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501  Bitcoin / Bitcoin Discussion / Re: What Is Bitcoin? on: October 18, 2017, 01:50:44 PM
Decentralized truth ledger.
For me what is Bitcoin? I think Bitcoin is internet money that comes from online transaction of  severals investors. The one thing that I really known about Bitcoin it is first digital currency in the world.  It is also a virtual money.
It is first virtual currency or not i don't know but when this bitcoin arrived many people are learned about virtual currency. Bitcoin is one type of future asset if we invest now definitely it will give us good profit in future. And Bitcoin is fast transferring money with low fee. We can transfer a big worth of bitcoins without paying any big fee. So overall it is worth to use it.
502  Economy / Gambling discussion / Re: Cricket match prediction discussions on: October 18, 2017, 01:44:52 PM
South Africa made 353 in 2nd ODI and that's a huge target for Bangladesh.Divilliers played a great innings,he made 176 in just 104 balls.Bangladesh is in big trouble as they already lost their top batsman Tamim.I am.sure that south africa will win this match and lead the series by 2-0.

On the other hand,Sri Lanka made a good opening partnership, they are 102-2 untill now, and I wish they will seal the match.
After a long time AB de Villiers back his form it was an excellent batting and good time pass. but he missed double ton that is bad luck anyway they are in safe side I this match the target is very high. So SA will win this match easily. Now Bangladesh 105/2.
503  Bitcoin / Bitcoin Discussion / Re: Possible End of Bitcoin on: October 18, 2017, 01:38:34 PM
I don't think bitcoin is going to end soon. It is on they way to rise and go global now. Yes, some difficult problems must be solved with governments, taxes and safety, but everyday more and more people are getting into cryptocurrency. New technologies, which based on they crypto market will be upcoming every year. So I don't see an end right now.
Maybe an other Coin with a perfect technology will be the end of Bitcoin, even so, we are still in cryptocurrency.
I think no other coin will replace Bitcoin and also the bitcoin will not die. If the bitcoin wants to die means lot of things should happen and all people hate this bitcoin then only it is possible. But now every day the bitcoin users are increased a lot, so it is not possible.
504  Bitcoin / Bitcoin Discussion / Re: Is Bitcoin a currency or asset? on: October 18, 2017, 01:28:53 PM
I think both are true, because the currency can be used for transactions and buy whatever we want, while the assets because it can be calculated in value, I will make bitcoin as a future asset.

I also consider bitcoin as a currency because it can be used to buy something like family necessities, but if the country has already inaugurated bitcoin. other than that bitcoin is just a digital currency that has no physical. bitcoin is also a currency that has a lot of assets.

Bitcoin is currency and also one type of asset. If you keep it for a long time, then it will become an asset, and when you need money if you convert it into fiat, then it will be a currency. So i will treat bitcoin in both ways currency and asset.
505  Economy / Gambling discussion / Re: Should I try to win back my loss? on: October 18, 2017, 01:15:50 PM
I have around 500 000 bets placed on FJ
It was a matter of time when this would happen ( placed a lot of bets on not Martingale, so it already happened a lot of times, just not with Martingale)

I got 16 losses in a row
Starting with bet 0.000001BTC
And last bet was 0.03BTC
Counting a 0.06BTC loss total



Now, my question is, should I try to win it back?

I have a total bank of around 1.6BTC on my disposal

Odds of me losing those 16 bets in a row were 0.00179%
Somewhere around 1 to 60 000

Now, if I place a 0.06BTC there's a 50.5% chance I'll lose
If I lose, I place a 0.12BTC bet,  0.505*0.505= 25.5% chance I'll lose
If I lose, I place a 0.24BTC bet, 0,255025*0,505= 12.88% chance
If I lose, I place a 0.48BTC bet, 0,128787625*0,505= 6.5% chance I'll lose

If I lose, I have a total loss of 0.48+0.24+0.12+0.06 (+0.03) = 0.9BTC (+0.03)

Is it worth it?
Should I cut my losses o.o

Odds of me losing 20 bets in a row should be 1 : 860 000
Which, with me having 500k bets, doesn't sound very good

You got into a series of losses and by some logic you should stop because it's easy to lose even more.But by some law of numbers after you lost 16 times in a row you probably should finally win in next few bets.I think the decision is just for you because money is just yours.If I was in your place I would stop for a while.Since you are in good campaign all you lost will be back to you anyway.I know it's not the same as getting a bet,but let's say it makes sense,at least for me.

