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2621  Economy / Economics / Re: New rich people thanks to BTC on: June 21, 2017, 06:06:36 PM
Everyear if you want to become instant millionaire the number of bitcoin decrease. From ten thousands to thousands to hundreds . I hope i will become instant millionaire soon . As of now for sure many people instant millionaire because of the price.
You are right with bitcoin prices around $2700 and we just need some ~350 bitcoins to become millionaire. Some country must be having low money value and those people must have become millionaire with lesser amount of bitcoins. I guess I need bitcoin prices to hit six digit prices so that I may become millionaire instantly. I guess for that I may need to wait some more years like up to 5 years too. 
2622  Economy / Trading Discussion / Re: If the bear market started tomorrow. How would you adjust your porfolio? on: June 21, 2017, 10:02:28 AM
I never bother about bear markets because I am not holding any altcoins in my long term portfolio. I am having big faith on bitcoins and also so far bitcoin is bouncing back more quickly regardless of how heavily it did get dumped. So, I am not worrying any time to adjust my investments plans according to sudden market condition changes.

I guess only altcoin investors must need to sell off quickly before bear markets starts otherwise they may need to wait for longer periods to recover their capital.
Your plans are seeming very good but I just want to know what you have been doing when bitcoin prices falling from ~$900 in 2014 and 2015 to $200 price levels ? If you were into bitcoin trading at those times, I guess as per your above statement, you must be holding your bitcoins for years so that you will be recovering over losses slowly.

I mean to say that adjusting portfolio is always good. Somethings those adjusting portfolio might help us to prevent holding and waiting to recover losses. 
2623  Economy / Trading Discussion / Re: Fixed income with BTC trading? on: June 21, 2017, 09:37:54 AM
With trading, your income won't be depending on a constant factor. There will be a lot of things that can affect the result of the trade and most of these are inconsistent like the fluctuation of altcoin prices. And since we can't really predict exactly where they're going to move to, we can't expect any exact amount for profit every single time.
Some people will never understand how the basics of trading mechanism works and they are still expecting income generation from trading like how they are making with their day job.

Making profits from trading is only possible after overcoming many difficulties, sometimes those difficulties may persist for the time being to block profit booking. In those times we cannot be assured to get profits like before. So, commonly a trader can expect and downs with his income from trading.
2624  Economy / Speculation / Re: BTC can be a great store of value. Not for small transactions. on: June 21, 2017, 08:45:33 AM
after activation of segwit2x,situations would change.So,by then,bitcoin could be used both as a commodity of high store value as well as for smaller transactions.WE could soon expect the return of earlier days of fast transactions with very low fees.
Yes I am also waiting for those golden days back to action. Those greedy miners are really killing our sprit over bitcoins, even we can understand this is just a business for them but we should keep bitcoin competitive against other similar payment processors which are all advertising themselves as friendly to small transactions.

There will be no wrong for bitcoin to be staying like great for a store of value at the same time more suitable for small transactions. Honestly I'm praying those golden days to come into effect again.
2625  Economy / Speculation / Re: Bitcoin Surging Anew on: June 21, 2017, 08:04:27 AM
The past few days have been rather boring, with no real big moves in terms of the price, compared to the weeks that came before it. It is nice to see that the price is moving slightly upwards again, but this time I hope at a sustainable and a slower pace. This way, the price would not be subject to too much swings up and down very often.
Boring ? Probably you must be an active trader, I'm not actively trading bitcoin and hence not finding anything different. When bitcoin prices are trading stable, I do find altcoins trading are easier to make easy profits. Usually bitcoin prices are remaining stable just before getting into another big rally. I am expecting another big wave to get start by this week.

We can expect always new ATH to happen repeatedly. Because we are in waves which might last till reaching million dollars, so breaking ATH again and again may happen more frequently.
2626  Economy / Speculation / Re: Is it worth buying bitcoins now? (2000$ /btc) on: June 21, 2017, 07:30:01 AM
I think now is a really good time to buy because the price has stabilised and I think its only a matter of time before the next pump to put it above $3000.
i think we can buy bitcoin at any time there is no such a specific time for buying bitcoin. because there is still too much potential in the price of bitcoin and therefore me i think it is still the best time to invest money in bitcoin.

