April 28, 2020

Will Crypto Survive after Everything?

Agua Caliente Casino 360 Sport along with several other businesses has taken heavy blows from the outbreak of Coronavirus. No one sees it – the virus becomes this massive and damaging. In fact, there are more than 2 million reported cases worldwide as of this writing. Unfortunately, it had already claimed more than 150,000 lives on a global scale. This is regardless after the implementation of social distancing and self-isolation by the government of different states.

Proof of Volatility?

Now, we are seeing the damage that Covid-19 creates; various stock markets took a deep dive, huge drop in oil prices and suffering of international economies. Same story goes with cryptocurrencies. Back in first week of February, 1 Bitcoin is worth over 10,000 dollars. Then just a week later, its stock crashed to whopping 4,000 dollars. The impact of the pandemic is obviously felt, no doubt about that. Basically, other cryptocurrencies have seen the same fate like:

  • XRP
  • Ethereum and;
  • Bitcoin Cash

The rapid drop in crypto’s value, made many of its investors suddenly feel skeptic whether it’s a safe investment or not during tough economic times. Fact is, some of them were thinking whether or not stick back to fiat currency as a smarter alternative.

While cryptocurrency has taken the market by storm and brought so much hype for the past few years, you’ll be surprised that it has not successfully gone yet to mainstream. And in the reality of the situation, it showed that there’s no “asset” that is safe from anything.

Right now, perhaps owning cryptocurrency may be a good idea in the sense that you have a diverse investment portfolio.

Vigilance is Paramount

And as expected, with the constant increase of Covid-19 cases, same goes with the scams related to crypto all over the world. For instance in UK, there have already been several reports of scammers who were falsely claiming that for certain Bitcoin payment, they can offer clients with records of their locality infected with the virus. Same modus is seen in countries such as Japan, Tokyo and the likes.

A System should be Set in Place

There ought to be an established control system to eliminate bad players on the market. Thing is, this control system must not eat up consumers themselves and it’s the exact same reason why there’s a need for immutability and decentralization. These two aren’t focused on control rather, on sustaining true facts.

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April 11, 2020

The Monetary System for Online Poker

Eija Järvinen
Cryptocurrency

During these days, cryptocurrency is the fastest means to fund the online gaming account. Being funded the account with the appropriate amount of crypto means that the playing can start immediately. Using bitcoin and crypto, the frustrations and restrictions dealt in using credit cards and bank accounts cannot be experienced. Moreover, there are some countries that have lots of limitations in using cryptocurrencies, yet the potential for making crypto as a payment vehicle for more poker sites and online casinos seems to be high.

Basically, crypto was created to surpass the struggles of the fiat money system utilized globally.

One of the most famous cryptocurrencies being used is the Bitcoin. However, there are huge numbers of various digital tokens, virtual assets, and coins classified as crypto. An additional advantage of using crypto to put money into the gaming accounts is the privacy and safe transfers which are preferred in lots of countries. The succeeding discussion will assists newbies in the field of Bitcoin and crypto in getting started with utilizing such system for online gaming.

Basic Guide for Using Crypto in Gaming

Here are the basic steps which are essential in funding the online gaming accounts and gambling using cryptocurrencies with lesser fees for transfer and no banks involvement.

1. Account registration

Sign-up for an exchange account, like the BTC wallet, which act as a storage area of the BTC. It may also be a marketplace where trading of the USD or EUR against other cryptos and bitcoin can be done. Yet, be observant and choose for the major exchanges that are classified as legal in most countries. Here are the best exchanges that can be utilize to start with online poker gaming:

  1. Coinbase
  2. Binance
  3. Uphold

2. Purchase cryptocurrency

Once the exchange account has been verified, purchasing of crypto may be started. The exchange account can be topped up with USD, INR or EUR via bank deposit, credit card or wire transfer.

3. Create a crypto wallet

Generally, there are five groups of crypto wallets. This includes the mobile, online, hardware, desktop, and paper wallets. Since funding the account of online poker is the primary purpose, creating an online wallet is typically the best way to opt for.

4. Send crypto into the wallet

From the exchange account, select the appropriate amount for sending. And on the exchange transfer form, simply copypaste the address of the wallet. Complete the transaction through utilization of the authentication factors.

5. Send bitcoin into poker account

Into the poker account, choose deposit the Bitcoin or cryptocurrency. Encode the amount to be deposited and the BTC address of the poker site in the send form of the crypto wallet. Click the send button after placing all the required information. Once the transaction had been confirmed and the balance had been updated, playing Tuanpoker online can be started right away.

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April 6, 2020

Gambling Using Cryptocurrencies

Hundreds of casinos operate online as online gambling has become a popular recreation enjoyed by a lot of persons across the world. Many online casino and gambling sites provide easy and secure access to fun and exciting games from the best developers. Not only are they played for entertainment, but also for real money. This means that players could bet and win real money, just like you would in a physical casino.

For instance, dominoqq, a game quite identical to Pai Gow, a game of Chinese domino, have advanced into an online game where a lot of people now play it since it is fast and could be very profitable if you make a win.

