Still not impressive for small investors, we small investor want at least 5% per month if possible and the good thing about bitcoin is this year was great, we have increase the price of bitcoin for more than a 100%, now you can compared the growth of two this year alone. |
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Im using blockchain but i didnt like their last moove about tax the transfers between accounts, since the provided those service before for free as i do believe others companies does provide, its a stupid action to charge costumers that has more then one wallet for different things they need and use.
I can say we have different experience, I have been using bitcoin and transferring my bitcoins is different wallet but I have not experience any tax.. If I may ask, what country are your living? Because here in our country it's tax free at all. |
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The house edge is just normal to a gambling site as it is necessary for them to operate profitably, one of the most important thing to remember in gambling is that the odds are against us and it's hard to win in the long run, therefore instead of ruining our life because of our aim for money, just try to enjoy the beauty of gambling.
Yeah you have a point, instead of making more topic in this thread why not just enjoy what you are doing right now? Enjoy the moment when you are playing gambling and just take some good advises in your friends. And gambling is not good for those who need a daily profit, if you're thinking that gambling is profitable then you're wrong, there is a high chance that you can lose if you're not smart, if you're looking for fun and entertainment then gambling is for you, there are many people that gain more profit because they are professional and more experience. I could not agree more with you mate.. Gambling is not really a sure and easiest way to profit and do it for a living especially you are just starting to gamble. The reason is that casino have house edge advantage, period. Unless you are professional enough to gambling thing and you know how to do calculated betting sessions. There's profit in gambling only if you choose to invest but if you will play it, it's either you will lose all your money or win big. It's hard to beat the house when they have the edge and it's hard to be serious in gambling when we do not have the right bankroll needed. |
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Wonderful and amazing, i hope this can effect to other institutions to accept bitcoin, especially in my country that still banned bitcoin.
Your government will soon unban bitcoin if they know big countries are talking step forward to adopt in the crypto world, what we have seen is already a good example that bitcoin is the future as people are slowly adopting and now it's and institution which is big. |
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100% impossible because bitcoin is not accepted by all countries and there are many country which are against bitcoin. and bitcoin is not the safest form of money because it has limit of 21 million so this would definitely cause crisis.
That limit is what makes bitcoin valuable. Without limit, it will be just another fiat that can be printed out unlimited, slowing losing value. But even with that said, it cannot make banks disappear. It is not designed to eliminate banks but just an option. There are others altcoins with an huge supply and several new coins that after been mined can be staked and generate new coins, sure have a restricted number of coins should make it something rare, but some people already said that maybe bitcoin can cross those value in the future, meaning more bitcoin into circulation, i do hope they dont do such, but the core should do the best to bitcoin. Banks are following the world tendences, allowing several things to be done from phone at home, and their services are far away from what bitcoin can offer for you at the moment. Yeah because banks in the first place is centralize while bitcoin is decentralize. In banks every transaction will have to go through the right procedure and it's not fixed because it depends on the volume of transaction and the amount of transaction. In bitcoin it's fast because regardless of the amount transacted, we all transact in blockchain and the same as small amount. |
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It would matter bitcoin is an investment and we can earn money and our basis is the value of bitcoin to compute how much do we earn by collecting bitcoin every day.
I agree, if we consider bitcoin as our investment we always seek for the price increase because we buy low and we love to sell high for a profit.. I believe that the price will eventually be big in the future and that is the beauty of bitcoin. |
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I think gambling has little to do with wealth, I mean, both poor and rich people gamble, win, loose.
The difference is that rich people don't care about loosing as much as poor people do.
If you are rich you just don't know what to do with all that money, so you play; I think I would do the same.
People who are poor are having problem as they gamble because they don't know where to get money in able to sustain their gamble acts. But for those rich people, they have problem also. They are thinking in what things where they could spend their money. And that is very easy thing for rich people to gamble any amount they afford to lose because they have unlimited source of capital. So if a poor gambler because lucky and he becomes rich then he will keep on doing it. Honestly I like the problem of the rich base on your example, problem on how to spend your money than problem on where to get money is more appealing, I wish I was rich, does not matter if I have that problem on how to spend money, it can easily be figured out. |
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It is okay,though not at speed of light, at the present rate it is good, those people complaining about slow transaction are those that doesn't know what they are doing, they need to input the right transaction fee for fast confirmation
Or maybe they know they can send it faster with an altcoin and not have to pay any extra rip off fees.  Test LTC or Doge if you like China controlled coins, you'll see what I am saying. After using them , you will know BTC is a slow crap coin.  If you compare them with bitcoin they are faster because the volume of transaction is much smaller, but it's not the issue here, bitcoin is still fast compared to the payment processor that it can compete it's value. In the crypto world it's clear that bitcoin is the most trusted as it is the most progressive. |
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Knowing that the games are designed with house edge to help the casino win, i would choose invest so that the house edge will be on my side. And i dont even need to do anything to gain more money. Best of both world.
