Depending on country but some countries are thinking that it will destroy there own economy what is of course not good.
Yes I agree with you. Some countries wich not support bitcoin is not really hate bitcoin. The country is not prevent their people to use bitcoin as currency in their region. The people still can use bitcoin without government supervision and responsiblity. I think those countries is just scare about changes, it is normal. I think they will accept bitcoin in the future. So we only need until the time is come. yes actually the users of bitcoin are not so much in these countries, actually bitcoin is still not so much introduce in these areas, i think they still need a good introduction of bitcoin so that people may start using it. Its not supported by some other countries because government has no proper regulations of it and they cannot get taxes. People must learn using bitcoin so that implementation will be possible for those countries to adopt the uses of this kind of currency which is a crypto currency.This must me legalize so that economy could move towards bitcoin to its currency exchange as well as bitcoin price changes. |
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The reason of most of the gamblers think that they are lucky enough
This is nonsense, no one thìnks that he is lucky enough to win. Actually it is your curiousity to test your luck or either your greed that wants to win more and apart from that I dont really see how you could be thinking that you are lucky today and might win anything from the house, that is just nonsense things to think about People want to win again and again and keep coming back, its all about the money and the greediness... and for every time they go back with a lost and again they urge to win and return their money back, but over all they remain in lost and it make them addicted, That's why you should not have to think to take back the money you had lost, it will not work, which happens to be the opposite, you will continue to lose money, little by little until they run out. Then you try to do anything to get back to gamble, and happens again, you lose your money again and again. It continues as an endless loop. And the times that one of the features people who are already addicted to gambling. Gambling is so addicting if you won in a sports betting game with a big amount of bitcoin and for the next time you want the same luck to happen again and you always expected to win. The more you lose in the game of chance is the more you will be addicted to it because in your mind you wanted to cope up with those times you lose investments and you are hoping for another chance but chances of losing is always there rather than winning. |
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I think Bitcoin debit cards are a cool idea but quite impractical. Unless you get paid in BTC you have a bank account anyway so you might as well get a debit card linked to that instead. Otherwise you're just paying unnecessary fees by going from FIAT to BTC and to FIAT again...
Thats a good idea on bitcoin about debit card and its really cool. But right now in my country btc debit card is not yet applicable but if you have big amount of btc in your online wallet then you convert it to fiat with certain charges yet you can in cash it and use a fiat debit card.as well. In future of bitcoin specially those who patronizes it with the most numbers of users its not impossible that bitcoin debit card will become a reality in our country in next few years and most importantly legit users will fill out a legit registration in order to avoid scammers to take over unacceptable acts. |
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It's enjoyable when gambling instead of trading. In trading you will wait for the value to come up or come down when the price is right, or with some others, with the green light. In gambling, it's fun. I do gambling for entertainment purposes not just profit. If I manage to win profit, it's fun and luck has come to me, if it hasn't it's okay. Just enjoy yourself.
For me i would choose gambling if i want fun, but if i choose profit i will choose crypto trading because each of them has advantages as they have purpose for our lives as we choose them with our own desires. Crypto trading is having profitable income while gambling you only have profit if you won but if not you will lose your investments and gaves you emotional stress out of fun. |
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Bitcoin is going nowhere but up. In the past few days we have seen increadsbke growth as more and more people climb on board the bitcoin train and with all the support it has been getting lately I am not surprised. I too feel very optimistic about the future of bitcoin.
Bitcoin will be dominating to its price its more like a lion that roar, which i mean its price roar with its value becoming even more higher and higher every week price changes and this is the result of higher demand. Economy in btc is good for the past months and i would rather say the future is better for btc and people were now adopting it and more will be educated of it because of its profitable value. In the next 24 hours price is like a wave in the sea that bounces high and changes its position which is the btc price is having nice track record. |
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Its really hard to keep your bitcoin. Its up to the owner how they manage the risk. Theres a hole for every wallet. If you use paper wallet. It could lost or burn. If you use online wallets. Its prone from phishing, you cant access your private keys and it has third party. Offline wallets. You need a clean pc and good antivirus. But if your pc is broken, you lost your btc. See. Even if you have a good wallet if the owner is careless, its not effective.
