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Board Services
Re: [1xBit.com] - Christmas SPECIAL- Signature Campaign [FULL]
by
cafucafucafu
on 12/01/2022, 22:08:59 UTC
Hopefully 1xBit fixes this up for everyone, it's a shame that Limlims exit scammed but this is on 1xBit to select a competent manager.

Agreed with @VanityWallets2015 as well - ending the campaign in the middle of the 4th week when some people have made posts is unfair.
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Topic
Board Altcoin Discussion
Re: Newbie - Bear & Bull market?
by
cafucafucafu
on 09/01/2022, 22:13:44 UTC
Welcome to the space.

I'd say that we are comfortably in a bear market right now and the truth is that no one knows exactly how large the drawdown will be.

Our best guess is probably 60-70% for most coins, but some coins can obviously outperform depending on their fundamentals. I would strongly suggest that if you are looking to invest in ETH (which is a very good idea at this stage), you should probably look into Dollar Cost Averaging instead of trying to time the bottom.
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Topic
Board Speculation (Altcoins)
Re: Time to buy some low cap coins
by
cafucafucafu
on 09/01/2022, 22:04:05 UTC
Quote from: kumar009854 on July 18, 2021, 02:49:03 PM
one of the best low market cap coins 2021

1. Matic Network (MATIC)
2. Zilliqa (ZIL)
3. Blockstack (STX)
4. SiaCoin (SIA)
5. Docademic (MTC)
6. SelfKey (KEY)
7. Basic Attention Token (BAT)
8. Linda

Out of these picks, I would just focus on MATIC and BAT.

Siacoin has been around for quite a while now and has not made any substantial noise in any sector of the industry, so I would abandon that project.

BAT is really interesting because its distribution is very fair compared to other models, and they are developing the future of Web3.0 with their own proprietary browser. Certainly could reach a lot of mainstream adoption, although the token is definitely inflationary.
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Topic
Board Speculation (Altcoins)
Re: Is ethereum still a viable alternative to Bitcoin?
by
cafucafucafu
on 09/01/2022, 21:40:11 UTC
Will ETH ever surpass BTC's market cap? I personally do not think so.

However, it is undeniably more useful compared to bitcoin in the sense that it supports smart contracts and whatnot, but that doesn't necessarily mean that it is a better currency per se.

Bitcoin is still the premier reserve currency in the crypto industry, and not a lot can be done to change that due to its first mover advantage.
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Topic
Board Speculation (Altcoins)
Re: Top 5 Metaverse Coins Mooning Amidst Bitcoin Plunge
by
cafucafucafu
on 09/01/2022, 21:03:41 UTC
This is outdated.

JEWEL has outperformed most Metaverse tokens and the entire market, really. It has peaked at $20+ but now sits at $18 or so.

I've seen a lot of people make quite a bit off that trade, but I would just rather be cautious honestly and sell off existing positions of any metaverse coins. The hype for metaverses and Web3.0 is peaking and the bear market is not going to be kind to these projects imo.
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Topic
Board Altcoin Discussion
Re: When will funds rotate into privacy/anonymity coins?
by
cafucafucafu
on 09/01/2022, 20:53:59 UTC
Quote from: JeffBrad12 on December 30, 2021, 02:35:32 PM
Quote from: cafucafucafu on December 30, 2021, 12:04:18 PM
I wonder when will people start to realize that coins like ZEC and XMR are currently undervalued?
They will never realize that as zcash and XMR didn't have utility. These days people didn't care anymore about the anonymity caused by they are putting their focus into the tokens and coins that fully utilized and it can give them all so many benefits. ZEC and XRM were outdated coins and people didn't wanna use these kind of coins anymore.
These coins give them all nothing.



Quote from: cafucafucafu on December 30, 2021, 12:04:18 PM
When people can see the rich list addresses transparently and/or you need millions of dollars to be a validator (which puts you in the public limelight), I do wonder if the smart money and whales will start flocking into these more privacy centric chains after the current run is over.
It will not happen. They will prefer to cash out their money to be used to buy the dip rather than moving their portfolios to the privacy coin and why? even when they are only keeping their money into the some altcoins and they can also earn passive income from there and that's very different when they are only putting their money into the privacy coin. what advantages that will be given by privacy coins for them all.


Quote from: cafucafucafu on December 30, 2021, 12:04:18 PM
Any thoughts would be appreciated!
The time for privacy coin is coming to its end.

I strongly disagree with this sentiment.

Privacy coins arguably offer a lot more utility compared to a lot of L1s right now which just have forks of DeFi applications running on them with minimal actual innovation.

With regulatory crackdowns I personally think that it's inevitable that big whales start moving in privacy coins, especially since they do not want to be tracked by the prying eyes of many.
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Topic
Board Economics
Re: LEGO Sets Are Better Investments than Stocks, Bonds or Even Gold
by
cafucafucafu
on 08/01/2022, 21:02:34 UTC
Alternative investments have vastly outperformed a lot of asset classes.

