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2881  Economy / Gambling discussion / Re: How much moeny you have to lose before you start backing up? on: March 28, 2016, 12:59:52 PM
I promised to myself that I would never lose more than 0.05 in a month with gambling. By following this rule, I have managed to never lose any amounts of relevant money with gambling, which makes it more enjoyable. At the beginning it was hard because you are addicted and want more and more gambling, but once you start realizing how you don't lose that much money in gambling anymore, you feel great.
2882  Economy / Gambling discussion / Re: If you were rich, would you still gamble? on: March 28, 2016, 12:42:30 PM
I would open a casino. That's my final answer.
i didn't realize that you have a good answers and i do agree with you especially with build my own casino i can more rich than now also i can play with my casino without fear of losing

Well lol you don't need to start your own casino to play without fear of losing. A lot of casinos offer free credits, so you can play the games just like a videogame and play for score and not risk real money. For example bitcoinvideocasino gives you free credits on all of the games. Once you run out of credits just delete your cookies and try again.
2883  Economy / Speculation / Re: Unable to break $400 on: March 28, 2016, 12:37:49 PM
The price is back to $425 now. I think the price will stay around $400 to 450 for the next few months.

The price will not be stable. The halvening is happening pretty soon, in less than 100 days now I think.. too many reasons to expect a good pump, then correction to establish an higher floor than before, and after than, we can talk about a consistent price, but this is the time of the rise of Bitcoin, no more stability, only moon now.
2884  Economy / Speculation / Re: Incoming $163,000,000,000 market cap and $7700 coins on: March 28, 2016, 12:32:48 PM
It's very doable. When Bitcoin reaches the mainstream and can do global transactions thanks to LN, it will have the marketcap of a major payment processor company. And even if this never happens, we are still gold 2.0, this means trillions of dollars of potential metal holders diversifying in the superior Bitcoin asset.
2885  Bitcoin / Bitcoin Discussion / Re: Which Bitcoin Client do you use and why ? on: March 28, 2016, 12:23:04 PM
I use the BitcoinCore at the moment. If there is no block size increase by June this year, I will use Classic.
Why would you use inferior software by an inferior developer team? Classic is a scam, all of their nodes are fake and run by VPS just to make it look as if they are anywhere near Core. Please research what you are doing, the whole blocksize debate is a fraud.
2886  Bitcoin / Bitcoin Discussion / Re: Interesting article regarding the IRS and the internet... on: March 28, 2016, 12:20:26 PM
People don't give a damn about any of this, as long as they can keep buying stuff and fiat is accepted for what they want to buy, they will use fiat because it's the standard. Our only hope for mainstream Bitcoin usage is that people get pissed off at government getting rid of physical cash, other than that, Bitcoin will remain gold 2.0 and not an actual everyday usage currency.
2887  Economy / Gambling discussion / Re: Made 143$ in 3 days of sports betting on: March 27, 2016, 02:11:38 PM
Fantastic performance, 143$ may not be much for some, but for me it's a ton and specially in only the short timespan of 3 days.
If there was a way to keep the gains this solid, I would quit my job and become a pro sports betting guy but I can't take that much amount of risk myself.
2888  Economy / Speculation / Re: $10,000 per Bitcoin ??? on: March 27, 2016, 02:01:01 PM
Bitcoin will reach $10,000 and more, it's in fact impossible that Bitcoin DOESN't reach $10,000 per BTC. If you consider that the marketcap is not even 7 billion, you will see the possibilities. The amount of potential is on the trillion dollars that will try to reach a safe place once the governments start stealing not only cash, but golds and stocks from people. Bitcoin will be the only way in the world to have your wealth safe from anyone. It will be the only way to know that you own what you own. Everything else is shit and doesn't matter in the 21 century.
2889  Economy / Gambling discussion / Re: Why is gambling so addicting? on: March 27, 2016, 01:47:42 PM
Everyone is desperate to get quick money, and a lot of it. People is tired of working for endless hours in dead-end jobs while others get rich, so this desperation may manifest himself int gambling addiction, where the little you make you put it into gambling in hopes of hitting the jackpot so you can get rich and abandon the rat race.
2890  Economy / Gambling discussion / Re: Gambling problem on: March 27, 2016, 01:45:01 PM
The big gamblers do it for the thrill not to win some extra money. Big gamblers are already millionaire due their business, they just wan tto have some fun. For them to lose 1000 dollars is like for us to lose 1 cent, it means nothing.
2891  Economy / Economics / Re: Distribution of bitcoin wealth by owner on: March 27, 2016, 01:28:28 PM
Could you all be so kind as to only discuss the Distribution of bitcoin wealth by owner here, and use any or all of the "Distribution of bitcoin wealth by address" threads for that purpose.

The "distribution by address" data does not give any useful indication about the owners, or if you believe it does, start with explaining how the situation has changed from the first 20 pages when it did not. Smiley

But as far as I know, it's impossible to know any data "by owner", we can only do guesstimating on "by address" and then speculate about who owns what.

There will never be a way to properly know any of this, what do we know is that the distribution is super unbalanced, but as time goes by and whales start getting scared, they will sell and those coins will go to more hands.
2892  Economy / Economics / Re: Loans too risky? on: March 27, 2016, 12:52:07 PM
Don't try to start loaning business because there is no way for people to provide valid collateral for bigger loans.
With the amount you own I wouldn't bother with any form of risky business like lending. Instead use like 1% of your holdings to gamble, you could be lucky.
I recommend poker or one of the skills based gambling games, if you want to win. You have to beat the house edge in other games, which is extremely hard to do.

