If you think investing in bitcoin or a similar “crypto-currency” may be a good method for hiding income from the tax man, you’d better think again. http://nypost.com/2017/04/08/no-you-cant-avoid-taxes-by-investing-in-bitcoin/I am smelling something good here with the news. If the government declared about how peoples can't avoid the taxes by investing in bitcoin, it means directly or indirectly government said that they recognize the existence of bitcoin and how it can be profitable to invest. Yeah, this is great news for bitcoin. Government is finally trying to implement their taxation on bitcoin because they see that bitcoin is now so big of a market that it cannot be ignored anymore. People are conducting bitcoin transactions all over the world on a daily basis, and the government is finally seeing that there is something to exploit here. It also means that the govt of the US is realising that bitcoin is actually functional, not just something that you buy to buy drugs with. It is a great investment vehicle, which is why they are now enforcing already existing laws on bitcoin. |
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So I tried this strategy at a dice site and I'm thinking of the odds of winning
So I set the chance of winning to 92% and start with minimum bet of 1000 Satoshis with profit of 76 Satoshis
Now, I could win like 9-11 times in a row, sometimes higher and lose
After losing, what would be the chance that I could lose again twice in a row?
I'm thinking of if I lose with that settings, I could go all-in with higher bet since my chance winning is higher.
What do you guys think?
Your chance of winning does not increase at all when you hit a red streak of something. Instead it stays the same. So based on that your method is already not working. This is the famous gambler's fallacy. Gamblers tend to think that they are able to beat the house because after each loss their chance of winning rises. But that is mathematically not true because each event is independent of what happened before that. But prerolls i think might be helpful because even though it does not change the rolls after it, you'll still save some satoshis that you may have bet on that particular losing bet because it is the exact same seeds. Good luck! |
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Featuring a fully responsive web design and licensed in Curacao and Malta, AdmiralSpot brings a new level of cutting edge technology to Bitcoin gaming from developers with a solid background in cryptocurrency. AdmiralSpot’s fully licensed and regulated games are designed by world class programmers, making it a completely fair casino with high payout rates and a minimum one jackpot per month policy. Users are offered a welcome bonus of up to 500mBTC for their first deposit and at least a 10% reload bonus on each subsequent deposit. The casino’s VIP program rewards the best players with excellent incentives, including devices from Apple, Samsung and other gadgets, as well as a tailored bonus plan and cashback feature. Customers make take advantage of 24/7 multilingual support offered by an international support team. AdmiralSpot has also launched a dedicated affiliate program, www.admiralspotpartners.com, which features lifetime revenue sharing opportunities. I love the fact that your site is licenced. However most people in the bitcoin community will probably question whether or not accepting bitcoin along with other fiat payments is a good idea because there has been various casinos confiscating user's bitcoins in the past, citing multiple accounts. Have to realise that a lot of people aren't comfortable with providing their personal info here. The site looks decently clean, good design, can see that you guys put a lot of work in building it. Good luck with the development of the site! |
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Do you have a special exchange rate in your head where you would totally dump all your coins because you think Bitcoin is dead? What is your magic number?
