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2241  Bitcoin / Bitcoin Discussion / Re: Your Life After 10 years in Bitcoin... on: December 07, 2020, 05:43:56 PM
I have known bitcoin since 2012 but I regret that at that time I did not hold the bitcoins I got from the faucet, I never thought bitcoin would become big like this, I don't know in 10 years if it will get bigger again, we know bitcoin is decentralized, and me too hope bitcoin will always be big and other crypto altcoins follow in its footsteps
Only few people believed and anticipated that its market value will be expensive in the future so it is not really surprising to know more people did not trust this technology at first. The reason I think is lack of support from the masses. Since the idea is quite revolutionary for a currency to be decentralized, having no support to majority of the governments before, many people were in doubt. But at this moment, as development occurs, more countries are now recognising its advantages and adoption can now be seen. In the future, changes will be more observed and we should be excited about it as users of this technology.
2242  Economy / Gambling discussion / Re: Do the odds of other outcomes matter to you? on: December 07, 2020, 05:11:58 PM
I do not properly understand how the odds work yet, but if it's what I think it's then I would probably bet on the match that has the likeliest winner and has other two outcomes with way less likely winners. Or I would probably double bet on the match with other outcomes that also has pretty likely winners. I guess the double betting for two outcomes in a match applies here?
You've got the idea of these odds. But double betting is not applicable most of the times especially if the winning team is only one. Double betting is only advisable to cases wherein there are two or more outcomes which will generate the win, because it is perhaps a matter of increasing the probability.

 Odds should be considered as a gambler and it is not a good thing to go only with your bias. The goal is to win in gambling and not solely to give support on your bias/es. If you're not sure, there's an option not to bet, or to just minimize in order to avoid huge losses.
2243  Bitcoin / Bitcoin Discussion / Re: Help my by answering 4 question! Thanks alot! on: December 07, 2020, 04:36:52 PM
- What do you know about bitcoin (3 sentences)

A lot. your question is too broad and I can't answer it directly since Bitcoin can be in any form, payment, investment, used in illegal and many more.

-  Is bitcoin or are shares more popular and why?

No they are not shares and they are different from share. I think shares is more popular since you can find it in every big companies and Bitcoin was not yet accepted worldwide.

- Is there still enough enthusiasm for bitcoin and why?

Yes due to the big companies that is adopting Bitcoin many enthusiast are now looking forward in cryptocurrency and in Bitcoin.

- What would you recommend each bitcoin starter to do?

Start with these basics:
1. What is Bitcoin on youtube and how does it work
2. What is wallet, address and how to create one
3. What you can do with Bitcoin

ya.ya.yo!
Information in YouTube would be also broad because videos are majority concerned with the general concept of what Bitcoin is, answering only the core idea of it. I think it would be better to ask other people who are more knowledgeable into this technology than to just watch or read articles of this topic. Wallet on the other hand is applicable to not only Bitcoin but to all digital currencies. The last question I think is fair enough because it would be more helpful for an individual to first know the usage and purpose of something he is not that knowledgeable about.

I'd choose to answer the last one since my answers to other questions would be almost the same with other replies in this topic.

"What would you recommend each bitcoin starter to do?"
1.Know why you engage yourself to this technology.
2.Ask for other's opinion about Bitcoin to gain general idea of it.
3. Seek for deeper explanation through articles online in order to further understand this technology.
2244  Economy / Gambling discussion / Re: How tricky is this? on: December 07, 2020, 03:55:15 PM
"In an accumulated bet, why is it often the last games that goes rugged and you end up loosing what's supposed to be a best bet and was already preparing for a cash out or the next step"

I don't think this is the case. It's just that it's more noticeable when it's the last bet.
Similar to how whenever you join a queue at a supermarket, it feels like it is always the slowest moving queue and people in the nearby queues are getting to the checkout much quicker... but actually what is happening is that you only notice it when you're in the slower queue... when you're in the faster queue, you never even think about it.

