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To say the truth I don't think it's important. Why do we need to use Paypal if we have Bitcoins that are much better to make transactions? If Paypal is smart they will surely adopt Bitcoin in the future, depending how Bitcoin continue growing, in the next years. At some point they will need Bitcoin to survive as payment method system on the internet, even if it's worthless for many people as Bitcoin is already better than Paypal.
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Why is it strange for you? Friends, couples and even friends like to play together at casinos. I have seen on the movies people going together to Las Vegas casinos to play. It seems very normal for me, it's like people who go to amusement parks, clubs together to have fun.
he considers this strange because in his country gambling is strictly prohibited. that's why he never had experience about this, the questions asked for us sound natural. but will be very different from those whose country strictly prohibits gambling. therefore they will feel strange That's true in my country also gambling is not allowed in all places so if anyone knows that someone is gambling then they will have a different thinking about those people. Gambling means always it gives a bad opinion. It is not compulsory that people need to accept whatever shown in movies but it all depends on individual thinking. Even if you gamble with your friends? The government are not allowing you? because in our country it is not allowed until you get a persimission on the city government but if you just play with friends or family and inside youre house they dont mind it as long as it didn't look like casino that too many gamblers at your house. Yes, people should have the right to have fun on their houses gambling if they want... I myself have already promoted games with my family to have some fun and bet money. Theoretically it's not allowed by the country rules, but does it seem a crime for you all? (And I think it's not strange). Sometimes we need to know by ourselves what is wrong and what isn't, instead of listening only what the government tell us...  |
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There is definitely a hidden element of scam/sham to it but that's what it is and it's how they make most of their money anyway.
I always stop after 10 losses in a row to limit my losses.
Quite funny though, I've had that happen to me at least 10-15 times but I have NEVER had a winning streak that high ever.
You would expect a winning streak to be as common as a losing streak (minus 5% house edge) but in reality nope.
Conclusions: Save up and get a decent amount of interest rolling in daily and then just use that to play jackpots or low bets with high rewards that kinda thing. Martingale never works for very long.
It's not a proof anyway. I always use their two faucets, FreeBitco.in and FreeDoge.co.in, I never hit more than the minimum reward at FreeBitco.in, but at FreeDoge.co.in I have a decent number of high winnings, it happens more often and it doesn't mean FreeBitco.in is cheating me on the faucet, right? I think we are just being unlucky.  |
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I was talking with a friend of mine about cryptocurrencies and he said: "Cryptocurrencies are anonymous?Nothing on the internet is anonymous.Having a bunch of dollars or euro in the pocket is the most anonymous way to store money.  " Damn,now i think that he is right and fiat money are still way more convenient ,despite all the inflation,banks monopoly and control.From my personal experiense 99% of the people refuse to believe in bitcoin and refuse to adopt it in their daily life.Any opinions? 99% ? Hhmm as of my experience it is down to 70% all over the world. Now that I am involve with bitcoin I am starting to discover numbers of people in our province that do, earn and beleive in bitcoin. But still those are only selected people. Mostly college students.Those who are engage in the internet. I talk bitcoin with my family and they just look me with a blank face. Some of them remains idle some of them, contradicts me much prefer fiat. Then one time, I an watching television he was interviewed by one of the anchor then he said "bitcoin is just scam". I am not really sure if he knows other digital currencies but I think he does not know it. Now in our public market, all vendors and store do not use or accept payment from ATMS, credit cards, etc. so they will also not accept bitcoin. Seems there are many Bitcoin's users concentrated where you live, because only less than 70% are refusing to use Bitcoins... I believe less than 2% of total population of the world uses Bitcoin, so isn't a surprise OP thinks 99% still prefer to use fiat instead of Crypto-Currency. If you have 30% or so of the people around you using Bitcoins you can already have a solid marketplace where people can deal among themselves with BTCs and grow their balances. |
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I’ve just invested a small amount as I am quite into making EV+ movements even though you can have short term loses.
I’ve found this thread when searching about it on the internet and it’s a pity that it is not very active. I suppose updates on returns were given to promote investment in the site, but they must have reached a considerable number of investors, so no promoting is needed any more.
Is there another way to keep track of returns of investments apart from watching oneself portfolio? I haven't found any.
