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2221  Economy / Gambling discussion / Re: How much initial startup to Start Cryptocurrency Casino? on: December 06, 2022, 05:06:22 PM
if you don't have much gambling experience, I don't know where you get the figure from, but from the answers you can see that it's OK if you're talking about a low budget casino.

I don't know if you're half serious about setting one up. Apart from setting it up, like setting up the website and keeping it running, you will have to think about what currencies you are going to accept, how many people you are going to have working, what promotions to implement to attract customers and retain those who have already tried the casino, etc. It's not just a matter of initial investment, then you have to keep it running.
Building a casino is easier than ever these days. You could just hire a developer if you ever want to, but this means that you will have to pay something to that person, or if you know how to then you could do it yourself. All these games comes from oddmakers and that usually means that there are main places that gives you the games, you can have 5000 games on your website, no problem, in a few weeks.

However, the real cost happens later on, to get all these customers because let's be honest, it's very very difficult to convince people to gamble on your casino, there are millions out there and why would people pick yours over any other casino? That is why marketing is the biggest cost.
2222  Alternate cryptocurrencies / Altcoin Discussion / Re: Does altcoins actually have the potentials of generating benefits to investors? on: December 06, 2022, 03:22:53 AM
As a beginner into the trading business, I'm always scared of putting my money into altcoins but I do hear some people talk about how they make profits altcoins.
yes altcoins can be a potential way to generating benefits to investors . because Altcoin prices fluctuate quite a lot so if an investor is able to invest in a potential altcoin then that altcoin can give him a huge profit. And can a person become super rich with an altcoin profit.  But there are many risks in this case also. So be careful in everything
Finding that coin which could make you a lot of profit is the hardest thing ever. It is not impossible but it is quite difficult to do and that is causing all these problems. If we were any good at finding smaller cap projects and buy them before they go up, we wouldn't have this problem, we would be joyfully spending our investment profits.

However, as we can see from the situation it is clear that we are not doing anything that could be profitable because we keep on picking the wrong coins. That is why at the end of the we should not be expecting people to make a profit neither, we should be expecting them to lose each time they try.
2223  Alternate cryptocurrencies / Altcoin Discussion / Re: A single alt coin which gives you profit multiple times? on: December 05, 2022, 07:48:04 PM
For me AVAX (avalanche) Is the coin i got good profit in this coin by investing 5 times.

First two times i got huge profits.
But after that not huge but that was also the good profit by holding same coin.
Good profits came from those investors who invested in 2020, buying at 50 cents, and then selling exactly one year later at $150. Now the price has fallen exactly 10 times, a good option for investing. This is not investment advice, DYOR. The avalanche network is growing, nft on the avax blockchain is also growing in terms of trading volume. I think in the next 3-4 years we have a chance to see AVAX at $200.
I highly doubt that there were too many people who held it. I mean first of all it was locked for a long time, which means that not many people were capable of selling even if they wanted to, and secondly there weren't that many people who could invest, because if they weren't invested at first, they couldn't get much of it since it was locked in others wallets, and rarely unlocked. So all in all, the price increase happened because of scarcity and nothing else.

I guess that some people did made some profit, but in the end it's never going to be the same again in the future even when the bull run happens, it will be a lot less higher ups, and that is my worry for Avax's future.
2224  Economy / Trading Discussion / Re: The patience to hold is a gift on: December 05, 2022, 06:58:43 PM
The key to earn money is through trading and investing. Both might look similar but are yet very different.
For some, trading is more convenient since they don't have to deal with huge price swings and earn quick profits in the short term.
They get the rewards quickly when compared to investing which is a long term process.
We need to hold it no matter in which direction the trend goes in the short term.
This is where many people find their ideal choice of earning money and for me it is investing.
I have tried trading but eventually lost money but when I hold it for a long term it certainly gives huge profits.
The key to earn money in all of the world for majority of people is to work and earn. I feel like that should be true for people in bitcoin as well but unfortunately they do not see that as a possibility. I think if you worked hard, and worked for a good boss, then you would earn a lot of bitcoins to begin with.

