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Patrick Gon

Patrick Gon
Patrick Gon

Patrick has been an investor and researcher for the past six years. His work can be found on various Medium blogs and private publications. His experience in the field of business, trading and philosophy combined with his ability to write with objectivity and truth about topics from various verticals has made him a very attractive writer and journalist.

News

No Love Lost: New Poll Finds That Majority of Investors Would HODL Even If Bitcoin Price Fell to $0

by Patrick Gon 28/09/2020
Written By Patrick Gon

What may have been thought of as a fever dream by some, the continued vitality of bitcoin has investors more positive about future performance than ever.
In the early years of bitcoin, the idea that it may one day break a grand was something few genuinely believed would ever happen. In 2017, the thought that it would break $12,000 was highly anticipated, but many questioned the coin’s longevity. By 2018, the idea that the coin would ever again reach the unreal heights that had been seen the previous year seemed highly unlikely, and a long bear run was anticipated. By March 2020, few expected the coin to recover from the devastating lows that coronavirus brought, and in June many lamented the reality that the crypto would ever peak the long-seen sub $10k valuation it had seemingly stalled at.

Each pinnacle moment in the history of bitcoin has one common thread, seamlessly tying every self-imposed artificial hurdle to the next- and that’s the unwavering faith that hardcore hodlers have in the currency. Each time the price of the coin dips or swells, the full force of pessimistic internet critics come to prey on the FOMO of novice investors, who rush to exchanges like Bitvavo in order to have their fears quelled. Whispering that each turn in the coin’s valuation will be the last great sigh of life to come from it. However, so far, they’ve been proven wrong each time. And a new poll suggests that these critics may always fall short of the anticipatory psychic glory they’re looking for.

Running with the Bulls

Twitter polls taken throughout the summer of 2020 suggest that bitcoin users have something that bitcoin critics sorely lack- confidence in the coin’s endurance. In a Twitter poll taken in July by bitcoin backer Peter Schiff, nearly 58% of respondents said that they would take their bitcoin to their graves, before giving it up and selling under the then on-trend threshold of $10k.

Since the poll was taken, those that HODL was indeed rewarded as the coin jumped past the $10k mark to nestle near $12,000, where it still stands today. Giving credence to the idea that most serious bitcoin investors are in it for the long haul. Believing that the digital currency has a bullish future indeed. Which is a sentiment that is also echoed in the current holding patterns seen with the wealth distribution of the network? As fewer whale wallets (those with 100+ BTC in their vaults) are beginning to dwindle and smaller investors are starting to take control of the existing coins.

Going a step further, another Twitter proficient bitcoin star, Plan B, hosted a poll of his own- asking over 22,000 bitcoin users when they would sell off their holdings, should the price not increase sharply within the next few years. An astounding 72.1% said that they would ride the coin out to $0 if that’s what the market came to.
What It Says About Asset Value
So, what do Plan B followers believe this says about the assets inherent value? A number of different respondents gave their two cents when it came to defending their ride or die attitudes. Some suggest that another large bear run would only inspire them to scoop the dip and buy more of the coin. While others suggest that they’re vying for a more stable market so that the currency can become just that- an easily translatable alternative to fiat.

As it stands currently, the famous cryptocurrency is seen more as an asset than it is a currency. With many viewing the wild fluctuations in price as serious investment potential, meaning that prolonged bear runs only serve to give them time to gain capital and buy more bitcoin. Patiently hodling until the next [inevitable] price surge is seen.

While global adoption continues to steadily rise, as suggested by increasing numbers of global exchanges, wallet registration, and wealth distribution; there’s a genuine possibility that bitcoin could reasonably become the fiat of the future. Finding a niche value threshold and sticking to it.
Never Say Die
While we may be a long way off from the utopian future of fully decentralized economies and financial structures, bitcoin still offers its fearless defenders a lucrative investment opportunity, specifically for those playing the long game. Analysts say that the coin’s ROI (return on investment) between the years of 2015 and 2020 puts many traditional markets to shame.

