It's because of the big profit you get when you win. And when you lose you want to make that money back by betting more than the amount you lost to recover it. It's a vicious cycle unfortunately.
That's what we get when we are too greedy in gambling, if we cannot accept our loses most likely we can make a bad decision like chasing bets and when we do that, it gives us a big problem as we are already playing with rage and we cannot think clearly to carry our mission in gambling. |
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No I'm not rich at all due to the fact that gambling is for the enjoying I never gambled to get rich.
In fact I also do not think that getting rich from it is possible.
It is still possible to get rich from it but it is so small chance for it. Look at the winners of Lotto, they still win right and get rich, but that kind of winning is full of luck and the person who won is very lucky. But at least I still made my point here that even for a very very small chance, you can still become rich from gambling taking into account the luck that you must have. Exactly, but still we dream to be rich in gambling and somehow we are still finding ways to make money in gambling. Maybe we have a warrior's attitude that it does not matter how many times we fall but how many times we rise is more important. And it is not foolishness although we lose but we can still let go of it. |
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it can be happen if government accept bitcoin in their country and i think global can accept it as well  because bitcoin has high value than a us dollars and much profitable. The sole reason why you think that bitcoin is so profitable is because you're getting paid in bitcoins. If you're getting paid in Euros, you'd say that euro is more profitable, right? There are other things that you can do in the real world and I think fiat actually pays more than bitcoins. You get paid for 10$-15$ per hour in your day job while in bitcoins, you only get paid a couple of dollars per day. Globally, people can receive and send bitcoins. Not sure why did you even have to mention that. You are free to use it and the government can never change that fact. Not all of us here are working for money, most of us are trading or investing to make money, and we can say that bitcoin is profitable not because it is the type of currency that we receive but it is giving us more opportunity to make money online. With bitcoin we are connected since we are only using one currency. |
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So guys, after 2 years of trading i am going to stop. (unless i have full time to trade, which i currently don't)
I have calculated all my trades on the various platforms i have used in the last couple years.
Deposited: 47BTC (roughly)
Withdrew: 40BTC (roughly)
Overall i am happy with the results, i would pay 7 BTC anyday for what i have learned so far.
Now the question is: what the fuck do i do now with my money.
Lol it you lose doesn't mean you need to quit in every time NO = next opportunity don't lose faith and hope everything will be alright if you are going to quit that early you will not complete what you dreamed for don't mind if you lose or make you profit the positive side will make you rich someday and for that mistake you will learned something. Not necessarily as you might learn from your mistakes, but it ain't always good to just try and try and takes a lot of courage to leave it... Losing 7 BTC and then stopping is still a good decision because just think, what if he would have gone into complete loss??? Quitting is something we have to do when the situation does not favor us anymore, a real warrior also know when you retreat because it is just considered like we are fighting in a losing battle. The decision of the OP is just wise to stop while the loses are not yet too big. He can still recover if he will venture with another investment for sure. |
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Gambling can be considered as wrong but it also depends on your religion and how you are doing it what people already said.
If you enjoy it its not wrong but if you are doing it for the money its very very wrong!
Even though you are enjoying doing gambling, still it is wrong if it does have a bad effects on your living especially on your financial stability. It can only consider to be not wrong to do, if you make a control of your self actions, the amount you bet, and the time you spent on it ( should not affect social responsibility especially with the ones who have a family) Only play with control of your self, and only bet what you can afford to lose and does not affect you financial status. It cannot be called that you are enjoying if you are ruining your life because you cannot afford to lose what you are betting. This is fun but only up to the amount that is intended for entertainment. Some people are telling that gambling is wrong because they do not treat gambling that way it should be done. |
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Our behavior is the biggest problem and it depend on our expectation what we want to win from gambling, people get greedy when they start winning with gambling and i think it is really hard to make stop ourself in that kind of condition and it is very long period to give up it, that is why gambling creating a lot of problem in our daily life.
