Of course poker is a game of skill, because you can win with bad cards too, why? Because you can make a bluff, and take all wines,) of course you can win via bluff when your partner in the game is without skills
I guess it is a mixture of both. It is a game of skill but at the end it is a chance if your skill will pay off because the game is decided by the last draw of the card. Though I can say it is very entertaining to see players faking and bluffing and the reactions of their opponent. |
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I am not into gambling much but I think I started playing gambling when I was in grade school. So it is pretty long time. It happens when me and my friends agreed to have some card game where we toss it and which ever card landed in different side is the winner. Mostly it consist of 3 players and involves 3 cards tossed in the air. We put bet on it and toss the cards. As I said the cards that landed on different side as the others wins.
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My feeling is that the next successful bitcoin entrepreneur will be the one who successfully provides access to the larger masses who, by virtue of low access to technology, cannot right now become bitcoin users.
I'm thinking of the developing world, such as in parts of Asia and Africa where a simple mobile phone (not smartphone) will be most technologically advanced tech a person could own. If someone found a way to let people use bitcoin through this...
Of course if your business gathers lots of client you do not need a feeling to tell that the entrepreneur who manage it successfully will be the next successful person. It needs time and dedication, and of course fund to spread out the news especially when your environment have low access to technology. You need to improvise and be innovative in plans to be able to encourage them to use your service and choose bitcoin to use it. |
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Well you get the idea, never gamble unless you know what you're doing and stay away from shady "cloud mining" sites that will get your money within a single poof. Buy bitcoins if you have the spare money to do so, keep it on a safe wallet, do that every time you have money and just literally forget about it. I assure you, you'll do fine. But if you really want to get "serious" on this, understand the basic of trading, apply it to bitcoin by putting in some small amounts and then start from there.
Thanks! If I wanted to first invest a small amount at Cloudmining, could you suggest me one? And about buying bitcoin, I just buy it and hold it? Simple as that? "Trading" still a very hard term for me, perhaps that is something for when I become more clever about it... Anyway, thanks! Lol he just told you to stay away from cloudmining and yet you wanted him to suggest a cloudmining company for you? I agree that buying and trading is a good way to increase your bitcoin holding but as you said that you are new in trading, I think you can spend sometime studying the Bitcoin market, researching about trading and look for some mentor that can help you understand trading faster. |
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I think if the government target an exchange, and impose a tax on every conversion, they can be easily taxed though the government can not track and implement taxes on people who are converting thru p2p. As a matter of fact if we look at the scenario as a whole, it is very difficult to tax all transactions regarding bitcoin and more difficult on altcoin.
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[~]Snipped~[/b]
Bitcoin, the best way to make everyday payments? I am not so sure about that. Every day there are more expensive fees, slower confirmations...
Why not? Regardless of the fees and other downsides of bitcoin, Bitcoin is suitable for everyday payment. You can't imagine the ease I feel (Not just me, Everyone else) when I'm about to make a payment. No middlemen (Like western Union) Just me and the other guy receiving. Now, I can send payment to someone not in my country using bitcoin and He/she gets it. Much faster than the western Union though (Not including the stress). Also I hear Bitcoin developers are introducing Lightening Network, A feature which will make confirmations a pain of the past. Bitcoin is intended to that purpose but the problem is the confirmation time especially when it is used in offline transaction. I can say it is good for online transaction and is suitable for everyday transaction. If only the confirmation time is solved we can and is confirmed like less than 1 min. then we can see the Bitcoin being used anywhere. |
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The price is moving with a lot of nervousness in the range of 830-930. I do not know what will be the direction of the next big rally (I hope it is up again  ), but what I'm sure is that this uncertain behavior will not last for long. I hope so too, let us see what will happen next. As far as I can see it, when the price move upward, accumulation phase of some group is done and now they are waiting for it to go up, so we can expect a rally now. I hope market don't turn bearish after this accumulations and corrections. |
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The suggestion of previous post are good enough to keep you away from the suspicion. But if you really are working and that bitcoin is from the your hardwork, why not declare it in your income tax. That way you are doing it legally and at the same time giving tax to your government. Just provide the details of your work and I think you will be ok.