I don't know exactly how you want to track it without watching oneself portfolio, but there is another thread where an investor show his progress weekly: https://bitcointalk.org/index.php?topic=1585408.0He invests in some different casinos (check newer pages of the thread and click the links). Another way to see statistics about this is to click on "Invest" button at your Crypto-Games account, then click the "Chart" tab. |
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this is why some people would rather keep their money than to store it in banks.
Well they are also facing risk their specially when accident appears on your house. I'd rather put my money on a bank that to keep it personally, well atleast my money are safe there, and I can get it anytime I want. I only not use my banks as my investments basically you can't make money with that but for the purpose of liquidity, I will go for the banks. Yes ... banks are not bad, they give convenience with various products, such as ATMs and credit cards. I am very helpful with the Bank, indirectly. just to borrow money in Bank I will think about it, I do not like the better interest I save. Depending the bank it can be good. Nowadays we must be careful when choosing a bank to use. As Bitcoin users I think we should find a bank that is friendly to Crypto-Currencies, because I know some banks that have already created problems for Crypto-Currency enthusiasts that used their services to move money from/to Bitcoins. Anyway the bank's politics always give more power to themselves... |
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I did not like it, it pays so much little, i think 99.99 % the faucet sites pay a misery and you can only withdrawal after a eternity. For a simple user like me wich would like to have some satoshi it looks impossible to achieve.
You can't become rich or earn a decent amount from any faucet sites. This faucet money basically is for trying their games and what you can do is use that small amount and buy lotteries and if you're lucky then you can win some decent amount but no guaranty that you will win a lottery. Slowly rank up your member level and join any signature campaign to earn some decent money. Yes and at this point the faucet is just one of the many features FreeBitco.in has. You just need to click once every hour to have 1 chance in 10000 to win $200, I think it's very good as it's free and the chances are higher than winning on the lottery. And don't forget BTC price is always increasing on long term, so the little satoshis you claim now worth a lot in the future. |
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So you could sell candies and cigarettes on the streets and convert the profit into BTCs later if it's more profitable for you... People who use faucets don't have anything better to make money from or they are doing this on their free time, not as a full time work. Newbies should try faucet and keep the profit for the future, also they can learn how to deal with Bitcoins and another Crypto-Currencies by using faucets.
Remember, it's not a full time job...
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I started with faucets. Bitcoin games and doublers which promises to double your bitcoin in a few days time but always end up scam. Faucets give large amount of satoshis before, thinking if only I kept them in my blockchain wallet I would have accumulated some BTC worth thousands today. Thinking back Bitcoin only costs ₱13,000 and now ₱300,000? If only!
I went for a similar path. Firstly I had a lot of expectatives thinking those doublers, investmet sites were legit and I could grow my faucet's earnings very fast this way. When I saw it was just a trap to steal money I lose a part of my hopes about profit with Bitcoins as faucets weren't profitable on that time with BTC pricing $400. But I regret now, because I should have put more effort on it on that time as I could make almost $30 daily easily (with currently BTC rates). |
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The biggest mistake I have learned from gambling was that Gambling it self is a mistake when you get into it you will just start betting your money in higher amounts and in the end you will lose your money so gambling is a mistake that I have learned so far.
It seems you haven't quite learned that much yet. The situation ypu have doesn't always happem to experienced gamblers. You can gamble with caution and be responsible with it. Though i'm not a huge fan, gambling the right and responsible way can save you big losses That's what you need to do in order to stay safe in gambling, you might lose but when you can manage your loses it will not affect you. It's addictive and we all know that but we should not allow that by learning how to control our emotion and always play based on our game plan, what's important is to have fun regardless of the outcome, that way you'll not become greedy. That is what I learned from gambling. To don't make my losses affect me, I stay on my budget, always spending only what I can afford to lose, if I lose all that money, only after much time I come back to play again. Doing this I prevent myself losing money I can't waste and that I can use for more loyal purposes later. Doing this there isn't mistake, you have some fun, test your luck and quit the game with dignity.  |
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I agree that Litecoin for bankroll investment is very interesting. What do you want, to trade or invest your AltCoins? If you want to invest I suggest you Crypto-Games casino. The thread below doesn't seem active anymore, but there you can find statistics of profit about each Crypto-Currency accepted on this casino. LTC did a very nice progress! https://bitcointalk.org/index.php?topic=1796062.0 |
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Little investors don't influence the price very much. Sometimes a big investor causes the same impact that 1000 little ones. I believe we have a false impression that we are responsible for Bitcoin's price as we don't know what happen behind the curtains. Theoretically we could make Bitcoin's price higher by investing high and making more people adopt it on their lifes, but it's not an easy task for many people to bring others and it's not easy to invest high as many people here don't have enough money. So I think we are just "extras" on this story, while the whales are the main-role. Little fishes in the ocean trying to take advantage from the whales moves.
