You made it! :) First up, SORRY! This has been a late post, I have my reasons don't question them (if you must know I'll be posting in the discord - one time only haha). Secondly, I am sure you can agree with me when I say "Wow!" What an incredible week it has been. Last week I thought it was going to take a couple more weeks for more moving price action when it had only taken a few days which has seen Bitcoin reach and pass the $10,000 region. We have also seen the total Market cap for cryptocurrencies increase from about 280B to over 300B (308B at time of writing) within just a few days. A huge injection of liquidity, about 40B, into the market and just to name a few of the best rises in the top 20 (on Coinmarketcap.com), the price of ETH BTC ADA have given good performances/positive responses (With this I will start adding screenshots at the end of each week for timestamp purposes). This may be a combination from Binance, Mastercard, Paypal, Grayscale investments, VISA AND the DEFI sector. Let me explain... Last week we read about Binance integrating with the company Swipe (SXP) to issue there own debit card expanding the use and reach of cryptocurrency to 31 countries within Europe. Binance's Q2 scheduled token burn of $60.5 Million, this figure correlates with its exchange, margin and futures trading platforms where approximately 20% of profits get burned to increase the price of BNB token (careful as the price has been steady after the burn). This week we find out Mastercard's expansion into the Cryptosphere as they expand and integrate with the Wirex team to issue a Mastercard-backed Bitcoin debit card, thus further extending the reach of cryptocurrency availability internationally. "The cryptocurrency market continues to mature and Mastercard is driving it forward, creating safe and secure experiences for consumers and businesses in today’s digital economy " "...Our work with Wirex and the wider crypto ecosystem is accelerating innovation and empowering consumers with more choice in the way they pay" Mastercard is also reaching out to other emerging cryptocurrency firms to apply to become principal members [Partners] with Mastercard as they have relaxed their digital assets program and look to expand into the Digital Assets and Blockchain environment. Paypals expression of interest in cryptocurrency facilitiation may bear fruits as it is said Paypal has partnered up with stablecoin operator Paxos (who is already in partnership with Revolut in the US) to facilitate trading through a cryptocurrency brokerage which will enable other firms to integrate cryptocurrency trading functionalities with them. In my opinion this looks much more promising than the Libra association they pulled out from last October as regulations. Grayscale Investments clears regulatory hurdle as they have been given the green light for its Bitcoin Cash Trust (BCHG) and Litecoin Trust (LTCN) to be quoted in over-the-counter (OTC) markets by US Financial Industry Regulatory Authority (FINRA). “The Trusts are open-ended trusts sponsored by Grayscale and are intended to enable exposure to the price movement of the Trusts’ underlying assets through a traditional investment vehicle, avoiding the challenges of buying, storing, and safekeeping digital Bitcoin Cash or Litecoin directly.” More green lights for Cryptocurrency in the US as regulators allow banks to provide cryptocurrency custody services (which may go further than just custody services). A little bit strange as it seems unnecessary and undermines one of the key factors and uses of cryptocurrency which is to be in complete control of your own finances... On another outlook this may be bullish as it allows US banks to provide banking services directly to lawful cryptocurrency businesses and show support for Bitcoin. Visa shows support stating they have a roadmap for their further expansion into the Crypto sphere. Already working with Crypto platform Coinbase and Fold they have stated they recognise the role of digital assets in the future of money. To be frank, it appears to be focused on stable coins, cost effectiveness and transaction speeds. However they are expanding their support for crypto assets. AND MOST IMPORTANTLY, DeFI! Our very own growing section in crypto. Just like the 2017 ICO boom we are seeing exorbitant growth and FOMO into the Decentralised Finance sector (WBTC, Stablecoins, Yield farming, DEXs etc). The amount of active addresses on Ethereum has doubled but with the FOMO on their network have sky rocketed their fees! Large use-cases of stable coins such as USDT ($6B in circulation using ERC-20 standard), DAI, TUSD, and PAX. $114M Wrapped Bitcoin (WBTC) on their network acts as a fluid side chain for Bitcoin and DEX trade volume has touched $1.6B this month. With all this action happening on Ethereum I saw the 24HR volume surpass BTC briefly on Worldcoinindex.com In other news, Bitcoin has been set as a new precedent in a US federal court in a case against Larry Dean Harmon, the operator of an underground trading platform Helix. Bitcoin has now legally been ruled as a form of money. “After examination of the relevant statutes, case law, and other sources, the Court concludes that bitcoin is money under the MTA and that Helix, as described in the indictment, was an `unlicensed money transmitting business´ under applicable federal law.” Quick news in China/Asia as floods threaten miners and the most dominant ASIC Bitcoin mining rig manufacturer Bitmain loses 10,000 Antminers worth millions alledgedly goes missing or "illegally transfered" with ongoing leadership dispute between cofounders. Last but not least, Cardano (ADA) upgrade Shelley is ready to launch! Hardfork is initiated as final countdown clock is switched on. At time of writing the point of no return has been reached, stress tests done and confirmation Hardfork is coming 29/07 The Shelley Mainnet upgrade is a step toward fast, capable and decentralised crypto that can serve billions of people. With the Shelley Mainnet is ADA staking rewards and pools! Here is a chance for us Gravychainers to set up a small pool of our own. Small percentage of profits going into the development of the community, and you keep the rest! If you read all of my ramblings thanks heaps! I appreciate it! I have added an extra piece of reading called speculation. Most you can speculate on by just reading the headline some others have more depth to them. Another post next week for a weekly round up! Where do you think the market is going? What is in your portfolio? Let us know in the Gravychain Discord Channel See you soon!
