In my opinion the best bitcoin business is to start casino online with bitcoin . Because currently the best business in the bitcoin market is Gambling but here you will need to make small advertisement for your casino otherwise it is much hard for you to run casino smoothly Because it is a matter of trust .
Second thing in my mind is that start your own exchange site , so that you can make a small.fraction of transaction with trading y your users .
Since both of the business needed big investment amount but you know that business is a market of money .
You are right, Gambling is a good online business to build too aside from trading... There are bitcoins earners and at the same time a gambler that seeks to make fast money even they know that they can lose their money, but they can move on easily because they found fun and entertainment. Gambling is a very dangerous business. There their own rules. And there are their whales, which will not give you too much money. It is better to conduct your honest business I think that making a business that tricks people into putting their money, with false promises is not a good idea to build your life on, because from what I know when asked people about bitcoin they say it is for gambling and to steam people’s money. Making bad business is not going to help improving its reputation, so let’s try and make something that is good for the people that is useful. |
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Bitcoin is not as popular as we think and also most of the people I met don't want to involve in bitcoin because it is a currency for criminal and bad people, so when they already got a negative mindset, it will be difficult to change it
And it will be more difficult to explain segwit and bu to newbie, even some of the user not really understand that things, the most important for the user is the price
OK, ask these idiots to go to a drug dealer on the street and ask him if they could buy drugs with bitcoin from him and see what happens. On second thought... DO NOT do this, because these idiots might just get shot. Most drugs and economic crime are still being done with cash in hand and people conveniently forget about that. Silkroad gave Bitcoin a bad reputation and now everyone are smack talking Bitcoin because of that. There a millions of people who are using Bitcoin for MANY legal transactions.  That is true, the amount of transaction made in bitcoin on the drake net for drugs and other illegal stuff is way larger than the amount of bitcoin transferred and used for good things, and that left a big wide scar on the bitcoin so when people asked about it they say it is used by drug dealers, and honestly the only solution I can think of is by making bitcoin trackable and that may lead to some riots, but hey if you are not using it for bad things than you have nothing to worry about. |
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I don't think Bitcoin and US dollar are so tightly connected. There is coorelation like with other fiat currencies but in sense of inflation/deflation they don't have direct causal relation because different factors and conditions influence on these two currencies. These are normal part of cycle for every currency but I can't see any special connection between dollar an Bitcoin
Apart from the fact that Bitcoin is mostly quoted in the US dollar It is the same with gold. Whenever the dollar starts to decline, the gold price starts to rise and vice versa. Since gold is basically forever it's value doesn't get much affected on its own, the change in its value is always caused by indirect factors. For example, the economy of the US starts to decline (or just slows down), people move their wealth into real assets such gold, and gold value rises. And this is apart from purely mechanical dependence between prices of gold and the dollar (as revealed by the USX index). Bitcoin is by far more more volatile on its own, of course, but its price is still negatively correlated with the US dollar mostly If you ask, can you go to the store and buy food with bitcoin, can you ride the subway to work with bitcoin, I would say know how the world works now is that is all based on fiat money so as long as bitcoin is not accepted we can’t compared to any currency out there, it is more of a type of investment just like gold, so bitcoin and dollar are different from each other. |
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I would exchange those bitcoin into fiat, usd, is the best, gold might loose some value as its like bitcoin its up and down, the best solution is usd that is a strong currencie and with it you can rebuy again bitcoin, knowing the price raises or no.
If you are trying to make profit out of saving for a really long time than I would suggest that you put your funds on the gold, simply gold has been and will forever be the precious thing that mankind uses and respects so its value never drops. Bitcoin is still yet unknown to some people so it is not totally safe to put finds into at least not on the long term, you can make good profit from putting some funds into it but you need to keep an eye on the price and the market for any change that may threaten your investment. |
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Just lost $8 on satoshimines but I think playing with small amounts is not a problem I'm doing gambling for fun only.
That's great, as long as you will stay in control, losing would not be a problem. $8 is a small amount of money and I'm sure you can afford that. I lose more than that amount in a daily basis and I feel alright about it because I love what I'm doing and I do sports betting which is my favorite game. However, you need to be very careful as when you get hooked, the problem will grow until it's getting serious. If its 8$ or 8 cents actually loosing even a penny in gambling is insane to me. You are working whole day in offices and get tired to earn that money and then you just hand it over to the casino owners ? this is insane ! I have been myself gambling a lot but any week when I loose a lot I really stop gambling for next 2-3 weeks. Would we ever pay a beggar 8 usd ? No then why we hand it over to the casinos man ? |
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There is no way that experience can be helpful in gambling as it is only based on luck, if you are lucky you win and if not then you loose as simple as that and if someone is admitting that he has won with the experience then that is not true for sure.
