If you spend only the amount you can afgord to lose without problem on gambling, it's safe for you. This means that you have no money you can afford to lose, the safest for you is not to gamble. But if you don't play you won't win. If you want to win, you have to gamble. You will lose of course, but there is a chance to win, but it's not automatic. I like that idiome with the eggs and the omelette  |
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Im considering doing just this, Im 60/40 (for) on the idea.
recently ive been thinking of trying to take on bitcoin full time somehow.
Its really caught my interest recently and think where going to see a huge increase in not only already established businesses that support bitcoin but also new bitcoin based businesses in coming years.
I do also believe spending our bitcoins in the few places that do already support the btc will aid this.
It's a big dilemma that if you spend your BTC and support the system to grow, you don't support yourself because the BTC you spend today can worth 10 or 100 times more in the future. But it will raise only if you spend your BTC now not only gather it and store it in a cold wallet somewhere. It's like the catch-22 |
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Bitcoin has become global currency in the world, it's used in many countries now, like in USA, UK, Australia, you can even buy chocolates in UK using btc..
Bitcoins have been accepted globally because of their simplicity, their ease, their security, their originality and security.
Bitcoin was designed specifically for the internet, and the result is lower fees, less fraud, and an open payment system with free competition. in the coming years will be transparency, openness, convenience, and price.
those only countries that were in first world country that already accept bitcoin as a payment, but think about those users and countries who in third world country, how they can adopt it if they don't have access on internet or they don't have laptop or desktop computer? That's what I'm talking about BTC can't be global currency. But there is a possible way if there some ways you do not need internet or laptop or internet and laptop are free at the next generations for those people cant afford renting and buying. And what if BTC becomes global currency but in 2 steps? First step is the developed world with mobile phones with 3G internet (to use mobile wallets for everyday spending) and second step is the third world who need time to develop. They also should implement mobile internet sooner or later (maybe they won't use PC or laptop just phone) and then they will be able to use BTC wallet. |
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I have no idea about the actual definitions of "gambling" and "investment", but to me, if you are an experienced stock trader and decide to buy shares with a good reason after researches, I would classify your action as an "investment". And if you just listen to your friend's advice to buy a stock without knowing anything, it is more like a "gamble" IMO.
That is the thing you have to decide on doing. An uneducated guess based on unfounded advice from other's is taking a gamble if something of value of any kind is involved. A researched, well thought out strategic plan of action towards making a solid acquisition of something of value in order to receive a steady stream on income from it is an investment. Experienced stock traders are educated enough and know the game make good investments in the stocks they buy. Other ones that don't do it as good are just playing the stock market and are gambling with their investments. That's right, if you want to start investing in stock exchange, you should first invest your time in learning the rules and the market. If you don't want to lose, you should be prepared and think every position opening twice and use some risk management strategy to protect your funds. In this case you can win on shares, otherwise you can lose too, like with gambling. |
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Stock exchange is not equal to profit. You can lose with shares as well if you open a position and the market goes opposite you. Also playing with shares is a zero based game the difference is that at the stock exchange there is no house edge.
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A possible safe way for gambling is to play with faucet money or with btc's from givaways. In this case if you lose everything you won't lose your money. There is no strategy that works 100%.
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As far as I have experienced, using the XAPO card for purchase at merchant's POS is free as long as your card's currency matches the POS terminal's currency. In this case the only drawback can be the exchange rate that XAPO uses to convert your bitcoins to fiat on the fly. But I'm sure that if you count your time and your comfort, you can choose the card instead of some other exchanges like localbitcoin and other exchanges available to get the necessary fiat for your BTC.
I think XAPO knows this as well this is why they're setting their exchange rates the way they're doing it now.
I got the card quickly, activated it on the Xapo site, loaded it with some bits and used it at a local store no issues and no fees in the same currency. HOWEVER, the selling exchange rate in my experience is ~5% lower than the market which is substantial. I emailed Xapo to see how exactly they're getting the debit card exchange rate. There should not be any fee in connection with using the card at a merchant. Have you checked the exchange rate nearly the same time when you did the transaction or just later? Does the merchant's currency matches the card's currency? If not, there is a 3% exchange fee that the card issuer charges for the transaction. |
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Payment received, thanks!
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Both of them rely on skill and luck, we also can analyze condition & think about strategy about how to make profit.
So, i think there aren't any major difference between stocks trading & gambling. The only difference is stock tradings is 100% legal, while gambling isn't legal.
Some gambling such as poker relies more on skill as you bet against other players. Dice is mainly lucky based. You can be the most knowledgeable poker player in the world and you can still lose. Skill alone is not enough of a factor in gambling. In fact in most games it is rather insignificant. But from the other hand with proper knowledge about trading, stocks and condition of the companies you won't lose money on investing. Are there proper investment sites, exchanges where you can trade real life stocks in BTC? Or, with using BTC it's only possible to invest in BTC related shares? Are BTC related shares' prices also so volatile as BTC price itself? |
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after testing the trick in this page i can say with 100% confidence : IT WORKS !!! patience is the key to win minesweeper and only that i tested for myself and if you wait more than 20 minutes before click to advance in minefield you win always !!! but most of times i cant wait so long so i have not winnings as proof yet PS:this thread really saved my day ,i had nothing interesting to post ,thanks OP quoting my prev post i was trying to make a joke here,but i must admit ,I FAILEDits funny if you think about it i think , look third line : i said you wait before any click 20 minutes ,so in order to play just one game (6 clicks for 3x6) you need 2 HOURS  its like the old joke in browser games : if you want free gold press Alt-f4 ... at my PS i also admit that post was nonsense ,but nvm seriously there is no trick known to work against fair games ,luck may work sometimes ,have a nice day @ all ! What a pity. I just started to think that strategy over if it worths the time it needs. It seems that this minesweeper does not differ in case of winning chances from other pure luck based games. So there is no strategy for it, even there is no better winning chance for it compared to dice or slots. |
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Is there a difference in winning chance between slots and dice? Both of them rely on pure luck, this is why I'm curious about it. Or, the house edge determines the winning possibilities?