🍕 Bring some virtual pizza to share 🍕 Come have a chat, stimulate a discussion, ask a question or share some knowledge. We are all friendly crypto enthusiasts up for a chat, supportive and want to help each other with knowledge and investments! Big thanks to our Telegram and My Crypto HQ for the constant news updates!
P.S. Dr Seuss collectables on the blockchain HECK YEAH! and Bitcoin enters NASCAR, remember when Doge did this? it was like when Doge was trending on TikTok. ... Oh yeah did I also mention Steve Wozniak is suing Youtube, Google over rampant Bitcoin scams. Wait, what? Sydney based law firm JPB Liberty is suing Google, Facebook and Twitter for up to $300B. Just another day in the Cryptosphere.
Over the last couple of years online casinos (카지노) have seen a massive change and that’s cryptocurrency. Bitcoin started to sweep the industry beginning in just one casino first and growing to others, rapidly. Now cryptocurrency comes part and parcel and, today, we are going to look at some of the biggest casino winners who have played in bitcoin.
Big Wins Happen in Bitcoin too
A big win can happen at any time, any where, it can also happen in any currency and cryptocurrency. We’ve seen some of the biggest gambling wins happening in bitcoin and with the fluctuation of prices a bitcoin win can even increase over time. This newest phase to hit the industry has actually made thousands of players very wealthy indeed and it holds some of the most impressive biggest casino wins from players around the globe.
Bitcoin has made thousands of players very wealthy overnight at many online casinos.
Now, playing in bitcoins shouldn't be confusing, because just like when you're playing in your usual currency, you don't always need to bet big to win big. And, some of the casino winners' stories we're going to show you today are proof of that.
The Top 7 Bitcoin Casino Wins
So, let's have a look at some of our biggest casino wins, starting with an exciting story that happened back in 2016, when bitcoin really started to kick off:
1. Player Cashed out an Incredible Win of 174 Bitcoins
The beauty of bitcoin is players get to remain anonymous and it was indeed an anonymous player at BetChain Casino that made the first big win on our list. Back in July of 2016, a lucky bitcoin winner playing big win games managed to scoop not just one win, but two. The player cashed out an incredible 174 bitcoins made up of a 60 win bitcoin and a 114 win. At the time, this converted into an impressive $122.496.
2. A 259.74 Bitcoin Win Led to a Life Changing $1.3M
The next biggest casino win was Nakowa back in September of 2016. At the time the player managed to bank a life changing $1.3m after they won 11.000 bitcoins. This is one of the biggest casino winners ever.
3. Anonymous Player Snagged 259.74 Bitcoins
Then, in February of 2017, another anonymous player at Bitcoin Video Casino won 259.74 bitcoins. This big win converted to €259.399 at the time.
4. Series of Big Wins Banked from 216 Bitcoins
Heading straight in at number four is another anonymous win only this time it was at Cloudbet Casino. In March of 2017 a player, from a series of big wins banked a cool 216 bitcoins. This was from a 160 bitcoin win, coupled with another 56 bitcoin win totaling $255.000 but in the same play session. The most impressive bit of all is that the lucky member placed a mere bet of just 0.16 BTC on the Troll Hunters Slot to bag that first 160 bitcoin win.