I also wanted that house edge will also be on my side, I also think that if I invested in gambling sites that is good to gain profit, I think I can manage my loses when I play gambling and even if I play gambling over and over it will be fine because I also have income because if the house wins I also win!  No question about that, you will certainly gain profit by investing in gambling sites because they are created to make profit, and there are a lot of gamblers who are willing to lose their money just to enjoy the game, I guess that's an opportunity you have to take.. |
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One of the best way to make sure that gambling to be profit is that you dont use your own money to gamble. So one way is to gamble with faucet, although it is very little but it can cure those who have the urge to gamble.
But you forgot the main thing to mention is time need to spend to collect those small amounts to a gamble. You need to have a lot of free time that's why maybe it is good to spend to collect those small amounts from faucets to play. But for me time is money and if you utilise that free time properly then you can earn a lot of money online instead of wasting time to collect faucet site coins. Yeah exactly, what sort of logic says that you waste your whole day online by entering captchas and whatever you ear give it to a gambling site. Seriously I am sorry for those who do such things. I think the best way to make gambling profitable is do arbitrage betting, but you need some extra knowledge than with what you were doing with gambling so far. That would easier said than done, it risk free however it requires you a lot of time to focus and finding what you are looking for. It's possible in sports betting and bankroll plays a vital rule, you will not find a line that you can arbitrage regularly so you have to grab any opportunity you may find. |
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You can consider it as gambling in my eyes because it has some mayor risks and that is with gambling and trading the same so, yes I think it can be considered as gambling but I must say that the profit is very attractable.
If you go for trading without any knowledge of trading then surely it is same as gambling because you will by trading just by guessing price may go up or down and results only depend only on luck. But if you have knowledge and can go for long trade then it is a different story, and you can make some good profit from trading. As per me both are not same if you manage it properly. Agreed, if you don't have enough knowledge in trading or enough seminars about this it will also become risky like gambling, NO assurance and NO plan at all. You will also lose money here or worst bankruptcy. There are a lot of information and seminars online where you can learn for free, so for serious gambler it's just right to have a continues learning if we want a continues income. At first it's hard but when you learn the basics and your experience would help you, you will be successful in trading. |
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Its a bad day for me, I lost all my 3 bets tonight. The raptors vs kings game is insane, it should have counted that. Its the first time for me to never won any bet in a day.
If that game goes to OT I might have lose my bet, that is gambling dude, you cannot do anything about it as there are days really that you are unlucky. Maybe we have an opposite luck today, because I won 3 of my bets.. Anyway, there's still another game tomorrow. |
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in fact bitcoin is anonymous and no one know about the actual number of bitcoin users and their identity, so if the number of bitcoin users in china are more than the rest of the world, and they all at the same time decide to sell or buy more bitcoins then they can manipulate the price of bitcoin. but i think it is just impossible.
Blockchain is a Shared General Ledger , Hello it is not anonymous, once your real name is tied to one address, they can track you from there. Buy or sell any BTC on an exchange, then they got you. Anyone that has ever does business with you, they got you. Cross Referencing is some serious stuff, and 99.9% of the populace can't hide from it. All Markets can be manipulated, if you have the leverage. http://www.zerohedge.com/news/2016-04-14/markets-are-manipulatedhttps://www.corbettreport.com/how-the-markets-are-manipulated/http://www.gold-eagle.com/article/markets-are-manipulated-so-get-out-nowhttp://www.businessinsider.com/criminals-are-manipulating-the-stock-market-and-regulators-cant-seem-to-stop-it-2015-8Google markets are manipulatedAfter your read over 10 Million articles on it , you might realize not only is it possible , but happening every day. Not really, we can still be anonymous because not all people are using static IP address. In some countries, they shared connections in prepaid Internet and with that kind of services, it's hard to trace who are using such. |
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I think those that buy and hold will always make a profit as long as you hold for a few years. The deflationary characteristic of bitcoin almost makes it definite as long as bitcoin doesn't fail.
All the time that buying bitcoins will be profitable after holding it. So if you are that a very patient person and you have a stable source of income, then holding of bitcoins can be another platform and good investment for you. Whether you will hold it just for days, months or even year. Still that will help you to generate income. Patience is important alongside with our capital, holding a long time is beneficial to us if we have a decent investment so by the time the price will increases we can cash out a big amount of money. We have seen the trend already and bitcoin's price is increasing. |
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If you are smart you will know htat the only way to beat the odds is to stop gambling, if you don't want to lose money then stop gambling and get some boring and safe wage job, but some people don't want to be working until they are 67 years old so they like to gamble a bit, sometimes it goes well and you may retire a couple of years before, of course you can fuck it up and end up badly but that's the game.
