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May 6, 2021

Cryptocurrency Accepted Means Of Payment Even On Online Casinos

Since its introduction in 2009, the financial world has been discussing the opportunities and risks of bitcoin. Meanwhile, digital currencies have evolved from a marginal phenomenon and a speculative object for outsiders to a serious size in the financial market. It has also penetrated the betting industries from which you can use bitcoins to play on online casinos like play88 casino.

In the recent past, bitcoin has seen huge increases in value but has suffered almost as much declining value. The question, therefore, arises whether Bitcoin and Co. have the potential to secure a reliable place in the financial market and thus also offer an investment alternative for newcomers and smaller investors.

From nerd currency to international means of payment The original idea of a cryptographic currency goes back to Satoshi Nakamoto and a white paper he wrote. Since the name is a pseudonym, it is not yet clear whether an individual or a team of programmers is behind the development of the idea.

The first 50 cryptocurrencies were “created” in January 2009, bitcoin is considered the oldest digital currency in the world. To date, the cryptocurrency has the highest market capitalization and the largest trading volume of all Internet currencies.

However, more than 2,100 other Internet currencies (as of March 2019) have developed with an estimated total market capitalization of about 131 billion US dollars. In addition to Bitcoin (BTC, XBT), the most well-known coins or tokens include:

  • Ethereum or Ether (ETH)
  • Ripple (XRP)
  • EOS (EOS)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Tether (USDT)

How cryptocurrencies work

The basis of bitcoin is the so-called blockchain, open-source software that works with a continuously expandable list of tamper-proof data sets. They are connected to complex data sequences in the form of successive blocks, making them almost tamper-proof.

A special feature of the technology is that bitcoins are generated not centrally, but decentrally using a network. Since a maximum of 21 million coins can be mined and the so-called bitcoin mining requires high computing power, value stability is guaranteed, which protects bitcoin from both counterfeiting and excessive inflation.

However, the anonymity resulting from the decentralization of the blockchain and the lack of a central supervisory and regulatory authority also gives reason to believe that cryptocurrencies are also used for opaque and illegal transactions.

Why invest in cryptocurrencies?

In addition to purely financial reasons, there are many other reasons why people invest in cryptocurrencies. In this section, we’ve compiled a small selection of the most popular reasons why people are increasingly daring to go to the crypto exchange or crypto broker in 2021.

More convenient: Cryptocurrencies can be shipped at minimum transaction costs within seconds. Popular cryptocurrencies such as Bitcoin are accepted all over the world and are already regarded in many places and can be used as a means of payment.

Anonymity: Our digital footprint is getting bigger and bigger. Man in the 21st century is as glassy as ever. Digital currencies provide some redress because the transaction between two parties does not have to be handled by a third instance such as a bank.

Support for the decentralized financial system: Many people have not only believed since the Great Depression that the traditional banking system is no longer up-to-date. Digital currencies are completely independent of central banks, which is actively supported by many people.

Profitability: If you look at the rise of bitcoin, you will quickly see how profitable some digital currencies have become today. If you enter the trade in time, you can hope for a multiple of the investment.

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May 6, 2021

Cryptocurrencies for Online Sports Toto

Eija Järvinen
Crypto & Hazard

Online gambling is very much in vogue right now just like cryptocurrencies like Bitcoin, Litecoin and others. Whether you bet on the gaming tables or speculate on the crypto exchanges, the thrill and the dream of fast money beckon here.

It is hardly surprising that more and more casinos like 토토사이트are accepting payments with cryptocurrencies.

https://www.youtube.com/watch?v=EwcnzYnlq8U

How do cryptocurrencies work in online Toto Sports?

Cryptocurrencies have not only developed quickly in terms of rates. A lot has also changed in terms of usability. Until recently, Bitcoin was reserved for technically savvy people, but today it is completely uncomplicated to open a coin wallet and purchase Bitcoins.

Anyone who deals with gambling knows that casinos have always adopted new technologies for their purposes. The first online casino, for example, opened its doors back in 1994, when the Internet was still in its infancy. The first crypto online casino is now few years old.

The Malta Gaming Authority (MGA) played a key role in the spread of cryptocurrencies in online casinos. This gambling regulator is responsible for hundreds of different casinos and officially allowed its licensees to use Bitcoin and other selected cryptocurrencies in 2018.

Since then, you can deposit and even play with crypto in many casinos with an MGA license. This payment method has a number of advantages – for example in terms of security and anonymity.

How do limitless Toto casinos treat cryptocurrencies?

Sports Toto

A casino provider without a limit can decide much more freely which payment options they want to offer. Therefore, cryptocurrencies are also being accepted more and more often in order to make it even easier and more convenient for players to deposit funds. Depending on the provider, the deposit is either converted into dollars or you can play with Bitcoin directly in the casino.

Of course, you never really remain anonymous in these online casinos, even with crypto, as the operators still have to determine the identity of the players. This is due to the strict money laundering regulations that these providers have to meet. At least the operator always knows who is playing with him. Nevertheless, cryptocurrencies offer a high level of security. For example, a payout is only possible back to your own coin wallet. This makes theft or fraud extremely difficult.

