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201  Alternate cryptocurrencies / Altcoin Discussion / Re: Solana network shuts down, will you still invest in SOL? on: February 19, 2024, 04:56:01 PM
Recently, the Solana network experienced its 11th outage in the past 2 years, causing a stir in the crypto community. This network outage lasted nearly 5 hours, raising concerns about the stability of Solana blockchain platform[1].

However, contrary to my prediction, investor confidence in the SOL token still does not seem to be affected too much. Even many of my friends are still looking for investment opportunities in SOL with the expectation that this currency will continue to grow in the new growth cycle.

I tried thinking of a few reasons why investors are still optimistic about SOL:
  • Potential technology: despite many downtimes, Solana is very fast ~ 65k tps[2]. Technology is a powerful tool for marketing.
  • Diverse ecosystem: Solana has many dApps in most fields of DeFi, NFT, GameFi, so it attracts many users[3]. Transaction fees on Solana are very low so everyone can participate and use the network easily.
  • Support from large investors: Solana is backed by many large investment funds, Solana's brand is guaranteed[4].
  • SOL price is at a low zone compared to the old ATH of 256 USD.

It's easy to understand that with strong reasons like these, investors will continue to trust and invest in SOL tokens, despite the network's uncertain quality. I'm really interested in the optimistic sentiment of investors in the crypto market: crypto operates on the blockchain, but even though the blockchain has problems, token prices continue to grow.

If you are SOL token investore, I'd like to know your views on Solana and SOL:
  • Did the Solana incident impact your decision to invest in SOL?
  • Are you really bothered by the failure of the Solana blockchain?
  • Do you believe that in the uptrend in 2025, the SOL token price will still grow and will not be negatively impacted by Solana blockchain outages?

References:
[1] Solana outage was caused by infinite loop bug previously seen on devnet
[2] Solana (SOL): Scaling Crypto to the Masses
[3] Solana ecosystem
[4] Dealroom: Solana

SOL was one of my top investments in cryptocurrencies but the frequent network halts impacted me a lot.
My perspective is that a blockchain should never be halted at least not that frequent.
This is the reason why I sold my SOL and invested it in bitcoin and ETH.
At the same time, Solana is very potential because of the developments on it's blockchain and so it's not a bad idea to hold some of it in your portfolio.
In near future, I will try to hold at least few SOL so that I don't miss the boat.
202  Economy / Trading Discussion / Re: How can we understand market going to be Bear? on: February 18, 2024, 03:17:55 PM
We know better cryptocurrency market always unpredictable. Yet we invest in the cryptocurrency market. Sometimes the market gradually turns to bear.
My question is how do we know if the market will go bearish.

There are two ways to get a reference of a bear market.

1. If there is a huge negative news in the market then that can impact BTC price downwards.
2. If the weekly chart is showing BTC price in overbought region then there is a chance of BTC price getting consolidated and can attract a price correction.

Note: It doesn't guarantee that the bear market will start because nobody can predict such cycles.
203  Local / India / Re: Consequences of skipping 30% capital gains tax! on: February 18, 2024, 03:09:03 PM
I just came across many interesting threads in reddit subforum where Indians are saying that IT won't give any penalty charges even for someone who pays zero rupees as tax, which is entirely incorrect.

Usually IT department works at the slowest pace and we will get notices for missed tax payment after 3-5 years only unless the amount involved in other criminal activity and the tax need to be paid over 50L or so. Few CA said people received notices in 2023 for the missed payment of the financial year 2018-2019, so no matter what never skip tax payments if you have made transactions over 10L or over in all of your accounts because everything combined under our PAN so it on't be much harder for them to track all our bank records.

Also, I am interested to know what will be the charges if someone doesn't pay tax? I thought added amount along with tax money but I can see they can imprison an individual too up to 3 years, so if you know please share. Smiley

So you mean we can evade tax if our transactions are not worth more than 10L in total ?  Grin
I would rather consider not making any transactions in fiat at all for few more years until tax laws on crypto are matured.
Afterall, being a long term holder I am free to keep my holding intact for few more years which gives me ample time to plan before making any fiat/crypto exchanges.
204  Local / India / Re: Everything is becoming shitty with the local board. on: February 18, 2024, 02:59:51 PM
I have been inactive and I'm really sorry for that as I had my own personal and financial problems. I understand that this board has not been active as earlier in 2017-2018, this section was super active when altcoins were doing well and I was fortunate enough to be a part of the forum back then. Now, it seems that the market is also not good and for Indians, the taxes have ruined the fun of even considering BTC as an investment or source of income which wasn't the case earlier. Bitcoins had so much potential in India but nothing is working out now.

