Is gambling OK? Don't bet it! There's not an easy or instantly obvious proof text answer to that question.
It depends upon the person who gambles. Just a simple situation, if you used to gamble just for fun and entertainment it is not a sin but if you are gambling in order to gain profit and the outcome was you're always losing your money that leads to you to be a broken man who do are so addicted to it that you can do bad thungs just for you to play it. It is probably a sin. As stated it purely depends on the user involved into gambling. If he understands his situation and affordability and play accordingly then there is nothing to be a sin. When he gamble beyond limits as well gives consideration as an earning source than just for fun or entertainment makes it more addictive and this gets termed as sin. |
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why so many people store their bitcoin in their wallet for a long time, whether the benefits will they get?
Come share your thoughts
If we have a lot of bitcoin it would be safer for us to keep it in the save wallet, This thing we do for our bitcoin is protected from hackers that can harm our bitcoin. But if we want to get more bitcoin, then we can invest it, of course this is risky, but sometimes we have to take the risk to get a larger bitcoin. It really depends on the need of a person, if a person wants to just keep their bitcoin for long term then having a secure wallet like hardware wallet or paper wallet is enough to secure your bitcoin or other cryptocurrency that you like to be safe. Investing bitcoin is a must for us bitcoin users because we can grow our bitcoin into a higher amount of bitcoin which will help us to attain bigger amount of money in the future. As stated if it's a long term holding then there is no need of a panic around. Just as mentioned using a hardware wallet provides added security for our bitcoin holding. In reality even from the highly secured exchange websites bitcoins were stolen, so we need to be careful to keep it safe. Only then the profit is ours in the future. |
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Years back itself the new era in the currency has come to use, but it took little time to be popular. Now it has gained more and more support as a currency similar to the real currency though it has got only the virtual presence. After the card system, something to make an evolution in the currency system as well in a form of technology it has grown high.
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Bitcoin for a long time is able to grow very well and provide a person. Many in this way have already become millionaires.
in fact i am also in favour of long term investment. in long term investment there are less chances to lose your money, and specally for those people who do not have experience in short term investment. I will respect what you believe, but IMO long term and short term investment is the same because they are both risky and it always depend on a certain investor on who he will be able to manage that risk to minimize to result a maximum profit. Since all kinds of investment are risky and bitcoin is too risky, diversification of our investment is very important, we must have investment in real world while having online investment, that way we can assure continuity when some investment is not doing well or will fail. Agreed, a diversified investment portfolio will help us overcome unexpected situation, as the entire network is decentralized as well unpredictable in reality. I don't think with short term investment people have big risk because even if it's getting distracted it won't happen very shortly. We can make use of it. But looking the growth from the start this has given the assurance that investing into it will surely benefitting. |
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It is really up to the person who is playing if he or she use his or her profit. But I do not urge on using the profit because that's my win. If I lose those I will go home without any money. But what I'm doing is if I already won I will go home. So winning something that exceeds my first money is equal to my house haha.
I always prefer to play with the winning amount. Here I have certain regulations that if won I used to save half the amount in a separate wallet that's used for saving from gambling. With the remaining half I used to play. It gives the stubborn mind to predict more precise as the failure won't affect me, as I have a small winning already. |
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The current monetary system failed there is no distribution according to the current era out there and that is due to the greed of banks and other companies so crypto changes that.
Monetary system never goes fail. But there may be some issue or it goes down. While people are investing in bitcoin and altcoins so now a days crypto currencies are willing by banks. Banks want that government allow the crypto currencies in banks. So there monetary system will be also better and crypto will be also in a benefits. I think the government will not approve the request of the bank. Because cryptocurrency is digital, decentralized and anonymous. There may be many bank misuses that would harm a country. So I do not think the government will do that. When Countries are legalizing the bitcoin usage what's more than that required for banks to get approved for the usage of bitcoin. Already there are financial services functional on the bitcoin platform. So I don't find any complications with government disapproving the bitcoin usage. |
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For exemple, I go to a coffee shop, I buy a coffee, then I pay with Bitcoin, we have to wait for a confirmation, no? or the merchant will just trust me if I show my wallet?
How can we be sure that it's not a double spent transaction or something else?