And yes it all happen only when you don't have a control over your self and control over your tolerance in your bet amount, that is why when we win we should put some amount to safety and some of it to gambling but that does not mean that we should spend all of our winnings back into gambling. I believed that another thing that keeps people hold unto gambling are the hope of getting back the sum of the money that they had lose in gambling. And by that it makes them addicted to it continue hoping those bitcoins to win it back. You can only tell you are winning when you are positive the time you fully quit in gambling, what happen is we have temporary win because there are times that we are lucky also, but that luck is just for one time as the next time we gamble we still lose. We are all subject to losing in the long run. |
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Yes of course I do consider trading as gambling. You have the same risk to lose all of your money with trading so it's a similar thing.
Logically is not.If it is,then share market,gold investment,real estate investment or any other form of investment supporting demand/supply paradigm should be considered as gambling.Makes sense ? Gambling is directly proportional to luck,no one controls your luck (not provable fairness actually controls).On the other hand,trading is totally dependent on the market prices .You cannot create a scarcity in the market unless you're President of America.I don't think trading projects any form of gambling.It has been carried out since day 1 of the globalization and always will.Little do you know that bitcoin contributes to only a small part of it. Yes gambling is purely based on luck and no one predict this when we get luck. Some times we plan to stop betting because of continuous loss but in that time our luck will work and we start to win our betting. So in both trading and gambling we need luck and both are same. Both have same risk. Not all gambling games are based on luck, some of it are also a skill based like card games on an online casinos out there, take into account the card game poker, wherein you need a good thinking to win the game, and a small part of that game is only affected by the luck that you just had said. Luck based games are the ones like the dice game, roulette, or slots, wherein you don't have a control of the result even for a small part of the game. That's true, there are games also that is based on skills and we have a good chance to win in the long run if we have the skills and it would be easy for us to consider gambling as a way to earn a living. It we are good, it can be similar to trading as well, so we need to work to be successful. |
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Exactly, mining will be eventualy stopped when the final quantity of Bitcoins will be reached. But by that time the number of Bitcoin users will be very much increased so the demand for the coins will be huge. That will also affect the price which will also be significantly increased.
So, no, Bitcoin is not destroyed.
But that will happen too far from now, but yes that is going to be the result when there's no more halving that will happen. But that is not going to make the bitcoins destroyed as you said, this is going to be the better thing for us as the bitcoin will be no more supply in the chain and lucky people who will have it eventually. That simply boils down to one thing.. INVEST!!!!!!!! Never wait for the time that bitcoin will be expensive and your earning potential will be lowered. Now is the only time to buy bitcoin so we should not hesitate on that,, I am right all the while that this halving has brought good success like what happen to bitcoin now.. |
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Yes that possible if you have enough capital to trade in bitcoin buy now and wait that time to reach the price you desire. But if you want a profit while waiting the bitcoin price rise do trading in alt. Many altcoins have a potential to goes up so trade in alt to get a profit for you to grow your bitcoin.
I agree with your opinion and with trading altcoins or bitcoins to fiat there is possible to growing our bitcoins up to 1000 BTC if we can make profit consistently from trading although it will become difficult until happening and need a lot of time. I also agree but who's ask this thread, he is also know about it that if anyone have enough capital than no problem to make 1000 bitcoins even more it. But i think in this thread the point is that how we can earn a big amount from use the letter amount. So in my point of view, it is impossible to earn 1000 bitcoin with a letter capital and If anyone have big capital so he has no need to ask us. Right, because if anyone have already enough capital, than why he choice trading, better is that hold it and wait for price increasing, only buy the 100 bitcoins and no need to invest and also no need to do trading, only holding is best for bitcoin wise. If i have 100 bitcoins than definitely i will prefer to hold bitcoins, because its price automatically increasing and it is a simple way to make money. Actually if you are good in trading you can make more money than holding your bitcoin for a long period of time. In being a day trader, you have a chance to earn big money even on a daily basis and for me that 100 BTC is quite good enough to make at least 1 BTC a day.. Again, that is only if you are good in trading.. |
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It's better to have more options, not just one. If you fail with Bitcoin, you gotta have backup options. Not to mention that having a lot of money in one account is very risky and the target for hackers and scammers. Be careful about that and find more opportunities, not just one.
