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2481  Economy / Gambling / Re: Roobet.com | Crypto’s Fastest Growing Casino 🦘 on: May 23, 2022, 05:41:12 AM

So are you facing any issue with password and logging into Roobet ?
Roobet is one of my favorite gambling platform and i often play there along with few other gambling sites.

Yes only the first time I login after a few months of leaving this site I just found out this is their attempt to keep user accounts safe.

I suspect this will happen if we don't log in for some time to ensure that we are the owner of the account security code will be sent to email.

If we don't enable 2FA, this will be very helpful hackers are not easy to take over accounts.


It's especially important if your account has already gone through KYC. Because as casinos in the internet become better in detecting fake identity/information details and fraud, the value of accounts that are validated with real ID/information details behind it go up. I believe there's a growing black market/dark market for hacked accounts with KYC, which should make your casino do extra measures to secure it.
2482  Economy / Gambling / Re: Jumbo Ticket 🔥 Crypto Lottery 🔥 Dream Big! Win Big🔥 on: May 21, 2022, 10:23:10 AM

Like the other users above, I don't like the site that ask to fulfill the phone number in order to sign up. The site claiming to offer anonymous privilege, but asking phone number and mandatory KYC on the TOS are contradicts with the anonymous! Another thing is, we're only see the winners with the ticket number, it's possible if the site including the transaction hash too? To make sure the site is really pay to the winners.


Transaction hash from your wallet to the lottery site? I believe that should be the right of the user if he/she wants that information known to the public or not if he/she won. It can always be used nonetheless if the site does not pay.

Quote

OP, does Jumbo Ticket have an account in the forum? Please post profile link of Jumbo Ticket's Bitcointalk account.
Lol, you don't even read the other replies first? especially this thread is really new and only have 1 page.


I honestly didn't. I read the first two replies, then posted. I believe a profile link for Jumbo Ticket's Bitcointalk account should still be posted in the OP, just to let everyone know officially that it's the real account.
2483  Economy / Gambling / Re: Question for regular casino players. Will you use Lightning if available? on: May 21, 2022, 10:06:26 AM
I made a topic 4 years ago that asked if casino site owners and operators were interested in integrating/implementing the Lightning Network for their service. It had just three replies, and two were mine. Hahaha.

I want to ask again, and this time to the users. Will you use the Lightning Network if available? Or will you continue to use whichever altcoin you're currently using?

Lightning Network is for bitcoin and so if the site already has implementation of the LN then I guess most of us would use it to save the fees from on chain network.
When it comes to altcoins, many of the altcoins have a cheaper fees already.
I generally use altcoins for gambling because we tend to lose money in gambling and I don't want to lose my precious BTC.


I admit, our HODL-mentality might be one of the main reasons why shitcoins are being used more and more. I also can't disagree, gamble with the shitcoins, don't forget to wash your hands, but keep the precious Bitcoins as savings. It both has its pros and cons, or a trade-off? I will post a shower thought about it in my Buy the "DIP, and HODL" topic and have JuanJayGee post his own opinion about it. Hahaha.
2484  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! on: May 21, 2022, 08:39:59 AM
I believe President Bukele never claimed their summit among South American central bankers to be all, and just about Bitcoin. Bitcoin is merely part of it. Read the Twitter post, it said "talks about financial inclusion, banking the unbanked, AND Bitcoin". It's not a "Bitcoin conference", but Bitcoin is obviously one the main topics to be discussed.


That is true, it is not only about bitcoin, it is about financial inclusion, digital economy, banking the unbanked the bitcoin rollout and its benefits in their country. But according to what was posted above, some central banks do not know that bitcoin was even part of summit, while some do not care, while some like it and saw it amazing. All I know is that bitcoin can not be accepted by all central banks in just one day, and if some do not accept it, that does not mean bitcoin adoption will not continue. What surprised me most is that China that its mining operation and hashrate went to zero during last Chinese government crackdown on cryptocurrencies are producing the second largest hashrate now if the news I read it from is saying the truth though.


If they didn't know, now they know. Hahaha.

