When I am going win big jackpot in gambling I am going to buy new gadgets as well as iphone or android smartphone because my phone right now is really old and very lag whenever I'm playing games on it. And I want it to make as handy computer so that is going to be the stuff that I am going to buy whenever I win.
The items you mentioned are expensive I would say. If you want to buy those gadgets like iphone, a nice android smart phone or a laptop, you need to win big, to win big your bet should be big as well. If you want to start from a few Satoshis and play whole day, you cant achieve an amount that can buy you those. Also if you can find a site that sell those items and can pay using Bitcoins that would be great, no need to convert to fiat and shoulder the fees. Well if you want to win big, you need to bet big, and as such people should be prepared to lose big, unfortunately that is the reality of gambling. We can't expect on how much we can get depending on what odds/multiplier we are playing, whether the bet is small or big, we expect in the end, we will lose. Yeah, you are right, the more chances in the gambling we face is the loss of our money, so we cannot expect any buying from the earnings of gambling, and if we get any earning then we use them the same as other money. |
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Many gamblers they keep coming back in gambling because many of them lose. And they want to return their lose so they coming back in gambling. Sometime they come back for make profit and others for fun.
beside that, they want to see if their luck will work this time and after they play in some time, then they will realize that their luck is not work for this time, and they guess that if they come back in tomorrow, maybe they can win some games. but once again, their guessing is wrong and they still lose money and more money. That makes them coming back, losing is not acceptable for gamblers because we do gamble mostly for profit so whether we lose or win, we still go in gambling and we will only stop gambling when time will come that we do not have money anymore to be use to as wager. you are right, they always want to catch up with their losses and then they lose even more so more harm is done, it is a really bad thing to be honest But for me only my fun and entertainment catch me back to there, I do not care for my loses n there as I do not invest much higher amount at there, I only invest that amount which I can afford to lose and can afford to spend for entertainment. The matter is simple, those people who come to gamble for entertainment and fun come back to play again only for getting that fun again and again, while those people who want to earn money from there and invest in there come back to earn again and again or come to recover their loses. |
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It is never easy to quit gambling due to human greed, when we win, we just want to win more and more, the only way to stop is only when you bust all your coins.
That's not true, quitting is not that hard...Even if you are greedy, you just need to experience a extreme loss that could make you think or have a second thought on your gambling habit... I just noticed, those who don't have obligation in life are the one's always get addicted to gambling, and sometimes those who has a problem...  I agree, i have few friends addicted in gambling and they have no family of their own yet maybe thats the reason why they dont care even they lose their money its because they still have no family to spend their money with. btw, most of them has good monthly salary as career man. I have friends who even have families and they are gambling very often. I even know one friend who gamble every single day. She will go to illegal gambling den and she has been caught and warned several times by the police. If they caught her in these den again, she may end up in jail but she still dont care. That's quite a problem right there. There is only very little help you can give them, considering the case she's in. And my guess is that even if you want to help her, she may not want to accept your help because she is indeed very addicted to gambling. In my guessing, only time will come and play a role to help most of the addicted gamblers. But, how quick that help will come and save lives is the big real truth here. Always pray for better. She might need to find new hope about life not spend most of her time gambling and a true friend might help her out, however it depends on a case to case basis, having said that she needs to find a new ray of hope or passion, and motivation to stop gambling at all. She should have to keep herself busy in some other activities of life and have to find some way to get entertained and have to find some ways to earn money for her life, these are two stronger things which can stop someone from gambling. |
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In gambling only those people cry, who lend from their friends and relatives and go to gamble with them, or who have got some money from their father for to pay their utility bills and instead they think to double up that amount first with gambling and lose.
You are right, if someone lose someone else money then it really make him/her sry, as he/she should have to return that amount as soon as possible and , providing that amount urgently sometimes become very hard . |
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Many people said the gambling is just a game and another people said it is Investment. How do you think?  The actual definition for gambling is betting your money for catching others money, and it is only the understanding of people about the gambling in their minds that some understand it as just game and some understand it as an investment. |
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Everyone van become rick with gambling and its true but the main problem is keeping the money not getting it.you will win some and you will loose some but only 3-4 out of 1000-3000people get that opportunity and it needs ure luck+good decesion making and a sharp brain and i am not going to risk my money to be that 1 or tw
what you will win some and you will lose some? i think you are wrong with because almost you will lose all than bitcoin.. i think 1 of 10 people are making a profit.. daily.. in gambling so its not a good opportunity if you really want to make a profit better to go in day job. Losing in some and winning in some is not a way to get profit or get any income for life, it is just the wasting of our time, so we can say that no one can be rich with gambling. and we cannot say that a person can get daily profit from gambling as no one can win each and every bet. |
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I was thinking that every bitcoiner wants a world without fiat, only bitcoins. Ok, if there was no fiat whatsoever, then where do you think will bitcoin base its value? Will it be in gold? But how much?