Agreed, also it is not a good way for a good business, to take a high risk without know can make money or not, and also as you said many hackers and scammers are here to scam us, So Now in this case, only invest that amount, which you can afford it easily and if you get lose than handle it, also it is not valid that total invest our amount into bitcoin. Even we like bitcoin, and we know bitcoin is a name of making money. Hackers cannot steal our account if we will secure it fully, we have two option to store our bitcoins it could be by online or offline or even both. Just keep yourself updated on the latest security features to protect our bitcoins and we are good with our investment and we can sleep well at night. |
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Nope this won't gonna happen because bitcoin and bank are not related to each other. Bitcoin server purpose of transaction without fees I mean less fees and bank charges heavy transaction fees but generally we use bank to store our money because it centralised and problem with decentralized is that if system get hacked then no one will come to give back my money.
Exactly, you cannot make this two different things work together. Bitcoin and banks has a lot of uniqueness that if we will consolidate the two ti will create a lot of problem. Bitcoin is operated by the interest of the people while bitcoin is operated and controlled by the government. That alone cannot be consolidated as the government would always want us to comply. |
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Victory in gambling relies heavily on luck. Indeed, in some games require skill like poker and sports betting. But all returned to luck. Although the gambling takes skill, it's not much. Which dominate the victory in gambling is luck.
Gambling really based on luck - the strategies that professional gamblers execute are just a way to mitigate losses and getting more chances to become lucky. Hence, if you are just new to gambling, better not bet randomly and aim to earn for profit unless, you are planning to train yourself to become a professional gambler. But I don't see any professional gamblers also can't win always because luck is the super in gambling so most of the time it will win and only sometimes these professional gamblers will win. According to me, only luck can bring you money in gambling and no other things. So don't chase down the luck in gambling because you may lose lot of money in that process. Professional gamblers has all the means to be successful, they have the decent bankroll plus the attitude required to be successful. They are different from us as they treat gambling as a business and they are like in investment although they are playing it. Maybe we should learn from them to have a chance of success also. |
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Well if bitcoin we are monitoring as a sample this is just like the same as last year that the price is going to increase like just now we are seeing the price increase and i think the price will increase more in this coming months.. so base and my experience for analyse the chart from old to new there is a little the same so i think skills and luck still both needed since we dont know what will happen in the future.. but i hoping that the price of bitcoin will increase more..
Yes, up to the point of finding out an entry level for our trading we must be needing skill. Once we entered into market, we do not have any other supporting thing other than luck factor to get us profits. We may use our knowledge to minimize / prevent the losses but for making profits the must be depending on our luck only after placed the orders. We can only rely to ourselves in trading as we are investing on our skills to do it, without skills we will not succeed for sure as trading is a very unpredictable job and most of the traders who success does not achieve it in an easy way. It will only be easy after all the hard work because we have learn a lot be good to make profit. |
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Well, one should always have three to six months worth of monthly expenses saved up to be safe. After that is accomplished, it's a good idea to start investing into some sort of long term retirement plan. But, all of this is dependent upon one's economic situation and their ability to maintain a living wage....it will be a different situation for different income brackets.
Saving should only be priorities over investing, our capability will be test if we will be able to save or not. Investing is something an opportunity that we need to consider although it is risky as it takes money to make money, however if money is important to us we shall be making the right research. |
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i have apply signature but not yet be accepted. why? the are explain me about it?its had two days latter
After you apply for signature campaign. You have to wait for few day for their reply. They take little more time to review your post because to many user are apply for signature campaign. Just like that you are applying for a real job which you would need to wait on the decision of the manager if you would be accepted or not and it really depends now on your post quality and active participation on the forum because these are the major keys or requirement for you to be selected on their campaigns. Just keep updated to the thread of a certain campaign that you were applying for. Back to topic anyone could really start their own campaign as long they are complete on the things which a sigcamp need. Exactly, the rules always apply and in my employment time, I always follow two golden rules which are the following: 1. The boss is always right 2. When the boss is wrong stick to rules no. 1 |
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The best recommendations for newbies in forex, bitcoin or other arbitrage trading is sound money management. Note: there is know any strategy that work hundreds percent but good money management will save you from bad trade, maximize your profits and lower your risks.