I do that and I have been living an amazing life for many years now, my boss is lovely and my job is lovely and my payment is in bitcoins and I am doing great, saving some of that aside each month usually aside from some bad debt months. Long story short, trading is not the only way, do not see that as a way to get out, it's not really a must.
2225  Economy / Trading Discussion / Re: Why make Samuel Bankman-Fried popular for the wrong reason? on: December 05, 2022, 05:55:23 PM
If you mean famous by having his name in articles, I think it's natural since the FTX issue had him at the lead so people needed a name, not just the company/exchange name, but rather the lead person for the issue.  I also highly doubt people who didn't know the issue would even know of him, I reckon it's the first time they'd even seen his name in the first place. And in that case, them knowing of his name basically attaches the FTX issue, which is in no way the popularity you'd want imo.
I feel like it is inevitable for him to get more and more famous, it is going to be something that will just naturally happen. What could happen if you just lost 6 billion dollars worth of money of your customers?

In any industry of the world that will become a huge deal, and we are just not going to see it change too much, it will just keep being a big deal and it will have a lot of articles and news about it coming out every single day. That's just the normal way of things, when you lose that much money, it is interesting. All the people who lost money will read it, and even the ones who didn't will read up on it a bit to see what's going on as well.
2226  Bitcoin / Bitcoin Discussion / Re: The Bitcoin revolution - How it all began | Documentary on: December 05, 2022, 04:54:03 PM
The video indeed explained the whole concept of Bitcoin which would be helpful especially for the new ones out there. If they would be looking for discussions, we have plenty of them in this forum but I think video of such would be easier to understand for newbies than to just read technical words which they wouldn't comprehend at first. The thing about the video that I liked the most is the idea of breaking the negative impression of many people towards Bitcoin and other cryptocurrencies; just a normal digital currency, its value changes because it is a fraud, and such. Atleast, all of those baseless questions are answered.

Definitely been a long run for Bitcoin and this industry. Bright future ahead as we embrace modernity and technology. If progressive development would be continuous for this industry's end, we might see this industry being acknowledged as a reliable option for daily transactions.
Videos are easy for two main reasons. Most of the time they do have written stuff, like animations with texts, which means people who learn by reading could read them, and they have visuals so people who like to see things to learn can see them, and it also explains with a voice so people who like to hear to learn could hear them so it covers all areas.

Secondly, they are there forever, in a compact way, instead of reading 300+ page book, you just watch the video, and if there is any place you do not understand, you could just rewatch it again and again until you understand. That is why videos are always a great way to learn about things and get that information.
2227  Bitcoin / Bitcoin Discussion / Re: Could bitcoin mining solve climate change? on: December 05, 2022, 04:18:03 PM
Philosopher and environmentalist Troy Cross has arisen as one of the most prominent scholars making the case that bitcoin mining has certain special properties which make it ideally suited to powering the development of renewable energies.

Check out his interview on the Futurati Podcast, where he discusses his radical proposals for new financial instruments that foster the 'greening' of bitcoin mining.
I didn't seem to see anything new in what he said, after all, it was just a proposal. Apart from my knowledge, his knowledge about bitcoin is not that wide yet. Ever since bitcoin mining started in this industry, most people know that it can't help our environment due to its part of the tehcnology not the nature anyway. Then, as far as I know also that He was included in the crypto community recently only, were one of the social media platforms of Twitter as far as I know?
Unfortunately everyone sees sort of "right" to talk about whatever they want and we are not trying to censor them but when you have some sort of followers, that means whatever you say is important. That is what people are forgetting about, it is not about censorship, it is about responsibility.

Like for example, if Elon went out and said "I am going to sell all of my shares in Tesla tomorrow", the stock price would drop, and he could buy them from low and tweet "lol was kidding, thanks suckers!" and that would be illegal right? Which means "saying" something is illegal in some capacity already, it is not censorship, it is regulation, same should be used for influencers as well.
2228  Economy / Gambling discussion / Re: T20 and T20I cricket prediction and discussion on: December 04, 2022, 08:30:52 AM
This was a really bad performance from the Bangladesh women’s team. They should have done better. No, let me rephrase, they should have done much better. This performance shows how far the Bangladesh women’s team still has to go. And I honestly think that this evening from Bangladesh women’s cricket team has to be up there for the lowest total in T-20 cricket.

After a devastating loss like this, will the Bangladesh women’s team be able to make a comeback?

I really don’t think so. They might give their opponent a hard fight, but do they want to be able to win?
Right now, we have four subcontinent teams those are competition into women's cricket but just Team India is having enough quality and experience to compete with them all other three teams are having not enough skills and quality to give them good fight which is big dilemma, but this will cover in coming years because now these women's are playing against quality teams and having good experience and quality for improving their performance.

