When I gamble, I make sure that I set up limits for myself in terms of how much I can bet per week. This helps to keep from losing too much at any one time.
Great strategy. This is exactly what every gambler should do in order to not turn his gambling into hell. First, you have to realize that you can only lose with gambling. Second, do some steps to minimize the losses. Every gambler will make a strategy before playing gambling, but only a few gamblers will follow the methods like how mate is following. Those who control their play they can follow these methods. If you don't have control on your play, then I am sure you can not be able to follow these kinds of methods. But your last word is right one thing we must know in this gambling that is in gambling we can only lose our money making a profit is very tough. but here in my area as i think that most of the gambler are uneducated and that may be the reason that they do not have any strategy of playing gambling and that can also be the reason that most of the time they are loosing money. |
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If someone which follows the set of rules and be discipline enoff. Can people make 50-100 $ a day just gambling in online casino.....?
No! I don't agreed that doing gambling in the casino in a long was profitable things. This can't be true, there is no accurate method for us to earn in gambling, neither prediction in gambling was not precise it too. So better stay away into gambling. yes it is true that most of the gambling games are depending on our luck but in some gambling formats if you have some experience then you can make show good result. but still we are mostly depending on our luck for making money in gambling. |
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Just curious since the last discussion I had was about gambling vs trading. I know trading can seem to be a bit of a gamble as well, but I see it a little bit like poker. It's a combination of math and psychology. Maybe not the same ratio though, just generalizing  Trading can never be like a gambling site. When you do trading your not doing it for fun and entertainment or a game of relax like others said in the gambling sites. Trading was a serious kind of making bitcoin profit, unlike gambling was known as a game of fun and relaxation and a waste of time spending money. but i think no one is playing gambling for making fun and enjoyment. i think there will be very little number of people who may be really playing gambling as fun an enjoyment but most of the people do not play it for fun and enjoyment. as most of the people are playing gambling games for making money. |
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Agree. Although we all kow the beauty of technology. Sometimes we almost forgot as well the chaos that it could cosr of it is being abvious. However the private keys right now is really a big help
yes that is right to say as it is new emerging technology and that is the reason that most of the people are no interested in it. hope with the passage of time people will know about it. Well, bitcoin is really complicated for someone who first read about it. It is a daunting task to understand and it is very intimidating to start using it. Hence this is one of the major struggles in using it. Bitcoin however is gaining popularity as people end up learning it and teaching it to others then people realize its not that hard to use. yes it can be a little bit but not too much, i think a one day practice will be enough for learning about bitcoin. and specially for those people who already familiar with bitcoin then it is not any issue for them i think |
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What do you guys think it would happen if all the governments in the world declared bitcoin to be illegal?
How do you think the community would react? What could be the possible solutions?
Well, that would be hard . Because most of us rely on using bitcoin. I mean most of us is working using bitcoin . If government or your own country, this will be bad. Think about the posibilities about this one. Bitcoin Society will be down. Bitcoin users will stop and look for another job to do. Because bitcoin is now on our society. Honestly, I don't believe in such scenario. World today is very divided and in conflict. Do you really think that EU and Trump can agree about anything? Or Putin and EU? Iran and America? I don't think so. They all have very different political and economical interests in the world and I don't believe in unique decision about bitcoin. Some countries may try to ban bitcoin but I don't believe it's realistic and possible. They can't close Internet or control each citizen on Internet, no way. I'm more worried about possible tax for bitcoin income. i myself do not think that bitcoin is going to be banne, bitcoin will continue as digital currency and hope that the government willl also consider it as legal currency. yes that is a fact that bitcoin is not going to be banned, because bitcoin is becoming more and more popular as time passed. hope that very soon bitcoin will be use by all the people of the world. |
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I have think of it and i have save up bitcoin just a the small amount because i have plans for it to have fun like travelling didn't even save it for future purpose. so i wanted to know what are you going to do with your bitcoin if you save bitcoin. Why do you save bitcoin for? and why? what is the purpose why you save up bitcoin to your wallet and not to spend it.
both for me.. because i save my bitcoin, i think bitcoin is future money and can use in future when i need money .. Bitcoin is not just future money it's more than an investment for future. Most of the people who invested got more than double in just some months. I'm saving up bitcoins to buy a car and hope to get it in near future. yes i am also agree with you, i think bitcoin is really the future of money specially in modern countries people are already using bitcoin as for trading and shopping and hope that its use is increasing continuously. |
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Bitcoin definitely sounds money to me as I am earning it like fiat money and I can also use it for online and offline shopping by converting it to my local currency and it can also be transferred to your bank account within no time so its like other currency to me.
yes that is very right, i think bitcoin almost money, as we can use it for online shopping as well as we can use it in offline shops also specially in such area where the shopkeeper are accepting bitcoin for shopping. |
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I think until now bitcoin ATM is still be best way to allow newcomers to acquire small amount of bitcoin, although the rate is a bit expensive.
