Trading is more risky because you cannot know everything happening in the market. Skill gambling like poker you know everything before taking a decision and this is less risky. They are both risky and they are not recommended. Usually people who play skill gambling have less losses than the other ones.
But many people here are already sharing about their success with trading. Maybe for few gambling like poker and sports betting will remain profitable as the exception in gambling world, otherwise I guess you will not choose gambling over trading. I agree sports betting is profitable as it is one of the skill-based gambling but last few times I predicted wrongly and faced the losses with my sports betting and I will say skill -based the gambling is too risky compared to trading. Interestingly I'm not finding any difference between trading and skill based gambling. In my perspective these two are seeming as one thing due to the fact they are having equvalent amount of risk levels. I am making money from both of them and hence I'm not finding any differences in risk levels. Both are risky when we are going for them without experience and knowledge. |
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I think its8really risky...
I understand that people do it but... i don't know if giving your coins to a casino is really a great idea.
They can leave anytime with your money and you cant9do much :/
Bitcoin casinos investing is possible today but extremely risky, the best way to invest passively in gambling casinos is by investing in the sites bankroll, some bitcoin gambling sites have house edge, meaning the long run, if you run them correctly they should all be profitable, however in the short run gambling site can take a hit and have to pay for gamblers and this where bankroll comes. |
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In the event of a power outage and the Internet, because of the war, bitcoin will cease to exist. And ordinary money will lose value. The main currency will be shelter, food and water.
I don't think those will be "currency" because there's no other resource that's more important than shelter, food, and water. There's nothing to trade in exchange of them. Those are the only necessary things at the time of catastrophe. It's either people share those to each other or they fight/kill each other over those necessary stuffs. Although I still doubt that when there's a war, the whole Internet will go down since there'll be countries that are too minor to be conquered by other countries. You know, countries that people don't care about. No resource, not much people, etc. Now that you pointed it out, in case of war breaking out in the world that would only affect the countries that are involved not the ones that have no hand in it, let’s say that for example a war breaks in china, that may affect the mining power in china not the whole world because the exchange will move to other people who are mining the bitcoin in another country. |
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My strategy is very simple, for my bitcoin trades. I'm doing nothing with it and that's my long term basis of trading. But for alt coins, it's also simple, since there are people that are just trolling around and making a pump and dump scenario for those altcoins, so usually most of my alt coins are just good for short term trading.
That is not trading tough? Keeping bitcoin long term is investment not trading. I mean you need to buy and sell in order for it to be trading. If you just buy bitcoin for long term thats not trading. For altcoin you are right tough, that is reasonable approach for altcoins. |
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If I decided to save bitcoins in bank, how will deposit rate be changed compared to dollar or other currencies? Will it have much lower percent?
No one from here can give you answer on this question. Banks have their own way of working, for example I can choose to save in my currency or to save in dollars/franks or any other more `stable` currency, rates are not so high but if currency gain in value over the time you have extra profit on that. Bitcoin saving can something similar, but question yourself if they give big interest on saving how do they make all the money to give back to people? Better to have lower and safe percent then to risk too much, over the time bitcoin will gain value, so just saving can bring profit. true this question can not be answered because there are no banks that accept bitcoin or adopt bitcoin I think you just have to keep save your bitcoin in the wallet I think it is beneficial for you Yes, just to save bitcoins we do not need banks or any third party services. People do live with traditional imagination of banks like it is the only place where they could keep their bitcoins safer and also they do think bank interest is the only way to make bitcoins to grow safer. I am not seeing any beneficial of having bitcoin banks just our wallets are good enough for a convenient way of saving bitcoins. |
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We have learned that governments are still not ready to fuly embrace bitcoin but also that this doesn't matter that much and that bitcoin is stable enough to survive such rejection. No big deal happened, no big dump and the perspective looks fine. That is the good lesson.
It does not matter if governments accept bitcoin or not, as long as people still use it bitcoin will always grow, and people will still invest in it even if the price goes down, and if you think about it if governments do accept bitcoin more people will have access to it and that will make it a common thing which will bring down its value. |
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Please don't fall for this. Remember the old adage, "If it's good to be true, it probably is,"? There are plenty of these out there to scam the innocent and greedy. It's good that you found your way to this forum. Look around here first and observe. I suggest you check out thr Marketplace and other sections to look what others are doing with their bitcoins.
