Bitcoin Forum
May 06, 2024, 11:53:45 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 [79] 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 ... 258 »
1561  Economy / Gambling discussion / Re: How Gambling companies can get more users to deposit. on: July 15, 2022, 08:01:44 PM
It is common that users always wants platforms where deposit and withdrawals are made with so much ease. With multiple choice of withdrawals gives every gambler the confidence of making deposits and most times privacy are ignored . Everyone wants to gamble where it is easy to deposit and withdraw as well.

In as much as good withdrawal options are catchy, privacy and trust should be considered. References can be misleading a times and experiences can also be negative but this ease to withdrawal can lure gamblers into sticking to a particular casino despite the negative vibes.

You can get fast withdrawals and some privacy. It's not a rule that every casino should have this or that.
I can take limited withdrawal options but no delays. Withdrawals should always be instant. I also hate KYC and it could be a deciding factor when I choose a place to gamble. This is also where fake traffic comes from. I enter a site to check it out but if it welcomes me with KYC, I'm out.
1562  Bitcoin / Bitcoin Discussion / Re: Crypto question! on: July 15, 2022, 07:46:02 PM
You came to a bitcoin forum and posted in a bitcoin section asking what coin to buy? What answer do you expect to get? Buy dogecoin because this is the future - Musk says so! Cheesy
There are coins with a purpose and there are shitcoins with no purpose. For instance the purpose of dogecoin is being a joke and showing people that anything can be turned into a cryptocurrency, even an old meme that people aren't using anymore. The purpose of bitcoin is to give you a way to store money that other's can't take from you at an airport or a country's border. They cannot tax it and they cannot stop you from spending it. Bitcoin is what matters!
1563  Economy / Gambling discussion / Re: To build your Professionalism on casino on: July 15, 2022, 07:25:05 PM
This doesn't have much in common with being professional. It's a set of rules that people should try to follow, but you can be a good gambler without following them, or you can follow them and this way avoid big losses and addiction, but remain a bad player, never become a pro. OP must've mixed some concepts together because the thread contend and title don't have much in common.
1564  Bitcoin / Bitcoin Discussion / Re: Why not use Tether instead of Bitcoin ? on: July 15, 2022, 06:43:03 PM
I've been always saying that for me Tether is only viable for traders who are worried about taxation. In many countries it doesn't really matter if you exchange for USDT, or Fiat money. What counts is withdrawal to your bank account or via ATM. This is the taxable event, not the trade itself. Such people don't care if they exchange for fiat or USDt and fiat could be a much better choice because it's less risky and you don't need to make one additional transaction to fiat before withdrawing.

I've never used USDt and probably won't have to.
1565  Bitcoin / Bitcoin Discussion / Re: Need bitcoin! on: July 13, 2022, 01:41:05 AM
Makes me think if this crisis is going to spread and go through China like a wave. If more provinces get similar bank runs it's going to be a huge eye opener for people around the world, similar to the Cyprus bailouts that many have already forgotten about. I'd hate to see people fight for their money and being left with no money to live by, but if it's the only way to teach people that banks are vulnerable and the only safe way is to hold bitcoin and cash, so be it.
1566  Bitcoin / Bitcoin Discussion / Re: The number of hodlers on: July 12, 2022, 08:11:32 PM
~
Worst BTC bearish market? Where did you get this information, OP?
I am pretty sure this ain't the "bearish" market in fact that I even encountered the price of 3k per BTC couple of years back.
Surely these indicators are not serious aren't they?

It's not the price that shows the severity of a crash but how fast and by how much it fell from the top. A fall from 5k to 3k would by no means be considered severe. A fall from 70k to 18k is really much worse. Some of the indicators we're talking about are the moving averages, number of red weeks in a row, volume of liquidations, the price being at the level of miner capitulation, which is the point where miners can no longer afford to hold their coins but instead sell everything to cover their bills, bitcoin being below the previous bull market high for the first time in history, and many more.
1567  Economy / Gambling discussion / Re: Threshold of Loss in Gambling on: July 12, 2022, 08:04:23 PM
Actually it depends on my balance or financial status at that particular time. I usually limit my losses to 10% of my total savings in my crypto wallet. This is the maximum amount I can afford to lose and reaching will be a major upset to me that makes stop gambling for a certain period of time. I don’t know if everyone does this but I guess most of the gambler play without a threshold and only stop when there balance is emptied.