Definitely. If bitcoin drops to $1 then obviously there isn't really a point for anyone to use it anymore because there would be only a maximum of $21 million coins in existence, and that is definitely not going to facilitate all the transactions that happen around the world on a daily basis. If this ever happens, bitcoin would have definitely been destroyed by an altcoin that emerged as a better alternative. But I don't think it'll ever happen considering that most altcoins are not directly competitive to bitcoin but rather to complement bitcoin to provide a better service overall. And they acknowledge that without bitcoin, there won't be altcoins. So I think it is safe to say that for now, we don't need to worry about that happening. |
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In 2017, we might see major elevations in the bitcoin price. The analysts are already predicting a staggering rise of more than 165% in the bitcoin price which means it might go beyond the $2000 mark in the near future. The impending “Spending Binge” might prove to be a major catalyst in appreciating the price of bitcoin in coming months. In addition to that, the augmenting value of dollar against yuan might be yet another factor to drive the BTC price to unimaginable heights. During the last 3-4 months, the value of dollar has risen by 4% against Yuan and during the exact same period, there was a 21% incline in the BTC price. Seeing these trends, it seems quite obvious that the two might have a close relation with one another and if the dollar tends to rise against Yuan, then the bitcoin price as well, is likely to rise further. After years of volatility, the Bitcoin price forecast is finally on an upward trek through 2017 and beyond. In just five years, the Bitcoin price (BTC price) rose from a few cents to over $1,000, which should give you some sense as to how much money early investors made. But don?t worry, our Bitcoin price prediction 2017 shows that there is still more room to the upside. Well I like the look of 2017 so far that's for sure. So far we have seen the price of bitcoins stabilise a lot compared to 2013. I had my doubts along the way when I thought that bitcoin was in another bubble after the ETF rejection by the SEC, but it has indeed proved me wrong. Although there were a few setbacks along the way, with bitcoin crashing to around $800-900 at one stage, it has always recovered without fail to a level that is $1,000+. I think we can safely say that $1000 is the new floor, and with that, a (less than) double price in one year isn't difficult at all. It's a great idea to buy into cheap coins in the early $1,000s, instead of buying it late when it's nearly $2000. After all the floor is $1,000, and you don't need to worry about it crashing down to something like $500, that's consensus in this forum I think. |
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I also voted for holding bitcoin now. I'm not affected by the BU vs Core schism. I will just continue to hold it and then buy some. I won't listen to FUD spreading here in our community because I'm the one who will decide if holding its worth it. The price has been steady for the past week at a range of $1000-$1200 so holding is the best option. I will buy some if I have a extra money, but not now. I will hold it so I can maximize profits if I decided to sell it in the future.
Same here(mostly). However even though I belivee that the hard fork doesn't really matter because after the split we're going to get coins on both chains anyways(if you were smart enough to hold your coins in cold storage instead of holding it on an online wallet, that is  ) and those two coins added together will give you the value of one "original bitcoin". So there is really nothing to lose here. But still, I have diversified my portfolio around 10% into various altcoins and various fiat currencies. That way, they hedge against each other, if bitcoin crashes i've essentially got funds to buy in more cheap coins and wait for it to rise again. It's not much, but I guess it is a good place to start. |
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Does bitcoin has any intrinsic value? If yes, how? Or its value only comes from supply and demand? What about altcoins? Thanks  Bitcoin is a bit like fiat in terms of how it gets its value. In fact, all currencies have no intrinsic value. Even gold silver, palladium, platinum etc. etc. What matters is whether people TRUST the currency they are holding or not. If they trust that the USD they are holding are worth something, then they will conduct business with that piece of paper, and it now has value. Bitcoin is better than fiat because anyone can mine bitcoin. It's not satoshi printing any bitcoin out by himself here. The monetary expansion is very controlled and steady, as opposed to fiats. |
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Finally, the Japanese government accepted bitcoin as a legal payment!BTCWant some insights or a quick guide into how bitcoin works as a currency in Tokyo? What kind of products and services we can buy using bitcoinsBTC? What app should we choose to trade bitcoins? Or even how’s the Sakura going on under the landmark Tokyo Tower? Yes, way too many questions! Therefore, we invite Ruby as our Tokyo bitcoin guide to help you discover more about Bitcoin & the City.
Just by watching the video below!  If you couldn't open the video, just click the link here:https://www.youtube.com/watch?v=FfJG6iVeRfIorhttps://www.facebook.com/bitkanofficial/videos/1826169514312062/In case you don’t have Wi-Fi now and neither do you have an unlimited data plan, we have prepared a quick preview for you: Ruby from BitKan which is a very aggressive and professional Bitcoin agency, in a city full of innovation and wonders, discovering every single possibility of our beloved Bitcoin, this whole thing could totally appeal to you. And to add spice to this documentary, she accepted our challenge of living in Tokyo only by bitcoins for 72 hours! As soon as it began, she rushed to her favorite place in town, which of course is the National Museum... no way, just kidding! It’s a bar. Ruby rushed to a bar in broad daylight! But, drinking is just like marriage, you need to choose the right timing! 5 o’clock in the afternoon is of course not a good time for getting drunk. Maybe that’s why this bar won’t open until 8 pm.  Still, nothing could stop Ruby to get a taste of Tokyo nightlife. She made the second charge into that bar, and this time she succeeded.  But how to pay in bitcoins after you get a little bit tipsy? There are two methods for you, so please stay sober and read on:  1, By using a Third-party Bitcoin Payment app. Some apps in Japan could ensure the instant transfer of currency by using third-party payment, and the rate will be automatically calculated. This actually is as quick and easy as WeChat Pay, only in bitcoins. For instance, Ruby this time used CoinCheck to pay her bills. All she needed to do is scan the QR code and press “confirm”! 2, By discussing the rate with the merchant and transfer bitcoins with BitKan app. This method is widely used among small merchants. For instance, when Ruby was renting a Kimono, the shop keeper decided his own rate.  5000 Yen (around 50 USD) = 0.5 BTC!!!!!!!!!