In first match, Bangladesh women's played like crap and give no resistance with only 32 runs on board form them in reply of good target, and we can't expect any improvement in just few days and today also they lost again, but hopefully we will have some better performance from them because these women's can do better from this last performance after learning from their mistakes.
2229  Alternate cryptocurrencies / Altcoin Discussion / Re: Are stablecoins safe? on: December 04, 2022, 05:53:59 AM
   - I'm not a fan of stablecoins but when I do p2p transactions I use USDT, which I can't deny helps me withdraw money from a centralized exchange platform.

Maybe somehow I can say that it's safe as long as it's not a big amount, but of course, that depends on your trust. Because I'm doing it now, using binance so far Busd, Usdt, and usdc are okay for me. Other's would agree with me and some are not, but we have our own choice in terms of this matter anyway.
Yeah, that is a good way to use it, but there is also the fact that we are not seeing what USDT could be used for online as well. Like if I had a website then I would accept USDT as payment for buying something. I have a friend who is a developer and he sometimes accepts USDT as well, and usually BUSD but generally he accepts stablecoins, not like he rejects crypto neither, but people usually are fine with stablecoins so he works with them, turns them into crypto right away of course after he gets them.

So over all for payment purposes USDT and BUSD are great, what you do afterwards is upto you, but the transaction itself is not a bad idea at all.
2230  Economy / Trading Discussion / Re: What happened with crypto? on: December 03, 2022, 10:03:54 AM
I've been away from cryptoworld for 2 years and i want to ask something to the esteemed audience
What the fuck is going on here?
I'm sorry,i don't have any other words
Why is bitcoin trading at 2020 prices?
This is unbelievable!!!
I sold all my bitcoins in 2021 and went to live in another country and left the cryptoworld,but i'm shocked
Is this all because of the war?
Or because of the government sticking its nose into this market?
What happened?Huh
There are too many talks about what's going on, but in reality nothing major has happened so far. It has dropped after FTX as we all know, but since then it's just recovering small by small but that is expected and normal, we shouldn't really expect it to do anything shocking just yet.

The best thing to do would be making sure that people are focusing towards making money and I believe that the best way to do it would be getting in a position before it goes up and not many people realize that it will eventually go up and it will go up very fast, so waiting until it starts to go up will not work, it will be a bad idea and you should get in right now.
2231  Economy / Economics / Re: Does Japan fall behind in the crypto industry ? on: December 03, 2022, 08:38:02 AM
Actually before 4-5 years ago Japan was literally doing amazing things with the crypto. They even experimented the Bitcoin OTC program where over the counter buying and selling was completely legalised throughout the country and they started with it real quick. I think in 2017 bill Japan had many things to contribute on since they were using bitcoin on larger scale. Now I am not sure the documented scale matches to this or not but definitely Japan has lost the track after covid. In fact there is also not much of news about the Japan recently which connects with bitcoin. That’s actually strange.
They are still using it as a means for a currency, just like it was planned to be used but not so much as investment. Japan is a very rich nation, compared to their population they have a very high purchasing power compared to other nations but also a high living expense.

So, imagine an American who makes 500k a year, but pays 400k a year on rent, he would be able to live with the rest, buy a car, buy tv and playstation etc easily, but not left much due to high prices in other things. This is why they do not really invest into bitcoin, but they do use it for paying stuff and that is what the original idea for bitcoin was, and it is actually a great thing to do for the bitcoin world.
2232  Economy / Economics / Re: Tesla Co-Founder Is Now Recycling And Processing EV Battery Minerals on: December 02, 2022, 12:01:02 PM
those enviro fears were circa 2010...

tesla co founder JB Straubel has been in the recycling business a few years now. so kinda old news now
I have seen many claim lithium battery recycling is impossible in 2022.

For whatever reason. Maybe they meant to say lithium recycling is difficult and not as simple or clean as lead acid battery recycling.
Saying it is impossible is a factually wrong thing. Could you say it's expensive? Maybe, could you say it requires too much effort? Definitely. Could you say it requires a high entry barrier so not everyone can do it like regular waste management? For sure, guaranteed. However, saying it is impossible is idiotic.