That's still a lot. I don't think I would be able to sleep at night if I ever lost 10% of my bitcoins. That would be years of saving up down the drain.

I usually don't gamble with more than $100 at a time. I'm a casual gambler and I can spare a hundred here and there from time to time, but that's all. I don't lose a lot and I don't win a lot. For me it's just a way to have some fun and feel the thrill.
1568  Economy / Gambling / Re: Drake vs Stake part 2 on: July 12, 2022, 06:58:21 PM
Is just a part of their marketing strategy, they pay millions to Drake for this kind of promotions, it doesn't matter if they lose all their balance if the job is to gamble and they get a payment for that job.

For anyone who thinks that was real i you recommend you to watch this video:

The Puppets of Online Gambling
https://www.youtube.com/watch?v=ObDAXqg9O3U

That video is of course partly exaggerating, some parts do not even make sense but hey, what can you expect when people who don't have a clue about the online gambling industry comment... all in all though, this is SUPER entertaining and.... also sharing some truth - hilarious, I have loved it!

I knew people get a lot of money to advertise, because how would they get UFC fighters to promote them? These people are getting a lot of money even if they lose a fight, so their requirements are high.
What I didn't know is that they pay youtubers this much money too. Some guy getting 2 mill to play slots all day? Damn, that's as they say it "easy life, easy money" Cheesy
Is it ethical? I passively promote a casino myself, so I'm not here to judge them. The stream was entertaining, that's for sure.
1569  Economy / Speculation / Re: MtGox finally going to distribute 137,000 BTC sometime next month on: July 12, 2022, 06:37:44 PM
But, the reality is that we are getting lower more than what this deal would have made, just from the news of it. If it was distributed and sold, it wouldn't drop the price as much, but the news of it does. Because, it’s manipulation, mt.gox trustees are trying to manipulate it to go down, so they would spend less.

Of course! That's why they didn't do it last year. They had all the personal information and all the coins. If I'd get all that info and access to money, I'd be able to serve 10 people a day with ease and be done with all this distribution in 6 months tops, all alone. They have a group of people there and can't even do 1 person a day. It's obvious they were waiting for a technical bottom to appear and once analysts started predicting that we're near it with miner capitulaltion and 200W broken, they came out with the news that after all those years of holding they're finally going to start paying people back. I wonder how much money they made on the market claiming all the airdrops and forks with that BTC.
1570  Bitcoin / Bitcoin Discussion / Re: G20 to propose worldwide crypto rules in October on: July 12, 2022, 06:13:49 PM
The fact that they want to regulate the Speculative sector means how angry are they with people becoming millionaire with cryptos.

I think they simply want to put their dirty paws on some of the profits. They see the industry is growing and more countries and funds are interested in it, which means there eventually be huge inflows. Lately there were even articles about Swiss Post wanting to offer bitcoin custody services, so this is eventually going to be an important global asset. It's all about profits so regulators want to be able to track these profits and make sure people pay their taxes.
1571  Economy / Speculation / Re: MtGox finally going to distribute 137,000 BTC sometime next month on: July 12, 2022, 05:47:58 PM
There are many factors in play here. For instance, many of these victims are still here and have been holders since 2013. They had some of their money on Gox, but remained in the space after the collapse. They still have bitcoins that they held for years, or bought during this recent crash. They are aware of low prices and receiving additional bitcoins will not change anything in their attitude towards bitcoin.

Think about it, you had 10BTC in 2017 and held, then bitcoin hit 60k, you sold 5 BTC and bought back somewhere in the 40-20k range. You get another 10BTC from gox, but know that bitcoin is down 70% from its ATH. Maybe you'll sell 1BTC to celebrate, but those additional coins won't make you turn from a holder to a panic seller.

