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421  Economy / Gambling discussion / Re: Can gambling be profitable in long term ? on: August 30, 2017, 10:24:04 AM
Gambling can not be profitable, because it's entertainment. They are created for profit only to their owners, but not for ordinary players. The chances of being rich playing are reduced to zero.
poker can be profitable because it is inherently a different game; the of fundamental difference that changes this fact is that poker is player vs player, instead of vs the house. do some reading, it can and is profitable with skill and experience.

Being aware of the situation does not change the fact there is a house edge but at the same time gives you a dose of reality, people that understand this fact are less likely to fall prey of gambling addiction because they know that there is no way to win on the long term.

People will only be aware that they are not really going to win. In the end we should treat it as entertainment , that is why even when we lose we wont really feel anything at all . Sometimes when people say that they play for fun, they use high amount which makes them stress when they lose all that money
continuing off what I wrote above, gambling is the furthest thing from entertainment for these professionals; it's serious work in their minds. it's their source of income. might be different for some others, but last time I checked, work isn't exactly fun. Wink
422  Economy / Gambling discussion / Re: Poker v Other casino games online on: August 30, 2017, 09:54:31 AM
Poker requires a lot of skills and strategies before a player wins. Dice is easy to understand and you can just rely on luck and a little strategy (like the martingale).
a losing strategy if you ask me, but to each their own I guess.

It depends on the reason your playing the game, if your looking for a strategy based game, you'll hate dice and love poker, but if you just want to play for fun, easy and enjoy the ups and downs than, you will like dice. If choose one, I will choose dice because it's easy.

Ever dice would not be in my option because we may see the lose more than winnings in dice gambling. I would like to do betting or poker room games to use the strategy and gathered information to use and win continuously but we cannot do that in dice game. If you avoid dice even you will also consider gambling is one type profitable earning method in btc.
it's possible to lose out on any game in gambling, don't know why you would say otherwise. it's also not entirely likely you'll get strings of wins I poker either; it still boils down to being a game of chance, no amount of skill can change the cards you're dealt. conversely, it's also possible to get strings of wins in dice, it's just that you have very little control over that besides your odds / multiplier.
423  Bitcoin / Bitcoin Discussion / Re: Bitcoin and governments on: August 30, 2017, 08:58:44 AM
There are lots of reasons why the government does not support Bitcoin. First, it is decentralized. No one has a control over it. Second, even the criminals and terrorists can use Bitcoin. The government does not want to encourage it. Lastly, Bitcoin has high risk in using it. The government is still studying if it is beneficial if they will accept it. There are still lots of reasons.
you've got pretty loose arguments there; the dollar, euro, whatever, can be used by drug dealers, terrorists, you name it. does the fact that terrorists might be using the euro as their currency cause governments to shun the euro? pretty sure they don't. and you fail to state exactly why using bitcoin is so 'risky.' you provided a statement, now back it up. I'll agree that governments are studying bitcoin and related technologies though, weather or not they will accept it after said studies are complete are an entirely other matter though.
424  Bitcoin / Bitcoin Discussion / Re: Could Bitcoin ever replace conventional money? on: August 30, 2017, 08:21:41 AM
No. Something with a market cap of 21 million coins can never replace the whole worlds economy. It is also way too unstable, slow and fee'd up at this moment
so? it's not like an entire coin has to be used in a transaction; bitcoin is divisible into parts that equate to 10*-8 of a bitcoin: 1 satoshi. your logic here isn't quite solid, even though I do agree that bitcoin probably won't be the cryptocurrency of the future.
as for the second part of your argument, it's just a theoretical wall that bitcoin has hit; in the coming forks we should see the network congestion get worked out and the network should be stable again.
425  Bitcoin / Bitcoin Discussion / Re: why do governments don't make BTC illegal worldwide ? on: August 30, 2017, 08:15:35 AM
BTC could make people more autonomous, self-resilient, being their own bank. You can use it like cash, making your transaction almost untraceable (or untraceable using e.g. monero or dash or laundry systems) : this is governments worst nightmare, isn't it ?
I bet it is. Because all those reasons you've stated goverments are afraid of it.
Since govement cannot take over it nor fully control it. But with every bad things that had been happenning all this time, don't blame it all on cryptocurrencies.
governments also can't track or control how cold, hard cash trades hands everyday (paper money, coins), but that doesn't mean they fear it. sure they might control the currency of the nation or state they operate in, but as for small trades, they cannot hope to monitor what every individual does with their money. in this sense, bitcoin is more traceable than hand to hand cash trades; there is a public ledger where every transaction is recorded, as well as many tools available that can even associate multiple addresses with a single wallet. if anything, the government would fear that bitcoin cannot be taxed and therefore would impact their economies.
426  Bitcoin / Bitcoin Discussion / Re: How much risk in bitcoin investement ? on: August 30, 2017, 12:47:15 AM
In my opinion it is 0% risk !
In fact, bitcoin is in his best days and his growth will be certainly for the 5 years coming at least.
there's no such thing as a 0% risk investment, otherwise everyone and their grandmothers would be pouring their money into it. even if you cannot immediately see what risks may be involved, there's always something. for example, imagine what might happen to bitcoin if the US government decided to declare it as illegal for use in the states within the month; bitcoin and crpytocurrency based companies and projects in the states would disappear, as well as any exchanges or large hubs of exchange. just imagine the effect this would have on the bitcoin market; prices would practically be in free fall if that were to be announced.
427  Economy / Gambling discussion / Re: To Gamble or To Invest? on: August 29, 2017, 11:50:55 PM
investing is better than gambling. there is risk in investing but there is never a house which control everythin in investing. Therefore, gambling is just a game, never keep in mind that gambling can bring money to you, only investing can make you rich