Yes, money management is more important but it needs to be done along with a better trading strategy. Because, money management has only supporting role on profit making and but plays a vital role preventing losses whereas trading strategy has the main role of generating profits. But, we never ignore money management as it will help any trader in preventing losses. Yeah, know how to manage your money and you will have a good chance to succeed in trading, a good money management is something that will help you make consistent profit because you know how to react in tough situation, that is being professional as if you are not you will just trade with emotions. |
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My strategy is I do multiple investment to lessen the risk of my money, I do not focus in one investment that will gives big risk, and i always have backup in my local bitcoin wallet in case of the bitcoin price will increase more i get earning for my bitcoin in my wallet.
Good for you for diversifying your investment, that minimize the risk and you can last in the investment world. Smart investors do that and I believe you are on your way to success, whatever investment you choose as long as you make a study of it you will be fine. |
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Yes as every now and then, news come up saying that some hackers or stealers are asking for extortion money in terms of bitcoins as they know that this is non-traceable and that's the biggest harm that is being done to the bitcoin community.
I don’t think the reason hackers ask for bitcoins is the anonymity, the reason is because in bitcoin you cannot reverse payments unlike credit cards, PayPal, and other electronic means of payments. Yeah you are right. They choose bitcoin because once it is sent to you. It can never be reversed. Plus, the fact that it is a crypto-currency. They can easily hack that since it is online based. Even though the developers put some safety measures to prevent those but the hackers are very good that it can penetrate the security and the restrictions they put. The anonymity is just another factor why hackers choose bitcoin and not credit or debit cards because there is a chance they can be caught when withdrawing in banks or ATM's when they hacked Cards. The authorities cannot freeze your account until in the bank when you are suspected to be a money launderer you account will be frozen. In bitcoin there's freedom for everyone and all people can use their bitcoin on the purpose they want to may it illegal or not. Exactly, that is why many people in the deep web are using bitcoin for each of their illegal transactions because they are secured with bitcoin. They don't even need to provide some information just to send and receive bitcoins from their dealer. This is not new, it all started with fiat money and even with credit / debit and even paypal transactions. Thought I know how to access deep web but I do not try using my bitcoin their, since gambling is illegal in our country.. I just use it for gambling purposes, and I am a little proud that I have use my bitcoin for illegal activities which is gambling.. |
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Smart investors sold waves today to buy Stratis, at least Stratis will have full node soon, way before Waves.
You are right on the money. This is not a fud. Just a fact that the above comparison is a testament to how slow the dev is working. Let us state the facts... waves hold 30k btc from ico . stratis has merely 900 . waves ico price jumps just a 100% while stratis has already zoom to 600% from its ico price and their development and transparency are no match for waves. Stratis will support the popular C# for the development of their NBitcoin node and sidechains while waves uses scala (with limited support from a team that has huge funds for ICO). How disappointing it is I may say.
Cant believe in my reading anymoreThat depends on the certain situation, if you project such asset has a potential to rise then buying at the price is still worth for you. Beside it's our won money so our decision matters a lot and risk takers normally succeed. |
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The question now is that if we do get another crash in our financial markets, will Bitcoin go up or down. However wouldn't bitcoin go up when people have less fate with the stock market? Since this is due to Bitcoin being more of a commodity than anything.
I don't think so because where are people going to get the money to buy bitcoin? I think that it would be bad all the way around if there were another global depression, which a crash of the US dollar would surely precipitate. I think that if such an event actually occurred, the physical bartering of goods and services would become the preferred method of exchange because confidence would be lost in the current systems. Definitely bitcoin is not gold as others are thinking, it is just a system that we are using to transact online for our needs and wants but the core system are widely dependent in fiat and if dollar crash it will greatly be affected since people are using fiat to trade their bitcoins. It will still boils down that fiat is still more powerful. |
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