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3781  Economy / Speculation / Re: Bitcoin rising to 600$ , pure manipulation ? on: September 04, 2016, 08:51:01 AM
12 hours ago (before I go to sleep) , the price was something like 575$ If I remember right , I woke up and found it 600$ (using preev.com rates) .
What could cause this price increase ? I checked some news websites and I couldn't find any obvious reasons , the only thing I read and I found interesting is Bitfinex paying their customers back from the HACK but I'm pretty sure It has nothing to do with the increase.

For whatever reasons it is it may possibly due to the growing need for bitcoins. Many are joining the community and many online businesses have opened. Many exchangers and platforms have opened. But for me it doesn't really matter as long as the price keeps increasing I will enjoy it and I will ear more cash from selling my bitcoins.
We don't know yet the reason it happened, but we are happy with the increasing since the price has stable around 570 for a while. Just looking for the speculation about it, but didn't find out yet. I agree that it maybe related with new exchangers opened and adoption of bitcoin increase worldwide.
3782  Economy / Gambling discussion / Re: how many gambling sites have been hacked? on: September 04, 2016, 06:56:55 AM
I like to delve into bitcoin history a lot. as we all know there've been a ton of crypto exchanges that have been hacked, but i'm really struggling to think of any gambling sites that have been hacked. maybe I haven't been paying enough attention.

does anyone know how many there've been? they seem like obvious targets to me with masses of coins flowing through them.

what are they doing differently compared to exchanges? i'll guess plenty of exchanges are inside jobs. does this mean gambling site operators are incentivized to be more honest in general too?

there wasn't a ton of exchanges hacked, there was only 2-4 exchanges which were hacked but the amounts were big.
you don't hear about the casino hacks in big news like bitfinex hack because the casino bankroll is never as big as exchange (120KBTC). but it happens all the time.
the smaller sites get hacked all the time even small exploits in their code that leads to someone winning a lot by using that.
even primedice has been the target, i don't remember the exact amount but i think someone used a bug to steel hundreds of bitcoin from them.
I agree, bitcoin exchanges are susceptible to get hacked and loss so many btc which bad to price that would be fall down and it's get into hot news that discussed by everyone. Gambling sites also get hacked like Primedice loss BTC100 and others gambling sites that maybe get hacked but not become a hot news because it's not exposed which bad for the business.
3783  Economy / Gambling discussion / Re: Do you trust to bitcoin casinos? on: September 04, 2016, 03:01:28 AM
No one trusts all of the online BTCitcoin casinos out there since some pop out and never deliver what they say and on the other hand few legit ones tend to remain and those are the ones could be trusted. If you get what you deserve in no time, without a hassle then their usually the trustworthy ones but if you tend to get in unusual situations of having to keep contacting their support for payment complications and keep on receiving excuses without solutions, then their the ones you shouldn't trust. When you lost what you gamble, it's not casinos fault but rather your fault at risking and letting your money to go in a 50-50 situation of getting out of your hands and on the other hand, the casino owners don't always come out as winner since when some users wins anything, they also lose a portion of theirs.
That's a long quote from SFR, I got it. Should we trust the casinos? Of course, because we risking our money there. But after seeing the trusted casinos, like he said if there are no problem and you get what you deserve in no time. We look at the history of the casinos, how many players, what about their transaction, history payment, players review, and anothers evidence that the casinos is trustworthy. If there are some trusted casinos but players didn't get what they deserve, we should know about that by their review at this forum.
3784  Economy / Economics / Re: If you were in desperate need for money.... on: September 03, 2016, 09:09:33 PM
If you were in desperate need for money / Bitcoins, what would you do? How to get it, earn it, whatw are your solutions and experiences? I wonder what people are ready to do when money is the problem.

I would just get one more job. Everybody have told me that the easiest way to get Bitcoin is buying it and I know now they're right.


yes get another job or work more hours at the work you got if its a possibility, and maybe do some signature campaign for some "free" extra money.

