Before giving any loan, we need to check person that ask for loan. With proper collateral there is no risk, cause collateral need to worth more then loan, so the loaner can sell it for cash in anytime. Why checking? With good check we can always tell is person that loan are able to return that found, does that person have a job, is that person rich, or have some other goods to sell for money.
Loans are risky, but with proper preparation it`s a good work, look at the banks, they are making big profit on their credits and loans.
Both getting loan and providing loan are not that much risky if we feel our responsibility for our actions. Loans are not risky when we are honest enough as a borrower and hence no need to face any consequences of defaulting. The lender must have proper plan of running a loan business like collateral and interest rates. Mostly, a proper collateral solves all the problems/risks of lenders. And I think that there is always a risk. And by granting a large loan must take a pledge that exceeds the cost of the loan. And still need to do everything right from a legal point of view, to conclude an agreement Loaning and borrowing has always a risk and the higher amount that you are going to borrow or lend then the higher risk that you are going to accept also. So for me as long as you can just cover it up with your savings if you really need loans, plainly use your savings so that you are going to save a lot of money too with the interest rates. the borrower is the injured party in this case, before applying for a loan they must be able to receive interest payments and also the risk of losing the collaterals. so however the beneficiary is the person who gives the loan. Yes interest in lending was very reasonable for a lender surely also want to benefit, so they provide interest to get money back for more. Indeed, it is very detrimental to the borrower because they have to earn interest. If there a lending then theres always an interest and no lender would able to give you a loan without any interest since its a business and they make profits with those interest. Lending services would be a good business though but little bit risky on both lendor and and those people that are being lend. That's given already because in lending business they earn from the loan interest, but the main concern here is the risk of getting paid. If such borrower will borrow money you have to require him some collateral and that is just for an assurance that he will pay his loan, without collateral the borrow might not pay you and you cannot sue him because we are in crypto world. |
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If that happens you are going to want to avoid taxes. Cashing it all out will have significant capital gains and having a mortgage can have a lot of tax benefits. Definitely do your research  Well, bitcoin is tax free so you are lucky if someone will allow to sell their house for bitcoin, but I have a doubt in the future a problem may arise on the legality of the transaction because bitcoin is not a legal tender therefore it is hard to make a deed of sale for the transaction. You have a point though , it would be a big problem regarding on legalization because bitcoin is not a legal tender but still you could make transactions between you and the seller and just make a notary on the said thing. As long you secured about the transaction then there would be no problem at all. There are ways to make it legal but there was not transaction between the seller and the buyer, you know what the government are really after for the tax especially when you are selling your property, that is a big tax liability their for your income, so bitcoin gives us the benefits but the problem is the legality. |
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Well i wanted to start and i even started but stopped after a while. Even though i know that it will be rewarding once u understand the pattern and gain experience but its just i lost money and time which use totally unecessary since this is just a fun thing for me and not actual means of earning money for a living
that's the fact,you can't count on trading because you will get uncertain earning everyday,sometime you lost and sometime you get profit,although it's all depend on your analyzation,there's also traders outside cryptoworld or lets call them forex traders that also having such same activities and could make living though But most of the time we miss the good chance, because we don't know what is the best moment for us in trading, I mean we get lose only when, we can't decide that we should buy or sell our coins, and the time out, so its mean profit out. I realize trading depend on right time decision, You can call that our profit or lose depend on our Analyzation. well timing is very important in trading. I think it happens when we are new on trading. I have also missed the right time of trading when I were new to it.But now I don't missed the right time because I have experience of trading.Experience is a key to success in trading.You will catch the right time when you are experienced. Exactly. Experience is the key source for a business men. Before starting up with a business, better discuss lot about the business with an expert who know the business to the core. When someone is new the business and have lot of money, he/she skip to consult with an experienced resource. This at times leads to a big loss. Instead of worrying after the loss, its better to experiment and finalize the decision. Get a advise from an expert and start your business at the right time. Agree, and experience is the best teacher, although it will take much time for practice or maybe fail and lost into trading. So we must use low amount of capital for start trading and looking for method trading who suitable with us and profitable. Everyone of us starts from being a newbie trader and even the most successful trader now, so we have to follow the best advise when we are still a newbie to start with the amount that we can afford to lose or if possible start with just a little amount of money and just adjust it accordingly when you were able to figure out how to make money already. |
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I also holding some bitcoin, I hold it for the long time.
