Well, not big of a trading, not sure how you would like it, but you can have a go and look at cryptostocks.comI`m not a big fan of trading either. I have a friend who trade stocks in day trading on the exchange not bitcoin. But he lost $30,000 but now doing it succesfuly making $80,000 now. I dont think I can handle the emotion. Well, I cannot and would not move around that kind of sums on a regular basis. Too much pressure. It's OK if you start with smaller amount and you continue to increase the limit to reach to that amount. After some time it will be as natural as you pay for your coffee in the cafe every morning  Never mind, only kidding, but to start to trade with that amount without practice is a kind of suicide thing, for sure |
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In Sweeden, people use embossed bank cards to buy anything. The merchants are able to accept these cards even offline, if the power goes out (just like in the 80's when there were no online authentication for card transactions, only offline use, and they were sending the copies of the signed slips to the banks for clearing the transaction)
So it's possible to live without paper money technically too, but this digital currency is only the countries own currency, controlled by the government and not a decentralized thing like bitcoin.
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i use XAPO to get faucet payout, but i don't use their debit card, their fees seem pretty high.
Can you tell me a bit more about these XAPO related faucets? Are they worth the time, what amount of bitcoin you can get from them? I've heared about some faucets where you can get some extra bitcoins if you use your xapo address. Is this real? |
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OK but you should know that those people are really special in connection with finance questions. The whole country is well educated in these kind of questions, this is the base of a successfull implementation of the cash free world. Those people (the whole country) are really above the average in connection with responsibility (both the person and society) and it's really uniqe in the EU even in the world. The rest of the countries are really far away from it yet so don't be afraid to miss this chance. Sweeden is a really different in this case from other countries. Maybe it would be wise to test them with bitcoin, I would be curious if they accept it easily or not. |
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Get a cheap pc/laptop that never see the internet. Install a wallet via usb
But if you choose only that way then it can be unsafe. Because if this pc stops working and you don't have any other backup then you already have lost the bitcoins. At least 2-3 backups you should have, 1 usb, 1 paper wallet, 1 pc/laptop etc.. also the fact that everytime you need to spend your coins you would need to start up your laptop, meaning if you go outside and find a merchant that accepts bitcoin you wouldnt be able to pay them because your laptop would be at time. the same logic applies for paper and usb wallets  , i like bitcoin but i dont like the fact that it needs to be locked away to be safe, You won't walk on the streets with all of your bitcoins in your wallet I guess. This is the reason why bigger mobile wallet providers offer a so called cold storage (XAPO wault, etc) next to your everyday spending wallet. It's like you only take a little amount of cash in your leather wallet in your pocket, the rest of your money is in the bank, in the safe at home or in your pillow In this case you can manage your everyday spending of your bitcoins from your mobile wallet with a lower balance and the rest of your BTC can be safe in cold storage or in phisical storage like Trezor. |
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the possibilities of earning money through gambling is limitless, but you have to keep in mind that at the same time the possibilities of losing money through gambling is limitless too.
so the amount you can earn can be a lot depending on how much you are willing to risk.
People can minimize their losing, how? Just play gambling with free money (giveaway, no deposit bonus) at least this is what I do in gambling, and so far I earn around 1.5btc. Not a big amount but at least I did not lose anything from my own pocket  What do you mean about "no deposit bonus"? Is this anything in connection with the deposit in BTC that you have to put on your account to start gambling wit? |
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There are always some people who wants to take advantage of ebay and paypal customer friendly policies like if you are a buyer, and claims something, most of the cases they make a decision for the buyer and in only a few times for the seller.The reason is they need their customers to come back and buy again.
Maybe there are different kind of people buying hardware stuff or baby stuff, I guess if you sell used baby stuff you won't have as many claims like you sell current IT stuff which could be more problematic.
Is it similar to Paypal if you sell stuff for bitcoin and use an escrow?
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OK and what about sports betting? Is it a kind of gambling or because of the different strategies and probabilities you should not call it gambling but anything else?
I'm not familiar with sports betting yet. I've heard that there is no house edge in sports betting (and poker). So the "luck" in the end is only depends on the information people can collect before betting and on personal expectations about the results of the events? Are there any (or a lot) misleading information online that can differentiate people's bets or it's only personal expectations that makes bets different?
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Payment received OK, thanks. Feedbacks done.
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Why don't you do the opposite way? Let's trade on normal sites on stocks and from the profit you can buy bitcoin, you can save a lot of effort and maybe money. It's not easy to find a decent broker to work with, anyway. You could save the fees and be able to buy a bit more bitcoin in the end
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Yes it seems that the idea is really good. You need to be available 24/7 to be sure not to miss the opportunity to gamble with 0% house edge. I know it is not a guarantee that you can win but it's decreasing the risk a bit. I hope the periods won't be started only when it's "off-peak" |
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I have ordered and still using xapo's debit card without problem or any hassle. Let's check this thread about the details if interested: https://bitcointalk.org/index.php?topic=1187388.0I'm happy to answer to any questions in connection with it (if I know the answer ) I'm not related to XAPO, I'm just a simple user, so I'm not their customer service |
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As there are no decent BTC exchanges offering RL stocks, you can only use normal stock exchanges only. If you want to buy normal stocks for you bitcoin, speculate a bit and then sell them (or if you want to firstly sell them and after a decent fall in price buy them again) you should consider the volatility of the BTC price as well.
No BTC is accepted as a payment for stocks or you can't use it as an equity to top up your trade account with.
Only thing you can do is to exchange your BTC to fiat every time needed and after a trade you can exchange it back.
I think there is no as high volatility on normal stock exchanges than in BTC price. Let's imagine that you buy fiat for your BTC, buy a stock, sell it with 5% profit and you buy BTC again for your fiat to finish the transaction. It can happen easily that the volatile BTC price has fallen by 5% since you have converted your bitcoins in the beginning. In this case your profit is 0, and we have not included the fees and the tax of the 5% profit of the normal stock exchange trade.
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What do you think about a strategy that is simple like this:
I play 10 (or any number, but have to stick to it every day as a max.) times with the dice every day, maximum. If I win, I'll quit for that day.
If I don't win, I don't care, I won't play more than 10.
Does this help to minimize risk in the way that I can't get into a loosing loop, only fot the maximum 10/day?
Or it doesn't matter on the long run?
That is a great gambling strategy, I mean I guess it always depends how much you are betting on those 10 bets. It is the best thing to do, set rules, follow them strictly and have some fun with it. Don't try and push too hard to win I dont think that is a strategy, because that is only make your loss bigger but slowly, I never did that because it will just wasting time, better if you set your on goal like 0.1 per day or something like that so you will try win at least half of them You mean that I set my own goal like 0.1 and I play as long as it is not reached? E.g. if I'm in a loosing loop, I should not stop until I reach the target? In this case I can lose a lot. Is there any way to minimize risk in this case? This is what I wanted to avoid, to set a goal, and to force myself to push harder to achive it. Is it true that the longer I play, the more the I can lose because of the house edge? |
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And what about building a network of people?
You need max. 2-3 person per area and you can send the bitcoin to them and they'll do the harder part of the job for a little BTC.
In this case you only need to make them (your seller and the buyers) meet and they will arrange the rest.
If you won't pay too much for your salesmen, they won't get too rich and won't take your business.
If the salesmen don't have the necessary income in BTC, like you have, they only can do business with your funds.
Of course, to start a kind of network is not easy, you have to recruit people with care. It would be wise to set them maximum trade levels and ask them to hand over some collateral to an escrow to be on the safe side.
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