They wont need that if they really know bitcoin. It is not like Paypal that you could take it back. Once a transaction is in process it is good to go. If only I got that business I would offer a bitcoin payment. And as long you paid the right price it is good to go. I dont even need your information because nothing bad would happen. Hm? glerand, you said as if there were not any "Double spend" happened. If real shops do accept Bitcoin without any confirmation, some people will use that to do bad things. I think there should be some rules about Bitcoin fees, some minimum fees should be asked to make sure the payments will arrive. Not possible, even at this point where the fees have gotten lowered somewhat, the truth is the fee you need to pay for a fast confirmation is simply too high, it could be possible the fee results to be higher than whatever you are trying to buy in the first place. As the price has increased, along with that the adoption has increased and similarly the transaction fee too increased. This becomes a big issue when more transactions get stuck on the network. So as complications increase, developers will be in search of a solution and takes a short time to rectify. Now the same is happening, the recent decrease in the transaction fee is a part of it. |
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the percentile that can answer yes to this will always statistically be less than the ones who can answer no to it.
Agreed and in my case it's a yes. Gambling with bitcoin gave me the opportunity to make me better, but the scenario around me made go worse. I didn't used it in the right way, but spend a part into gambling once again and lost. And with the remaining used to cash out and spend on unnecessary needs. Now I feel, if I could have just kept in my wallet now it could have grown big. The reason is that I got big wins when the price was around $750. |
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A good as well a bad news altogether coming from south Korea. The plans of legalizing bitcoin usage is quite appreciable, but at the same time around 880000$ worth of bitcoin being stolen from an south Korean exchange simply a bad news and this makes panic among common people regarding the security of using bitcoin.
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I even do not think if gambling can make profitable in long term, because as far as i know who gamblers which addiction in gambling and always got loses, they just want to try to recover they lose, but I think only a few gamblers.
You are correct in that information mate. Most gamblers who are addicted only have their minds poisoned by the advertisements of the casino and they no longer think before betting bigger and bigger amounts. If not making bigger bets they obviously chase their losses and try to win it back. Even if they do win it back their greed draws them back and they lose money again and the cycle continues. Yes, its a cyclic process and very few get out of it and the rest travels in the dilemma to retain the loss which happened earlier. In my opinion this is not the right way to get back the loss. Learn more about gambling and slowly participate with smaller amounts. The experience will help you retain the loss, but takes time. Only the luckiest gets the loss retained in a short time. |
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That's hard to happen once again. The bitcoin doesn't have along time history like gold and other valuable asset. It grew high in a very short period and importantly it grew from the scratch of being a free giveaway and now reached a peak value that none other currency hasn't achieved. Going back to $1 is not gonna happen, if it has got possibility during the past crashes this could have taken place.
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One thing which will always help you in your life is the knowledge. Try to gain as much as knowledge possible and than develop the skills which will make you the best in that field of your interest. Than nothing can stop you. Diversify the skills as and when require so that you are always up the mark in this fats world.
That's the true fact. Knowledge is the base for everything happening in our life. Without this we're all simply blank. Once you have knowledge you feel yourself confident and the same will drive you towards the field in which you're passionate about and making money seems simple and you feel life good. |
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How and why would the end of bitcoin (and any other cryptocurrency) occur? Value decrease? Legality issues? Different technology/ideas to supersede it?
Bitcoin would end up only, if all users will be gone away or disappear in this industry, and that will happen only if the features of bitcoin will no longer be implement and not function properly which might cause of the community be get disappointed unto it. which will lead the value goes down into zero. If the user is lost then it is likely to disappear in the industry today, and if bitcoin is not productive then bitcoin will die and its users will also feel disappointed if the bitcoin price will be zero value. Such situation never arise. Bitcoin is always productive and this is growing just because the emerging competence is very high. In my view this never gonna die, because as people mentioned it happens only when the usage becomes nil. As it began it will continue if people stop using it. As a gambling token.it will be used and this causes it to have certain value. So death of bitcoin is not the one that we need to discuss. What we need to discuss is all about the growth. |
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I think that Pacquiao was robbed at that fight, it is clearly seen at that fight that Pacquiao's cause of blood is because of the headbutt and the elbow came from Horn. And Horn's blood came from Pacquiao's clear punches. And I love that fight but I still can't believe until now that Pacquiao really lose that fight. According to the statistics Pacquiao really wins on that fight. Search for it and see how and why Horn lose that fight.
That's a big disappointment for the entire fans that Pacquiao lost to Horn. There are several outbursts that the match has got so many flaws. Rumours are getting spread that a rematch between the two will happen this year, but enthusiasts say that such a possibility is quite low. Let's wait and see what gonna take place then. |
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Hi,
A see a lot topic of "bitcoin doubler script for sale/website". Is it scam? I can't imagine how it works.
Can someone explain it for me?