If you still decide to bet good luck to you and to get back all the lost Smiley

Yes taking risk is up to you. and as a mate said you are in the good campaign if you lost money also you will get back it in a couple of weeks. So according to me, you can try one more time if you have luck you may win back your losses. If I am in your position, i will try once. 
506  Economy / Gambling discussion / Re: Cricket match prediction discussions on: October 17, 2017, 05:27:04 PM
Tomorrow matches Pakistan vs Sri Lanka 3rd ODI match. I don't know who is going to win this match because both teams performance is same so I will go for live betting.

South Africa vs Bangladesh, 2nd ODI. This is clear SA will win this match. I don't have any doubt. Any predictions on these two games.
507  Economy / Gambling discussion / Re: Why people are sharing tips? on: October 17, 2017, 05:22:31 PM
Some tipsters have links to the betting sites they make profit from that as well as any bets they put on. You don't take one tipsters tip you do your research and consider other tips. There is never a sure thing.
No, they never give proof of their bet. honestly, i've ever bought a tip on one of the tipster site but they just told me to bet on the match that they has been seleted for me, without any clear reason. that's why i always telling to anyone, we better do our own predictions than buying tips.
No one can predict the exact game result. Everyone will give tips just based on there experience and that tips also not 100% sure. They only tell before selling any tips. They are on the safer side, but you will lose your money. So never trust any tipsters put some time and analyse the game and place your bet at least you will be satisfied.
508  Economy / Gambling discussion / Re: Gambling loses and wins on: October 17, 2017, 05:17:19 PM
I already forgot my loses and winnings but I am sure that I am more on lose that win..oh well that's gambling! I learned my lessons and I stayed away in gambling for awhile now.
With the exception of those who win the jackpot, most of the gamblers are mostly on the negative side when their gambling history is completely audited. just like yourself, I only gamble when i have at least an 80% chance of winning.
That is just the truth. However, we overlook this a lot and always utilize the little we have profited forgetting how much we have lost.

If you ask me, there is no way I have seen that gambling can give you at least 80% chances of winning and if that had been happening, so many of the gambling sites today would have gone down, even poker that seems a bit of luck and little calculations still balls down to huge luck. So, it is more like 50:50. Sometimes I even feel the winning chances are lesser.

Except sports betting no other games will give us this type of opportunity to make money in gambling. Suppose if they allow this percentage as you said no one casino would stand for a long time. According to me, there is no 50-50 chance also if we have the luck we will win or else only house will win.
509  Economy / Gambling discussion / Re: losing 50 bitcoins gambling on: October 17, 2017, 05:05:46 PM
put much money on a single bet is not possible done by me, too risky. because when I pick a favorite team sometimes doesn't guarantee to win.
But if I lost that much, maybe I am a little crazy because the price of bitcoin is currently very high.
This is not good idea for any one I sure this person could be over confidence about this and put this huge amount on this one single bet now hope he could in good shape as its not easy to recover from these loses very big amount for me as well I never try with this amount on one single bet

Well i wouldn't say its not easy to recover but it would be almost impossible for a regular person to recover 50 bitcoins or it would take a long time, with much regret, before they can bounce back. So don't be foolish to gamble with that much money
Why throw good money over bad money? In trying to recover the 50 BTC, one shall be needs to play with about same amount again and once  again placing very risky bets.  Ideal thing to do her is to let go, take a break, tomorrow is another chance.
I think playing again gambling to recover that 50 BTC is the worst decision. very rarely you can gain back your lost in gambling so better do some other work to get back your lost then only you can recover your lost or else you will lose some more money in this process.
510  Economy / Gambling discussion / Re: Cricket match prediction discussions on: October 13, 2017, 11:42:05 AM
Pakistan vs Sri Lanka 1st ODI is going on SL won the toss and opted to bowl first. Pakistan is batting and lost 1st wicket very quickly the score is 23/1, 8 overs completed. SL is performing well against Pakistan. I think SL is going to win this match.