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I have just thought of the most tragic thing that people could do, if something went wrong with Bitcoin.... Burning their coins.  Let's say, some tragedy strikes Bitcoin and the price per Bitcoins goes to ZERO .... would you burn your coins, or still hoard them in the hope that this tragedy would be turned around. Examples : We figure out some 3 letter agency is behind the technology and they have some master plan to confiscate all wealth or just to control global economies. / A huge flaw in Bitcoin gets exposed and all private keys are compromised. This is highly unlikely, but a Doomsday scenario that might just kill the coin.  This one is dedicated to RAWDOG. Why do I need to burn my coins? If it goes zero then it goes zero, holding it won't hurt but burning it will do because if it bounce back then you all be regretful that you have realized you burned your money. |
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Hello  I was wondering if you have any strategy when betting and what's your biggest lost Cheers ! Most effective is martingdale strategy but it's up to you if you follow that strategy and don't be greedy it can cause you to lose all your money be contented. Most effective strategy to lose all your btc, did you mean like that? Huh  There is no effective strategies, as discussed so many times before that it will always depend on your luck no matter what strategies you use while betting. The reason of people's lost in martingale is the inability to call it a game when you are winning. With the strike of winning from it, people think that martingale is a strategy for a long run but the fact is, it is a strategy to give you at least 1 win with a decent amount of profit. Playing continuously with it will lead you to a lost. At least know when to stop everyday. |
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Early adopters are the one who have made big money with bitcoin. If we too have saved big during the early days of its existence sure we too could have made a big earning.
The early adopters (I mean super early ones from 2011-2012) took way more risk than there is now that it will all go to zero so it's well deserved that they profited from it. For those who are early adopters i think they are already rich and they are made a business with bitcoin.. or they are still holding lots of bitcoin and they are gradually selling it everytime the price of bitcoin is high that is why there are someone are panic selling.. Also those early adopters if they are already made a business related in bitcoin they are make a big money.. except china who mine lots of bitcoin even in early stage.. Aside from the early adopters, those who believe in Bitcoin when it was at sub $200 are the one reaping the rewards now. It was a continue decline but this people see it as an opportunity and buy at the bottom after the bubble of 2013. They are more likely new batch of Elites thru Bitcoin. |
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Good thing is people somehow develop immunity to this nonsense News of Chinese Authority FUD. I do believe Government of China is accumulating Bitcoin in their advantage. Releasing a bad press during uptrending price by an authority probably a strategy to accumulate cheaper price and presses on the good news next for possible dump of the accumulated Bitcoin during the dip.
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It's a nice thought, but you don't want bitcoin to replace fiat, that would be the end of bitcoin, here's why: - If fiat becomes worthless, those countries and corrupt politicians and bankers are going to seek to control bitcoin, they'll figure out a way to ruin it
- If fiat becomes worthless, those countries and governments have probably fallen apart and we'd be in the midst of lawless times. It could even impact ones ability to have consistent electricity, which is required to transact on the blockchain
The best thing for bitcoin is for it to remain a secure alternative to fiat currency, not a dominant alternative. Another way to think about the potential for adoption is to look at how many businesses exist in the world or a country compared to how many of those businesses accept bitcoin for payment. Bitcoin adoption is driven by people's realization that it can be used as currency just as easily as fiat. I believe that it is actually best if it is an alternative currency same thing as you think. The realization of it being used as currency as easy as fiat is yet to be met. As of now I think people have trouble adopting Bitcoin because of the complexity of using it in a normal non-computer literate people. But I guess the time of computer illiteracy will fade soon since new generation today are well adept with computers, so maybe Bitcoin needs another time, the next generation will surely access Bitcoin easily thus making its adoption much easier. |
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I have read about Re-Investment plan 5-6 days ago.
Can someone post back details or give link to that post. I want to join it.
Unfortunately, You're too late. The Investment program ended yesterday. I wish Pioneer will give more opportunity like that. I wanted to invest more but I have received bounty rewards so my invested amount is quite low. There's still an investment program. Here are the rates: + Investment in 3 months: 5% interest. + Investment in 6 months: 10% interest. I think that pioneer should of prolong the special investment program a bit longer because some people that wanted to invest could not because they got their bonus paid out late. I dont think that prolonging this special investment program will be good for the coin as before also they prolonged the ICO for the good of Investors but it got failed so i think developer wont repeat the same mistake and this time they will stick with the rules which should be good for the coin. If you wanted to join then still you are getting 5 and 10% which is good or you can just buy and start to stake the coin you will surely earn nicely by that way when the coin gets more wealty It was stated by Pioneer88 that the limit for that special investment program is 8m, and he declared that any investment deposit after the 8m is met will be refunded. So people are thinking that the threshold of the investment is at 8M and will continue as long as that 8m is not met. Then all of a sudden an announcement stopping that special investment and replacing with 5% to 10%, the dev might have the decision but it is not good to suddenly change his rule. As I said he should have waited until the 8m is filled, close, then after the 1st batch or investment, declare a new rule. And with those new interest, I will gladly hold my coins and dump it in the exchange when the price is good enough and leave this coin. |
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My answer is wait. Now bitcoin price are increasing day by day. I heared that(from legendary member of this forum),bitcoin price will be 1000$ again on this month in the last week. When bitcoin price will be 1400$, i will sell all of my Bitcoin on this time.
