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4361  Bitcoin / Bitcoin Discussion / Re: Is it possible that number of miners will decrease for a while? on: May 12, 2020, 01:32:39 PM
With the recent halving of block rewards, the incentive will be lower than previous for miner. On the other hand, the cost for them will still be same which may not be profitable for a while (I'm not sure about this). If it is true, is it possible that some miners will just leave mining for a while until they get back in a equilibrium or in profit? What fo you think?

It is very possible and it has been happening.

The cost may rise or fall. The main cost there is the regular or non-stop electricity that miners need. But that is not something they cannot do anything about. They have certain options to counter it. But as to whether they will continue surviving with a profit despite the just implemented inflation of rewards, they will see in the next month or two.
Mann, if you see the BCH mining activity it goes skyrocket after the halving! I am sure that many bitcoin miners are mining other coin now cause of the halving. Lot of small time miners will transfer and going to mine other coin and maybe they are going back to bitcoin if the price goes up and it will be profitable again. But yeah, after I see the BCH mining activity and the sudden increase of miners of that coin, I am sure that most of them are mining bitcoin before the halving.
4362  Economy / Gambling discussion / Re: 500$ - 30,000$ Gambling Challenge on: May 12, 2020, 10:04:50 AM
It's been five days since the last post here. I'm wondering how it's going to develop.

No one is immune to bad luck, OP, so if you lost all-in betting with some 1.05 odds, or something like that, we can perfectly understand it. But please don't abandon this thread. Say something. I bet more than 10 people are following your challenge, so, any word from you would be greatly appreciated.

As scientific experimentalists put it: "A bad result is also a result". Wink

His bankroll is on 6k now! damnnn. That is actually a good result! I think he ca what he want to do since we are seeing the result that he is actually doing good and having a consecutive wins. I hope he is not going to lose his money on just one bet. Yeah, winning is fun but make sure that if you are gonna lose you can handle it well and don't go all in, in one lose. Sometimes I'm just like that, if I win small I will be contented and if I lose, I will be aggressive. But as of now, Good job!!!  Grin
4363  Economy / Economics / Re: Rookie thing. on: May 12, 2020, 05:49:31 AM

Not a rookie question in my opinion, you dig deep.
Fiat will not disappear, it will just go digital like the governments are doing as of now. 

Yeah, fiat will never be disappear and it is going to be our medium of exchange no matter what. Bitcoin and other cryptocurrency will be there just to support fiat and there's no way cryptocurrency will replace fiat! As of now, Banks are having their own online platform and they are making apps to make the transaction faster and easier. Honestly, online bank transaction is instant and I will going to use it over bitcoin. bitcoin and other cryptocurrency transaction is slow and for me it's only for investment purposes. Let's see if there will be new coin that will have a instant transaction speed that might replace bitcoin.
4364  Economy / Gambling discussion / Re: Be a professional gambler on your own way. on: May 12, 2020, 05:09:38 AM
I hope everyone who aim to be a professional gambler will understand that it's a process.

Some gamblers think they can win money instantly or acquired the necessary skills in a short period of time, I am sure professional gamblers are confidence but they are always open for improvement and they always learn from their mistakes.
And professional gamblers are also losing money, I watch a movie about being a professional gambler the movie is "the rounders" and they are playing poker to survive in a daily basis. Usually if you want to be a professional gambler you should pick a game that is skilled base so that your chance of winning will be based on how good you are. and the discipline should be to the highest level so you are not going to lose all your money in just one bad day.
4365  Economy / Collectibles / Re: [Auction] Satori Chips and Polymerbit Lot on: May 12, 2020, 03:34:48 AM
Lot1: 0.0115BTC
4366  Bitcoin / Bitcoin Discussion / Re: Happy Halving! on: May 12, 2020, 03:28:50 AM
It's my first time to see and experience bitcoin halving. Today is the day where I can  finally witness how bitcoin will be going to move at this moment and after halving.
 This is also the time if the theories of bitcoin enthusiast will gonna happen or not. Happy btc halving everyone!
The bitcoin just dump today and still, it's not clear if the price will go skyrocket or just go down again. We all know that the pump on the past halving happen few month after the halving itself so we can expect that too, this time. Let's see what is going to happen after few months but today let's just hold our coins!!!