India vs AUS. This is a very interesting match today night. Who will win I am not sure, but we all will get ice entertainment today.
511  Economy / Gambling discussion / Re: Slots Strategies? on: October 13, 2017, 11:36:26 AM
I think slot machines doesn't have any strategies or work around in order to get a profit from it. because it based on luck so no matter think you do luck is the only way in order to get profit on slot games. One more thing slot games has a flow of program where the result is random so you all in all luck is the only way to get a lot of profits from that game.
It's really true what you say, I also thinking the slots game does have a game character really random on its game, which's not easy to predict and guessing the images/symbols that will appear in the slots game results in every round. And it's true, on slots game it's just a luck that can be really influential give a winning.
Strategies will just give us one type of satisfaction while playing slot games. But the actual fact is slot games are complete works based on our luck. Without luck, we can not make any money in slot games. We can just analyse the result, but nobody can predict the exact result of our bet.
512  Economy / Gambling discussion / Re: What the games you play as you earn? on: October 13, 2017, 11:33:24 AM
Question1: Best gambling games you ever in countered please do share it here I really want to try games that are fun and the same you earn Bitcoins?

Question2: can I play games by the use of altcoin or just bitcoins?

I was trying Smartroullette.io. That was not a bitcoin-based application. It was an Etherium-based game. But the token used is RLT, the token of Smartroullette.io. But I earlier quit because there was no luck for me there. And my tokens were all gone.
thanks for the info. but is there a football online gambling site that uses etherum-based / bitcoin-based? because so far i am only gamble football online only, and I always use the money, have never gambled using the coins I have.
Bitcoin based online football gambling site we have many, but ETH based only a few sites are there. Now we have the opportunity to play gambling with altcoins in almost all sites. Becasue the price of the bitcoin is so high, so all casinos also started to accept altcoins.
513  Economy / Gambling discussion / Re: Trading vs Gambling on: October 13, 2017, 11:23:58 AM
Both are risky but i go for trading because you can invest for long term to earn and its sure profit but in gambling you need a long process to be expert me i earn in gambling but not big like my earnings in trading so i go for trading but i like also gambling

I agree that you can make really good money with trading cryptocurrencies. This is the current trend among traders and when you are like the professional traders who always honing their trading knowledge and skills, then you are up for a big treat when trading altcoins with bitcoin.

You can earn a lot of money both on trading and gambling however gambling is more risky simply because the probability of loosing money is very high on the other hand trading is more safe than gambling because when you trade you have a plan thay need to execute for you to make good money. I do both but prefer more on trading.

But the thing that gamblers find good in gambling is that they can easily earn money without sending your money to other people. When you trade, you give your money to other people or company for a certain period of time but some of them are scammers that just want you to trust them, so they will just gamble than to trade. But for me, I will choose trading than gambling.
Gambling can give instant money if you win and thats one of the reason why many people are obsessed in playing.
otherwise trading is less risky compared to gambling with proper knowledge you can possibly earn however it takes time so need to be patient to see the outcome of your investment.
Gambling will not give instant money it will eat our money instantly. What people are thinking about gambling it is wrong. In gambling we can make money only when we have luck rest of the time, we will end with the loss. So trading is the best way to make money here our skill set will help to make a profit.
514  Bitcoin / Bitcoin Discussion / Re: BITCOIN AS PAYMENT FOR ONLINE GAMES on: October 11, 2017, 01:53:08 PM
I need your opinion about having bitcoin for payments in online games, it is good or nah?

Using bitcoin as payments for in-game items and upgrades is very useful since many people are capable of technology devices though bitcoin and online games are done by computers.

I thinks its very efficient for me as a gamer and a bitcoin user to have a transaction or payment like that.
Why no ? I use bitcoin for that too especially when btc price is high and i had enough balance it's make me more efficiemt for buy game with btc, with small amount of btc (if btc prices high).