They should consider themselves very lucky, and they should take the summit as a golden opportunity to know more about Bitcoin and how/where to buy them. Their governments, who need to weaken political strongholds, are those that need it the most. I hope they truly understand what Bitcoin is, and what it will be for them. This isn't another payment system for consumers. It is something much more.
2485  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 21, 2022, 08:16:47 AM

That is:
49% for UP
+
10% supra $27k
+
12% supra $25.4k
=
71% total

Upon reflection, the 71% assignment of not breaking below $25.4k seem like higher odds than I had anticipated that they would have been.. yet at this particular moment, I am not sure where or how I would currently adjust the assignment of probabilities to make me feel more better about each of the numbers?

How about you Wind_FURY?  Surely, you consider these matters differently from me, and you would tweak the current assignment of probabilities, and if so, how would your assignment of probabilities come out differently from mine?


I'm probably more bearish than you for 2022, and 2023. Although yes, I'm biased because of the pattern we experienced in the past, BUT with the Fed's rate hikes and tightening of the balance sheet, I believe it might validate the bias.

Plus where will the inflows come from? Many plebs, and other ordinary investors like us have no more dry powder/will need to save. Institutional investors are having their own bear cycle in the legacy markets. In fact, some ordinary investors in cryptocurrencies might start selling to, pay for their expenses which are becoming more expensive because of inflation, or simply to sell and look for other investments.

Quote

Do you want to say that everyone should be waiting to stock up on bitcoin?  that would seem ridiculous to me., even though I do understand why it makes sense to keep some dry powder available.

They can buy this DIP right now, then DCA when it touches the 200-week SMA line, which could happen as early as July, or August.

Still sounds as if you are assigning pretty high odds that there is going to be a touching of the 200-week moving average.

You do also realize that the 200-week moving average is continuing to move up (so long as the BTC spot price stays above it)?

right now, with BTC prices right around $30k, we are about 27% above the 200-week moving average.

Of course, some folks might buy on the dip, as well.. including buying at various increments between this current price and where they anticipate the 200-week moving average to be by the time the spot price hits it.. that is if it hits it or if it even goes lower than the $25.4K-ish that it already hit.


I actually didn't assign high odds for it until I saw your post about 100-weekly SMA. I looked at the line, and I was not happy to see that if Bitcoin went under it, it took about only two months for price to touch the 200-weekly SMA line. It's better to expect it, and be ready, than deny it.
2486  Economy / Trading Discussion / Re: Few Steps To Avoid Losses In Trading. on: May 20, 2022, 11:29:18 AM
Let me add one more

Do not trade with shitcoins

If you trade with shitcoins, it can be the beginning of losses, if the trade does not favour you, you could have lost most of your trading funds until you realize what shitcoins are.

Some coins are also just like not rising during bull run but continue to be stagnant or fall, until the bear crypto begin and the shitcoin continue to fall more than others. That would indeed be a pain in the ass.
I am Totally agree with you because many people loss their money in shitcoins. Shitcoins not have any future so I suggest every one to avoid trade in shitcoins. These Types of coins are pump and dump coins. And having high risk of lossing of your money.

[bJFor short term trading I think it is still understandable but if we hold shitcoin for long term it is not recommended[/b],
the risk is indeed very high apart from that there are still more viable coin choices,
don't waste time on shitcoins because it's a shame


What's the point of "short term trading" for plebs like us? That money would have been used more efficiently by finding good Bitcoin DIPs to buy. It's only understandable if someone is a real professional trader who's making a living out of trading. Plebs like us? We'll be only taking more risks, less reward.
2487  Bitcoin / Bitcoin Discussion / Re: El Salvador has become the first country to make #Bitcoin legal tender! 🇸🇻 on: May 20, 2022, 11:11:25 AM
@Bukele’s tweet about some of the Central Bank and financial authorities meeting in El Salvador may have misled us as to the purpose of the meeting per se: According to the information in the below GT links, the Central Bank of Paraguay has issued a statement to reflect that the focus of the meeting is not cryptocurrency, nor are they themselves interested in the matter.  The meeting is really the 18th meeting of the Alliance for Financial Inclusion, delayed since 2020 (I figure due to the Corona virus outbreak).

