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I have used freebitco.in several times and I can say that's its not a cheat but what makes its so it because the chances of losing is higher while the chances of winning is lower based on the house edge that the site parades and its not hidden. If you want to play dice, use another platform with lower house edge and that is the only deciding factors that shows how people win more on site A than the other site. (For those following it strictly though).
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I can't understand one thing here.
Gambling websites usually promote their sites as best web to visit for gambling and winning. They tell you: Come here and win big but also at the same time they offer investment option and here they say again - invest and profit much. Website profits when users lose money so..
This also at the same time means: Players lose much here, so invest in our bankroll to get huge profit with us.
Can't understand of those casinos..
It sound contradictory but its the truth. The message is not for one category of people and what they try to do is to meet those categories objective for coming to their site. Just like a business which have several stakeholders, they all have different expectations of the business and the business must strive to create a balance in meeting all of those needs without being seen as favoring a party over the other. For an investor, your joy is when people lose on the gambling site which would turn out to be income for you while to a gambler, you want to win by all cost to then create a balance and have a fair playing ground for both parties involved that is why there is clamour for a gambling site to be provably fair so that all stakeholders who win or lose would be satisfied that its done fairly. |
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- Where do you win high amount of bitcoin in straight betting or in parlay?
- Do you believe in hunch in terms of betting or still believe in prediction of the analyst?
- Do you experience a sweet victory in parlay? How many team or sports you try to mixed?
- Are you believe in lucky in terms of sports betting or you believe to the ability of the players?
As of now I was not yet win in any sportsbetting I do, do you have any strategies on how I know whose the teams/player were win in the game?
With all of my experiences in sports betting the sum total of everything is a loss in terms of value even though I had more wins than losses when its about the count of games played. I mostly rely on odds made available by the betting sites as that is mostly reflecting the general feel of independent minds predicting the game unlike people who are blinded by their loyalty to a particular team playing and would go against all form common sense to show that they are loyal. When you win, there is always a smile and I have experienced that one time where the winning with a ridiculous odd happened in the extra time part of the game and I always limit my team combinations to say three matches which would be those I am fairly familiar with their strength against each other. Luck is being overrated in sport gambling from my own analysis as what you win is based on chance decided by someone you might likely not meet in your life time and in some cases, the outcome of the game would have been decided even before the beginning of the match. |
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I used Changelly.com the other day for the first time and it was excellent. It has a better exchange rates than Shapeshift.io and I did not like the Shapeshift reviews
Maybe the days of exchanges are numbered now that instant exchange is available rather than buy/sell walls on exchanges
Do you think exchanges might become irrelavant in the coming years? The only advantage they seem to have is that investors can send their crypto to their addresses instead of having multiple wallets on their own desktop. With Changelly and Shapeshift growing they are causing problems for exchanges and provide greater anonymity too with no AML/KYC required
Exchange sites would continue to remain relevant in the scheme of things as it relates to crypto based on the following reasons that I can think of now: 1. There would always be need for market place where the price is determined by the forces of demand and supply, by the people in the market as against the other option you mentioned. On exchange sites, I can set a target then go to sleep, the next morning if the forces tends towards that direction, I make money while sleeping otherwise I wait. Also, it accommodates the services Changelly are doing because you can sell instantly on exchange sites as well. Just use the current market price and see your orders filled. 2. On the issue of KYCs while this is an advantage that Changelly and co has, it won't last long because whether we like it or not, regulation is coming and those promoting its ineffectiveness would be doing more harm to the market. Its as well better to start getting accustomed with it now. Another issue is volatility that Changelly must have whether the coin is being traded at the moment or not which is more risky for them 3. The fees is another killing thing I have used Shapeshifts, and I blame myself from the below market price they quote, down to the fees they charge for their own service and the payment of network fees, exchange sites are way better. |
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Noone Care about India, India in Crypto world in no more than a Joke.
