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10161  Economy / Economics / Re: Bitcoin vs Gold vs Cash on: November 19, 2016, 08:07:40 AM
I will go with bitcoin because always wanted to invest and it is only here where I have experience success. I have cash but only up for my daily expenses and expected expenses but most of my savings are in investment and big portion of it are in bitcoin.
10162  Economy / Economics / Re: Bitcoin or gold? on: November 19, 2016, 07:47:06 AM
now gold is quite promising, moreover, it is accepted throughout society and is particularly suitable for long-term investment. but this time choose bitcoin I guess is a good thing, because it looks like bitcoin prices are rising, so it is nice if the investment in the current bitcoin

correct gold is for long term investment. but for me, bitcoin can be the same as well because I compare bitcoin as the emerging of internet - internet is for long haul I believe. Bitcoin can modern microsoft, it will be here like forever same as gold. I hope I made my self clear because I keep on repeating on my points Smiley
I need to ride with the future, gold requires me to invest a bigger amount of money so I will not consider it for the mean time. I see more opportunity investing in bitcoin and I will risk my money for the future of bitcoin. Some says, gold is safer as it will guarantee profit but I like to take bigger risk for bigger reward.
10163  Bitcoin / Bitcoin Discussion / Re: What would happen if BTC was Banned? on: November 19, 2016, 07:41:39 AM
I think it will only affect the public companies trading in bitcoin, will not affect users that much because they will still be able to keep it, also trade with other users in hopes that the ban is just temporary and its gonna be lifted eventually and then they can make merry with it.
But the price may gown for sure.
Not only that, we will lose the chance to gamble freely. Bitcoin has really help us gambler to make it easy on us to gamble anytime and anywhere as long as we have the internet. If it's ban then it's illegal and bitcoin will loss its popularity.
10164  Bitcoin / Bitcoin Discussion / Re: Will Bitcoin be replaced by another cryptocurrency? on: November 19, 2016, 07:35:40 AM
We can not say that bitcoin was always on the top but we need to believed that bitcoin would gives us income everyday in our live and every time we collect bitcoin since bitcoin is on the top we need to take it advantage to earn more money.
currently bitcoin is on top and and hope that it will remain on top we can speculate that. as in our area there was not a single shop who were accepting bitcoin when i join bitcoin, but now we can see that there are 3 or 4 shops who are giving bitcoin service. then accept bitcoin for shopping, on other side now i can recharge my mobile and can pay my utility bills using bitcoins.
It will as long as we continue to buy and push the demand, there are a lot of industries that are making bitcoin great especially the gambling sites as people always loses there money hence it increase the demand, try to imagine if sharks will be using bitcoin then it will make demands.
10165  Economy / Economics / Re: How many BTC will make you a fiat millionaire in 5 years? on: November 19, 2016, 07:25:11 AM
I agree with the $1000-$2000 range so in my estimation 500-1000 btc to get you there.  If it goes to fast the pendellum will swing back and ultimately crazy swings are not good for something you consider a store of value.  Either way here's hoping that it keeps going up (slow or fast)  Cheesy
Me, if I can only successfully save at least 50 BTC a year I will be millionaire in 5 years. That's my dream and my goal now, we are not living in the same country and I tell with that amount in our country, I do not need to work anymore and will just focus on taking care of my family.
10166  Economy / Economics / Re: If bitcoin price is $10.000, will fiat be worthless? on: November 19, 2016, 07:21:32 AM
Of course. The Fiat system will crash and Bitcoin definitely becomes a new world currency. I do believe in this theory. Just look around you, the number of people using bitcoin is increasing significantly although the Bitcoin price is only 750$.
yeah it would happen where the bitcoin price will be very high when something terrible happens in fiat, but for that to happen I think is impossible, fiat very strong and supported by all governments around the world
Seriously dude? What I know is that we are still relying in fiat, otherwise the title of the thread would not have the value of bitcoin. One question, what is the value of bitcoins now, is it in fiat or not?
10167  Economy / Gambling discussion / Re: What is your gambling strategy on: November 19, 2016, 07:19:00 AM
I have reached to conclusion random bets are best way of dealing to every kind of gambling. I have divided a 75% and % portion of my gambling for sports betting and casino gambling games. I don't call this strategy as there really doesn't exist any in gambling all are polishing your chances by taking appropriate option which is based on logic in sports betting.
Spending more time and bitcoins in sports betting than other gambling will definitely get you considerably good amount of profits. Then this also must be a good strategy in my humble opinion. How do you tackle and have you manage things are the strategies we can have in gambling.

