Access to bitcoin or any kind of cryptocurrency is restricted in China. This would impact the price significantly since most miners come and originate in China. The implication would affect the future outcome and price of bitcoin considering that its acceptance is on the process of being accepted to countries.

I doubt that these countries would resort to bitcoin to maintain their economic strength, as what was stated on your argument. Although securing this type of investment may yield opportunities, economic strength can be drawn into different financial factors.

Just to add on the list, DO NOT ever gamble if you view the act as a gateway or as a solution towards paying a debt or if you are financially struggling. Sure, there may be some that gets lucky on their games but the risk outweighs the merit at the end.

Another thing, one should always know their limitations before they gamble. Set a limit or a cap on your maximum allowable winnings/losings as this may effect on how you play your game. If you feel like that you have lost enough money, always know WHEN TO STOP and WHEN TO CONTINUE. Gambling is not an overnight process as it may take someone some time before they actually recover their losses (always subject to luck).

The term HUGE is relative depending on the circumstances of an individual which cannot be the same to all classes.

As to my experience, back when Dota 2 has KEYS as their main currency in the market (dota2lounge.com), I started with 0 keys and ended up with ~35 keys in the market due to betting to a bot. But when I slowly started losing my keys on by one, I tried betting all of my remaining keys which doubled my initial amount. From that experience, I vowed to stop and gamble with a limitation on my mind.

On the other hand, my father used to practice cockfighting as we have a farm specifically for breeding and fighting chickens. I remembered my father won around $2,000 from one fight alone and won all the remaining fights (he had a total of 5 fights).

According to investopedia.com¹, the definition of currency is a medium of exchange for goods and services, which is usually issued by the government and generally accepted at its face value as a method of payment.
In order to satisfy the conditions of bitcoin being a currency, it must FIRST be issued by the government and SECOND being accepted as a medium of exchange of its face value.

Being decentralized and free from any control, bitcoin has a volatile and unstable price that is determined by law of supply and demand. Being a medium which is also limited in supply, the price may vary considerably when it starts to reaches its supply count. From those scenarios alone, I doubt that bitcoin would be regarded as a 'national currency' of every country.

Nevertheless, bitcoin is being used as an investment alternative which has the potential of earning large amounts of returns in a relatively short amount of time. Regardless, I personally think that bitcoin does not need to be a currency but remains as to what it is performing currently.

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^{1 https://www.investopedia.com/terms/c/currency.asp}

Before cryptocurrencies were a thing, gambling with either things (of equal value) or money was the norm and the conventional method. When bitcoin slowly gained its reputation while its price increasing at the same time, people explored the boundaries of gambling by using bitcoin as the currency. Not only you gamble online (which provides convenience), you also have the option to either use your fiat or coins!

I am pretty sure most people who started gambling utilize their fiats before exploring using bitcoin. Not to mention, getting fiat is relatively easy than earning/purchasing bitcoins.

Again let me reiterate like in my previous posts about the nature of the subject, the only SECRET to gambling is to STOP GAMBLING. It is as easy as that! Although some people would question my stand, the only way that you WIN and prevent yourself from losing is to deviate from the practice of gambling.

Again, if there exists a method wherein you have the potential of winning almost every game, then that method would be exposed by now. Although there are claims that they have found the secret, I doubt their statement as GAMBLING is on the nature of LUCK, which anyone CANNOT ACCURATELY predict and know without cheating or tampering the game.

Thus, if you really want to win in gambling then just stay away from it and focus in different areas like your job or investment in general. Luck is the very nature of gambling and from that alone, no secret exist.

I have two (2) suggestions:

First, keep your bitcoins by securing/getting a hardware wallet and store any amount of bitcoins depending on your discretion; and
Second, invest your bitcoins either by HODL or by diversifying your portfolio in considering the conventional methods of investment in the market.

If I were in your situation, I would keep like 51% of my total bitcoins to a hardware wallet and invest the remaining 49% into different market porftolios (i.e. stocks, bank notes, or by HODL). In this way, I have the security in ROIs in stocks (depending on the company where I acquire my stocks) and risk the remaining by short-term income.

To be honest, if such strategy exists, then all people who knew of this strategy would never share it as it guarantees income despite having low margins. Regardless of your bets in gambling, whether the amount is low or high, you are dealing with the game of luck/chance. The amount is immaterial to the risks involved. Although it gives you more room to bet, the chances are still considered.

If you are really looking for a method where it involves making sure cash, then work in company since it yields you income weekly/monthly. Gambling, on the other hand, cannot render you such guarantee.

Based from my personal experience, diversifying would be my best advice for starters.

Diversifying investments makes your investments relatively secured especially if you invest in blue chip companies that yield returns in a consistent basis. Although the realization of profits may be longer, the yield is stable and secured. Another thing to consider is to purchase bitcoins and view them as short-term investments. Take advantage of their high-volatility and cash them out as soon as you see your margins increased.