If this is so, it seems that we’ve been oversold the meeting, and although some part are surely going to verse on crypto, as this post suggest, it may not be the core objective after all …

See (Google Translated links):
https://www-eleconomista-net.translate.goog/cripto/Banco-Central-de-Paraguay-desmiente-que-foro-en-El-Salvador-sea-sobre-bitcoin-20220518-0019.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp

https://www-bcp-gov-py.translate.goog/comunicado-sobre-participacion-del-bcp-en-foro-internacional-n1716?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=es&_x_tr_pto=wapp


Quote

Central bankers and financial regulators from 44 countries enjoying their second day of talks about financial inclusion, banking the unbanked, and #Bitcoin adoption in
@Bitcoinbeach
 and in El Salvador 🇸🇻

https://twitter.com/nayibbukele/status/1526756578174582785?s=12&t=E6h-faB-GCCk4ggy6wJjGw


I believe President Bukele never claimed their summit among South American central bankers to be all, and just about Bitcoin. Bitcoin is merely part of it. Read the Twitter post, it said "talks about financial inclusion, banking the unbanked, AND Bitcoin". It's not a "Bitcoin conference", but Bitcoin is obviously one the main topics to be discussed.
2488  Economy / Speculation / Re: Terra cofounder Do Kwon is the one who is pumping Bitcoin on: May 20, 2022, 09:28:44 AM
Tin-foil hats on. Do Kwon was planted by the CIA to build/set up Luna/UST for a massive failure that will open an opportunity for the government to start FUD, immediate regulations on stablecoins, and make way for a fast release and execution of the Fed's CBDC.
2489  Economy / Gambling / Re: Jumbo Ticket 🔥 Crypto Lottery 🔥 Dream Big! Win Big🔥 on: May 20, 2022, 07:10:17 AM
Welcome to the forum, Jumbo Ticket. I believe during a bear market, if there will truly be a bear market, it's debatable until the end of June/end of Q2, a lottery is the most perfect and profitable form of gambling to operate. People simply become more unwilling to take risks/gamble, and would risk only small.

OP, does Jumbo Ticket have an account in the forum? Please post profile link of Jumbo Ticket's Bitcointalk account.

Quote

KYC / AML
JumboTicket reserves the right, at any time, to ask for any KYC/AML documentation it deems necessary to determine the identity and location of a User. JumboTicket reserves the right to restrict service and payment until identity is sufficiently determined.

https://jumboticket.com/terms-and-conditions


What will cause, and when will Jumbo Ticket start asking for KYC, and is this true for ALL first time withdrawals?
2490  Economy / Gambling / Re: BitLucy.com 🎰 100% Deposit Match ⚽🏏🥊🏀 🔥 on: May 19, 2022, 11:59:30 AM
I wonder if BitLucy.com can be online again this Tuesday because today, I see Error 200. But hopefully, it will not takes too long after what Royse777 announced before.

I am really curious about the site's makeover because that means will change everything on that site, and I think it will become better than before since they already get many suggestions from members.

I don't Royse need to update us for the maintenance since the website is on temporary stop operation by the time they stop the withdrawal due to the problem on there website. There is no one playing on it unless someone with stuck balance here. Royse already give advance info for this current maintenace in his previous announcement. Maybe they are improving there withdrawal/deposit system and add some extra security because that's where the problem started.

I’m sure they will come back strong because they are just starting there venture in crypto casino industry.

Its just they didn't expect this massive abuse happening to their casino so I guess they are working to sort those things and provide more quality platform to their gamblers. Somehow this is good detection at early stage because for this they can improve their security and to the said incident to happen again. Let's just see if they really came back more stronger because I think their existing gamblers are looking up for their comeback.