Nice point. When we gamble, it is better not to expect to gain profit and just gamble to have some fun and if we really want to get some money, invest or much better work for it.

It is nice and also true, but if we see the realistic life, then gamble prefer to play with his money only gambling, and same here in investment. Investor like investment than gambling. But if we seriously want to earn profit then investment is always in number one than gambling. Although when gambling decide to give us profit then gambling always give us double and triple money than investment.   
You can triple your money in gambling but consider your chance of winning, if that is easy then most people who are gambling are not complaining anymore. Only investment will give you a good return, it does not matter if it will take a long period but what is important is you end up successful, have a long term plan and never settle for easy money.
keep in mind investments aren't a guarantee; while the term 'investment' does carry with it the implication of assurance, those profits are based on whatever you invested in reliably making money. let's take a casino, for instance. if said casino has a high roller come along and take off after a few big wins, your investment will depreciate. at the same time, if no one plays at the casino, your investment will stagnate.

Keep investing atleast at the end you will some return. On other hand gambling has no guarantee investing can give you a loss but if the site advertises and introduces new promos then the site profit would easily increase and with that you can make little profit with less risk unlike gambling you lose everything

It is the same but for me investing is much more comfortable. I just need to put my money into the site and it will make money for me. Of course no guarantee wih that however I hink it is better for because If I gamble alone then I wont be able to make money. I keep on losing everytime I gamble with high amount
Correct investing is always the best option there is no guarantee for getting a short term profit but in long run most of the sites are profitable same happened with me i put 0.1 bitcoin it had almost become 0.09 in a weeo but when i checked after few months my profit was 0.12
Take risk or get nothing , when it comes to gambling it's really wrong ,
But when you use that principle in an investment it's the perfect way to get started ,
Gambling is have too high risk , people don't love it ,
It's just bring you an addiction , yeah bad things everywhere when you choose to gamble.
You made me happy my friend. I am also against this stupid game. Taking all the risk just to become a beggar, who would be foolish enough to jump into fire? Majority of the gamblers are those who seek profit and consider it a mean of earning, but their dreams remain dreams.
Gambling is not just about risking all what you have, it is also depend on a person on how they can handle themselves into it. Gamblers should need to be responsible so that gamblers will not let their emotions control them so they will not going to get addicted. We all wanted to get rich but gambling is not the way to make our dreams come true and that is for sure, gambling is just a game, so gambling needs to be treat just a game and not as a source of income.
gambling can most definitely be a source of income, otherwise professional poker player's wouldn't be a thing.

For me gambling is better than investing by far, because it is a simple game that makes you earn money !
investing also carries with it a minimal risk and can be expected to be +EV, which in most cases gambling cannot accomplish given house rules.
428  Economy / Currency exchange / 110 usd bitcoin for paypal on: August 29, 2017, 07:45:03 AM
as title says, looking to trade my btc for paypal funds, 110 usd worth at the preev rate at time of trade. only trading with trusted members with a solid trading history, no problem going first with the right people. may ask for a signed message if i've had no interaction with you in the past or if you've reset pw / email.
429  Economy / Service Discussion / Re: buying bitcoins on: August 29, 2017, 07:16:43 AM
trading platforms such as the ones you listed (etoro, plus500) are brokerages / investing platforms from what i can tell and may or may not have an option to be investing into cryptocurrency. I've no experience with either of those, but it doesn't seem to me that they're bitcoin related services, but serve to invest your fiat money into various funds (stocks, s&p 500, other international currencies). They might have plans and options where they invest a portion of your funds into cryptocurrencies, which is why you might have come across them.
bitcoin exchanges (circle, coinbase) exist solely as a means to exchange (buy / sell) cryptocurrencies and fiat on a trusted platform. they will not take investments or help your money 'grow' as the brokerages would. they're two totally different types of services.
430  Bitcoin / Bitcoin Discussion / Re: Would any government in crisis consider storing their cash in bitcoins? on: August 29, 2017, 04:49:03 AM
I don't think our govement can do it now, it'll cost a lot of time to complete all the policy.