Of course, there are risks involved but I actually think that risk-adjusted returns wise they can actually continue to return more than market indices over the long run.

However, the catch is that you need to make sure you understand how it works first before putting money in. It's not as simple as buying an ETF.

Also, don't put money into securitized versions of these alternative investments (e.g. fractional art, that just doesn't make any sense to me).
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Topic
Board Economics
Re: No where is actually safe
by
cafucafucafu
on 08/01/2022, 20:49:10 UTC
I'd actually argue that crypto/bitcoin is actually quite safe for the long run.

Given the tokenomics of bitcoin, it is disinflationary and have a capped supply. So long as there is no massive failure to the network it's hard to see how its value will underperform fiat over the long run.

But diversification is certainly key especially if you are looking at risky assets like crypto. Diversify both within asset classes and across asset classes. Even if you are the most ardent crypto holder, you should diversify in fiat assets like stocks to cover your back.
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Topic
Board Speculation
Re: Bitcoin Fear Index at 10
by
cafucafucafu
on 08/01/2022, 20:32:18 UTC
It's funny how people are panicking right now, and these are the same people who were FOMOing hard at the top.

At the end of the day the bull market was always going to be unsustainable, and everyone should have known that. There was no way that BTC was going to grow at 300% APY no matter how much people try to convince you otherwise.

People lost a lot of rationality during this bull market due to the Fed's easy monetary policy and QE. Now that is reversing, overleveraged traders will be in for a rude shock, as well as retail investors who only know low interest rate environments as the norm.
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Topic
Board Speculation
Re: Will Bitcoin Price Enter the $30k Area?
by
cafucafucafu
on 08/01/2022, 20:09:36 UTC
I think it's quite likely.

The bearish sentiment is quite strong given that we could not break $50k resistance for quite a few months now.

Right now the price of BTC is just edging towards that $40k level. I personally don't see it bouncing off the support of $40k because there were massive liquidations and most longs are already gone. Traders and investors really went to bullish too soon with insane amounts of leverage this time, and they're paying the price now.
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Topic
Board Gambling discussion
Re: What will be the next big industry move?
by
cafucafucafu
on 08/01/2022, 19:58:41 UTC
Quote from: Lucasgabd on Today at 02:08:00 PM
Quote from: iv4n on January 07, 2022, 05:07:21 PM
Quote from: Lucasgabd on January 07, 2022, 02:48:16 PM
<...>

I believe we all agree with the future of the gambling industry, it will grow more, and I agree especially online gambling... simply more and more people are connected, new generations are all about internet things! But what will be the next big move or the new game is something that is interesting to think about! I know I would like to see more PvP games... anyone remembers the Dragons Tale gambling game? I think something similar, of course with better graphics and more games would be awesome!

yes, it'll grow a lot

for games it's much harder to predict because the industry changes so fast
but I think the trend of play and earn will keep growing too and web 3.0 will be much more present for games
we'll see

I'm personally a very firm believer in Web3.0 and its ability to disrupt the casino industry.

I think that key players will either have to adapt to this new format of decentralized, immersive gaming, or face elimination from new competition.

We're already seeing live casino games take over from the traditional dice or blackjack games. But right now they are hosted by centralized third parties which make it impossible to ensure fairness apart from trusting the regulators - and using Web3.0 technologies we can both have great immersion and fairness.
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Topic
Board Altcoin Discussion
Re: staking is a type of mining?
by
cafucafucafu
on 07/01/2022, 23:22:55 UTC
Quote from: FelipeLeandro on Today at 01:23:42 AM
a crypto being on a stake it means that this crypto is mining others?

In a sense, yes.

You are securing the network by contributing to transaction validation, and the consensus mechanism is based off people showing that they have an active stake in the network as opposed to they are expending significant energy.

So it's really the same concept but in a different form. Staking is NOT yield farming or interest generation per se, which is what some people seem to be confused about.
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Topic
Board Altcoin Discussion
Re: Ripple makes a $1 price bull set for 2022
by
cafucafucafu
on 07/01/2022, 22:25:17 UTC
Quote from: xperiance1814 on December 27, 2021, 08:51:53 AM
I still strongly believe Ripple will go back close to its ATH and (hopefully) surpass it... As I'm waiting since 2018... I bought pretty high and keep hoping it goes back there to sell it...

But for this, it has to win against SEC, then many investors will come back and trust it. Which is actually going on the side of Ripple.

Their team is very active and continuing to work with banks and finding partnerships.



There seems to be a lot of things that need to go right for XRP just for your price target of +25% of the current price to come true.

To me, this is not a good trade at all. There is not a lot of upside and if the SEC pursues further charges, then there is really nothing that Ripple Labs can do anymore and the token will crash to close to zero.

Plus their whole ecosystem is just not very accessible whatsoever. 20 XRP minimum to just hold a wallet? Who's bothered to do that as a retail investor?
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Topic
Board Altcoin Discussion
Re: Selling isn't the end it's just the beginning to have more coins
by
cafucafucafu
on 07/01/2022, 21:47:34 UTC
I do think that it's a good idea to accumulate during the bear market phase.

