If the goverments of every countrt know that bitcoin is using for illegal drugs. They will ban bitcoin in their country. Don't ever do that.
People who find potential in Bitcoin will not do such things. But people who don't care and who are addicted to drugs will not deal with Bitcoin but with other currency also they will buy the drugs. Well generally, people will find ways to fill their need for drugs be it using bitcoins or fiat currencies. But 99% of the time people use fiat currencies to do shady activities anyway. I don't think the use of bitcoins are ruled by illicit purchases like drugs and other illegal items. Bitcoins are evolving and it has been more centered into developing great solutions for payments. |
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Hello, I've been dealing on bitcointalk for almost a year, spent hundreds of hours here and did deals for tens of thousands USD worth of amazon balance. I see the same things over and over - new users don't check trust scan (even if it's clearly red lol), belive in fake vouches, don't use escrow or even know what that is. Scammers are creating multiple threads, multi accounts for fake vouches (look at this guy) or self moderating them. Hundereds or thousands of dollars are getting stolen every day from good people who just want to earn some money and do a honest business. I think it's all about lack of internet awarness, people are vulnerable for attacks and deceptions with thieves getting more and more creative. It's not new users fault really, they are unexperienced and expect forums to be the safe place. Getting scammed multiple times when you want to do honest business and make it grow does not really get you go back to this place for more deals. The marketplace has over 6 million posts, really worth it to make it safer. It's pretty hard to change human behaviour and spread the awarness with so many new users. Why won't we take care of scammers for good instead? Or at least the most notorious ones? Clearing the marketplace and banning all the scammers would make it much safer for the new users. I suggest mods getting to work and users helping them - I noticed many good people fight for the truth to protect naive members. Definietly hiring more moderators to help or giving trusted users some new permissions, at least to lock scammers PM system untill forum staff take care of him for good. I hope you think the same, it's finally time to do some clean up. It's been the problem for too long, good people can't lose money every day because we lack action to protect them and make them want to stay for more growth. I think the solution is not to really ban scammers, but more of create an educational tour of the forum. By that I mean is to mandatory require all newly registered users to take a course to familiarize themselves with the features and some tips on not getting scammed here on the forum. Banning scammers is useless, they can just create new accounts and the results will just be the same. |
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So I am estimating the upcoming fork will result in a high valued coin b2x. Even more interesting for us bitcoinholders! (futures at around 1300$) But how will be the chances this new coin can overtake the orginal chain and coin in terms of value ? Any ideas?
There is possibility too that it won't fork, so there would only be one bitcoin. There is nothing certain yet, though if it happens, I don't think it would replace bitcoins as it is. This will just be another altcoin like bitcoin cash, and bitcoin gold. Both of which tried to topple bitcoins but miserably failed. Look at BTG, it's just trading at 0.03btc each and will likely stay there or even go lower. |
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I think this is totally inevitable, it will happen because there is really no way bitcoins will only be valued at this level. I do believe that McAFee's prediction is going to be true. $500,000 is looking like something plausible at this point. If it does reach that level then we're looking at 10 trillion as its marketcap. It'll be glorious to see that in the future, as of now, I'm hopeful this is the future.
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The article is misleading. I am from this country and I study law, the fact that OP declared something false here is misleading people into believing the statement. The true meaning of these news is that BSP (central bank of the Philippines), is only recognizing Bitcoin Exchanges as an entity. They are only dealing with buying and selling cryptos for fiat. They are not the government agency that will be able to declare that bitcoins would be a currency that can be used for actual payments. BSP only regulates flow of money, which means it can only deal in AML policies, anti-terrorist funding polices and monetary policies for the state.
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This is excerpt from CNBC interview with Ronnie Moas, founder and director of Standpoint Research
BTC
He said he expects the price of bitcoin to jump to $50,000, possibly within a decade and the market value could cross a trillion dollars.
"You have a supply-demand equation here that is mindboggling to me," Moas said. Bitcoin has a limited supply of 21 million tokens, which is expected to be reached only in the next century.
But Bitcoin's growing popularity and acceptance among users to carry out financial transactions could mean a wider adoption in the future — and greater demand for the cryptocurrency. According to Moas, in a few years, there could be about "200 million people around the world trying to get their hands on a few million bitcoin." That, he said, would drive the price to $50,000 per token.
I too believe this, it is totally possible to do, since prices are pretty much already going to that level. It's just needs to multiple by about ten times before it reaches $50,000. Remember that prices started with $800 by the start of the year, and prices have not stopped ever since that time. Imagine it would happen every year, even half of how much it raised from totally beat the $50,000 prediction by a century. |
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Market Prediction shows BTC will cross 7000 boundaries by April 2018.
