Just released last week, The Angry Banker is the first exclusive game by Bitcoin.com and as the name suggests – the more Bitcoin you win, the angrier the banker gets!
You can play the game online now, either for free or with your Bitcoin. The jackpot is currently sitting at a whopping 25 BTC and growing (that’s over A$1.5 million).
The Angry Banker Pokies Game – by Bitcoin.com
How to Get 10 Free Spins
As a partnership promotion with Bitcoin.com – we are offering the first 25 people ten free spins to win Bitcoin. To claim your free spins simply click here and enter your email address. Please note: that the free spins are for the Buffalo Power game only, but any Bitcoin you win there can be used on the other games including The Angry Banker.
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Great to see new innovative entertainment in the crypto space. Have fun! And if you’re playing with Bitcoin, remember to gamble within your limits.
So, since the past week, the largest digital currency, Bitcoin (BTC), made an impressive record in price, topping its previous all-time highs by over US$58,000. Notably, a massive amount of capital began flowing into the cryptocurrency following Tesla’s Bitcoin announcement. At the moment, however, BTC is shading points, and the fear and greed index suggests that the market may be due for a correction.
Bitcoin F&G Clicked 94
During press time, Bitcoin was trading at US$52,223 on Coinmarketcap, which represented about an eight percent decline on a 24-hour count. Just before today, the market capitalization of the cryptocurrency was above US$1 trillion. However, the market cap sits at US$972 billion following the drop in the crypto’s market value. Bitcoin has shaded more than US$2,000 since Monday, and many people think the market is set for a correction.
Such sentiments align with the Bitcoin fear and greed index from Alternative.me. The Bitcoin market is currently in an extremely greed state, as the index clicked 94 during the time of writing. Whenever the investors or markets get too greedy with an asset, the index suggests there could be an imminent correction. This somewhat backs the current retracement with leading cryptocurrency.
Is Bitcoin set for Correction?
As of February 21, the index scored the BTC market at 91, which is a less greedy state compared to the 94 on Monday. Overall, the Bitcoin market is just in a greedy state, as the index score last week and the last month indicated that investors have been greedy. So, we might be seeing a major correction in Bitcoin, although it remains unknown if the time is now.
The CIO at Altana Digital Currency Fund, Alistair Milne, tweeted that we might see a correction of at least $48,000. He doesn’t think BTC will drop below that level.
Why the dip?
– funding rates very high – Saylor finished buying – many can't take profits on weekneds – @Cryptopathic took profits
Obvious levels: $52k, $50k (run stops here), $48k … must not go lower than $42k imo
According to the popular blockchain tracking and analysis service Whale Alert, a user has moved 13,204 BTC worth nearly AU$1 billion out of Coinbase and into an ‘unknown wallet’. This typically indicates a wealthy individual or large institution buying Bitcoin and moving it into ‘cold storage’ such as a hard wallet for safekeeping.
The transactions happened over a one-hour period and involved 34 individual transactions of around 380 BTC each worth approximately US$21 million each. The choice of number could be a reference to Bitcoin’s 21 million supply cap but it’s probably just coincidental.
🚨 🚨 377 #BTC (21,812,661 USD) transferred from #Coinbase to unknown wallet
Naturally, the moves attracted attention, with several Twitter comments questioning whether this could be another big buy from Michael Saylor’s Microstrategy investment firm. However, these moves all occurred during a Sunday, which would be odd for a company or traditional financial institution.
Big BTC Moves
Although this recent transfer amounts to a considerable amount of cash, it’s relatively small compared to some previous big moves. Last year in June, just after Bitcoin’s 3rd halvening, a whale moved 132,255 BTC in three separate transfers, amounting to US$1.3 billion at the time.
In the number of actual coins moved, even that amount remains comparatively small. Way back in 2011, a single transaction was completed involving 550,000 BTC, worth a whopping US$30.8 billion today but a meager US$1.3 million at the time.
Bitcoin Continues to Push Higher
Large moves such as these indicate big players entering the market and placing their coins in longterm storage with the expectation of further growth. If an individual or company with that much money has such strong faith in Bitcoin then one can only assume a fair amount of research has gone into their decision.
Just this year alone, both Bitcoin’s individual market cap and the wider cryptocurrency market cap have almost doubled in value. Bitcoin recently crossed the significant $1 trillion mark, climbing from US$530 million on December 31st, 2020.
