haven finally!!! Until the crypto exchanges attempt to solve this problem, bitcoin will not free itself from the framework of being a spinning toy towards a resource of true interest for traditional market players. https://bithub.pl/wiadomosci/bitcoin-na-lasce-algorytmow-dlaczego-btc-i-safe-haven-to-na-razie-zwykla-mrzonka/
Source: https://bithub.pl/wiadomosci/bitcoin-na-lasce-algorytmow-dlaczego-btc-i-safe-haven-to-na-razie-zwykla-mrzonka/Everything you said is fine but most people here are either in bitcoin for making a profit rather than waiting for long time for its price to skyrocket and the margin trading is the best way to earn or loose a large amount very quickly and I know it very well as I have experienced both the outcomes. Also bitcoin is more of an investment system rather than a payment system and now people should be able to see the Price movement in order to invest in an accomodity, and that price movement is provided by the margin trading to be honest. |
|
|
|
Well, if we will be comparing these two, obviously bitcoin has the upper hand as it is made to take down the bank. With bitcoin, we don't need banks as we are the bank of our own bitcoins. In terms of security, banks and bitcoin have a flaw; banks in their security literally and with bitcoin being used by a human that is still prone from being hacked and put their bitcoins to high possibility of being hacked.
Now, who told you that bitcoin was created to destroy and take down the banks? Look at the people around us and how they are using crypto currencies. Most of them are just using it as a store of value instead of a regular currency. Most of them are using it for making profits. They cash out their profits in fiat! How do you expect bitcoin to take down banks when people act in this way. Banks can't be taken down easily. At least not now. Well, it is my own opinion. Users have the full control of their bitcoins, they are the one who is securing it, as the banks have with the fiats on their hands. With bitcoin, people don't need to rely on banks to hold for their currencies though there are those people who are still holding their crypto currencies on some exchanges which they shouldn't. It is true that Bitcoin is better but how do the people react about it? Despite the better one, people are still and will continue to use banks as proven how inevitable they are when it comes to their money and their use in the country. From the money being circulated by the bank to the loans they are giving, there are a lot of perks of banks in a country and to its people, while banks focuses mainly on the users, people are not really interested with it as hacks and scams are all over it. Also banks most oftenly are approving the loans that are going to default and also to those people who have history of defaulting a loan and when that happens who pays for the losses of the bank, it's us the people who have their money in the banks. Also with those people the banks make private deals and monetize over it whereas when they go bankrupt it's us the people who have to pay them to keep them in business aa government always approve bailout to big banks. Bitcoin is a lot better than putting your money in a bank without any guarantee of its safety. |
|
|
|
I doubt this would trigger a bull run.
Probably many exchanges would broke and we could see a giant crash if everyone just withdrawal al your coins lol
Anyway, everyone really should withdrawal yo8r coins. But due to security reasons, not to trigger a bull run.
Yes many a times in the past the exchanges were hacked and due to which the people lost so much money, just take the example of Mt gox where lots of bitcoins were lost in the back which was known to the administration way before the event happened, everything was in their hands and you couldn't have done anything to stop that, so it's better to keep your coins in your wallet and make sure to keep a backup of that wallet somewhere safe. |
|
|
|
What is your story of not being able to access your Bitcoin wallet with Bitcoins in them.
What have you tried to retrieve them?
I can't say that I have lost access to my bitcoins in past. But this happened with my waves wallet with more than $1k inside it in 2017 and I wasn't able to find the private keys or the backup seed of that wallet. I had to install new operating system in my computer so I did a clean install thinking my wallet was backed up, but in reality it wasn't. So please Everytime you should double check that you have saved your private keys in a safe place. |
|
|
|
Its only 1 month when 2020 came around the corner but I would like to know what your largest win is so far and if you have set yourself some targets for this year. Below you can see mine that I won a couple weeks ago. However I only owned 20% of this jackpot pool ticket that won 24.000€ I scooped 4800€ and some pocket money for a 1.2€ contribution to the ticket.  That's pretty neat win if you ask me, I bet the odds of you winning we're pretty high. So as to answer your question, I've never ever won that much amount of money in a single bet, the maximum money I won of my bet was 17 times of the money I wagered, I guess luck is even greater factor than strategy in gambling. |
|
|
|
The most important question on everyone's mind right now is Bitcoin set to rally into the halving or will we see another dump and retest of the recent lows? In this video I take a in-depth look at the possibilities and probabilities of what happens going into the halving. https://youtu.be/j78WSzThEK0It was really a nice and informative video and I believe that bitcoin price is going to rise after the block reward halving. But the Corona virus pandemic can cause trouble as the stock market is also struggling and people aren't having extra money to invest in Crypto or stocks. Also that most of the people are speculating that the price will go up, it can also go down as bitcoin never cease to surprise us. |
|
|
|
I've contacted a few friends who hold like me. They're all very concerned by the huge drop, but none has sold a single BTC.