I haven't really gotten the context of what happened to BitLucy. I only assumed that there was a generous first time deposit bonus offered, without KYC, and easily withdrawn with a minimal a roll-over requirement that was abused. Is that what happened? Because someone can hire people from a Fiver type service for the man-power required to cheat the casino. BitLucy should have implemented KYC and a 100% roll-over requirement.
2491  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 19, 2022, 11:48:05 AM

What's currently happening to Bitcoin is the same bull/bear pattern. 2018 is 2022, 2019 is 2023, 2020 is 2024 - the year of the next halving. Cool

There's always some risk if you get too tied up into making fractal comparisons, even if you might end up getting your prediction correct, you are likely going to get yourself into some kind of psychological or financial pickle (if you have not already) if you assign higher probabilities than they deserve to these kinds of patterns that you see (whether unique to your own shower visions or you are engaging in some kinds of kumbaya coordinations with some of your soulmates..  Cheesy Cheesy Cheesy Cheesy Cheesy)

I accept that the future is unpredictable, I was merely pointing at that, based on past data, it's more probable that we'll see the same pattern continue, or may have already showed the same signs of what's about to happen by the next halving.

You find it laughable? S2F was also based on past data, and also modeled a pattern, although based on flawed assumptions.

The S2F model is not dead and neither are the ideas (and data) underlying it as a way of looking at bitcoin....

You can build it into your way of looking at bitcoin however you like, but poo-pooing it comes off as unnecessarily bad thinking... but hey, you do you.

Shower thought. We will see a surge, with every "influencer" posting that the "bottom is in", then slowly it goes back under $30,000 again, possibly continuing to the 200-week SMA line.

Well the 200 week moving average is at about $22k right now and it is going up around $15 to $20 per day.  

Surely it is possible that the BTC price could touch the 200-week moving average, but we also would like to get some idea regarding how much of a move up is necessary to be reasonable in terms of considering the local bottom to be in.. which is currently at about $25,401...

Our having had gone below the 100-week moving average in the past week (which is currently at $35k) has likely put us into a bear market framework, so in order to get out of a bear market framework, we likely need to get back above the 100-week moving average and also either to stay above it for a certain amount of time or perhaps to get sufficiently above the 100-week moving average to start to consider the bottom to be in.  

So for sure, one thing is having the bottom in and then another thing is resuming up...


How high, in your opinion, is the probability that Bitcoin's bottom for this part of the cycle is $25,401? Ap probability higher than 80%, do you believe?

Quote

Do you want to say that everyone should be waiting to stock up on bitcoin?  that would seem ridiculous to me., even though I do understand why it makes sense to keep some dry powder available.


They can buy this DIP right now, then DCA when it touches the 200-week SMA line, which could happen as early as July, or August.

Quote

Another thing is that if someone is just coming into bitcoin, then what do you want to tell them?  Wait before you buy?  


What I would tell them is never buy the top then DCA all the way down, how stupid to the already stupid me would I have looked if I told family/friends to not wait and buy from $60,000 and DCA the way down. That would be bad for their savings.

Plus a mere shower thought on Pooyah's posts. What if Bitcoin is truly correlated with legacy markets, and will be more correlated because macro-economics has always been what made markets, all markets move in either direction up or down?
2492  Other / Archival / Re: Announcing Wasabi Wallet 2.0 on: May 19, 2022, 06:57:45 AM
But it would also be that, or face sanctions and lose their users, or shut the service down. They simply chose the trade-off, and lose some reputation.

Except they have freely admitted that they aren't facing sanctions and that are no laws or regulations forcing them to start censoring their users. They are doing it voluntarily to make more profit. They could either have continue to operate as they did, or they could have spun up an anonymous coordinator. Either way though they would make less profit, so they decided to sell out their users to line their pockets instead.


But think about the situation from WasabiWallet's own viewpoint, should they wait until it's too late, and they are facing sanctions and/or possible extradition before accepting the trade-off? Should they freely admit that the United States government, or any government is already threatening to sanction them? They will always say it's safe to use the service.

I'm not sure about spinning up an anonymous coordinator, let's ask nopara73, but WasabiWallet itself, the website, the developers, the profit would be threatened even if users can mix through an anonymous coordinator.

Quote

It then makes logical sense for them. They want to provide their services to institutions who merely want a mixer/tumber, but without "the taint".

Taint only exists because institutions like Wasabi perpetuate this nonsense.


I agree, but this is the point, "they" don't and "they" can lock us out of our accounts from "their" services/confiscate our coins.