I believe it will increase in a few years and good way to doubling the value of your bitcoin.
Just keep holding it mate because bitcoin is a special investment that you do not need to do anything for your investment to succeed, you just need to trust it and read some news to update your self, but you do not need to worry because the future of bitcoin is really good. |
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I have noticed so many players are just gambling for the sake of profits only. But majority of them loses most of the games eventually as they are not smart players.
So how should we gamble in a smart way so that we do not get more frustrations due to continuous losses?
Of course that most of gamblers plays for money, and they are not "smart" as often they do very dumb mistakes like betting all in and such, so they lose everything well yeah, i used to play only for profit too and it was a bad decision to make because i have lost money there's so many people that had made the same decision including me to be honest  i thought that it would be easy to make a profit from gambling but what happened is i got bankrupted . we all made a bad decision at the first time but if we are going to make it again at the second time we are stupid enough . At first we can really have a possibility to be addicted in gambling if we try in our very first try. Because we can feel the excitement in the game and also when we win, we really wanted to play more. But even if we lose a lot we can still gamble because it is really addictive. But after that game when you realize that you are just wasting your time, money and effort just to lose your money, you would be probably stay a way in gambling little by little. But we should fight that addiction because once we are addicted and we let that enter into our lives it will make us a slave and we will gamble without a limit until such time we lose everything we have and we have ruined our life already, gambling sites does not cared because they are just here for the money. |
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I agree with most people in this thread that gambling will bring misery to the players in one day. then we should avoid gambling before the calamity. better to use other ways to get bitcoin, like bitcoin and altcoin trading
instead of stoping to gamble you should stop thinking you can earn money from gamble and start earning bitcoin from other methods and then only use gambling to spend that money if you like having fun with gambling otherwise gambling is not earning money method! He is also telling the same thing, Try to do trading with Bitcoin or Altcoin you will make a profit. But nothing is easy in this Digital currency world. Gambling is off course to risk it depends on luck. Trading is different here you have to be very quick and know more knowledge on Market. In both condition, risk is there. Choose which one you are interested. For me gambling not wreck my life and also not fixed. If we think of making money surely it is not gambling because we as gamblers are bound to lose in the long run, maybe we should just play gambling for the sake of entertainment to be safe and to enjoy it while we can. Trading on the other hand is only for the serious people who wants to make money. |
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Many people like to gambling and that is because you can have a lot of fun with it so that is really nice and you can even earn some money with it if you are lucky. And people think that they can earn money in a fast way in gambling but that is actually not true. Because for me in gambling it is easy to lose all your money when you think you have huge of extra money. There is no question that gambling is fun because it was made for the entertainment of the gamblers, and of course on the part of the gambling sites they are not having an entertainment as they are serious of making money that's why they have the house edge, but the moment we choose to play for money we will really regret in the end. |
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Like men, girls can gamble too the best example of this is in the real world casino they are girls gambling but in my opinion girls can be addicted to in gamble like men.