I guess the only safe is cold storage.
There is no problem with keeping you bitcoin as long as your pc is protected with good anti virus as well. For me offline wallet is useless if you have a problematic pc unit and i can only suggest that you must keep it to your online wallet and make sure you choose the safest wallet online and remember always not to share your peraonal infos to avoid your account to be hacked. With my experience i cash-out my btc from my online wallet to the trusted bank of my country which is their affiliate and saved that through my savings account as converted fiat currency. If ever i will invest another btc i must cash in again to online wallet in order to be converted to bitcoin again and so on i can invest at profit gaining sites which earns btc. |
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Selling everything can be good, but it also depends on the point if you think you will make more profit in the future, I would not do it.
I even think because of the halving the bitcoin will go to a much higher amount, after the halving has been done they people will sell of course and than its the point to sell them on the best moment to make a lot of profit.
Selling everything would only be a good thing if the investment was completely compromised. Most of the time, there are chances that the investment can recover its value. I think the percentage of assets to be sold should depend on the chances that this investment has to recover. That is true. For the bitcoin, it is better to buy and hold. Youre right,buy and buy and hold it for years,its a wrong idea if your sell you bitcoin today. Cause some already said that bitcoin could hit up 2000$ this year. Buy now sell later. Dont forget patience is a virtue You must not sell everything, all you need is hold it for several months and sell some btc if price will rise again. Hold the remaining btc just in case if bitcoin price goes down you have back-up btc which you hold for future btc price rising because if you sell everything it may cause drop of bitcoim price this is because everyone sells and buying decreases. Thats the law o supply and demand if demand rises supply lessens its capability to supply the needs which is a part of demand. |
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I believe bitcoin will become a currency in the future given the increasingly sophisticated technologies, I think it is an advantage to invest from now the thing that makes me believe is the increasingly sophisticated technology will fit into the financial sector, but for the loss I think it all depends on the individual each how to keep their wallets from hacker attacks
Yeah it will soon, but both risk and benefit still a part of this bitcoin investments as we grow with our technology bounded digital currency. If we invest with bitcoin like we are in altcoin tradings of crypto there is always a struggle of deciding in the right time where you will be selling or buying your btc as trading is more challenging way of investments although there's risk at all. Fear of investment lossing is prone specially you're lack of knowledge in trading skills which is primarily the key to successful and profitable investments. |
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No doubts fiat will dominate for the coming 10-20 years (specially the big 4) but after that perhaps bitcoin , ALTs beside the other online payments gateway as well as paypal , moneybookers ,okpay .. etc will be the only type of payment available to use due to many reason safety and security be the first . time will tell .
Nope i don't think that this happen on that year fiat will never dominate paypal will never use or partnet with bitcoin because bitcoin is digital currency and paypal is company so theres an big chance that paypal will never accept bitcoin. I have different opinion, I really sure that people will leave fiat soon, becouse use fiat is not profitable. Fiat value is always decrease. So people have to leave fiat then choose bitcoin and gold becouse both are such as safe haven stuff. I didn't believe fiat anymore. People is not going to leave fiat anytime soon, western fiat that is... but if we look at China, Venezuela, Argentina, India, and all those countries... they are screwed up beyond belief, so they are going to look for ways to move their wealth out of those money eating hellholes. The hyperinflation will guarantee that those 4 countries alone push the price to 5 figures, and that isn't considering the future situation where western fiat currencies fail too, or as physical cash gets moved, bitcoin shines to never imagined highs. yes that is right to say and the reason is that still not more than 2 percent people of the world are not ye using bitcoin therefore most of the people are still using fiat currency. Yes of course i still believe in fiat because its the declared fiat by our government and without fiat currency we could not convert and cash out our bitcoin stored in our online wallet. Fiat currency is very important in bitcoin transaction because once you've cash out in fiat you can use fiat currency to pay for those goods which mostly requires fiat specially in buying foods at the fast food chains. |
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There is no tax in India on Bitcoin but we pay service tax when we convert fiat money to Bitcoin and Bitcoin to fiat. We hate this extra charge on Bitcoin. Maybe Bitcoin can be taxed in other way too in future. Maybe Government will ban Bitcoin in future if Govt faces any kind of problem with Bitcoin.
