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1121  Bitcoin / Bitcoin Discussion / Re: If most of Bitcoin is owned by few it cannot be a store of wealth for all on: February 19, 2021, 05:06:20 PM
If 13.5% means most for you, then yeah, only 98 address holds that number of coins but you have to consider that most of the coins are owned by exchanges like most percentage of gold owned by banks. I would forget the 3 addresses that hold roughly 2% of coins. Btw I don't understand what's wrong with btc as a store of wealth and can't hear good argument on it from anyone.

And bonus!

Here are the statistics that I took from Coinmarketcap (and used Mitchell's forms, hope he doesn't get angry Cheesy ).

Holding Concentration
|
Balance
|
Addresses
|
% Addresses
|
Coins
|
% Coins
|
|0 - 0.001|17,903,590|50.47%|3,688 BTC|0.020%|
|0.1 - 1|2,360,207|6.65%|742,342 BTC|3.984%|
|1 - 10|680,684|1.92%|1,747,626 BTC|9.380%|
|10 - 100|133,185|0.38%|4,319,544 BTC|23.184%|
|100 - 1000|13,739|0.039%|3,591,290 BTC|19.275%|
|1000 - 10000|2,359|0.0066%|5,471,989 BTC|29.370%|
|10000 - 100000|95|0.00027%|2,172,768 BTC|11.662%|
|100000 - 1000000|3|0.0000085%|367,948 BTC|1.975%|

1122  Economy / Service Discussion / Re: Bitpay sells stolen Amazon gift cards? on: February 19, 2021, 03:21:31 PM
Why do you want to use gift cards,when you are buying stuff from Amazon using your debit card?
There are a lot of things that you can but you choose another way to avoid something unwanted and in this case, maybe this user doesn't want to use his/her credit card or has money in bitcoins and want to purchase via it.

Yes, you have to keep pestering them until they probably figure a scammer wouldn't have bothered this long. Bitrefill have also given similar advice. But a year and a half to resolve the issue Amazon themselves have created is a lot longer than I've ever heard.
Two months ago I bought the rice cooker from Amazon and the box was damaged/opened, missing some important parts too. I haven't requested return/refund from Amazon for years and even in past, they refunded me without even sending the actual item. But right now, I decided to talk with their Customer Support in live chat and this man was telling to me that I can't return an item because it's missing some parts (ignores the fact that mistake is made from their side, I received it originally as I described above) and I am not eligible for return. I don't know what to say, the man was probably Indian according to his name but this man had no idea about Amazon (I used chat because had other questions too).

I thought and still think that their customer support is the best but hope the same won't happen (eBay's customer support just sucks).
1123  Economy / Speculation / Re: Bitcoin crash is inevitable on: February 19, 2021, 02:55:01 PM
Just like the subject says, the more Bitcoin goes up this bull run, the most correction it will have, people who thinks this will go up without stopping are very naive.
This is not the time to buy, don't be a fool to buy at 50K.

It's sad but a lot of people really think that it's peak times are the best ones to buy the bitcoin. I know a lot of people who sold houses and bought bitcoin when the price was 20K and I hugely believe the same situation is happening right now. Those people who bought bitcoin at 20K, don't even think about it and totally ignore it, calling it a scam. Maybe I would risk the current situation for daily trading but not for long term investment. Yeah, it's possible that this coin will rise, everything is possible when it comes to bitcoin but I wouldn't sleep well If I invested in bitcoins right now.

Halving is the best time to invest in and sadly a lot of people ignore this moment, they only come to bitcoin when they see a massive rise, the time when it's better to quite rather than to enter.
1124  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: February 16, 2021, 12:41:44 PM
Hey @shield132,

We clearly stated that the funds will be released in the case of going through the KYC.

Our team strongly believes in a fact that in case us revealing the amount in advance, things would go in the wrong direction. Meaning that, after spending approximately 2-3 months in total, trying to find a spot place with the customer, none of those worked.

We tried to fit the needs of the customer, but got denied by the user end and therefore got insulted without any actual proofs. It would be close to impossible for us to imagine where this case would go if we decided to tell things in advance, as the past shows the truth.

