Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
Yes, Bitcoin definitely can help people living in poor countries. Here are just two examples how: 1. People from poor countries can earn Bitcoin doing some services online (like coding, photoshopping etc.) 2. They can find something which is cheap in their country but is in demand in rich countries and sell it via post making profits. Well, you also can do those even without use bitcoin as payment method or currency, so it don't change anything. Maybe you should think if those poor people don't have internet connection or computer, how bitcoin can help those people? I will explain. If you are poor the extent that neither you nor any of your friends have a computer than yes Bitcoin will not help you. But in today's world many people, even very poor people, can get some access to the Internet and in that case Bitcoin is very handy because normally you can earn only small amounts online and you can't afford fees for transactions which serviceas like Western Union charge. Also take into account that mostly poor people simply do not have credit cards at all. |
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It is said that bitcoin will destroy the fiat system but i believe that if this happens the world will change completly because banks and a lot of things will go out of market.
I don't think that Bitcoin will destroy the fiat system. Same thing was said about movies, that they will destroy books, but this hasn't happened. I think Bitcoin and fiat may coexist, but Bitcoin will be used more in the future and fiat will be used less. I think most people in 2022 will be using Bitcoin in one way or another. |
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To become rich when Bitcoin rises to $1M, I think we are talking about USD here, we also need that purchasing capacity of USD was staying at its current level. Then of course many of us will have a lot of money to spend.
I think I'd buy a sailboat and travel the world.
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How am I going to use may small btc? Can somebody hep me to use this in profitable earning here..
Its hard to decide if where can I put the risk.
Thanks..
How much is it exactly? If it's around $5 and you can afford to lose it than you can try your luck at gambling. Maybe you'll make $10 or even $20 out of it but hardly more than that, and of course most likely you will lose because gambling is for losing money not for making them. |
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That would be great of course if I had 21 BTC but I'm afraid that goal is out of reach for me. It took me almost 2 years to earn 2 BTC part of which I already sold because I needed real money. But then again, who knows, maybe I'll find a good job online in the near future and then I will reach that goal.
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Here's a new poker site a friend of mine made https://btckings.com/It looks simple or even too simple if you want, but what I can guarantee you will not be scammed there. |
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It's not hard to be profitable in cryptocoin mining.
Just move to where power is cheap, and don't get taken in by miner scams.
9-)
So it's not so easy, you said it yourself.  Also you should find money for buying a miner or two which is more than $2k in case of two miners. Another problem is a room to place your miners because it's impossible to live where they are running because of the noize. And I think I haven't mentioned all the problems here so, yeah, it's not easy at all. |
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A friend of my want to give me 3BTC and he want me to pay him back 4BTC in 2month 7days but he asked me what will i do with it, how can i turn 3 bitcoin to 4 in 2 month 7days, what is the best investment that can give me good ROI in that short period
So please i ask for your advice
I sugest you to not take his 3 BTC because it is very unlikely that you will make from them 4 BTC in the stated period of time. If you will believe the false promises from those who are going to "help you" to multiply your coins you'll end up having nothing most likely. Bitcoin is not a magical thing you can easily make big profits with. |
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Hi guys and girls! After making quite a lot of money then losing it and crying about not hapfmthe afternoon I have decided to give up gambling for good. Its not for me in have a much too addictive personality. So now I just plan to work for casinos but not gamble. The thing is you know you should cash out but you always want just that little bit more and then u lose the whole lot. I'm stupid and greedy. Right after I lost i put more in and doubled it then I went all in and lost it. So yes u can make a killing gambling with such a small about like a few dollars but then u lose all u make and waste a lot of time and energy and end up getting upset. Also i shake like mad when I gamble and I hate that. I tremble. When I lose I can't believe what the screen is telling me. So any thoughts ? Ways to stop ? Ways to gamble with play money ? Maybe there are dust ga!going casinoes I can use? U know just for fun and for the fix. I see Yobit as your signature so I guess you are familiar with the site. I personally find it a good way to quit gambling when you can take free altcoins of different types and then gamble with them on the same site. You will never win more than $0.1 doing so but the profit from gambling is not our aim right? ) But do not gamble with your earned money from their Sig campaign. Withdrtaw them first and then gamble with the free coins. Also I do not recommend to anyone to trade on Yobit because it is almost the same thing as gambling. |
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They won't unless you tell them how good it is for their convenience, and it should be convenient in the first place. If I had a shop I'd accept Bitcoins instantly after the first confirmation to not make my customers wait.