Just hold your bitcoin ,And sell them when price are high.
Same here, I will suggest that we should hold for now. Bitcoin is being actively bullish again. We might see another $1k Bitcoin soon, or probably this time can give us new ATH. We will be at a lost if we sell BTC right now. |
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I will not sell any amount of my btc till july 2017.. i would be thinking to sell all my bitcoins in the month of august to september this year,cause those months will be the highest bitcoin price that can hit.
I would have wait till Dec to Jan. if I were you. Those are the month where of the year where price peak according to the records, Bitcoin more likely to peak at those months even form a bubble due to rapid increase in price. |
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In a price range such as this I was curious how most of you hold/trade your asset. Such as just hold and never sell, position trade based on price and or swap currencies through an exchange for another and or cash out.
This is something called investment strategy. Everyone has different from the other. It makes one a successful investor while other a not. Everyone will has different opinion towards this question. I believe there is no good to sell or exchange for other currencies seeing little increase in value. Such panic selling depreciate the value of Bitcoin again. Hold your investment as long as you can. "Warren Buffett is holding his shares from 1964, now he is 3rd most richest person on Earth, don't know about space". yep, have to say i haven't sold any although I used some to purchase collectibles here as it was the only acceptable currency. Been buying under 900 and will most likely continue up to $1,000 in 2017 Also bought in 2016 loaded physical coins when BTC was under $600 as a duel long term investment good points but selling is not a bad thing necessarily. why you sell/spend the coins is more important. for example selling when you feel like there is a bubble that is about to pop is a good idea, but as long as you are not doing it as a panic but as a well planned strategy. and then buy back when it is over and price is low enough. or for example if you need the money that you invested to buy something. for instance i bought many coins when price was $220 and then again when it was $430 and i sold a little bit around $1000 because i needed some money. but in general i am buying bitcoin every week that i have money lying around. I agree, but I guess people are buying in a purpose of taking a profit from the fluctuation of Bitcoin. They want to take advantage of it but sadly most new comers were there because of hype ending up buying at the peak of the bubble and left with bitcoin when the bubble burst declining in price. Being new to the scene they then panic sell with a lost. They should hold their BTC and have wait till BTC recovered and uptrend in price. |
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I don't think Satoshi needs to return with his old pseudo name, I strongly believe if he is still alive, he is actively contributing to the development of Bitcoin. And if in case he actually left the Bitcoin scene, I do not think that it is needed to have him back because I think the argument between the two group on which to implement will be solved and decided by miners and we do not want those million of Bitcoins being moved and converted to fiat, do we?
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Trading is not easy and its very unpredictable that is also why its a high risk to invest in it but also very profitable it goes well.
Trading is for the expereinced personals. If you have experiecne in trading than you should go for it. But on the other hand if you feel you are not comfortable in trading, do not indulge in it to lose your money. Rather keep you bitcoins save and their value automatically increases with passage of time. Well, trading is probably also for those who are gaining experience, but obviously one should not invest large sums of money if the individual does not have enough knowledge to manage this type of investment. It is not just trading that is unpredictable job. I think that every investment has a certain level of unpredictability, the successful investor is the one who knows how to reduce such risks in the best way possible. This is like saying know your assignments in trading. To be able to reduce the risk and make trading predictable, you need to learn the trading itself. You also need to know your holding very well and updated to all possible news and always on the look out for the badpress in order to take advantage of it. |
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I like Cyptopia but what is happening with its partnership with Pesobit?
Because of this incoming PoSP hard fork, the main dev of Pesobit has requested that all exchanges halt trading for PSB while we wait. I don't know why the other exchanges did not comply yet. So only the cryptopia market were paused due to the update of PSB to PoSP? By the way, I seen PSB price going up in C-Cex and have better volume too. It seems the PoSP update do affect PSB by attracting new people to buy in the coin. Nice work dev |
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