Quote

From their perspective, yes, and not only their users, they're also protecting themselves from being sanctioned.

They aren't protecting their users from anything. They are selling them out for their own benefit.


I respect your opinion, and I can agree, it's protecting their incentives, but it's still up to the user if they continue to use a service/a software/an app or not.
2493  Economy / Economics / Re: If inflation is rising, why isn't crypto more valuable now? on: May 18, 2022, 05:36:44 AM
Because the Fed is tightening the balance sheet through QT and rate hikes, causing investors and speculators in risk assets, like stocks, commodities, and cryptocurrencies to sell.

But ser, in Bitcoin's situation, ZOOM OUT. It has increased by MORE than ten-fold from under $1.00 to more than $10,000, and in my opinion, still in its path of price discovery to $100,000. Cool

That sucks. I thought Bitcoin's price moved regardless of what happens in the real world. But now, it moves along with the stock market and what actions central banks do against the economy. This way, Bitcoin and other cryptocurrencies cannot serve as an alternative to the current financial system. There are still a lot of people who don't know anything about Bitcoin, so I'd say we're still in the very beginnings of crypto's mainstream adoption.

With what happened with LUNA lately, it's going to take a little longer before the crypto market rises back to its former glory. As long as everything remains decentralized, there should be nothing to worry about. Just my opinion Smiley


You were here during 2014, before many of us. I would believe that you among most of the people would have already understood Bitcoin's open-market induced volatility.

Plus what you're saying about "cannot serve as an alternative to the legacy financial system" is debatable. Bitcoin functions as well during bull markets, and bear markets, producing block after block without downtime. The Dark Markets continue, Bitcoin casinos continue, everything continues.
2494  Economy / Gambling / Re: I miss the old OnChain gambling on: May 18, 2022, 03:19:26 AM
The world is changing and you have to change to, if don`t want to be the last. I join crypto world in 2016, but even for this time it was a huge quantity of changes in this world. New cryptocurrencies, new rules, masternodes, DeFi, NFT. There were just several places that need KYC. But everything changes and a businessman has to change his projects to match the current time. This gives us new opportunities, so i willn`t try to remember how it was 5-10 years ago.
Changes and innovation is something inevitable and for an industry like Gambling then it is really that understandable that they would really be needing out adjustments or making something new

which hadnt been existed on the market on where they would really be the first on giving out into the community or offering its service because once its been recognized then it would

really be in resulting for having that attention that they might able to pull it off which would really be good for the business.
Sometimes it not only good for business, in some situations "My dear, here we must run as fast as we can, just to stay in place. And if you wish to go anywhere you must run twice as fast as that."(c) Lewis Carroll.
If you don`t want to lose gamblers you have to involve new decisions that will make gambling easier and more attractive for gamblers. In other ways they will just change casino.

And with the current situation in gambling, players are more comfortable in centralized casinos.
It seems that they are not attracted with the onchain gambling these days.

There are benefits with onchain but in this today's situation, I don't think they will patronize onchain. There are features in centralized casinos that gamblers want, even if some of them are asking kyc. Maybe, because they are trusting these casinos because most of them have licensed to operate.

At least, an organization is looking after them, even if we say, very rare occasion that you truly see a casino sued by a player.


It's because the current regulatory system is "easy" enough for the casinos to work with, and the requirements are moderate enough for users. For now. But an industry under the "indirect control" of a cabal through the "regulators" can be manipulated to tighten their requirements. If tight enough during the time of onchain casinos, I believe the trade-offs being offered might become more attractive for the users.
2495  Economy / Speculation / Re: Buy the DIP, and HODL! on: May 18, 2022, 02:54:21 AM

What's currently happening to Bitcoin is the same bull/bear pattern. 2018 is 2022, 2019 is 2023, 2020 is 2024 - the year of the next halving. Cool

There's always some risk if you get too tied up into making fractal comparisons, even if you might end up getting your prediction correct, you are likely going to get yourself into some kind of psychological or financial pickle (if you have not already) if you assign higher probabilities than they deserve to these kinds of patterns that you see (whether unique to your own shower visions or you are engaging in some kinds of kumbaya coordinations with some of your soulmates..  Cheesy Cheesy Cheesy Cheesy Cheesy)


I accept that the future is unpredictable, I was merely pointing at that, based on past data, it's more probable that we'll see the same pattern continue, or may have already showed the same signs of what's about to happen by the next halving.