For more profit you can buy bitcoins when the bitcoin's price under $2.300. Because the price of bitcoin always increase even the price going down like 2-3 days ago. The price of bitcoin is around $2700 right now and i think it's still worth to buy bitcoins now.
There were people who are just aiming lower prices for buying and missing current price and then regretting after seeing bitcoin prices jumped in overnight. If we are aiming to buy at $2300 levels then we may miss the current levels too. Because we cannot be sure bitcoin will be falling in near future. Prices may rise up to $5000 levels before end of this year. If you are seriously considering this big price levels then buying right now must be the right decision.
2627  Bitcoin / Bitcoin Discussion / Re: are transaction delays crashing Bitcoin prices? on: June 21, 2017, 06:04:23 AM
Transaction delays does make a person want to sell or purchase Bitcoin though with Bitcoin transactions having a negative impact on the price, the price of bitcoin will only affect the price short-term. There is a general view that Bitcoin will have a very expensive price in the near future and the cost for the transactions are nothing compared to it right now.
It is not a big deal, prices of Bitcoin can be increase or decrease with time. It's not like it can affect its value. Transaction cost increasing could make people hold it till it most increased price. Until it will and them the highest level profit. So people buy Bitcoins and are ready to invest in it or to trade it with time. Transaction cost are nothing as compared to its price now a days.
Also when the price is high people become more conservative, in fact I myself am a pro gambler and when the prices are high, I take a pause in gambling or do it very slowly like 10 times lesser than what I normally do because there are two reasons first of all the transaction fees as mentioned and the other is I believe that if I can just hold and not loose my coins that is itself a win for me.
2628  Bitcoin / Bitcoin Discussion / Re: How much risk in bitcoin investement ? on: June 21, 2017, 03:10:49 AM
Despite Bitcoin’s impressive annualized returns since its inception in 2009, the reality is that the currency is still in its infancy and no one knows whether it will really become globally accepted or whether it will eventually disappear. This uncertainty surrounding Bitcoin’s future is reflected in its price volatility.
Exactly and still a large number of people believe that the price of bitcoins is being manipulated by the creators and the big holders ( which I agree might not be true ) and hence they can't just trust on it.

I introduced bitcoins to a few friends of mine, well with a personal interest of mine, as I wanted them as referrals for a gambling site, but they simply told me after a week that the price is just increasing and decreasing too much and it seems like a ponzi, now how do I explain them its not.
2629  Economy / Gambling / Re: BitKong - Fun & Addictive, provably fair bitcoin game. on: June 20, 2017, 08:29:55 PM
Hi guys,

How big exactly is your house edge? As at the first square is 3% but then seems to be smaller? Or I'm mistaken in my calculations?
It's addictive as much as Satoshi mines, but 3% is kind of big for me.
The house edge indeed is a bit high comparing to other sites but they have a unique sort of game and not just a simple dice game.

Players are bearing like 10-15% edge on sports and hence if a creative game comes out, its normal to expect at least 2-3 edge and maybe more/less if the game is multiplayer ( which bit kong is not though )
Personally telling, I love the sleek design and elegant look plus that background sounds.
2630  Economy / Gambling discussion / Re: Does experience matter in gambling? on: June 20, 2017, 06:23:27 PM
It will always matter, why im saying because there are people wich does studies the market, the teams, collect information and them make their bets, while newbies just bet without any information, sure the lucky is the key of the sucess at the most gambling but strategy and information will always let you with better ods to win.

It depends on what are you going to play for, if it is for profit then it might be useful however if it is only for fun then I dont see how this is useful. I play for fun so I dont need to think of anything while I do that, I want to have as much fun as possible thats why I dont want to care about the result and only want to enjoy playing
But when the fun turns into addiction is actually controlled by experience. When I was new in gambling I was wondering I would be playing just to pass my time but then I got addicted. You nee to be experienced enough to avoid addiction and yes if you are doing gambling for profit then experience matters tremendously, you come to know things like arbitrage betting and other no-loss strategies.
2631  Economy / Gambling discussion / Re: Is playing casino games online a good idea? on: June 15, 2017, 06:04:50 PM
I think it's up to the individual to decide for themselves based on who they are if they want to gamble or not. If you have an addictive personality then you probably shouldn't be gambling. If you can control it and want to gamble and it's fun for you then go for it.