We're all holders.
I know it's huge, but I believe the sharp fall in BTC's price has been caused by a very small number of individuals.
Waiting for data...
I had to sell my holdings as I like other people I also am a daily wage earner and without it I can't do anything. And as our country is in lockdown I can't find a job and thus I had to sell some of my holdings but not because of panic selling but because of the need of funds for survival. After watching the price of bitcoin go down i told many of my friends that if they want to make a quick buck even if they won't believe in bitcoin they should invest some of their money in it and it worked for a couple of my friends, straight after buying bitcoins in a week their market value also increased. |
|
|
|
Several months ago I read a story here on bitcointalk where a guy was explaining how did he manage to get thousands of referrals. What he was doing was posting his referral link on various gambling forums along with the promise to return 50% of the earned money to the players because of whom he earned it. He has been keeping his promise since then(he started like 5 years ago), the word spread, and he ended up earning up to 0.01 monthly from his referrals, although none of them was actually a high roller. But sharing 50% of your profit isn't the upper limit. Look at these stats from freebitco.in, and at how much this guy, 14FkBmEF, shared with his referrals:  It's more than 80% of his total profit from them, but he earned 4 BTC as the result! Perhaps, the more you are willing to share, the more you are going to earn. Getting referral is not a big thing because you can throw away your referral links here and there, on telegram groups ,Whats app group, Facebook etc and can get high number of referrals who will be of no use because they won't play on the platform. The trick is to get the referrals of the gamblers or even if new people signup on your referral link, give them proper guidance on how to play and earn on the platform. Yes! a lot of influences right now and YouTube affiliates are doing that, they're making a video about a certain platform and educating their audience about it and after that, they will give their referral link. Honestly, referral really works well on famous people cause they have a thousands of followers who are gonna do what they ask for. And maybe sometimes if you are lucky to get a big shot on your referral you will earn just like that guy. For normal people it's game of luck, but on famous people, it's a sure thing. That's what I learn on the concept of referral. Yes the referral business is a thing for famous people for the starters it isn't going to give you that much in earnings and you may end up getting nothing out of it. But for those big YouTubers having millions of viewers and subscribers the affiliate income can be far greater than the income from the views of their videos that YouTube pays them. |
|
|
|
Maximum peoples of the world are passing difficult time for COVID-19. Daily thousands of people are going to die. Always peoples are watching news about death and attack of COVID-19. All time they are panicked. So I think crypto is not well resisted to the crisis now. Crypto fell drastically when the Corona virus was declared as a pandemic and that day the stock prices and the Prices of Crypto both fell. And now the economies are closed and people aren't getting paid so what would they do to fulfill their daily needs, they will simply sell their investments and that includes stocks and Crypto both, so i think that the bad times for Crypto aren't over and the worse is yet to come. |
|
|
|
Have you known that there is an age restriction in gambling? But it is varied among the countries in the world. I have just checked in wikipedia that commonly someone can play gambling starting from the age of 15/16/18/19/20/21 years. It depends on where he lives, every country may have different regulation related to the age restriction. Below I classify some countries based on the age restriction: Age 5: Malawi (Casino) Age 15: Iceland (lottery) Age 16: United Kingdom (Football pool, Scratchcards), Estonia (other), New Zealand (instant kiwi) Age 18: Australia, Kiribati, Nauru, New Zealand (horse racing), Palau, Solomon Islands, Tuvalu, Vanuatu, Vanuatu, Albania, Austria, Belarus, Bulgaria, Croatia, Czech Republic, Denmark, Faroe Islands, Finland, France, Germany, Gibraltar, México, etc Age 19: South Korea, Canada, USA Age 20: New Zealand (Casino), Sweden (Casino), Japan, Nigeria Age 21: Belgium, Estonia (Casino), Armenia, India, Lebanon, Macau, Malaysia, Philippines (casino), Singapore, Taiwan, Vietnam, Cote d'Ivoire, Egypt, Namibia, Niger (casino), Bahamas, Saint Kitts and Nevis, US Virgin Islands (casino), USA, Macau Age 23: Greece
Source & more detail information: https://en.wikipedia.org/wiki/Gambling_age#cite_note-27The legal age for gambling should be the age when the person becomes adult, as they are more mature and wise enough to take their own decisions. Children don't know what's good or bad for him and gambling can make any person addict very easily whether it's a child or an adult. So according to me the age of 5 is a bit out of ordinary for me but thanks for informing us about this. |
|
|
|
|
Show Posts