Happy BTC halving everyone!!!  Grin Grin Grin
4367  Economy / Gambling discussion / Re: Crypto casinos pros and cons on: May 12, 2020, 03:05:56 AM
Hi guys!

We are all here because we like playing with crypto Smiley
There are many advantages of gambling in crypto casinos, e.g. privacy and speed. Or something else?
But are there some disadvantages for you compared to fiat money casinos?

Cheers,
Karl

I don't see any disadvantage of playing in casino with crypto over the fiat money. The only thing which comes in my mind is that a person can send the coins to the wrong destination address which is only if anyone is too much careless. Other than this , using crypto has all advantages.
There's a lot more than that. For example: if the casino goes offline and just announce that they got hacked and steal your money then, you just lost there and it's one of the disadvantages and lot of casino until now are doing that! And some casinos are offering bonus which make your balance be trapped at their websites. Crypto casinos have many disadvantages you just need to pick the reputable and legit one to avoid those kind of scheme and avoid losing your money.
4368  Economy / Trading Discussion / Re: Starting as a Trader and Trading Bitcoin on: May 11, 2020, 02:11:23 PM
The basics for a trader: buy low, sell high lol  Grin.

Nobody can really predict the price of a bitcoin, do your own research and make a plan. At which price do you want to buy bitcoin? For what price do you want to sell it?
What is your timeframe? ...
Mann, trading is not like gambling which you are going to have a 50/50 chance of winning. you can lower the risk by studying and analyzing the market! and being always updated is good too.

Here's my list before trading whether it's a short term or long term :
  • Where is the support?
  • Where is the resistance?
  • What is the price
  • is it good price to enter the market?
4369  Bitcoin / Bitcoin Discussion / Re: Am feeling Regret on: May 11, 2020, 01:45:36 PM

Though this requires a bit of time sending your fund than using an online wallet but this is the most secure way to store your BTC.

But if you want easier setup but still in a secure way. Installing electrum as your desktop wallet and/or mobile wallet is good to go. Just to make sure your device is fully secured at least installed with anti-virus (windows/mac), though electrum binaries flag as a malware of most anti-virus but there's nothing to worry, you just need to verify your downloaded electrum. And one thing, VPN will save you from your ISP trackers/logs.

Too many instructions to follow to secure your funds, right? That's how a responsible person will do with his hard earned money.

I'm a big fan of electrum, but i wouldn't store 44 BTC on a desktop wallet. It's a big step up from a web wallet, but still not good enough to store the fiat equivalent of a house in the city. Those kinds of funds require a hardware wallet, paper wallet or airgapped wallet imho.
hardware wallet is indeed the best way to store that kind amount of money, holding it online is a huge risk! my suggestion is store it on a hardware wallet and just transfer it to an exchange if you are ready to sell it.

With regards to the price, just chill mate! it will go up you just need to hold! you must be concern now on transferring it to a safe wallet  Wink It's okay to lose with just a small dump rather than losing it all into a online wallet. and BTW, the price is now on 9k so cheers  Grin
4370  Economy / Gambling discussion / Re: Ultimate list of crypto Gambling sites that offers investment in the bankroll on: May 11, 2020, 01:09:26 PM
I don't really see the point of investing funds in this manner into these site bankrolls since you would need to deposit huge amounts to receive a decent payout over a long period of time and the site would still need to be functional without shutting down or scamming their players.

Way too risky in my opinion. Instead, I would invest in something like a Dash masternode which is far less riskier in comparison.
DASH masternode is too expensive and there's no way normal people can afford that.

It's not risky if you consider investing into reputable gambling website's but yeah, if the money is not on your own hands it always includes risk.

This thread is helpful, hopefully you'll update this in a timely manner.

The information you shared could be use for people thinking of investing in a casino's bankroll.
Just like this thread created by Yatsan.

https://bitcointalk.org/index.php?topic=5239794.msg54203954#msg54203954

maybe he can consider adding sites from here on his list.