With the technology that we have today it's really good to play online rather than going to actual casinos in your area. It's more convenient and safe for you.. but just beware of the sites that would scam you and take away your money.

How is it safer ?
When it comes to offline casinos most people think of casinos in Las Vegas, but that is not the way most offline casinos are, most of those casinos are in bad parts of the city and are illegal operations, when you compare that offline gambling with online gambling, online gambling wins hands down.
Actually offline gambling is quite boring but a lot of physical appearances and glamour makes it interesting.
The games are hardly any interesting and of course not provably fair, the most I have played is the round roulette which though is good but you feel really bored.

I would have loved to see a casino supporting sports bet or a unique game, cause just placing money on a number and then waiting to loose is very boring.
2632  Economy / Gambling discussion / Re: Worst mistake in gambling on: June 15, 2017, 05:37:47 PM
mistake I ever had when I was playing dice. when I did not realize I was using a 5% chance, and in conditions of max bet. one click so lost all Grin

I've tried that too. I played in different games and I wasn't expect that I'm wasting my money and time for those things. It is time consuming and then I decided to stop playing it. Now, I was focusing in my signature campaign besause I know that I'm earning a lot of money. I posted  in my signature to add my activity and rank up my account so that my salary would also increase.

Same here we should really focus on other things to get away from gambling.  Im focusing too on having follower grow for addtl income

It is a good thing of going our of gambling if one is really not able to control and play only for fun. Because in these games one can lose a lot of money if they gamble only for making money. You can use that time for some other ways to earn money and invest some money in good altcoins also to increase your profits over the time. You should go to gambling only when you want entertainment and don't spend more money on it.
Yes, this is a very good decision. Before I was a user of the Bitcoin I use to surf on the internet a lot and most of the time I use to play online games and gave my time to the facebook activities.

Since I am on this forum I have quit all these activities and limit them very much because I have realized it too that it was just a waste of time and nothing else. I am happy with the time I spent on the Bitcoin forum and earn more.
2633  Economy / Service Discussion / Re: Have you ever heard about such a BTC system we need? on: June 15, 2017, 04:13:18 PM
There is nothing new in this concept but most of the so called farms end up to be a scam after a certain pint of time.

The biggest challenge in mining is, the hardware and other resources cannot be procured with crypto currencies, but flat and the drastic ups and downs in crypto price makes it difficult to be at par in terms of service being offered.
2634  Economy / Service Discussion / Re: Multi wallet? on: June 15, 2017, 03:48:45 PM
I was wondering, is there any offline wallet that can hold altcoins and bitcoins?
I'm kinda done with having 10 different wallets :/
You are sparking with some new idea but technically I am not sure how much it will be possible.

As of date no such wallet has been created or attempted as each coin uses it's own technology which is not compatible directly with the other. However there are exchanges which offer you multiple wallets in different coins which you can give a try.
2635  Economy / Economics / Re: What would happen if Bitcoin became a legal currency? on: June 15, 2017, 02:11:58 PM
Everyone would like the bitcoin is accepted in all online and real stores and, as as mentioned in the title, what would happen if Bitcoin became a legal currency?
People would get more confident in using bitcoin since it has been made legal.Demand for bitcoins would rise and probably,its price would rise high.Tax would be levied on bitcoin earnings.Banks would loose more revenues which they get from money transactions.

Being legal means having tax,it may cause really a great increase in its value, but will lessen our net earnings due to taxes.
Yes, currently we are paying no taxes to the government on the earning of the bitcoin but if it is legalized the government will demand tax on the earning of the Bitcoin and this will really be a hard time for the people earning the bitcoin.

