The future of the bitcoin is good but not so good that paper money will disappear a bit but not fully in my eyes.
Maybe in the future this will happen, everything will be digital.
nope I do not agree, although in the future will all be very sophisticated but I think that cash will always be there, people will definitely need the cash no matter what happens People may always need paper money but that point is how much they will be using for their routine life. Almost nobody is using paper money in my office as we are having other facility to pay all of our needs. Yes, we can able to buy food with electronic money and we are able to pay the taxi driver with some in build their service specific electronic money. Paper money is just for the people who are yet to adopt electronic gadgets. I agree with you, of course people will always need paper money but probably will not be too frequent, perhaps when they run out of balance they may be using paper money temporarily You can tell it based on experience. In my experience, I have never end a day without spending my paper money, so that explains a lot. Although I want to spend my bitcoins but it's limited online and my needs can be found in the physical world. I have no choice but to use paper money and I guess many people do. |
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The problem with localbitcoins is that sometimes you are not online and then a buyer comes along... you end up missing the trade  So you have to be alert most of the time and not sleep If that is the problem then why just sell your bitcoin in a certain exchange site in your area. I do not see in localbitcoins but in our local exchange it's easy to sell bitcoin. Of course you have to pay the fee but that is just a minimal fee and I can just let go of it as long as it's safe. |
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bitcoins made my life better from before, i can get new friends, information, experience, and 1 most important thing is i can get more income from bitcoin  We have different experience in bitcoin and it affects with our life in some ways, some have a happy experience and have some not. What is important is there are a lot of opportunities here in bitcoin and we should know how to spot it and make it in favor to us. |
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Let me be honest here. I had been gambling long enough and I have made more than losing, not rich though, but I can say that I am in profit currently.
I think we should play it smooth and with calm mind, because playing it all of a sudden could end up in great loss and will get us nothing.
yes that is a fact that there are so many other people who are really making good money in gambling, to me those people who have some good experience in gambling and having good luck can make really good money in gambling, i have personal experience of that, as i have my friends who are making good money in gambling. i think people who claiming themselves still in profit after gamble for long time enough it's just categorized on the rare case , as mostly ended up losing = negative profit. or maybe lucky enough and just the matter of time to get busted if then they decide to continue gambling. Those who claim they are in profit is not a long time gambler, I guess no one is exempted here, we all lose in the long run unless you are too lucky. In gambling, our big problem is our self, we failed to manage especially when the game is too intense. We suddenly lose forum and out of the game plan. |
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There are many people who lost their money on trading, because trading is unpredictable job, in my opinion i need:
Method ( i must have system trading)
Money ( i must have management of money and risk)
Mind ( i must can control my emotion)
Tell me your opinions?
Yup. You're true. But better with patience and enough knowledge. Everyone should have good strategy to gain profits. And be patience to make some profits. Patience is not only what you need, you also need to have a deep knowledge to be able to succeed in trading, it's not as easy as we think as the journey is hard. Predicting the price movement is really hard and you also need to have some luck with you. |
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I have not really bought any bitcoin in a while, i have been mostly trading this last year. but i have been trying to buy today from localbitcoins and bittylicious and it has been a real challenge. they want photos of me holding cards on localbitcoins and on bitty they need about 4 different forms of id, what is going on. this is seriously restrictive to anyone wanting to get into bitcoin, like its meant to be pseudonymous but if the gate ways into bitcoin dont allow that people will be put off.  Buy Bitcoins in other places if you don't like what's going on on those particular ones. You said you've been trading this year, so why can't you buy Bitcoins where you were trading? Also I think you can find here on this forum people from a place near you or who are using same currency at least and buy BTC from them. trading is not always trading altcoin,you can also trading any currencies such as japanese yuan,US dollar,and any currencies,i guess when you're asking such question as "so why can't you buy Bitcoins where you were trading?" you're only considering altcoin coin trading while there's so many option you can choose for trading That's possible but we are in the crypto world so it's just right to patronize our own currency, we have to support it as if we do that it will also give us some kind of benefits. Trading with this currency is already one of the privilege we can get and if we are successful we will surely enjoy more profits. |
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There's not much of a reason why would you teach bitcoins to a kid. They have to be in school learning things that they need when they grow up. Teaching them bitcoins will just make them confused and forcing them to learn bitcoins will just result into having bad childhood experience.
I think it's enough to just tell them that bitcoin is an internet money. They can't do other things like mining yet. Faucets and all those micro-tasks are just a waste of time. They don't need to earn money anyway. So simply informing them about bitcoin should be enough for them to understand that you're trying to make money when you're in front of the computer.
I agree, bitcoin is an investment for now and it will not continue to be investment in the future. I believe have something more good to do than learning bitcoin, you need to be matured enough to understand bitcoin and to use it in a legitimate way. |
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Did not now the Christmas season produces more trading volume. Gotta be prepared for this year!
You always learn something new here. Thanks.