There is no tax in my country right now because bitcoin has no bank in my country for crypto currency but government collected taxes through online wallet website which has an options of bitcoin to fiat currency convertion and for cash out transactions online for only one bank withdrawal. Nowadays only one bank in my place is accepting bitcoin cash out using egivecash option for atm machine withdrawal and the transaction is very fast and convenient. |
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I am wondering how the payout rates are defined in 1xBit.com, are they the same as other sport betting site such as Bovoda, Sportsbetting.com etc? I asked this question a week ago, but did not get any answer...
It is a great site, by the way.
They have odd providers, odds must be uniform with other major sites as well. I don't think they will have a different one, otherwise it's easy to find value for the sports arbitrage bettors. Bitcoin sportsbook now can already compete with the odds of the big sportsbook because some are already transferring to bitcoin online gambling. Yes you're absoluteely right that there were some and will be more who transfer to bitcoin online gambling its because of betting small amouts is accepted specially in btc sportsbook that compete with biggest sportsbook odds. Uniformity of other major sites odds is leading with its higher reputation offering good gambling services and most of players prefer to choose good standing among those sites competing. Good and reliable pay out is here in 1xbit with clear policies to follow in order to redeem the winnings in exact time without any hassle, so player could enjoy the prize or he will bet again. |
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You can get passive earning by investing in shares. Or maybe real estate somwhere at good location where is big demand so the value is rising. Or from valuable watches, jewlery, art, gold. Bitcoin could be also source of passive income if you have invested it somwhere or maybe just by holding it and waiting for price to go up.
No not agree with you these source can not be source of passive income, these source can be investment source but can's be passive income source. Getting a real job or a business income e.g. regular income from a shop can be passive income. I can see you two have two opposite opinions over there, and I'm afraid I can't agree with you. A job or a shop usually brings to you an ordinary life, nothing special. Investing in shares, real estate, gold,... are common ways to get rich, and works for lots of people. I personally believe in bitcoin too. "Getting a Real Job" itself means you are working for you to earn money. Having a real job is not a passive income rather it is a main source of income. Let us not confuse ourselves with simple terms. A passive income is a source of income in which it generates revenue without your everyday work. Passive income such as interest or bond payments are good source of passive income. I do not think so. It is all about the money. If you have the money, you can access to many sources of passive income. Most of my Bitcoin-related friends set up the mining pool whenever they have the enough capital. Bitcoin mining is not as profitable as it used to but you can choose to mine other cryptos which is more profitable such as Etherium or monero. They will absolutely give you the passive income It is true that a real job is not considered as a passive source of income because you have to worked for it, but let’s be honest the best way to earn money is to do something for it, trading and gambling may earn you but they have risks. Mining bitcoin might be considered as a passive income, but it requires a lot of initial and running capital for hardware set up in order to make a good profit. I agree with that, but passive income is very hard to achieve so we are doing where everyone starts which is having an active income. Passive income will always be our dream and we hope to achieve that one day. It is all about the money. If you have money, you can easily access to many sources of passive income. Many of my Bitcoin-related said that they would buy some Antminer whenever they have enough money. Bitcoin mining is not as profitable as it used to but you can still mine other crytos such as Monero and Etherium. They are quite suitable right now and they absolutely give us the passive income which you are dreaming about ya it is true that altcoin mining is very much profitable even new coin also if you mine and when they hit exchange you can earn in short time, other then that you can watch in altcoin announcement section where you can get free coins for social media bounty . so their are so many passive income, only thing is you have to be active to grab them In trading its also passive income like you earn btc from sig campaigns and yet you don't spend your btc so you do trading of altcoins and gains good profit that's passive income. Earning good profit from another source of good investments would be better for passive income because you are not depending only one income at a time and important is how you are going to manage your bitcoin account balance. |
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i don't think that we can help them, they have to decide on their own
Yes you are right but we can help them by explaining them what are the uses of bitcoins there are many local businesses dont know about bitcoins so we can help them by our suggestions it's up to them if they are really convinced for your suggestions. Absolutely right we really can help them actually through our explainations but its really hard to teach them if no proof at all right? So to begin explaining them the btc reality we must have our visual aids like presentation of bitcoin history and until at present days btc influences a lot of people who are brilliant with their visions. We must have records of activities we did online and include it in our presentation files to be having complete, brief and trusted information and of course the sincerety of what you will be explaining to those local businesses owners. |
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I don't see any. Maybe at the beginning needed some time and attention to learn in which way is used but for the rest none. Even the fact that is digital money is overcome from being used through the debit cards. So is the same like the other money. As for the fact that is not used widely this maybe come from the fact that is not official money.