But taxes on bitcoin investment isn't the reason why the Indian board isn't having many active users.
In fact, India has the most number of crypto investors but we don't know why those people are hesitant to get involved in bitcointalk.
Either they don't know such a platform exist or they are trying to stay away from online platforms and want to keep a low profile.
205  Economy / Gambling discussion / Re: Stefan Mandel hits the lottery jackpot 14 times and left the commission panicks on: February 18, 2024, 02:53:27 PM
Wow, $97000 back in 1987 was a huge amount. It's a life changing amount for many people.
One thing I didn't understand is that, doesn't the total cost of all the combinations of tickets add up to more than the winning amount in the lottery ?
Why would anyone pay for a lottery out of their pockets if the total amount collected through selling these tickets is not more than the winning amount in lottery.
it's possible that he didn't buy all the possible combinations because he didn't have enough funds or there are missing information about that specific win, but as far as I know, he also won in 1992 where they printed about 7.1million tickets(which was every possible combination on that specific lottery) and he ended up winning the jackpot which was $27Million.

here's the article where I read his 1992 win
https://www.businessinsider.com/how-one-guy-won-the-lottery-14-times-2016-1

After reading the article you mentioned it looks like he actually purchased all the possible combinations he thought would win him the jackpot.
That's impressive and it takes real guts to think of such a strategy and implement it in real life.


He was bankrupt in the end though. The rules were changed because of what he had done which looks like not really cheating but just bulk-buying tickets with every possible combination.

I guess he used his money to pay the lawyers for years fighting the case. I think if you win the lottery for once in your life, you shouldn't try your luck again because if you win again, the CIA and FBI will investigate you for winning again. 

That's really unfair because if there's a flaw in the system and someone is taking advantage of it then it's the business that should own it up.
Changing the rules was a good decision but filing a lawsuit against the lottery winner isn't the right thing to do.
206  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 18, 2024, 02:43:04 PM
Cannot login in due to the ongoing DDOS issue. If I remember correctly, because I dont follow their twitter page, there was a 4x Reward point promo running during these two days? Guess we will have to skip that and all for now and just wait it out.

Seems like the issue started yesterday, I never noticed because I have been busy with work and now finally got time to wind down in the weekend. Hoping things get settled soon.

Even I had noticed the DDOS issue but with few retries I was able to access the page. With few more retries I was able to spin the wheel and get the RPs.

Quote
Less than a week left for BTC/ETH price prediction and the ranges as well as the odds looks promising this time.
If we place our bets both on $50k - $55k and $55k - $60k, we will be able to take a good spot hoping BTC not to fall further from here.
I will still wait a few more days to take my range and then place my bets on the last day to stay on the safer side.
Bitcoin price is correcting from 52k to 51k and I guess the selling pressure is catching up with the bull run.

I personally feel that bitcoin will now stay in the region $50k - $55k and consolidate over the next few days.
We might see a correction and bitcoin might fall below $50k as well but later it will rebound and touch the $60k price range.
So my bets will cover the ranges $45k - $50k and $50k - $55k both of which are currently giving a return of 2x.
But I guess these will reduce in the next few days since we still have 5 more days left for the price prediction end.
207  Economy / Gambling discussion / Re: Stefan Mandel hits the lottery jackpot 14 times and left the commission panicks on: February 17, 2024, 01:05:50 PM
there is a thread posted about this guy, I also read on an article and posted on that thread on how he supposedly managed to win 14 times on the lottery (I am quoting the supposed step by step on how he did it below).

Here's the 6-step formula for how Mandel managed to make serious cash from the lottery

1. Calculate the total number of possible combinations. (For a lottery that requires you to pick six numbers from 1 to 40, that means 3,838,380 combinations.)

2.Find lotteries where the jackpot is three times or more the number of possible combinations.

3.Raise enough cash to pay for each combination. (Mandel rounded up 2,524 investors for his push to win the Virginia lottery.)

4.Print out millions of tickets with every combination. (This used to be legal. Now you would have to buy the tickets right from the store.)

5.Deliver the tickets to authorized lottery dealers.

6.Win the cash. And don't forget to pay your investors. (Mandel pocketed $97,000 after a $1.3 million win in 1987.)