Yes gambling is based on luck but without having a little bit of experience, it will be a headache to play the next move or to strategize the gameplay.  Actually gambling is not based on experience, rather the way of playing is greatly influenced by experience. I mean that you cannot win a dice bet by any means of experience but after loosing certain bets it is experience that makes sure you don't get desperate and loose all. So yeah it's important because with experience you learn some basics like if you lost the previous bet then loosing/winning the next bet is not dependent on the earlier one. |
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The altcoin market is a bit like gambling. You can make a living off buying cheap cryptos and then waiting for them to go to the moon, sometimes people get rich like that and its great, but requires luck such as gambling.
That's really true seeing the alt coins now a days. I think no one really lives for gambling rather its they gamble to earn which they want to spend in living. I believe that anyone who is gambling basically at the end of day want to make profit and those who say fun are either lying or living in a curious world where they live for gambling. I personally gamble then I have some targets in mind that I would win then I buy some pizza or something so obviously I gamble for living. |
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Investing into bankroll of gambling sites will be profitable and may become one of your best investment plans of your lifetime. Check in gambling section for finding reputed gambling sites which are accepting investment from people.
There are alot of reputable gambling sites around here therefore it will be easy to find one that is going to suit you however it depends on the investment that you are going to put as well. Sometimes it will be better to focus on a site with less bankroll so that we dont need to invest alot to get profit from the site I would agree with that, when it comes to investing we should not be lazy to make a deep research before entrusting our money to a certain gambling sites. When I search about investing in gambling sites, I found this thread and I think this could help. https://bitcointalk.org/index.php?topic=1585408.1120Yeah as said before investing we are supposed to go through a serious research and find the one that is quite familiar and gained the trust of people with its legitimacy. Every form of investment has different terms and conditions, it's our own responsibility to make a decision whether to gamble or invest comparing the advantages and disadvantages experienced from the both. There is no need for a huge research if you ask me. The good trusted well balanced gambling sites are widely known, I mean if you could invest in primedice, wouldn’t you? The casinos you can invest is known and you can just check the most trusted 1-2 ones and invest in them. Not that hard. If you want to invest in a new casino than you may need better research but not when investing on the huge ones. |
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[im g]https://i.imgur.com/Iv4AaCX.png[/img]
How do you think about the recent altcoin surge? This leads the Bitcoin's dominance keeps decreasing, now only 66.8%
Thanks for the war between Core and BU. Now we altcoins investors get rich. Cheers!
I think it is great for us altcoin traders as well, the prices goes up and down but mostly going up these days. That means great profits for us. Also bitcoin price may go higher and that doesn’t directly related to altcoin prices going down anymore, some coins goes up even when bitcoin price goes up which does affect the bitcoin dominance recently. I think the best balance is 40$ bitcoin and 60% from the altcoins the success of any altcoin sis also the success of the crypto currency in general.
You got any explanation for 40% and 60% share between bitcoin and altcoin dominance ? I guess you give more to altcoin industry just because of number of existing coins, right? |
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If it was for mining we could have shown you direct calculators but for raise in price all you can do is go to exchanges that the coin is sold, check the current price range on buy/sell part and than rewrite the buy/sell price to what you think the X value is and see how much it would be and calculate that from the initial investment. That is the most automatic version you can find.
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So far there is no coin that is used as much as bitcoin, therefore we can’t know until it hits to that point.
Maybe ethereum would be that big one day but they already had hardfork and there are two ethereum coins out there today.
I think we need to wait a long time for another coin to be as big as bitcoin in marketcap, when that day comes we will see which one has a solution for it.
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I just withdrew some coins from them and it came in quickly. I don’t know what seems to be problem for some people but it wasn’t an issue for me to be honest. Maybe there are some rules that you may need to follow and you forgot about them?
Maybe the amount was low or something, I don’t know the reason but mine came off quickly so it is not a problem for everyone.
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What will happened if every country started to use bitcoin. Is the current supply of bitcoin and blockchain capacity can handle every bitcoin user?
Blockchain capacity may be a concern to accommodate total world population. But I believe Xapo kind of off-chain transaction based methodologies could be a solution here. We never worry about supply of bitcoin for total world population of ~700 millions. The infinitely divisible characteristics of electronic format will support to have any number of basic units under bitcoin ecosystem. (When we are having big value for bitcoins, we will have units smaller than satoshi also). The basic and immediate effect we could expect, must be the price appreciation. But slow progress in adopting bitcoins would be the feasible way of making countries to use bitcoins. Because no one can be sure about when a bootle-neck may occur. |
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At the moment there is some issues that make bitcoin a bit unstable to even consider think to save at bitcoin while this issue of possible split ends, because looks like this will really affect bitcoin. I am now considering to invest into some other altcoin while this question isnt over yet.