No government will do that especially now that Bitcoin is globally accepted and lacks any form of control. They'd rather invest into creating their own Altcoins so that they will control it by extension and have their citizens use them.
I'd agree that no nation would convert their financial backing entirely to bitcoin, but not necessarily because of the lack of control and decentralization. I would say no nation would risk something as big as having their economy backed by an extremely volatile asset over something more stable such as gold. the market cap of bitcoin and the nation / state's ability to acquire that much bitcoin is questionable as well.
431  Bitcoin / Bitcoin Discussion / Re: Bitcoin is instant way to get rich ? on: August 29, 2017, 03:07:25 AM
Bitcoin is certainly a way to get rich, but I can not call it an instant way to become rich. It takes time for the price to rise much and bring a good profit and this will not happen in one day.

If Bitcoin is a way to get "rich" You would already see everybody starting to buy it
but plenty of people have gotten rich off of bitcoin and related technologies; your statement is only valid if you say it was an 'instant' way to get rich. many people even now are a great deal wealthier tho bought bitcoin even just a year ago when it was hover 200 ~300 dollars. i mean, in the grand scheme of things, to have an investment pay off 1000% within a year or two is almost miraculous. weather history can repeat itself over the next few years is an entirely different matter though; o personally do not see bitcoin rising to the 5 digit mark for at least 5 years.

432  Bitcoin / Bitcoin Discussion / Re: Bitcoin just an asset ? on: August 28, 2017, 02:24:05 PM
it is true for now bitcoin has no character and no assets, but bitcoin can still be made in the medium of exchange of goods that we need, for now bitcoin is still a virtual currency there is no possibility of bitcoin to be the currency for us to use for sale several years forward.
Why we need make Bitcoin to become a curreny like other currency on the world? I do not understand that, because we also know the definion and nature of Bitcoin is decentralization => The government cannot control it, how to helps them accept Bitcoin is a currency? Huh
There is nothing as a compulsion to make bitcoin a currency. The reason why it's been suggested to make use of it as an currency for the circulation of increased volume of bitcoin in the market. This will surely lead to growth in terms of value and user involvement.
bitcoin has been, and still is, an experiment. bitcoin might not be the currency of the future, but i believe it certainly is a good first step towards the currency of the future. as we step into a digital age, its fitting that we have a digital currency, and bitcoin is just the first step of trial and error. bitcoin has its flaws; we're seeing that right  now with all the unconfirmed transactions and skyrocketing fees. however, an actual technology, perfected off of what bitcoin has showed us, may very well be the currency our grandchildren will use on a daily basis.

it is true for now bitcoin has no character and no assets, but bitcoin can still be made in the medium of exchange of goods that we need, for now bitcoin is still a virtual currency there is no possibility of bitcoin to be the currency for us to use for sale several years forward.
Why we need make Bitcoin to become a curreny like other currency on the world? I do not understand that, because we also know the definion and nature of Bitcoin is decentralization => The government cannot control it, how to helps them accept Bitcoin is a currency? Huh
currency by my definition is the legal tender of a nation or state; it does not have to be centralized, it just has to be the nation / state's officially accepted form of currency.
433  Economy / Gambling discussion / Re: How can you determine whether you are addicted to gambling? on: August 28, 2017, 06:31:57 AM
I find myself impulsively going to a dice table or poker table and getting tilted to lose money. That is definitely one of the signs of being addicted to gambling.

Other than that, anytime you feel like going to gamble at random times should be a clear sign.
impulses are natural, it's just part of being human to have such impulses to do things you enjoy. I think your definition of addiction is either loose or classifying addiction to gambling as a different type altogether. personally, I'd mark a person as an addict (to anything, really) if they were consciously making the decision to pursue their addiction at the cost of something that may not be worth the trade-off or is a basic necessity. for example, if someone didn't pay their electricity bill to use the money at a casino, I'd consider them an addict.
434  Bitcoin / Bitcoin Discussion / Re: 1mb per block and scalability on: August 27, 2017, 12:04:39 PM
Hi,

currently there are on average 300 000 BTC transaction per day.

