Three years ago or two years ago, if you asked me what Bitcoin is, I’d tell you it is the future of money. It is managed by the network, not by the government. Plus, it is private, anonymous and fast. It’s just perfect!
And Bitcoin is proved very successful. But it has inherent risks like anonymity, hacking，51%attack, double spending. Stop imagining bitcoin is perfect. No coins are perfect. I’d say bitcoin means more about possibilities, possibilities of expression of value. Before, I’ve been taken it for granted that the government should control currencies. But now I’d like to take a moment to think of the question:
“What is the nature and origin of money?”
You're right! i embraced bitcoin for the first time in the beginning of 2013 i thought that it was the "future" "private" "simplest" and "faster'' payment method well all three are doing well but the last i mean the "faster" idk if it's just me or..? that bitcoin transaction is very slow for normal transaction you must wait 10-30 minutes to get confirmed, i know that if you want to decrease the time you must increase the fee but it's not simple anymore if we must check and estimate which fee should we use to get fast transaction. Maybe this is the only reason why i don't like bitcoin, while others I'm very satisfied. There is still a problem with bitcoin where blocksize can't be upgraded and still using the size of 1 mb for each transaction, this becomes a complicated problem if the transaction ballooned in one time and will result in pending in long term. I am not so sure that people always boast of anonymity because the world government puts more emphasis on financial transparency and self data, this is a reverse current for bitcoin so until now the American government doesn't regard it as legal tender. |
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Unfortunately I'm not part of this club and its very likely that I will not be, at least not in the near future. I don't earn that much Bitcoins and also don't have enough funds to invest to,achieve some more significant profit so 21 Bitcoins is out of my reach. But at today's price anyone who has a half of this amount is very lucky and rich enough.
I'm more newbie compared to you because I was new to bitcoin at the end of last year, I think people who continue consistently from the beginning of bitcoin are growing, they've pocketed dozens or even hundreds of bitcoins at the moment, I chose to try to collect more bitcoin than envy and Continue to compare themselves with this club. |
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There is no other cryptocurrency in the world that is going to become more famous than Bitcoin right now...BTC is better suited to be an safe haven asset, capital investment and long term option for hoarders.  It seems you are not paying attention to altcoin assets that keeps growing and can come in anytime when bitcoin fades, for example the smart contract concept offered by ethereum that has got the trust of its users, I don't say bitcoin will lose, but all success in this world comes from Endless innovation, if innovation die it will be drowned by competitors. |
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I don't know what I would do if I won a whole bunch of money, maybe I would purchase a new house or something.
better to buy something productive . so your money will not just stuck there but keep growing. human needs will never have a limit , so does you need an unlimited money soon or later to fulfill what you want. i just think that was not a good idea . considering you will not always win the game then to build a new business beside gambling will be the best choice i think. For me gambling is a business that is not entirely legitimate so the profit generated is "hot money", maybe you understand if viewed from religious side, I'm a rationalist and also religious, so I take the midpoint to spend gambling profits as soon as possible, Whatever we keep it, will still run out also for reasons that are not in accordance with what we planned. |
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When we think about investments we imagine investors with big sums of money, so for btc casino it would be 1 or more btc, for instance. However, the minimum amount you can invest is usually 0.01btc which is only 10$. Do you think such investments are profitable but you earn small sums or maybe they don't make sense at all? Can someone explain it to me?
Small Investment are really profitable thing for the Investment purpose . Suppose you Invested 1 BTC in a project then what will happen if the project got stuck and idea and success go to hell , in that case you will loss Everything . But if you will invest 0.01btc at 100 places then chances for the return into best profit will remain more because if one project got down then another all projects will goes on progress , so in small investment profit may be small but risk is very very less . A big thing for the Investment in the bulk for a single project is that you need to more time for the Profit until the project grows at its best .So make every type of Investment cleverly . 0.001 btc in 100 casino? This is a very risky thing because the nominal investment is small just to make you not think rationally and tend to spend it very easily. It's better to break up 1 btc in 5 gambling places and try to focus on 3 casinos to make total profit, while 2 casinos for trial and error, this is very effective than investing in many places. |
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Many factors that I can conclude, starting from the unpreparedness of the system / server that can not be more intelligent than the tricks users do, lack of capital, and even corrupt developers trick the owner by becoming a gambler who knows everything about gap of system. But casinos that have been through more than 3 years would have survived from things like this.
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I think this doesn't affect global price because yapizon is trying to be responsible for returning the existing funds "fei" but looking at this news I'm just surprised that bitcoin prices are now likely to rise, meaning there are other issues that affect price increases such as increased volume in localbitcoin.