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March 27, 2021

Why Should You Avoid Investing In Bitcoin?

The value of digital currencies such as bitcoin and ethereum is shooting through the roof. You could just buy a pizza for a few bitcoins in 2007, now a bitcoin is already worth 2300 euros. The first crypto millionaires have already been born. Enough reason to put your savings into these digital coins, or not?

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Web developer Menno Pietersen invests in various digital currencies and can almost make a living from them. “I’m not yet a crypto-millionaire, but I make more money with it than with my own company,” he says. Menno explains that it can be very lucrative to trade bitcoin or ethereum. “The chance of a loss is great, but so is the chance of a profit. I’ve had a return of 1600 percent.” Just compared to a savings account: you have to be happy with a 0.5 percent return.

Very risky
Investing in crypto coins carries a lot of risks, says Menno. “But if you have a thousand dollars to lose, why not? Savings don’t pay off. This market is exploding.” Lars Eckardt can talk about that bitcoin explodes. “I had bought a bitcoin for 42 euros. It would now be worth about 2300 euros.” Until he lost the key. He lost access to his bitcoins when he emptied his phone without backing it up. “The bitcoin keys that I still have don’t work. I find it very tricky. You only need to do something and you have lost everything.” He immediately quit bitcoin.

Even the bank
Because that is the danger of crypto coins: there is no regulator and no intermediary. You are entirely responsible for the management of your digital money and for the payment with it. If you send your money to the wrong one, there is no one who can get it back. If you have decided to buy crypto coins, then you want to make money with them. For that, you have to go to a bitcoin exchange. That comes with its own risks. The most obvious is that the value of your currency can fluctuate very widely. “One day a coin can drop as much as 20 or 30 percent,” explains Menno.

Hack? Money gone
But another big danger: hacks. “It is very important that you do not leave your money on this exchange. If it is hacked, you will lose everything”, Menno explains. His tip: always get your money back to your wallet when you are finished. Randal Peelen lost money in such a hack. He had 3 bitcoins (now worth $ 6,400) on the Mt. Gox. It was hacked in 2014 and declared bankrupt shortly afterward. During the hack, 850,000 bitcoins were stolen by the hackers. “I had all my coins there. When I wanted to deposit a thousand euros into my own account, it didn’t arrive.” Despite the fact that Randal lost his Bitcoins, he continues to see it as a good investment. “I’m like: it is not impossible that bitcoin will be worth a hundred thousand euros. It is not impossible that it will be worth zero. There will only be 21 million bitcoin in the history of mankind. So it will by definition become worth more. The supply cannot increase, but the demand is increasing.” Due to the many risks, the Netherlands Authority for the Financial Markets advises against consumers diving into crypto coins. But do you want it anyway? Then do it wisely. Before converting your savings into bitcoin, both the AFM and Menno recommend that you read carefully. “And never invest more money than you are willing to lose,” adds Menno. “Getting in now is very risky. There are a bitcoin and ethereum bubble. It is going to burst. If you invest, you spread opportunities and buy a few smaller crypto coins in addition to bitcoin and ethereum.”

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February 20, 2021

Trading cryptocurrencies: Opportunity and risk

Eija Järvinen
Crypto & Hazard

In addition to the chances of high profits, crypto trading also entails major risks, in particular, due to a lack of regulation and the fact that numerous critics are currently pointing out that a speculative bubble has already formed.

Online gambling like judi bola can also provide high profits but involves risks as well.

High volatility in the cryptocurrency market

First of all, there is one thing that must be stated in an unbiased way: the market for cryptocurrencies, such as Bitcoin, Ethereum or Litecoin, is extremely volatile. This has been shown several times in the past few years because Bitcoin alone was subject to large fluctuations.

What looks like a relatively uniform development in the form of a steady upward trend, however, has shown itself completely different in detail.

What chances do Bitcoins and others have from a fundamental point of view?

When it comes to assessing the opportunities and risks of Bitcoins and other cryptocurrencies, a crucial question is what, from a fundamental point of view, actually speaks for good chances that the value of cryptocurrencies will continue to rise. In fact, from a fundamental point of view, the fact that Bitcoin and other digital currencies could become much more popular as a means of payment could give a significant boost to further price increases. Originally, the original goal of Bitcoin and the other cryptocurrencies is to act as an alternative to central bank money and thus represent a means of payment on the market.

What are the risks when trading cryptocurrencies?

When trading cryptocurrencies, the main risk for every actor is of course that the value of the individual coin falls and the invested capital results in losses. A total loss is rather unlikely, especially in the case of cryptocurrencies with a very large market volume, but capital losses of 10, 30 or more than 50 percent cannot be ruled out. In addition to the general price risk, there are still some negative aspects that ultimately count among the risks of speculating with cryptocurrencies, such as:

  • Possible speculative bubble
  • No regulation
  • Any security gaps

It should be noted that trading in cryptocurrencies brings great opportunities for further price increases and thus profits. On the other hand, there are also significant risks, so trading digital currencies is definitely pure speculation.

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