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As a gamble the best thing yo can do is to learn how to self control your emotions, just like in the day trading business. You can never try to take revenge on your luck, just like you can't take revenge on the market not doing what you expected. You take your loss and go home and hope for better fortune next day. Knowing when to stop is key.
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BTW 1BTC = $100k means that Bitcoin marketcap would be around $1.9-2 trillion. US GDP is $17 trillion and World GDP is $75 trillion, so it's not a crazy estimate.
Do you really think Bitcoins will reach $100k in 2030??? If it reaches even 1/10th of that, we must feel lucky... As after 5 years, the %s of increments are lowered a lot, and $100k is a very high target... Bitcoin marketcap is tiny. You have to look at the potential growth and the potential growth is insanely high. Bitcoin marketcap is not even 2 figures on the billions right now, it's just ridiculously undervalued. Consider gold's marketcap, fiat marketcap, stock marketcap, silver marketcap, and random under the table cash that is not even stated... a small money of all those sectors in Bitcoin = 100K per Bitcoin. |
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Nope they are not safe yet, you will loose money if you buy high. Now is not a good time to buy people.
Why not, maybe the price of bitcoin won't go lower in 2016 or ever. Buying now just little amounts is good to do, only if you do a long term and holding it is a good idea. Indeed, it's better to buy now, I don't think the price will drop again lower than $350. If it does you're lucky to buy in then. I really don't understand that why people talk nonsense in each of these threads??? Threads regarding price are there, we should talk about price therein... @OP, And about safety of bitcoins, yes they are safe, if you can keep them safe... They ain't any virus, they are an electronic value that you will see in your wallet in numbers however much you will have...  How can you be sure that investing in bitcoins is safe? How? Are you a fortune teller? Can you see the future? As far as I can tell, nothing you invest in is safe. You don't know what happens to the market in a year from now. You can only predict and speculate until that time comes. there isn't something as a save investment. all investments have a certain risk. you can say that bitcoin has a low risk if you keep the potential growth in mind. Bitcoin as in the protocol and teh technology behind it is the safest thing on earth, as proved in the last 7 years. Bitcoin has never been hacked, only people holding Bitcoin has been hacked (this includes badly ran exchanges). So the lesson is, make your Bitcoin's safe, and you will be safe. Price wise, it's also safe to say that the only way is UP long term. |
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The problem with dash's approach is the masternodes idea is prone to attacks, I think I remember it would be relatively easy for the feds or whatever to intercept said masternodes and ddoss them and whatnot. The thing is, it seems is not a sustainable solution. Ring signatures seem like a positive idea but I remember reading about blockchain bloat problems and scalability problems.
Let's just hope gmaxwell and friends continue doing a good job into making Bitcoin more anonymous because right now anonymity is impossible unless you at least mix your coins each time you want to buy something/send coins to someone by sending them into some mixer first which is annoying and a waste of time. I want to seamlessly send coins from A to B without having to send them first to some other place. This includes not having to convert to some alt as well.
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I can honestly say that it is only through bitcoins that we will be able to open up the entire economy to the world. One thing i am sure that is going through the minds of the CEO of big companies like apple is how the bitcoin thing will compete them. there are these people who always think that only good thing come from their companies. Whether they like it or not, trust me that the bitcoin is gaining popularity day and night.
Well it is clear that JP Morgan and Chase & Co are not going to bother banking the rest of the world which is actually the bigger part of the population on earth. It's not profitable for them, therefore only something "out of the system" like Bitcoin is going to allow all those people be able to run their own bank and start accepting payments. |
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yeah and in fact there altcoin that have implemented a game inside it like the old good huntercoin, sadly it was a bot fest at the end so it did not worked well
but i've always see it as a game on pure numbers, maybe in one of the sidechain we could repliacate a real game where you can earn bitcoin by playing, it's my little dream
I remember other blockchain based games like Motocoin, which I think nowadays is probably pretty abandoned as well. But the game industry has just begun with Bitcoin, the Battlecoin game is a great idea and nicely implemented within the Bitcoin blockchain. I think we will see more and more stuff like this in the near future. |
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This is an insane amount of money on the line right there. I can't wait to see big fiat rollers like Dan Bilzerian hoping on Bitcoin and doing his crazy antics over there. Can you imagine the expectation of a famous gambler doing this? It would bring massive traffic on the website and would get some headlines.
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The safest way to gambling is just have control, be prepared, don't spned the money that you can't afford to lose and don't be mad if you lose.
When you feel that you are losing I suggest you to stop playing.
That's hard for some people, because they believe there's always a chance they can win the next round and/or maybe the next. Some people have very little self control over certain things like these. This is the core of what makes gambling so addictive, the "just one more" aspect of it. You always expect a different/better outcome. If you win, you expect to win more. If you lose, you expect to win next time. This is how people become addicted and broke. |
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You cannot use Bitcoin's blockchain without using Bitcoin. They can create their own centralized blockchain and a token to use with or they have to use Bitcoin and our blockchain.
Of course, if they would use Bitcoin's blockchain, the price would skyrocket.
