Hi All, I have been in cryptocurrency since 2014 but last 3 years I took a break from it. I had high hopes how it can change the financial world. I would like to get back into it but first I would like to find out what is cryptocurrency today. Is it just a trading commodity, long term investment or is it (very very very) slowly replacing fiat. I know there are many companies and small shops that accept cryptocurrency but is that it? Is the problem still about the speed of a transaction Please help me catch up a little  Firstly bear in mind that bitcoin was not designed to replace FIAT, it was designed as an alternative payment system. Today it has been adopted as both a trading commodity and an investment. Thats 3 utilities which it has become. There are no processing speed or transaction fee problems any more and they will become less so going forward. Check out SEGWIT and LIGHTNING Well, if bitcoins are used extensively then people will leave the fiat and convert to only bitcoins. The reason for this is that there are so many advantages of bitcoin over fiat that people will automatically leave fiat and shift to crypto. Currently bitcoin is mostly used as a trading assets and in the investment prospective. We need to find ways where people use it as a currency. |
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I start using bitcointalk's ignore button to avoid Fudders. I think fudders never will change. Every time when bitcoin price starts to go down they start spreading negativity! Bitcoin dead, crypto dead and words like these they always use. Though the bear market helped to remove those fudders! And I stopped talking with fudders already.
Exactly when there is bitcoin price dump, I see a lot of articles here and in other bitcoin forums / Blog that bitcoin will end soon and it is something which is only for short term and lot of such stuff. I think its time that we do not believe on such news/views and stay focused on our believe that nothing can bring down the Bitcoin and it is the real future of money. If we understand this properly, then no fud can affect us and we may never sell in panic because of these false news. |
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lottery is gambling too?
If lottery is considered gambling then we all are gamblers lol. Who doesn't play lottery? Almost everyone I know has played this thing before. I played it severally a long time ago, never won though.
Lottery is defiantly a part of gambling but many people do not know it. Most people are involved in lottery in one way or the other and yet they say that they never gamble. Lottery is itself gambling and more than 80% of the people have played lottery in their life. |
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An idea came onto my mind, and it consists about a currency that is entirely dedicated onto gambling and also betting, I did not search through the web if there is actually a crypto that has done this. Gambling is a thing that the people love to do, whether if it is in the casino or online, but have you ever thought of a crypto that will serve as your main currency whether if it is in the casino or it is on online, I think this could also be beneficial for the gamblers as well, I wanna know about what you think of my idea, whether if it is a positive or negative opinion, I will still take it.
The possibility of making your opinion will not be very easy because this type of gambling will not be useful for the development of Crypto market so the single dedicated cryptocurrency for gambling not be a good idea for the development of gambling and also the Crypto field. I think we already have some crypto coins which are dedicated to crypto and recently EOS is focusing on developing dapps for decentralization gambling. I think depend on the people will see the real purposse of cryptocurrencies that some of people does liked to called cryptocurrencies as investment tools but some of people who more likely the gamblers will see cryptocurrencies is good currency to do gambling because crypto offering the easiest way to gamble but admitted or not through gambling industries people know cryptocurrencies and indirectly gambling already help cryptocurrencies to more popular
We already have different types of crypto currencies and most of them will be perfect for gambling since its anonymity will make the gamblers from any country to play free,I think even bitcoin is best for all the gambling purpose and actually online gambling activities increased a lot after the creation of bitcoin. With bitcoins, we do not need any further coins dedicated to gambling unless they have some unique idea or project which can bring revolution in the gambling industry. |
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What are your Pros and Cons in live betting and online betting?? which you prefer to bet.
for me live betting is much more excitement because you can see live who you put your bet especially when we're talking about betting in racing but it's more convenient to bet online,
Excitement vs Convenient.
You can watch the match online and bet on it online which makes it as live betting? Live betting maybe little more excited but we can get the same excitement while playing online too I guess. Live betting on live matches is very much exciting and it seems as if we are playing the match ourself and desperately want our team to win. If you watch any live match without the betting, you will not care much which team should win the match but when you have bet on one team, the level of your interest in the game is super high. |
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Yep I did it several times, but I don't have any kids or wife. At this time I just remember how many times I won and how many times lost, after that I understand that I won much often, so I'm getting better.
Don't want to experience this again. It's hard if you will do it while having kids and let your wife worry at all. Going home broke, lost and don't know what to do is a difficult part for us, gamblers. It is our choice if we will decide to go home and start walking with a shame by losing all of we have. Losing money in gambling is not a ordinary thing. It will not only bring loss to your money but in extreme case you wife and kids can leave you too if you play too much gambling and lose too often. Losing is always been a shameful thing and you will not want your family know that you have lost in gambling. |
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I wish that every people who were still playing gambling could know how to quit from gambling and they can quit gambling in anytime they want
~snip~
I wish that way so there will be no more addiction, gambling has to be part of the entertainment activity in our life, it should not dictate us on what to do. Getting addicting is a cause by our wrong action, it's not hard to learn and be discipline gambling if we know how to implement our strategy and be in control of ourselves. Anything which is played more than required can be termed as addiction and gambling is one thing where people are so much attracted towards it that they have no idea how much they are investing in it and what will be the effects if they lose their money. To quit from gambling and betting is not a small thing and one will need to put more effort to be able to make any significant progress in quiting gambling as a habit. Many people don't know what to do now especially now that blockchain technology gambling is still now.