First of all, if you REALLY want to get rid of them, Tesla is also owned by the same guy that owns SpaceX, worst case scenario, he would just chuck them out to space if he ever wanted to, never to be seen again, and here you go, clean world. The problem is not about recycling, or getting rid of it, the only problem about this is how expensive it is, that's reasonable complaint about it, but that's it, expensive and impossible are not equals.
2233  Economy / Economics / Re: EU Moving to Ban Privacy Coins: Report on: December 02, 2022, 09:26:32 AM
The European clerks are doing something in order to justify their salaries and their pointless jobs. Grin
It's funny how those news about banning something related to crypto happen always, when there is a price crash, bear market, big crypto company scamming their investors, bankrupts, etc. You won't read such crypto news, when the crypto market is bullish and the investors are making money. The Privacy coins might be banned from crypto exchanges, but this won't stop the regular crypto users to use them.
I don't know how the authorities would be able to track the transactions of a privacy coin and catch the people, who are transacting.
That is quite the explanation for half of all the lawyers and politicians in the world. They end up working towards making sure that they look like they work, and end up with some sort of result, even if they fail, they looked like they worked for it and they just failed, and they would prefer to succeed as well.

So in this case, it is about crypto and privacy coins, as we all know they are not a big deal, they are not even high up there in the rankings anymore, not many people use it, so spending resources on making sure they are banned would be waste of resources, and yet they still do it. Because of exact reason you said, to make sure they look like they deserve their salaries.
2234  Economy / Trading Discussion / Re: Secret of success in futures trading on: December 02, 2022, 08:09:05 AM
I have a feeling that you're doing a sort of advert for your own trading signal and no proves to it.
I really don't trust the signals provided by others and even when I get signal from other people, I have to do alot of research before trying to give it a trial and if I get to lose , I wouldn't have to blame anyone but accept it as my fault.
Future trading is a very lucrative and also a very risky form of trade and one thing you must know is that most no one is actually certain of a trade in future trade but they must time hit a trade based on prediction and assumption.
People should take time to invest in learning how to trade before going into trade with real money
Well, that is exactly what backlink is also about as well. You could talk about your own website and signals and all of that, and nobody could like it, they could hate it, but as long as you provide a link for example, then it means you did your SEO work and you are done.

Bitcointalk is a high ranking website as well, which means that if you do it here, then it will help you a lot for your website. I would totally do advertisement here even if it wasn't about crypto, go to off-topic or something and do there, just so that we would be able to get backlinks. I don't, because I am not a terrible person, but marketing people do not see it as terrible and do it.
2235  Economy / Speculation / Re: Predictions, predictions, predictions... on: December 02, 2022, 07:29:05 AM
Right now, it's best to buy bitcoin and let people still say bitcoin is or will die. And soon enough, they'll be sorry they said that when bitcoin is on the rise again. We can still buy at the moment and while there may still be a dip later, that is another time to buy more.

I still predict a decline will occur but I don't know if it will happen or if it's time for a reversal. And if it does happen in a reversal, it could be a major reversal because bitcoin has already reached $69k. So get ready for that moment.
The more the FUN is the more we have chances to lowering prices and that means also a advantage for Long time holder like us.
buying at this stage(as it goes more lower i guess) will make us richer in the coming years.
maybe we cannot see that now but in the coming days? and the coming years? lol that is what i was looking for.
I have done exactly the same thing, I have seen the price going down and I didn't consider the short term and I bought it, and I am happy with my decision even if its even lower than where I bought it, because I know that it will do a lot better in the long run.

So, it is easy to make predictions, because my prediction is about 2030 and afterwards, and saying that the price will be 10x more than what it is today by the time it hits 2030 is not that difficult, saying that for next year would be very hard, or even 2 years later, but saying that for 10 years later is easy. So, I am predicting the price is an easy job since I give myself a long period of time.
2236  Economy / Speculation / Re: Bitcoin Is Approaching $17000 on: December 02, 2022, 06:38:32 AM
About 6 hours ago the price of Bitcoin had reached $ 17K and I was increasingly optimistic that December could be better than November, our main focus now was to continue to buy and I was sure that in a week the price would touch $ 20K, Do not hesitate with the future of Bitcoin because it will continue to improve.
I do believe the same thing as well, by the looks of it there is a chance that bitcoin could have a great December, and wouldn't be the first one neither, for a while we haven't had any good Decembers, last I remember was the famous 2017 one and I hope to have another one like that this year. It would be awesome to see it go from 17k at the start and by the start of next year on 1st of January it is suddenly like 45k or something.

It is not impossible for it to happen, there is a good chance that it could very much happen and that is why we should be focusing on anything better in the long run. The great thing about right now is that 17k is a good "start", so it could be so much more.
2237  Alternate cryptocurrencies / Altcoin Discussion / Re: Careful where you connect your wallet on: December 01, 2022, 06:20:24 PM
I think majority of airdrops doesn't work like that but you will only need to provide your wallet address in the submission form. Why not join those types of airdrops if you are scared of connecting your wallet? But, you should keep in mind that your wallet address can be exposed in public and someone can send you random coins which are shady.