This remittances market is by the way one of the Bitcoin's strongest use case out there! Huge money to be made here, this is as well huge market which is today highly inefficient and expensive to use for the foreign workers.
This market would also suit Bitcoin as it is at the moment very well, since near instant confirmation times are not at all that important for remittances.
Well they could create a sidechain, and issue their own "VISA token", by doing this you still benefit from the Bitcoin blockchain's superior security while not having to use the actual Bitcoin token. Bitcoin benefits from this since at teh end of the day is all thanks to Bitcoin's blockchain, so it's a good thing. |
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But what amount of transaction per second would this deliver? can this really compete against LN in terms of being able to be at the same level of VISA and the like? This looks good on the surface but I would wait for someone like gmaxwell to comment on it to see potential flaws. Did any of the core devs speak on this?
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Everything that isn't working for it involves big risk, so you have to choose between making solid gains monthly (by buying with your salary) or trying to make it big in a shorter amount of time, but risking your money in an investment. Personally I just buy and hold.
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Bitcoin hit $1,000,000: I would retire in some nice area isolated from city, noise, smoke.
Bitcoin hit $1,000 again: Not much, I wouldn't even be able to buy a cool car with my current stack. Then again, there are more chances that we see 1 million than 1 thousand in 20 years.
Bitcoin stayed where it was: Nothing, but again impossible.
Bitcoin became worthless, or a few cents: Same, impossible.
So yeah, in 20 years I will be retired in a nice place outside the city.
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Trezor is good to go. It's one of the best hardware wallets out there.And it has the best design imo.  On the other site it's quite expensive, what many here will have mentioned I guess. But it's also worth the price imo.Maybe with more competition and cheaper ways of manufacturing it will become a bit cheaper in the future. But is only good right if you hold your bitcoins for a long time? Because actually you dont need trezor if you spend bitcoins every week. It's still safer than having your coins in a computer that is constantly connected to the internet. A device that is constantly connected to the internet is prone to all kind of attacks. The only way to stay safe is to have this device absolutely isolated from the internet. |
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I have noticed that the green bar that shows "X days behind" isn't smooth. When it's near finishing, it goes from "X days behind" to completed all of a sudden. Like for example, right now im 6 days behind, and the bar is not moving, but im sure that im going to go from 6 to fully synced once it's finished. Why is this happening?
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The funny thing is that if there was a safe way or method to gamble, the point of gambling would instantly vanish because what makes gamble addictive and fun to do is precisely the fact that it's really, really unsafe, you don't know what's going to happen. If you can predict what's going to happen, it's not fun anymore.
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One of the killer aspects of the Bitcoin + gambling combination is the fact that you don't even need to show any credentials to start gambling your money, if you compare gambling with Bitcoin vs gambling with money, you will know that to gamble with your local currency you need to give several details about yourself which is annoying, with BTC you go right on the game.
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There is a problem we encounter when talking with people about Bitcoin, it's that currency still need to be converted into fiat in order to use it and make deals in the most famous marketplaces
This is indeed one of the main reasons the average person is not willing to get on Bitcoin, they think it's a waste of time if they have to convert to their local currency (and of money since there are fees to do so). Like some pointed, being paid in BTC is a crucial step in everyday type of usage. |
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I have had BTC20 max on my whole life with bitcoins, most of which came from some lucky trade calls and decision. Up to now, I'm still sitting with 2 digits, and I plan to hold it for the next 5 years or so.
20 is a lot, it's almost 21 which is that magic number that a lot of people is after. Consider that with 21, you are part of a select group of people, only 1 million people can ever exist that own 21 BTC, but if you take into account the fact that a lot get lost, it's even less people than that. |
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From reading this thread theres not very many people at all that have 1 bitcoin .  but some people have more than ~100btc i think they are would not say if he was to have it because it is very risky yeah true they are silent now, now many people who have more than 1 btc, its easy to have 1 btc i sure, most of the old members of this forum have 1 btc it's normal that people with a high coin count won't speak openly about owning for example 100-200+ bitcoins. right now 1 bitcoin isn't worth a huge load, but what will the price of 1 bitcoin be in 2030? then people won't even dare to say that they have 1 bitcoin because it's worth a lot. You are right. May be at that time, people may be answering to the thread of "DO YOU HAVE 100 SATOSHI?" I believe by 2030 one Satoshi may worth some $1 or more than that. I see this thread as motivation to many new comers to make some bitcoin by aiming their first full bitcoin. I am not sure if in 2030 one Satoshi may worth 1$ or more, that's just your guess mate, or it's just your hope may be. I don't think Bitcoin's price will going higher such way in the few next coming years, i think the price will stabilize at some fixed point I think satoshi will be the equivalent of 1 dollar eventually, I mean it just feels natural that way, as if at the end of the day it will all come down to that. I think satoshi may have predicted it in a way that when Bitcoin is full mainstream and worldwide, the unit of value for the daily usage of Bitcoin will be 1 satoshi, which leads us to the 1 dollar equivalence. |
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