How can you ensure that during Christmas there's more volume of bitcoins? I do think the other way, because some might not trade but probably will cash out their money especially when the price is good right now and when this will continue by the end of the year. I have to agree with him. There will be less trading and there will be more of selling. This could lose the value of the coin. But we are not really sure. Depends on how will people behave. One more possibility is people buying their gifts in online store using bitcoin, that could be good for the coin will still be intact. Lot of possibilities and I think it is good as long as it is spent bitcoin. the possibility that the value will be more higher would be because of more investors to come in since they going to get some holiday bonuses and trade will be more alive when more and more investors will come in. Hopefully that would happen, and from now on it's good to buy and take advantage of the price in the short term. I do not see any reason that the price will drop, and I am very optimistic that the end of the year 2016 will continue to be a wonderful year for bitcoin. |
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What is the obstacles, challenges and problems that Bitcoin can face it in 5 years? How we can help Bitcoin to take more authoritative place in the world of currency system?
I think from the first rise of bitcoin until whenever still the same problems, - how to get massive adoption - security issues (hackers)Those factors will affect the price and stability of bitcoin Security issues is not a big problem because the network is very safe, you can tell that since we are putting our money with bitcoin. I think our big challenge is more on the adoption rate of bitcoin and I believe if we continue to support bitcoin time will come massive adoption will happen. It's a slowly but steady progress we have here. |
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I have $100,000 to invest but want to safely double it in a year. Any suggestions?
you may invest it to real estate/land, large companies' stocks like microsoft, google, disney, etc or you can holding bitcoin until the price go to moon again. I think which you give the option, in this, Land is better and also he has a big amount to invest, but stocks exchange is just like Altcoin trading, But in my opinion, now he has come in bitcointalk, so better is that just choose the bitcoin, actually, in bitcoin letter bit risk, and bitcoin is more safe-sound way, So choose the bitcoin, may be in future, You realize bitcoin is more better than others. Investing in land or real state is a very safe option but it no easy to double your money in it, since the safer the investment the less money you get, and the bigger the risk the greater the return. investing on property sometimes give you big profit if you just got a good properties and trying to sell it back at high price because it's all worth it for the buyer,especially if you buy some properties from a developing region and in few months the region gain its good economy and your property's value increasing Yeah, if you can spot and undervalued property and you grab it. It is more safe for me and since you can afford to invest it maybe you should venture in this kind of business. You can build an apartment in the property that you bought and lease or rent it for steady income. |
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I never have a hard time selling my bitcoin. The local exchange where I put my bitcoin always allow me to sell my bitcoins anytime and to be hones I can easily convert it to fiat and transfer into my bank account. I think you should look for a good exchange site in your area.
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It's hard to tell, but one thing I notice is that when Trump was declared as the new President of the US the price of bitcoin rallies up. I guess there's is something that we need to know on why that big news dictate the price of bitcoin.
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This can happen but not because of bitcoin having a high value but because america has fallen and dollar is very cheap. I do not believe bitcoin will reach $50K in our lifetime. Maybe in the far future, it can happen but we will all be long dead before that happen. I am already happy if ever bitcoin reaches 2K.
yeah I do not think bitcoin can cost as high as it was when the price of the dollar is strong and there is no event or any event in the world, I'm sure the price of bitcoin will not be more than $ 1,000I do agree with you, there are really some speculation of bitcoins price which seems too unrealistic to consider as you mentioned its not possible for bitcoin to reach up as OP speculated for about $50k per coin. Even if we say that making the full adoption of bitcoin it wont still reach up this amount. If it really does reach this amount it would take centuries for sure , if bitcoin is still alive. Let's see what the future can bring, but for $1,000 it's easy to make that happen as we are in the $700 range now and we are close to $800. I believe in the next few months including next year, we can see that price and let's just hope price will continue to rise. |
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The best time to become a trader is when you are financially, emotionally and educationally ready. Trading is not for all people though it is open to all who want to become one. There are certainly risks that is why we have to gain some education first and learn things along the way. To have some kind of a support can be critical on this endeavor. Hope one day I could call myself a trader too. The original post is quite inspiring especially for newbies.
hmm..I think the best time to become a trader is NOW. Always now since the early you started the better. Along the way your emotions is being moulded,also you become knowledgable based on experience and can avoiad any mistakes commited before. Always remember, esperience is the best teacher. Also, as you trade it build your confidence. Anytime you can be a trader as trading site is just waiting for you, regardless of your outcome in trading they will make money on the fees. But before you enter in the world of trading, you have to understand that the risk is always their and you can lose your money if you have not proper study to make a right decision. |
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I think it takes much more time to average results, for example, I m in my third week of investment at Betking and I all I get is peanuts on 3 BTC invested. I made like $3 so far on over $2000 invested. So more detailed and longer series s necessary in order to get to some meaningful conclusion.