We can call all these as strategies or as gambling management techniques.
In sports betting you have a great chance to win because you can cap the games and along the way you can improve your skills unlike in luck based games where you are only hoping you will be lucky, and in most cases we are not lucky plus the house edge so we lose.
10168  Economy / Gambling discussion / Re: To Gamble or To Invest? on: November 19, 2016, 06:57:00 AM
Gambling and to invest is just like throwing money but there are consencenques that you make face too in investment if that investment is really worth to trust like casino and accepting investment and there are already big names then you can really trust your money there although you say that you can really make profit there and in gambling you could lose money there any time when you are greedy and it can't really help your self on that.

Your post is too difficult to understand Sad. Anyhow, what I understand from you is that playing/investing on gambling site is like throwing money. Well, if you're right, I'm sure that there will be no gambler that roam on many gambling sites.

I may agree that gambling will be a wasting of money if you know how to enjoy your free time with other activities. But I don't agree that investing is also a wasting our money because all investments will come with some risks and we should take those risks to grow our money otherwise we can't grow our money in the long run.
Both are wasting money if you are do gambling then you are wasting money and when you are investing your money too your just like donating it to the owner investment website is shceme that your just like earning from your own money while waiting for your roi and if you really enjoyed playing gambling then it much more better than investing you have control on your money.

well it's quite different when you blindly stake your money on bets and you stake your money on something, which you know is risky, but had a careful study and research of. of course it's risky to invest but i think every investor who knows what he's doing would first check where his money is heading.
It's really quite different when you are blindly in your money and you don't value it and loosing it and then in the end you are going to blame your self to not to play in any gambling website Im not gonna waste my money just to have fun and to have a an instant money you need al to do is to work hard.
There's no one to blame but our self, if we are in gambling or trading we have to be very careful as anything can happen but it's good if you have the right knowledge and you understand what you are doing, the risk is there but with your action you can minimize the risk.
10169  Economy / Economics / Re: If you were in desperate need for money.... on: November 19, 2016, 06:38:01 AM
It depends on what desperate situation, I guess. If I had nothing to eat, then probably beg for the day and try to work for the next ones. I would do anything to live. If it's not that desperate tho, I'll work for it the best I can.

That's the thing that you must not do, that "you will do anything to live." I'm sorry but its come to my mind about those things that can't be good for other people because of that statement. Because my friends are telling that either and they are able to commit criminal act such as stealing. So maybe you should enlighten yourself about it, just saying.
yes we should not do every thing for our live, we should also care for the lives of other, we should select the same thing that we select for our selves and only then we can spend a socialize life. otherwise it is not possible to lead a social live in this world.
Doing bad things is life because you are in desperate need of money is not an excuse, you will still be arrested and there are times in life that you really need some miracle because you surrendered already and you trust it to God because he will do it for you to solve your problem.
10170  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin help poor countries? on: November 19, 2016, 06:33:13 AM
Bitcoin is not some kind of magic pill that can solve all the problems of the world but it can help individuals to protect their financial freedom.

When Satoshi Nakamoto created Bitcoin, the real intention was for Bitcoin to become this "magic pill". He hoped that Bitcoin will end the exploitation by the banking cartels. Still a long way to go, but if Bitcoin becomes popular, then it is going to be very bad for the banksters.
Even if bitcoin can help solve a lot of problems it cannot possibly solve all the problems and since bitcoin is such a new technology there is the possibility that new problems arise which are unexpected to everyone.

Bitcoin can only solve some monetary problems of people living in poor countries by providing them a chance to earn an extra income from internet if they can get to know it or if they have access to internet and computers, otherwise bitcoin can be of no use for them unless it becomes useful in physical world.
Why extra income when you can consider it as your main income, what you are talking is just simply doing a micro job earning small amount of money. I know it's big to them but admit the reality that we cannot accommodate them all here.
10171  Economy / Economics / Re: Bitcoin is Becoming a Global Currency on: November 19, 2016, 06:29:19 AM
Yes bitcoin is used all over the world but only a few thousand in every country if bitcoin wants to become a global currency i think is should be used by 1/4 or half the human population.
yes that is a fact that bitcoin is almost using all the countries of the world therefore to me bitcoin is alread a global currency. more and more  people of the world are entering in the filed of bitcoin and making bitcoin becoming more and more stringle
yes that is a fact that bitcoin is almost using in all over the world, but the number of bitcoin users is still very low, as most of the people still do not know about bitcoin. bitcoin still need good advertisement so that people may know about bitcoin.