Poker is over for the average person anymore. Back in the day you could make a ton of money, but nowadays the average skill is way too high and you would need to put a ton of effort into becoming a decent player if yo want to see any decent amount of monthly gains. Im not sure if it's worth the effort anymore but you can try, maybe he has a gift.
2893  Bitcoin / Bitcoin Discussion / Re: ToominCoin aka "Bitcoin_Classic" #R3KT on: March 27, 2016, 12:45:18 PM
Same applies to internet too, ISP are centralized and regulated, and they can cut your wire anytime.
This is why decentralization needs to be as strong as possible with Bitcoin. Surely, it will be much harder to shut down nodes at hundreds of different ISPs than shutting down 2 datacenters?

We should find a decentralized internet system as well if we are in the flow towards decentralized systems.
I don't think that there is one(?).

It is not even a discussion. I think that slowly big blockers will come down to earth and realize their mistake on their scaling roadmap. If they realize this and still push for a big block agenda without caring about the side effect (node centralization) means they don't want the best for Bitcoin and they are here just hoping to short and get some dollars. What they don't get is a decentralized censorship resistant system is way more valuable in the long term than a datacenter-run Bitcoin.
2894  Economy / Securities / Re: In what should i invest and can i make money? on: March 27, 2016, 12:26:38 PM
in whati nvest
Invest in bitcoin. The world economy is on the verge of collapse. Bitcoin, as an asset class, will inevitably rise in near future.

This, but there are ways to make more Bitcoin so you are on a better position before it happens. A good method is altcoins... most altcoins have just that purpose, to get extra Bitcoins from the clueless crowd, but some got good fundamentals like Monero, Maidsafe, Ethereum... so buy some of those, wait for a decent pump and get your extra Bitcoin.
2895  Bitcoin / Bitcoin Discussion / Re: What do you call someone with 1000BTC? on: March 27, 2016, 12:15:27 PM
Depends on the basis that you're using. 1.000 BTC is 1.000.000 mBTC and 1.000.000.000 bits. So the guy is either a millionaire in mBTC or a billionaire in bits.
End of subject.

That post made my day Cheesy

Well.. how should you call someone with 1000 btc?
How do you call someone with 100 kg of gold ? Just someone who has gold worth X Million dollar. Nothing special.


I think if you compare it with others that is the problem.
1000 BTC = $400k usd
there is nothing special with people who have the money $400k because there are many rich people in the world.
but I'm not sure there are many people who DARE to take risks by holding 1000 BTC in their wallets. its amazing you know ?

It is very special. I don't need to know the data to know that people holding $400k in the world are a small elite compared to the entire planet earth population. Most people have barely any savings, and a lot of people aren't even banked.

People that want to spend 400k on Bitcoin... even harder to find.
2896  Economy / Speculation / Re: I'm All In - Sold My Dogs & My Car! on: March 26, 2016, 11:07:39 AM
Man, your dogs? ... this man is crazy. I hope that you at least gave them to some responsible family, but selling dogs that have been part of your family for years is overkill. You should have sold the car only.
Well, at least you are up since you bought at 350.
2897  Economy / Speculation / Re: sold my alts, all in BTC on: March 26, 2016, 10:57:00 AM
The bitcoin price is quite low at the moment. So it might be a good idea to buy more bitcoin at present.

and some altcoin have biggest potential growing Roll Eyes
you can buying some old altcoin undervalued, then after azzure add it price will be rising to the moon.

The only altcoins that have any potential:

Monero
Maidsafe
Ethereum
Factom (maybe)

that's about it. The rest are all lotteries and I don't see any fundamental reasons of them going to the moon other than pure luck of holding some in between a whale pump.
2898  Other / Off-topic / Re: When is Bitcoins going to die? on: March 26, 2016, 10:46:00 AM
Mining is profitable, therefore no one would mine. If some people think it's not profitable, the difficulty will drop, and some other people in some other place with a better ratio of electricity/cost will take advantage of the decreased difficulty to start a mining business... Bitcoin network will always adapt, it's a free market.

No other coin is anywhere near being competition to Bitcoin, so sit down and wait because it's not going to die anytime soon.
2899  Other / Off-topic / Re: What is your plan to get rich with Bitcoin? on: March 26, 2016, 10:41:22 AM
My plan to get rich is :
Trade at Altcoin, save some amount per week, then after reach 50btc, i will resign of my realjob and go full time on bitcoin.

But what is your plan to get a steady income going monthly? What are you going to do with the 50 BTC? you can't live off that forever, because 50 BTC is roughly 20K dollars right now. That is one year of a pretty frugal lifestyle... can't do much with that to quit a realjob imo.
2900  Bitcoin / Bitcoin Discussion / Re: Could Bitcoin theoretically survive under manual mining only? on: March 26, 2016, 10:21:37 AM
Well technically it could work. However, take a look at:
Quote
One round of the algorithm takes 16 minutes, 45 seconds which works out to a hash rate of 0.67 hashes per day.
Unless there we a emergency fix that would lower the difficulty, this would be pointless. Additionally, do you really think that someone would worry about Bitcoin mining in a 'massive nuclear war'?

What about nodes? how do you check funds and validate transactions?
If there were nodes with connections, they would still work. Technically you don't need mining for nodes to operate (albeit you won't have confirmations).
Yeah I know that in a realistic scenario this wouldn't be a worry on people's mind, im just theoretically imagining if Bitcoin could survive in a scenario where no computers are there anymore to do the calculations for you.
Also, no computers at all and no internet.. in this case I don't see it happening, even theoretically speaking.
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