5. Player Won 15 Bitcoins Worth $118.000
The next entry into our list of the biggest casino winners is an anonymous player at BitStarz Casino. The player bagged 15 bitcoins which was worth $118.000 at the time.
Only reason I'm making a separate post is because there isn't a daily questions thread up right now.
I have attempted to use some Bitcoin sportsbooks but how do you guys recommend managing a bankroll with it? It's pretty tiring to constantly see the exchange rate with USD. Or do you guys not even do that and just forget about the dollar amount and simply bet a percentage of your bankroll? I just never really know how much I have when it's a small decimal that is constantly changing. Do you forget about the price change?
Do y'all prefer Nitrogen or cloudbet? Cloudbet seems to have a lot more options but obviously nitrogen is incredibly popular around here. Was wondering if there is something shady about cloudbet that I'm not seeing.
I have about 20 MLB futures I really like and am going to wager on - but I'd like to do them all in bitcoin. I think the price of BTC will rise by the time these wagers cash, and the ROI of these futures may not even be worth it if the money can just sit in bitcoin and rise on its own. Does anyone know any bitcoin-only sportsbooks offering MLB futures (pennants, WS odds, win total o/u's)? Nitrogen is currently not offering any and Cloudbet only has world series odds.
loyal cloudbet user - large withdrawal pending "manual review" for 40+ hours
So I've been using cloudbet since 2014 making pretty regular bets and have had good experiences withdrawing and depositing various amounts in the past. A few year ago a half to full Bitcoin bet was usual in the account but given the price increase of late that is much more than I'd like to bet so I initiated a withdrawal of 5 BTC (was able to withdraw multiple full coins in the past with no such issue). This time it was met with a manual withdrawal requirement and a response from "Drake" on their customer support team saying it would be escalated to the payments department. From which I have heard nothing yet. I am really hoping they don't try to suddenly scam a loyal customer or have any of these passport requests I've seen mentioned here as well. But will keep you updated.
A few people have asked me about how to buy bitcoin and how to use bitcoin. So I thought I'd write a quick guide on how to buy bitcoin and how to send bitcoin. At the end I give some bonus information on what bitcoin is and how it works. Bitcoin is best demonstrated rather than explained and most people just want to jump right in and get some to see for themselves, so I'll start this guide with how to buy some and how to send people money with it. Plus most people reading this might only be interested in sending their league dues.
There are a number of ways to purchase bitcoin all of them relatively easy. I will recommend two of the most popular ways to buy bitcoin. CoinbaseCoinbase is probably the most popular exchange in the world. Coinbase is very easy to use and is probably the cheapest place to buy bitcoins. This is my recommended way to purchase bitcoins. You will need to connect your account to a US checking account via the ACH system. Circlecircle allows you to purchase bitcoin using a credit card or debit card. I haven't purchased through them, but I believe they require ID verification so it may take some time to setup. not too sure. LibertyxLibertx is a very simple way to purchase bitcoins. You go to a Libertyx location and tell the cashier you are purchasing a libertyx pin. you give the cashier the amount you want in cash and they give you a receipt with a pin number. Enter that pin number in your account on libertyx and bitcoin is deposited to your account. LocalbitcoinsLocalbitcoins is probably the fastest way to purchase bitcoins. You can go to the website and find someone in your area that is selling bitcoins for cash. If you find someone you want to buy from, you open a trade with that person and plan to meet in a public place like starbucks. This method doesn't require you to link a bank account. This method will be a little more expensive than purchasing through an exchange like coinbase. Find a bitcoin ATMBitcoin ATM's are popping up around the country. Each of them work a little differently and any exchange fees are set by the owner. So how expensive they are depends on the one you are using. To use an ATM you deposit cash and bitcoins are deposited into your bitcoin wallet.
