1-I buy for using it. I buy digital goods with my coins. 2-I buy for investment. That's the most profitable instrument in financial world right now.
I only buy for investment purpose. When ever I get some savings I just convert that into bitcoin. The reason for my buying is the faith on the future of bitcoin. I'm the one who believes that bitcoin will be worth some millions in near future. Not only you, many people here are buying bitcoin just for saving it like an investment for their future. Because the past record of bitcoin has proven as biggest returning for the investments made. So, buying bitcoin must be good idea for our generations.
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Bitcoin is of course less worthy than my fiat assets but it doesn't means its over fiat or such. It would have been real money to me if i was a bit early to adopt and was able to collect some thousands of coins. Bitcoin is more than just money! Its Freedom.
yeas it is but is unrelated here. That's the point how you use bitcoin. If you have thousands of bitcoin, then you can use it as money. Otherwise, you may save them for price appreciations as an investment. For me, bitcoin is an investment. It may take decades for me to use bitcoin as money. Yes, the OP must be like this "Is bitcoin real money or investment to you". But many people here are using bitcoin as real money even they do not hold any big amounts of bitcoin. May be the ease and convenient nature of bitcoin is the reason for them.
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Than this thread was never made, but I don't know I think that people is just creative that they will search other method to earn money. I happy that gambling is introduced, because I love playing poker.
May be people would have invented a more dangerous method than current gambling. All we need either quick money making method or a highly entertaining method. People are keep on going on inventing new methods for keeping us always engaged. If gambling was not introduced, then we would have been busy in some other things. Yes I guess the name gambling only the difference if gambling was not introduced. I mean to say same thing would have been introduced but in different name. Human never settle and satisfy with their inventions.
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Can you honestly say $2000 a coin by next year If it hasn't reach $500 by end of this year than that possibility is not written in BTC destiny. It's ridiculous people are still doubting on reaching $500. In my view it's already in that range. You always can not expect the exact levels 10% up or down is most common with a fluctuating prices. Get ready for $1000 levels in first quarter of 2016 itself. You are right $500 levels are already being tested. A 6 digit figure is 0.1M and with 57 bitcoin is more possible in my way of speculating bitcoin prices. By the way 57 bitcoins are big number. How OP managed to save this many. Sharing the way of accumulating 57 bitcoins, it would be more energizer for many bitcoiners here.
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when I was gambling and losing, I am regret and then I gamble again to refund/recover my money, am I greedy?
No. This is not the symptom of being greedy. But your nature of finding a reason for going back into gambling may lead to gambling addictions. Later these addictions induce your emotions like being aggressive or over tensed or too greedy kind of effects.
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Future projects of bitcoin will be the block size by increasing it because the number of transaction will be increased maybe exponentially in the near future if big shops implement it.
The alternative solution for block size increase is on the way of getting ready to implement. May some people claim is as third party intervention needed, security measures also will be implemented accordingly. So, bitcoin will be ready to handle to any rapid raise in transactions volume as the result of main stream adoption.
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We need more number of bitcoins in slow progress. That's the reason Satoshi designed bitcoin as controlled supply over time. When all the 21M bitcoins will be mined out, there will be a demand for bitcoin like 1000 more times of bitcoin is required. This will help bitcoin value appreciations. Further more, satoshi or bits type of usage will solve the demand in greater ways.
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Those people who keep on saying bitcoin is already dead were probably people that used to sell all their at a lower rate before and probably they were butthurt and full of regrets right now seeing bitcoin having a good price I said that cuz if ever that will happen to me, I will also say bitcoin is dead Most likely this. They don't want people to make profit because they have no coins to benefit from the price rise as well. It's not too late for these people to buy. They can still jump on the Bitcoin train. There is plenty of room for great profits! You are right. We are still in early adopting of bitcoin. So, buying a bitcoin now will be definitely will make you millionaire in near future. Those who do not want to invest into bitcoin may claim bitcoin is dead. But, we can realize ourselves by holding bitcoin and how actively alive bitcoin is.
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With my dicing game, I prefer to go slow rather being aggressive by betting bigger amounts. Slow and steady wins the dicing game also. Otherwise I will be thrown out of gambling in my way of automated dicing. For automated dicing, smaller betting is pretty enough.
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A demo account or a video games are not actually meant for the gambling thrills. For the entertainment we can enjoy from gambling, no other things can substitute it. A gambler really throws out some money in gambling by expecting some entertainment. If we get some profit as a by-product, he can repeat the same process for free tomorrow also. Otherwise, only the entertainment is the benefit.
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I won 6 btc then lost it but I'm gonna try and get some of it back
You will definitely will get back some of them or all 6 BTCs also. But the catch is after getting back, I believe you will not stop gambling and you go for another cycle of winning->loosing->recovering. This is the common scenario of many gambler's life cycle.
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2009-2012. Early adopters 2013-present. Late adopters.