The price of one BTC hit a new all-time high of above US$58,600 yesterday before suffering a mild rejection that has taken it back down to US$56,000. However, the price remains above the upward trend line and has already begun to make a decent recovery.
With the recent impact of COVID – leading to the pokies being closed across Australia for long periods of time, people now have the opportunity to stay entertained and win Bitcoin by playing their favourite games online using their digital devices.
Select your pokies game type (ie Buffalo Power, Fruit Million or other)
Click “Free Play”
Have fun!
Whilst playing for free can be fun and risk free, some people may prefer to play and win Bitcoin. Let’s take a closer look at the available Bitcoin games.
How to Play Pokies Online with Real Money and Win Bitcoin
Select your pokies game type (ie Buffalo Power, Fruit Million or other)
Click “Play Now” (real money)
Click “Deposit”
Transfer your Bitcoin to the casino wallet using the address provided (or purchase using different payment methods). See our guide on How To Deposit Bitcoin into your account.
Bookmark your game for future use
Have fun, stay safe, and bet within your limits!
The Differences Between Playing Pokies Online vs Real Life
The terminology can be different – “Pokies” are called “Slots” online but they are essentially the same thing.
Game credits are different – Game credits are different online, and can be a bit complicated to get your head around. They are also specific to each game. For example: In the Buffalo Power game 1 Game Credit is equal to 1 MBTC (1/1000 BTC). So if you had a balance of 72.75 game credits that might equal 0.00007275 BTC which might equal A$4.59. The actual value depends on the game being played and the BTC price at the current time.
Choosing Your Pokies Game
Bitcoin Games – Pokies Game Selection
There are more than 140 different pokies to choose from, including:
The Angry Banker
Slots
Diving Dragon: Hold & Win
Buffalo Power: Hold & Win
5 Super Sevens & Fruits: 6 Reels
Fruit Million
Legend of Cleopatra Megaways
Super Sunny Fruits
Book Of Cats
Pearl Beauty: Hold and Win
Elvis Frog in Vegas
And many more!
How to Pokies Play using your Web Browser
Bitcoin Games – Buffalo Power Pokies Games Controls
The pokies game controls are pretty simple. The giant orange button in the middle is the spin button and you also have other controls for auto spin, quick spin, turn sound on/off and change the bet size.
Depositing Funds using Bitcoin or Bank Card
Please see our full guides on how to deposit using Bitcoin or your bank card which explains the process in great detail with screenshots and a real example.
Withdrawing Funds to your Bitcoin Wallet
Please see our full guides on how to withdraw to your external Bitcoin wallet which explains the process in great detail with screenshots and a real example.
Other Considerations when Playing Pokies Online
Some other things worth mentioning:
You can play anonymously without registering an account.
You must be 18 years or older to play with real money.
If you’re playing with real money then you’ll need to copy your account URL (so you can go back to use your account). To do this go to your “My Account” at the top right menu and click “Copy” and then paste this into a safe location (or open in your browser and save as a bookmark).
Copying your game account URL for future use
Conclusions
Playing games online can be a fun way to enjoy your time and win Bitcoin while you’re at it, especially if you’re stuck inside. There are other games available to play including: Roulette, Keno, Blackjack, Poker and Craps.
Gambling Addiction Support
Gambling addiction is a real problem for some people – if you need help please call the Australian Gambling Hotline 1800 858 858 or visit gamblinghelponline.org.au for support.
The Motley Fool announced on February 17th, 2021 that they would be allocating $5 million of their own cash to Bitcoin (BTC).
This investment is part of a campaign they are calling “10X” – which involves finding investment opportunities that they think will increase ten times in value over the next five years or so.
The announcement states that “Bitcoin will be a core holding in our 10X portfolio”. And specifies that they will be buying directly into Bitcoin (no ETFs) with the reasons why they bought BTC outlined in the tweet below.
Here’s why:
1. We believe it will store value more effectively than gold over the long term. 2. We believe it may become a medium for transactions, as/if pricing stabilizes in the decade ahead. 3. We believe it can act as a productive hedge against inflation.
This decision to invest in BTC however, has been highly controversial on Twitter with people are referring to an article they published back in 2013 where Sean Williams (a Fool since 2010) explains 10 reasons why Bitcoin is a terrible investment. It seems the article has been updated since with the new date showing as 2020.
Funnily enough, if they would have invested the $5 million when the article was written back in 2013, it would now be worth an estimated $2.5 billion dollars.
