Well if you put all your money into trading and then think that rising bitcoin prices will help you get huge profits then you may consider the trade as a gamble - something very popular in the stock market.

In other words gamble is more risky and trading is about luck for sure but along with it comes analysis and proper understanding of the market, along with probability of the market to rise or crash based on the panicky-huge-volume traders who are easily influenced by the common FUD schemes that we see on the forums and social media.

Trading and gambling are different. Period

It is totally your own choice if you want to believe in something or not. If you dont like bitcoin dont use it. I live in a country where <10% of the people ever heard of it and they think its a ponzi scheme and some sort of joke.

I suggest you check the current market trends and if your local stores accept bitcoin or not, because then only you can transact with your coins. You can also buy some bitcoin , trade and get some profits and then reconvert it to fiat. Even then if you dont believe it is suitable for you then its down to your decision.

You did not understand the OP's post at all.

1.Gambling at casinos - complete loss
2.Investing in casino bankroll - profitable in the long run, passive earning

What this thread is about is point number 2 and not point number 1

We all know that gambling at a casino is a sure loss if you keep gambling. Instead investing in the casino bankroll, you can get a share of the house edge every time someone wins or loses. It is a good source of passive income.

The price is the reason why investors flock to trade on large volumes of bitcoin and in turn manipulate the market. This has both good and bad effects on the economy and one of the reasons why bitcoin price fluctuates much. Also acceptance of bitcoin in general public increases but the stores and shops dont like it - they prefer a stable price.

The condition is very poor in India as far as bitcoin is concerned. We are living on fiat literally since ages. Maximum people here are below poverty line and not much of the entire cross-section of people do know about internet let alone bitcoin. I have heard some states accepting bitcoin along with some e-commerce sites and online stores. But does not help since we need to buy our daily necessities with bitcoin which is far from the reality.

Maybe yes then the price of other currencies will increase in that particular country. Maybe they are marketing methods to cause an increase in that local market by the author of the other coin - example of sabotage.

Otherwise banning the blockchain technology is technically not impossible - the only way to do that is to block internet access in that country.

I think in real life this is impossible since it is gambling. The word gambling stands for risky, dangerous, profitable but risky games. If you enter a casino with hopes of becoming a millionaire by rolling some dice well you are in a fool's paradise for sure.

A sure profit is never true for gambling. You can only reduce your losses but never stop your losses.

If there is an easy way of exchanging the local currency to bitcoin and vice versa then I think the picture might be different.

However I believe that bitcoin can help the economy of a person and not the entire country. Changing the economy of a country is a very tough job and it requires huge input for some individual bitcoin group, and I doubt anyone would try to do that in real life.

Best thing is to buy some bitcoin and then start trading on it or hold them long enough and sell them. You can also try altcoin mining and altcoin trading. These are considered to be best types of investments these days. Once you get enough capital of bitcoin start to invest it in bitcoin casino bankrolls.

This may be true for individual bankers but not on a broad spectrum. Many people I know are actually holding bitcoin as a passive income source and then sell it once a while when the prices skyrocket. In a way the are collecting bitcoin from many sources and then trading on it like this and they belong to poor countries like me. Though the income in not huge it is still better than nothing.

Hence I believe that bitcoin can help poor people but not a poor country.

Alright, so I guess you are going to build the first (and last) ever bitcoin bank. Let us know of the procedures of transactions and what exactly are you trying to do with the bank?
Will it spread awareness about bitcoin to the general public? Will it ease the process of exchanging fiat to bitcoin and vice versa?

Just claiming that something is coming is not practical as long as you dont provide any concrete proof about the same.

Gambling should only be done for fun and entertainment purpose and not for making a living. It is very tough to earn a stable income from gambling and is extremely risky. People get greedy and tend to bet more and more only to lose it all. You should cash out while still on winning streaks and not consider gambling as a method to earn money.

Reviews are mostly paid testimonials and there is not concrete proof in the internet world that speaks the truth. Most of them are designed to spread FUD into people's minds in order to scam them later on.

However you should be careful to assess the truthfulness of the articles here on the forum and the internet before making any investment in order to avoid getting scammed (though its impossible to not get scammed)

I would like to state that several ICOs and altcoins are turning out to be pump and dump which people need to be careful of before investing, though its impossible to understand which one will become scam in reality.

As for steady income, the term "risk" is not applicable because the word "steady" negates the risk. Hence for "steady" income I can suggest only offering your services in the marketplace and other bitcoin payments.

Being practical about your hand at gambling is a good idea. However I think the most smart method to gamble is not to gamble. Anyway as far as addicted gamblers are concerned, I suggest them to do proper bankroll management, dont let emotions get over your head and cash out while still on a green streak.

You cannot expect bitcoin to be accepted as a "legal" currency. The governments will never regulate it and only try to stop it. People have associated with malware and ponzi schemes first before accepting it as a currency.

Bitcoin and Bank are two opposite things. Hence I do not agree with the idea of Bitcoin Bank.

Congrats on the small (but big) win. Keep up the good work and claiming from the faucet. It is one of the oldest and legit paying faucets in the bitcoin faucets universe. One day you might just hit the 200$ Big Win like I have once. Be sure to make good use of the money.

Of course not. Most of them have a provably fair system for verifying the rolls and the top ones are all trusted. Their casino bankroll investment schemes are also legitimate as far as the top casinos are concerned and they are a good investment to allow your coins to grow, passively. Though it is not recommended for panicky investors and only considered as profitable as a long term investment.

Selling everything will leave you dry and then you will no longer be able to buy at the higher price and you need to wait till prices fall again. I believe that if you keep a target price then as it is reached sell a fraction but dont sell all, if you see even more rise sell another fraction but still dont sell all. The basic reason is the same, if you sell everything you will have nothing to reinvest and then it will become hard for you to start trading again.

I think the OP needs to know that bitcoin is as similar as any other fiat currency. Just a whole lot of technical differences are there between the two.

Otherwise you can buy/sell them (trade), try to mine them if it is feasible at your place. You can even invest coins in a legit investment and you can also spend them to do shopping in many online and physical stores.