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Well one of the best way to carry something is having it on your own body and making something a part of it. As we can see in the future in movies, people access certain doors and securities by using their hand and having some chip on it. Of course it's good but I think it will be more prone to bad people. They will cut your hand if necessary in order to steal.
I've heard some news about making DNA as a storage device which I think more reliable than implants. The bitcoins are in your cell not worrying about a wierd chip in your body. Well it's still all speculations and we won't know what happen for sure in the future. We still have a long way to go. Stay tuned.
Many people think of radiation, or criminals who cut off the hands of implant chips holders, but I think it's just like our wallet happens to be stolen by bad guys, crime is inevitable, but with chips and dna, monitored with gps system, The only reason I'm against this is our privacy will be lost entirely because our existence will be very easily found by certain parties because of the gps system contained in it. |
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Time + experience + discoveries + development = technological evolution
We've been on the world war one and two where deciphering the messages sent and received by the enemies are crucial. The enigma machine, Turing first computer, the abacus Nikola Tesla's invention, these things are almost a miracle in the past and people have no idea how this was made or works. I'm saying this because Bitcoin can be crack but not on these days. Humans are not capable of this feat. In a hundred years or so, then maybe. But of course this cryptocurrencies are going on with the flow of technology too which they may soon improve too.
The never ending evolution will make this hard. Even if we carck it in the future there are always be a better and something cant be crack again.
Bitcoin is a perfect complement of the cryptology that has always been championed by alan touring in the past, bitcoin has the power to be very valuable and can be traded as a currency, in terms of security I believe if 50% of the world is able to hack the bitcoin security system (crackers) There are 50% (hackers) more people able to anticipate their attacks, so don't worry too much about this. |
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Well I think bitcoin transaction fees because of the block size of bitcoin and it is problem of bitcoin
i don't think it is about fair or not of bitcoin transaction fees,
it is fact of bitcoin transaction fees must be paid by users of bitcoin, as comunity of bitcoin we must find
the solution for this problem the expensive of fees transaction.
On the other hand, transaction fee is the most important reward if bitcoin mining period is up, so I think there is no harm if we pay them whatever we want, I also have examined that no matter how bitcoin transaction fees, everything will be processed to avoid flooding that will cause the pending transaction. So this is not a matter of fair or not, but there is no definite rule about how ideally the actual nominal fee. |
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I always will understand this situation, BTC really take way tok long to confirm transactions. Even me it took 2 days tk confirm the transactions and others still experiencing this kind of problem. Hoping this will resolved immediately.
Will not be resolved if mempool flooded the transaction level at one time, because the use for each blocksize is only 1 mb, I myself am waiting for what step to do now, but this is a very classic problem where we continue to want the addition of community volume from all nations, but on the other side of the transactions that can flood the mempool at any time because the accumulation of transactions can't be avoided. |
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I think all results will be the same, because SEC decisions are based on premature and uncontrolled bitcoin systems, so the issue of bitcoin unlimited seems to have affected us a lot in the last few months because they are able to provide what bitcoin cores can't afford: Centered and held by monopoly just like fiat. But back again to the community of users who don't want that to happen, I don't agree with roger verr at all, but I also want bitcoin accepted by the SEC (no solution yet).
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Everything has a future. What is not certain is what situation are you when future comes. Well Bitcoin has been around for many years and people began to take notice of it's existence. Through the years it's popularity and market cap has grown and people start earning though Bitcoin. And yes, but on do have a future.
The investors and almost everyone on this furom believes that Bitcoin will be a great changer of the future when in terms in the means of exchange. It's okie to have doubts in the beginning, but I think the best way to be successful in this field is to first believe that Bitcoin has a future. The future is something we make, something we did our best in the meantime.
People who are accustomed to earning bitcoin income will continue to increase their confidence in bitcoin in the future, and if millions of people think the same thing, then there is a positive force for developers, miners and even bitcoin business owners who continue to innovate to answer the level of user trust. So this continuity effect is called the wheel of the future. |
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I often see that people prefer skill-based gambling such as poker or sportsbook because they think it's more profitable than trading.
But, people say that sports can be manipulated by mafia/casino for their own good.
So, which one is more risky? Skill-based gambling or trading? I think both of them have same risks because both of them could be manipulated, unexpected things could happen and many more.