More Big Companies are Now Buying Bitcoin
Major companies are now starting to add Bitcoin to their balance sheets as the stimulus flooding continues and companies see Bitcoin as a hedge against inflation. The list of big companies publicly holding Bitcoin is growing which includes the likes of MicroStrategy, Paypal, Square, Tesla, Morgan Stanley, Greyscale, CoinShares, and now The Motley Fool. Who’s next?
The American business magnate and billionaire Bill Gates seem unbothered with the current trends in the Bitcoin market. Many prominent figures and companies are beginning to support and add the leading cryptocurrency as part of their reserve assets. However, the billionaire disclosed on Thursday that he is rather staying neutral with Bitcoin. A few days ago, the president of Microsoft also mentioned that the corporation doesn’t have any new plan to invest in cryptocurrency either.
Bill Gates is Neutral on Bitcoin
While speaking with CNBC Squawk Box on Thursday, the co-founder of Microsoft confirmed that he holds a neutral view about the cryptocurrency. Gates told CNBC that he doesn’t have any investment in Bitcoin, neither is he shorting the cryptocurrency. “I do think moving money into a more digital form and getting transaction costs down, that’s something the Gates Foundation does in developing countries.”
"I don't own #Bitcoin. I'm not short Bitcoin," says @BillGates. "I do think moving money into a more digital form and getting transaction costs down, that's something the Gates Foundation does in developing countries." pic.twitter.com/DDe5X196ax
Gates had once made an opposing view about cryptocurrencies. Back in 2018, the billionaire voiced that digital currencies like Bitcoin are killing people in a “fairly direct way.” He blamed the fact that the anonymity of cryptocurrencies can be taken as an advantage by malicious users to launder funds and also fund terrorist groups. Gates also mentioned that many people are using cryptocurrencies to purchase hard drugs, which are unsafe.
Microsoft doesn’t have any plan for Bitcoin
Gates’ statement today is coming two days after the president of Microsoft, Brad Smith, disclosed that the company has no new conversation on whether to allocate part of their reserve in Bitcoin. However, he didn’t state that Microsoft will never invest in cryptocurrency.
In less than 24 hours, the crypto-market has reached a total of $1.60 trillion, according to Coinmarketcap, even surpassing the total GPD —Gross Domestic Product— of two countries: Spain and Australia.
According to data from the World Bank —a financial institution that provides loans and bonds to governments— Australia’s current GPD is $1.48 trillion, while the Spanish GPD stands around $1.39.
No signs of Selling for the moment
Bitcoin’s price has been moving with speed since February 8, when Tesla announced investing $1.5B —almost AU$2B— in Bitcoin. Now the chart indicates a possible 46-48K price correction, before taking off or dropping below that level of support.
Despite a possible price correction —or even a consolidation zone, BTC could reach higher levels of even $65K considering there still is a strong demand as the buying pressure still is strong between traders and investors.
BTC/USD investor’s sentiment
Higher price levels for Bitcoin are probable scenarios according to several top-investors and CEOs, including Antoni Scaramucci —SkyBridge founder, and analysts from JP Morgan.
The Securities and Exchange Commission —SEC— could soon allow a Bitcoin ETF, now that two major institutions: NYDIG —New York Digital Investment Group LLC—, and Morgan Stanley joined to file a petition in favor of a Bitcoin fund for their accredited investors, while Morgan Stanley will be NYDIG’s first authorized participant.
The move follows Australia and Canada’s recent plans for opening a Bitcoin ETF, with full permission and regulations.
Again, it’s worth acknowledging that Tesla’s Bitcoin purchase announcement was a very significant event for the cryptocurrency market. It has literally unlocked more interest and caused many other prominent institutions to start considering holding Bitcoin on their balance sheets. On Wednesday, Rick Rieder, the chief investment officer at BlackRock, confirmed that they have started to dabble in Bitcoin.
This is another important piece of news, just like that of Tesla. For the record, BlackRock is the world’s largest digital asset manager. The institution reportedly manages more than US$7 trillion worth of assets.
BlackRock is Making Moves to Bitcoin
The BlackRock investment officer made this known while discussing with CNBC’s SQUAWK BOX. According to Rieder, people are increasingly looking for storehouses of value and places that could appreciate their holdings while inflation hits. This is typically one of the reasons Microstrategy, a publicly-traded business intelligence company, got into Bitcoin in the first place.