2009-2012. Very early adopter. 2013-2015. Early adopter. 2016-2020. Reasonably early adopter. 2021-2030. Good moment to step in for institutional entities. 2031-2040. Good moment to sell a good part of your coins, and enjoy your life as multi millionare. I'm glad that I'm into early adoption period. But as per these phase calculations, to become multi millionaire I need to wait till 2031. Bitter truth. But I already knew that bitcoin is not the "become rich in quick" kind of program.
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Benefits: low transaction fees, money is yours (not in a bank) Cons: currently unstable price, time it takes for confirmations.
These unstable price problems will be settled down very soon once we see higher prices of bitcoin with more number of adoptions like main stream. The price fluctuation of gold is not a problem for using it as a medium of exchange, same kind of flexibility for bitcoin prices also on the way.
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Yes because i believe in this few years bitcoin price still can rise,
and also for now i rather investing the bitcoin rather than sell it
and i want to keep some to play at gambling site
Yes, in few years we can expect the biggest ever up surge in bitcoin history. This fact is backed my increased user base and adoption of bitcoin ecosystem. All holding of bitcoin savings must not be spent at once. Better split for target wise, I plan only 10% of of my holding at the price of $000. Another 10% for next target of 10k. Your statement is also backed by exponential growth of bitcoin value appreciations. Holding bitcoin for our life long with different targets must be a wise idea. Because we should not sell our coins when the rest rest of the world hunt for bitcoins. Many people already in regret for selling their coins for pennies.
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Australia is in full control of the match against the Windies now.
GG Windies.
Yes, Australia will 100% win this match and WI already lost two wickets in there second innings just of 35 runs. This is the one of the worst performance from WI batsman. Rain also helped Australian bowlers but WI should have played more responsible cricket but some how they lost 5 quick wickets and now australia take the full control of this match. In this last session of the game WI lost 8 wickets. west indies are now 65/6 and almost the game is won by australia , west indies are showing so much lack in the long format of game, the young players are not able to play a odi and test match , they only like t20 i think the way they are performing in the last series and this first test match, bangladesh is much better comparing, Australia just won this test match by an innings and 212 runs. This was an easy guess for many of us, on yesterday itself. But I thought Australia will not force follow on in day-3 itself. The poor performance of West Indies continues. They must do something to get back into form.
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why casino is always profitable bcoz most people will lose and that is a true Casino's are always profitable even if somebody wins because the way casino plays they will let someone win and the other lose but their are plenty times for the losing part, and casino's tend to let you will at first but will let you lose on the end. Casinos are not afraid of you winning their money but they are more afraid of you not betting with them. When you bet more often, you have a higher chance to lose with the house edge. This is one of the reason why casinos give you freebies to encourage you to return to bet. Yes freebies are to induce the gambling addictions. I do see many people are making good profits in demo accounts and failing in real gambling. Same way when you bet in small amount you will win. When you go with bigger bet amount, no other go other than loss. Long run is just a theoretical, even in short run I faced losses. Yes I'm also one of them facing losses from the first round of first day of gambling. But still I go for gambling with their faucet earning. I just gamble for analyzing the way how gambling works. May be in long run I may find my own way of making profits with gambling.
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I would invest in both. Maybe 60% in gold and 40% in bitcoin.
In my opinion, the total investment in extreme-high risk investments such as Bitcoin should be kept lower than 10% of the overall wealth. You don't know for certain what can happen to Bitcoin in the future. It can go up to $10,000 per coin. And at the same time, it can also go down to $10 per coin. You should be prepared for both the occasions. Yes investing our life's all saving into bitcoin is not at all recommended. Not only into bitcoin, to any investment vehicle also NOT recommended. But splitting your investment budget for bitcoin and for gold must be a wise idea. I do go for bitcoin with larger portion compared to gold.
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I think the last few months are evidence enough that btc is not ready to die yet.
Yes, of course. Bitcoin prices a bouncing back to make the rumour spreading people understand how stronger bitcoin ecosystem is. I believe bitcoin prices were heading towards new higher levels above $1200. Then, there will be no point on any arguments against bitcoin ecosystem.
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now im holding only small btc and i will sell my bitcoin if bitcoin reach $1000 it's my long goal but we must know some fact (in my opinion) : volume of trading bitcoin can make people interested in bitcoin , in https://www.tradingview.com/ chat about bitcoin is more popular than other currencies Is $1000 a long term goal? As per the OP, you never will be needed to sell your bitcoins. Instead of selling, you will find many spending offers for your bitcoins like one satoshis equivalent to one dollar. Do not ask me when it will happen. It's in our hand. It will happen in very near future if you will not sell your coins, it will happen in 2016 itself also.
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I hope bitcoin will be determined whenever a celebrity/actor starts using it in a movie, then everybody would want to own and use Bitcoins
Just a celebrity's acting will have no effects on the determination of bitcoin's future. It may help to spread bitcoin to new users as it's a kind of advertising. Bitcoin's future would be same like Paypal or Western Union's success. By replacing them, bitcoin will rule the sector of money transferring.
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