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I think you should try yourself in trading, earn some experience if you don't know what to do, but you can be sure that your profit is secured(just look for profit in every deal).
The best way to learn trading is to trade it yourself. I have traded for several months and learned some basics. Well, what's your profit from trading then? Do you have it at all? Because I too learned some basics but still lost two times in a row buying wrong coins. Then I stopped. There are no guaranteed strategies for doubling your money. The higher the expected profit is the higher the risk. |
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The least favorite thing about Bitcoin is that it is associated with crime too often. I know that's so because journalists tend to make attention-grabbing headlines but most people don't know this and think that Bitcoin is something bad in general.
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Gambling will remain gambling in every format online or real, because both are risky but from my opinion online gambling is much better than real, when we have much busy life than it's not possible to visit the real life casinos regularly than my choice will be online gambling.
Also it's easier to stop any time when you are online than when you are in a real casino where everything and everybody around are making you to bet more and more. There are casinos in real life where you can't even enter the place without buying a token worth $50. Online, on the other hand, you can enter having nothing and play from the faucet. |
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I prefer to wear some cool Bitcoin shirts. In big cities when you're walking through shopping malls and crowded places you will definitely attract some attention. The people might start to talk with you but they will definitely have a short focussed look on what's on your shirt. Best is to have shirts printed on the front and back side. Not that long ago a younger guy, probably 16 years old, recognized my BTC shirt, came over to me and said: BTC is awesome dude!Buying all my games with it now. No kidding! So shirts, stickers for cars or , emblems, bracelets etc. can help to get some attraction. This shop for instance has some really cool stuff. http://bitcointshirtstore.com/bitcoin-kids-t-shirts/Those are nice t-shirts! Especially I like the one Coca-Cola themed, "I accept BitCoin". Car stickers are cool too. You can order some here, I guess: http://www.bitcoin-stickers.co.uk/and they are accepting Bitcoins. Anyway it's a good idea to make more promotion for Bitcoin. |
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Can Bitcoin or any other altcoin help poor countries?
how? what can be done?
Yes, Bitcoin definitely can help people living in poor countries. Here are just two examples how: 1. People from poor countries can earn Bitcoin doing some services online (like coding, photoshopping etc.) 2. They can find something which is cheap in their country but is in demand in rich countries and sell it via post making profits. |
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Everytime an exchange is hacked people will lose money and no matter how many of them lose something you will hear them. A website could take bets about the next hacked exchange  Sadly that's true for now, but I'm sure that in the future someone will find a way to prevent hacking or at least to prevent losing big amounts of money in case of hacking. For the time being we shouldn't keep significant funds on any site. |
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Once upon a time hundreds of news sites were shouting something like this "Primedice Bitcoin Gambling Site Hacked for $1M". But technically it was more exploiting rather than hacking. Never heard about actual hacking of a gambling site. I think that's because of two things: first their security is strong and second you won't get much money even if you hack them.
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For now 64.7% are using as both and I'm one of them too. I'm a fan of good movies so I used Bitcoin as a currency to buy some. But mostly I use it as an investment so far.
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Yes I would, but maybe what I'm doing is not what is called gambling in general. If you google the word "gambling" you will find this definition: "Gambling is the wagering of money or something of value on an event with an uncertain outcome with the primary intent of winning additional money and/or material goods." But I have no intent of winning additional money, I mean any significant amount which you may call "additional money". The amounts I gamble with may give me in case of winning 5-6 USD max, so it won't change my life in any way. The good side of this approach is you won't lose much either, that's why I persistently recommend this approach to everyone.
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If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.
If ever i am desperate need for money my only option is try my luck in getting free Bitcoin from gambling dice, Collect each free bitcoins that i get and when i accumulate a good amount of Bitcoin i will start betting it to get the amount that i need . Its just win or nothing. Be careful with that way of thinking because all gambling addicts think like that. If you are in desperate need of money you better try to earn them any other way than gambling. |
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