In long term perspective you never need to worry about current situations of bitcoin, you can ignore them and you can concentrate on saving more bitcoins. Because neither of hard fork or soft fork will not impact bitcoin prices in long term, as this community will find solution after some period of time and hence we can expect prices to continue its rally. It may seem other investments are profitable right now. But I believe they are only for time being and you never could expect long term good returns from them. But, bitcoin will always ensure good returns in longer haul. |
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My ultimate goal is to send monies back and forth like a ghost so no one and nothing can trace me.
Dealing with fiats in person alone may ensure about your anonymity. Electronic transactions of your fiats will disclose yourself. If you want full anonymity then not mixing up bitcoin account with bank account, that would be the right way of doing it. Basically bitcoin transactions are pseudo-anonymous which means unless you are unveiling your bitcoin address, you may remain anonymous but your transactions will be visible to everyone. But linking your bank account with the bitcoin account, I guess it will ruin the complete benefits what we could enjoy with bitcoin ecosystem. |
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Almost every exchanges are providing graphs with the candlestick pattern / lines / bars. You must choose one of the exchange based on your convenience like verification levels/fee structures.
For bitcoin trading I will like to suggest bitfinex because they are having rich trading tool based platform to provide you world class trading experience. There are other exchanges which are supporting MT4 platforms too.
But I do not think any exchange will get you information about upcoming dumps/pumps. But you can educate yourself for predicting them will in advance. Yes, charts are capable of predicting upcoming events like pumps.
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system of trading is actually very easy to understand, but sometimes people just feel free to get started. so many ways to trade on the internet, even very many articles about it. You can also find a video on how to make trades on youtube, or on a site like that. but, for the better, maybe you should try to use a small amount. it will give a very valuable lesson.
Probably learning trading might be simple but practically it will not remain same. Because you cannot expect same types of price movements all the times. You need to be careful and you need to deal different volatility and hence just learning theoretically will not help any trader. Other than steady material/videos, I always believe into get practising in virtual platforms. Because only through mock trading we could experience what we are going to face in real market. |
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There is no bad time to start trading, You should invest in bitcoin and buy altcoin in lower price but be careful on the coins that you buy because more altcoin are existing but they are already a scam.
No, if you will not be careful, you may get struck with dump hence how we could say there is no bad time to start trading. There are good and bad times for entering and exiting trades. If we are not finding them with the use of technical analysis then regretting for not being careful will be inevitable. I guess we need to be rock-solid careful for choosing altcoins, because trading altcoins is very dangerous one. And you need to more knowledge in this method to be successful keep searching for the coins that possible to increase its price.
Yes, choosing right altcoin for our trading is the key for our success, but I do see almost every altcoin get dumped over time unlike bitcoins. I can say, with bitcoin trading we can enter to it at any time as holding it will give definite profits. |
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I guess it depends on the player either his reasons are for fun or really for the gambling addiction.
Somehow some people domt like being seen in the public that they are gambling that is why they use online ones.
I think they also play even if they lose to make it up for that lost money.
I might do that too if I am in the same position. Actually I already did.
It is not easy to let go if you are thinking all that lost and would want to get it back.
I do not think people will spend big money for their entertainment purposes and addiction must be the only reason for going back to gambling even after many losses. People may say they are going for gambling just for making fun, but we cannot be sure they are saying only true. It could be anything but addiction will be the most of prominent possibility. Recovering losses or unabling digest the losses are few reasons why people do find gambling as their solution for mental pressure. No one could blame them because they could not find the any other similar entertainment which will make them forgetting gambling. |
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With that low amount you cannot expect huge returns but still you can try your luck in gambling especially in sports betting where you have a chance to win if you have good knowledge of the game and if you have good strategy or else you can invest it in cheap altcoin.
With 0.01 Btc on a the gambling is pure luck. Try a dice of 0.01 btc, you will either double it or just lose it altogether. I think 0.01 is a small amount in itself and even in trading it wont help much When there is only 50% (without considering house edge) of possibility for winning, I don't think it would be the right suggestion to try in dice gambling. Instead of dice, why not just try in sports betting. I'm sorry, if none of your favourite sport is being gambled. Other than this, I believe many gambling sites are accepting as low as 0.001 bitcoins as a profit sharing investments. Those programs also would be another viable option for this small amount of bitcoins. |
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