What I would advise against is to do trades that are high risks with relatively low yield. Do not test the market especially if you lack the background, knowledge, and data to support your decision.

Although this may be completely different, traditional, and unorthodox, I consider small spiders fighting as one of the memorable gambling games which I believe, started in Asia. I guess that only a handful of people know what I am talking about but I do encourage everyone to watch videos and learn more about that kind of gambling. I also do hope that the practice still exists maybe in the local streets?

Chances of winning in the lottery is around 1 out of 14 million. Although the numbers and the chances might be considerably low, the fact that people win makes it worth trying for. Unlike in gambling wherein you actually participate in each game and bet your money in a pool, the chances of winning may be higher but you are situated in an environment wherein continuous outflow of cash may happen.

Both are considered 'gambling' but participating in the lottery makes an individual deviate from the conventional gambling that has a relatively higher chance of rendering addiction. The choice is yours!

Yes, Bitcoin will soon replace these traditional payment processors in the future.

What the countries need to develop and adopt is a revolutionary payment method. The adoption of the Blockchain technology to this aspect may actually change on how people transact their payments. Like what other people mentioned, they may formulate their own blockchain or any related technology BUT nothing will ever compare or even come close to what Bitcoin has offered in the past few years.


Adoption of this technology will inevitably happen in the future but we cannot force it if countries are not capable of adapting to this technology. The first step to adoption is being widely recognized in the world. Second step would be slowly implementing the technology and acceptance; and third would be the wild-scale production and application.

Actually, ang DRAGONPAY ang tumatanggap sa bitcoin bilang isang merchant and sila mismo ang nag-babayad sa Shopee para makabili ka dito ng kahit ano mong gusto. Pero gaya nga ng sabi ng iba, mas prefer ko pa rin ang payment option na COD. Ginagamit ko lang bitcoin ko para bumili ng mga libro for law school and for investment purposes na din.

One of the reasons kung bakit mas prefer ko ang COD kasi parehas sila na binibigay ng bitcoin in terms of convenience.

Hi,

upon checking the website link you provided, I noticed that it seemed to lack crucial, essential, and necessary information about the project (i.e. WhitePaper, team members and their profile links, information on the project, etc.) that will validate its authenticity. Although everyone deserves the benefit of the doubt, everyone would appreciate if you supplement those missing details.

Thanks!

I remember the first time I tried gambling with my father and brother. When I observed that my brother risked his monthly savings in school to bet in a 50/50 chance in a cockfight and he was winning consistently, I risked my sole money that I received from my birthday and bet everything. Unfortunately unlike my brother, I never experienced winning in casinos and gambling in entirety. Due to these reasons, this led me to believe that gambling was always against me.

As for the question, I do think that if one experiences winning, the brain releases a signal which feeds your satisfaction until it becomes insatiable- thus addiction forms and progresses at this stage.

Hi,

If you have any accusations or evidences of scamming in an ICO or project, kindly report and post in the appropriate board specifically the SCAM ACCUSATIONS (https://bitcointalk.org/index.php?board=83.0) board under ECONOMY.

Second, along with your accusation, please provide sufficient proofs and evidences that would support your claim. Any alleged scam ICO/project is presumed to be innocent and it is your burden to provide such proof.

Thanks!

This is actually an interesting question but when you think of it, anything that has been created first is considered to be the reigning/dominant one in their respective market. But what makes BITCOIN different is that it introduced the blockchain technology. Due to the blockchain technology, it sparked and revolutionized the payment methods which caused a myriad of creations of altcoins.


Popularity does play a role but not the entire reason on why it is successful. If you were a revolutionary product and the first of its kind, you have the monopoly, control, and demand over the market. Popularity alone may boost your sales and attract other investors.

Fully agree on the statement that everything is about transparency. What the blockchain advocates is the transparency of transactions being in public to all people. No person can EVER omit, change, or add to the transactions to manipulate the people.

I listened to a discussion on TEDtalk about the basics of the blockchain and it discussed about its application on a practical perspective on products. Not only it applied a practical aspect but it also talked about the future application in processes in a business!

Going to reiterate what the person above me mentioned, do you have a WhitePaper of the current project? Also in your website, please provide all the necessary information including pictures of the current team with links to their profile, the WhitePaper, and other information that would validate the project free from scam.

Nevertheless, I wish you good luck in your project and please take note of what we have mentioned. Thanks!

In the current time, there are actually people who gamble as their main source of income (i.e. professional poker players, etc.) but I highly advise to follow the same pattern. Making gambling as your profession is like putting your whole life in a wheel, wherein the road is unpredictable with all ups and downs along the way.

For further proof, check our the present day and the people who gamble. Most of them are people who are struggling financially but still, they gamble as their last resort. Making this your main source of income may only give you a potentially dangerous life. If you really want to pursue this path, then get ready for the future as this may give you unexpected results.