You find it laughable? S2F was also based on past data, and also modeled a pattern, although based on flawed assumptions.

Shower thought. We will see a surge, with every "influencer" posting that the "bottom is in", then slowly it goes back under $30,000 again, possibly continuing to the 200-week SMA line.
2496  Economy / Gambling discussion / Re: High Rollers on: May 17, 2022, 11:07:55 AM


Hahaha. Don't they know they're allowed to invest in farm land, or a beach front?

Hard to believe someone with that money doesn't see an option to invest somewhere like farm or beach. Even if you  are not into BTC, he will still think of putting his money  somewhere safer to not lose it all in an online casino.


OR they probably already own some farm land, a beach front, an island, everything money can buy, and they still have more coins they don't know how to spend? Haha.

Quote

If one is very aware of what he is doing and still gambles that big, he must have a lot of BTC, maybe he got a thousands of it long before the price goes more than $30K. who knows, a long time holder since 2011 probably.

With that money I will not worry about the recession today.


Perhaps an early 2011 - 2012 miner who was mining them with his/her laptop everyday of the week and get thousands of them per week. The Bitcoin Pizza Guy was one of them. Spending 10,000 coins for pizzas? He might be HODLing 100,000s more!
2497  Economy / Trading Discussion / Re: Few Steps To Avoid Losses In Trading. on: May 17, 2022, 10:45:13 AM
Over the years I have come in contact with so many traders and 65% of them have always complained about not making a profit in their trading when asked the reasons behind their losses they have always responded by saying this,( bad luck). You can not make profit in trading without observing the trading rules.

Here Are A Few Steps To Avoid Losses In Trading:

1) Have good knowledge about Trading: In order to avoid losses in trading, I advise every trader and those intending to venture into trading to get knowledge of trading first before trading. Go for online classes(Youtube) for a pre-trading experience, register for mentorship classes, and onsite classes for a fast and better understanding.

Note: Learn To Earn.

2) Trade With Well Known Trading Platforms Only: To avoid losses as a trader, ensure you trade with the recognized trading platforms, e.g, Bitfinex, Binance, Huobi, Coinbase, Bittrex, kucoin, be careful and don't trade with an unfamiliar trading platform.

Note: Walk with the wise you become wiser.

3) Master Your Trading Strategy: Traders who make huge profits in trading have one secret which they do not share that is their trading stategy. They master one trading pattern and they work with it, when you master your strategy, you will trade with confidence you will jump around looking for signals or analysis before trading.

Note: Stick to what works for you.


4)  Understanding The Power Of Risk Taking: As a trader, taking a risk in trading is good but knowing when to take the risk is better, so many traders lose money in trading because they believe that everything about trading is risk-taking no, you only take cross-examined and calculated risk only in trading this will help you to stop even when your profit margin is high.

Note: We trade to grow not grief.

Summary: Your profit must be greater than your losses if your a good trader so trade with wisdom.
I will also share my version of the trading strategy in this topic too

- Timeframe - 5 minutes
- Look for a big accumulation of highs or lows and use them to draw the level
- When this level breaks through, go in the direction of the trend, put a stop-loss outside the high or low
- Keep the risk/reward ratio of 1 to 3
- Use no more than 4x leverage (Cexes – Binance, Kraken; Dexes – Wowswap or Ddex)
- Profit!


It's not that easy, or else everyone would be making easy profit everyday, and if everyone is making easy profit everyday, who are the people losing? For every trade, there's always a counter-trade against you who also believes that he/she is right. Better to just buy the DIP and HODL, and make it hard for the "traders" to get what they want most from you. Your Bitcoins.
2498  Economy / Economics / Re: If inflation is rising, why isn't crypto more valuable now? on: May 17, 2022, 05:40:25 AM
Pretty much what was said in the first reply. It’s trading like a risk on asset and tied to the stock market especially the tech stock index the nasdaq 100.