Right now, I am satisfied on bustadice and yolodice  Grin maybe in the future I will add more or maybe stop  Cheesy but who knows! haha.
4371  Economy / Gambling discussion / Re: How to be invested in Crypto while staying away from gambling? on: May 11, 2020, 10:58:12 AM
How about splitting your funds into 50/50 the first half you invest in Cryptocurrency buy any desired currency and HODL it into your wallet or ledger and the other half you bet in gambling and casino's. But ultimately for this to work is you to set limits of bets like betting with small amounts so you wont lose it quick and to learn to strategize and win the game. But if you're unfortunate and loss then you shouldn't touch the first invested funds.
50/50 is a big money man! I suggest that first allocate your funds or monthly earnings into bills and to all of your needs and after that, if there's money that is available after allocating your funds and then, that is going to be your funds for gambling. Discipline is a must!!! If you don't want to be broke or you don't want to suffer for huge amount of loan, you need to discipline yourself.

Allocating your funds is the best way to invest and gamble, or rather invest and stay away from gambling.
4372  Economy / Collectibles / Re: [FREE RAFFLE] RxAlts Halving Series: The 2020 Bitcoin Penny (YES, 2020)!! on: May 11, 2020, 01:22:07 AM
84 - Yatsan
4373  Economy / Collectibles / Re: [FREE RAFFLE] RxAlts Halving Series: Bitwedge Ticker by VOLTAGE GOAT PART II on: May 10, 2020, 07:18:23 AM
60 - Yatsan
4374  Economy / Speculation / Re: What inspired you to buy BTC? on: May 09, 2020, 02:27:31 AM
The things that inspired me to buy bitcoin is my friends who invite me to buy bitcoin in the year of 2017, so we could gained diamonds in the game of mobile legends, but we didn't know about it is that we could used it as our source of income by investing some of our funds. That is why we started to explore in the surface on how could we earn more in bitcoin and cryptocurrencies, until i find this bitcoin forum to earn cryptos and learn more.
This is quite odd to see. Many investors of Bitcoin started out of curiousity seeking for things that could generate income. I am familiar with that game and I don't know that Bitcoin could be used in order to buy things inside such the game itself because I thought it requires fiat based digital currencies such as e-load, and the likes, or maybe that is in my country only. Bitcoin is originally a digital currency but due to the volatility of its market value, it was more used as an investment that gives profit to the investors whenever the market price is in upward motion.
I have known Bitcoin since 2014, and at that time I had not bought it, I regretted it, and started buying it when the price was at $ 1000, precisely in early 2017, but of course I still regretted it because I didn't sell it at All Time High
That is because not all people way back that year expected the market price would be this much after a few years as it started to be recognized by more countries. Same thing regarding the moment its market value reached its ATH, majority of people did not expect that a correction would immediately occur which pulled down the entire market before. Many investors are expecting for a higher market value that time but the opposite happened causing regrets to most of the investors, which made some of them sell their holdings at a low price due to lack of hope that the market will again be able to recover.
4375  Economy / Trading Discussion / Re: He Lost His Investment. See what Happened! on: May 08, 2020, 05:57:48 PM
This is why I prefer to trade on my own. So that such a story doesn't happen.
The root cause probably in this situation to why the victim agreed to invest money to a professional trader is that, he wants to have an assured profit from trading due to the label "professional". It is money which is on the line so you better put it in your 'hands' since that is your money in the first place that you invested. Asking for help and tips would be a good thing to do but depending on them to much would not be advisable. It is your money and that should be enough for you to take full responsibility of it and make decisions for yourself. It is like paying someone to do your project.