Since 2015, the coin has seen nearly 3,500% ROI. Putting it at almost 70 times that of traditional assets. So, while we might not be doling out bitcoin to buy milk anytime soon, it is still arguably worthwhile to hope that the coin will continue to see long-term investors some genuine capital. An ambition that when taking a look at both the hard data and public sentiment, doesn’t seem all that fanciful.

Disclaimer: This is a paid post and should not be considered as news/advice.

28/09/2020 0 comment
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News

Advantages of Cryptos in Online Gambling

by Patrick Gon 20/07/2020
Written By Patrick Gon

As we all know, cryptocurrencies are digital assets designed to work as a medium in exchanges during financial transactions, complementing and in some cases replacing traditional fiat currencies. Since Bitcoin’s inception in 2009, many new cryptocurrencies have emerged and people use cryptos in everyday life, whether it’s for trading on crypto exchanges or buying clothes or food online, more and more people are embracing the concept of using cryptos instead of fiat money.

One area where cryptos are gaining momentum is in online gambling. Online casinos are becoming increasingly more popular among Indians and are on pace to outgrow traditional land-based casinos. While online casinos are outlawed and no companies in India are allowed to offer real-money betting online, people are still able to gamble online despite the government’s best efforts. Foreign casino companies are able to offer their services online to Indian customers. So there are no laws stopping foreign companies or customers to engage in gambling activities over the internet. Playing online offers many perks compared to traditional land-based casinos. Cryptos make gambling online even more convenient and it’s gaining more popularity with prospective gamers in India.

Due to the restrictive gambling laws in India, there is a limitation when it comes to payment options for customers who want to play casino games. Besides easy access and convenience, one of the advantages is that online casinos are able to leverage cryptocurrencies for financial transactions between customers and their accounts. An internet casino offering cryptos gains a competitive advantage over non-crypto casinos by leveraging additional payment methods. As an example, out of many casinos in India, the internet casino 10Cric is one of the few that allow Bitcoins as a deposit method. By doing so, 10Cric makes it easier for customers to deposit funds to their accounts by providing more ways for their customers to play in the casino. Ultimately, internet casinos leveraging cryptos gets an additional advantage while also making crypto gambling more popular in India.

The only thing that differs between fiat currency and cryptos is the way a customer deposits and withdraws funds. The gaming content inside the casino remains the same for all customers no matter what currency they use. For the customers, using cryptos speeds up payment and transaction processes while keeping fees and processing charges at a minimum, making cryptos a more affordable option when gambling online.

20/07/2020 0 comment
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Uncategorized

by Patrick Gon 20/07/2020
Written By Patrick Gon

Stay There For The Magic

20/07/2020 0 comment
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Uncategorized

by Patrick Gon 06/07/2020
Written By Patrick Gon

Content will be displayed shortly..

06/07/2020 0 comment
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News

Cryptocurrencies – The Future to Online Gambling Payments

by Patrick Gon 29/06/2020
Written By Patrick Gon

Cryptocurrencies are digital currencies created by the anonymous Satoshi Nakamoto, back in 2009. Nowadays, people use cryptocurrencies when shopping in online stores, paying deposits in online casinos, paying rents and accommodations, etc. There is no doubt that bitcoin is one of the greatest technological and financial innovations of the 21st century, and its future in the online gambling world looks bright so far.

Online Casinos Accepting Cryptocurrencies

Payment methods at online casino sites were always a sensitive subject, which is not surprising since people want to deposit money safely and withdraw their prize without any difficulties. Many online casinos have given a chance to different kinds of cryptocurrencies.

Casinos that accept this method are called “Bitcoin casinos” or “Cryptocurrency casinos”. Besides Bitcoin, some gambling sites also accept Dogecoin, Litecoin, Dash, and Ethereum. Out of these digital currencies, Ethereum currently has the highest value.