Its easy to come towards gambling but difficult to quit it. Maybe it will needs months before any old gamblers can completely quits gambling. |
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Neither house can always win nor gambler can always win. Actually there is nothing which can always win. Sometimes gambler willwin and sometimes house will win that's why it is gambling. Always winning of one party cant be gambling.
Yes, only one party will not win always as if the house always win then no one will come and play the gambling as they would already know that house will win in any case. The key here is that house will win majority of the games due to the algo which is running behind the games. The players will win too but the wining percentage will be less as compare to the wining percentage of the house. |
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Gambling is illegal in my country so we never had any casinos or such places where peoples gamble but yet there were a lot of gambling stations which used to run illegally though i never gave attention towards them as there are huge opportunities to make profits in gambling into the decentralised world so it is better for me to stick here.
You still gambling on online crypto casinos? But still it is against if your country banned the gambling activities in your country so you need to be careful if you do it again just hide your location of IP before entering into gambling sites. That is right. As far as I know the government also ban most of the gambling sites in their country in order to stop gambling online and offline. If people will be able to gamble online, banning gambling in your country will be useless. But I think even if they do not know that some gambling sites can still be visited, they are still tracking some IPs so you need to be very careful. Well, if you use good VPN you can safely access the gambling sites and will never be caught by the government. The Main thing is to use a good paid VPN service which is 100% secure. If you use any free vpn, there are always chances of IP leak and it can get you in trouble in the country where gambling is strictly prohibited. |
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Yes of course, and probably when he saw that he made almost a million dollars, he wanted to double up that and make an entire million. That is what always happen, you always want more, ,and that is when you can not stop anymore. This is serious, i dont know why so many people are laughing at this I think greed already take over the gambler because I know that feeling when the gambler think that they can win because the adrenaline become so rush on that time.
So that's why gambling will make you loss eventually mostly because of long term and cryptocurrency is riskier than ordinary gambling so they need think twice before decide to gamble here !
This is why many people say that money management is the most important thing and going all in the game without any planning is just like doing a suicide. We can't say anything for these kind of happenings,if that is what menat to happen then it will happen since its all fate.But I never go for gambling again until I spend those rewards in more useful way than in gambling if I win those bets.The luck knocked the wrong person.  I do not think luck knocked the wrong person, its just that the lucky person got greedy and blind and lost it all in the end. |
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I still invest in coins that are on the top cmc besides that we are very risky. there have been many who suffered losses and I do not want the next to lose only for that big appetite. now prices also tend to be very cheap
I don't think that we should only invest in top 10 coin market cap coins and ignore the new coins which can proof to be better in the long run. Recently BTT was introduced through Binance launchpad and soon after ICO it listed on Binance exchange. Those people who invested on this coin in the ICO got almost 10x Profit and this profit cannot be enjoyed if you only willing to invest in Top Volume CMC coins. |
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Agreed with your logic of being addicted. When people want to get pleasure from those for everyday, this become addiction. I do gamble for a long time but never was addicted to it because I do not have much time to spend behind gambling, hahaha.
There is a very thin line between addiction and greediness and most of the time it is the greed that make us addicted to gambling. If we take gambling as a business and play it carefully, then not only we can gain benefit but at the same time we will not let our emotions take control over us and make us loss. |
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I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
But if you do another job, you won't be able to focus on the crypto market. we will only succeed when we focus on a single job. instead of having to do other jobs, we can trade everyday to get some money. I think that is the best way to be successful in the crypto market. doing trading only will be a difficult for all of the traders to get their profit then how can they manage their secondary job also in the meantime but considering trading as a main job is very difficult for anyone in trading we need some other way of income not and secondary job. Trading is a part time business and it should not be considered as a job in any way. Secondly due to bear market situations we never know how much profit can we make and al times there are no profits for many weeks. So if you have a job or other business you should not quit it for bitcoin trading. Trading can be done easily in part time as it does not require much time. |
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I would rather keep my bitcoin on a trusted exchange site, at least the company stands in my country so that when they commit fraud, I can ask for compensation from them, it is easier to do and I also never save on exchange sites outside my country
Well I do not agree with you here because what if the exchanges where your coins are placed, is hacked ? how will government or anyone will return you funds ? Recently Cryptopia exchange was hacked and even the New Zealand police was not unable to find the hackers and all the funds of the people are lost. The best way to save your coins is to use hardware wallet or at least use desktop wallet where you have control over your funds through private key. |
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The most COMMON advise is to transfer your funds back to a cold wallet whenever you're done trading. (SAFE)
Why not buy a hardware wallet and transfer funds to it whenever you're done trading? (SAFER)
Just buy and don't trade. Keep them in a hardware wallet. Create a portfolio and check whenever the price spikes then trade/cash-out. (SAFEST)
Its not easy to transfer from funds to hardware wallet once you have done trading. I have keep some bitcoin only for trading and I keep it on the exchange. The profit which I get from trading, I transfer it to my desktop wallet. I have not buy a hardware wallet yet as I think desktop wallet is enough for me. |
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I dont know why everyone expect repeating of some previous year. Why bitcoin should behave the same? I think every year is unique and this year is going to be special as well. Of course, we can find something similar in every year, but there is nothing special to search, bitcoin consists from ups and downs. As I love to say - we should hope for better, but also we should to be prepared for worst.