Casino investments may take a longer time to show profits in our investments because if someone wins big, then you need to wait for recovering those losses and no one knows how long you need to wait. So instead of keeping all your $2000 on one site, split it into few hundred and put in few good casinos then you can expect better profit margin. Well, I admit, I saw 40% which OP reported and wanted to try to replicate that. With Betking, it s does NOT work. 3 weeks in, negative profits again. I ll wait one more week and then withdraw my money. We don't even know if the profits reported are real or fake. There must be a lot of long-term investors in Betking and other dice casinos which we are told have been returning two digit profits for a few months in a row, but I haven't heard anyone independently confirming that. That would be interesting to hear from them. And now you say that you are getting peanuts I wanted somewhere to invest and by this post, I chose Cryptogames as it had a pretty steady increase over time. It's been a couple days now and I'm at a 0.2% profit so far ^_^. I'll keep you guys posted in a couple days/weeks or so. how much you make deposit? do you make it for 1 bitcoin or less? i am still doubtful to make deposit and invest on gambling site if the amount is too high and i am too afraid to get loss all of my invest. If you are doubtful then do not put your money in gambling sites, we gamble because we want to have fun and maybe to win sometimes but one thing is sure that will give you a long lasting chance to gamble, do not put your money that you cannot afford to lose. Maybe gamblers have suffered the consequences for doing that. |
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I think you can save 50% your money and 50% you can use to invest the money. I think better if this can do.
saving and investing is really a good thing to do 50% on saving and 50% on investment, my question is what about on your expenses into your needs? How will you consider it? How will you survive? Its not really a wise move though because you put too much focus on your aims but you wont survive if you dont eat and dont have shelter and clothing. lol I certainly agree with you, that is the big question and most of the problems of the people. We cannot manage our expenses in life properly and when our income increase our lifestyle also change, I think to be able to save, we need to live below our means and in that way we can save money but it requires a lot of discipline. |
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Trading is like gambling. But in terms of risks they are very different from each other. In gambling your only chance of winning is only 50/50, also the house edge is your opponent. But in trading, you can minimize it depending on what you are trading.
there is also another difference in both of these and that is in gambling you do not have control that what will happen next and the bet comes as a surprise for you while in trading you can easily know and can predict from already and in this way you can control your earnings in trade. While trading is way better than gambling, you are mistaken when you imply that somehow we have control of what will happen next if you trade, that is completely false, since we have no way to know what will happen next, we can estimate what can happen but we will never know for sure. True! You cannot assure profit from trading because it still has risks! But you can lessen the risk buy studying about the coin you are going to trade and by having an strategy like when to invest high and when to invest low. Also, you can also add that you should invest on a trusted site which has lots of "whales" or what we know as big time investors  Studying means you need to allocate a lot of time to be updated of the recent information of the asset that you are trading. Therefore, as a trader if you want to make money, you need to value your time and if it's possible you need to make a good amount of capital for your trading activity. |
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Most gamblers say that it is safer to play in sports betting than a dice game and I think so too. We can play smart and use our skills in that way. Speaking of chances, it is really in favor of sports book having a high chance of winning, you are against of the other gamblers not in the house edge.
There is no such word as safe gambling even though you know the teams or players who are playing, you still don't have an assurance to get some profit from them. For each game, no one can tell who will win even though there are times that the odds are higher, chances are still uncertainty. The same thing as with dice game. if the game has been into a fixed game and even favor players will lose just bare in my mind that things really happening and inside gambling whatever game it is we can't control the game no safe place for us its a matter of luck and how you control that luck to favor for your side. That's always been the problem of the gamblers who primarily relies on luck, they loses in the end because luck cannot be with your everyday and all day. You will be more at risk when what you rely is only luck in gambling, you cannot win for sure. |
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house edge is never gone
Still, if you are able to control your bankroll well, you would be on the winning site
That is important and needed by the house so that they will able to completely support the operation of the website. And because of making the players lose, they will get profit so the favor is always with the house. And if you believe that the house always win, then why not be with the house and try to invest some of your bitcoins with them. Not much sites accepts investment on bankroll but there are reputable sites like bitvest , cryptogames , and etc . Needs huge money to get the profit from invest in bankroll when you can control yourself you will be safe on long run and get profit Very true. It just really takes some time and a huge number of capital to feel it. This is not advisable for those who are just starting, I prefer you go through some thread here about investing in gambling sites before taking that leap. Investing on the house itself would be really a good idea if you wish to have a good investment rather than playing on the site itself because as everyone claiming here house would really win on the long run and left those gamblers broke and lose up all their money. House does have the edge on beating you all the way thats why when we play gambling , we must be already aware on the risk. of course, nothing can be more profitable than investing in the bankroll of the casino. The more investment you put the more income you will generate, but when you are a gamble the more money you gamble the more money you lose, house rules and they have the edge. |
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management of money is not an easy task with all temptations flying around like black friday, xmas nearing and the alike discipline really has to be at its best. the best way would be use money on this that have important value to you
True. And people are also attracted by new technology such iPhone 7, new MacBook. And it is ridiculous when you try to buy new stuff just to fit this modernization technology. Be yourself and you can easily control the amount of money you have You have to control your emotion to be able to manage your money well. If you do not have the control you will not be able to manage your money well as you will be easily attracted with the things you can see, may it be a thing or an experience, depends on what makes you happy. |
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