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Showing 20 of 761 results by xWolfx
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Board Gambling discussion
Re: Cryptocurrency In The Gambling Industry: All You Need To Know About Bitcoin
by
xWolfx
on 14/07/2019, 16:09:58 UTC
This pretty much a sum it all about Bitcoin in different stages of industries and life.

The biggest threat to everything is precisely the security ones, breaches tend to hurt a business substantially. Both in credibility and also the funds of customers, if the board gets too greedy it will only make their businesses vulnerable to those kind of things.

About everything else, this is precisely why Bitcoin is so awesome. It can be implemented inside different types of platforms pretty easily in comparison to how a technology like this should be.

It's really interesting and fascinating that the tech industry is about solving problems/problem solving. That mindset can help develop solutions to do the same thing worldwide.
Post
Topic
Board Gambling discussion
Re: Does hard work in gambling count?
by
xWolfx
on 14/07/2019, 14:48:37 UTC
I think that it depends. Why? Because you could play a lot more but it heavily depends on luck.

Working hard and losing hard is not counting but discounting, instead winning could be amazing. In some games is different though, like for example horse racing and poker, where strategy could play a really important role in it.

So it heavily depends on games for hard work, especially researching counts.
Post
Topic
Board Gambling discussion
Re: Do you think a "winning mindset" can get you what you want while gambling?
by
xWolfx
on 14/07/2019, 14:32:33 UTC
I have tried that being positive but I did not get the results I want, you will win if you are lucky even if you are feeling positive, and even if you are feeling negative you can still win if you are the lucky guy of the day, but it always helps you to become a better person, if you are always positive.

Yes, life is like this. Being positive won't always get you the results you want, but you will have the mindset to persist to get equivalent ones.

With gambling, it comes down to luck at the end. However, some people think that there's no such thing as randomness in the universe and that everything happens for a reason.

I don't believe too much about it while gambling, reason why i tend to avoid randomness as much as possible unless i feel like there's something valuable to learn from it.
Post
Topic
Board Bitcoin Discussion
Re: Anthony Pompliano and Peter Schiff to Debate over Bitcoin and Gold
by
xWolfx
on 12/07/2019, 14:42:25 UTC
You cannot easily change Peter Schiff's mind when it comes to cryptocurrencies and his stand with gold. Knowing that the dude is a gold bug for a few decades now, I don't think no key points would ever be laid down on that debate that would convince him that bitcoin is also the real deal and not just gold. But considering the experience of these two with the two assets that they have been working on, this might just be a good debate with some interesting points to be taken.

At least now it's someone with decent knowledge. I've heard Arthur Hayes lost his debate with Nouriel Goubini really hard. I've always wished Andreas Antonopoulos would school those critics though. It would be very one sided for sure. Unfortunately he's just uninterested[1].

There must be one reason why he is uninterested and is probably the same reason why you think that he is smart enough to give classes to those critics, he must be seeing that it is a completely and huge waste of time.

The quality of one debate will normally be decided by the quality of the words of the less skilled speaker, if you argue with someone not so smart or dumb then the quality of the debate will be almost childish, if not worse.

However, if he did find a man or woman with enough culture i'm sure that he would totally do it if there is a good reason to do so. If it's another teacher it would probably be better. Otherwise, why wasting time doing it?
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Topic
Board Service Announcements
Re: The most important part of investing in bitcoin is timing.
by
xWolfx
on 12/07/2019, 14:01:01 UTC
again with the creation cost! when will you start seeing that cost of mining changes with the price not the other way around.
price goes up > mining becomes more profitable > more miners join > hashrate rises > difficulty rises > cost of mining increases
price drops > mining becomes less profitable > some miners leave > hashrate drops > difficulty readjusts (decreases) > cost of mining decreases


additionally you are not talking about "investing" you are talking about day trading here. an investor shouldn't care about these short term fluctuations. you invest long term and timing in that case is not as important specially since "investors" invest their idle money that is not in anything.