My question is : is it possible to keep 1 mb block (with technical solutions) while the transaction numbers per day increases to 1 million, 10 millions, 100 millions...?

thanks

There must be a way to delete all the small "spam" transactions.This might leave some free space for all the other normal transactions in the 1mb block.The other members think that the Lighning Network will be the ultimate solution,but i`m skeptical about these offchain transactions.
Your question is already asked and answered before.It`s technically impossible to keep the 1mb block.
That`s why most of the people here are waiting for Segwit.
correct me if im wrong, but i think if most of the miners (51%) decide to reject the transactions, the transactions will eventually be rejected by the network and either disappear (again, if im wrong correct me) or never be processed without a block being mined by a pool / miner specifically trying to confirm that transaction, rendering that transaction essentially useless without miners trying to confirm it (specifically).
the case in which a transaction might be 'deleted' is if the coins are double spent, but I doubt that'll ever happen with spam transactions.

1GB block per 10 minutes is the best way to save the world  Grin
bad idea tbh, core is slow to download the chain as is; nodes might have a lot of trouble keeping up if blocks ever get that big.
435  Other / Meta / Re: Forum moderator,help on: August 27, 2017, 09:32:50 AM
You were banned for copy / pasting (a.k.a. plagiarism), quite petty plagiarism as well:

PM sent, hope I made the cut.

GO TEAM!

PM sent, hope I made the cut.

GO TEAM!

This is a permanent ban; you will not be unbanned. You can post about your ban here, in Meta, but you're not allowed to use ANY account outside it. As stated in the ban message, you can try to appeal it via the listed email though chances of getting unbanned are incredibly slim.

 
Thank you for your message, I just noticed I made a mistake that you pointed out.
Could it be a week's ban? Or is it always a taboo? I sent a message to the mail, but no answers, not better in this forum.
you've already got your answer. how do you just now 'notice' making a 'mistake?' you have to have been fully aware you were plagiarizing posts, you don't do that accidentally.

This is a permanent ban; you will not be unbanned.
436  Economy / Gambling discussion / Re: To Gamble or To Invest? on: August 27, 2017, 05:20:47 AM
I will do trading.Because trading is more safe investment than gambling.Gambling just depends on luck.But if you are well known of trading and have a good strategy you can make profit.And I saw many people became rich by trading, but didn't found many one who rich for gambling.So,I prefer trading.

Investment is risky but gambling is riskier and you had the right choice of trading. Every gambler knows how to recover their loss by gambling again. But if you know how to trade and you decided to do it so for sure you will be at the right place to make decent profit. Trading is a good way to reach your dream of becoming a rich one.

I think no much gamblers know how to recover their loss from gambling again. if they know this method, then they will not switch to trading to recover their loss. There are many gamblers are following this method. And this method will make them to addict to gambling. If you addicted to trading no problem, you would learn the market skills, and it will help you to make money. But if you addict to gambling it will spoil your life.

The method is very simple, to gamble again and that's how every gambler is recovering their losses. We are already expecting if gamblers will have a the same way of recovering their losses by gambling again, then you have the expectation right. But if you are a gambler and you know how to recover your losses by having some investments, it's better.

Are you sure that every gambler is recovering their money from gambling again?

If you follow that method then mostly you lose all your money in gambling and end up nothing. That is the most dangerous thing to do in gambling. Better you find some other ways of investments to recover your gambling losses and don't ever go to gambling to get back your lost money.

Yes they are recovering that way, what can you think about a gambler to recover with his losses by selling the goods that he owns. I know that you know it that this is the very popular that what gamblers are doing, they keep on gambling repetitively and they are realizing that investment is a good way to use their money but it's too late for them because they lost all their money with gambling.

There are few professional gamblers who are able to live by the earning of gambling only. But its not possible to everyone and its really impossible to recover back the loss in the gambling. I would also suggest its better to invest rather loosing the money into the gambling. If someone is playing for fun and if he can afford to loose the certain money then its absolutely fine.

