A lot of people here gamble to become rich, but some do it for fun.
The question is, if you wake up tomorrow with 50 million dollars, would you still gamble for fun, or would you forget about gambling and do other stuff? Personally I think I would still gamble. I do it now, and I know I realistically will never get rich off gambling, because I barely do it and I don't risk much money, just for fun sometimes, to test my luck.
So if I had a lot of money, I would do bigger gambles, but they would still enter in the "for fun" amount (for the new 50 million standard). For example, gambling 1K a month would be irrelevant, and winning with a 1K bet can give you big rewards if you are lucky. It would still be fun, in fact more fun, and it would be as non risky as it is now, in terms of going financially bankrupt.
hmm, i think i would be enjoying life differently like for example i would be on my yacht partying my ass off because i just woke up to 50 million dollars  |
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it surely is. especially in some countries like US that there are legal issues with gambling, bitcoin will be the best option to do it online and anonymous to avoind any legal problems.
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nobody knows what is going to happen this year, so predicting 4 years in the future is even harder. but i don't think bitcoin price is going to get anywhere higher than $3000-$5000 so 100BTC will not make anybody a millionaire.
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Let's assume that we reach a new ATH of $1,700, what do you do?
it depends on whn we are getting there. i believe bitcoin price is going to get there and even more someday and by that point i will not sell but if it reaches $1700 in 2016 i would definitely sell because it is not stable. |
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Credit card transactions can be reversed and you'll most probably get your money back, when your coins are gone, they're gone for good.
Even the "biggest idiots" don't lose money with their credit cards...
the only way you can lose money from your credit card is if you withdraw at an atm and someone jumps you with a gun and takes the cash out of your hands. |
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i think for the time being we can only attract more peple to bitcoin and adopting bitcoin will be the solution for it to go up more but it's not a guaranty to it not to fall down
Of course it's not a guarantee but it's definitely a useful idea and worth a shot. I think if we actually just took the time to really think of a way behind all this, it'd come to full fruition. actually i think if there is enough people using bitcoin then the price will become stable. just like how gold price is stable, never 100% but the changes are small. |
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For me not possible at a moment with current price, if the price is affordable in future then I can think of getting into bitcoin as a full timer but not before that.
what does the bitcoin price have to do with anything? you work and get paid (for example) $10 =  and if the price goes up you will get $10 but this time less bitcoin (like 0.02 BTC) and in both cases you can afford the same goods with $10 worth of bitcoin. I think he is trying to say when bitcoin is worth more, doing bitcoin based jobs will earn more you didn't understand my reply then. let me put it this way. lets say you are earning bitcoin through selling something that is worth $10 (like a domain name) right now when bitcoin price is ~$410 you sell it for 0.0242 BTCif bitcoin price goes down to $100 you have to sell it for sell it for 0.1 BTCif bitcoin price goes up to $1,000 you have to sell it for 0.001 BTCfirst of all you are earning less bitcoin not more, second in all three cases you are earning same amount in USD |
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For me not possible at a moment with current price, if the price is affordable in future then I can think of getting into bitcoin as a full timer but not before that.
what does the bitcoin price have to do with anything? you work and get paid (for example) $10 = and if the price goes up you will get $10 but this time less bitcoin (like 0.02 BTC) and in both cases you can afford the same goods with $10 worth of bitcoin. |
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anybody who has a big amount of bitcoin (like 21 btc) is not going to publicly announce having it and there is no way of telling this.
there is anonymity and also people save their coins in multiple addresses sometimes which makes it immpossible to make such statistics.
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i don't agree with this.
gambling is not a sickness on its own. there are many things out there that are similar, the way these things are being used in a wrong way doesn't mean those things are bad in nature. you can gamble ocasionaly and still not be addicted.
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Is their any safe methods to gamble? Means without losing much of our money can gamble?