How do we determine the real value measure of bitcoin in an economy that has been very dependent on fiat?
keep in mind that, Fiat is a currency and bitcoin is also a currency. Now I want to ask that how you find the value of your fiat? do you need to find the value of your fiat each time? the answer is no. because fiat is your own currency and you base its value with the goods you buy with them and bitcoin is a new currency and not our local currency and we do not use it for buying in our local market that is why it is hard for us to find its value with the goods we buy so we compare it with our local fiat. |
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For me it is better to save money because if you are going to save a lot of money for sure you are going to have a purpose to invest.
But if you are going to invest money and you don't have savings then that is going to be a problem after all.
Because you don't have back up funds for your investment if ever it is going to fall.
I agree with you but only for those people who have a lesser income, while those people who have a bigger income they should not have to wait any longer and have to invest whenever they get their money, as with investment he will be able to earn more and will be able to increase his income more. |
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If you had to convert all your wealth to either Bitcoin or gold and keep it there for 10 years, which would you choose? Keep in mind the fact that Bitcoin has only been around for 5 years, and could be fundamentally different in any number of ways in 10 years.
Gold have using value added . that mean for long time will more safe than bitcoin. However, in short-time bitcoin value almost like gold. then people with less money can keep bitcoin for 5 or 10 years I don't think that for longer time we will have risk with bitcoin, as with the coming future more and more people are involving in bitcoin and that is the reason for the price to increase more in the future. The more we will have our bitcoins the more will we earn . |
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to be bitcoin will become more popular if its price become more stable, as people will get confidence on bitcoin and they will start using bitcoin in their daily life, people will use bitcoin for sending method merchants will also use bitcoin for trading ans bitcoin will become more and more popular.
You are right with a stable price everyone will rely on it for their money to put them on bitcoin, and they will not afraid that they will lose their money because of the volatility of the price, I think then all of the bigger companies will also adopt bitcoin for their businesses. |
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The main reason for such volatility for me is there arent banks or governement control over bitcoin, something fiat has, when the currencie is loosing or getting too many gains against others they readjust it. Bitcoin for other side has some big farmers holding a lot purchase power, and its in the general the people purchase making bitcoin being soo volatil.
But according to my views the price of bitcoin fluctuate more than other traditional currencies because other currencies has sufficient users, while bitcoin do not have sufficient users and each time the number of its users increases the value of bitcoin increases higher and when the number of its users decreases the value of it also decreases. |
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In a few years bitcoin will be the most popular currency in the world
I think it would sound impossible. in this world there are a lot of currencies of different countries with huge potential. bitcoin currency is small with a few users? I'm not sure a few more years bitcoin will become a global currency. unless someday bitcoin have users who reach the entire human Bitcoin will be used by many people in future but it doesn't make it as an global currency as the usage of bitcoin is limited and most of the population is not aware about bitcoin yet. I think that might happen? no one can predict correctly in the future. people have said that it is impossible bitcoin could touch $ 1,000 but bitcoin can do. and now there may be a lot of people who say that it is impossible to become a global currency bitcoin? but we will not know what will happen in the future Both that you have mentioned have happen already, we have reach the price of more than $1,000 few years back and it is not impossible to happen again as we have already achieve that, and about global currency, I believe it is already a global currency as it is already known in the entire world and we are connecting with bitcoin. The $1200 price achieved in late November 2013 does not count. That was a very big bubble and caused two years of bear market. At that time there were much less people in bitcoin, now the span of bitcoin users is increasing with faster speed, and a number of businesses are also going to adopt bitcoin for their payment, so in that condition we can sure that if this time the price of bitcoin reached to that much value then it will not be a just bubble but it will be the effect of mass adoption. |
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Maybe i suggest if you have money and you want to buy a bitcoin do some trading to gain your money and increase it. If you gonna buy 1 btc and wait the bitcoin get high maybe you need to wait when it that happen. But if you gonna trade it in altcoin to wait thar time you can earn big by gathering all you income while waiting the bitcoin get into higher level.