That's possible, but I really think within this year we'll hit $7,000 even before the end of the year. This will likely happen before year's end. But I guess it will still take time which might be after the possible fork. Which is another threat to bitcoins, by the way. I am not so sure how will it affect bitcoin prices after a possible fork happens. But likely it will increase, since we've already hit an all time high of more than $6,200 anyway. |
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Probably, unless the rich also does buy bitcoins then the balance will never be toppled. Though since a lot of the early adopters aren't really billionaires then likely the balance may be disturbed. I do believe though that someday bitcoins will be the new currency of the world, if not then likely bitcoins would be the basis of the new currency that the world will adopt.
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In my opinion, bitcoin gambling is not a type of investments because it is created to gambled your money. We are not sure this will help us to make profits because in the first place gambling is just a hobbies or addiction to someone that is really fond in playing. This would be great if you lots of money to be waste for so basically this applies only to rich people or by someone who got some luck in their hands.
I consider gambling is a projected short-term income, a profit I get for trading investments or other projects, I agree with you because increasing the capital of deposits on gambling accounts will only cause losses because the 70% factor in gambling is luck. I don’t agree with your ratio. I must say there is nothing like a source of income in gambling but I am totally astonished why people are getting into it so keenly to make long term profits. And there is not 70% luck, no, I must say it is all about luck, even more than hundred percent. Your skill doesn’t work here, your companion don’t matter, and your investment risk don’t even matter. I agree with your statement here. In gambling, it is indeed all about luck. Though since it is just a concept we made up to explain someone hitting the right numbers statistically. The fact is, the system of any gambling game cannot be influenced just by pure skill. Some games like poker and sports betting would involve some level of skill but it will always still come back to getting lucky on your bet. |
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from my personal experience i would suggest if you lose money in gambling then you should take a break and learn from your mistakes, better your strategies and do come back . and with bitcoin gambling we have many options like if you lose in one site then try your luck on others .
ps: once you recover back your money try not to gamble anymore because personally i felt its a watse of time for the guys like me who dont have much to gamble .
It is not even about learning from your mistakes. Gambling does not have any strategy that can help you win and you are always just at the mercy of luck and the house edge and tables can turn against you anytime. It is pure luck, and you cannot make mistake in anyway except you are betting huge which obviously increases your chance of losing more. Once you lose in gambling, accept your fate and move on. If you want to come back, know that the same fate still awaits you and if you are willing to continue, good for you otherwise, just stop and find something else to do. Indeed, statistically, it is impossible to profit from gambling in the long run. The more games you play that more it would lead to the true conclusion, which is that you will lose. House edge also dictates that the house will win over the players if the house and the players play an infinite number of games. Strategies only make it worse, it just speeds up the process of things. Since it repeats a set number of actions, it makes the betting process a lot faster, hence it makes it faster to reach infinity. At the end of infinity,the gamblers will never win over the house. |
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Hi guys,
I have a serious question about the process of randomization in card shuffling in online poker.
Is there any solution for it to make it 100% transparent and verifiable and simple at the same time as well? Please share any innovative idea if you have any.
There should be. It's just a matter of code, and likely any creative developer would be able to make one. There are so much possibilities in coding anyway, so I think it is 100% possible. The thing is that I don't think anyone would want to fund it. Online poker doesn't really pay well for owners, since it cost a lot to operate vs the profit margins they get on the games. |
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They are legit it was just that once off win of that 500btc that screwed them. Swissdice or whoever it is should have said it us not betcoin. Neither did though. Look they don't purposely rip you off and they didn't think very much before running that one promo that is while since then they have been doing well and not having troubles either their promo. We all make mistakes but betcoin should have chosen to hold swissdice accountable.
If you want a site to give a go and see he you like it pleased try Yolodice you won't be disopointed and if you see please tell me why and we will fix it!! This is the car Yolodice takes to keep it's players!
I would say that even if they didn't intend to scam at the time, they should have done something to deal with the problem. Instead they choose the easier route for them so they ended up being called a scam. I would say that since there are quite a lot better alternatives to betcoin anyway, just move out of it. I would play else were like fortune jack, which never had any such issues with their players. |
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Any tricks available in gambling to won the bet?
No there aren't any if you are talking about games that cannot be influenced like dice, slots, roulette, craps, etc. Those games are fixed in the sense that once the dice rolls, there is nothing a gambler can do about it. Probably what you are looking for is strategies for games that it is possible to minimize risk, like poker and sports betting. In those games you could apply some "tricks" that would improve you chances of winning. |
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This has been a long time coming. This should have been here for a long time. A board that would review provably fair system must be implemented since I also believe that 99% of all players do not even know how this works. Hence, they are ignorant of the fact that it should be like this. I also see a lot of casino sites that say they are provably fair and they place that logo on their site, but they don't even have a way to verify their bets.