It is truth, it's pretty interesting that investing is normally seen as both when in reality it isn't because being a trader and an investor is not the same thing at all.

As the hashing rate adjusts then it will be really easy to predict the outcome of Bitcoin in the future in any given time, then you can take accurate decisions based on it, especially when we hit the cap. Right now, it isn't relevant at all.

With trading of course, there's always a luck factor involved, that factor decides the outcome of any money input you put in, it then will decide if you ultimately get profit or not, it is definitely not set in stone, that's why i don't like it. No matter how good you get it, there will be always some luck factor involved.

Life is easier, people just makes it complicated.
Post
Topic
Board Bitcoin Discussion
Re: Will Bitcoin remains the king of Crypto Market?
by
xWolfx
on 12/07/2019, 13:26:51 UTC

I don't know why it's difficult to project when we already have 10 years of history to Bitcoin, and at best 4 years for a non big alt, in this 10 years we saw adoption and use for Bitcoin rise so high. Alts struggle to get that kind of adoption unless they're old or they're so big and can spend a lot of money in marketing.

Long term for sure Bitcoin is still dominant, maybe 50 years is a different picture but 10 years? Same story.
[/quote]

Also, the amount of money generated by a big project tends to be proportional to the quality and quantity of service they offer to the public. In the case of alts, it is not in a much higher way.

The reason why it happens like this is really simple, it is not matching Bitcoin's might in any of those two aspects and for that reason it won't have the same position in comparison with the others.
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Topic
Board Beginners & Help
Re: what bitcoin wallets allow transfer to personal bank accounts in USD
by
xWolfx
on 12/07/2019, 12:01:44 UTC
Here you have multiple exchanges to choose from:

At the end it comes up to personal preference, location and payment methods you have available. This is a pretty nice comparison chart showing all pros and cons of each.

https://99bitcoins.com/bitcoin-exchanges/
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Board Bitcoin Discussion
Re: Don't fall for this Trump's statement about Bitcoin. This is bullish!
by
xWolfx
on 12/07/2019, 10:38:56 UTC
That is so truth. You also are making me remember about the phrase that says: There's no such thing as bad advertising.

I still believe that it is something extremely useful in this moments and years. In the future, the price will probably be extremely hard to influence but also the time to play with the margins is precisely right now, that is why i don't criticize whales - It's truth.

In the future, however. Things seems like they are going to be a lot more stabilized and gossip is going to be a lot less important, thankfully.
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Topic
Board Bitcoin Discussion
Re: How mutiply the BTC with your own gains??
by
xWolfx
on 12/07/2019, 10:26:09 UTC
if you want big gains then hodl isn't the right answer, you should keep do trade and sell coin/token that pair on BTC.
gain $30 from $530 is quite big profit for me. take that profite and wait for bitcoin down in price. then you can rebuy and got more amount of bitcoin

That means of course more risk, a lot more risk. The other option is a lot safer if you know what you're doing and is not that difficult like with trading.

With trading you can potentially get really huge profits with it of course, that is the problem. Reinvesting is the way to go, the problem precisely is that it is like gambling. Unless you really know how to do this and this definitely not like the regular stock market, you know a bit of psychic to get millions out of this.
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Topic
Board Bitcoin Discussion
Re: How do you protect your digital coins?
by
xWolfx
on 12/07/2019, 08:58:29 UTC
Honestly if you just want to hodl just put your assets on your phone that you never use, if you don't have one buy the cheap one or you can buy hardware wallet. don't always connect to the internet or don't connect to the internet at all unless you want to sell it. and when you sell it just make sure its not phising site and you would be good, also don't forget the back up.

Remember that all components will eventually fail. Then if you try to turn it on years later you will find that it won't turn on, by coincidence i was yesterday checking some old phones.

A hardware wallet sounds like a much better idea if they have a substantial amount which is practically the only way that would be justified besides just personal preference. Cold wallets have a much much difficult way of storing and eventually finding and using.