Wow, $97000 back in 1987 was a huge amount. It's a life changing amount for many people.
One thing I didn't understand is that, doesn't the total cost of all the combinations of tickets add up to more than the winning amount in the lottery ?
Why would anyone pay for a lottery out of their pockets if the total amount collected through selling these tickets is not more than the winning amount in lottery.
208  Economy / Gambling discussion / Re: Casinos team identity on: February 17, 2024, 12:50:55 PM
The identity of a casino's team is something we rarely across in our forum even though we have like hundreds of announcement topics in this section, promoting services, gambling games and tournaments. This act typically come around professionalism and hospitality to provide a special customer service. Showing friendliness.and deep understanding of the games offered. Team members may also be a comfortable addition to players here.

Till this day I didn't see any casino revealing the identity of their team, owners, employers and responsibles of the casino even though players are required to pass a KYC process for their identity, so I'm wondering is you also thinked about this and the reasons why most casinos are not doing this process?

May be it's because we already have accounts who speak on the behalf of casino sites and assits people who are facing any issues on the site.
For example BC.GAME, Duelbits, Freebitcoin etc... all have their accounts on this forum and the dedicated ANN threads serve as a way to assist people with their issues and also showcase the offers and promotions on the sites.
So I guess there hasn't come a real need to reveal the real identity of the people since people have become more comfortable dealing with these accounts instead.
209  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 17, 2024, 12:45:50 PM
~

The BTC price has looked so bullish in the last few days, and it seems that the $50k level can be easily broken soon. So I also think that the range of $50k to $55k, as well as the range of $55k to $60k, looks tempting to place a bet even though there is still quite a lot of time before the end of the month.

Now that we have arrived in the range $50k to $55k already, the only interesting (and realistic) region that's left is "$55,001 - $60,000"
snip

Remember when I made my post, the multiplier for the "$50,001 - $55,000" range was 15.10? Well, that's not the case anymore. I think I will get something extra due to the Time Weight Multiplier if we'll end up in that range, but it won't be anything even close to 15x.

Less than a week left for BTC/ETH price prediction and the ranges as well as the odds looks promising this time.
If we place our bets both on $50k - $55k and $55k - $60k, we will be able to take a good spot hoping BTC not to fall further from here.
I will still wait a few more days to take my range and then place my bets on the last day to stay on the safer side.
210  Bitcoin / Bitcoin Discussion / Re: Be very careful and attentive when selling your bitcoins on: February 17, 2024, 12:33:07 PM
Hello everyone, I hope you are well.

I came to bring a case that happened in Brazil, an investor wanted to get rid of his bitcoins at the Novadax cryptocurrency brokerage (I've never used it, I can't recommend it, I'm just bringing the news). The fact is that he went to sell 1.7 BTC and generated a market sell order, with the lack of liquidity his orders were executed and consumed the entire order book taking the price to practically zero. He had bitcoins sold at 238 USD.

A huge loss just for not paying attention to selling at the price of the day, maybe he wanted to execute the orders quickly, or he didn't know what he was doing.

So be warned, if you are going to sell, fill out your order correctly at the price you want to sell, never use the "market" price to sell a large amount of bitcoins.
snip


Lol, that looks funny. It's completely the seller's mistake here because he didn't do his due diligence of checking the liquidity on the exchange.
What I am concerned about is, what kind of an exchange it is which doesn't even have a liquidity worth 2 BTC.
Why is the seller even using such an exchange at first place. Anyways, it depends on what portion of his coins were sold at what prices.
May be sold more than 1.5 BTC at current price and then the left over few satoshis at $238 price.
So we will have to see how much USD he got at the end of his market sell order to know how much loss he is in.
But yeah, that's a nice lesson to learn and stay away from market sell orders.
211  Bitcoin / Bitcoin Discussion / Re: You will burn on: February 17, 2024, 12:28:08 PM
Just as the title of this thread,  your investment will burn when you accumulate more shit coin than Bitcoin, most of us newbie think that since shit coin gives higher return, they actually don't know that investing in shit coin instead of Bitcoin is suicidal.

Let's take a look at the market today, Bitcoin is trading at $41800-42500, but almost all the shit coin as the name implies have fall drastically from grace. They don't know  that altcoin fall more than they rise, and most times it will totally refuse to return back to the price you actually bought it, and you will be forced to sell at a loss.

Think of those guys that have DCA into Bitcoin for years, how profitable they would have been now.
In other not to get burned, start DCA into Bitcoin now and seat by and prepare for harvest during the bull run.