Most commonly, the users never decline the KYC request. According to the past, the vast majority of the customers who did cancel the request were involved in some sort of fraudulent activities (we don't say that the OP is among them) - to summarize: FJ as a company needs to work transparently and operate legally without breaking any laws in the countries that we specialize in.


-
Team FJ
Okay, no questions from my side. Wish good luck to both of you, FJ and EpicChamp in your own way.
1125  Economy / Gambling / Re: FORTUNEJACK.COM |Deposit 777 play with 1777 mBTC |Live Casino, Slots, Betting on: February 15, 2021, 08:06:06 PM
I think it won't be bad if we are a little bit enlighten by FortuneJack.

I want to know, in case I decide in my life to register on FortuneJack and I have a case similar to EpicChamp, what will happen?

I understood that you want KYC for further decision and that happens in businesses, it's a legitimate request from your side according to your laws (I am against KYC in overall and have a lot of arguments but it's not a subject to discuss at the moment).

I want to know, why can't you directly say whether his funds will be fully returned or not? Why do you need KYC at first to decide your answer?

For me, this task, as a (probably) potential user for FortuneJack, seriously stops me and makes me think twice about whether the FJ is the right place for me to gamble or not.

EpicChamp
The more you talk about KYC, the more suspicious it looks overall and I guess that's making the situation even worse.
1126  Economy / Gambling discussion / Re: Why do gambling websites start investigating accounts only after big wins? on: February 15, 2021, 05:28:39 PM
Because their aim isn't to stop money laundering. In reality, they use money laundering to benefit themselves (this doesn't apply to all casino). Have you seen any casino that asks for KYC when you deposit money or when you lose money? Do they ask you to KYC in order to admit your lose or otherwise they'll refund the funds? Cheesy No, they ask KYC because they know that many people aren't willing to submit their KYC documents and sometimes they prefer to leave funds instead of sending these documents. Casinos know that very well and they are becoming "anti-money launderings" once you try to withdraw. Again, it doesn't apply to every casino.

When you win, they suddenly care on money laundering, otherwise who cares if you lose (lost funds are always clean funds for them from their logic and don't require further investigation).
1127  Economy / Speculation / Re: Btc Halving Effect + Elon Musk Effect + Institutional Investors' Effect. on: February 15, 2021, 04:39:53 PM
At first people couldn't imagine that bitcoin would reach it's once all-time high - $1000 but it happened after the previous halving and still was the sensation. Then we reached 20K USD, we went from $600 to $20 000, amazing jump in a short timeframe. People were saying that bitcoin would reach 5K, 10K, 20K and most of us were thinking they were trolls and just saying something unrealistic but seems they were true, somehow true.

Right now, Halving, PayPal and Elon Musk's words had a huge effect on price but somehow people didn't catch the Visa's words/statements, it's very curious for me.
Btw we may see the 100K USD in near future but at the moment, somehow we can't reach the 50K barrier despite the fact that price become 49K. At some point I thought if we reach 49K, then it's guaranteed to buy bitcoins cause people always psychologically prefer rounding of numbers.
1128  Bitcoin / Bitcoin Discussion / Re: Let`s say bitcoin replaces fiat. What happens? on: February 15, 2021, 03:53:12 PM
I don't understand one thing: Why do you think that bitcoin was created in order to conquer the world? It can't replace fiat, it wasn't meant for that massive usage. Even if we ignore that fact, I want to remind you that the highest percentage of people don't have access to the internet, a lot of people still prefer cash but in this case, we have "let's say" situation, so:
Then, miners won't be in hand of average people like it happens with money: You can't print money at home and even if you do, it will be illegal (+ some countries depend on another countries to print money, they can't do it on their wish).
The government wins again.
1129  Economy / Economics / Re: Richest people getting ready for economic crash on: February 15, 2021, 03:32:48 PM
Getting ready for what? Something that they caused? And wanted to be?

Economic crash doesn't exist for rich people and for those who are the main figures in financial sectors, economic crash means nothing for people who are in government and feed themselves from government budget (remember, we fill this budget, we work hard to make their life better and financially careless).