Phones were made to be used often and for other purposes. Hardware wallets were made specifically for the purpose.
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Topic
Board Bitcoin Discussion
Re: The reason we need cryptocurrencies
by
xWolfx
on 12/07/2019, 08:42:14 UTC
my reason
1. investing in the world Cryptocurrency has a positive impact on my economic life, bro.
2. because investing in the Cryptocurrency world is my main job, bro.
3. I think investing in the Cryptocurrency world with discipline and patience will have a positive impact on profit

I just couldn't avoid but to quote this wonderful answer. Crypto is life bro.

I also would like to add that by investing in this technology we will be able to help shape the a better future for all of us and the ones that comes after, we are going to help it grow until it finally becomes an unstoppable monster that will change everything it touches for the better.

If something is not allowed to grow, how on earth will you see it's full potential? - It's pretty simple.
Post
Topic
Board Speculation
Re: Bitcoin is way down today
by
xWolfx
on 12/07/2019, 08:36:44 UTC
You do not have to protect yourself against Whale ‘rinse and repeat’ trades, when you ignore the short-term volatility. Any long-term trader will simply ignore this and just sit back and wait for the price to reach a new ATH and then to take some profits.

The day trader will actually benefit from this volatility by buying low and selling high. So depending on how you approach trading, you should actually benefit more from this kind of  ‘rinse and repeat trades by these Whales.  Grin 

I know right? But i really don't understand why taking so much risks, it's like the gold rush fever. Long-term rules the game.

Day trading is really hard, of course you can benefit but i highly doubt that many will be so skilled in the art of patience and fearless mode. Emotions tend to drive people into action and it is something that investors struggle with since the day money was invented, you get what i mean.
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Topic
Board Bitcoin Discussion
Re: Cryptocurrency are gonna disappear
by
xWolfx
on 12/07/2019, 08:29:59 UTC
This a joke taken too far it can never happen cryptocurrencies has come to stay and it is on a good note that countries like Venezuela, Zimbabwe and recently Iran who had been battling with their battered economies and hyper-inflation had to resort to cryptos to bring a kind of succor to their citizens
All these are indication that more adoptions of cryptos by other countries is on it way thus consolidating the usefulness of cryptos of course blockchain had already gained a wider adoptions due to its vast areas of applications 

That is the nice way of saying it for sure. The truth is that they don't really care much about their citizens.

Now, the fact that some citizens look for ways to get some and that way have some kind of insurance and escape from the extremely unstable currencies of their countries is another way different thing.

In the case of Venezuela, for example. They even blocked some mining and Bitcoin/Cryptocurrency sites that are not of their "Currency". So you can imagine the situation.
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Topic
Board Bitcoin Discussion
Re: Is there any way of getting money from empty bitcoin addresses other than clam
by
xWolfx
on 12/07/2019, 08:11:23 UTC
you are not "extracting" cash, you are claiming free giveaways that happened a long time ago. some of them are timed out since they are too old and some still work. if there was a fork that copied the whole blockchain of a cryptocurrency and created a new one and you had a balance prior to that copy/fork then you have the same coins in the forked chain.
you should beware of the risks of claiming these coins though, not just replay attacks but also infecting your computer by having to install shady wallets.
also take a look at this site: http://www.findmycoins.ninja/

I love how that site is .ninja. Yes it is not really extracting, it's like clones of the existing coins inside wallets before the forks happened, that is exactly what it is. Of course it rewards the innovations/founders a lot more and they rightfully deserve it.

It's really important that you are aware of the risks involved while claiming them. Where there's money, mostly always someone will attempt to scam you, sadly too much not so innocent people in this world.
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Topic
Board Bitcoin Discussion
Re: The past, present and future of Bitcoin?
by
xWolfx
on 12/07/2019, 08:04:29 UTC
Hard work paid off! Yes, Bitcoin and cryptocurrency have faced too many difficulties in its path and still facing but the effort taken in the past has fruits today as the awareness and acceptance level has increased which has given birth to the new era of a digital asset.