If I were to receive money from somewhere, I wouldn't dump it at these prices. I'd rather wait a year or 2 for us to hit at least 35k, which is a modest 50% of ATH, and get 50% more in fiat money, or wait it out until another halving and possibly get to sell for 100k.
What's the risk- reward ratio here? Worst case scenario you're risking a temporary dip to -80% from ATH, which is going to be some 12k USD. Best case scenario we'll have a new high next year and you'll score x4 your current money. Holding here makes much more sense.
1572  Economy / Economics / Re: Good and Evil money — The Morality of earning Money/Rewards on: July 12, 2022, 05:11:36 PM
Here is the question to Ucy - if I buy an alcohol in Turkey, the seller gets good or evil money? Alcohol is forbidden for Muslims. And then I go a next shop and buy fake Nike t-shirt. Then these are money good or bad? Considering I've got USD from converting Bitcoin, and that Bitcoin was send to me via mixer Cheesy

The idea of getting more than deserved for an item or services is silly. If one party is ready to pay certain amount, and the other party agrees to accept that amount for an item or service, then I see no problem of morality here.

That's the thing, it all depends on your morality. I could give you another example that supports what you've said. You sell alcohol and you have some regulars. You know some of them are alcoholics, but you as a clerk cannot refuse to sell to them as long as they aren't visibly drunk. One one hand you fuel their addiction, on the other, you are aware that they're grownups and it's just a business. They made their choice. Is money paid by them any different from the money paid by someone who wants to celebrate a birthday with some friends?

IMO, there's no general rule for "evil money", it's all a matter of perspective.
1573  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: July 08, 2022, 10:21:34 PM
It's just funny to watch how 160,000 Russian soldiers and 50,000 Donbass militias slowly kick the ass of a million Ukrainians mobilized under arms. Do not take it to heart, Ukraine initially had no chance.

We all have a different sense of humor. I don't laugh when a bigger country with a stronger military force attacks a smaller one. It's a tragedy for both nations but at least Ukrainians are dying defending their land. What are Russians dying for in Ukraine?

If we really have to look for funny events in this war, I find it funny when Russians have to abandon their tanks in the middle of the road because they run out of fuel. It's also funny to see Russian troops driving around Ukraine in a civilian Lada get a grenade drooped on their heads by a drone. It's amusing to watch Russians abandon their friends in the middle of the field and drive away in a truck while those poor guys chase them on foot or to hear those intercepted phone calls where Russian soldiers brag about stealing cars and eating dogs... The war will end but the image of Russian soldier who steals and rapes and shoots himself in the leg to be sent back home will remain forever.
1574  Economy / Speculation / Re: Can the price Hit back $50k this month? on: July 08, 2022, 09:43:40 PM
It's so easy for bitcoin to go back to 30k and yet it's so difficult. Easy because with the number of shorts and the attitude of the market all it takes is one big player to go all in and we'd be back at 30k. There's just not enough supply to satisfy demand right now and if a big hedge fund goes long on bitcoin with a few billion USD it's going to trash all the bears at once.

On the other hand the sentiment is so negative that it's going to take a miracle for some billionaires to go all in.

IMO we're not going to go back to 50k this year. Maybe next year, but I'm 100% sure that we'll be over 60k in 3 years.
1575  Other / Politics & Society / Re: Unexpected Death? on: July 08, 2022, 08:22:16 PM
There are tensions between Japan and China (mostly about those islands that both countries feel like they belong to them) and Japan and Russia following the attack on Ukraine. Also, Japan was recently invited to the NATO summit. Maybe this death has something to do with that... Or it was just some crazy poerson manifesting their disapproval.
1576  Bitcoin / Bitcoin Discussion / Re: Bitcoin conference 2022: Amsterdam on: July 08, 2022, 08:05:46 PM
Here's the list of speakers:
https://blockchain-expo.com/europe/speakers/

Apparently this is going to be a bitcoin only conference, which is interesting. A bitcoin maxi conference? Cool