Casino designed game in such a way that you are always in the disadvatange. That is why casino can earn a lot of money from your losses and they thrive to be bigger and better. Gamble cannot be used as a career unless you are into poker and sport betting where you can use ur skill to improve your chances. Under the situation we can never really win in the long run, therefore, it's good to only play for fun. I guess it's just easy to do it if we are just not too greedy, being greedy is the main reason why we lose, there are other legitimate ways to earn money but not gambling. |
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As long their price keeps cheap, and they do offer security to the investors, China will alwyas have control over bitcoin mining process. Besides those bitcoin has several big whales that can play anytime affecting bitcoin value, as well early adopters.
One thing is certain is that China has own good mining business for bitcoin but for the big whales we cannot determine which country they are representing because it's anonymous by nature, whatever the price is, it will still good for us as adoption continues. |
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Banks will change or go under but they won't go away. They will always find some service to provide that someone else will want to buy.
yes i agree for your opinion , i am believe that bank always used .. because bitcoin not yet function like bank Why would you want Bitcoin to function as a regular bank? More important, what is Bitcoin according to you missing since you want it to be like a bank? You can send and receive money 24/7 instantly without the need of a middle man, you own everything in full, it's a great tool to avoid interferene from banks and governments. Only benefits. That's why I don't understand what you are missing. Or probably.... You are not getting any interest on your coins as it is, is that what you are looking for? I have always though that bitcoin is a great invention but it can also bring fear to some people since now you are completely responsible for your own financial success, when your money is in the bank there are some things the bank offers that bitcoin does not, like interest rates or savings protection, for people used to those things leaping into bitcoin may seem like a risk and even worst since you are on your own. The interest you are talking is not really beneficial to us because the bank will use our funds to lend to their clients and we are just paid a little interest in return while they get the big amount. What they do is they also risk the money that they raise so why not just for us risk our own money in bitcoin, at least here we have great return. You deposit your money in the bank but don't bother for the interest because it's not really that big enough to consider as income. Deposit for safe keeping while invest in bitcoin to increase your income, it's easy as that but you need to take risk if you aim high enough. |
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Hi I wonder about the demographics of bitcoin. Who uses it, race, location, gender?
I read the coindesk paper on it, but wonder if there is some other more updated documentation on it.
Regards
I think bitcoin is used by so many people in the world, different skin, culture, language and gender. But I think the most of them are people in china, becouse there are the biggest minning in the world. Yes, it's an international currency that have a lot of power on internet. China have a lot of mining power and that's not all, they have a lot of people that use the coin. Maybe I can disagree about the gender, I don't see much women using the coin. I agree with you. Russians are very interested in Bitcoin as well(they are everywhere! PTC sites, Gambling sites and faucets.). But there are a lot of people who don't even know what Bitcoin is!(me included until a month ago, I knew nothing about Bitcoin, I haven't even heard about it). It takes time, it will just come in the future as long as people will continue to use bitcoin. It's normal that some does not want to adopt because it's still risky as you can see how the price move. It's a good investment but for big risk takers also, and bitcoin as well is a good currency we can use in gambling sites. |
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but for the sites, they are legally forced to not allow minors on their site and with bitcoin they can not know if their visitors are legal or not.
This is a poor excuse to force individuals to use plastic money. What if an adult transfers his credit card to a minor, and then the minor use this card to purchase porn subscription? They are trying to force us to use credit cards and giving silly excuses to cover it. There's so many porn sites now offering satoshi!view this and you will get 1000 satoshi!what a modus!aside from this, nowadays many porn sites also offering live pornographic views, all you need is to pay..and now bitcoins is also accepted to them. Its easy for them to accept your payment because they can see your payment just a few minutes. The sad thing about this is even minors are now being use. It's like a faucets in different method but with one purpose, they just want you to try their service until you get attracted and spend your bitcoins for their chicks, I guess there's no problem with that as long as the girls are beautiful and you get the value of what you will pay. |
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What would you do?
Move onto another coin?
Cry all day long?
Throw your computer in the pool?
Eat 100 bananas?
I don't know what is your trying to pointing out regarding about your question. In fact, I don't wanna be rude for the people behind this topic, but it is most likely none sense for me to answer that question. Because most people here are bitcoin enthusiast, and for sure even the person behind this question was a bitcoin lover too. Though we are all bitcoin enthusiast you cannot take away the possibility that bitcoin might not be successful in the future, we have to had a advance plan so we can still continue our life even without bitcoin, for sure if bitcoin dies another crypto currency will rise. |
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