This will be a great change to the crypto gambling scene!
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Currently my faucet strategy is base bet 500 sats x2 on win. My goal is to hit 18 greens which will be worth 1.35 BTC. My problem is that its already been 2 months of doing it and im always maxing out my 30 faucets but im still not hitting it. Do guys think that it is possible for it to generate 18 straight greens? Maybe some of you already experience this hope you can shed some light.
It is possible, but the chances of getting it would be incredible small. Lets do some math over here. 18 straight wins will mean that you will have to bet 18 times and win at a rate of 49.5% chance (this is assuming you are playing on a 1% house edge casino). That means you have to do 0.495^18 = 0.00000318341736393008275% chance you will get 18 straight wins in a row. That is the reason why you have been trying for 2 months and have not won it. |
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Do you gamble for fun or for profit?
I gamble for fun and have some profit also. Having fun because I meet weird people in a gambling site and they make me laugh. Of course when you gamble all of us wants to have income in a quick way thats the main reason why we gamble I don't think anyone would not want to win. Of course even if you initially planned to gamble for fun, during play you would like to win and make something out of your bets. It would be stupid to think that anyone gambling just want their money gone. That would be stupid for anyone to want their money gone just like that. Then that only means everybody who gambles want to get profit, though those people that play for fun does not think about it and make it rule their lives. |
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Always bet % based on your bankroll.
This way, you can calculate the total bankroll you need to run the desired bets or the bets you can make with your current bankroll.
First off, what a stupid reply. You did not even try to understand the question of OP. He is asking if how much would be required to run his own casino. That means he is asking the opposite side of things. The question involves answering whether what's an optimal amount of btc to start a bankroll of his own. To answer this, likely you need about 100 BTC, since usually casinos base their highest bet size from the bank roll. Usually casinos set 1-5% of the bank roll as max bet. It would be best if you can get a max of 1btc per win. |
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Hmm interesting, I think it's somehow a good idea since it would be a lot more interactive and fast paced compared to it being just a forum thread. Problem is, its just pretty hard to back read on most telegram groups I've been to and I usually just unsubscribe in the end since I think it is annoying to get so much notifications from the group. Probably it would be better to just find your own group of people and not really just thousands of people in one group chat.
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It's like a gambler's paradise there. About 33 casinos squeezed into a small island.
Macau is an island that is really considered to be something that has an allure to people who love gambling. Gambling has really been a sport or game that has been a headache to some government but there is people who have found solace in Macau where the tegulations are much more lighter. Macau is just one big huge ground for gambling activities and honestly, it is a fun place most gamblers love to visit. I really wonder how the people there cope from being addicted to gambling. Even if you do not have allure for gambling, staying in that kind of place for a while will definitely push you to want to try it out. That is like the Las vegas of Asia. From one who came from there a few times, I agree! The place is full of huge casinos. Like there is nothing else but casinos. This is really one proof that casinos don't die, and they will continue to spread and get bigger. This is totally the best place to go for a gambler. Though I would say it is a nice place for families as well. It has so much activities to do for families like plays, shows, and other fun activities. |
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Fishy though, if someone is winning consistently in a site, then there should be an investigation on how that guy is winning so much. There might be a problem with one of the games and that guy was able to exploit the bug. However, if it is all legit, we can't do anything about it. I would say that usually there is that guy that wins a lot but he gets greedy and he losses everything in the end.
I don't think the problem is someone winning too much at the site. This was done through an ICO and the investment is in BitDice tokens listed on the HitBTC Exchange. It's probably related more to the timing of buying them and bounty hunters selling the price down. It doesn't matter if we are winning because there is a bug or there is none, if there is a bug existed then it is not our fault, it is theirs, besides we couldn't know that there is a bug just because we are winning in gambling, it is not enough sign for someone to know such situation, also the gambling site will find it out in no time because they could see it on their history, for example if someone is winning a lots of money in their site in a row without any single lose. I don't think it is a problem if someone wins a lot and it is like you said when you win a lot like that it is best to stop or at least take half then continue with the other half. If it happens again you just lucky. If you continue you will lose. Some people are clever enough to know when they have won enough for their needs and they stop. Others can't stop and carry on untill they lose. Investigating when players win seems very underhanded. Well this has been the usual mistake of gamblers, when gamblers win a few rounds and profited something small, they already think they are invincible and they continue to try their luck and in the end they lose it all without them even realizing it. I guess the best decision really is to withdraw the money once you made a few profit or your target profit, rather than just betting more and more and just losing the money. |
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