That's because exchanges were banned in India in December. No exchanges = no crypto trading. Now, 4 months later, their bank is saying it's not going to deal with crypto companies and nothing happens. Surprise, surprise. You Idiots banned major crypto businesses months ago, so no crypto businesses are using your bank accounts anyway.  It's also important to mention that there was no crypto ban in India! You can have cryptos, you can exchange them for other cryptos and you can exchange them for goods and for cash. I would be more disturbed if the news of ban is coming from either the United States or maybe Japan and other countries high population representation in the crypto world. Of all the countries in the world, India influence is mentioned when it comes to population which is a great asset any country could have but crypto, technological advancement aside from mandating banks from offering services to crypto related businesses, I doubt if any effort can be made to ensure compliance to this. Its just a proclamation to send a message without being ready to force compliance. |
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What else would they have said? They know any action on their part might even give the push that crypto currency is needing and a negative word or stand against crypto won't stand considering that their resolution is only going to be on an advisory level if the whole countries making up the group are not allowed to come with their own individual recommendation on how to go about crypto.
Again, they might also feel the value of funds involved is not huge enough to have command their attention and committing resources would be chasing less with more money and human capital whose outcome won't be favorable and the best action is to continue to observe.
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I would contribute on what legal tender is. Because as at today, not all things we use as a medium of exchange is a legal tender but the use of it does not make it illegal. People use post cards, people buy and sell recharge cards, they use same to settle debts, I can use my property as collateral, we have exchange goods for another goods but that does not make it a legal tender despite it being used as a medium of exchange.
Money itself being recognised as legal tender does not serve a one purpose as medium of exchange rather its just a bucket out of the pool on the purposes it can serve. The same goes for bitcoin and even countries that have not come up with regulations bitcoin has been serving several purposes and those that have come with regulations won't because of that makes it legal tender. The term legal tender goes deeper than a paper, coins, regulations but the identity that have come to define the existence of the jurisdiction and that is something nothing can compete with.
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In as much as I appreciate your sincerity but I think you should be taking a more aggressive approach if you have positioned yourself to be ready for it. Although, I am yet to see that because as a prospective bounty manager, if you are not limiting your options to local boards, then your command of English should be solid which is not convincing enough based on what you wrote. When you have settled that, take initiative rather than asking, create ANN Thread, move on to assisting with bounty calculations, spreadsheet update, tweets counting, focus on projects coming out fresh, sell yourself to developers and be dedicated to it. Put all of this together, you might get the chance to your dream contribution to the forum. |
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According to https://t.me/oneminute_crypto_news which translated the source from Sina, a Chinese media website, that in a conference held by Chinese official web media, People's Web, a famous scholar Dong Yang released that Chinese SEC is conducting the legal research to legalize the ICO and the ICO will become a legit tool of crowdfunding soon. I agreed that Dong Yang is not a high-level official and he is a professor at Renmin University who is active in the crypto space. I think the focus of the news should be: 1. The Chinese SEC is revisiting the crowdfunding tool; 2. The so-call legit ICO may actually become a tool with heavy regulation in the cryptocurrency space. So, please wait and see. The "soon" is something that have been paraded in the crypto space since last year and till today the "soon" has not happened. It is then safe to say that anything not from official source without a date attached to it is merely speculation. When Google's ban on crypto ad related contents was reported, a date was attached with reliable source this singular act made the reaction to the market price a genuine one which means when the ban takes effect it would be less harmful as against how it will be regarded as FUD if those two components are not there. Whether they allow ICOs or not, its based on their own evaluation and there is no need for someone to rely on such information to change holding situation because of something that might or might not happen. |
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Blockchain is the biggest buzzword of the year. However, we are just now beginning to see what silly creative ways will this technology be applied. The newest example from China is a blockchain-based toothbrush by 32Teeth, currently crowdfunding the project through the JD Finance platform. The company aims to make your teeth really clean by applying not only blockchain technology, but also facial recognition, sensors, and big data. The toothbrush app offers precise identification of 16 tooth surface cleanliness levels, analyzes users’ brushing activity data, and offers a powerful intelligent reminder. It even has AR function which gives you an inside look (literally) into how you brush your teeth.
The toothbrush also tries to make each of your 32 teeth—the average number of teeth in an adult—a cryptocurrency mine. Brushing your teeth regularly rewards you with AYA tokens which can be exchanged for more toothbrushes, toothpaste, and dental hygiene services. Although some have ridiculed the product—one commentator worried that his mother might give it to the dog to chew so she can mine as much free stuff as possible—many consumers seem excited with the idea.