SENDING AND RECEIVING BITCOINS
Bitcoin Wallets A bitcoin wallet is used to store your bitcoin, send bitcoin, and receive bitcoin. You can think of it like as an email account. If you are using coinbase, Libertyx, or localbitcoins then you are already given a bitcoin wallet with your account. If you only plan to use bitcoin for the one purpose of sending your league dues, then this may be all you need and you won't need to bother having an additional app on your phone or computer (skip ahead to sending bitcoins). But, if you are interested in using bitcoins then you should look into what wallet applications are available. Bitcoin.org has a great guide on what wallets are available. Look over which ones are available for each platform. Here are my personal recommendations for each platform. * Android: Mycelium * iOS: greenaddress * Windows: greenaddress * Mac: Electrum I haven't used android or mac, but have heard good things about mycelium and electrum. A note about some of these web wallets. Many of them will require users to protect their account with as much security as possible. This is because bitcoin is a lot like cash and you are responsible for keeping it safe. A strong password and other measures are important to keeping your bitcoins secure. Send bitcoin Every wallet has a send feature. You should be able to find this feature by going to the "send bitcoin" tab someplace in your wallet. Sending bitcoin will always require two pieces of information: 1) Who are you sending it to? Every wallet has a bitcoin address that can be shared with other people to receive payments. If you are sending someone bitcoin you must ask for their bitcoin address to send to. For example my bitcoin address is: 3Epf4PDbu3yMQbJDNzbfQDwnFfzufovVvd . I can share this address with anyone in the world and they can send money to it. Since the address is very long and hard to type out, a QR code is usually associated with it so that smartphones can scan the code for easier input. Here is the associated QR code with that address. This payment address is where you can send bitcoins as payment for the league dues. 2) How much are you sending? The amount in bitcoins you send depends on the exchange rate you are using. If you are only using bitcoin to send your buy in price, then you just need to send the amount you just purchased. Many applications have built in conversion calculators. You can enter in the amount in dollars and it will convert it automatically to the amount in bitcoins you need to send. To see live conversion rates you can use a website to view various market rates. A couple popular ones are bitcoinaverage and tradeblock. Bitcoin average provides a volume weighted average price of bitcoin across multiple exchanges. Tradeblock gives live rates across multiple exchanges. You can see the prices of each online exchange changing in the top right corner of the page. For example: at the time of this writing bitcoin is trading at $282.14 per bitcoin on coinbase. If you were to send $20 using this exchange rate, you would send 0.071 bitcoins. Receive bitcoin If you are only reading this to send your buy in fee then you don't need to read further. If you're interested in learning more about bitcoin then you can continue reading. Receiving bitcoin is easier than sending bitcoin. All you need to do is give someone your receiving address. Every wallet has a receiving address. You can see the example of mine above. you will be able to find this in your web wallet.
BONUS INFORMATION ON HOW BITCOIN WORKS, WHY IT'S SO POPULAR, AND HOW YOU CAN MAKE MONEY
What is bitcoin? Andreas Antonopoulos explains bitcoin the best in his book Mastering Bitcoin.
Bitcoin is a collection of concepts and technologies that form the basis of a digital money ecosystem. Units of currency called bitcoins are used to store and transmit value among participants in the bitcoin network. Bitcoin users communicate with each other using the bitcoin protocol primarily via the Internet, although other transport networks can also be used. The bitcoin protocol stack, available as open source software, can be run on a wide range of computing devices, including laptops and smart phones, making the technology easily accessible. Unlike traditional currencies, bitcoins are entirely virtual. There are no physical coins, or even digital coins per se. The coins are implied in transactions that transfer value from sender to recipient. Users of bitcoin own keys that allow them to prove ownership of transactions in the bitcoin network, unlocking the value to spend it and transfer it to a new recipient. Those keys are often stored in a digital wallet on each user’s computer. Possession of the key that unlocks a transaction is the only prerequisite to spending bitcoins, putting the control entirely in the hands of each user. Bitcoin is a distributed, peer-to-peer system. As such, there is no central server or point of control. Bitcoins are created through a process called “mining,” which involves looking for a solution to a difficult problem. Any participant in the bitcoin network (i.e., any device running the full bitcoin protocol stack) may operate as a miner, using their computer’s processing power to attempt to find solutions to this problem. Every 10 minutes on average, a new solution is found by someone who then is able to validate the transactions of the past 10 minutes and is rewarded with brand new bitcoins. Essentially, bitcoin mining decentralizes the currency-issuance and clearing functions of a central bank and replaces the need for any central bank with this global competition.
Why is it so popular? and Why does it have value? These can be hard questions to answer. Bitcoin has advantages over traditional currencies. First thing to understand is that bitcoin is not a currency it's merely a transfer of value written on a public ledger. Currency is just the first application of bitcoin. Bitcoin is like the internet of money, a network for propagating value and securing the ownership of digital assets via distributed computation. There is a lot more to bitcoin than first meets the eye. Here are a few important qualities that make bitcoin popular and gives it value to people:
Anonymous- You can send someone money anywhere in the world and not know their name and they don't need your name.