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Did anyone cashout from this faucet with success? How is the payment made, directly to address or via micro payment system? Withdrawl fee is high (1 DOGE). And without captchas bots will drain this totally. Doesn't see sustainable for the site owner anyway. |
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I just watched a video on my social media about guys running a social experiment about Bitcoin in their country (USA), and they questioned strangers that they chose, this "Would you rather have 1 Bitcoin or 1 dollar?" and almost all of the people they questioned chose 1 dollar. Only 1 person in all the person they interviewed chose 1 bitcoin. This just proves that there still a lot of us who don't have a clue about digital currency. If I would do this in my country, I'm sure that no one will choose bitcoin over our local currency. What about in your country if you run this social experiment?
It's not relevant because he/she asked people who are not aware of Bitcoin. You can ask for anyone what he prefers between 1 dollar or XYZ, as he/she doesn't know XYZ he/she will choose a dollar, naturally... If you tell to people what is Bitcoin and its value, nobody will prefer $1 instead of $7000. But it's relevant to find out how aware are people on the streets about Bitcoins... If people were educated about this important subject they would know 1 Bitcoin = $7000. It's a golden chance most people are losing because their minds are only connected to worthless ephemeral things. |
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I see many people asking for opinions about ICO investments, if they are good, profitable or not and I see many people replying it can be good or not, you must have knowledge to choose a legit ICO, to find out who are the developers...
But I would like to hear successful stories about people who invested in ICOs and made profit. Please, tell what ICOs you invested and how much profit you made, if you liked it and if you still look for this kind of investment.
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I think this thread should be on Bitcoin Discussion section. https://bitcointalk.org/index.php?board=1.0You say that regulations are a need, Ok. Who will regulate is the local country administration, there will be needed people to work regulating it, what mean these people will want money to work this way and then we need to pay these people to regulate Crypto-Currency world. The wages of these workers will come from our profit with Bitcoins and as it's a really profitable world governments won't think twice before extorting a lot of money from this activity from its users. Doesn't seen worthful for me. I prefer the lack of security as now, but without being extorted by governments. I am not limiting this topic to Bitcoin only, I'm talking about cryptocurrencies in general, therefore I don't think this qualifies only for Bitcoin Discussion section. This section is about legit investments, not discussion. Most appropriate would be "Bitcoin Discussion" or "Legal" I think. Governments should recognise cryptocurrencies, that's the first thing to do. Whether they should recognise it as a currency, asset, property etc., is yet to be determined. It needs to be evaluated which way would benefit cryptocurrencies the most.
Isn't it already working fine? Why should they recognise it? Also, it's already considered an asset as people need to pay 15% tax over their Bitcoins and it's very unfair in my opinion. Just one more regulation and these 15% can turn into 20%-30% and even more. As you said, governments won't think twice before extorting huge amounts of money from crypto users - well, governments can simply ban the whole damn deal and there won't be any users to start with.
Only weak people would accept this kind of agreement. Communists used similar speech: You should thanks for your food, because I could simply let you all starve... Both alternatives are bad and doesn't mean we should choose only one of them. What I'm saying is that rational and smart regulation is way better than ban which is one of the main ways governments try to "regulate" cryptocurrencies now.
Rational and smart, that is good, but we don't have any guarantees it will happen (most probably won't), so better to stay like we are now. There are people working to keep the cryptocurrency running now, I don't see any problems if there are people working to keep the market legit and clear, monitor it. They will directly profit from the cryptocurrency itself.
No problem, just don't cut other's profit to do this job... Also, the network regulates by itself, there are independent people working on the internet to keep the market legit, we don't need corrupt governments taxing us to do a worse job, but more expensive. Having crypto recognised and regulated like current fiat currencies will open this economy for a lot more people, meaning A LOT more money will be brought to it, meaning A LOT less chances of the whole crypto thing collapsing, being banned etc.