Signature campaign is imho not a job. While a job can get you a fair amount of money, signature campaign usually gives pennies.
It's good if you have free time and like to write on bitcointalk, but I don't see it a place to earn big bucks. With a second job, the amount of free time is zero.
I think signature campaign give a little extra but not just gives pennies if you do it properly. So, if you want more just get into gambling section and finding out how to win it, I prefer to do sports betting and follow my fellow tipster opinion, it gives nice profits.
3785  Economy / Speculation / Re: Bitcoin spiking to $595 on: September 03, 2016, 08:55:40 PM
Don't get excited already. I know its nice to see the price go up a notch after the market being calm for quite a while, but as long as the price hasn't settled above the $600 level, there basically isn't anything to be happy about.
Well, the price reach $602 now, it's just nice to see since a while just stable at $570. We will see the increasing, when bitcoin price fall down it always recovered and getting better. I think this month will stable above $600, hopefully.
3786  Bitcoin / Bitcoin Discussion / Re: Bitcoin worst decision you will ever make? on: September 03, 2016, 08:46:13 PM
surely you have experienced the worst decisions when using bitcoin?

then what was the best decision?

the worst is i bought bitcoin when its $660 and in the 3 hours later the rate is drop until $651 and in that moment i buy, i don't read anything news or take a look at the charts, i just buy, i don't know why. gezz i only wish in that moment and hope that rate is back and i can sell it to take a little bit profit. and when i login tomorrow, i see that the rate is back in $662, and i directly sold it at that rate. only little profit but i'm happy.
I remember this moment when bitcoin price around $640-680, that's a good price I think because a few days later the price fall down below $500 and stay still under $600 for a month but today what we waiting for happened, it just reach $600 again, touch down.
You might felt get a little profit, but how about next year prices that should be reach $700-1000 better to hold and not sell your bitcoin.
3787  Bitcoin / Bitcoin Discussion / Re: Getting people to use Bitcoin- ideas on: September 03, 2016, 07:54:22 PM
I think when just explain the fundamentals of bitcoin people really get it.  i know that a few of my friends have had a laugh when i first explained bitcoin but over time most of them have started looking into it and ended up using it.
One way to getting people to use bitcoin by tell your friends and give an explanation all about the advantages of bitcoin through Facebook will do the same, I think will works like you do. Basically people will attracted to bitcoin whether as currency to earn or as investment.
3788  Economy / Economics / Re: Why You Should Never Sell Your Bitcoins Ever on: September 03, 2016, 04:25:46 PM
This is a fair enough argument but some goods and services you can only pay for via fiat.  In fact most goods/services can only be paid for by fiat or credit.  Inflation is going to be a thing at all if you are just selling the amount of BTC you need to make a purchase in fiat.  I am guessing you mean exchanging for large amounts of fiat that you wouldn't be using in a few days time.
He has a point, we understand about it. Why we should sell the coin if it reach a good price instead of shopping spree using bitcoin at online stores.
But I agree that there are things that you can't buy without fiat money, it depend on which country you stay too. Not every country has  many stores accepted bitcoin as payment even in the next 10 years.
3789  Other / Off-topic / Re: How did you get into Bitcoin? on: September 03, 2016, 10:38:49 AM
I was asking myself how did I get into bitcoin and I took a little to remember. The very beginning was when I was about to buy a graphic card . . . . I was googling it and find about bitcoin I was trying to got bitcoin but I was very hard to earn bitcoin.I was away and now am again come back....
How did I get into bitcoin because of my friend told me about his earning through online currency.
So I do some research about bitcoin, faucets and made several accounts of wallet but don't know how it works, lol.
After heard his explanation about bitcoin and then I can figure it out and know how to earn it.
3790  Bitcoin / Bitcoin Discussion / Re: How do we trade Bitcoin if internet goes down? on: September 03, 2016, 06:47:50 AM
given the cayos happening in the world i wouldn't be surprised of nuclear war and in this case i would expect internet disruption question is how do we trade bitcoin during this time if we can't access internet.

home internet and mobile internet goes down
Will we even survive after a nuclear war? satellite internet might work for those who survive lol
Yeah, that's the main question, are we going to survive after nuclear war? If internet goes down so we won't be able to use it since bitcoin has no physical form. We will just use fiat money or gold, like they said if nuclear war happen we have bigger problems to solve, no electricity, no internet, no food (nuclear radiation contaminated).
3791  Economy / Gambling discussion / Re: Do you prefer Bitcoin sportsbetting sites over traditional fiat ones? on: September 03, 2016, 06:00:29 AM
Does this mean moneypot is considering a sportsbetting option? I'd like to see another sportsbetting site. Anyway, I definitely prefer bitcoin sportsbetting sites vs fiat ones.
Why?
- No verification needed
- Quick withdraws
- Better odds/lower margins on some sites vs fiat books
- Won't limit you for arbitrage betting or using only their best odds lines.