No doubt about it bitcoin now is being used as global currency by those people who only know bitcoin but still we may say that it is still not applicable or quite sort of. But in conclusion, there are people from different countries that has been using bitcoin in the long run as investment, currency and trading platform globally.

Though bitcoin is used all over the world by people living in different countries, but it is still not that much a global currency as it is not yet legalized or used in many countries, i heard only about a few countries where bitcoin is used or accepted in physical world otherwise it is just a internet currency.
it does not need to be legalize to be called as global currency, the volume of supporters is making it possible and no matter this is not legal as long as it's no illegal also we can still succeed in the future. The fact that we have freedom in here then it would certainly attract people to adopt.
10172  Economy / Economics / Re: possible government regulations? on: November 19, 2016, 06:03:01 AM
Here in my country, they will terminate all of the online casinos soon be implemented. But people will always find ways to play online casinos. But so far theres no law that prohibits from using bitcoin here. You can use bitcoin freely here and hope it will not change. Bitcoin here is not that poplular. Only few people knows bitcoin. So the government is not that serious about adding some rules about using bitcoin.
some U.S states had made online casino illegal but the people still showing up somewhere on the site,even their access had blocked to such kind of site but they still can bypass it,i guess there's always a way,but if the government are doing it for the sake of their citizens' goodness,then it's fine i guess

It was because of bitcoin where we are not able to gamble easily, before some license gambling sites operates outside US to continue their business but since the trend now is online gambling, it is already easy for us to gamble anytime as they are operating 24 hours a day.
10173  Economy / Gambling discussion / Re: If you want to become Rich you need to Put Higher bets on: November 18, 2016, 12:38:05 PM
Off course , if you want to make profit much faster , you have to put high bets only. But this concept don't applies to every gambling website . I will differenciate them below.

#1 - Directbet - Winning amount is depend on the Odds ( × 100 or anything ) .If you bet 0.01 on cricket team and the odds are  × 500 , then you will win like 5 bitcoins by wagering just 0.01btc only.

#2 - Satoshimines - Here,  you can apply that concept easily.  The bigger bet amount , the higher winning amount will come up from the mines you will open while playing.

#3 - Casino , slot machine,  Roulette game , etc. Here also same concept applies.

That means if you will continue keep winning while gambling with higher bets , it will take no time to let you become a rich person.

Note : But it cannot be happen really , if you want are not lucky enough.

That was a nice suggestion. For me, I usually choose sports betting and I bet on the bigger odds like 1000 and using only my 0.001 BTC. It really sounds fun compared to betting in dice alone when the results is fast, I am a type of gambler who also want to enjoy at the same time.
10174  Economy / Gambling discussion / Re: How much time to 30 losses on a roll on: November 18, 2016, 12:35:14 PM
My unluckiest experience in Hi-Lo game took me 16 loosing stread before I ran out of coins to bet with. I think it only took about 10 mins before it happened. I think it differs tho so there is no exact time when you will get a loosing streak like that.
I guess mine was 10 times only, anyway I do not really play dice very often and every time I play I do not bet bigger amount like some of us here. I just use a bot and when my bankroll is gone I'll just stop and play again when I feel board again.

30 losing streak could lose your house if you are betting big.
10175  Economy / Economics / Re: Reason why you should Buy bitcoin now on: November 18, 2016, 12:13:14 PM
I see every day bitvoin becomes more expensive. I understand that this is a very good investment object. That's why I buy Bitcoin. In the future date of my investment will bring me profits

The Bitcoin exchange rates are extremely volatile. The exchange rate was $1,200+ per coin in December 2013. In 2014, it was mostly in the $500-$600 range. Then after a few months, it nosedived to $230-$250. During the last 6-7 months, the exchange rates have appreciated by around 200%. But I am not sure whether the momentum can be maintained in the future.
Let's suppose that you're one of the unlucky ones that chased the market and bought at $1200 per coin. It's pretty obvious that if you sell right now, you're going to lose money. I think even though the price of bitcoin decreases a lot sometimes, you just have to wait longer and wait for the price of it to pick up again.

