i have never read any books about trading and i do strongly believe that reading a book is not going to help you become successful in trading.

you only need two things that you can only get one of them from books: basic knowledge about how to trade and terminology like what bid, ask, orderbook means and also the most important part is experience and information!

every couple of months is a new coin that comes out and people start calling it a "good" project and even sometimes they go as far as saying it will replace bitcoin. those who have been around for a while know what i mean.

and every single one of them bite the dust after a short period of glory. i see no difference here either.

the only thing that changes is the size of the pocket of the pumpers which gets bigger and bigger so they can pump the coins to higher prices!

it really is not difference in the opinions.
i feel like most comments on this topic are saying the same thing and i am not talking about spamming the same, but they disagree with each other while saying the same thing.
you can call it game or gamble or blah blah but what is defining each of these are the same.

a gamble is something that has risk and money in it, and it is that simple to define it. now you can call it game but it is still the same meaning.

regulation =/= controlling bitcoin
of course they can not control bitcoin, bitcoin is decentralized and peer to peer. but they can control the businesses though. and also they can control the customers.

besides i don't know why everybody is so afraid or even against regulations. aren't we all paying taxes right now when we purchase stuff from a supermarket for example or pay the bills?
the only difference would be the fact that your supermarket may feel safer in accepting bitcoin if it is regulated.

anything is possible and price can go in either way and then come back to its normal speed and normal state because US is only one country among others who are using bitcoin!

but how i see this is that they usually don't change their stance by that much even if one of them said something for bitcoin and the other said something against it, it really doesn't mean things will be that much different with either of them winning.

you can't really give any statistics on that because gambling is not limited to only one or two types of games and there is a wide variety of them available that we can only see a very small part of it online with bitcoin gambling sites.

on the other hand, it depends on the game. for example in a dice game gamblers surely have a bigger loss counts than wins because of the house edge. but in other games like sports betting if you know your games you can have a much better statistics hence a much higher win rate percentage.

being legal or not is for the owners mostly. in other words you can't live in one of these countries that have a law against online gambling and run a gambling site.

for users it is not so bad, the chances of law asking you why you were gambling online is low and the worst case scenario is a warning sent to you by your internet provider.


it is bitcoin, you withdraw bitcoin and then sell that bitcoin to fiat. if you are worried you can even run it through a mixer.


all that said, it is better to know the rules in your country before doing anything money related and use all the precautions.

sadly this depends on the country that you live in!

this may sound a bit strange but it is true, in some countries they may even tell you that you shouldn't have used bitcoin in first place and prosecute yourself because of using bitcoin in first place.

it depends on the game
in dice games 90% of the time i am making 1 satoshi bets and that is mainly because i have a smaller bankroll and i am using martingale method and i want to increase my chance of winning rather than busing out.

but in games like poker or sports bet i am willing to go higher and that depends on how much confidence i have that game.


i think you should offer all the possible amounts because people have different tastes and may prefer different amounts.

you would be a fool to think whales are not dumping to decrease the price but also there is much more noobs (better term is weak hands) in bitcoin which total to a lot bigger number than 10BTC and they don't initiate it.

there are stages when the whales couple spreading FUD with dumping at the same time to create the panic for idiots then go on exchanges and sell and immediately open a buy order lower to buy from those idiots then the game begins where they dump and buy until it is at a bottom and then start only buying. you can see this on a chart when there is a big jump back up again.

generation of electricity using solar is actually cheaper than any other method, maybe competing with using wind method but nothing else. you are thinking about the initial cost of buying the panels not generating electricity. and we are moving towards better (more efficient) panels with less cost these days.

http://solarcellcentral.com/cost_page.html

this is because of two things:

1) gambling is not always profitable for both sides which means sometimes house loses also which makes the profit for the investors lower too.

2) is the fact that many people are investing in casinos these days and some of them are investing big amounts. so a small amount like 0.5-1 bitcoin is lost in the see of investment and you get a small share of the profit which is being divided among so many people.

YOLO: You Live Only Once

and it is a bad strategy because as you already said, there is a possibility even so small that you may lose that $50 and your loss will be huge against the amount you could win.

if you are looking for a better winning chance you should try different games. games that you may be good at because you have some skills or knowledge about like betting on sports.

only the popular altcoins which will be listed on certain exchanges will be traded against both bitcoin and USD. these exchanges are those top exchanges that have BTC/USD pair.

and about the price, when these altcoins are traded with bot bitcoin and USD there will be a connected (one way) between bitcoin price and their price which will in turn go down if bitcoin goes up and vice versa.

but other should not be affected by bitcoin price since there is no USD relations but what happens is that they are affected because people will stop trading these coins and the demand drops so price goes down.

this is just dumb luck and i never trust these super high bets because it is hard for me to believe that someone is willing to risk
a couple of thousands of dollars on a pure luck game.


i think it is possible. although i have never tested this but i believe that with a strategy like martingale if you start from a very small bet size and have a very huge bankroll you can win and beat the house.

actually i think the opposite is true. they want people to invest in their site and lose. they no longer make enough money through just advertising ever since Google banned their account because it was in violation of their ToS.

why do you think there is all these different kinds of ways to spend bitcoin? the multiplier, the lottery, the points to buy gift cards,... and on top of that the huge house edge of 5% ensure their house always winning.

lol, if you ant to call $699 as below 700 again then yes it is below 700 again never mind it is above the last price which was $610


technically the money that you invest in bitcoin is your investment and you shouldn't be needing it for your essentials in the first place.

also the target of $1000 is a bit too soon. first lets hit $800 which i believe will take at least 2-3 more months.

this topic belongs to speculation board. and with bitcoin everyone has their own opinion and there is always some FUD flying around some place.

for now, i think the best time to buy is when there is a dip. for example the recent price drop to 670 was a good chance to buy and then you can sell on 710 or keep some and sell only for your initial investment and then buy back with it again to have more bitcoin leftover.

most of the coins are good to buy right now because they all had a big dip one way or another. all these coins must come back up now. and some of them had already started doing so.

but i particularly have my eyes on Litecoin, Monero and ETH + ETC

you should have bought before the rise back in the days of cheaper bitcoin price of $600 and not now.

right now you only take risks and try to find the dips to buy in like the latest dip below 700 level and then sell above it to do it again and again as a day trader, if you are not a day trader then there is no need to ask buy and hold!