Protect yourself from identity theft- Websites are hacked almost every month now. Among the information that can be leaked is credit card numbers and names. If you've used a credit card on any website you are at risk of having your cc number stolen. Using bitcoin provides you a layer of protection. There is no credit card number to steal. They won't have any information to gain from you if you have paid with bitcoin.
Payments can't be reversed- once your bitcoins are sent, you can't undo the payment. This is important for online merchants. Scammers can reverse credit card payments making sellers susceptible to scams. Payments made with bitcoins is just like cash, the payment can't be reversed.
You can send any amount of money in the world very cheaply and quickly. To send money to other countries you traditionally need to pay high fees. Using bitcoin you can send thousands of dollars and only pay a few cents. Also, using bitcoin it only takes 10 minutes to confirm a transaction. Traditional methods may take 3 days.
Bitcoin can't be shut down- visa and mastercard can control what you purchase. it is up to them on what you can purchase. With bitcoin, there is no control. You can purchase what you want and sell what you want.
You own your own money- You are in control of your money. Bitcoin is sorta like cash under your mattress. It's not held and controlled inside a bank.
Bitcoin can be used for more than just money- As I've mentioned bitcoin isn't just money, it's a transfer of value. Currently in development are other assets that can be traded digitally. For example: the New York Stock Exchange is researching blockchain technology as a way to transfer stocks between people. Imagine if you took a chunk of bitcoins and assigned a specific stock to a particular bitcoin. Say you took one specific bitcoin and assigned it to a share of microsoft. This bitcion is now tied to a share of microsoft stock. Anytime this particular bitcoin is traded it is always equal to that share of microsoft. This allows traders on the stock market to buy and sell shares much more quickly than the currently do. As of now, it takes up to three days to verify a stock transaction. This time would be cut down to 10 minutes. This technology isn't limited to just stocks, it can be coupons, concert tickets, contracts, etc.
How you can make money with bitcoin It's very easy to make money with bitcoin just by sitting at your computer doing nothing. I will list a few methods here: 1) Sell bitcoins on localbitcoins If you have cheap access to bitcoins on coinbase then you can sell bitcoins for cash at a profit. Simply create an advertisement to locally sell bitcoins on localbitcoins and set your price 5% above coinbase. When someone contacts you through the website, you buy their bitcoins on coinbase and then sell it to them for 5% higher than you just bought it for. This sounds ridiculous, but people are willing to pay 5% more to skip setting up a coinbase account and purchasing on localbitcoins. If you are interested in doing this you can read my advertisement. 2) Sell bitcoins for amazon gift cards People are willing to pay a lot more money for the convenience of buying bitcoins with gift cards. You can sell your bitcoins online for amazon gift cards on paxful.com or localbitcoins.com. I have sold my bitcoins at up to 50% markup on paxful.com. 3) Save money using bitcoins to buy stuff on amazon and starbucks Yes! That's correct! you can actually use bitcoins to buy stuff on amazon and starbucks. The website https://purse.io/ lets you purchase stuff on amazon using bitcoin. You create a wishlist on amazon, paste your wishlist on purse.io and send bitcoins to the wallet they give you. You can save up to 15-20% pretty easily using this method. If you want to buy starbucks at a 5% discount you can use https://coffee.foldapp.com/. 4) Play the market You can also buy your bitcoins and hold on to them and try to sell them later at a higher price. The price of bitcoin can go up and down like a stock. You can also try to buy them on one exchange and sell them at another exchange at a higher price. This way of making money can be risky and not as profitable as the ones above. 5) Invest in startup companies Bitlendingclub lists startup companies and bitcoin traders that are asking for loans in bitcoin. You can find a user on that site and invest in their company. It's up to you to find someone trustworthy and who you which users have the best chance at being successful. 6) Gambling! There are several online casinos and betting agencies that accept bitcoin. cloudbet.com has an online casino and sports betting. Nitrogensports is the go to for online sports betting. This is all I have for now. This should be more than enough to get started with. If you are interested in learning more or have questions you can contact me.
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Worlds Best And Highest Paying Cloud Mining Sites!!! June 2018!!
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