Besides, it can also serve as an advertisement in the public places.
i do not think that we need for any bitcoin atm, we can use our online wallet any time and anywhere, i think when the number of bitcoin uses will increase then the idea of bitcoin ATM may work a little but stil i do not think that a lot of people will appreciate this idea. |
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Both options are fine but are different in their nature, in investing you rely on someone else to make your money grow for you, if you don’t have time to do it yourself then this is a good option, trading in the other hand relies on you knowing what to do with your money so you can obtain profits.
If you have enough time to keep a watch on your funds then you should always go for trading as in investing someone else will be controlling your funds and your results will depend on him so its better to have control in your hands and take decisions accordingly. I think it would be better to take both. because when you already do not have time leftover. you can use the investment to generate revenue without increasing working hours as every one has their own decision and to me i think trading is too much good as from trading we can get a good profit from trading bitcoin. i myself making good profit from trading. |
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If people are using bitcoin instead of USD to do illegal things then that would put bitcoin in danger now because Donald Trump might seize all the bitcoins.
Really? Can Donald Trumph seize ALL the bitcoin? he has the power to manipulate the decentralize bitcoin? I guess this is impossible to happen mate, I think he can ban btc to their country but not ALL bitcoin world wide, no one can unless it is shut down by the developer. Trump will never ban Bitcoin because he does not care about advanced technology. I'd rather working with paper than computer. Therefore, Bitcoin will continue to exist in the USA for at least 10 years. I doubt that a government can ban Bitcoin right now because the people will not like this idea very much. There will be protest i think he will study bitcoin from the core and if he find it as beneficial for them then he will also give good support to bitcoin. we can hope that very soon he will give a good decision about the future of bitcoin. |
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I don't think the fees will kill bitcoin even in the real world specifically banking sector where mirage of fees is being charged even sometimes enormous, people still use the banks and most times the fees are low compared to the importance of is to be achieved. Aside that, the bank will provide alternative means of reducing the fees and that's exactly what will happen to bitcoin later where other means of reducing the fees will be implemented for everyone use.
i also do not think that the transaction fee is going to kill bitcoin, but i think it will effect bitcoin too much. i think it is too much important that that fee should be minim and should not be increasing so frequently if you want to see bitcoin as more reliable and trusted. |
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I am getting steady income from signature campaign and full time job and I am very much satisfied with what I am earning as if I am short of cash at the end of the month then I have bitcoins in the form of back up to take care of my expenses but generally I don't prefer to sell them and save them for future.
Good to see that, you are in good signature campaign and you manage to have it all like posting while having a regular job and earn from it. But also be ready of the time that sig.campaign did not last for so long. Exactly there is no guarantee that signature campaign will take care of us for a lifetime as it can fad away with time so we cannot depend only on it for earning bitcoins and we should also have plan b to earn them as multiple ways of earning will give you higher amount of bitcoins. yes no one can say anything about it future of bitcoin, but i think we can expect that in future the price of bitcoin will become more and more reliable. |
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Agree. Because bitcoin is digital and you need gadget and internet to access it so many people can't access bitcoin because of that so i am agree with that. beside fiat didn't that at all so fiat is more reliable with all people so i strongly agree with you.
i think bitcoin do not need to compete with fiat, as bitcoin is a digital currency and is mostly use as for online purposes, and may be in very little place people may be using in offline shops. |
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When we are talking about dumps one thing comes to my mind which the price would go down to the bottom but considering on price decrease i could say its important specially on traders which they could really make money out of those movements on the price. Its actually hard to identify on when to sell out or to buy because we wont know if its the new bottom or not.
i think from dump we mean a little correction that the market will take and so the price will come down for a little time and then the price will again start increasing. |
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Only people who have many Bitcoin can manipulate the Bitcoin price and maybe they join a group to manipulating the price, need a large amount to manipulate the Bitcoin price.
i do not think that now it is such an easy job to manipulate the price of bitcoin. because the bitcoin users are now increasing continuously and therefore now it is becoming more and more difficult to manipulate the price of bitcoin. |
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Yes and no
Yes because if you have made an investment in Bitcoin you do want to make profit from it.
