Personally, I don't believe in any single strategy to win in dice gambling. Gambling is gambling and martingale is martingale. The Casino wants to get your money, and the best way to get your money is to make you believe that you are winning but in the long run, they are the ones who walk to the bank laughing.
Well, I think that martingale can be profitable. I mean the probability of it to be profitable is pretty high if you are following the rules: 1. Your basic bet amount should be less than 0.1% of your balance. 2. You must undestand that you can't play forever like this. The more you play the more probability of losing everything. So if you are trying to win 100k sats risking 1 BTC you will win most likely, but if you are trying to say double your balance with martinglae you'll most likely lose. |
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I don't want to see it again $200 because it was for a long time and most of us hate 200s, lets hope to get back at $400+ I can't agree more. Actually I think we'll never see below $350 again. Buying now is a very good investment and I think many people, not only me, understand this. So after all the newbs dump their coins the price will go up to $400+ and will be $500+ by summer. |
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lol I didn't noticed the date. looks like time travelers are also searching for satoshi. Haha that was an awesome article, cracked me up so bad!!  Seriously anyone who hasn't read it yet should do so asap, by the time you reach the end ot the article, you'll be rolling on the floor tears streaming freely down your face it's not THAT funny. Are you serious?? I nearly chocked when I read this: " He never intended to hide is identity, but since he became homeless, he has become invisible to 99% of the population." " In our surveys, less than 1% of people are capable of seeing homeless people." " The worst part is, now that we have developed the power to see homeless people" I mean c'mon?! that stuff is hilarious Ok maybe it's just me, let's just say I haven't laughed this hard in a while  I agree that's a good stuff, I'd say it's kind of a philosophical stuff in a way. The power to see homeless people might save our civilization nowadays. No kidding, I mean it. |
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Let's do a challenge. So, most people experience a crazy lose streak while gambling using the martingale strategy. How about using it to your advantage for once. Let's all use 1 mBTC on a site that we decide on, and all agree high or low, place the bet at 2x and play until someone reaches 1 BTC. This would work like this; Bet 1: 1 mBTC / 0.001 BTC Bet 2: 2mBTC / 0.002 BTC Bet 3: 4 mBTC / 0.004 BTC Bet 4: 8 mBTC / 0.008 Bet 5: 16 mBTC / 0.016 Bet 6: 32 mBTC / 0.032 BTC Bet 7: 64 mBTC / 0.064 BTC Bet 8: 128 mBTC / 0.128 BTC Bet 9: 256 mBTC / 0.256 BTC Bet 10: 512 mBTC / 0.512 BTC Bet 11: 1024 mBTC / 1.024 BTC You would need 11 consistent wins. We've had 20 lose streaks rolling on one side, why not 20 win streaks. If you'd like to participate, leave your username & vote on a site to use in the poll. - Primedice
- Rollin.io
- Bustabit
After a few days we will decide on the site to use, and start. This is just for fun and if someone is lucky they'll get * 1000 their initial deposit. Would be fun to see if anyone is that lucky. Just for fun I decided to try this strategy on PrimeDice. Well, I failed on the Bet 3. Actually I think 11 consistent wins is too much to hope for. I had 8 consistent wins on 2x once, but it was only once in more than one year. Nevertheless I wish good luck to those who will try it. Maybe someone wins. Who knows? |
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If the temperature is -20 in your area, why not put the miner in home to get some heating out of the miner?
The amount of heat output is not enough to heat an ENTIRE house. That really depends on many things: 1. The size of the house 2. How many miners you have 3. The temperature you want in the house For example I'm okay with around +15C in my room so even one miner would be enough to make me feel comfortable. Of course I live in a flat surrounded by another flats which are warm.... so maybe tha's why ... Yep, for the entire single house one miner is definitely not enough. You're seriously comfortable at 15C inside?  Are you wearing wool? ^^ This is a bit off topic, but yes, of course I'm wearing wool: wool sweater and wool socks. And when I sit behind the computer more than an hour I use a wool blanket to cover my legs. The big advantages of the fresh air I have in the room are: no headaches, no fatigue. You should try it yourself. |
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What is the difference if I spend $60 on a two-hour gourmet meal and you spend $6 on a burger and $54 playing craps during the same time?  Exactly! I'd say in many cases it is even better for your health to gamble those money out insteed of buying food with them. On the other hand if you know people who you can make happy by giving those money to them maybe you should consider this option too. |
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How safe is it?
Nobody can really say how safe is it. However IMO it is pretty safe to buy 1 BTC today because the price has dropped to almost $400 while it should be around $500 in the near future. If you are talking about long term investment, even to buy at $500 is a good idea because several years from now Bitcoin will be over $1k (at least the probability of it is very high). |
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Im not really good in sports betting,
but as i can see with your sequence its like
martingale in sports betting. Is it a really good idea?
As you are betting all in at once. so if you failed.
you will lose all your winning with your capital.
If someone can explain this more to me pls?
As i want to try the method if its worth it.
And goodluck.
Martingale in sports betting seems more efficient than in dice if you have the bankroll to support it. Hard to see losing 10 or 20 straight bets in a row. OP's tactic isn't really martingale. He's going to all-in every bet. He wont restart if he loses and he won't return to his original bet if he wins. At first look as a gambler who only plays dice games I thought that there is nothing new in the strategy, I thought it was a typical martingale. But then after reading all the comments I realized that there is something in the sports bets I don't understand. Maybe I should consider to learn more on the subject because I always thought that sports betting is no different from a dice game or any other betting - it's all about luck. Maybe I was wrong. Good luck with your strategy anyway. |
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Didn't Russia just create a bill that made it to the Russian legislature? I really hope it doesn't get passed. Anyways, this is really great news.