Bitcoin is not that safe too. Bitcoin is risky as well but altcoins are more riskier than bitcoin.
We have seen time and time again that bitcoin recovers from the dump and comes back stronger.
On the other hand, many of the altcoins from last 3-4 years cannot be seen even in the top 100 coins' list.
There are many altcoins whose developers have just left the coin as it is and enjoying the profits they made.
212  Bitcoin / Bitcoin Discussion / Re: Knowing when to own your bitcoin on: February 16, 2024, 04:21:36 PM
My joy of buying bitcoin at the right time when bought my first Bitcoin has been excessive in this period that Bitcoin price have risen continuously.

My story
As a newbie and first-time investor and holder of Bitcoin, I made a decision that has led me to a stage of financial satisfaction within a short time, just by risking the right amount and at the right time.
I bought Bitcoin when the price was low at about $22,000 price and i went all in with the whole capital at my disposal,  as a newbie i was sceptical,  but also i was ready to take that risk.
Luckily for me, Bitcoin is now at 52 thousand dollars, and i feel so excited to see the number of profits that i have accumulated within the shortest time which no other investment can give such profits in such a time frame, so I am glad.



If you are saying the truth then you should be happy that your investment has given you good returns.
Although I am not sure how much bitcoin you had bought but it's good to know that you have got 2x returns.
I hope you hold it well and you have an exit strategy planned so that you can enjoy your profits.
213  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 16, 2024, 03:54:53 PM
Just won the high reward back to back but unfortunately I won lotteries instead of BTC or RP.
I know that even lottery can be lucky but only in case I win something out of it.
Good to see that I got the high rewards not once but twice.


Congratulations. Well, at least you are going to have some extra chances on the next lottery draw by winning the maximum prize twice in WoF. It's not the ideal for us who prefer hitting the RP and Satoshis prizes, since we know how hard it is to be lucky enough to win the lottery with so much competition around, but I would say it's better than nothing... Good luck, I hope these tickets can bring you a nice prize on the next draw!



FUN keeps falling... 11 satoshis already and -5.53% on the last 30 days. Cry

Too bad it's not following Bitcoin's rhythm to the moon.

It will. Currently it's bitcoin's turn to rise and then altcoins will follow the lead. So FUN token holders will have to wait for the time being.
Right now the price is very low. We can only hope that the price increases in near future but until then lets stay positive.
214  Economy / Gambling discussion / Re: How my gambling life started. on: February 16, 2024, 03:41:14 PM
In years past before the casino and other online gambling bet platforms was discovered and brought to our knowledge, I and some family relatives used to play the card games but on the sequence some of us were becoming unserious in the game that it wasn't competitive so, we decided to have stakes with little amount of cents of $ which we could afford to loose just to buckle and cheers everyone up.
Time goes where we increases the stakes to make us more serious to the extend we began to bet about $1 which we can afford to loose at other expenditures but it seems unbearable loosing it on the caused of betting.
On a serious note, we saw this as a mere bet of competitions and not as gambling. As we advances, we saw it as a domestic gambling and not as the wild gambling that could cause one emotional outbreaks.

Time goes that it becomes unusual that we began to feel offenced and rebelled that we as relatives(1 family) are extorting from each other without empathy for one another and then, we unconciously grew wild developing in sentiments, greeds and taking it as an avenue to make profits.
Alongside, it was more of serious business than the just fun.

Then the casino and other online bet platforms was introduced in time. This was how I was exposed and my begining of gambling life!

Nothing new in it because most of the gamblers have learnt it from their surroundings whether it be friends or family.
There is always an external influence through which we get influenced to gamble.
In most cases, it's the elders around us. I have seen my elders gamble but didn't get influenced until one day I tried a lottery.
It got me attracted to it to try my luck again and again and then that's how I got into gambling.
215  Economy / Gambling discussion / Re: Difference between afford to lose and can't afford to lose. on: February 15, 2024, 03:42:43 PM
When you are depending on someone for assistance because you want to gamble it means that you are risking what you can not afford to lose. Why because you don't have the money to gamble but someone have to give it to you before you can stake.
But when you have jobs that pays you money so well and you are gambling it means you are risking what you can afford to lose. Why because ones you lose your job will give you another money.

However, many people would say even if you have jobs but you are staking higher it also means you are gambling with what you can not afford to lose. Moreover it's true and I have to dauth but I have a feeling that ones someone that have a good paying job is staking more than what he can afford to lose, there is no different between addiction there.