Until we see any type of decoupling it will keep following it. Many market makers and arbs are pretty much following the nasdaq and copying any major moves. So until we get a disconnection somewhere, where crypto rises and nasdaq is flat or downwards. It will be bearish.


The more Bitcoin becomes more "mainstream", with more and more mainstream investors coming in that are more learned about the legacy financial system, then I believe Bitcoin will be more correlated with mainstream markets than we have witnessed before. It's simply part of the evolution of a technology being accepted by society, like the internet, the telephone, or air travel. But will that stop Bitcoin from its price discovery to six digits? NO, there are some features of Bitcoin that have not been priced in yet.
2499  Economy / Gambling discussion / Re: High Rollers on: May 17, 2022, 05:22:02 AM
I didn't know there were so many millionaires in the world. Most of them are wiser with their money than to gamble the capital through it. You often do not become a millionaire by gambling at a casino or other gambling sites. Then you should make a big hit, but in the long run we all play on and the whole capital goes through it.

There are many millionaires in the world but most of them never share their wealth publicly and only some people know about it. These rich people also often gambled and spent a lot of money on many games. We will never know let alone maybe many of them are playing in private casinos which are only allowed to be visited by people who have a lot of money. But we may only be able to see some of those who play big money gambling in one casino and can only see the total amount of money they use.


That's true especially in Bitcoin Land/the cryptocurrency world. There are sometimes whales who play with more than 10 Bitcoins per click in dice in Crypto.Games. That's $210,000 per click if we put the price of Bitcoin to its next possible bear market cycle low. Who would bet $210,000 per click, it's crazy. Is he an owner of one of the biggest Bitcoin mining farms? A HODLer from 2011 or 2012? The wife of a HODLer?


Whoever that is, that person is very rich in bitcoin. Before when bitcoin was still very cheap, it was easy to gamble 1 BTC per click, but now, it's very expensive and those who can gamble that amount are very rich, we don't have to get envy, LOL. Enjoy gambling based on what you can afford to lose only.


I believe it's more than just being "Bitcoin rich", he/she might be a super bored person who's merely looking for excitment? Or maybe a depressed person who wants to throw money away to feel better? Because if I have 10 Bitcoins to throw away click per click, I would rather invest them in real estate, and farm land. That's what a normal person would do.



Quite surprised to see consecutive high roller of above 20BTC on a single wager. Have any of you come across such big wagers in real-time. Came across this while spending time watching the high rollers on the bets tab. Have anyone came across such big bets, and I don't whether this player have managed to make a win or not. Shocked

To be honest, I have never seen such big stakes.  

23 BTC is approximately $690,000.  This is a huge amount of money.  With this money in my country you can live your whole life and not look for an additional source of income.  

This player is probably a very rich man.  It can be assumed that this is one of the first bitcoin holders.  You don't have to be Sherlock Holmes to assume that this person is into either trading or (more likely) investing.  

He probably bought his bitcoins for little money and therefore it is psychologically easy for him to use these coins as bets in an online casino.
Maybe yeah, he is one of hidden crypto billionaires that never exposed before. There are handful of high rollers spun slots with max bet size and due to anonymous conditions, we will never know who doing such high bets except slot streamers. These streamers use house money for both slots and sports bets, their balance is not withdrawable probably.  FE: TrainWrecksTV and Roshtain have the best deals on some casinos, I highly doubt they can withdraw their winnings back to their crypto wallet.


Hahaha. Don't they know they're allowed to invest in farm land, or a beach front?
2500  Economy / Economics / Re: If inflation is rising, why isn't crypto more valuable now? on: May 16, 2022, 12:30:58 PM
Because the Fed is tightening the balance sheet through QT and rate hikes, causing investors and speculators in risk assets, like stocks, commodities, and cryptocurrencies to sell.

But ser, in Bitcoin's situation, ZOOM OUT. It has increased by MORE than ten-fold from under $1.00 to more than $10,000, and in my opinion, still in its path of price discovery to $100,000. Cool
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