i don't really see any way that price can go high above $400 as long as there is this block size debate going on. especially since the classic was released i am waiting to see how it is going to affect the market.

p.s. no significant move so far though!

the only thing they can do about bitcoin anonymous transactions is to force businesses like exchangers and such to report their transactions. they can't to this to regular people. besides i am sure part of it is because they want to take taxes from these businesses which they could not control if it was anonymous.


then stop using coinbase and set a bitcoin wallet yourself!

i know that it is an strange thing to say. but what is the point of mining with no reward. mining is going to need electricity so it will cost me. and i am not even looking for a big reward (profit), even a small amount which could cover the electricity cost. this way mining would not be centralized by mining farms.

besides if i want to support bitcoin and blockchain i would run a full node, not mining without reward.

what you are describing as your trading strategy is the classic "buy low, sell high" that everybody knows and they talk about it. but the problem is with the risk it involves.

when you buy those coins at low price there is always this risk that it goes even further down, and you lose your investment.

the magnitude of the effect on price would depend on the amount spread which you have in mind. but how many poor are we talking about or how much bitcoin per person?

the only possible way that can be good and effective in my opinion is donation to a "charitable organization". i have seen a couple of them in DogeCoin community but never seen any in btc.

the problem with this is that not everybody knows what mili, micro and similar things mean. i have seen topics about what does mBTC or uBTC means and how much are they.
for this to work, everybody needs to have an understanding of the units. but satoshi or using decimals is going to be universally understandable.

there is going to be a lot of problems with that.

i am assuming you are talking about satoshi spreading his "bitcoins" among poor people and not "cash". in that case it is going to wreck the market and the price of bitcoin is going to fall so hard, making bitcoin nearly worthless.

why? because those people can not do anything with the bitcoins they receive, like paying rent, buying necessary stuff for their living, etc so they would convert those bitcoins they have received for free to fiat, in other words a massive amounts of sell orders on the market (supply) which will push the price down to oblivion!

one big problem that i have with bitcoin is difficulty, which will lead to this situation that i as an individual with a pc at home (no extra mining equipment) can not mine bitcoin, so mining becomes a business that a few (mining farms) can only do it.

can't say if it is all a bad thing, but i wished that mining of the cryptocurrency that is supposed to be decentralized could be done by anybody who wanted to do so.

using different bitcoin wallets is like keeping your money (cash) in different places like bank, credit card, paypal, in your pocket.

bitcoin is the same, i keep most of bitcoins in bank (which is an offline wallet) for security reasons and to spend in the future.
i also keep some in my hot wallets, one is Electrum which is to send/receive smaller amounts which i might need and the other is my web wallet because i have started with that one and i am not willing to empty it out.

i think anybody who have invested in bitcoin even a slightest amount is dreaming about the price before anything else. i always dream that bitcoin price is back to its high value ($1200) and i am enjoying my profits.

but i am never winning anything not in dreamland nor in reality

this is such a hypothetical scenario!

but if bitcoin fails someday, and price falls so low to two digits, i will sell all my bitcoins that i have saved up and take the cash and never look back at bitcoin ever again.
also i might still continue my work in altcoin market, because i am currently invested in some of them and earning some small profit through that, so it is always nice to earn money through trading no matter what the price of bitcoin is.

actually i think you didn't read what he said carefully.
cloudmining site owner profits from your investment, not you!
it has always been this way, whether the cloudminer is legit or scam ponzi scheme, they are the one who are profiting and not the investors. we are just getting back the money we put in little by little, there is no profit in the end.

i think choosing a "best" place for gambling is a matter of preference. each person might prefer a different kind of game on a different website.

but some factors are a must have, like the provably fair part, and for me i always prefer a fast but nice design which will load on my slow internet so i can have the best experience.

and i always choose these places by reading other users reviews, because they are the best to understand the site through the eyes of our peers.

that is the addiction part!

somebody who is addicted to gambling is going to keep coming back to gamble more and more of his money and as a result will lose more money. in some hard cases they would sell their house, take loans, etc to gamble.

also there is always people who are not addicts and gamble small and lose. and also new people who start gambling.

good point. it seems like most of the gambles in bitcoin community are forgetting the fact that they are taking chances and risking their money. some of them go as far as seeing gambling as an investment. but they always forget that gambling is pure risk taking.

since both of them are based on luck before anything else, i have to say both are almost at the same level of profitability - unprofitability but since skill based games are dependent on another factor (which is skill) then they gain an edge so in my experience you have better chance of profiting if you are using an skill based game instead.

for me, part of it is because it is the first gambling game that i found online in witch i could use bitcoin. also it is nice that i can use even a very tiny amount as small as 1 satoshi for my bets because it can make my bankroll that much bigger.

additionally one of the major reasons for me liking dice games is the fact that it is easy to play it. dice does not need any experience, thinking, planning, skill,... it is just dumb luck for rolling a dice and see what the result is.

when it comes to trading cryptocurrencies if you know anything about trading on forex, then a very small percentage of that is going to be needed in trading BTC/USD

and if you decide to trade altcoin/BTC then almost none of that information is going to do you any good since altcoin market is small and driven by different forces.

very interesting topic.
i liked the fact that you look at the issue from different angles.

and in the end as i always say, gambling is just a game of luck, you can not and should not plan on getting rich over it.

when it comes to a favorite gambling game in general, i will always choose poker because i really enjoy playing it.

but since this is a bitcoin forum, my favorite gambling game that i like to play using bitcoin is dice, because it is easy and fast. i don't need to use any brain-power and it is pure chance.