the max btc i ever own was 1.2btc. that i won in betting in cloudbet.com . I started with 0.3 btc and reached there.Half of them i converted into fiat and gambled more with remaining and lost them  Interestingly I also have a similar fairy incident like story with cloudbet, I bet around 0.07 bitcoins I somewhat remember on a tennis match between federer and someone , I really do not remember who it was and the odds were like 5.xx and then happily I WON  |
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This hard lesson I have learned after lost good amount of money that going with balanced policy is best. You can be good as long as greed doesn't come near you. Now I can say that I'm not greedy anymore. I have radically changed my gambling style now I am with +ve balance and have peace in mind as well.
Every gambler who goes with greediness, will definitely learn a good lesson from his gambling. Because, no gambler will be successful with his greedy at the end of the day. Because your greediness will push you go for gambling again and again. Only a lesson will be the benefit at the last round of gambling. |
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I've been thinking about it since last night and I couldn't find an answer to myself.
I know that there's a 21 million block cap and we wouldn't actually be here to see that time it comes to that point.
But assuming that we have reached reward era 34, what happens then? Miners wouldn't have any rewards from mining then.
Anyone care to help explain a few things for me?
I assume, during the reward era 34, the block reward would be around ~500 bitcoins. Yes, newly generated ~1 satoshi + 500 BTC from transactions fees. As of now miners are gaining ~0.7 to 0.8 BTC tx fees with each block rewards. 2 years back it was around 0.15 BTC. Miners will have a definite reward for their efforts always, bitcoin price is the another factor will ensure that always. |
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Save it for 5 years and then by a boat.  saving it all and then buying something is a really great decision to do in my opinion though you shouldnt forget that the price might go down a lot too in the future For the long-term holder, the intermediate price fluctuations of bitcoin is not a concern. I would suggest and I will do only saving those bitcoin for some years may be till 3rd halving too. See Satoshi, if you want to be a millionaire, you must follow the billionaire, satoshi. Save your Bitcoins like Satoshi for ever (or for years at least). |
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Paypal is better than bitcoin in terms of online shopping. Most merchant accepts Paypal as payment proccesor and for bitcoins only few. So even we have already BTC, we still need Paypal for backup. I know I can use my Paypal account in the future when I'm ready to cash out my dollars in online job.
I think we do not need to say which one is better because basically both have their respective advantages. for today is bitcoin can not just count on to process payments and if you use paypal aid was not an problem because now between paypal and bitcoin is no barrier anymore thanks to the help Coinbase indeed there are some things that only paypal can do and in the other way bitcoin as well. Paypal is more secure in my on opinion in terms of purchase but bitcoin in terms of identity so both of them has its advantages. Only problem with paypal is that it sometimes locks your account without any valid reason at all. Never actually had that experience first hand but I've seen it happen to one of my friends. Although I'd had to admit I still am using paypal because there are a lot of sites that are still only accepting from paypal and no bitcoin. |
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Then it's time for me to sell all of my bitcoins. Having said that I will be a millionaire and I will retire from my job and become a businessman. My investment in cloudmining will provide me thousand of dollars daily ha-ha. I will build a big house and a brand new car and appliances. I will buy a franchise of fast-food chains so I will increase my income and will ni longer be poor. Not exactly what I was thinking, but it was in line to that. I thought, since I only have a few coins, I'd probably sell them all and try to make a more profitable business with those. Then I can just sit back and relax for all the hardwork I have done and let my children be the predecessors. |
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no, because bitcoin is a cryptocoin, all markets in my city and country don't accept bitcoin so i need real money as a salary, for me bitcoin is only an hobby that with it i can buy some things in online shops
You know that you can exchange your bitcoins at exchanges and get the fiat as you use it at your country, the problem is that banks may not allow you to get the money from bitcoin as they dont know and dont wanna problems. The same as you bitcoin is an extra source of income, besides all market where i can spend it online im happy to keep my salary in fiat , bitcoin salary would be a risk all months . Well, first off, receiving bitcoins as a salary is either profitable or a good loss of money. The risks of value fluctuating is higher than the value going up. With that reason alone, I am afraid I would not want to receiving bitcoins as my salary just yet. I am not yet prepared but there will be a time when I will. When many will. |
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Everyone here has the hope that Federer wins the match, but recently Federer got defeated to Querrey . So I'm not gonna bet this time.
even though Federer lost to Querrey it does not mean raonic is better than him on court , infact Federer has lot more experience than raonic ,even-though i will go for raonic during this match as i believe he got the best service tactic and he can even counter attack well. well , Raonic proved that he has got power to be champion , i am now sure that we gonna see a tough competition this final , not sure who will be with raonic , murray? My bet for final ML Raonic. Well, the best server vs the best returner, what can you expect ? I think a easy win for Murray it will be even if he plays 50%of his potential. Reason being he has been enormous in this tournament. |
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May I join your campaign
Btctalk name : rickadone
Rank : Sr. Member
Post count : 552
Wear appropriate signature code : Done
Post slack channel username : rickadone
Btc Addy : 1He3wamVSRWCGFoREfXraTsqYMzzG7Kw9y
Thanks.
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I want ask anyone if i give you 10 Btc what will you do. because i want investment but i have no any good idea to invest it (except gambling) but i don't like dambling.So i want ask you viewS.