The only way that you lock in your losses is if you realize them by selling at a lower price. If you keep your position open through the thick and thin then you are much more likely to come out on top at the end.

There are a lot of new money that flooded into the crypto ecosystem during this bull market, which really shows as people are panicking over this 20% drop over the past week. Nothing to be concerned about.
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Topic
Board Gambling discussion
Re: If you have a chance to become a VIP what casinos will those be
by
cafucafucafu
on 07/01/2022, 21:36:13 UTC
I think the consensus answer will be Stake.

They definitely have the best VIP host system right now and that is because they have so much experience dealing with highrollers being one of the first dice sites around.

Some other sites may offer a more "lucrative" package but at the end of the day the security that Stake offers is simply unparalleled and I wouldn't trade it off for a marginally better experience.
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Topic
Board Speculation (Altcoins)
Re: Speculation about biggest airdrops of 2022
by
cafucafucafu
on 07/01/2022, 21:24:04 UTC
Quote from: ryzaadit on Today at 06:54:44 PM
In the internet, some user make a list with potential "Airdrop". You can access the list in here : https://docs.google.com/spreadsheets/d/1f_9c8P28dXG5K6DXlHGeTQUww5K8Ft6GgCKYZ8scjb0/

Off course, this is only potential there is no guaranteed at all but sometimes type airdrop like this can give you a big money. I follow some of them, right now transaction "NFTs" on OpenSea is also being targeted for the Airdrop.

Thanks for this list! Seems really helpful.

Just wondering what the sources of these rumors are though? Because obviously with high gas fees you don't want to be ferrying around your funds across exchanges just to get the airdrop and paying $80 per transaction, and later on realizing that there was no airdrop to begin with.

I personally think that there is not much point in chasing these airdrops, just use DeFi and NFT trading protocols like you would normally and be happy with what you get.
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Topic
Board Speculation
Re: Will Bitcoin collapse or mature?
by
cafucafucafu
on 06/01/2022, 23:57:01 UTC
Quote from: samcrypto on December 31, 2021, 09:29:13 PM
Quote from: cafucafucafu on December 31, 2021, 01:17:33 PM
I think that it will mature.

We are already seeing a lot of traditional finance being integrated with BTC, including ETF approvals, companies accepting BTC for payments, as well as companies holding BTC on their own balance sheets as stores of value.

If this is not a sign of constant maturation, I don't know what is.
The adoption is happening, that’s a good sign of maturity and of course no one can know if this market will collapse  or it will continue to rise as expected by many. Better to look for more good and positive predictions to avoid any doubt and fear when it comes to Bitcoin and cryprtomarket. Also, its still advisable to have fiat money investment as well to ensure your liquidity if something bad happen in cryprtomarket, nothing is permanent here.

I actually disagree with the statement that no one knows.

I think that with the current trajectory of where things are, most people would agree based off of consensus that BTC and all blockchain technologies will continue to mature into the future where there will be massive governmental and institutional adoption.

The question really lies with the scale and extent of this happening - exactly how long will this take as well. Profits are not guaranteed but I think progress will be.
Post
Topic
Board Gambling discussion
Re: Big Wins of 2021 ($550,000+)
by
cafucafucafu
on 06/01/2022, 23:42:41 UTC
Congratulations on your big wins.

There is no advantage in just showing big wins though, because ultimately your ability to generate profit also depends on avoiding losses.

Your gambling volume may just be really high and you would be expected to hit these as a matter of time anyway. What strategies do you use?
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Topic
Board Gambling discussion
Re: Sport's betting experience
by
cafucafucafu
on 05/01/2022, 03:59:12 UTC
Quote from: Amuls on January 01, 2022, 04:27:12 PM
I am following English premier League and Australia A league. 80-85% matches 1st half Happen corner over 3.5 that's odds 1.32-1.40 . So anyone wants to safe betting then you can bet there. Not all matches. Select for a team like Manchester United. If Manchester United and it's partner fail to cover 3.5 corner in 1st half in a match then the next match stake high between Manchester United Vs opponent team. That's the simple tricks. This tips dose not work for 100%, so bet your own risk.

Any stats to back this claim up?

I don't think that it's a long term feasible strategy to adopt. People are going to realize that this trend exists (if it actually exists in the first place) and the odds will start to reflect that sooner or later.

Unless you have an algorithm and extensive research, I don't think that these simplistic bets work anymore to generate positive EV consistently.
Post
Topic
Board Gambling discussion
Re: Stake.com & responsible gambling?
by
cafucafucafu
on 05/01/2022, 03:39:45 UTC
Seems like that there has been multiple reports in recent months about Stake not enforcing their voluntary self-exclusion principles.

Honestly, I think that at least some blame has to be attributed to the platform themselves. It's simply not good business practice to allow these loopholes/errors within their operations to happen, especially when they know they are dealing with problem gamblers.

But at the same time, it's not completely their fault given that anyone could realistically open a new account and start afresh on the platform. So it's really a mixed bag.