As ridiculous as this sound, I won't totally write it off as a form of respect to the amount of energy and thought that would have been put into this before coming out with this project. But that does not stop the project from being criticised because I can really see the practicability of this happening. People spread across the world using tooth brush then turn to coins for them somewhere across the world registered on a software? This has gone beyond the filling of details online which could be forged or faked but this, is locating you and know where you are at any point in time you obey the call of nature to brush your teeth. I will pass on this. |
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Under current regulations or what they call 'fatwa', even though bitcoin is considered the currency of the future and part of technological development, bitcoin cannot be separated from one of the elements that can make it forbidden to use. The element is uncertainty. Bitcoin is considered to have this element because the price is so volatile that people like gambling when buying and selling bitcoins, and gambling was forbidden for muslims. how do you think about this?
Completely comparing bitcoin to gambling is an outright restriction to the use of bitcoin and also insulting the intelligence of those who feels that bitcoin is the currency of the future. Also, if you are going to rely on that, I have not seen a Christian leader by default or by virtue of interpretation of the Holy Book exhort the art of gambling and by so, you should say bitcoin should not be used at all and the same goes for other religions on the world. Its simple, most times the terms used by the Holy Books are mostly subjected to interpretation based on the different ways we see life which is even influenced by our culture, parents, society, friends and colleagues which means even though we practiced the same religion, we have different tolerance levels for certain things. In short what you use bitcoin for would determine whether its acceptable in your religion or not. |
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Looks like we're on our way to hell for now at least. There probably won't be a legit bull run for a decent length of time now. When the next one comes it will dwarf the one we've just witnessed just as 2013 was this time.
With this in mind do you reckon that exchanges will be ready for the next one or will there even more seizures, crapping out and closures to new users?
With the way crypto explodes and then dies I really don't see how any exchange can afford to train and employ enough people to be ready for something that may be months or years away. If volumes are pitiful then there aren't enough earnings to prepare and employ them in wait.
Bigger companies such as Circle are coming on board, but Circle themselves dropped BTC retail when interest died off.
So will they do it right or will we get more of the same?
Exchange owners at this time are expected to be experienced in the way the business in the crypto world runs and most times they are not ruled by the activities of the moment because they know its something that won't last long. In every business there are peak periods and off-peak periods but when it comes to crypto its just too uncertain and any business owner who makes enormous decision based on waves of the moment will have himself to blame. The exchange sites that came when there was so much activities will have difficulties at this time but not those who have stand the test of time as they have witnessed both the good times, not so good times and the bad times and that is why when there are several issues concerning customer support of exchange sites, they don't just go overboard to start employing rather they make use of their resources to the maximum because they know it won't last long. |
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To say holding bitcoin is illegal is same way to say everyone who owns gun in the US is doing so illegally but that is not it. In the contest of the law, it's what its being used for that makes it illegal or legal. It is then safe to say that the end use of bitcoin just like any form of currency would decide whether its legal or illegal. For someone who hold bitcoin and donate to charity, that wouldn't be a crime at all but based on the article that emphasis is laid only on the negative sides of holding bitcoin, we can conclude that its purely illegal and anyone caught should be made to face the full force of the law. |
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Checking out the website, I see simplicity and straight forward process which shows the amount of time and effort that have been put into making it as such. But my question is that, we all know that when it comes to crypto currency, it cuts across countries and these countries have their own individual tax laws. Some countries that have made their position on crypto currency known have decided to regard it as Capital Gains Tax while some others have made it to be subjected to both Value Added Tax and Capital Gains Tax in which percentage to pay differs on the basis of country involved. My question is on the website, I can't find any where that says the computation you are seeing is for Country A or a place where you can select your country before going on with the calculations only to finish then realize that its not applicable. With that put in place I am sure that a new value has been added to crypto community.
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Simple Wholesale Business Model Example:
Retailer A purchases $1 Mio worth goods from Wholesaler B. Retailer A sells goods to customers and makes a profit. If retailer A was to purchase $10 Mio (10x) worth of goods, Wholesaler B would give 10% discount to Retailer A. So Retailer A conducts crowdfunding and raises $10 Mio from Investors and purchases inventory from Wholesaler B at 10% discount. Retailer A sells goods, receives higher profit margin and therefore is able to provide dividends to investors .