Using Bitcoins you buy to do altcoin trading only adds risks. Especially for people not knowing how to calculate these risks, and what mess the altcoin market really is. It's a gamble. You either hit big, or lose. It's simply not worth it. Exactly, if you are not aware about altcoin market and if you jump into it then its a pure gamble for you as there is no guarantee that you will make profits out of it. In that case I think the better choice is to do trade only with bitcoin and fiat, as bitcoin is a more reliable asset for the trade and everyone know that the price of bitcoin always rise and bitcoin is a stronger and permanent crypto currency so it will not go to die. |
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There is still a good plan to get rich in bitcoin if you are always saving you can be rich in the future. but it takes a long time it needs to spend your bitcoin in useful stuff that you know the amount of your bitcoin can be increase more so that i the price of bitcoin will increase the value you can earn more profit.. and you can start your own business online..
I think saving will not make us rich as if we continued to save then we will have to reduce our expenditures, so a sign of poor people, and suppose a time come that we will have a large pile of money/bitcoin by saving and we start to spend it on each of our luxury then one day it will be finished. The actual mean of becoming rich is to increase our income, so we have to reinvest no matter how much we get to our pocket. |
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i can say bitcoin really have a big part of changing my life, bitcoin helped me on my personal expenses and now i am quite independent in life and managed to have a small business from my bitcoin income
Wow, another story of success, what kind of business did you start with bitcoin? is it crypto related or in fiat only? With that for sure, bitcoin and your business will affect you a lot, some of your rest days will be consumed by that business and bitcoin... I hope you could manage and it won't make your life difficult... I also decided to start a business and have collected a bigger amount for that from bitcoin earnings, and in the previous month I was about to start the business with my money which were in LIR, but exact at that time the fud in LIR thread has been started and make me to lose a large amount of my money, but still I am working hard to recover that loss by earning more and sure I will be able to start a business because of the earning from bitcoin. You should have to continue the struggle for your planning and have to continue to earn bitcoin and it is sure that once again you will have some amount to make you able to start your business, just don't give up, as success comes after failures. |
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This will never happen, but in a theoretical scenario just for fun, I would buy at least 10000 out of it to be able to say that I hold 5 figures in my Bitcoin wallet.
lol, and just think when the price of it after buy that amount reach to $1000, you will be millionaire, But I do not want the price to go back direction, no matter how much price is now, I will buy bitcoins as much as possible and will like that the price continue to rise. |
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I may save some to give them later on but nothing grand, my plan is to earn as much as possible everyday, sell the large portion and save around 5-10% from everyday and hold it untill the price jumps
You should have to hold for your grands, it is not bad that you hold your bitcoins till your grands be able to be the part of world economy with that they will love you as you will be the person who have gave them something for making their future. I think we all have to save some good amount of coins for our grands. Yeah, that is right, we should have to save some coins for our new generations, and have to support it more so that our new generation find it amazing with some coins which will be the global currency and will have a higher value. |
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I don't know how you can live off bitcoin alone.For the time being having a bank account is a necessity.
For example,where I work you have to have your paycheck deposited directly into a bank account.
Maybe in the future, employers will offer us to get paid in bitcoin, whether it be the full amount or just a certain percentage, to our discretion.
in fact some company using bitcoin as his salary too, of course the amount of bitcoin is depending about his "real salary and the bitcoin price" , but we still need bank for withdrwa our bitcoin, because today is very hard to found bitcoin ATM. It is true but if everyone start to accept bitcoin and when we will be able to do shopping with bitcoin then I think we do not need to withdraw our money from bank as fiat, we will be satisfied with bitcoin alone. |
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I bought bitcoin when I saw the price movement are on the up trend. I always check the bitcoin price almost every hours. Why? because I want to get some profit from the price movement. Sometimes my predictions was correct and sometimes I had to wait for a longer time till I can sell it again with small profit but I enjoy to do this kind of trading.
You should have to rely on small trades with daily fluctuations, you can see now that the price of bitcoin with each hour go up and down within the range of $570 to $585, so with that you can buy at lower price and can sell at higher price at any exchange, you will not have o wait longer. |
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Cloud mining is perfect in this case at my opinion, also different interesting custom projects or gambling sphere, i am not sure what is better from this too.
Yeah it's very good advice. because the cloud is where the mining investment is pretty legit, but it only last a few moments alone, because cloud mining system uses a system where the ponzi will only run when there are still people who became victims in the cloud mining. So better than the fake investment trading No way to invest into long term ponzi, thats called cloud, usually hyip dont last more then 3 months, clouds are able to run over years, as they reduce the repayment to their users, i have an investment that were going to roi in 6 month since the halving it had reached 1 year, and now if doesnt change will take two years. Yeah, we don't have to trust on ponzi sites claiming for the cloud mining for us, there are a lot of mining sites which do not have their mining equipment and just our money from us and scam us for our money. Try to mine for yourself |
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