You have a point. when the bitcoins price is high then it is worth to do any investment with bitcoins. We can buy anything with less amount of bitcoins. I agree to bitcoins for online games. But when the bitcoin price is the normal rate that time fiat currency is best.
515  Bitcoin / Bitcoin Discussion / Re: Can Bitcoin make Banks disappear? on: October 11, 2017, 01:47:15 PM
It's imposible i think. Bitcoin can not make Banks dissappear, people around the world using bank. There is many people support bank as secure storage of his money. Many people do not really know about Bitcoin.
Banks want to disappear means before that first all fiat currency should be ban then only banks will not get any work, and it disappears until that banks will work as usual. But bitcoin legalisation decision from our governments will reduce banks revenue that's it. for this reason may be some private banks may close but this will not affect on any government under banks.
516  Economy / Gambling discussion / Re: What is better? To gamble or to invest? on: October 10, 2017, 05:20:29 PM
When you invest your money you did that with some risk,when you gamble you do that with risk for me this two things is equal in both cases you have risk and you choose.
gambling and investment has both advantage and disadvantage,  we know that in gambling is always have a 50/50 chance of winning and lossing we cant guarantee our bet that can win. like on investment that there is only a 30% chance of lossing but the disadvantage is long term outcome of profit or luke slowly but surely.
Gambling is having 50 - 50 chance but most of the time we end with the loss. So investment is best here if we invest our money in the right thing we can make a good profit. and yes we have to wait for a long time to make a good profit on investment. no business will give us immediate profit right so like that investment is also one type of business.
517  Economy / Gambling discussion / Re: Poker v Other casino games online on: October 10, 2017, 05:16:32 PM
i don't really even know how to play poker,  Grin I don't have an idea on playing it, so I choose playing dice because it is easy to play. But I just play and bet with small amounts.  Grin
Well, that is okay if you do not know and it is not a very difficult game. Actually the difficulty level depends upon the opponent but it has no difficult rules or a long list of it. I think, this casino game has the most players and believe me, it is hell of a fun.

You must try it with your friends if not in a casino. You will learn a lot out of it. Dice games are also entertaining because they are not time taking but it is wise to place small bets like you do.

Yes if you don't have knowledge on this game then don't play poker game. Without having proper knowledge if we play this game we will end with a big loss. But this is the profitable game in gambling. Dice game anybody can play, and here we don't need to learn anything to play this game. just pick random numbers and play.
518  Economy / Gambling discussion / Re: Cricket match prediction discussions on: October 10, 2017, 05:04:49 PM
India got all out at 118 runs in their 20 overs game against Australia. This is the worst performance by them considering thier past matches . Oz have come back strongly and seems they will win this match and make the 1-1 score in the 3 match series .

Australia won this game by 8 wickets. It was easy target making 119 runs from 120 balls is not a big task. But Aus lost first 2 wickets very quickly I thought they also struggle to make score, but Moises Henriques and Travis Head handled the situation carefully and made Aus to win this match. Congratulation team Aus.
519  Economy / Gambling discussion / Re: Do you set up limits for yourself? on: October 06, 2017, 02:10:59 PM
Yes, I limit my funds for gambling just to make sure that you I played a small amount of money knowing that if I lose it, it's just a little amount and I can earn it easily. And if in case I win, I will save my profit and play the same amount I always limit to myself.  Smiley

This is what new gamblers should have been taught before they started gambling. But to be honest, this is really never going to be a lesson that the gambling sites would want their gamblers to learn early on. This lesson is learned by the gamblers after they lose their money already from gambling. Casinos will not teach this because it's totally against their principle of letting their gamblers lose as much as they can.

people will not trust others strategies that is why they will learn this kind of lessons after losing money in gambling. we are humans we will not accept anything easily just based on others suggestions. We will accept only after experiencing it by our own. And why the casinos will teach this nobody will be interested in spoiling their business.
520  Economy / Gambling discussion / Re: What keeps you coming back??? on: October 06, 2017, 02:04:42 PM
I do not gamble to much but it always seems that when I do, I take the loss big time.  For example, I have lost over 3 BTC in the BustaBit game online.  It is fun and I like to play but I always get greedy with it.  I have won about 2.2 BTC back, but I lost more than what I have won.  For some odd reason, I keep coming back over and over.  I do not know why I do it, why do you?

That is very simple, that is because you are already obsessed to win a huge amount in gambling and to take back your losses or maybe you are already addicted that you're days is not complete if you will not go to gambling place and thinking that you will win this time more than you lose. You should put in your mind that gambling is not good if you become obsessed in winning because if you will not stop not only your money will going to lose but including your love ones or your family.

The reason same as simple to just get back lost money he is playing gambling again. But this is not a good way to get back your lost money you should try to earn your money with another method of investing or trading. But as a mate said if you addicted to gambling you not only lose your money you may have a chance to lose your family also.
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