The net earnings will definitely be decreased and it may not be the favorite mean to earn anymore. People like the bitcoin for the reason that they don’t have to pay any taxes from the earning of the Bitcoin.
2636  Economy / Economics / Re: What don't you like about Banks and Banks controlling your money on: June 15, 2017, 01:48:35 PM
Banks have had it's advantage but the major issue I have with them is the control they have on your money after they had cajole you to open an account with them, they then give a list of restrictions on your same money you earned by telling you the maximum you can withdraw, the ban on your account in case you have not submitted some form of ID, they charge your with or without your authorisation and equally with government backing meaning there is nothing one can do about it.
Yes this is a major disadvantage that the original owner of the money have is the they have no control over their own money and they have to follow the rules of the bank regarding the cash transfer and withdrawals this is also one of the major reason the people liking the bitcoin because they are fed up of this attitude of the banks where you will be facing problems dealing your own money.
2637  Economy / Trading Discussion / Re: btc crash now = TOP buying opportunity ? on: June 15, 2017, 12:31:44 PM
i'm buying a ton of it now
Sad to say i did miss the 2600 price buyback and now its climbing up again on 2750 price and would definitely reach up again new heights and $3000 would be easy now and its not too late to buyback now securing profits later on.Just been said above i do really love the ride on bitcoin price waves and it do give profits if you know when to buy and to sell.
I guess, there are plenty of chances as bitcoin is still around $2300 so no worries you still have a chance to go for it. I am sure this time it is going to hit $3000. Don’t really know what the actual reason was for the price being coming down but I assume it as correction because there is no major reason other than that currently.
2638  Economy / Trading Discussion / Re: How to increase BTC? on: June 15, 2017, 09:02:35 AM
Hey guys.

How can I increase my bitcoin money? I am a bit curious to those people who can easily make money “btc” grow fast. How do they it correctly?
Can I ask a bit of advice on how to manage it like what you do?
Of course I know many people here want to know too.

Maybe it is good to share a little of it. It would be great if we grow together.


You are in Trading discussion so trading is you need. The risk is high if you want to earn easily but you can easily lose it too. Trade with altcoin that has a good future project that's the best Advice. Buy low and sell high, if the coins dumps just wait to pump. It will pump sooner or later so don't sell it at dump price.
There is nothing new and attractive in this statement. I think if you ask from a child he will also be knowing it that buying at low price and selling at high will give you profit. Also the risk factor is there but it can be mitigated.

Work on your trading strategy also one more thing to be keep in mind that the trading is not a fun, it is a full time job and if someone wants to earn from the trading he/she needs to devote the time to it.
2639  Economy / Trading Discussion / Re: Exchanging bitcoin to GBP and Euro? on: June 15, 2017, 08:30:37 AM
I wonder if you can advise me on exchanging bitcoin for other denominations. I have some bitcoin in blockchain and I want to withdraw GBP cash with a Cryptopay.me debit card. Should I exchange it in block chain then send to cryptopay.me. Or send bitcoin to cryptopay.me then exchange to GBP on cryptopay.me Or send bitcoin to payeer and exchange there and send on to cryptopay.me? Or use any other exchange place to get a bit more than the going rate? Also the same with bitcoin to euro that I want to send to Western Union. Should I be looking at getting more than bitcoin is worth in those currencies, or/and just exchange with the programs I mentioned?
Yes of course you need to go through this procedure otherwise you will not be able to do so. I have the same card as well so I first take my earnings to the international exchange and then to my card or to the local exchange for directly to transfer the funds to my account or to receive a cash on counter without using a card system. But in both the cases you will have to go through the procedure.
2640  Economy / Gambling discussion / Re: What's your favourite dice site for profit on: June 14, 2017, 09:02:14 PM
i have a question that how to playing dice with always be profit because during playing for dice i had bad results and i think it's very difficult to get steady profit from dice because this game results based from our luck however even my gamble results in dice game was pretty bad but i have several favourite dice sites such as primedice, rollin.io and fortunejack
I used to love fortunejack too but actually there was a time when they got red trust here and since then I stopped gambling there and hence I am not sure if I was in profit when I left or in loss. I recently made some good profit at bitsler but that said I am sure I will loose that very soon and guys rather than profit it's more important to know which site is more decent and enjoyable.
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