On that note, Rieder admitted that the world’s largest asset manager has begun dabbling into the leading cryptocurrency. However, he couldn’t mention the exact percentage that BlackRock intends to allocate to Bitcoin. Many people expect BlackRock to allocate at least one percent of its reserve to the cryptocurrency, which runs in tens of billions of dollars.
Earlier this year, the asset manager filed with the United States Securities and Exchange Commission (SEC), disclosing their intent to allow their funds to engage in futures contracts based on Bitcoin.
Industry Experts Reacts to BlackRock News
The news today is another big development for the Bitcoin market, to be precise. One percent of BlackRock’s reserve going to Bitcoin will catapult the market value to a great level, and this has got many crypto experts talking, including Anthony Pompliano and Kraken’s Dan Held.
Blackrock is reporting that they have "dabbled" in Bitcoin.
A report by the Australian Financial Review on Wednesday confirmed the growing interest in Bitcoin among retirees in Australia. Self-managed super funds or SMSFs are increasingly accumulating more Bitcoins for clients, not minding the increased market value of the cryptocurrency.
On Wednesday, the price of the leading digital currency, Bitcoin (BTC), soared to another record level of over US$51,100. This indicates that retirees in the country are more confident with allocating their funds to the cryptocurrency.
A Five-fold Increase in 2020
Last year, the Bitcoin purchases of self-managed super funds increased by five-folds, according to BTC Market, the largest cryptocurrency exchange in Australia. The average crypto trade amongst these funds also spiked by 20 percent within the last quarter of the year, as Bitcoin began seeing more institutional and corporate investors, like MicroStrategy, MassMutual, Square Inc., and many others.
“Previously trade sizes for SMSFs were in the tens of thousands of dollars, but we’re now seeing in the hundreds of thousands of dollars,” according to Caroline Bowler, the chief executive at BTC Markets. This is probably because many Australian retirees now prefer the cryptocurrency to gold as a better asset to hedge against the declining value of fiat currencies, the report reads.
“Bitcoin as a store of value is interesting to SMSFs holders. People are researching it and getting better educated around it. They look at it as a deflationary asset, and I think they understand the concept behind that,” Bowler added.
Interested in buying crypto with your Super? Need help? Speak with Cryptocurrency Superannuation Expert at New Brighton Capital Book a Free 20 min Consultation
Only 21 Million Bitcoin Will Ever Exist
Fiat currencies like the British Pounds and Australian dollar are issued and controlled by the government and the central bank of the nation. There is no limit to the number of currencies these authorities can issue. However, Bitcoin is pre-programmed to cap at 21 million; nothing more, nothing less. This supports the idea that the cryptocurrency can serve as an inflation hedge asset. As of February 17, there was over 18.6 million BTC in circulation.
The New York Digital Investment Group —NYDIG— has filed with the Securities and Exchange Commission —SEC— for a Bitcoin ETF, with Morgan Stanley being the first authorized participant, and the NYDIG being the custodian of that crypto-fund.
Both companies are hoping the SEC will finally set the green light now that Bitcoin and crypto, inevitably, are taking institutions and the mainstream by storm.
The Long Road for Bitcoin into Institutions
From 2017 to 2019, Bitcoin has had a hard time entering into institutional systems in the U.S. —mainly, the petition for a Bitcoin Exchanged-traded fund has been rejected multiple times by the SEC.
But as more countries like Australia and Canada are moving forward with this new financial vehicle, the U.S. could finally consider allowing a Bitcoin fund, now that big players in the industry like Morgan Stanley, Tesla, Grayscale, and several more major corporations are jumping in on digital assets.
A few days ago, the Australian Securities and Investments Commission —ASIC— approved a Bitcoin ETF listing on the Australian Stock Exchange, but Canada went first, by approving the world’s first Bitcoin ETF.
Could Bitcoin Hit $100K by the end of 2021?
Most hodlers in the crypto-community are going all out in favor of $100K for Bitcoin, which could become the greatest milestone achieved by BTC since its creation.
The petition of NYDIG came shortly after Bitcoin made history yesterday, finally reaching $50,000, and slowing down to $47,000.
It’s not about retail traders and deposited faith anymore. Major companies like Morgan Stanley and JP Morgan are exploring ways of adding Bitcoin into their sheets, now that the demand is growing stronger between accredited investors.
