Start with 10-50 dollars and work your way up. During the training you will learn a lot of things and with time you will be able to read the market better and better. From there you have made (hopefully  some more money, and thus you can start some serious trading. Exactly start with less money, so there is less risk involved. Eventually you get the hang of it and you can earn more easy a quick buck while reading the market. Is there a kind of stop-loss thing in BTC trading that you have in forex? Just to be on the safe side if market goes opposite your prediction in the end and you don't want to lose all your bankroll in the very first trade... I'm just asking because I don't want to do day trade because I can't check the price during the working hours so I need something to close my position if price starts to move agains me. |
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Personally, I use Xapo, they use the same card issuer as E-coin. The main difference between them, that Xapo converts BTC to fiat money during purchase (on the fly) and with E-Coin you have to do it manually (that gives you opportunity to control/lock the exact converting price). What is your country and in which currency you would like to have a card? I also use the XAPO card, the card is the same looking (no difference, except the name  ) and yes, it converts on the fly when you use it. As I have read it somewhere (maybe in the official XAPO thread) they include the card issuer bank's fees in the exchange rate at the end. So I think there's no free lunch at the end... |
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Payment received thank you!
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Frankly, this isn't a surprise. There's no VAT issue with BTC, the real issue is tax on capital, but then it would be tricky to enforce. Unless you're an early miner selling a large quantity of BTC, the average BTC to cash transaction will go unnoticed.
My bank decided to close my account one day and wouldn't tell me why. The only 'dodgy' thing i can think of is the LBC bitcoin activity. Which has all been very positive. Volume has been very small too. Have you just transfrerred your funds into the BTC world, or you have also received transfers from some international bank account in connection with BTC transactions? Is it an online bank only or it has branches in your city? Maybe you can ask for clarification |
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One thing you'll DEFINITELY need to full time on Bitcoin is your day job, so don't quit!
This gives quite a good idea about digital currency. Don't quit your day job until you have a proper business in Bitcoin Ecosystem. Or as much money in bank accounts that enough for the rest of your life In that case you can bravely quit your daily job if you want, and start to work in the BTC ecosystem, if you don't risk your savings. |
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Safe way to gamble is by betting money in an amount that won't hurt you economically even if you lose the gamble. But it is worth the try.
Happy Gambling!
I dont agree with it, not because you can afford to lose such amount doesnt mean it is safe, safe is where you are not risking any amount of your money IMO In this case if someone wants to play safe, it should be done with faucet coins or with coins from giveaways. If you only play with these amounts, you won't lose any of your RL money. The good thing in faucet coins is that if you lose all your bankroll then on the next day you can gather another coins to gamble with again, safely. |
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Maybe one day, but for now I miss some stability in bitcoin. Although the price has reached it's bottom at 180, I want to see some big multinationals step in. This will give usage, purpose and prosperity on both the short and long term.
As I've read in news sometime somewhere DELL and some other multinationals already started to implement BTC into their system., so a few big names already started on this, maybe it can be a safe decision from there side. If BTC becomes a widespread currency they will have a huge advantage because they were part of the story from the beginning |
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Buying shares of stock is just another form of gambling disguised as investing. The only difference is that you can do some research into your purchase to determine if that is a good idea to make the purchase. The only real difference is that you can look into your "investment" to see if you think you are making a good bet.
Even then, with research you are still only guessing that the price goes up, or that you are buying at a low price, it is just a form of gambling I think you don't the meaning of share market investment that's why you telling that investing in share market is guessing game. But real scenario is your buying a business if you don't understand the company business then don't invest in that company. So as per me share market investment for long term is totally different from gambling. So I am guessing you are extremely rich from this, like millions because if you are able to do this you should have no problem repeating it. No? I dont think you need to be rich to buy some stocks or share? You can buy little by little right? Because this is long term investment so if you buy that many too in the end you will sell it too to get some profit. It has nothing to do with you become rich then you can buying stocks You only need to be rich in order to move the market in the way you want it to go, for this you need really much money. But if you want to drive the market you don't need to buy or sell shares in big but need to manipulate the news and the press But if you want to trade on forex market, that's impossible, forex market is way too big to manipulate anything Yes it is true, you can manipulate the market price if you have a lot of cash but I dont think everyone will have this power to change the market like they want. Most people not daring to make some manipulation on bitcoin because of the price is too volatile Are there any cryptocoins that has a steady exchange rate compared to fiat (not likely BTC which is too volatile) I'm thinking about if it's possible to exchange BTC to some different cryptocoin when BTC's price is high and after buy back the BTC if it goes down (and it can be really short term, e.g. daytrade or mid or longer term as well). I just want to avoid to exchane BTC to fiat and back too many times, because of the cost and the time of buying BTC officially for fiat. Is there any cryptocoin with not so volatile price? |
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Paper money won't exist in the future. But it will not happen in the next two or three decades. It will take time for the governments to adopt a digital currency. There will be issues regarding single person holding multiple anonymous wallets, wallet security etc.,