You shouldn't get so excited too quick bro, relax and look at the situation in a much better way.

What are we having? Supreme potential for the future and a nice thing here right now but the problem is that what it is right now is nothing in comparison to how it can and will be and that is the goal we need to aim for.

Fixate your aim in long-term where the greatest possibilities are waiting for us.
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Topic
Board Bitcoin Discussion
Re: Why are big leaders now opposing cryptocurrencies suddenly?
by
xWolfx
on 12/07/2019, 08:01:42 UTC
I am against it too so i can understand why they were saying it.

It is pretty simple that this coin is going to generate a lot of questions and make a lot of people doubt about what to do. I mean, it's Facebook. Even after all the scandals it still has a pretty solid user base, not as nice as it was previously but the difference between what happened to them and what would happen to someone else who did something like that is noticeable.

If Zuckerberg is good at something is about making noise.
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Topic
Board Bitcoin Discussion
Re: Trump is tweeting about Bitcoin O.O thoughts?
by
xWolfx
on 12/07/2019, 07:57:30 UTC
You also have to understand that it is his job to defend the U.S. Dollar so we can give him a break on that.

About the thin air part i strongly disagree and he obviously knows how money works. But if your job is to substantially increase the value of the currency made in your developed country then you better be creative with the nice tricks you're going to use of course. Precisely what he is doing.

Some will argue that those are wrong decisions but i don't think they are. I agree partially with it but that is nice for us because of the advertising.
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Topic
Board Bitcoin Discussion
Re: Why president Donald trump is not a fan of bitcoin?
by
xWolfx
on 12/07/2019, 07:35:34 UTC
It seems like Facebook's Libra cryptocurrency has ruffled a few feathers. Several Congresspeople immediately took up arms and pushed for a moratorium on the Libra project while they presumably work on hastily passing regulations on cryptocurrency. Now Trump is joining the party.

Sadly for US users and traders, this is a sign that unfavorable legislation is coming down the pipeline.

This is a pretty interesting observation. Since it's obviously no coincidence.

We could also take the fact that Facebook had some scandal issues lately and it made them look at the company a lot more carefully and i imagine that they will be constantly monitoring that they are doing what they said if everything works according to the law.

That definitely made them look towards here. But associating Cryptocurrencies with big issues like privacy violations is not doing any good at all. Some say that there's no such thing as bad advertising, we're going to see that.
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Topic
Board Speculation
Re: 3 Reasons Why Bitcoin Could Explode over 2019
by
xWolfx
on 07/07/2019, 17:50:28 UTC
The political problems between Iran and the USA might lead to another war and we know what happens when countries goes to war. The whole world goes into a panic mode and they start looking for safe havens to protect their wealth. Singapore are seeing this to with the trade wars and the uneasy relationship between China and the USA.  Tongue

Bitcoin is not just a safe haven, it is also a quick method to transfer large amounts of wealth over borders, when a war threatens a country. All of this has a positive impact when situations like this, force people to buy more bitcoins to protect their wealth.  Roll Eyes

Yeah yeah i know a lot about panic mode. I agree 100% with you.

For example, Venezuela right now is like Havoc or Apocalypse mode and this worked flawlessly to store value, just like any other currency from a developed country.

And it's also interesting how the fees seems expensive for us moving not so big amounts but they are a joke but the ones transferring a lot of money easily.
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Topic
Board Bitcoin Discussion
Re: New Satoshi Emails
by
xWolfx
on 07/07/2019, 17:50:13 UTC
I am seriously impressed not only about his ability to explain something complicated in more mundane terms but also the way he used to write and his sense of humor.

I honestly believe that Satoshi could be my friend. I am currently reading the mails and i will finish reading them entirely before passing on to something else. I also believe that anyone really interested should read them and understand them and try to understand how this innovator thought so we can make the right choices in the future.

Also, secretly working improving Bitcoin is a pretty nice idea by the way.