Maybe one day Elon Musk will say that USD is the best currency to buy and economic crush won't happen. He has so high influence on people, that's not even a normal.
1130  Bitcoin / Bitcoin Discussion / Re: Bitcoin before and now on: February 14, 2021, 03:45:22 PM
We have seen a massive surge in bitcoin price since we enter into 2021 almost same, trend happen in 2017-2018, only there is a big difference, in a situation today before, I think it was just a pump, but there is a big difference in this year's price rally things that are notable are the following, the influence of Elon musk, Visa considers to enter to cryptocurrency, Paypal decided to open to cryptocurrency, banks, and other institutions open its door to the possibility of using it, suddenly this year pandemic helps cryptocurrency get into the spotlight in the positive note, although there is still negativity being thrown, I think most institution study it and they realize the possibilities and important of blockchain overall.

They didn't realize today that the blockchain technologies are necessary and it has a lot of possibilities, no, it has been realized a long time ago and a lot of institutions actively work on implementing blockchain technologies into different services where an extra layer of security is a great addition, for example, land title registry.

And there is a huge difference between bitcoin before and now and that's not only the price of it. Bitcoin before was a great thing, not high transaction fees, there was even higher privacy, there wasn't need of KYC documents as it is requested nowadays by a lot of service providers. I just loved the situation that was before, now I find it to be more commercial thing and a victim of businessmen (at some point). But I love my bitcoin.
1131  Economy / Trading Discussion / Re: Indicator for good daily trading performance? on: February 14, 2021, 03:07:32 PM
Hello guys,

I'm quite a beginner in crypto and I have about one week of trading.
I find trading quite easy, I managed to learn from my mistakes and observed different market patterns.

My current performance (average) of daily profit is around 1-2% and I have no clue how far I'm from those who are expert traders Smiley

I created a poll if you don't want to share your experience, in case you suggest new options, please let me know.

I have also a strange feeling that these earnings are done too easy comparing with other offline jobs and I don't see it quite fair  Roll Eyes
Hah, you are right, money is made in nothing. In reality, new product isn't created in trading, you just sit at home on your computer and buy low - sell high and enormous amount of money is made. But it's as risky as easy it looks.
Don't feel confident because you profited, be as cautious as you were before, the more confident you are in trading, the more riskier your become and there is a high chance that you'll end up bad. When you'll see a 5% decline in capital or even more, more likely you'll do risky movements. Always be extra cautious!
1132  Other / Meta / Re: Do you click on signatures? on: February 14, 2021, 11:53:36 AM
When you are interested in something, I guess you want to check it. Same applies to signatures, when you see something new with interesting text for you, it makes you to click on it and get the information that you are intrigued by. That's what signature has to do in order to gain your attention and get traffic from the website, their aim is to make you click on it and then try their best to turn you into their customer.

People click on the signature I think that there is another reason why some companies run signature campaigns for 2-3 years and even more. The more you see the same thing every day, the more you remember it. For example, I see the chipmixer here for more than three years with aggressive marketing, they have a lot of participants. When I read the word "Mixer" somewhere, chipmixer is what comes to my mind despite the fact that I knew other good mixers before them. Now, for me, chipmixer is associated with the word "Mixer" and I would say that their marketing worked very well despite the fact that I don't click on their signature link.

I would say the same on Bitsler, Crypto-Games, 777coin (yeah), bestchange, betcoin.ag, Fortunejack. The colours play a huge role too, colour psychology is a great thing, maybe that's why I didn't remember Bustadice (they run sig campaign from 2017) as well as others (but still remember because I just reminded them Cheesy )
1133  Economy / Gambling discussion / Re: Does knowing your sport and teams really make you better at betting on them? on: February 14, 2021, 10:16:42 AM
Without doubt, yes. There are two options when betting: Bet according to statistics and knowledge around the team or bet according to odds which is a bad indicator to my mind and have proven myself for a lot of times, especially on strange teams that normally no one bets on.