We have coins now, although paper money is far more convenient. Coins haven't really been wiped out and exist side by side with paper money. So to think about paper money not existing in the future is a bit extreme. Paper money will exist but people won't use it as heavily as nowdays. Today many of my friends select shops or merchants based on the information if they're accepting contactless bank cards or not. People started to carry less and less cash and withdrawal from ATM became expensive, so why not to pay with card if it's possible, easy and quick (PayPass) Today you can choose if you want to carry coins or paper money if you don't want to use bank card. If you want to do the weekend shopping, you can choose to carry coins (that amount will be heavy enough ) or paper money or bank card (or voucher, loyality cards, etc) but less and less people pays with cash. The important thing is the ability to choose how we can carry our money with us, and in the future less and less people will choose physical money instead of digital |
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I think the best strategy to don't lose a lot is minimize the daily bets to an fixed number
This way we can even win or at least minimize the risks as much as we can to don't lose big amounts
If you gamble only for fun, then set a limit of money or time spent on the game. If the time is up, just stop gambling. If you win or lose the set amount of money, then stop the game as well. This sounds nice to me. But I'm wondering if I can stop gambling when I'm winning several rounds in a row and my time is up or I just reached the target winning amount... I know that after the winning period there is always a losing period but it's really hard to tell when to stop |
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the less something gets made the more rare it becomes... Also think of all the wallets and people who lose their btc daily. I am sure a million + btc if not more is just cyber dust somewhere and the longer that goes on people make less and lose more making it more rare which will increase value
Is it really so huge amount already? There are really so much BTC's left behind? If someone loses his private key than it's game over for that wallet? Is there any method to just simply scrap those BTC's (because they are not belonging to anyone) and mine new ones instead? |
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WTF?? Whenever i try to withdrawal cash from my Xapo debit card, ATM says not enough funds even tho i'm 1000% sure i got money in my xapo account and 100s of confirmations already?? This card only work occasionally so dont rely on it for your urgent withdrawals guys. It making me sick whenever i go to withdraw money and im already thinking to dump it  same here, it happens a lot with me. I just throw my card into the bin. Don't throw it, man, give it to me but with the proper PIN If I'll have some time I'll give it a try You will notice if I have succeeded or not on your balance But seriously, I'm only using my card at POS terminals in stores, but the purchases were OK every time I had tried it. |
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it is true, moreover if they cannot controlled themselves while playing gambling. The wisest way is to stay away from gambling.
Make "wise" decision on gambling maybe mean to just betting with amount that you can afford for lose. And it's just for fun/entertainment. (Maybe this is Wise, but not many people can wise like this).
There is not possible to act according to logic or knowledge when you gamble, therefore 'wise decisions' don't really apply in gambling field. The problem is that during gambling you DON'T have enough of information to support your thought processing - hence it is called gamble and not a game. Sure, you can try to find a system even in lottery draws or create a statistical method for the numbers has been drawn already in the future but it doesen't havexany effect on the coming draws and numbers, it's pure luck. |
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While $50 for bitcoin may be a little low and extreme you need to understand that low price of BTC is not that bad for us.
There are so good sides of low price mainly sign that bitcoin acceptance is going on in good way.
You probably realize that more bitcoin acceptance = more bitcoin price drop. Why? Because when merchants take more Bitcoin, they are selling it out into USD 99% of the time.
Yet they are selling it for USD but ideally in the future they could use BTC to buy their supplies for the stores. In that case they will not sell their BTC so price won't be affected this way. But the current situation is that if more merchant will accept the coins they need to fill their storages again and now they only can use fiat so they have to convert their BTC even if they don't want it. |
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What do we call safe gambling? If someone is not losing all of his money, proprty, etc, just a minimal amount of money per day? Or the safe way is if the person doesn't lose any money or if loses he wins it back soon? Or the safe method can be an always winning strategy that does not exist or if it exists, nobody would reveal it (for free)...
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Offline wallets are usualy the most secure. hiowever keeping large amount of money in any wallet is not recommended.
why? i cant agree with this statement if the wallet is a hardware one its nearly impossible to hack it in my opinion so why is it insecure? Can you use hardware wallets with smartphones? Or they can be used only with PC's (windows only, or linux/mac also supported)? I haven't bought a hardware wallet yet but I'm interested in. You need to use it only when you want to spend your BTC's if I'm right. DO NOT put a big holding wallet on a smartphone, it is not as secure as cold storage. Treat it as hot storage, and only keep spending money. There is just not enough good security for phones specifically if your rooted/jailbroken. I can't remember the name but there is one that was a hardware but one was being designed with cell phone support internal. Hopefully someone can link to that been a while since ive heard about it. Get something on your phone with 2factor, so you at least have more then one password. But again remember its a hot wallet don't keep much there. Really read into cold wallets or hardware. Not phone wallet. Smartphones are quite secure but the user must not install too much apps. Arguably, this risk is almost the same as an desktop's. It is more of the fact that it is very portable and users can lose it easily. Mycelium supports trezor if that's what you mean. Thanks for the answers to everyone. My question was if there is a hardware wallet that is supported by mobile wallet applications. As far as I understood it correctly, Mycellium is the one wich supports one of them (trezor). I understand that you don't recommend the mobile wallet for storing more than 1 BTC because of security and the possibility of losing the phone. If we only consider security, I don't really understand what can be the problem with a phone (compared to a PC) if I use the same hardware wallet (e.g. trezor). Does it matter if I use the trezor on different platform? Not the trezor itself that guarantees the security? |
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