I don't feel like it's going to be a low quality event, although they haven't got any of the popular youtubers and twitter analysts. For those who didn't know, things like faketoshi being called a liar by Vitalik in the audience, or Trace Mayer laughed at for shilling an altcoin are what makes an event popular.  
1577  Economy / Gambling discussion / Re: Gambling is for big bag holders on: July 08, 2022, 07:48:00 PM
Do not use martingale strat in gambling. It is doomed to fail, trust me. Been there. You never know how long your losing streak will be and each loss will double your stakes the next bid. It is a very high risk, very low reward gambling strategy. Even if you start at 1 dollar, in just 10 loss streak you'll be hundreds of dollars in losses. It is hard to recover from that.

My advice, just do a minimum bet and enjoy the game. There is no sure win strategy but you will not feel a loser even if you are losing if you are enjoying the game.

With enough money on your account and low starting bet you can make martingale work. The problem with this strategy is that every time you're risking hundreds, even thousands of USD, just to get even on a bet of less than 1 dollar. When all dust comes down, you'll be back to 0, but it required you to bet 10k USD and have that amount on your casino's account. Even if you keep martingaling for a whole day with 50k in the bank, you'll end up leaving with $100 more. So you were risking 500 times more! Usually people who bet $10 on dice or sports risk $10. You're making the risk lower by betting more. It
1578  Bitcoin / Bitcoin Discussion / Re: Now is the time to just wait for the price of Bitcoin to come down. on: July 07, 2022, 02:01:12 PM
If you have to invest, you have to wait a few more days. Because if you invest in a downward market, you will get a lot more profit.

I don't agree with this because you can't be sure where the low will be. That's why many people invest in the bear market on the way down.
In 2019 people were saying exactly the same thing that you're saying now, that we should not buy and just sit idly by, wait and see and then they all got wasted because at 4k they weren't buying because traders were telling them to wait for 1k. Then the price went up from 4 to 8k so they all thought it to be a bullish reversal and started buying, but it came down and you could see that huge crash when it went below 8k again. Price went from 8 to 4k in 2 days as all those 8k+ buyers sold at a loss.

None of this would have happened if they decided to DCA not wait for a lower/higher price confirmation because you can't be sure if it is a confirmation until the opportunity window had closed.
1579  Economy / Gambling discussion / Re: Careful With Your Slot Activity! on: July 07, 2022, 01:47:17 PM
My neighbor is in debt of $9000 just for playing slot games.

This game can be played for free. You get a lot of free spins and don't have to bet anything.

I don't know how your neighbor ended up in debt from playing an online Android game. The only way I can think of is through in-app purchases, which demand real money in exchange for additional perks that might improve user experience.

Plus, I'm certain there is no way to verify the randomness of each and every game since the application that can be downloaded in playstore is somehow not properly scrutinized.

That's correct. I don't think you can verify rolls in any way by playing this game, which is why they're giving so many free spins. They hope somebody gets hooked up and spends some money on the game. It's not a casino. I doubt they are playing it fair. It's a redistribution scheme where someone has to lose for the script to know there's money in the bank for payouts and then it allows some people to win up to the point where they drain the bank again.
1580  Other / Politics & Society / Re: Russian Invasion of Ukraine[In Progress] on: July 07, 2022, 01:06:07 PM
The Russian rocket has already taken off at the address.
Russian rocket:


They even found a few buildings that weren't damaged and posted them as proof that there was no artillery attacks on the town. You can reed similar shit every day in the Komsomolskaya Pravda. There's no more Komsomol anymore, but the tabloid remains.

Russian propaganda tactic - to tell that all destruction is because ukrainians. Ukrainian soldiers shooting themselves in town.

Yup, Russians aren't attacking towns at all, it's all precision strikes at military targets.
If Russian missile or artillery hits a residential building it's (choose one or more):
A military building disguised as residential.
A missile was shot down and it fell on the building
A residential building full of enemy troops.
A Ukrainian missile, because Ukrainians use similar weapons, so there's no proof it was Russian.
Pages: « 1 ... 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 [79] 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 ... 258 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!