Yeah I have the same thinking with you. I do not see any important disadvantage of bitcoin. Although the transaction time is litle bit long, but the transaction is world widely. Bitcoin transaction still faster than bank transfer that costly and difficult for transferring money in different bank. I agree! Though we could really say that now a days the transactions requires time unlike before an hour or 2 before yyou received it but all in all it is faster than other transactions. But sooner or later they could fix that. All in all i dont see any problems or disadvantage of bitcoin eversince. but i think we cannot consider it as an disadvantage, i think it is a problem and that can be solved. i don't seen any disadvantage in bitcoin. it is alright and nothing is wrong there in bitcoin. Confirmation times is not really a big problem on bitcoin and i think it cant really be solved since bitcoins adoption is increasing and expected transaction would increase too on which makes the more blocks the more time it would confirm unless you are paying high fees on each transactions.The thing i could see about disadvantage on bitcoin is its anonymity which give some positive and the same time it does have negative too. Maybe we have to get used to it, but it's not the biggest disadvantage of bitcoin as you can still have a faster transaction when you chooses to make a big fees. The network is busy now due to the increasing adoption and people loves to transact when the price is increasing. For me the biggest advantages of bitcoin is for those who doesn't knew about it because opportunity missed them a lot if they still don't knew how important bitcoin is for our lives. And if talking advantages for us who already knew this i think there were only minimal of it due to its fastest transaction online and easy to convert to fiat currency of online wallet. That disadvantages will be lessen because more will be adopting btc soon as demand keeps rising of bitcoin economy which many user buy bitcoin for good purposes. |
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No, there is no person that is making fun when he is losing.
Exactly this and I keep wondering why everyone said to have fun even when you lose. I could have fun when I lose once or few times however to keep on losing and waste my money is just another thing, I should be well off just stop gamble if I cant win anything at all because there is no more point for that Some of those who are saying that they are for fun in gambling might be lying, and some are saying they are after the fun, just to post something. Personally, I won't go to gambling site just to have fun. I am there for the profit. I really can't convince my self that I should be there just to have fun since I got all the fun in real life, outside, bonding and playing with friends and family, and if I purposely wants to waste my money, it should be to them and not to gambling just to have fun. I got fun in winning and I admit that however to gamble for fun without winning anyhing is just so wrird that I cant cover it up. First of all when you lose something , you will not have a pleasant feelings no matter what you lose either it is a small amount or a big amount so if you want to lose money and have fun at the same time, gambling is definitely not the thing for that My reasons in gambling is actually for profit of course and i want to double my existing fiat money or bitcoin so far but there is a certain situation that i liked the most and it is the fun that you experienced, actually when gambling situation might gave you big chances of winning big profit at a moment you did gambling. Both fun and profit is the reason behind gambling and much more important is you won in the gambling game that you are betting. |
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I believe it's the future. Crypto is better than fiat in every way imaginable, except that the world understands, trusts, and uses fiat. Once that scale starts tipping and bitcoin is easier to understand, people start building trust, and it becomes more widely adopted, there will be a total of zero reasons the world will continue to use fiat over crypto. The only difficulty in that happening will be corporations and governments that will be unable - by definition (which is the scary part) - to adopt it. That's when a revolution comes in to play, and the world changes forever.