Why to waste money for having fun from where we won't get anything back in return and if you want to have fun then there are many other ways of having it so I will never spend my money on gambling and will choose to invest in trading as there is always an room for an improvement in it and over a period of time you can also become a good trader.
you act like its a given that everyone loses out in the end, which isnt true at all. theres a chance to win, and a chance to lose; given the chance to lose is inherently larger in a game with a house edge.
the same observation you make of trading holds true for skill / experience based games as well, namely something like poker. veteran players with talent for the game can reliably profit off of worse players (it sounds bad to say, but it's a fact, worse poker players will generally lose out in the end of a  long game) and even go off to make a living.

hi guys, i bought 1BTC today and i am wondering to gamble or to invest the 1btc?

if to gamble
 
best site to gamble with a really nice provably fair..

and if to invest.

best investment program wherein no scam.

thank you for your opinions guys

cheers
It is much for you to invest it into Xem, Maid, Bay, Waves and Eth, then its up to you which among of this coins you are interested to buy in. So that, your capital investment will not turn into waste anyhow Smiley
wrong. there is always a chance that a coin can drop to being worth next to nothing.
437  Economy / Reputation / Re: LAUDA + LUTPIN + HILARIOUSSANDCO + THEYMOS = SATOSHI NAKAMOTO ? on: August 27, 2017, 03:54:35 AM
you mind telling us who the illuminati are next?
438  Other / Meta / Re: My account banned for no given reason on: August 25, 2017, 10:16:46 AM
https://bitcointalk.org/index.php?action=profile;u=198242 CoinBreader
Original:
http://www.sciencemag.org/news/2016/03/why-criminals-cant-hide-behind-bitcoin
Quote
The majority of Bitcoin users are law-abiding people motivated by privacy concerns or just curiosity. But Bitcoin’s anonymity is also a powerful tool for financing crime: The virtual money can keep shady transactions secret. The paradox of cryptocurrency is that its associated data create a forensic trail that can suddenly make your entire financial history public information.
Copy:
Snip

The majority of Bitcoin users are law-abiding people motivated by privacy concerns or just curiosity. But Bitcoin’s anonymity is also a powerful tool for financing crime: The virtual money can keep shady transactions secret. The paradox of cryptocurrency is that its associated data create a forensic trail that can suddenly make your entire financial history public information.
Alrighty thanks for the clarification, i would like to ask if this ban is permanent ?
if it didn't say how long the ban is / when you can use the forum again in the message, then it's permanent.
439  Economy / Gambling discussion / Re: Can gambling be profitable in long term ? on: August 25, 2017, 10:09:23 AM
No. Gambling can make a profit in the long run only to their owner. If you are a player, you need to consider this only as entertainment, and not a permanent or temporary form of earnings.
Absolutely correct! I played gambling just for fun, I'll never thought it was profitable.

yeahh it would be useless effort for me to expect gambling could be profitable , especially when you planning to do it in the long run which i could guarantee you wouldn't get profit in the end. all just lost and more losses. why? first of all it was -EV , the odds always against you, the point are mathematically you won't be able take benefit from gambling , and that's true only the owner who could.
When playing gambling, bad luck is always there.

As described most of the time the owner or the authority who own the gambling website gets profited. Whether it's long run or short profiting through gambling is quite a hard task. It completely depends on the users luck, however hard he makes strategies as well predictions about the games. On long term participation the user might gain experience, how to handle different situations in the middle of the games.
Agree with you, it is profitable for the owner. So if you want to earn big amount of money you can make your own gambling hub.

That's one of the things I was always used to say.

You can never make money off a gambling site at the long term unless you are the site owner who charges an house edge from the people.
Gambling is totally based on luck so at the long term u won't be able to be in a plus.

not true at all. poker is one of the few exceptions here; a good player will have a advantage and can generally expect to net profit off of worse players consistently. the house has no part in these games, they only host the game and take a rake as their fee. it's one of the few situations where a 'win - win' outcome is possible.

Gambling can not be profitable in the long run. Unless it can turn out in sports rates, if it is good to predict the results of matches, but this does not guarantee a permanent profit.
I think otherwise; if you can reliably manage your bet sizes based on the variance you put on your own predictions, I think it's entirely possible to net a consistent profit. forgive me if I worded that badly, pretty sure it wasn't the best choice of words.
440  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin money? on: August 25, 2017, 10:01:54 AM
Knowing you can buy almost anything with it sure its money, the fact isn’t printed as fiat currencies made some people to doesn’t consider it as currencie. For me this weren’t a question about being money and yes where and how to use in the daily needs, as we do with fiat.

I mean, im pretty sure if they accepted it, you could buy just about anything with gold and silver (along with other precious metals / commodities), but that doesn't make gold / money. personally, I define money as the legal tender of a nation or state, and until that is so, bitcoin won't be something I can consider money in my own definition. a highly liquidatable asset describes it a lot better in its current state.
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