This pretty much sums it up.

Also, with directbet for example, you don't even have to create an account or keep bitcoins onsite. You fund each bet from your own wallet and your winnings get paid directly to your own wallet.
Yeah, that's why many people love to do online gambling. It provide chance to new person to try gambling due to it's advantages such as low minimum capital and anonymous transaction which can transfer directly to your wallet. The conclusion it's easier to do.
3792  Economy / Economics / Re: Big Crash coming on: September 03, 2016, 05:26:01 AM
Just to let you guys know a big crash is coming in 2016 in the economy. There is going to be a huge financial crisis but it will be worse than 2009.

The bitcoin price will skyrocket to over $10,000. However  bitcoin will be banned in all western countries. If you are reading this living in the west you should make preparations to move to Russia or China they are the only places you will be safe owning bitcoins.

Let me guess - you are basing your opinion, like tens of millions of others, on the price of oil?   Wink

Plastic is made from oil.  China is just discovering plastic.


Well... this was started in January... But if you haven't figured it out yet. The crisis will be involving pension funds and too low interest rates to yield anything for those pension funds... and a consequence the pensions are being used in the stock markets gambling experience!  Cheesy

And since socialism isn't a virtue in the West.. to take from the wealthy and give to the poor... Well.. then.. bummer! You will just have to crash and burn in to more poverty!

Also... besides the banks that will fail... there will be also the insurance chain of enterprises that are tight with the banks and they are like a safety net for the banks to save them. But guess what? Those also fail miserably... because they have executives with huge bonuses and nada socialism perspective as it should be. They always count on the new/future inflows of cash to supply them and have no consistent reserves.

My advice is that you should stop paying for health insurance and stop your contributions to the pension funds if you can.
So it was started in January and OP said about bitcoin price will skyrocket to over $10k, but it's September now and there is nothing happened about the increasing. We haven't figured it out yet, what the cause of financial crisis? Is it affect all western countries so they banned bitcoin? But never heard about it yet.
3793  Other / Off-topic / Re: bitcoin affects life a lot on: September 02, 2016, 07:04:10 PM
bitcoin has afftected my life a lot not only positively but also negetively.thats because there was a time when i use to walk run and even jump like a monkey with friends and all the outdoor stuffs but after getting involve in this bitcoin thing i am spending most of my time either coding or learning new programming languages or earnin btcs for somewhere . should i lower spending my time in internet or not and is there anyone who is facing this type of addiction here
Well, time is always passed and it's your choice whether to be mostly outside with friends or inside to earn for living.
But you can do both of it depend on how you manage your time and set priorities which one is the most important thing to do.
Everyone has the choice how to live their life, so make it mean.
3794  Economy / Gambling discussion / Re: How to play gambling in a smart way? on: September 02, 2016, 05:31:02 PM
just play with the small deposits and never try to catch all your losses because you will lose more

Play with whatever you are comfortable of losing. This also goes the same with investment. Never go for more than you can swallow. As gambling is a negative expected value activity, i would suggest you to go in to gamble just to have fun and dont purely aim for winning.
You should aim for winning, since the other option is aiming for losing Wink
Jokes aside, you should probably just spend a set amount and not go over that limit and the amiunt you said should be something that you're not going to regret losing if it's all gone.
Yeah, the smart way to gambling I think there are a few :
1. Learning about the game and never get into without know nothing
2. You can follow a person who good at it (tipster/expert gamblers)
3. Set some amount for gambling (limit) that you can afford to lose it.
4. Know when to stop whether you win or lose
3795  Other / Off-topic / Re: Are you buying bitcoins? Why? on: September 02, 2016, 05:25:37 PM
For the moment I think the price will go down a little so I am anticpating on that and waiting for the price to go down.
When it does I will make sure to buy more bitcoins, because For me it is easy to hold at least for a few years at least. When the times come, i find an appropriate price to sell out.
I think the same, so we're waiting for the price of bitcoin decline right? Haha, the opposite what a lot of people want the increasing.
But we don't know if this month the price will be decrease and we buy it to hold until a few years waiting for a significant increasing and sell it out.
3796  Economy / Gambling discussion / Re: Bankroll Management Challenge! on: September 02, 2016, 04:15:02 PM
Testing this method...wager only 5% of bankroll each time...

