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The problem with cloudbet that I feel is that they don't have a proper support system that can help users.
I have myself gambled many times on cloudbet and usually the withdrawals are instant but when they are not I feel like lost at sea because the support system have a pet dialogue " We are investigating and your issue has been sent to our team ". Quite ridiculous.
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if you have a lot money I suggest to invest in gold or stocks where the level of risk of loss of low value, bitcoin has a high level of risk that I thought as decentralization and changes in prices tend to quickly and I think the purpose of investment is to secure your money and earn a profit
yes but i think if a person has a great number of bitcoin then he should invest their money in bitcoin. because currently the price of bitcoin is now increasing and by holding bitcoin one can really make a good profit without investing money any where. the smaller the risk that you use to invest. the smaller the benefits that would be you got within a certain period. it's up to you to choose large or small risks. at least a big risk will provide great benefits But I'm not finding any of risk with bitcoin investments as always bitcoin prices are bouncing back into normal mode even it finds some fluctuations in times. Still I agree, we need to find right price levels to enter into market because right now bitcoin prices are trading in rage bound. To secure our investment we must find good lower levels. |
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Sorry but 12BTC ISNT a big amount. It's 11,000$ aprox.
Not big ? really ? Big words from a newbie, who does not even have 0.00012 bitcoin, maybe in the early years of bitcoin it was nothing but in these days that amount of money could solve African hunger, so if you don’t know where to put that I would suggest donating that to charity or give it away in this forum. |
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For me gambling is where you take risk may it be in a game or in life. I don't treat gambling game just for fun because I gamble almost every day to earn profits(which I do most of the time) and if I don't treat gambling seriously, winning earning profit from gambling will just be a thing in the past.
I agree your principle of gambling where you take risk may it be in an online game or real life, but the statements is a really ironic to what you will say next. First if you are gambling everyday, i won't say that you are addicted to gambling, but the thing that you treat gambling seriously and hoping to earn from it, well it's not that bad, but i think it is absurd. Gambling must be taken to please or so you can have fun playing, not hoping for a profit, you must be really addicted to gambling if you are like this, you must stop taking it seriously before it gets worst. Gambling is always all about luck and no one can say it is not, it is just like if you want to see if you are lucky or not or want to dump your money you go for gambling, if you have money that you don’t need and you can afford losing, and that is what some people don’t get and that is why they become broke. |
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This is the basic rule of making money from money. For that you need to have a base of money. And once you have a little money you will be able to generate some other source oif income by investing it in somewhere.
But I do not find making money out of money that much easier compared to working for earning money. To make money from money, we must need a well established business. Without that, investing into any investment plans will not work for anyone as it is always subject to huge risks. We need to find feasible methods to make money without risks for that doing business would be a right answer. |
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No i dont want to do give my money to scammer, i had a bad experience with scam sites and i dont want to involve myself in that things again and also i dont want to drag somebody to join the scam site, no matter how big the profit promise the site offered
Not just you, many people are having some opinion about ponzi sites only after having their OWN experiences, yes they usually do not listen to other people nor what they are reading in forum or books. They learn about precautions only after experiencing some losses. I also had bad experiences with ponzi schemes and now I am staying away from them. The fee I have paid for this lesson is big one, still it was completely avoidable if I have listened to my friend's opinions. |
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What do you think about the fact that cryptocurrencies will literally be the future ? In a few years, it will exploded and, be rich if we hold many ?
I do not agree with the common term "all cryptocurrencies " because except bitcoins, I do not find any prosperous future for any other cryptocurrencies. Maybe it would be the right sensible if we say "bitcoin is the future". At the same time, bitcoin is not a "get rich quick" kind of program. But it has some investment opportunity. Basically it is a currency. You may get chances to make money by investing into it. But prime purpose of it is "a decentralized internet medium of exchange". |
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I feel like this wouldn't do well, one of the benefits of Bitcoin is you can be your own bank.
Still, I learned that many people are preferring a system which will imitate a traditional banking features for the purposes of buying and selling bitcoins. Maybe this reason would be valid for short period of times as in near future we need not to struggle to buy or sell bitcoins as there would be many easy options are going to avail for everyone. When you are getting paid in bitcoins, you never need a separate services to buy bitcoins. Similarly when you will be able to "use" bitcoins, there is no need of selling it. |
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At the moment I'm a user of BitGo, which doesn't allow me to sign and verify with my address' so I wanted to know if anyone could make a recommendation on the best wallet to do this with so I can stake an address on this account in case anything was to happen to it.
Thanks!
I guess a "reverse process" will help you better. First, you need to know what are wallets allow you to sign a message. For that you can use this famous topic of @shorena : https://bitcointalk.org/index.php?topic=990345.0Because, almost every wallet offers some extra benefits over others. The choices are numerous so you need to select the one based on your capability / preferences. |
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Is starting a bitcoin Faucet worth the input effort and investment? Is the profit earned by running the faucet provides decent income? Has anyone invested in such venture? How was your experience?
It is a tug or war. You need huge initial investments to attract more users and to stay competitive. There are thousands of faucets already in the market, why a user will visit your site ? If you have solid answer for this question then you might get chances to make your faucet a grand success. You need to fix faucet pay out attractive and competitive and then need to choose your advertising network carefully like reasonably paying but should not freeze your account for any reason like google ad-sense frequently doing with many publishers. |
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Well, for this, I prefer good luck, because no matter how great you analyze something, but if you're not lucky, then surely the result you will lose. but, it is better to use both of them to make a profit, because luck will not come without great skill. well, skill and luck is complementary.