Yes this is true when men can do gambling girls can do also it is the best example if you had already a girlfriend and both of you are always go on the casinos girls are much more luckier than boys i think so because in everytime i played with my girlfriend i always won. Definitely gambling is not specific to gender men or women both can do this, I also think anyone can play on online casino and it's much easy to play than real life casinos, that is good to hear you have lucky girlfriend and you're making nice amount when you play with her. But usually men have a huge number compared to women, men are more of a risk takers that women because of our ability to use our brain over our emotion, women are most likely emotional so they will not succeed in gambling. |
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GAMBLING REALLY IS A SICKNESS WHICH EITHER FALLS UNDER EMOTIONAL, SICKNESS, MENTAL SICKNESS OR FINANCIAL SICKNESS
thats what i think
Wow now dont put all caps here, you dont need to shout out your opinion, its against the rules to put all caps like this. I do agree with you but that is correct for addicted gamblers. Some people play for fun maybe once a month bet on their favourite team. That is like a source of entertainment for them even if they win or lose it does not matter. gambling could either not a sickness in terms of emotions nor a sickness in terms of mental nor a financial sickness . It is the gambler who get sick not gambling, lol gambling does not have emotional feeling nor finance or mental ability. You might be sick because of gambling but you can never blame gambling for that, gambling just provide us an entertainment and this is only for matured people who are willing to spend their money just to have the fun in gambling, if you cannot be happy when you lose then gambling is not for you. |
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I am not really rich in gambling. I just work and work harder for be to gain profit and at this point I am not yet rich but I want also to get rich like others wanted. Who does don't want to get rich? no one right? hehehe Yes everyone likes to be a rich person. But the way we choose to become a rich person is different. Some people will want short method like gambling to become rich in a small period. And someone like you to choose hard work to become a rich person. But your way is correct it will take some to make a big profit but 100% you will reach your goal. In gambling, it's 50 - 50 you may become rich or else you will become sick that's it. I am not become rich in gambling. Surely if you choose to be rich in a fast way you will not succeed most of time because there are no easy way to do it, take it for example, gambling is the easiest way to make money but you need to be very smart and lucky to achieve your goal, and I think as a gamble only few can make it. |
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My previous bitcoin doubling site was coince but now that site is to scam they had changed their policies and minimum investment is $500 which is very high and we can't afford to loss that huge amount. So only thing I could suggest is that you can join a trading site for small trading with experiment with various coins as the price keeps fluctuating and there is chances to earn profit from trading. Other than trading there is no safe way to double you bitcoin.
ya i been lost my money in site double coin and ends scam, since then i never believe double coin, and i switched trading Majority of users have lost their coins in doubling and ponzi sites hoping that they will their coins in quick time, but unfortunately that never happened which resulted in loss to all of them. Well, some people really falls for the trap of the scammers but we should not let them stop our dreams to make money in bitcoin, instead we should learn from our mistakes and invest on a more legitimate investment not again in HYIP and PONZI Schemes. |
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iam choose bank to saving my money
Yeah there is a lot of people are choosing bank because bank is available in everywhere in the world and we can store our money easily in bank in any place but i hope that bitcoin will be also more going to advance like a bank account and it will be acceptable in everywhere . It will surely happen some day in future but it will take long time as bitcoin is not too popular everywhere and the fact is people have more faith in banks as they are using it since long time. i guess bitcoin wallet are pretty much better than banks banks regulated by government and bitcoin wallet standalone decentralized banks have a very slow service and bitcoin have a very fast service so why you still want banks when you can rule your own bank with bitcoin wallet? Well, we have our own choice, if we can use both why not use it. They have their own benefits from its clients and bitcoin for me is more on investment rather than a storage of my money, if I intend to save I would certainly choose bank. if you talking about storing the whole of your money of course you can not choose bitcoin wallet as bitcoin mostly considered as investment and thing to trade but if you talking about how to store your money to make it productive and bitcoin wallet is your choice , you may can see 1 bitcoin turn to 100 bitcoin That is not possible to turn 1 BTC into 100 BTC by just storing your money because we we store it will not grow. But I get it, maybe you mean the value of our bitcoins will grow but not the volume. |
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'safe double' does not exist.
You can double but it has a risk. Buy shares in the right company and with luck you can double. Or more.
Obviously no investment can be without risk as wherever you invest there are always chances that you might lose some money as well as you may get some, so before investing somewhere you should always know that a coin has two sides. To double that much big money, I believe we need not to rely on any investment, just a running a business must be a good idea to get that much big money doubled. I believe without any concern about time duration, definitely we will get chances to make profits to double with any well planned business. Running you own business gives you more chance to double your money because you are doing it based on your skills and passion, if you will just rely your money on a certain company to manage it, then the return is really not that fast and also risky at the same time. The odds of a newbie starting a business and succeeding is often to said to be ten to one, or 90% of new businesses fail. If you have been in business for a long time and moderately successful, there may be a chance that an additional $100,000 can double that investment, but it would probably involve hiring the right people. Advertising alone sometimes doesn't work, but would be a good place to put some of that money. That's actually the right thing to do because if you have a lot of money you just let your money work for you and that is the ultimatum we can do enjoy as our privilege of possessing a great amount of money, this time we need to work smart than hard. |
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yeah trading is unpredictable job if you want to trade first you need to know that which currency is secure and strong and then you should start trading and trading is depend on you if you have good knowledge about trading then you are good trader.