We are always believing that bitcoin will be the future of money but there are some who are against with it are saying that it is not. But base on what I can see with everything now bitcoin really has what it takes to be one of the future money or the government will create a the same type of currency but it is just centralized. Those who are against it either 1. don't understand it or 2. are threatened by it. Anyone that doesn't understand it can learn, and anyone that is threatened by it either once again doesn't understand it or is most likely corrupt. Yes bitcoin really a future of money because it can be used in many options and its more advantage than fiat currency in terms of convenience and i believe it will be possible if our government would allow digital currency to be an optional money that doesn't replaced fiat at all. The vision i see is bitcoin future money is through internet transaction with exchange for fiat so that economy woul ran an income from it and that woul be great for the better world. |
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I consider trading as a professional activity. It requires analysis, research and others knowledges. Gambling you just require luck. But yes, maybe there is a thin line between then. It depends on how you do trading.
yes that is a face, trading is really a professional activity while gambling can not be consider as professional activity, because gambling is banned in so many countries and is consider as illegal activity in so many religions. In fact I never heard from some that his profession is gambling, gambling is a short cut activity for making money but the risk factor is always there, because it totally depending on your luck and your experience and your skill cannot help you too much in gambling for considering as a profession by giving consistent income generating opportunities. For me i would not consider that trading is gambling and as we review most trading sites is literally talking about trading not gambling right? But if we look closely its more like gambling because your investments involves risk at all and without proper knowledge in trading or in sports betting in gambling you may lose what you have invested. |
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The way is see a "crypto bank" is actually like an exchange... a centralised hub to do things in relation with the centralised system (direct debit, debit card, etc.) based on the most beautiful decentralised system / currency ;-)
Bitcoin debit cards already exist (load/unload in bitcoin and withdraw at ATM machine) , just follow my signature you will get 25% discount on your btc debit card) Right about the credential.. but believe I've tried many banks, sending them as much credential as you like as soon as you say the word "BITCOIN" they shut the door on you ;-) Thats not right to shut the door for us, because the opportunity for us is there already all we have to do is to explain to those banks the assurance that bitcoin has, for me converting bitcoin to fiat currency is the right option to do before saving your crypto currency to bank. In my country only one bank do have an optional crypto converted withdrawal transaction through cash out and hopefully in the future years they will fully adopt bitcoin as cryto bank option of deposits to make more convenience for us users who spend this kind of currency. |
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No I do not have any bitcoin Debit card as there is no any ATM for bitcoin in my country, but i heard on this bitcoin forum that some countries use bitcoin debt card and few sites allows that ,I hope it will reach sooner to our country as the users of bitcoin are increasing faster in my country and the government is also in its favor.
yes i heard it too that in some countries receive bitcoin debt card, maybe in 2017 we can see there are store online and store offline will be accepting bitcoin and bitcoin debit card so we can buy product. for now, i am enjoy to receive and send bitcoin without using bitcoin debit card. It would be a great news that btc can be used for debit card more convenience is awaiting for the shoppers online and just like on my online wallet convertion to fiat currency is an option and its possible to be link with a debit card account to link to payments online. Hopefully this 2017 it will be more developed and more progressive on bitcoin.transaction and adoption of bitcoin using can be more applicable by most countries. |
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If any currency wants to go into circulation
Bitcoin is already in circulation, so it looks like this is something we don't need to be conserned about. it should take this fact into account,
It is taken into account. It's called the law of supply and demand. If bitcoins are permanently "lost", then there will be less bitcoins available to spend. This will increase the value of the remaining bitcoins since they are more rare (in shorter supply). We can just keep splitting up the bitcoins that aren't lost into smaller pieces so that less bitcoins can buy more stuff. since they may lose part of the coins indefinitely.
They will. They have. And that's okay. The bitcoin system is designed to be able to work just fine with less bitcoins. Theres a lot bitcoins lost specially those mined by miners, but if demand is getting higher its value becomes higher also and those miners sells their mined btc. When users over spend their btc thats the time we can say bitcoin a lost coins but if they hold it and do alt coin tradings their coins will be circulated online for all purposes that may gain good profit. |
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