Even though players are skeptical when it comes to something new and revolutionary, the number of players using the cryptocurrency method on gambling sites is increasing. You can find over 100 online casinos that accept bitcoins or other cryptocurrencies. Some online casino sites started accepting cryptocurrency deposits while keeping regular methods but some are exclusively using cryptocurrencies. For Indian players who are willing to give crypto casinos a try 10cric is one of them accepting this method. On this site, players can deposit funds using bitcoin converted into INR.

It’s very important to make sure the site you choose is licensed and trustworthy, and then you won’t have to worry about the safety of your money, whatever method you choose. There are some advantages of using cryptocurrencies at gambling sites.

The Advantages of Cryptocurrency Casinos

One of those advantages is the speed of processing transactions. It’s very fast and it doesn’t involve any unnecessary complications like waiting for a payment provider or a bank to confirm. You don’t have to wait after depositing, you can start your game right away and if you get lucky, withdrawing cryptocurrency is also a few clicks away from you. It’s also a way to assure that you won’t get rejected when making deposits and to reach total anonymity.

Cryptocurrencies are specially used for by esports bettors, which are mostly young adult people. To use cryptocurrencies you have to do your research and once you have a good grasp everything else comes naturally. Young people are probably following trends more than the older population and that’s why using cryptocurrencies for gambling sites is the most common among them.

29/06/2020 0 comment
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Press Release

Thinking of Giving Club World Casino a Try?

by Patrick Gon 26/06/2020
Written By Patrick Gon

If you’re considering Club World Casino for your next online casino adventure, you may want to know more about the site. They have some pretty mixed reviews online. So, we had a look for ourselves to see what they have to offer.

Club World Casino is a long-time brand that operates mainly in the U.S. However, it has branched out to many different countries. The casino holds a license by the Kahnawake Gaming Commission in Canada. They also have headquarters in England and follows U.K. regulations.

One of the things that stand out about Club World is that they do have a massive sign-up promotion compared to other leading platforms. Their wagering requirements are also reasonable and transparent, unlike many other comparable sites. Players are likewise pleased with their contribution rates toward the wagering requirements, which is always a plus.

Club World Casino – Software 

Real Time Gaming is one of the casino software providers and perhaps the most popular in North America. RTG offers some of the best games, think huge jackpots and high-quality games that are available on any mobile device. The only thing they lack is live casino games.

Although Club World Casino carries a smaller selection than some casinos, you can count on the quality is exceptional. That’s because Real Time Gaming owns and operates the site. It also means players have options about how they want to play.

You can choose to enjoy the instant version of the site right from your browser. Or you can download the casino software for the full range of games. Both are free for P.C. or Mac users. There are also mobile capabilities, so you can either download the app or enter the site from the browser of your mobile devices.

Everything runs smoothly no matter how you choose to enjoy Club World Casino.

Game Choices

There is a carefully curated set of games available on the site, which many players will appreciate. Instead of crowding up their pages with every game in existence, you’ll find a smaller selection of some of the best. And since all games are by RTG, they are quite impressive.

You can choose from over 120 different games, so even though it’s carefully selected, it’s still pretty extensive. For example, you can play different versions of the classics, like blackjack, roulette, pontoon, craps, baccarat, and tons of video poker variants.

The category with the most choices is the slots which give you over a hundred titles in every theme and variation that exists. You can play branded slots with beloved themes that suit any personality. There are even a few original creations to discover. And the best part is that some of the jackpots go up to millions that you can try your luck for!

For more gaming reviews and access to the newest promotions, news and platforms visit bestpokies.net, where you can find a world of the best online casino entertainment that exists, by all of the top providers!

26/06/2020 0 comment
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Press Release

Automated Crypto Trading Went Mobile

by Patrick Gon 26/05/2020
Written By Patrick Gon

You can now run your cryptocurrency trading bots right from a cell phone, either it is iPhone or Android. Just go to PlayStore or App Store, install TradeSanta’s app, start creating bots, and track the progress while on the go.