This might be the explanation for the "syndrome" they are talking about. The fact that the last bet is noticeable in an accumulated bet, makes it more crucial, and thus inflicts a sense of loss in our minds. We don't really happen to count all of the wins and losses in an accumulated bet, but instead, we most probably notice the first and the last bets when you put it in a spreadsheet.
There's no syndrome related to this. As for what I have read, it is more of an "end-of-the-day betting effect" developed by McGlothlin (1956) and Ali(1977). This idea states that there is a change on the gambler's behavior regarding their risk-taking habits in which they tend to bet higher in their last bet in order to cope up with their losses. Which more often yield to bigger losses than the assumed outcome of regaining what's lost. But I'd view this as either greed or frustration. Greed will exist if a gambler has lots of winnings but still chose to bet all of its for a bigger profit, while frustrations are for those who lost huge amount. How to resolve this problem? Simply impose self-discipline which is not as easy as it may sound.
2245  Economy / Gambling discussion / Re: Japan becomes more friendly towards Gambling on: December 07, 2020, 03:06:45 PM
Gambling is just in contrast with societal norms. But governments will make a way in order to make use of something which cannot be stopped or totally controlled. In my country, there's this sin tax to regulate those things. This is applicable to vices such as cigarettes, alcoholic beverages and gambling. Once something is regulated, tax will be imposed in order for such activity to be allowed. So that's more likely what happened to gambling industry in Japan. The question should now be concerned on the rate of tax to be imposed in this activity whether it would be too high for the gamblers or just fair enough for this activity to continue.
2246  Bitcoin / Bitcoin Discussion / Re: Who has held bitcoin for more than 5 years? on: December 07, 2020, 02:00:44 PM
Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?

Cheers!


I first purchased BTC in 2012. The during 2012-2013, I received a lot of BTC from various faucets and other give-away sites such as Rugatu, Bittrivia and Bitcointalk signature campaigns. Unfortunately, in 2013 I lost around 60% of my coins when LitecoinGlobal closed down. And again, in 2015 I was facing some financial hardship and I had to sell around 75% of my remaining BTC for $200 per coin.

Then from 2016 to current date, I continue to sell some of my remaining coins.

Now I have around 10% of the coins that I held in 2013.
Misconceptions I think many people are having is that holding is the only thing to do once you've invested into something. But that's absolutely wrong. The market price is not continuously and consistently increasing over time. Market analysis is needed in order for an investor or user to make decisions whether to invest or sell at a certain point because that would generate income not holding alone. Profit from holding for years won't be as big as profit from selling at certain price points, "bullish market" times to be specific. The will be losses to some cryptos because not all cryptos are having price increase especially the small ones in this industry.
2247  Economy / Gambling discussion / Re: [Boxing] Floyd Mayweather vs. Logan Paul - February 20 on: December 07, 2020, 01:16:25 PM
Floyd has the advantages in all aspects. Size won't matter that much in Boxing if you cannot utilise it. I am not his fan but he will more likely get this match 'without sweat'. Professionalism matters not only in this sport but to all branches of it. Logan is an amateur on this thing. But what's important is why and how this fight was created. Money? that's how many people see this. Both has popular and that I think made this match possible. Floyd won't fight someone without having something in return, and that's for sure. Probably not a toe-to-toe fight as how I will view this match up. But props for those who made this possible.
2248  Other / Beginners & Help / Re: Newbies + Bounty = Zero future on: December 07, 2020, 12:08:14 PM