No, I think bitcoin chart follow the same pattern again and again. Even though the adatopion of bitcoin is far more now than in 2015 but the charting pattern are almost similar. it could happen because I see there is good news for bitcoin in 2020 there will be a halving, if you look at some halving events that occur in bitcoin it will make the price of bitcoin very expensive, so wait until 2020.
Yes, last time bitcoin price spiked at halving and I am thinking the same will happen on the next bitcoin Halving. I am waiting for 2020 where we will see next bull run for bitcoins. |
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Well you know what? I don't care anymore lol. It's kind of stressful keeping watch over btc's every rise and fall. It did fall to the 3.3k levels but it did bounce back to where it was stagnant yesterday. I guess if ever it's going to decline further it won't be as panicking consider the drop we had all throughout 2018.
If you know bitcoin trading and understand the charts well, then you will know that bitcoin price will always rise from the support. As soon as price touches the support level, there are good buying there and the price rises a bit from that level. The danger here is that if prices touches the support again and again, a time will become when it will break the support and fall further down. |
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These people think the Bitcoin market is pure speculation with no real usage. They think it's like tulip mania or the beanie baby craze.
That's how a lot of people think about gold, and gold has been around for thousands of years. It's something that doesn't have much of a real utility other than jewelry and industrial use, doesn't produce anything, and is a game of speculators. It still has a $7 trillion market cap. People are easy to trash assets or things in general they don't need or understand. Bitcoin is exactly like that. Eventually they will take back their words and buy into it one way or another. Agreed, the main difference with gold is its status as a store-of-value isn't hotly debated. It's been trusted for thousands of years to hold value and act as money. Bitcoin has 10 years of history by comparison, and we're all just guessing whether mainstream adoption will happen. I'm betting it will, but until we cross the chasm and actually penetrate society, the "tulip mania" crowd will still be here and there's still a chance they're right. Bitcoin seems to be a bubble to many people because its value is not stable, but it is not true. Gold is a store of value but the main drawback is that your value in gold remains the same over period of years and it will not increase much. Whereas if you store your investment in bitcoins, there are high chances that you can 2x, 3x your investment in one or two year. This high rate of return makes people invest in bitcoins and not in Gold. |
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crypto must be organized
bitcoin must be separated from eth and all coins
ico's Is the biggest fraud in Cryptocurrencies
What is the point of creating coins and then the last going without return?where is lot of coins for example (WeTrust /bch........... lot of coin in bittrex and poloniex and other exchange before some month)!!!!!!
How bitcoin rise to 19600 usd per btc , last year?Did not you hear screams that bitcoin is the only legit investement and BTC Dominance
People must stop investing in eth and other coins , all funds of icos or coins of future must be turned into bitcoin
eth Is the head of all coins
what is the Beneficial from Curse coins ? who accept it?
If we take money of icos and And invest in bitcoin Imagine!!!!!Must be maturity in the minds of traders
The currency of internet is bitcoin only
i think etf must approved for bitcoin only and soon
bitcoin does not need etf or bakkt for go up
etf and bakkt is a way for crashing prices of bitcoin
I dont know why youre so mad at ETH and other altcoins considering ETH is the strongest altcoin recorded now and labeling it as cursed coins. Putting your resources into different markets is the best way to expand your profit. You should put some on altcoins too. I know there are many scams, but the top 10 altcoins isnt part of it. You should realize it before its too late to invest. ETH is a good coin but these days we will see fud that ETH is a failure and we should sell it. This is because the whales want us to sell the ETH at lower prices and they will buy at these cheap prices. Remember ETH has a hardfork on 25 Feb, so it's price can pump near the hard fork. Also a lot of token runs on ETH chain and therefore it makes it a very useful coin. |
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Nowadays all the cryptocurrency projects should make more efforts to popularize the idea itself. The majority of society knows that there was just some bitcoin that is a burst bubble lol.
Bitcoin is a father of all the other bubbles  Anyway, I agree with this point. no promotion — no buyers and sellers as well. Bitcoin is not a bubble indeed. Bitcoin has completed the journey of 10 years and it is not a new thing now. For new things we can say that no promotions will result in no demand but it is not the case with bitcoins. Everyone knows that bitcoin is the future and it very valuable. Even if you or me sell the bitcoins, there will be always people who will buy our bitcoins and keep them save for future. |
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