HOLD THEM for the long haul.That's that simple. thats true i think that that you surely should hold all of your bitcoins in order to benefit a lot in the future because bitcoin price is definitely going to grow a lot in my opinion i would also most probably do some trading with other cryptocurrencies and bitcoins because in this way i could make even more money then, that would be really cool to be honesty Holding is the best idea to get the maximum profits possible with bitcoins but it wouldn't hurt to spend a part of your bitcoins, say 10% of your total coins every month. For me, that's the best way to enjoy bitcoin because I have a somehow constant amount of bitcoins received everyday. I'd like to spend a part of my bitcoins so I could at least enjoy what I've worked for. |
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What will happen if miners stop mining bitcoin? Will result in broken blockchain or any other problems to the network? I would like to buy some bitcoin for long-term investment and not plan to sell for years
If miners would stop mining bitcoin, then transactions wouldn't be processed and there wouldn't be any additional supply of bitcoins anymore, rather, bitcoin would just stop functioning. It's really scary to think what will happen because bitcoin largely depends on miners. |
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Mining reward will be zero by 2140 A.D. based on the block reward halving frequency of four years. So we all will not be living by that time, but miners keep on mining even they don't get block reward as fee will be enough to keep mining. As by that time i think even 10000 satoshi fee will be valued more than a dollar so making mining still profitable by that time. Bitcoin network is self balancing for its existence this is really a great feature for sustanibility of bitcoin. That's why we all love bitcoin.. I don't see the point for us to even be thinking of what will happen to miners by then because just as you said, we won't even be here when that happens and given the amount of time left for that year to come, that's quite a lot. There are nearly endless possibilities that can occur in that span of time. |
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Do you think that people hate bitcoins why?
Are you hate bitcoins or like it.........
But my answer is I LIKE BITCOIN.
95% of the people don`t know anything about bitcoin and don`t care about bitcoin. Why do you think they hate bitcoin?It doesn`t make sense. Where are you from?Your english is bad.....  Well, insulting fellow members is not the best idea. We all are bitcoin lovers and please if someone has poor English but is trying to help the bitcoin community grow do not insult him. We need encouraging people in this community friend |
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Most people don't know about bitcoin. and the people who know, well they are for the vast majority sceptical, for now it's still incredibly a closed tiny world. Even if everyone talked about it for a while (the news, good magazines, etc) after the initial 'that's cool' people in the middle lost interest. I believe the main reason is that they perceive the entire thing like something dangerous somehow. I talked with a lot of firends that know bitcoins but are just too scared about trying and they don't have a good incentive (basically they don't need them): If you spend just a few hours on your laptop every day, you may see the entire thing like a distant and complicated world.
Most people wouldn't even dare touch the surface of what's bitcoin is to provide. Even the smallest info. People are too ignorant to know of the possibilities of bitcoin and too afraid because the mass media has always been reporting negative issues about bitcoin. |
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This is obviously a scam.
I guess it isn't wrong to trust no other crytocoin than bitcoin, just like I do, right?
I mean, it's a matter of personal preference, I know, but it's probably the safest way.
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What to do when you are laughed when first told about bitcoins ?
I was laughed earlier from friends when I told about bitcoins but when I told them that the price of bitcoins has doubled, they simply apologized to me and asked further. So, I believe when bitcoin reaches some peak levels, everyone will turn as bitcoiner by simply following us.
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If I were rich, I'd probably choose another way to interact with gambling - buying a casino  a good way but full of high risk than gambling. because having a casino is to be given a guarantee of safety and comfort. So if you don't have these criteria then don't ever buy a casino or you'll go crazy Hahaha. That is so not a bad idea at all. Lol. Own the casino and play in it. Promote and get your friends to play, win win for you. That is good but the question is when you have like millions of dollars and bitcoins, why would you even want to run a casino and get all the headache of managing and running it, because it is not as simple as most of the people might think. |
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Buying now is a good idea, but you can only do that if you have enough money because we believe that the price of bitcoins would go higher as the effect of block halving happens. I don't mine coins but I'm able to earn satoshis from services and save it.
That is right buying is a very good decision because we can see that the price is continue falling and it's a good sign for us traders or users that don't have enough money to buy the bitcoin at the price before. And the second thing to do if we bought bitcoin is to continue holding and expecting for the price to reach our satisfaction so that we can sell our coins and get great profits. If you want to earn higher profits at halving then this is the best price to buy, price is below $600 now, so even if it reaches to $800 at halving then it can be profitable to sell. From what I see, I think the price will go over 1000$ after halving and that is the least price which is expected to be touched and rather crossed. I think if you are mining bitcoins and you have big chances to double your profit if you are just a bit patient till halving happens. |
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My first advice would be to make an excel sheet with all your income and outcome
Note how much you spent and deduct it from your income. At the end of the moment see which cost were not needed.
Excel sheets are great for learning how much you actually make and spend weekly/monthly but do not rely on the extra income only set your base from guaranteed weekly/monthly income so you know that's what you're automatically getting then subtracting everything you do for that week/month even if it is not a guaranteed thing that you're going to do constantly. You don't need excel sheet because there is an easy way, you just need to search for an app, download it and install in your phone, it has a template and all you need to do is just to fill it then you are good to go but remember you cannot achieve your goal if you do not follow it diligently. Well both of your suggestion is just fine because it's depend on a user. It Person A feels using excel sheet then that's fine, if Person B wants an smartphone app also fine. People has different ways to take down their spendings. Most common is a small notebook or notes. Yes and these sheets and apps are actually very important, because they might sound as a propaganda before saving but actually unless you do not know how much you earn and how much you waste, you can not save anything at the end of the day. Keeping track of records always good for peace of mind sake. |
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On a small research , I will explain how bitcoins are much safer than other currencies.
See when you send someone money from your PP account then you are always vulnerable as he knew your ID, but with bitcoins you do not have to worry because that address is useless without the private key.
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