When betting, you have to consider everything, every detail plays a huge role in matches. For example, in a soccer match, you have to consider:
1. What was the score in last matches between these teams
2. How these teams perform at the moment
3. What was their last results and what was the reason behind this? Does any of them has bad season or were they missing the player and that's the reason?
4. Which team needs the win most? This plays the huge roll too, sometimes one team needs to win in order to participate event and if this is their last chance, they try their maximum.
5. How are players feeling? Was there some conflict in the team? Are they motivated or not?

There are still a lot of things to consider but personally I think that psychological factor plays a huge role and we have to always consider this among other statistics.
1134  Economy / Service Discussion / Re: Don't trust web wallets, don't trust exchanges, then where to trade? on: February 14, 2021, 08:15:02 AM
When people said don't trust exchanges, they didn't mean that you shouldn't use them. They meant that you shouldn't store your coins for long term in any exchange. Do your exchange/trading and then when you are done trading, move your coins as soon as possible. Don't use those exchange wallet as long term storage wallet. Bad idea. Exchanges might get hacked or your account might get compromised and you will end up losing everything.
As for webwallet, just avoid those at all cost. These are the least secured wallet where you can store your coins.
What's the long term in this case? What if I just deposited bitcoins and plan to store it for two days but tomorrow exchange got hacked and my funds are stolen? Once your bitcoins are gone, they are lost. Crypto isn't a bank's payment service where funds are under their control and if hack happens, they are easily able to get the money back, that's why exchanges need the highest security standards and well-written codes.

So, from the moment you send your cryptos to exchange, there is a risk that you may lose it.

But I have a question, why the f do I have to worry about that? If exchange got hacked, it's their fault, not mine and they should pay for any financial loses. That's why I think that PayPal and other top companies will come over current exchanges.
1135  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 13, 2021, 10:06:25 PM
It is if you wait long enough, I wouldn't put too much effort into it but just as a page that loads on browser open is hardly a big ask.   If we went back to 2016 era it might be that the faucet payout was 1000 satoshi or even double that or more and that's now half a dollar.   We didn't know but its pretty much the same for all of crypto that it doesn't add up to much at first.   Take the faucet and gamble it on slim odds the event nobody thinks will occur but might, then nothing is lost but maybe a gain; depends how people want to play it.   People lack imagination and patience to wait, I think the site now with event bets is far broader interest.
If you look at it that way you could have go back to first days of freebitcoin where you could have made maybe 1 bitcoin in a year if you worked for it, and 50k dollars for a years' work is more than enough for most people, not just third world countries neither, we are talking about the biggest and richest nations in the world, if you live in USA, UK, Germany, France etc etc those places are still fine and great for 50k a year.

But, the point is you would be doing it 5-6 years ago when bitcoin was unknown, and of course the price went up when it became more known, but the same amount of increase can't happen now, we are talking about bitcoin at under 100-200 dollars and now it is 50k, that is 250 times the increase and for that to happen again we would need the 50k to become 12.5 million dollars per bitcoin and let's be honest that is not going to happen anytime soon, not in this decade at least.
If they knew that bitcoin would skyrocket, then they wouldn't give away that much bitcoins. I remember how easily I won 0.002 bitcoins in some rolls, nowadays it's roughly $100. Btw you could easily collect 1 bitcoin in the timeframe that you mentioned. For an indian guy, 50K in one year would be impressive, amazing but for a person who lives in California, USA, it would be nothing amazing. Depends on the country, for some people it's the amount of money that can really help them to have a dream life because it's easy to start a business in certain countries and doesn't require high capital.

Btw it doesn't matter, the past is in your head, the future is in your hand and freebitco has never been so great, they rock right now.
1136  Economy / Gambling discussion / Re: Newbie gambling sites on: February 13, 2021, 08:08:44 PM
I would like to deposit a small amount of Bitcoin for gambling purposes. I would like a few suggestions of websites that have you've used yourself and are trusted/safe to use for newbie gamblers?
Not interested in sport betting or anything similar, just something to try my luck and kill some time once in a while.
You could easily have a look at popular ones, despite the fact that I trust the casinos that I'm gonna write, I suggest you to always check the reputation of each casino representative and check scam accusation / reputation threads (if available), check what was the problem, how was that problem solved, etc.