I agree, I personally would recommend to stay away from investing your money into some websites, because most for them are scams and they don’t give that much profit so they are not that worth it, but if you really want to try to find some review about the site you are investing in before putting your money. |
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What is the best short-term (3 months or less) investment you made?
I never try to invest in a short term because I'm so afraid this kind of investment. Many investment like hyip are not take long its better if they achieved 2 months. So i never try i only invest in trading thats the only way i know to earn bitcoin. There is no good short term investment, the only one that I did is that I sold my bitcoin when the price was $1100 and in the next days it fell down to $700 and I was able to buy more bitcoins than what I had, and that was only because is was lucky and I won’t recommend it. But it worked well for me in a surprising way. |
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I just wonder if these are not working kind of activities, how people will be following these till today. They must be successful by following some superstitions and that is the reason they are still following them. But it will not work hundred percent but may crack success most of the times imho.
I agree with that reason, otherwise all the people around the world will not be following some kind of superstitions. In Indian culture people are very much showing interest on astrology and I do hear some people are using astrology for their trading as well as for their gambling. Still, I'm not sure about their success rate. But they are using it because they are finding it is useful as per their belief. There may be two different cases here. Some people are just following their ancestors words and without benefits also the might be repeating it. And the other case would be what you have said. They find it beneficial and that is the reason, they are following those superstitions/astrology. Still I'm not ready to accept because there will be no differences between believing superstitions and our luck. |
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I think gambling cannot be considered as a sickness because gambling isn't a disease.
It is a disease because it will ruin your health as well your wealth. What is the definition of disease your dictionary. Even you would have benefited from gambling, I just worry it will not remain same for the all the times of future. This disease will start showing its consequences at any time. It's up on a person if she/he will stop or take a rest when playing gambling. He/she must focus on his/her time when playing gambling. He must know when to stop so that he will not be addicted on playing gambling and should not be considered as a sickness.
You are just talking about self control of one gambler. But gambling will make you aggressive and make your self control to fade away in very few beginning days of gambling itself. Once you lose your self control, you never think about controlling gambling as per your wish. This is one common symptoms of most of the diseases. |
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Whether you believe if you Continuously Buying The same number, one day you can win the lottery. there i read some stories much people can being rich by using this way.
That's the problem with addicted gamblers who are out of ideas and still got money to loose. They'd stop at nothing but will keep proposing worthless ideas until they go bankrupt. Yes and they forget a little thing in their mind that the lottery number drawn each time is not dependent on the number that was drawn last time and hence the number would be totally new always. But seriously these sort of mindset are very common and the main reason of loss among gamblers. |
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I have this weird things in my head, when i play gambling games like hacking the website and take all the bitcoin that i bet and their bitcoin they put in the website.. also every time lose i think about this kind of stuff hacking gambling websites is it possible for us? how can we manage to do it? is it really that secure?
That is a very bad thought and hacking is a regarded as a crime every where in the world and you must not say or think about scamming any website or company by hacking their system. I really do not appreciate these kind of behavior and you must close this topic in my opinion. Whether your appreciate or not but we all have these kind of thoughts in our mind, not because we are hackers or criminals but it's always good to know how things work and whats in our abilities. You learn about various things in life and if we all just learn what we actually implement then our knowledge would be very limited. |
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Why not ? As they ask us to report the profits we make with buying and selling cryptos and so pay taxs on this, they should accept the people to pay with bitcoin. But one problem is, accepting the taxs to be paid with bitcoin, or others, would mean they accept that bitcoin is a currency
Yes, accepting bitcoins for payments means strongly that government not only allows users to use it, rather encourage them to do so. And if bitcoins become authorized in a country then actually things would be much much better than just bills. I guess 99% of the shops would adopt bitcoins as payment option since the user avoids the unwanted fees and taxes. |
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people in poland mine it for me on their servers
Is that cloud mining? If yes then would you like to share the details about it? As far as I know that cloud mining is not much profitable these days and most of the cloud mining services either end up as a scam or insolvent. I receive many emails with attractive cloud mining contracts but I am staying away from it. Cloud Mining is never profitable only who have entered in the starting have come out in profit but that is also not good as investing in cloud mining is just like supporting scam. I think he means of mining through rigs or cpu like that. Here in this forum their are so many options to earn like signature campaign , give your skill work for bitcoin in service section, start your product selling in bitcoins business, go to altcoin section and earn through doing small tasks and join in social media bounty campaign and earn through that. so their are so many ways to earn bitcoin in this forum. Yeah there are multiple ways of earning bitcoins on this forum and there are even many freelancer sites that pays in bitcoin so you can choose any task depending on your skills and area of interest and if you have any technical skills then you can expect higher earnings in bitcoins and if you are regular time spender on this forum then signature campaign is the best and safest method to earn some bitcoins on weekly basis. Yeah, the forum is the best place to find all kind of opportunities to earn bitcoin, from signature campaigns to some freelancing, and if you have a skill you can offer it for bitcoin, and that is what the best about being inside the bitcoin community and in this forum, some people will say investing and gambling but I would not take the risk for a lazy way of earning money. |
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if i build a bank of bitcoin that operating like a traditional fiat money bank when people can save the money and get interest for their saving and also people can get a loan from my bank but the fiat money is change for bitcoin, the question is would you guys trust me to save your bitcoin on my bitcoin bank that i want to build ?