When selecting a site online to play such games for real money, you have to consider what type of banking options they provide. Although majority of players still do make use of debit cards, credit cards, prepaid cards, ewallets, as well as bank transfers, several have begun utilizing digital currencies or cryptocurrencies as players could safely and anonymously participate in gambling. Furthermore, with cryptocurrencies, player protection and security are improved since not a single personal or financial data is forwarded to the gambling site.

Things to Consider in Cryptocurrency Sites

As you choose a gambling site that accepts cryptocurrencies to play, there are several aspects to take note of. You would want to make certain that you are engaging in trusted site for completely safe and secure playing experience. Your preferred online casino must be legal, meaning it has to be licensed and regulated as well as provide a Privacy Policy protecting every sensitive material.

Crypto sites accept a range of digital currencies, therefore ensure that the sit you have chosen offers the cryptocurrency that you have and usually use. Additionally, make certain that you could redeem bonuses as well as promotions when depositing cryptocurrencies.

As soon as you have found a trusted site that supports digital currencies, it is imperative to look into and learn everything you can about the software used as this will play a part in selecting games and possibilities for payout, so always select a site with a software that is reputable.

Security measures carried out by the online casino is also another aspect to take note of as you would want to ensure that every transaction is completed making use of an encryption software. Also, you have to ensure that the casino keeps your information on a reliable and secure server. Additionally, you would want to look into the customer support of the site making sure they are always available and very much reliable.

Bottom Line

Know that gambling, whether using real money or cryptocurrencies, always comes with risk. So prior to engaging in online gambling, ensure you have carried out sufficient research to guarantee player protection.

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March 22, 2020

Understanding Bitcoin And Bitcoin Trading

Eija Järvinen
Cryptocurrency

The cryptocurrency Bitcoin is enjoying increasing popularity as a financial instrument, it is experiencing a long-lasting hype. But not everyone is familiar with the basics of digital payment. They say trading in bitcoin is like a gamble because of the many risks involved. But unlike gambling in known sites like DEWA303, trading in bitcoin offers a better probability of ROI. Let’s take a look further at what is a bitcoin and how does it work.

What is bitcoin?

Bitcoin is a digital form of payment, a so-called cryptocurrency. The name is derived from cryptography, which is used to secure transactions carried out via the associated online database blockchain. The acronym for Bitcoin is BTC , comparable to USD (US Dollars) and EUR (Euros). The Bitcoin Euro currency pair is abbreviated as BTCEUR, the Bitcoin Dollar pair as BTCUSD.

Bitcoin can also appear paired with other currencies. In this case, the name of the currency pair would be structured analogously to the forex market.

How does bitcoin work?

Bitcoins offer the possibility to make fast, secure and inexpensive peer-to-peer payments – without the need for a bank or a central computer, and of course without cash, credit card or other. The transaction takes place directly between the digital wallets of the parties involved and is verified by the blockchain. It is secured with a unique private key that verifies the parties’ digital wallets.

What is Bitcoin blockchain technology?

Blockchain is a decentralized database through which all transactions of cryptocurrencies take place. A certain number of transactions on this basis is referred to as a “block”. Each of these blocks stores information about the previous block and each transaction therein stores information about the previous transaction. In this way, full transparency of all payments in the blockchain is granted.

The Bitcoin Blockchain infrastructure has introduced a revolutionary method of storing financial data, which is characterized by complete transparency and accessibility, has been created through joint development with open source code and does not belong to any individual or entity. The maintenance of the blockchain infrastructure is done through the collective power of millions of computers that verify transactions worldwide and add them to the blocks.

Transaction data verified in this way cannot be subsequently modified or deleted, which means that all Bitcoin payments are final and undeniable.

What is Bitcoin mining?

As soon as a new block has been created in the blockchain, it is rewarded with 12.5 bitcoins, which takes place approximately every 10 minutes. This is the value of the so-called ” mining “, which is derived from the English word for “mining” and refers to the collective use of the collected computing power of the network.

Mining involves many individual users and specialized companies who deploy their computing power worldwide to participate in this fundamental process. The system automatically generates new bitcoins and regulates the speed of its processes so that it is not possible to generate bitcoins faster unless significant investments are made in the corresponding hardware and the resulting electricity costs.

The remuneration for bitcoin mining of a block will have halved by this year (2020) and will continue to halve every 4 years until the set total of 21 million bitcoins has been generated, which will not be achieved until 2140 becomes. As a result, Bitcoin has the fundamental potential to add value for a long time to come.

The graphic below shows that at the end of 2019 there were more than 18 million bitcoins in circulation. It also indicates how quickly and continuously the amount of bitcoins increases over time. The demand for Bitcoin is steadily increasing – and will continue to do so if none of the competing cryptocurrencies manage to outdo Bitcoin.

How much risk is there in Bitcoin trading?

Bitcoin is a volatile instrument in which daily price fluctuations of 10% and more occur quite frequently, which makes it a very risky medium for investments and trading. Of course, without a certain risk, no big profit is possible, but we still recommend that you only invest money that you could lose completely in the worst case.

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