Want to stick to your favorite trading style? No worries, with TradeSanta’s app, it is possible to personalize your bot the way you like it.

For instance, you can place take-profit targets separately for every new order or for all the orders you execute. Also, there is an option to hand-pick various strategies, set up order volume, define the number of extra orders, and follow the bot performance as shown on different charts.

In addition to further features, you can also access your trade history, realized profit, overall profitability indicators, trading charts and so much more. In a word, TradeSanta’s app is a nice starting point for everybody who only begins to trade crypto. The app was designed in such a way that the trading flow helps novice users create an account easily and connect it to a crypto exchange in a matter of seconds.

TradeSanta’s bots are faster than any human since they can place multiple orders simultaneously and trade 24/7 just for you to have enough sleep. Still not sure if your favorite exchange is connected? The major exchanges Bittrex, Bitfinex, HitBTC, Huobi, Binance, UPbit are already connected and counting.

Just choose your trading plan and go. With the Minimum Package, you can run up to two bots with a maximum of $3K trading volume for free. As for other plans, the prices vary, yet, when buying annually, you pay less: the Basic plan for $14 per month allows you to use up to 49 bots with an unlimited trading volume and number of pairs. With the HitBTC promo for $21 per month, it is up to 49 bots, whereas, with the Maximum Plan that costs $70, you can run an unlimited number of bots.

Download the app for Android and iPhone.

26/05/2020 0 comment
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Bitcoin

Liquid Payments in Canada

by Patrick Gon 27/04/2020
Written By Patrick Gon

Canada is one of those countries that never resist changes and innovations. Canada is one of the leading countries in terms of modern approaches and tendencies. Thus, Canada was also one of the countries that adopted the new crypto payments, as well as massively implemented it in social life and society overall.

Canadian people are mostly very open to modern tendencies and if there is something that can make their lives easier and more comprehensible, they are always in favour. The cryptocurrencies and crypto payments became popular in Canada very rapidly and thus many people became users of the cryptos and e-wallets.

There are many fields that have been very actively implementing all the new technologies and services. Many big industries and businesses have also adopted Bitcoin very rapidly and have already benefited from it a lot, as the number of Bitcoin users is increasing on a daily basis. One such industry is the gambling industry.

Online casinos have made huge steps forward via implementing new services and payment methods on their websites. A variety of payment methods is something that attracts clients and players the most. Many online casinos introduced Bitcoin payment methods and now, cryptocurrency casino is one of the most preferable options in the gambling community.

Due to the high interest of Canadians in the cryptocurrencies and e-wallets, certain regulations and news have been introduced to the public, in order to make the usage of the cryptos more comfortable. Rumour has gone around that the Bitcoin and other cryptos have been so popular, that the government is thinking about introducing their own national cryptocurrency. This information has not been approved by any of the officials or authorities, but the National Bank already has the outline and the design for the digital asset.

The main priority of the cryptocurrency is that blockchain technology is one of the safest technologies and the currency is decentralized, thus it is less vulnerable towards the political state and regimes.

Liquid CAD

On the other hand, liquid CAD has become more common and relevant to Canadians. It has gained popularity and thus, many people have already decided to switch to CAD as a payment method. To give you a full idea regarding the liquid CAD, it is the non-custodial prepaid payment system. It is denominated by the Canadian Dollar. The main point in all of this is that the CAD consists of vouchers issued by the Liquid Network as confidential bearer assets. Those vouchers can be transacted via Liquid wallet peer-to-peer. This is very similar to the blockchain system and generally crypto transactions.

In order to get Liquid CAD, users have to withdraw their account balance out of the Bull Bitcoin and buy the Liquid CAD with the Bitcoin.

The advantage of the Liquid CAD is that it can be used by anyone. The main purpose is to receive and send payments denominated by the Canadian Dollar. While it looks very much like the blockchain transactions, here we tackle similar problems with the limitless and permissionless markets. This enables trading and transactions of the Liquid CAD to the secondary markets as well.