One thing's for sure though, it's pretty evident that a lot of them really don't give a crap about bitcoin and cryptocurrencies and there's nothing we can do about that.
Maybe they are not aware but there are some who are, but their actions won't give them anything. The standards on bounties are now "higher" than before wherein there are projects accepting low rank participants but things are now different. Most of the time, projects prefer Sr. Member rank and higher. Full members are not even having huge opportunity in projects, so what more if the ranks are lower. Eventually they will be more likely pushed to work with their ranks. For sure they are here in this forum due to rewards and not merely discussions alone 'coz what will they get from doing so? It will trigger a domino effect. They would work on this forum, pushing them to interact with other users which will eventually give them knowledge of what this technology is all about.
2249  Bitcoin / Bitcoin Discussion / Re: Different opinions about bitcoin on: December 07, 2020, 11:25:59 AM
Opinions are subjective, it is just as how they think of or understand something.
Difference of opinion about bitcoin is based on the difference in the level of understanding and the difference of interest the users had in learning/knowing about bitcoin. Most commonly I've heard people describe bitcoin as a specific asset developed for the gambling needs. This is much into the minds of people who aren't aware of bitcoin for other needs. In such a way people have got varied level of understanding that makes them believe and stand on it without exploring to know further.
Actually this technology earned different usage to people. It is a digital currency in its nature but the idea, as mentioned by others,  evolved depending into its benefits to an individual. What is obvious is that cryptocurrencies are more often used as an asset or investment in which once could make profit from. In some areas, it is a normal currency but the difference is being decentralized for which transaction fees are lower and faster. Maybe the difference with the understanding about this technology is caused by the prohibition on its usage. In some countries wherein it is not yet adopted as a medium, the only way they could make use of this, is through investment.
2250  Economy / Speculation / Re: Should we keep bitcoin or not? on: December 06, 2020, 06:33:05 PM
Depends on your "tolerance" as an investor or your market analysis, to what action should be done. It'll be nonsense to ask other people what to do because it is you who will decide whether to hold or not, bottomline is lack of certainty on how will this market behave the other day. Perhaps I'd encourage you to hold, but the market price suddenly fell and did not manage to recover within this year;regret is more likely to be acquired. Or to put it on the other way wherein I ask you to sell, but the market price continue increasing. I hope you get what we are pointing which is to decide for your own investment not to watch you regret but for you to learn.
2251  Bitcoin / Bitcoin Discussion / Re: Four Years of Living on Bitcoin Alone. Can You Beat That? Is that even possible? on: December 06, 2020, 06:10:50 PM
Sounds not as accurate as what happened in their case. Way back 2017, there are only few countries wherein cryptos are not widely accepted as a mode of payment so it is hard to believe that it is Bitcoin which they used to buy their needs as individuals. Also, the market price is volatile and they might be that lucky to be able to know ehen to buy and to sell in order to prolong their funds, which is a bit hard knowing that the market price is volatile in its nature. I honestly won't do such thing. Liquidation of all my assets to put it into something which will give me no assurance of earning profit. Well, good for them they made it through years.
2252  Bitcoin / Bitcoin Discussion / Re: Accidentally sent too much bitcoins.Company wont refund rest.What are my rights? on: December 06, 2020, 05:20:38 PM

Proofs would settle this.
Try to file a lawsuit against the company and if that won't work, try looking for someone which has higher authority than that company. And if nothing still will happen, publish the scenario online. It won't be a case against you  such as libel IF your argument is factual and is having enough evidences that will show the irresponsibility of the company. This won't guarantee actions bringing back the money lost but it will leave an image which will affect the company for sure as a counterpart. These are the ways I think OP could make to give justice to what happened.
2253  Economy / Speculation / Re: Bitcoin will increase 20X in the next 5 years on: December 06, 2020, 04:34:07 PM
I don't understand why people compare gold with bitcoins. There's no comparison and if the gold cost goes up it won't influence the bitcoin market.


Maybe the idea that Gold is assumed to be the best physical asset while Bitcoin is on the Digital version, links these two on each other. But that's indeed true, the market price has no correlation with one another but the idea on these two as "best" investments makes somewhat of a connection resulting to comparison.

20x of an increase in the market price could either be possible or not. Despite of being realistic, that a decentralized digital currency as an investment, will have such market value, possibility speaks for its definition wherein there is a chance or even the slightest. In my opinion, price would be around $30k or maybe $40k. Not go be a pessimist but I think it would really be impossible but I won't disregard the possibility of its occurrence. What makes me in doubt is the nature of price increase inconsistencies in this industry.
2254  Bitcoin / Bitcoin Discussion / Re: Taxation of 30% on gains from Bitcoin investment? on: December 06, 2020, 03:50:54 PM
Maybe this would work on third party networks, since it speaks for profit from investment which will more likely be determined upon converting your cryptos to fiat. Bitcoin and other cryptos are having a good run for this year and to how I view this, given that economies are struggling at this moment, they will hold to things which will generate money to suffice the needs of the economies and to avoid total crisis, perhaps in this case taxation or regulation to crypto investments. Trading was banned in India before and was recently pulled the decision to just regulate this technology in that area. People of this region won't be able to do anything from it unless there will be an alternative way for them to avoid being taxed whenever they will convert to fiat.