Dice there is no winning chance only losing chance. So no need to think any thing of dice games. Nope I dont agree that. It is matter of luck when you are winning or losing on dice game because that is pure luck on dice game but you need to stop when you are in winning streak or you will be get losing streak more than you ever win it's a matter of luck for winning on dice but it is the house edge for the eventual loss ,it's not bad luck then. If you lose the very first Max bet then it's bad luck though. So if you lose in this kind of games it can be the house edge or the bad luck? Or both? What is max bet? Maximum of your bankroll or the site describes a possible maximum bet that you can't exceed in any circumstances, even if younhave infinite money? |
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Bitcoin is made to be a currency so why the hell does the government even have tax on it? It's not some kinds of product. It's money and the countries which abolish VAT for BTC are the ones which are not high right now
Because all governments currently tax own currency through inflation/money printing. They might eventually want to do the same to bitcoin. The only question is how and if it will succeed. Putting tax on their own currency is quite easy but on a digital currency with non-government control? That's quite challenging VAT can be applied for BTC transactions if it will be widely accepted at merchants. If you buy something you get an invoice (you need the invoice in some cases for warranty or whatever). If the merchant gives you the invoice it contains VAT. The merchant should pay the VAT to the government despite of the transaction's currency ( normal or digital), because the payment is income for him. It's the control that can not be applied to BTC because of the decentralized structure of it. |
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Yes there difference example when you buy stock in high price then nxt day go down dont sell it you cAn hold the stock you only lost When you by in high price then you sell in low price you lost your money,.
In stock market, some times, if you do not sell low and hold it for long term, the company could go bankrupt, you will lose everything. So have to take the loss, cut and run. This is the hard part To be able to decide if you need to hold or to run If you can decide well you can win in stock exchane as well. But it's really hard. Not only luck (like dice) it's psichology as well. If you risk too much you can hardly take proper deceisons because of worry. |
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The most simple trick was buy btc at 15$ and sell it at 800
Most simplest is not sell BTC while it's lower whan $10000. Buy hold, gamble, if you can, but not sell. If you need to hold it for 100 years, you should be patient to wait for $10,000 per BTC It's only time that you have to fight if you don't need the funds in short period of time. You can't lose if you have unlimited time and funds |
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I've read somewhere an article about creating a really safe bitcoin wallet. It's like booting linux from a live CD, create a wallet, save wallet.dat on 2 USB sticks. Put one of them into a safe, use only the second if needed. You can put BTC into your wallet without the USB sticks. If you want to spend, boot again the live CD, copy back wallet.dat and voila.
The trick is a fresh linux each time you want to spend to be sure no malware or any harmful thing is sitting in the back of your system to steal your BTC's.
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no one is safe when you decide to gamble. the choice is only one "risk".
Some people might overcome the risk , I called it very lucky guy that able to beat house edge. But I'm still wondering no matter how hard I try, I never be like them. In the long term, no matter what kind of strategy you use, the house edge will always even out to be what they say. However, in the relatively short term, you can use a method called labouchere and lower the risk as lower wins is required to make a profit. Funny that after 20 posts with thousands of pages of people saying, there is no strategy, there is still some people that think there is some kind of strategy, like you. Lowering the risk? Well of course, that doesn't mean anything, instead of betting 100 bitcoins im betting 1 bitcoin, i lowered the risk, so what? Lowering the risk lowers your rewards, nothing gained there, your labouchere system is not better than any other system and wont do anything, doesnt matter if its short term or long term. You didn't lower the risk there, you can still lose whether in the short term or in the long term with that. Of course it is possible to lose in the short or long term. When I say lower the risk, I do not mean that it would definitely work. Labouchere is much less aggressive than most of the systems out there and it does not require a high winning percentage to win. You only need 33.34% wins for it to complete a list which is relatively low. I have tested it several times and I have gained 10% of my bankroll in one sequence. Well, might just be my luck but it definitely is something that is worth to research about. When you say lower the risk you are just wrong, although there is some betting strats to actually give you slightly higher chances, which are still going to be less than the casino's. Anyways your system is no better than any other system, its math. Some people want to think that there is a system to beat the house but the truth is the only system is to invest in the house because you cant beat the house those people are not known to variance/house edge so they dont get things easily, after gaining enough knowledge about the house no one will say that again. There is only one case when you can beat the house. If you play roulette, you put your first and only bet on a specific number and you win. If you won't play anymore, you have beaten the house. If you play more, house will win in long term. But you should only play for fun and for entertainment, your profit should only be the time you have spent playing in a good mood. |
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