Question:
Is it ok to build a business model around wholesale discount price obtained through crowdfunding? ...or what do you think
Since nothing is mentioned about coins or ICOs, I would assume that its not related to that. Crowdfunding if looked very well is something that have been with us for a while. Group of people coming together to buy goods at a discounted price that they would otherwise bought higher if they had done it individually, or investors coming together to finance a project then wait for dividend to be shared. However, if you are going for the dividend part, its more difficult than it sounds depending on the amount involved, people involved, the business to venture into, other administrative cost, and the regulation of that jurisdiction all of the factors pit together affects businesses to the extent that in the first five years, it might not even turn out profit talkless of dividend. The summary of it is that, its a good business line but you need to consider all of the factors before asking for people to contribute for financing. |
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As the title says that if you want to increase the price of bitcoin then promote it everywhere around you. As if you will promote it and will discuss about bitcoin with your friends and family and your other relatives then they will also invest their money in bitcoin and the name of bitcoin may reach to a group of people who will have a high amount to invest in bitcoin which will increase the demand of it than its supply.
I am saying it because a few days ago I heard from a person that he discussed about bitcoin with a friend and after that his friend felt interest in that coin and he said that he has a total of $60000 income per day from his business and when he will fully learn about bitcoin then he will invest all of them in bitcoin each day instead of depositing them in his bank account. If people like that will get awareness about bitcoin then once again the price will start to rise.
I did this at some point but it seems people around me are too greedy that they are only concerned about winning and making money without considering the option of them losing at all. What they asked in common is " if I should invest x amount of money, how much will I get back?" The moment I can't offer such assurances, they bolt which is win-win as the market can do well with the people already involved while I can sleep in peace without being bothered about what explanation I would give in situations like this. Without mincing words, the push needed for price to increase is new set of people coming on board because every other strategy is lame. ICO is not making the necessary push, crypto related ads are banned, fork coins have been turned to jokes which could give a boost and news from most corners are not encouraging. We should not just get tired for the good of the market. |
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Reading this is actually right to a large extent the problem started when the entire focus was put on the speculative side of crypto currency rather than the potential that the blockchain offers. A whole lot of stakeholders have their own share of the blame but the most important is the media that focus more on how price had increased which further attracted the vultures and noises. Its actually not over yet, in as much as we cannot separate the human default nature to make money, we should focus on the long run which is the best option for now since the market is not rosy at the moment, all attention can be shifted to having a solid base in preparation for the good moments to come.  Let's face the bitter truth of Cryptocurrency. A little idealistic and a technological point of view. In 2017, coin prices have risen to incredible levels, so crypto currencies have received much attention. However, instead of technological enthusiasm like the dreams of the blokchain engineers, classic commodity investors rushed to the market. As a result, the waves of HODLERS singing began to happen. Because it is the environment where a lot of people who want to profit from instant changes instead of long-term investment and waiting are gathering crypto money. There were martyrs in this square battle, the gazelles and the heroes. It seems that perhaps we will have a technological revolution in the near future and we will face a different internet / finance / copyright / information storage / luck game / artificial intelligence / payment experience in our daily life. cryptopole units; the processing speed will be more practical and safer than traditional currencies due to the technological strength. Blockchain technology consists of stacks and intelligent contracts that facilitate information transfer. The main advantage is that these masses are not centralized and open to read / write access to all users. Since all information is cryptographically encrypted, Blockchain will be safer and faster than any other systems we have previously. If you continue to develop and the number of engineers working on this order continues to increase. Despite the fact that today many valuable information and technologies are monopolized by global giants, Blockchain is practically applicable to almost all sectors. Make sure these global actors are a great risk and this risk continues to grow over time. A question arises right now in the mind: "Well, well these monopolizing sectors will take over these guys, will not they be the new monopoly?" The difference is that these guys are all developing their open source code. Everyone who buys, uses, develops, adapts ... At the end of my writing, I would like to mention the legendary tweety that I added to the screen image in the title. Cardano's founder, Charles, gives a very nice answer to the investor who wants to make a profit in a very short time: "I'm not here to make traders rich. I'm here to change the world." Legend Tweet's Original Link: https://twitter.com/IOHK_Charles/status/959076402912927744?s=20 |