The question I am having is that, what if the market again become bearish? Will they still choose to regulate this technology or to again prohibit its usage? 'coz I think they just allowed the use of it in order to generate taxes on the opportunity this bullish market is having.
2255  Economy / Speculation / Re: Give me your predictions for the next long term peak, and why. on: December 06, 2020, 03:07:22 PM
The next peak I think is around $30k I think, not having assurance if that would be within another year or more than that. Why is it not as high as other speculations? The market is inconsistent to both pump and dump in the market value of not only Bitcoin but also other cryptos. With that being said, the market price won't increase from 1 to 100, perhaps, within a year because that's just not how this market behaves in the first place. Just think of how many years Bitcoin "spent" to acquire a market value as high as what we have witnessed, which is an enough proof. But I might be either wrong or right; no one is just certain and that's the only thing I know which is certain.
2256  Bitcoin / Bitcoin Discussion / Re: has bitcoin achieved its goal? on: December 06, 2020, 02:27:33 PM
Bitcoin has accomplished a lot over the last few years and deserves a lot of credit for it but has not achieved its goal yet.  Bitcoin is set to achieve global protection whereby everyone will accept its use in terms of payment methods and apply it to their business and transactions.
Accomplished a lot? I don't think so. In my perspective, Bitcoin is originally a digital currency and the difference from traditional digital currencies is simply decentralisation wherein transactions would cost less and faster at the same time. The only thing I think Bitcoin have achieved is support from people who benefit from its advantages but what's important is that  it have established large community of users or I would say investors. Bitcoin still is not being used on daily transactions because it is more often used on investment purposes which is not a bad thing.
Thus, there's still more to happen in order for this technology to fulfill its "goal" or purpose in our lives.
2257  Economy / Gambling discussion / Re: Anyone who have worked or currently working in casino? on: December 06, 2020, 12:54:55 PM
A gambler falling to financial problems would simply mean that he made a mistake e.g. betting too much or being too greedy to win.

Stories would be the same if you will ask casino staffs on why do people lose that much in gambling. But things would be different if you will ask gamblers, since they are the ones who are experiencing or have experienced such thing. But if you are expecting for a leak of strategy in order to manipulate the outcome of every gambling game and in order to avoid losses, that won't be possible 'coz for sure they don' t know a thing about the tricks if there are any. I have a friend who is working in a casino and I'm sure you are not the only one wondering of such thing. Many people who know him asked him the same thing and he just don't know which I think is an honest answer 'coz if he knows something he might use it to earn profit from casinos, for him to not work anymore which makes sense, right?
2258  Bitcoin / Bitcoin Discussion / Re: [POLL] How many of you have not "bought" bitcoin but still hold it on: December 05, 2020, 10:44:13 PM
At first, I started with small amount investment in Bitcoin, that was way back five years ago because one of my colleagues brought up the idea to do so. Then surfing around the Web, I have encountered this forum approximately after two years. I have read topics regarding bounties, faucets, air drops and the likes wherein one could earn not exactly Bitcoin but altcoins most of the time. Tokens or rewards from crypto projects could be traded or sold on exchanges and I decided to convert most of it in Bitcoin because it is having a higher chance in my opinion to have a price increase over the years due to its wide range of community users. But there was a point wherein I invested additional amount, specifically when I had luck the same year Bitcoin reach its ATH.
2259  Economy / Speculation / Re: What's next for Bitcoin? on: December 05, 2020, 10:10:52 PM
Let's all hope that 100k is not as impossible as it was one time go. I mean it is still quite difficult, it is still unlikely but it is not impossible anymore. I really want to see bitcoin break over 100k eventually, this could take one year or 1 month but I would love to see it.

Unrealistic I think.
It's market price is struggling to break the $20k mark at this moment so I think it will be hard to reach $100k within a year of progress considering inconsistencies regarding price increase. What's more likely to happen is to break the $20k mark. Determining what's next will be difficult because it is more anticipated for this market to experience a price correction upon reaching its ATH for this year(close to possible). I do personally expect a price of $30k on the following years but not as much as a hudred or more.
2260  Bitcoin / Bitcoin Discussion / Re: Bitcoin Adoption: Universities now Accepting Bitcoin for Tuition Payment? on: December 05, 2020, 09:38:59 PM
My question still remain; Is it sustainable? will this continue in the bear market? A volatile coin cant be used to stuffs like this, this are exploit to acquire bitcoin in the bull. It is a selfish move not for long term benefit of the space, I saw this in 2016/2017 not even in 2018.
It would sound weird if they would stop accepting such mode of payment once bull market is over.They should more adjust the amount if ever market price will again fall than to make a sudden stop to a mode of payment wherein in the first place they are the ones to make that offer. But that's indeed a good question, will it sustain the financial needs of the school? 'coz probably they won' t use Bitcoin to pay for services when the price is low, unless the owner of the school is mad rich that he will be able to provide money in order to Bitcoins of the school to not be used and to be held until the market price again become bullish, if a downfall occur in this market.

If this one's true, then it would really be a huge step towards acceptance of this technology.
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