Gambling is for fun and you already know that we can't win at the end than it is good to fix the amount how much we can lose for the day. % depends on individuals because if someone got a very little amount than 5% may not be sufficient for them to play so you should at least tell what is your current bankroll.
Everyone who did gambling already know the consequences of get losses. Yeah, set just 5% each time get into gambling is a safe method, so if we lose it not too much. But some people who want big profits and get bored with small bet wouldn't satisfied, maybe about 20% each time would give you nice profits.
3797  Other / Off-topic / Re: What is the Future of Bitcoin ? on: September 02, 2016, 02:48:48 PM
in present bitcoin is spreading too fast.though all people of world not using bitcoin but in the future bitcoin will spreas more & more. Many country will accept bitcoin like fiat and many store,shop will accept bitcoin as a payment method. So,bitcoin will be more popular in future.
with the passage of time bitcoin users will continue to grow in the future, when the need for something requires a lot of money then the withdraw money through the bank have maximum limit and restriction policy will bring the money that will be key to success bitcoin in the future.
Can't really predict the future of bitcoin because looking back at it's progress, we can actually see just how fast of a phase bitcoin is changing. From roughly 7 years(?), it has gone from nearly invaluable to this much. What more in the future? Considering that we're nearing to supply cap, anything can happen now.
Looking at the last 7 years that bitcoin has good increasing every year even there are some decrease. I think the future of bitcoin just like anothers currencies that would be using worldwide due to it's advantages which common bank doesn't has.
3798  Economy / Gambling discussion / Re: Investing in Bitcoin Casinos are really worth it? on: September 02, 2016, 08:45:04 AM
I think its a good idea investing in casino, most of the casino i invested is making profit, and as i know bitcoin casino keep coming out, so its mean casino is a profitable company, eventhough not everyday you are going to make profit but for a longterm it is profitable

Yeah thats true because casino doesnt open it for nothing to entertain people. Of course they want to get profit because this is business and more over there is house edge which is benefit for them to get more profit in the end

Usually casinos have profit and if they accept investments it means they are not ready to take all of the losses from their own portfolio. They just want to feel a bit more  secure if some big whale hits them. Until now I have not seen anyone that have invested in casinos going into negative territory for a longer term. Casino is built to make owners profit so if they allow invest just because of their fears we should invest into them and see what happens. You can always opt out from your investment when you see it does not suit you.
Some people already invested on casinos and it seems profitable to them. Well, you just need to contact the owner and check their growth from time to time and review of the people who already invested there. Just be ready to lose your money, but usually you can get some profits.
3799  Economy / Speculation / Re: How many bitcoins do I need to retire in 20 years? on: September 02, 2016, 07:41:53 AM
monthly invest a sum of a pension fund and the same amount in btc , and may do so :
You pay $ 500 per month to the pension fund .
for btc calculate 500 * 24 months , totaling $ 12k invested in btc .
I think it's a good way to retire in 20 years .
That is just my salary in my full time job, I cannot risk all that amount because I have a family to support. I do invest but I only used part of my earnings online but I am sure it will not be that much. But I will try to reach that amount as I also want to have a good savings in the future.
Invest 12 btc in a year,, seems good but everything can happen in 20 years since we can't know for sure about future.
If the price keep increasing just like years before, we can guess the price of bitcoin would be around $5-10k/btc. Hope it works that way, so everyone could get nice profits.
3800  Bitcoin / Bitcoin Discussion / Re: Bitcoin is a good way to store money? on: September 02, 2016, 06:06:47 AM
Bitcoin is just a good way to invest your money?
Or we can also store our money there, if the price stay stable?
What do you thing about this?

actually it is not the best way to store your money.
as much as i love bitcoin i have to say it is still risky to invest in bitcoin, especially if you are not a trader and you want to invest a large amount of money. it is good for smaller amounts though.
and as a currency or for spending it is still an excellent choice.
Well, I agree that bitcoin not the best way to store your money, you have a point. But I don't think it's not good to store bitcoin as investment in a large amount (depend on how much do you think about the amount), as we can see that the price of bitcoin keep increasing every year so if last year you have 10btc/$400 in your wallet now it would be $270 profits each btc.
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