Personally, I suggest you the following gambling websites:
Bitsler.com
PrimeDice.com
Stake.com
Sportsbet.io (they are not only sportsbook)
crypto.games
Fortunejack.com
Bitdice.me
Roobet.com
1137  Economy / Economics / Re: Earning interest on your crypto on: February 13, 2021, 06:49:33 PM
Don't get wrong with me but I think that earning interest on your crypto is the worst decision right now. Why not to dedicate some time to crypto world and be always up to date about what happens in cryptocurrencies? It's not that hard to predict when price rises or falls. Maybe you can't trade daily and I don't even recommend, that really has a bad effect on your nerves but what about to trade sometimes? To catch only good moments? There are some moments every year that gives you the opportunity to get a good profit.

Btw if your bitcoins worth 47 000 USD today and you earn 8% on your crypto deposit and after one year you have 1.08 btc but the price is 30 000 USD, then you would be better to sell at 47 000 and buy at 30 000, then maybe hold.

Those who don't risk, don't get the reward and those who risk, sometimes get the reward Cheesy
1138  Bitcoin / Project Development / Re: Suggestions for escrow service on: February 13, 2021, 06:02:28 PM
Bitmixcoin.io did the same thing on this forum. They put 5 bitcoin into escrow with our user - zazarb. Once they gained some trust, they redeemed their escrowed 5 bitcoin and then scammed people, one person was scammed with 16 bitcoin. So, I wouldn't call that a good model.

I don't think the OP is bright enough to copy a scam.  He claims his site will not require registration, and he claims he will figure out dispute resolution with no registration.

This is not a pre-planned scam using a known method like a ponzi.  This is just an idiot who doesn't understand how other idiots scam. 
I wouldn't use offensive words towards him but I really don't like what he does. You know what's the real problem? People think that by buying some scripts similar of PayPal, Binance or even by building a similar one (a little bit similar, maybe 0.001%), they will be able to start a real business and become the opponent of these companies.

In this case, this man thinks that he will build a script, sit at home and will wait for others to transfer and then judge by his mind who is true and who - wrong. That's not a business and it has no future to my mind.
1139  Bitcoin / Bitcoin Discussion / Re: If BTC were to permanently freeze at one price , would you buy ? on: February 13, 2021, 03:41:21 PM
And what about if I say that Bitcoin's price doesn't matter for me and I even think that it should be lower than it is right now? What about if I use bitcoin not for investment but for sending/receiving money? For transactions overall?

At some point don't like that people only look at bitcoin as an investment option and send all the benefits and opportunities under the shadow. It turned into commercial business and that's sad fact for me.

Otherwise, I love stablecoins too and without doubt, I would buy bitcoin (prefer stable btc over others).
1140  Economy / Service Discussion / Re: Elon talk about freewallet app on: February 12, 2021, 09:30:16 PM
I should follow him on Twitter. Does anyone know what was the answer to Binance's comment? Somehow I couldn't find it from the link, will be glad if you screenshot it.

The problem is with the search engines that show wallet first and the lack of alternatives to it, especially for beginners.
I think that many who want to invest will do the following:

 - Google "Dogecoin" or "Dogecoin wallet" or "Dogecoin best wallet"
 - Download Freewallet wallet because it is free and wallet.
 - Keep those coins out.

No problem will happen as depositing with that wallet is easy, but withdrawing from it will be very difficult (need KYC, Docs, ...etc.)
I also think that the intense promotion of jokes made by Elon Musk about that currency will cause many to lose their money.
This is the way how search engines work and I wouldn't say that they work bad, no, and search engines aren't humans or super intelligent AIs to fully analyze everything and submit the really trustworthy things. They work according to some factors, for example: If high authority website links to freewallet, then google thinks: Oh, if cointelegraph includes their link in their main page (for example), then it will be good.

The problem is that Marketing actually works and good marketing can sell bad products. They know that their targets are newbies in crypto world and those newbies who are looking for all in one services.
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