Know what you are engaging yourself into. Familiarize yourself about it to avoid being fooled by other people. If you are not that knowledgeable, do not rush things and take time to have an initial idea because there will always be people who will take advantage of the things you lack once they get the opportunity.
4376  Economy / Speculation / Re: Bitcoin price could reach $ 100,000 by 2025 on: May 08, 2020, 04:31:52 PM
Many people are making such speculation and prediction that its market price will be this "high" in the future. Just think of how many people made the same prediction way back three years ago when the market price of not only BTC but most of the cryptos are breaking 'barriers'. Many people assumed that it would continue but what happened next is the total opposite. A year passed by and people were expecting for a 'come back' but nothing happened. The bottomline is that, predictions are just opinions covered by some subjective basis which are not having assurance. No matter how we make a 'pattern' to which year its price would go up, volatility is in nature, and that should be enough that we cannot be certain especially if we would be futuristic.
4377  Economy / Trading Discussion / Re: Trading Bitcoin Question on: May 08, 2020, 04:10:06 PM
The market value of Bitcoin and other cryptos cannot be manipulated for a long period of time because the market price of cryptos are naturally volatile. Whales could make changes regarding the market price of a particular crypto but that won't last for a month, referring to the market prixe changes. That is, to make sense of the question whether there are people planning to alter the market price is not possible. Normal people won't make it possible to be exact. 'Big' people in this industry could do so but it would seem impossible that those people would play with the market situation in such manner. The market price of Bitcoin is not something anyone would be able to buy in an instant, given that there is a large number of Bitcoin circulating, no one could make changes just because they are a 'group'.
4378  Economy / Trading Discussion / Re: The Easiest Way For New Traders To Profit From The Crypto Market on: May 08, 2020, 03:31:55 PM
I just get puzzled into the word EASIEST way to find profit here because even an expert can never think that way how much more for a newbie.
Please don't get me wrong but there is no such thing to find in trading. It is to know the risk in trading and that means so hard to find that way either. And to tell everyone, you can actually make money/profit in trading but you should have to work it harder.
If you would know it more, you can really earn huge profit from trading but things won't be easy, and there is no easy eay in order to make money from something not only here in this industry. Trading is really a profitable activity and there would be times that profit will be bigger than cryptoinvestments, it is like an active investment. Unlike typical cryptoinvestment that you would just buy an investment then wait for the right time to sell, in trading, you would make a 'time' which is good to make a trade, in a sense that you would carefully choose a coin to trade that has a tendency to come up with profit eventually. I hope you do get my point.

Any method would be profitable if you would make use of its full potential. Profit will not come just because you wanted it to. Trading has risk, it won't always be a win on every trade but once you get some sort of 'pattern', things would be good for you as a trader. But still, market behavior would always play a role.
4379  Economy / Gambling discussion / Re: Will You Play? on: May 08, 2020, 02:57:29 PM
Not aware if there are gambling sites which do offer such help because in gambling, the aim is to 'win' or to simply make profit, right? I would probably still play but in some conditions, there should be a proof that the percentage of winnings being alloted to charity are really being given and also, to what charity it goes. Let's face the reality, corruption would always have a place to anything which involves money, that is how powerful money is. A matter of having a credible and trustworthy gambling site whoch would be transparent in this aspect because it is the players' money that would be used.

But I don't think this is enough in order to help while gambling. I would more look forward with people winning 'bigtime' and donating some of their winnings to a cahrity perhaps. 'Coz in this case, it would seem to be some sort of taxation, or forcibly donating, some gamblers won't play because they do not want to help and that should be fine, everyone has a freedom and a help should be voluntary, that gives weight to the idea of helping other people.
4380  Economy / Economics / Re: Anybody here trying to live bankless (using Bitcoin / cryptocurrencies)? on: May 08, 2020, 02:29:08 PM
Would be a hard thing to do at this early point wherein cryptos are still facing issues and it is not widely accepted to most of the countries making it quite impossible to live only with it, without fiat, especially in a country wherein most of the people are using the traditional currency. In the future this could be possible but that doesn't mean that rest is assured given that things could co-exist, as long as there are governments which would prefer using fiat over digital ones.
To be honest, I really want to live without a bank, and I want to use bitcoin for payment. But it is prohibited to use bitcoin as payment
by the government in my country, so I still use the bank. It's hard to live without using a bank, I hope in the future bitcoin is legalized
as a global currency. So that my country can accept bitcoin as payment. I have try to use bitcoin to buy items from abroad on the internet.
It feels so good.
It is technically legal but that is different from being accepted, so it is mainly neutral to some countries. Many people do prefer using Bitcoin as an investment in order to make profit as time passes by, due to the volatlity of its market value. My observations is that, those people who are not into cryptos that much, are the ones using Bitcoin and other cryptos to buy things online especially from one country to another one. And those who are that into cryptos, are the ones using it in a profitable way which is quite ironic.
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