Yeah, it doesn't get passed apparently, otherwise this wouldn't happen. Those Russian companies are doing great job. I wish more companies in the world be like them. |
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So I was watching videos on youtube and I came across to a video rearding the facts about bitcoin. I saw there that every halving the reward block is halve right? And so the rewards that the miner will get will decreased. My question i what will happen to the miners if tere will be no more coins to mine? Since there is only a limit on how many bitcokns can be produced, a time will vome that minin will put on stop. What will happen to the bitcoin price if then?
The miners still get the fees, so hopefully by then, the fees should be worth enough to make mining profitable If the fees aren't enough for mining to be profitable, some miners will stop mining, raising the amount of blocks found by the leftover miners... that way the leftover miners find more blocks => more fees => profit This is the best explanation IMO. Simple but still very accurate. I'll try to make it even more simple: The lesser the number of the miners the more the rewards the left miners get.So, no worries, Bitcoin will be here until the end of times. ) |
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-Do you have a separate wallet just for gambling?
-Do you have a daily limit on your bankroll?
I usually have from 0.8BTC to 1BTC in a dedicated electrum wallet and transfer out all my winnings out to my cold wallet and keep it at 1BTC
Looking to hear others bankroll management.
I don't have a separate wallet just for gambling and that is exactly because I do have a daily limit which is 0.01 BTC. Most of the time I gamble even less than that because to lose 0.01 BTC is something I can't be happy with. Yeah, I almost never win in the end so it is better for me to gamble 0.001 BTC which I do often. This type of bankroll management allows me to have fun with gambling not losing much. |
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In one of the topics I read "If bitcoin will reach $10.000, fiat currency has become worthless"
Do you agree with this statement?
Voted - NO. And I'm glad I'm not alone here thinking so. First of, I do think the price of Bitcoin will be around $10k in ten years or so. But I don't think that fiat will be worthless if that happens. In many cases you can't bit fiat for its convenience. |
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If the temperature is -20 in your area, why not put the miner in home to get some heating out of the miner?
The amount of heat output is not enough to heat an ENTIRE house. That really depends on many things: 1. The size of the house 2. How many miners you have 3. The temperature you want in the house For example I'm okay with around +15C in my room so even one miner would be enough to make me feel comfortable. Of course I live in a flat surrounded by another flats which are warm.... so maybe tha's why ... Yep, for the entire single house one miner is definitely not enough. |
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I absolutely agree with this. Many times on this forum I was asking people who said they are participating in a Cloud Mining and that it's great, to show if they have any profit and no one answered with a legit evidence. Ever. Actually I always hope that maybe I'm wrong. Maybe this time I'll have some decent replies. |
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yes, of course everyone looses in a long run, house edge is there in casinos in order to make people to fail in gambling and give their all money to a casino owner, thats why i gamble only with small sums of money
I see this now after many hours of playig dices. Now I`m alos on small sums and some days I even play just with faucets. No more investing in dices for sure. Poker is other thing I believe, but lets face it when u dont have luck u dont have it. Last night I lost several tournamets, can u believe with two ace`s, two kings and they kick me out on river.. Just crazy. Long run on poker yes, long run on everything else is just a wast of money in my case. Dice game really can give you 100% assurance you can keep in long of hours of playing that's why once you get a quite and decent profit from playing dice learn to get out there immediately.Of course you are right but that's easier said than done. Many if not most of the gamblers getting a decent profit consider this as a sign you are having your "lucky day". "So why stop now?" - they think and continue gambling until they lose everything. |
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utah , usa 4c kw , and should be getting my rate lowered this summer to 2.5c - 3c kw
in the summer i also have the option of getting free power if i shut off 4 hours a night mon - friday , and 12 hours per day on sat/sun , though its not an option for me since i do miner hosting
also have no demand charge
might work on moving to another location that has 1.9c kw power , but i think the setup cost, and moving cost may offset any gain i may see with the decrease in power cost
my current location has roughly enough power to run 2.8-3ish ph of s7's if i did the math right
I think you mean 2.5c - 3c kw h and that's a very good rate, you are lucky. And I agree with you that moving most likely will cost more than you gain from it. Just mine where you are. Good luck! |
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If you're getting free coins from a faucet, and that site has a casino, which DOESN'T allow you to deposit ANY funds, is it considered as gambling if you use/play any of those games?
Been trying to figure out this thing for a week, but there's so much contradiction for both answers, so I am not sure how to pick "the right" answer, if there is one.
IMO it is still gambling even if you do not deposit a cent. As other commentators pointed out you "depositing" your time and the time is money. Anothter question whether a government considers it gambling and therefore blocks the site in the areas where gambling is prohibited? |
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Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?
Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.
I would definitely leave my day job to go full time on bitcoin. Unfortunately I can't find a place on the internet where I can make enough (which is around $1k per month for me) money to support my family. But I'm not losing my hope here). If a year ago I knew how to make around $5-$8 per month, now I can make around $70, so I think maybe in a year from now I'll find a way to make around $700 per month. Who knows? |
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According to Cryptsy twitter ( Bigvern@cryptsy) it's a phishing attempt
Quote: 'A new phishing attempt is out. It is not from cryptsy. Do not acknowledge it'
I agree. Do not start that "refund procedure " because most likely they'll ask you to enter your password and username and from then things might go really bad. Unfortunately there are a lot of people nowdays who attempt to make money by cheating others. |
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That is really weird and people still thinking Satoshi is a person but i don't think he is a single person, from my point of view Satoshi is code name for this project and a group of scientists behind the this revolutionary project.
I disagree. I can see your point and I understand that you have reasons to think so but if it was a group than at least one of them would reveal himself already to the media. That's the nature of a man in the contemporary world: he can't miss a chance to be famous and popular. But if it is a one person then maybe he is exception. A whole group can't consist of exceptions. |
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