Those people that invested at $1200 per coin most probably already did panic selling but I guess there are also some of them that are still waiting for the price of bitcoin to go more than $1200 each to get profit. After all, it's about holding your coins for a long time. If you don't wait for a long time, you'll either lose money or just get very small profit.
The most effective way to earn here is to hold your bitcoin, the more you hold it the more in increases it's value but that's not easy as like you said the price may go down and that think that it's normal in the crypto world but as long as you believe bitcoin will rise you are fit to hold.
10176  Economy / Trading Discussion / Re: What is your trading strategy? on: November 18, 2016, 07:57:22 AM
There are many great trading strategies out there, and purchasing books or courses does save time, but trading can also be a "do it yourself" career. Many traders spend hundreds or even thousands of dollars looking for a great trading strategy. Building strategies can be fun, easy and surprisingly quick.To create a strategy, you will need access to charts which reflect the time frame to be traded, an inquisitive and objective mind and a pad of paper to jot down your ideas. These ideas can then be formalized into a strategy and "visually backtested" on other charts. In this article, we go over this process from start to finish including the questions to ask along the way. Then you'll be ready to start creating your own strategies in any market and on any time frame.

Would you suggest Excel or other means of organizing data? You seem to be well learned in the ways of trading.
I actually use excel, easier to track your record and it's simple to use, you do not need to be good in programming as I believe it's very basic and even at real life work we are required to learn excel.
10177  Economy / Trading Discussion / Re: Beginner starting trading on: November 18, 2016, 07:43:25 AM
Well if you just wanna mess around and see how things work for yourself, your 4.291 mBTC should be enough to get you a taste of what trading is like. You won't be able to trade USD with that amount but you can create an account on Bittrex and experiment with trading altcoins. As for buying Bitcoin, I would suggest you have a look at Circle.com, my personal favorite, it's fast and super easy to use. Have fun!  Smiley
Me, I buy in my local exchange and it's easy also. I believe there's local exchange in our area so there's convenience in our part to buy bitcoin. In my case, I do not really rely on one trading sites alone because it's good to be safe, I like poloniex for high volume coins and yobit as well since they have big volume of coins which is ideal for newbie.
10178  Bitcoin / Bitcoin Discussion / Re: This School Accepts Bitcoin ! on: November 18, 2016, 06:47:16 AM
Wow even school now accept bitcoin now. I hope my school accepts also bitcoin as payments .
Bitcoin is for the whole world . what if the bitcoin is the money for the whole world?
That's always great to hear new development, the progress will surely continue because a lot of people already believe in bitcoin and definitely they also want to use this a way way of marketing more students to enroll since the payment is easy. I wish also I can see another industry starts to accept bitcoin now.
10179  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: November 18, 2016, 06:31:10 AM
Unlikely that Bitcoin will make banks disappear, because of the vast amounts of wealth some of these banks have at their disposal. They will simply buy the larger bitcoin companies and gain relative market share.

The smart banks will pivot and see how they may utilize the technology to better their systems, the stubborn banks will disappear perhaps. But not all of them, not by a long shot.
you are right , But still people's habbits will never make Bank disappear because people usually getted into bitcoin for fiat ( bank Money ) .
then how can we say that bitcoin will make bank disappear .
It will only happen in our dreams, it will never make banks disappear, we are just a small community and we cannot make the government disappear. It's the government that established bank so it's really impossible to happen.
10180  Economy / Trading Discussion / Re: What would be your recommendations when trading crypto? on: November 18, 2016, 06:11:03 AM
Even though, I've been several years buying, selling and even holding Bitcoin and cryptocurrencies there is one thing that I need to master yet and that is the ability to trade effectively any crypto in order to maximize profits.

Since crypto is highly volatile (especially alt coins), there is a good chance to make decent profit via trading.

Any good recommendations or resources that you could recommend me in order to trade cryptocurrencies effectively? (books, or any other resource)

I know one key rule which is buy low, and sell high but most of the times I end up loosing more than what I have invested initially instead of maximizing profits.  Smiley
I Suggest You to If You Want to Trade a Specific Altcoin then Firstly Know about the Market cap Of that Coin, Demand Of the Coin and Also See the Past Performance of the Coin....
After that I suggest You to Firstly Talk with a Trading Master Who is Doing Trading From a Long time.....
You actually do not have to say that because it's the basic for every trader should learn. Getting the right information will help you decide on the right way to do in trading. Do not just gamble and rely on luck, treat trading seriously as there's money in here.
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