Any tips or suggestions?
gambling on sports is safer than dice game that is too random. have a friend who is an avid fan of tennis. Both are very dangerous. Remember nobody knows the result of a sports game, so there is no way you can predict it. Sure the odds are better, but it is still not safe. With other words there are no safe ways to gamble.. of course it is not safe, anything that is called gambling is not safe but sports betting is way better than betting on dice. when you play dice you are just shooting in the dark but in sports you can have some idea of what to do to have better chance of winning. |
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in my opinion holding ETH is not a good idea, i find it super scary there is just a lot of it avilable (nearly 80 milluon ETH) and there is a big possibility of big dump which can crash the price
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Hi all, Looking to purchase Ether soon, and looking for an entry alot lower then current price. We have had a run to the upside and that we did see some heavy divergence at the top indicating that price would drop. From readin the charts and seeing the price action, the prices will be heading lower..so for those wanting to get into Ether should be alittle patiente and wait for it to reach closer to the 6.8-6.3 area Looking to buy around 1200 Ether at the 6.8-6.3 area, if we see some positive divergence before that price then i will def jump into it alot higher. But for now i dont see any signs of showing strenght, it might head up to 12 usd to test that strong resistance but i am pretty sure it will head back Down. Chart:  interesting speculation. i have a somewhat similar plan to buy ETH but i have not yet made my mind about it especially about the price, i am not sure yet about where to enter around 6.5 seems a good point but i think i will wait and see how things are going to shape up by the time we get there. |
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Number of bitcoins is not decreasing, the circulation of bitcoin might have got reduced due to holding of large number of bitcoin by users.
This is true,there are a lot of people that has been holding their coins and it will continue for several months until the halving comes. Even if the number of bitcoins is not decreasing now, it seems like it will have to be in the future when there are very few being created. There will always be coins that get lost due to lost private keys, people dying and no one knows the private keys, crashed hard drives, sent to wrong address, etc. It will be good if the number of bitcoin is decreasing as it will also affect the price of bitcoin as the supply is getting less then the price will go up. i don't think the amount of bitcoin that is lose is that much portion of the whole available supply that can really affect price. |
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Its one of the best things you can do because the fact is that you can than make profit on both.
I would pick gold for a long term and bitcoin for a short term due to the halving.
with gold you're always making small profits if you compare it to bitcoin. bitcoin has a lot potential growth where the price may even reach a value of a few thousand per coin. with gold the profits are in the range of 10-50% where bitcoin can give you a minimum of 200-300% in the coming years. Yeah with bitcoin you can get a much bigger gain than gold but the potential too loose your investment is more than in gold. it depends. if you're a calm person with enough patience and not panic when there is a sell off, then you'll be just fine if you hold your coins for the long term. you don't lose anything until you sell your coins. this personality is nessasary for anybody who wants to make and investment, doesn't matter what it is you should set some rules for yourself about when to buy and how much loss is acceptable for you before you are forced to sell and how much profit before you sell. |
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i can only hope that we see a new price high.
but also i think it is still possible this time around, because there is more money from investors in the market since last time.
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Buying bitcoin will give good profit as the price is found low than the past few days. So you can get a small profit in buying and increased profit in selling if sold after halving.
Yes this is the perfect time to buy bitcoins as the price is relatively low and you can sell at the time of halving when price reaches to a next level. if you are planning on selling on a high price after halving then what is the point of buying at that low price (a little lower than market price). it is obviously better to buy lower but it means trying harder to buy at a couple of bucks lower and risking missing out. |
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even if internet goes down bitcoin is safe since we are keeping it on our own and many of bitcoin users have a copy of blockchain on their hard drive.
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@Secondtrade.com
i am a Member now. please update my rank in spreadsheet.
thanks.
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gambling can only have that kind of a effect on somebody's life if they are addicted to it. wrecking someone's life through gambling is only happening if they keep on gambling like and addict and lose a lot of money and it will never fix a life unless you are super lucky and win million dollar in lottary!
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