As said skills is always an important factor, but if luck is found along with skills then one will be successful. Making a profit only with skills is possible rarely but with luck its easy to profit good which makes luck to be the best among skills and luck. Yeah absolutely skill and luck are both required for making profits with trading. Its like we ask what is more important milk or sugar while making a good coffee ? So, both have to be in balance all the time. If we are too lucky then we will always depend on that and loose suddenly while if we just become overconfident on our skills and stop trusting luck then we might panic too soon and sell some asset for cheap. |
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Trading is a good way to increase our bitcoins. But it really takes a lot of time, you can just trade out without proper knowledge with it.
Why you need lot of time to see your profits. There are many typed of trading are available and we need to learn the appropriate method of trading. There is another discussion here stating about how to do swing trading profitably. If we learn swing trading then we can make profits multiple times within a day. Then what else we might need to increase our bitcoins. |
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For bitcoin is it harder to speculate/predict because the bitcoin price is affected directly from the news and a good factor is China, most of the miners are there and we have seen the unconfirmed transaction how was increased just because that there happened something. For other altcoins is easier to know when a coin is going to be dumped especially if it is a new coin then a dump is expected.
Yeah right and with bitcoins its rather impossible. While with alt coins the owners control the prices and hence it can be guessed while bitcoins are controlled by us people and difficult to know anything. I think though that a pump is not necessary to be known for making profit, just buy when cheap and sell when high. With altcoins I cannot say that because they hardly get up and down, its just once up and then down and down. |
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Actually I think you mean you need a feature like rakeback, basically some sites call it loss back.
One site I know that offers rakeback is bitdice and there are plenty more. But, why gamble when you yourself know before gambling that you will ultimately be in loss after all ? Its simply crazy and I cannot understand this mentality.
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I would say trading and exchanges now that i see it not that simple in my previous advice.
Yeah trading because most of coins are scam now a days and exchanges because there is a tremendous competition in market and I wonder if a situation will come when exchange would be done at 1% fees because even 5% is considered as high now days. Added to this I would like to say that the best source of income for average people right now is this forum itself either by signature camps or by so many giveaways and contests. |
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The subject says it all, what books, resources and other things can I study so that I can make an educated decision.
I want to invest, but have no idea where to start and need to learn more about bitcoin and cryptocurrency in general before taking the plunge.
you should try. because without trying you will not get a valuable experience. I am sure when you dare to take an action, then you will know what you will get. it is a very easy and quick to understand. While it is right that we learn from our experiences and wins and losses but actually I have been trading since 6 months or more and almost like lost 1 bitcoins plus in these alt coins trading while I am yet to understand how to spot a good coin. I just see the hype created by them get tempted and buy the coins. A classic example is ICONOMI coins. |
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i am gonna make withdraw and send it into the exchange which i can use it to sell in fiat and then i will use it to buy bitcoin when i see the price is lower. i am prefer to withdraw into my bank account if i can have more than $30 in my exchange account so i can reduce the fee for withdraw.
Cool idea friend and I also plan such things when I initially deposit but as I win my plans keep changing like if I have made $20 profit I think lets withdraw to bank ( a local buyer actually ) and I will buy some things for myself when I actually make that $20 then I cannot resist the temptation and set new goal like for 50$ and so on, unless I loose. In rare cases though my brain is balanced enough to cash the winnings  |
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Some people do the same thing all the time as soon they got some money they will think that they will going to win after they lost. If you aim to win back the money after so many losses it will just wreck you. It will not guarantee once you lost something there's a chance that can be recovered in a short time.
Yeah actually guys think its better to recover the lost money via gambling then by working hard and stop gambling. I think the moment someone takes a deep breath after loosing money and realize that gambling more will just result in more loss, that moment itself they would stop gambling. And you might be surprised that I am giving such a lesson while I am myself a looser and gamble a lot, so maybe its addiction  |
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Can't you beat the house edge? Today, with all these Bitcoin casinos and dices, I think it would be possible to beat small house edge with like 1%.
I always deposit small amount on site and when I make it to a good balance I withdraw, then I play with faucet and loose till the next deposit.
Can you share your experience with the gambling?
My experience with gambling gave me a lesson that you can't beat the house edge. You can win against the house but only for a short time like what others said because if you keep trying and trying you'll lose in the end. Yeah actually winning against the house is like considering can we win a race when our opponent is given an undue advantage ? No right ? Same here because when the opponent is given undue advantage which I mean the house edge then its nearly impossible to win. Though this can still happen in case you play skill based games and believe that you can win even when you know you are starting the race from behind. |
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Yeah, BitDice withdrawals are always nice and fast and have never seen any issues withdrawing large amounts like I've seen recently with some other casinos.
Thank you for sharing your experiences. I just noticed your name in dice leader board. You have wagered 42.5336 bitcoins so far, really an amazing amount. Congratulations, you are currently ranked 4th there. If time permits, please share your withdraw screenshots, we would love to see them. Moreover it would inspire many gamblers here. |
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