You are portraying it in a wrong way. Even I am taking a loan but I have the capability to pay it back easily then I can still afford to lose that money.
So taking loan does not directly mean that we cannot afford to lose it. Sometimes we don't the money handy and we do take up micro loans for processing the transaction.
The whole concept about affording to lose relies on one's capability to continue living a normal life while losing the money.
If the amount you lose create hiccups in your life then you cannot afford to lose that money.
216  Economy / Gambling discussion / Re: Why in some religion gambling is forbidden? on: February 15, 2024, 03:38:20 PM
When we talk about religion we cannot dine the forbidden things like alcohol, prostitution and many other things in this topic we will discuss why do gambling is forbidden (Haram, interdit) .
So can you tell me why is it forbidden in your religion?
And for the non religious persons what you think ?

I personally think religion shouldn't be discussed when we are talking about gambling.
It can lead to serious debates eventually leading to nothing.
As for being forbidden, every religion has their own beliefs and which the people follow.
Gambling is haram for muslims because they cannot keep something that is not earned through their hardwork.
That is why it is forbidden in their religion. It's not forbidden in my religion though.
217  Economy / Gambling / Re: What would you like to ask a crypto casino owner? on: February 15, 2024, 03:09:17 PM
Hi everyone!

I have arranged an interview with the owner of a crypto casino (I will not disclose the brand name yet).

I think the interview will be more interesting if I add questions that other gamblers are interested in to my questions.

So, if you would like to ask anything, drop your questions here.

That's interesting. If I were in your shoes then I literally ask everything about the journey to the casino owner.
Like how did the idea of creating a crypto casino struck in his mind and then how did he implement it.
What were the struggles he faced during the implementation and then how did he progress over time and the experience throughout the journey.
Do post the interview review here so that we can get to know the journey if not the brand name.
218  Economy / Gambling / Re: FreeBitco.in-$200 FreeBTC⭐Win Lambo🔥0.2BTC DailyJackpot🏆$32,500 Wager Contest on: February 15, 2024, 03:04:56 PM
Just won the high reward back to back but unfortunately I won lotteries instead of BTC or RP.
I know that even lottery can be lucky but only in case I win something out of it.
Good to see that I got the high rewards not once but twice.

219  Bitcoin / Bitcoin Discussion / Re: STOP telling people how much Bitcoin you have on: February 14, 2024, 03:19:34 PM
I just wanted to share a piece of advice that I learned early on from Andreas Antonopoulos (if you don't know whom this is, I highly recommend looking up his YouTube page and watching his videos and or reading his book Mastering Bitcoin) never tell anyone how much bitcoin you have.  Andreas use to say it's not our job to teach everyone we know about bitcoin, letting them know we own some "Let that be my job" he would say.

I see so many people that come around here sharing how much bitcoin they own...don't.  Just like any of your finances such as your portfolio or how much your annual salary is..it's no one's business but your own.  Being transparent about these things can be harmful to you in a multitude of ways.  As an advisor this is something I tell my clients all the time.  Your financial info is private and should always remain that way.  I hate these new social media trends where people walk up to strangers on the street and ask things like "how much do you pay in rent" or "how much money do you make a year"...ignore them!

I see where is that coming from. Even I have seen those reels where people walk to strangers in luxury cars or big houses and ask them what they do for a living.
Some people even answered crypto. Speaking about your finances in public can be really dangerous.
It is a basic rule which everyone should be aware of. If people are still speaking about it publicly despite knowing this fact then let them be prey to fraudsters.
220  Bitcoin / Bitcoin Discussion / Re: What about the lost BTC? on: February 14, 2024, 03:14:11 PM
I was reading about some cases of people who had many BTC at a time when it has low or no value at all, and didn't care about it, so they eventually lost their security phrases, or hard wallets and now it is lost probably forever.

I've read that the amount that is considered lost can be up to 5 million BTC. That is about 1/4 of the total amount available.

Knowing that BTC has a limit, and we're getting there soon, isn't it possible to have some compensation for those lost BTC?

Something like adding more BTC in an equivalent amount for those lost BTC, or something similar.

Would it be positive for the currency or could bring some caos?



That's the beauty of bitcoin. If you lose it, you lose it forever.
That's how people will take it seriously otherwise nobody would care to keep their private keys safe and there would be lot's of hacking incidents with bitcoin private keys.
But the way bitcoin is designed makes it nearly impossible to modify the supply or the algorithm.
That's how you become the "Owner" of your coins.
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