Another point is that via accepting Liquid CAD, you are very much accepting a gift card. Though, accepting gift cards as payment does not seem to be very appealing. This can be justified by the fact that Bitcoin is the most liquid commodity in the market and can be easily transformed into any other currency. It can be transformed into Bylls, which is mostly used to pay the bills and make the bank transfers. Bylls is also used to sell Bitcoin or transfer money to third parties. This fact should not be very comforting either.

Bitcoin all around

The main reason for creating this new payment method is to target Bitcoin users wishing to liquidate Canadian Dollar payment for Bitcoin. This is the process called “fiat bleed”. During this process, the Canadian Dollar should be slowly abandoned and thus, Bitcoin should be the perfect alternative for it by that time.

Every Liquid CAD can be easily exchanged into Bitcoin. It is believed that this new payment service will facilitate the transfer fiat in the context of the purchase and sale of Bitcoin. Thus, commercial transactions should soon impact the value of Canadian Dollars against Bitcoin. No doubts that the innovations are very welcomed, but the impact on the economy both in the short term, as well as the long term, is yet to be observed.

One way or another, with every new initiative new risks and questions, arise. The main question yet is how stable will the Liquid CAD be. If there will be no interest collected from the Liquid CAD users and everything will be done via one platform, Bull Bitcoin will be relatively safe, at least for the trial version. The purchase of the Liquid CAD is regulated by the Financial Transactions and Reports Analysis Center of Canada, which makes the payment service a lot more reliable.

27/04/2020 0 comment
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Bitcoin

Why Bitcoin (BTC) & ETH Youtubers/viewers got scammed by Bill Gates imitating scammers

by Patrick Gon 30/03/2020
Written By Patrick Gon

Fake crypto Youtubers and Fake scammers have been bombarding the market with irritatingly idiotic videos that try to prove or make-believe that Bill Gates or some other famous personality was actually here to promote or give away some money. Typical new-age crypto fanatics see through them but the most susceptible audiences are new crypto entrants or retail audiences who do not know the difference between real and fake.

Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates has some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy. Just like in several other previous cases, the fraudsters launch fake ‘live streams’ on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount. An ‘entry ticket’ into this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Although these will not impact the price of Bitcoin, if the scammers hoard a lot of Bitcoin (in the thousands) then it is possible that we could see an impact in the price if they crash the market.

30/03/2020 0 comment
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News

Why $24 Million worth Ripple (XRP) moved in South Korea, hoarding or dumping?

by Patrick Gon 30/03/2020
Written By Patrick Gon

XRP seems to be feeling well so far as it manages to maintain the $0.16 level and the third position on the top ten coins’ scale. Investors and holders in South Korea and Japan believe so too and are transferring gargantuan amounts of it both for selling and storing.

140.4 mln XRP moved in Korea and Japan

The Twitter bot which tracks XRP transactions, XRPL Monitor, has spotted several wires on XRP ledger that have moved a jaw-dropping 140.4 mln XRP over the last twenty-four hours. That took around a dozen transactions, totaling $24,247,080.

The majority of those XRP transfers were conducted with the participation of the South Korean Bithumb and Coinone exchanges, as well as the Japanese trading venue Bitbank.

XRP expected to go up

Traders from TradingView believe that the price of the third-largest coin is going to increase to the $0.18 level in the short term.

Trader Alex_Clay writes:

“We completed all targets on previous upward wave. now price fixed above strong support, if price takes a correction to this support again we can take a long position, if we see a confirmed breakout of the strong resistance we can take long position too.”

There are reasons why people are moving, hoarding or dumping XRP, according to prominent traders, people and institutional investors are getting ready for the XRP bull run. If the bull run does occur, many investors believe that a huge price pump to $1.6 is inevitable.

30/03/2020 0 comment
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