Don't expect people to trust you rather make them trust you by your actions. You can run a bank and have a system such that people submit their bitcoins while they are safe too. Once such method I can think of is multi signing and multiple control over your bitcoins, like you have the half control over their coins and half control by the depositers in your bank. |
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Just want to ask what the hell is brainwallet?Im curious about this thing since its my first time to hear out such wallet. Among the selection on the poll ive chose webwallet and most people do the same.Ive been using this because web wallets is somehow convenient and accurate to use on daily bitcoin transactions.
Brainwallet is a wallet that allows the retrieval of balance via a strong they call as private key. And brainwallets are the best way to store bitcoins if you do not want to download wallets on your system. I use rushwallet and as far as I know they are known as brainwallets and they provide you a private key which can be used on blockhain.info wallet to import that address with complete control. |
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I mean its only 21million btcand there are 6billion people in the world , how can it be enough
It can be enough because the quantity of bitcoins each hold can vary as per the worth of each bitcoins. I mean when the price was $100 people can hold 10-20 btc on average while now the price is $1000++ then people hold like 1 bitcoins and if more people adopt bitcoins then that would lead to much higher price and hence lower average per person. |
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The article is good, it's correct on most point newbie want to do especially about faucet and mining bitcoin. When i was new to bitcoin, i thought that 1000 satoshi from faucet is huge, later did i find out that it was not even 0,1 cent. The other thing is mining, i didn't know that the capital you need is not small.
I agree and the article is just fine but here you are wrong mate because when you are new to bitcoins then you look for ways to get some free bitcoins so to know how they work. While yeah I agree most of the newbies have a myth that they can earn a lot with captchas and its "learn with faucets " I guess in reality. |
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We still gamble because we enjoy the fun and lucky profit with gambling but still if we loss in the game, the excitement could not be paid by any material things. The moment your play the game of chance in gambling the new world is opened for each and everyone and it really brought without satisfaction, but sometimes leads to addiction if being abused.
Many people who are addicted to gambling cannot stop because they are so deep into it they win and love that feeling and when they lose they lose big and they keep thinking that they could win it back and they get stuck in a big circle which they cannot leave. |
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The best education for everybody is google.Try to type words like revenue share ,elite ptc sites,best hyip sites to find sites for invest bitcoin and type site name and review and learn how to invest in that type of sites.
Yes though with google you will find article written by common people, which might be good but not always I think would work. The best way to educate yourself about trading is by trying yourself and this also gives you confidence. Actually no matter how much you learn or read books unless you have some confidence you won't be able to generate much revenue by trading. yes maybe you are right for it, but you have to remember will not succeed if the learning without a teacher I think there is, perhaps only a few and it took a long struggle to be able to do it yourself. so I think if you want to get the learning to master the science of cryptocurrency better learn and ask someone who has high insight and knowledge about it so that you better understand cryptocurrency and a good way to invest. The best way to teach yourself about bitcoin investing is to look up some professional guides, videos on YouTube articles, and even other people’s experience on this forum, but the only way you could truly learn is by experiencing things yourself to develop your own trading strategy. |
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