Just because the mass population are fools that need the approvation of their government to do something, unable to think by themselves. When this day comes it will be the end of decentralization, as all these fools want is more state controlling and telling them what to do. I am not saying crypto should be regulated in the same way as fiats are now, it should still be decentralised and all, but some parts of it have to work together with the government to make this a WIN-WIN situation. Otherwise there's just no way to go.
I think the tragedy is inevitable. Only a government with the same Bitcoin's ideals could make this work in a WIN-WIN situation. Governments won't just sit there forever doing nothing, looking at ever increasing amounts of money circulating in the crypto market.
Unfortunatelly not, people should be prepared to break governments on the right time to prevent unfair regulations, but the few Bitcoin's enthusiasts have no power against it. |
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Well educated nation doesn't mean that this nation is fair. Well educated nation can be tricky and follow it's own interests.
Each nation will surely follow its own interests, since it doesn't harm other nations there isn't any problem about it. Other nations just shouldn't be so envious about the evolved countries and try to develop themselves as well instead of sabotaging these evolved countries with terrorist attacks, low quality immigrants and poisoned words about how the life is unfair because first world countries... Education is very important, but more than that: Values and spirituality that are necessary to build each nation solid since it's foundation. That is what prevent educated people being too much ambitious and harmful to others. |
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I think this thread should be on Bitcoin Discussion section. https://bitcointalk.org/index.php?board=1.0You say that regulations are a need, Ok. Who will regulate is the local country administration, there will be needed people to work regulating it, what mean these people will want money to work this way and then we need to pay these people to regulate Crypto-Currency world. The wages of these workers will come from our profit with Bitcoins and as it's a really profitable world governments won't think twice before extorting a lot of money from this activity from its users. Doesn't seen worthful for me. I prefer the lack of security as now, but without being extorted by governments. |
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I think a high percentage of amazon customers opt for the free shipping option which can take 2+ weeks. Waiting for bitcoin to confirm, on top of a 2 week shipping time may not be that much of an inconvenience.
The "scaling problem" could be a good problem to have. One way of viewing it is: "bitcoin can't be used to buy a cup of coffee and isn't ready for a prime time, mainstream, role". The flipside of that might say that if bitcoin's network lacks the transactional volume to cover all transactions, retailers might expand their platform to include support for other crypto to fill the vacuum. One perspective is likely over-optimistic while the other is the opposite. The likely outcome could be somewhere inbetween the two.
Bitpay green lights transactions on the 1st confirmation which isn't too bad.
Amazon accepting bitcoin would be similar to an official endorsement. If the public sees amazon endorsing bitcoin while banker CEO's condemn bitcoin it will create a divide, a conflict of mainstream opinion as opposed to the typical unified front the media is often able to maintain. That could encourage the public to research and learn about crypto more rather than believe the mainstream media angle of it being a bubble, which could be a good thing even if transactions aren't instantaneous.
Thinking this way it makes sense. We are not talking about perishable food items that must be bought and consumed fast, we are talking about other products that don't have expiration date, so there isn't any problem in waiting some days or even weeks as you said to have the product sent. It's enough time to have the transaction finished paying a lower fee and if the transaction cancels because a very low fee reason, just cancel the package as well, it works fine. And a big business like this can really make more people start thinking about Bitcoin and its advantages. There are many people who use Amazon services, but don't know or don't have interest in BTCs yet, but after an adoption like that it's possible that these people change their minds and spread the word about Crypto-Currency. It's good especially to make more sellers adopt BTC. Still merchants won't process your order/s until after a decent number of confirmations on your transaction has been received so if you put a low fee and it took a few days before it reached the minimum confirmations, your order could be delayed and might no longer fit to the stated free shipping time frame. So In conclusion to that I think its still a problem although I'm sure there are users who are still willing to pay high fees for fast confirmation. Why can the confirmation delay make the buyer lose the free shipping feature? |
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No, it's not trustworthy. They are Ponzi HYIP schemes, people who invest on these sites will lose their money or part of it. These sites appear and disappear really fast, when they crash, after sometime they come back with a new name, so it's hard to find someone who invested on this site in particular to tell you his personal experience, so we talk about our experience in general with this kind of investment. "Double your Bitcoins just in 72 Hours!" This is a Hardcore scam scheme, won't last too much time (if it didn't already fail). |
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