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That's nice. They're presuming fans & teams are actually gonna turn up..... Bring your gasmask & chemical suit. As funny as this sound, its a call for concern as well with Iceland already pulling out from the tournament and several countries aligning with British position with the expulsion of Russian diplomats from their respective countries, its surely something to consider with all of the other factors working against Russia this time (racism being a key factor). But a whole lot of interest have been put into this with huge funds by multinationals looking to reap a higher returns from all the money they have spent. Football Fans will be able to pay with bitcoin for their accommodation when they visit Russia for this year’s World Cup. Hotels in Kaliningrad, expecting guests from eight countries, are partnering with a local payment provider to offer the service. Booking a room for the day when England plays Belgium will cost approx. $300 in fiat. Kaliningrad Hotels Team Up with Free-KassaKaliningrad, the capital of Russia’s westernmost region, is one of the host cities for the 2018 FIFA World Cup. The mundial is scheduled to take place in the Russian Federation from June 14 to July 15. The city is expecting teams and supporters from Spain, Belgium, Serbia, England, Switzerland, Croatia, Morocco and Nigeria. Hotel owners in the Russian exclave have decided to offer their guests the opportunity to pay for their stay in bitcoin. According to local media, a hotel chain has already teamed up with a payment processor to provide the service. Anna Subbotina, manager of Apartments Malina, commented: "We are seeing increasing interest in cryptocurrencies. They will gradually come into use as a means of payment."To read more: https://news.bitcoin.com/russian-hotels-to-surprise-world-cup-fans-with-bitcoin-payments/I actually don't see this as a surprise at all because a lot of people already know about bitcoin and I don't see officials and individuals who would be under strict security checks going to get bitcoin mainly because of Russia 2018 while those who have some might be required to disclose how much of it they have even before being granted the Visa. |
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Two Turkish imams have been fired for possessing bitcoin investments, according to local media reports. Turkey’s religious authorities determined that bitcoin is “not compatible with Islam” in November 2017. Two Imams Fired for Owning Bitcoin
It has been reported that two religious officials in Zonguldak, Turkey, have been removed from office by Turkey’s Presidency of Religious Affairs. Mecit K, who held a position at a mosque in Zonguldak’s city center, and Satilimis B, who worked in a surrounding village, were removed following an investigation by the Presidency of Religious Affairs into allegations that both men were investing in bitcoin. Both men have appealed the determinations. According to a rough translation, Mecit C has pled only to have made investments into “blockchain,” stating “I do not have a close relationship with Bitcoin, I have not invested a penny, I do not have a connection […] I have an investment in ‘Blockchain’, but I have never invested in Bitcoin, it is a legitimate investment.” Mecit also indicated that this was not the first investigation of its kind into his investments, adding “In 2016, an investigation was launched on the grounds that necessary jurisdictions had been opened and then the case was closed, and an investigation was launched again in 2017. Justice will make its decision.” By contrast, Satilimis pled total innocence, claiming not to “even know what bitcoin is.” Satilimis’ statements appear to claim that his wife’s jewelry business had recently been the victim of some sort of scam. Satilimis stated that his “wife went to this place by selling the jewelry items, under the influence of the father-in-law and getting the rental income from this company but this company went down without getting any rental income. I am also the victim here. they gave me the air of directing my friends to this company, but my friends who entered this company without being under the influence of anyone in the investigation declare them. I was dismissed from such a calumny. It is a pity that the Religious Council has come to this point.” Read more: https://news.bitcoin.com/two-turkish-imams-fired-allegedly-investing-bitcoin/I just found it hard to believe how people would hide under religious inclinations to decide what their future holds. The believe the Holy Books written centuries ago would have been made to accommodate the happenings of today is something that defies common sense. What I see as their stand against bitcoin is utterly selective judgement based on recent happening and I wouldn't be surprised if they later change that and still relies in the teachings of the Holy Book. Saudi Arabia a country governed exclusively through religious teachings and ordinations stops women from driving for centuries but now allows it. Do we say the Holy Book has change or a new chapter has been added to accommodate recent events of course no. Its forbidden for now but the same people who interpreted it to mean forbidden when time changes would again interpret it to flourish under certain conditions and you would still agree with them. |
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Is it legal yet to replace intl. wire transfers with crypto transfers as part of business and how would you record that in the books?
So far to the best of my knowledge, any corporate organisation moving money out through the use of crypto would be doing so in an illegal way because there is no way government will give such a clean bill to move. They need to ensure that money laundering is not involved and the amount of paper works that would be involved might frustrate the entire process. On recording it in the books, even without the issue of crypto and international transfer, a whole lot of companies prepare two set of financial statements comprising of one that shows the true state of the company while the other that shows the position they actually wanted it to show. As an accountant, recording into the books, you do it two ways, its either you just ignore the transaction assuming it never existed or record it and give it a new nomenclature that might shows as payment for some allowable expenses. |
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