i agree with you , you are right that first you need to know that which currency is good for trading and then you can start trading with that good currency and its true that trading is depend on your skill or luck . Its unpredictable but if you done your all home work with analysis and research then its also very profitable because its need some time when you want to in and want some good profit It is still unpredictable, what you will get when you do your home work in trading is that it will only increase your chances of success but it will not guarantee you that you will be able to make easy money as there is no easy money in trading. |
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If people will gamble only for entertainment and will not spend all of their capital/investment but will spend only an amount which they can afford to spend for entertainment then they will not lose their life, otherwise there will be no life remain with them.
Me, I would not accept that there is no life in gambling, although I am a big loser when it comes to finance in gambling but I am enjoying now, so it is just a matter of entertainment but if a certain gambler plays it irresponsibly then he will suffer the negative consequences. |
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Now is a very good time to do so bitcoins price is very low relatively compared to it's potential cause right now it's at 600$
I am a true believer that bitcoin can reach atleast 5k per coin so as you see it's still a very good time to buy bitcoins.
I have no doubt that bitcoin can reach 5k, but the question is when? Personally I think it will take a long time probably something between 10 and 20 years. Your question is depended on your struggle for bitcoin, If you will support and promote bitcoin in your community in your area then it will get more demand and the price wll start to increase while if you do not care for that to promote and just storing and waiting then it will take longer time. Promotion has already been done here by majority of the members like we are promoting a certain gambling sites that uses bitcoin and even those people who are in facebook who keep promoting HYIP that uses bitcoin as an investment, so I think we should just leave it to them to promote and we will just invest. |
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Its possible to buy large BTC amounts if you have the budget to buy this, but may be if you re looking for really big number of Bitcoins you need to buy from more than a seller
Exactly, that would only depend on how much we can afford to buy because there are many exchange sites here which are reliable to cater your needs of big number of bitcoins. |
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Holding bitcoin a long time is how I imagine making money trough bitcoin cause it's a big coin with a big foundation that can reach high numbers of value and users.
So buying it now might be the best investment you can ever still do since prices can still go up by alot.
Things aren't as easy as it may look when you are hodling your coins. If you plan to hodl your coins for a few years for example, then it doesn't automatically means that the price will go up. People just assume it will happen. And as you probably also know, nothing can be bought with assumptions. Don't forget that an exchange happens to get hacked once in a while, making the price tank significantly. These are all important things you have to see and realize the risk from as it makes a lot people panic sell like there is no tomorrow. If you invest in bitcoin you must be prepared for the fact that investments can lose money, however bitcoin seems very solid at the moment so I think and investment in bitcoin right now has great odds of turning into a profit. Just learned to choose the best investment in order for you to minimize the risk why maximizing your chances to make profit, however the reality will always happen that even how good the investment there are still a slim chance that it will fail, even bitcoin. |
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Yes i will accept bitcoin in my business because bitcoin is too much popular and everyone are going use bitcoin in their business because bitcoin acceptable in everywhere and maximum people are aware about bitcoin and bitcoin is too much safest and secure and its too much stronger.
Since I do not have an online business now I cannot do that but in the future maybe if my plans will be realize I am going to start an online store that accepts bitcoin, that is my way of showing the support of bitcoin so it will be more popular and continue to improve. |
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i put my money 25% into bitcoin and save my bitcoin for long time as long term investment because i know that bitcoin price will be more going rise up because there is a lot of people are buying bitcoin in huge amount for the future they surely know that bitcoin will going to high its price sooner.
10% is my limit in putting and investment in bitcoin, I love to have a conventional approach when it comes to a more risky investment which is bitcoin, maybe I will increase a little in the future but that depends on the market situation. |
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