No because if you use the bitcoin for things like gambling the price doesn't really matter.
The price of it still matter if you use bitcoin for things like gambling and shopping because the price of any thing depend on its value not bounded with the fix amount of bitcoin so it the price of bitcoin will increase then we will have to pay lower to get that thing. yes i also agree that the price of bitcoin matter. as when the price of bitcoin is increasing more and more people are entering in the world of bitcoin and their trust on bitcoin is continuously building which attract more and more people in to the world of bitcoin. yes that is right to say that the price of bitcoin play an important role, as if the price of bitcoin is increasing continuously then more and more people are going to accept bitcoin. |
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Mobile wallet or web wallet is being commonly used because its easy to use and theres no hassle on creating one. As a begginer mostly will start on creating web wallet because it is suggested specially on small transactions of bitcoin but if we are already talking about big amounts of bitcoin then desktop or hardware wallet would be the best wallet among them all.
to me i personally use web wallet, i am most using yobit and blockchain wallet, there are so many other online wallet like xapo but as i am also doing trading in yobit exchange therefore yobit account is more reliable for me. |
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People wants to use bitcoin because of its fast payment and decentralized features. Bitcoin being a centralized currency would probably destroy it and no one wants to be controlled by their government's rules and regulations in terms in using your own money.
Bitcoin will continue to grow without needing banks it's fine the way it is although there are some flaws in these digital currency in time it will be solve.
It cannot be modified as Government expected, To say exact view from the Government and political side. Bitcoin is a open ledger, If it is araise in being centralized money then all the transactions would be so transparent. Therefore, they cannot able to make money by scamming taxes of the laymen. Once when we achieve lawful politicians. They will surely accepts bitcoin as a legal money. Yes I agree, I think everyone including the Government and politically would wait for developments, if indeed a bitcoin can not be stopped and its influence is already massive, surely the Government immediately approves bitcoin as legitimate money. Yes, bitcoin is becoming more popular every year. This is very good, as confidence in the crypto currency is growing. This means that soon we will get a strong alternative currency but still i think bitcoin banks are not good idea. to me i think if a person want to save their bitcoin the online wallelt is even good way of making money. If we talk about bitcoin banks, then I do not see any difference between real banks and what they offer to do for bitcoin. Of course, probably there will be an opportunity to regulate a large number of legal issues of users, but already control over the finances of the user bitcoin, and this will already badly affect the popularity of the crypto currency. and that is the reason that i also do not like to use bitcoin. i think the most important thing is that bitcoin is decentralize currency and it can continue its status if it will not to be use by banks and online continue with online wallet only. |
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The end of any other crypto not named bitcoin can be very fast since the investors could just dump the coin and the confidence in the coin plummets, or the devs stop their work and run away with their money, but bitcoin is a lot stronger and I don’t see it dying fro any reason.
the project was too great to be abandoned , that was not reasonable. bitcoin user has been spread around the world , no matter how much investor dump bitcoin it will not affected too much. the other investor ready to pump it back. the only concern i have are when bitcoin required internet access , then when no internet then no bitcoin transaction , means it is dead. the ups and down is the nature of bitcoin but in fact the users of bitcoin are increasing from time to time and which is making bitcoin more and more popular and stronger. so bitcoin will continue for a long time. Yeah and I don't think that bitcoin will die so early as it is still in its younger age and becoming more popular day by day and we will see more people who will start using bitcoins in future which will make bitcoin as a stronger currency and bitcoin is a long term player for sure. yes to me i think bitcoin will continue for ever and not going to die in any case. in fact the users of bitcoin are increasing continuously therefore bitcoin now becoming more and most stronger. |
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I like the way bitcoin is being transacted easy transfer of fund and I like the various ways of earning the coin particularly selling of skills gathering satoshis with faucets and signature campaigning all these make earning Bitcoin as serious business.
to me i think the best about bitcoin s that bitcoin is online currency and it may be present in all big online shops. and most of the people will be using such online shops so easily. |
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