We shouldn't touch those coins for our safety. Other than transferring most of your funds to a new wallet, why can't you just create a new wallet? That should save you time and transaction fees. It's also possible to know if the airdrop is scam or not by researching their name. Sometimes a scam airdrop will show a warning.
It is not about being scared, it is about not even wanting them. Just because it would be free, I wouldn't want 100 zimbabwe dollars neither, because we all know it worths nothing, so why spend time on it. Most of the airdrops require you to follow them on twitter, join their telegram group, retweet their tweet, and tag 3 friends.

This is the most common thin they ask for, and I believe 90% of the ones we have right now worth nothing at all, so why would I do those things for free? They believe that they can grow it and make it bigger thanks to your help, but I know that it won't and that means I worked for free and that makes no sense to me at all.
2238  Economy / Speculation / Re: December Has always Proved to Be a Good Month For Cryptocurrency industry on: December 01, 2022, 05:42:22 PM
Looking over the uncontextualized data, price has a good behaviour on only one out of the past four Decembers, being December 2020 structural the path to the subsequent 2021 ATH:



Neverthless, I get the feeling that looking over the past monthly aggregate data does not really point to future trends for a given month, and that we’re much more prone to sway, in price in terms, to the tune of the large fundamentals that occur, which are mostly unpredictable.
I love this image, I love the fact that none of the months in general look like a heavy green month aside from maybe February and October. The reality that we can learn from this image is this, you could have one month of 172% or something, and then 6 months of 5-10% drops, and that should tell you how bitcoin goes up. Maybe for the next 12 months we are going to have 5% drop each month until last month where we have 400% increase?

We do not know if that will be the case but this image shows it's also not impossible. Bitcoin usually slowly drops more and more and more, and then one day goes up straight like an arrow, we need to be ready for that and if we are not, we will always be too late to it.
2239  Bitcoin / Bitcoin Discussion / Re: Bitcoin's freedom is Absolute! on: December 01, 2022, 03:30:22 PM
If bitcoin is made as an alternative currency to the Fiat currency from your point of view, then there is a limitation in it which is also contrary to your point. Like if I want to buy shirt in my locality I can't use bitcoin to buy the clothes so I have to sell the bitcoin first before I can use the Fiat money to pay for shirt. And that is a big limitation of bitcoin. Bitcoin is an alternative coin, and that means bitcoin did not come to take over Fiat currency but it came to support it and make it stronger. The only thing is that bitcoin removed the third party control. Everyone control their funds. So if you have 1 BTC for 10 years, your 1 BTC is still intact. But in Fiat banks it you have 1 million, it will reduce within 1 year because their service maintenance fees, electronic maintenance levy, card maintenance levy, SMS levy, USSD levy and Internet Maintenance levy etc. Because of all these levies and fees, BTC comes the best of all.
The sad thing about the current situation is that people do not really keep their coins, they give it to others and that creates all these trouble. The latest one was once again an exchange, FTX, where people trusted their coins to them and they lost it and now people do not have their funds, while bitcoin itself is decentralized and gives you freedom, if you give up that freedom and give others your money, then you should not be shocked to learn that they used your money for bad stuff and lost it.

This is why bitcoin is not just a tech, but it is an idea and the tech part may have been understood but the idea behind it is still not fully comprehended.
2240  Alternate cryptocurrencies / Altcoin Discussion / Re: What will be the next crypto craze? on: December 01, 2022, 08:19:11 AM
NFT are currently under utilised, and seen as just 'art' copyright credits

when VR/gaming starts to replace standard webpages. where people can actually interact with webstores in a 3d environment then the NFT of 'land registry' and 'real estate' kicks in.

people wont just buy land plots on a VR server where there are premiums if retailer wants to be closer to VR mainstreet. but then inside their own 3d webstore they also have tokens to buy floor space/advertising inside their store. so that product brands can pay to be upfront in your face as avaters walk into the webstore or cheaply sat at the back corner of the webstore
I said the same thing a million times and I agree with you completely. I believe that NFT idea of ownership could be used for so many more things, it could end up being utilized perfectly one day and could grow so much.

It is obvious that we are not going to end up seeing how it will be a year later, or ten years later we have no idea how it will be, but we know that it is going to be better than what it is right now. I hope that people will realize the key to success on this NFT business thing is not to have just art, but some other things. Gaming joined, but it was just items being NFT basically, we need something much bigger than that for sure.
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