Skills based gambling is risky than trading. Gambling is a game of chance and it take the gods of gambling to be on your side for you to really succeed in it. Trading if you treat well bring low return compared to skills based gambling but you can skillfully trade and have consistent success but you cannot skillfully gamble and have consistent success. You're talking about gambling in general here dude. Op is talking about skill based gambling like poker or sports bet where in you get a higher chance of winning based on your skill, experience and understanding of the game. This is not about dice, or roulette or slots that we're talking about here and skill based gambling is a whole lot different from the luck based gambling you're talking about Basically the expertise in these two businesses is equally high risk because it takes strong reasoning and often sees only from chancy side. Expertise in trading is clearly more risky for people who often apply margin calls in trading moves, and also because of the volume of personal factors that tend to be more than the volume of gambling. I have no problem with this, because the most important is emotional control and able to see opportunity when the right momentum for execution of profit and complete it in a period of time. |
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End your life whatt. Is that the only purpose you were born to earn lot's of money and then commit sucide when you lose it. Even though it was your mistake in the first place as you blindly deposited a amount like 10 btc on gambling!!!. Anyways unfortunately there's nothing you can do about it now just forget it and move on and don't every gamble again to get you loss back.
If op have little brain left he will stop gambling forever, and that is only smart thing that he can do in this point of his life. Every man make mistakes, that is normal and thats how we learn to do something right, its not normal to commit suicide just for losing money, or making few mistakes, man admits that he was wrong and try to fix it in best possible way, here fixing problem means stopping with gambling activities for good. I totally agree with you i really never understood why do humans in general commit sucide on small things like losing money , or even losing a person you love. Just think about the people who helped you reach at this point. Think about your parents. Ups and downs will surely happen in life it depends on the person weather he gives up or fights the situation. I feel the OP only issued a temporary statement after experiencing a major loss in gambling, it's just like you lost a business tender or even split up with your spouse, naturally if he feels this. I responded with the phrase "don't be too stupid if you are experiencing a downturn, immediately rise from adversity" If the OP is a gambler, then take a rest for a while (on vacation and looking for other pleasures) don't ever come back until things get better. If the OP is not a gambler then immediately put an end to gambling and try to focus on another bussiness. |
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I doubt anyone would buy it though even if it is as strong a strategy as you claim it to be. Everyone knows you can't be sure of the outcome when we talk about dice. Your strategy might work for a time for you but it can't be the same all the time for the people who'll buy it
You should be able to distinguish the original dice system with computer dice, there are many predictable possibilities from there, this strategy can be traded but must be ready to present the latest strategy updates because there is a gambling system on the computer if it has Smelt a dangerous gap, they will soon replace it with the new pattern. Strategies will be very easy to trade by people who are used to being leaders in social media groups or groups. But I am personally not interested in this kind of thing, because I have my own tactics to overcome it. |
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Some professions believe bitcoin is a threat to them, such as baking system and political leaders. Political leaders believe they wont be able to control their community economic state, so also banking believe bitcoin can affect being employed. Not that hate it, they are not just in support of a larger acceptance.
But it will be almost impossible to convince those people since they know that bitcoin is a threat to them so they will do anything they can to slow down the adoption on bitcoin, we must concentrate on those that could benefit from adopting bitcoin at this point on time. Actually, from what you mean, they just need to set some rules about the transaction to keep being monitored and gain profit for the country, it's not true if we keep assuming that bitcoin can't be controlled by them, many businesses besides bitcoin that can't be watched its movement, like most businesses Conventional, but the government can always be a part of the taxes they use in every user transaction, this is fair enough for me. |
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50% is very useful for my current monthly credit payment, bitcoin is very useful to pay for everyday needs even to send monthly money to parents. Similarly to the above opinion, I don't really think about the exchange rate that applies to bitcoin, because for me the most important thing is to generate earnings in the altcoin market. If I only monitor bitcoin price movements for any time, I think it's a waste of time, the most important thing is to keep generating and minimize the unproductive time.
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Many countries are still cautious to include bitcoins to their financial system. Bitcoin is a digital currency that is easy to experience the price movement in an extream. This is the risk that the government wants to avoid.
Although the government forbids and avoids the bitcoin it will not make you unable to use bitcoin. Because bitcoin is online and you can use it anytime. Bitcoin support in all countries if you have internet If I make a conclusion from all countries, which prohibits the use of very little bitcoin, most just do not recognize as legal tender, for me that's not a problem at all, I think the government is not afraid because the nature of bitcoin anonymous or widely used in illicit trade transactions, But because they haven't been able to draft regulation for bitcoin, or the government is not ready to apply this technology for now. |
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