(You must be kidding me! I will give you 500 USD for 5 BTC please!) OK, it turned out that the shopkeeper was not that good with numbers. And it should be 0.05 BTC. Anyway, we should keep it in mind that the exchange rate might not be fair, and Visa or MasterCard is still a better choice.  (obviously Ruby doesn’t care about the exchange rate at all! Stay happy, girl!)
Q: How many dollars did Ruby pay in Bitcoin to rent the Kimono?
LEAVE YOUR ANSWER and YOUR IMPRESSION OF VIEW on the comment, leave your BitKan ID number, you will get a surprise! I only wish that this is possible in other parts of the world. In my country, China, this isn't possible at all. The money transmitting sector is dominated by big payment processors like Wechat pay and Alipay, and nobody is giving any thought to bitcoin at all. This is a great decision by the Japanese government. But at the same time, other countries are moving further and further away from bitcoin. Just look at how the central bank of China put all these regulations around the withdrawal of coins from exchanges etc. |
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I have the most popular https://freebitco.in/ site I know. Do you have any site sites that you know are quality and reliable and have dice sites? I want to play for fun in my free time? To be honest you should never waste time with faucet-dice sites. Their main revenue comes when people play their faucet. They have a shit ton of ads on their site. It seems very unprofessional. If you are just looking to gamble but not to claim the faucet, then freebitco.in isn't for you. Plus, they also have a ridiculous 5% house edge, on top of the advertisements you have to view just to play the dice game.I would suggest Primedice, Bitsler and Bitdice. Bitsler in particular, because its community is growing so fast right now and it has several games you can choose from, and not just dice. With Bitdice though, you are able to invest your coins or your gambling earnings in the house, and maintaining a position as a bit of a hedge against your own gambling activities. |
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While I don't appreciate the fact that they ask proof but that been said if they ask proofs and run in a more legit way then that's actually good for users as less scams would hapen.
Yeah, definitely not. I mean if you are playing in a fiat casino then they asking you for proof is reasonable. They have to comply with these KYC laws as well as AML and anti terrorist funding laws that the government has put in place for fiat, licensed casinos. The only reason that most people use a bitcoin casino anyways, is to have deposits and withdrawals instant. And that is the only advantage that bitcoin casinos have against fiat casinos, easy to withdraw and deposit, no questions asked. Also most casinos aren't even licensed here. They don't have the right nor should you trust them with your personal information. Who knows what they are going to do with your personal ID once they get it. |
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Can anyone tell which Wallet with lowest transaction fee both desktop and web wallet.
Thanks
Desktop wallets, you can pick whichever one that you fancy because you are in control of your coins and therefore you are able to change the transaction miner's fee to whatever you want, even to 0. However, if you do that, that means that you are risking your transaction to not be confirmed at all, even in a month. So the wisest thing to do is actually pay the whole fee if you are using a desktop wallet, or blockchain.info. Xapo is currently the only web wallet that i am aware of that is offering fee free transactions. Coinbase and Coinjar used to offer that as well, however due to the high bitcoin transaction fees, now they are forced to tell the sender to pay a fee. But make sure you don't put too much money in your Xapo, because you don't hold your own keys. If they scam, your coins are gone. |
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We had to hold payouts last night due to the Shibe fork and a few of the coins having some long mature times. You will receive a double payout tonight at 11:00 est (normal payout time) Also please always check out the news page for the latest updates. https://hashco.ws/news/ |
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It would be cool if the dev can add http://hashco.ws in the OP as a pool to farm at if you are interested in getting paid in WC. I would appreciate it. |
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Just a friendly reminder you can also be paid out in Whitecoin over at Hashcows
http://hashco.ws |
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We have added Whitecoin as a payout option, enjoy!
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Been away for a while so I figured I'd pop in and say hello! |
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Everyone who bought cheap coins from me, enjoy those profits!
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Selling piCoin PM ME
100k for .15 BTC
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Selling PRO pm me now.
Current price .02 per 1000
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Have DC to sell PM me offers |
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