Thanks,
So you have seen a developers offer it's not actually the doubler site itself that attracts you to invest big amount for bigger return. It's like the program itself or the software which is selling. But to be fair, put it to your mind that doublers are just HYIP's they have only one aim for their investors, to scam. Explained in a simple statement, what the concern authority of those doubler HYIP's require is just to scam or cheat the users and make profit out of the same. Here if you go across any of such schemes you'll never find an identity of a person or some data regarding the same. It's good to avoid such schemes and focus on legit investment or earning services even if the profit is low. |
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http://finance.yahoo.com/news/9-ways-kids-smarter-money-100050132.htmlThis article doesn't talk about bitcoin but it got me thinking how to get kinds interested in bitcoin within the context of appropriate money management lessons. Think of we could teach kinds about it. The growth, the adoption, the inflation and retraction. The allure of the "internet money". ...what other ideas come to mind? Lol! I don't want to teach my kids about bitcoin. Like I dont want them to be more focus on internet. I want them to play outside. Have dirt in their hands. Play until get exhausted. Do some physical activities. Men just like the old days when technology didn't take our childhood. Woah I feel nostalgic.  Kids are suppose to have fun and explore the world, it's very complicated here in bitcoin and not good for children. You need to have a strong mind in order to survive in this world of cryptocurrency. I plan to teach my kids when he is ready and maybe the right age will be at least 18 years old. I agree with you, little children should not be burdened about money / Bitcoin. And let it grow with its own world. The world of children. That's right, children need to be given the freedom to learn and do what makes them happy. The days of childhood never comes back, if the time is missed then it's missed forever. At particular age very few gets intereat towards technology. So out of curiosity if they ask then it's our responsibility to teach them, until that they should not be disturbed. |
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They really have the power to control Bitcoin, even traders that are involved in other assets can influence such price. Much more for a currency that is decentralized the whales which are the biggest profit takers during a price action will benefit it all. Traders can actually influence the price in both ways from up and down, they can pressure the market in buying higher prices and they can make sellers sell Bitcoin at lower prices.
As an user stated in the past this has been taking place that the traders with higher bitcoin holding moves the market. Now such scenario is no more effective. These days the traders have certain impact on the price moves. Most of the time exchanges were the one who has got majority control these days. Importantly this too came to light when the Chinese exchnages made fake volumes to manipulate the value. |
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You should not use an outdated version of Electrum. You will have problems sending and fee estimates will be too low. Newest is 2.8.3 at Electrum.org. Electrum explains how to use two computers (one always offline) for cold storage here. Almost no one bothers with this setup anymore since hardware wallets are more secure and inexpensive. Get a hardware wallet. I agree with you you that electrum is quite unique and best fit for offline storage, it has variable transactions fees just like blockchain.info and very secured especially if you have the latest version always running. I will recommend it any day. I too suggest electrum wallet usage to be the secure way of holding your bitcoin. Specifically when you plan to hold the bitcoins offline. This has the good features as well has got the ease of importing the bitcoins. Other than this generating paper wallet and keeping it secure is the best way to save bitcoins. |
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For me the best way to increase my bitcoins is by trading altcoins and sometimes going for gambling and I don't find any other good methods where I can increase my bitcoins in quick time and I have more faith in trading to multiply my coins in compare to gambling.
That goes for many of us dude. Though gambling can be a quicker way to increase btc, we may end up empty handed mist of the time snd the risk is not worth it if you're serious with your investments and increasing your btcs Several users does this mistake. During the early days they feel that it's that simple to win in gambling and make them rich. With lots of hope start spending and in a short stay empty handed. Few realize the mistake and learns the alternate ways available to multiply such as holding for long term, investment, lending, and through trading with good capital. |
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Tomorrow we have 2 exciting matches one is women's world cup match b/w India Women vs Pakistan Women. This is high expectation match. But India won 1st 2 games, and Pakistan lost her 2 games they are in the bottom of the list. Let's see how they will play against India. My pick India.
Another game 2nd ODI b/w ZIW vs SL. 1st match ZIW gave the unexpected result I think in this match also they will win.
India should win atleast in the women's world cup against Pakistan. Their team is not doing so well compared to the Indian team and plus they had low scoring matches. The betting on this match also would be high due to the rivalry but now hope the teams don't perform under pressure. I thought Indian batting is strong and will try to make a high score to defend but looks like Pakistan women's team is similar to men's team, bowling pretty well. Hopefully India will win this. That's a very low score. Pakistan has made a good bowling spell and stopped the Indian women from scoring good. I think this is the match of Pakistan, because it is an.easy chaseable score, only if India gets some early wicket the match might go as a fighting, else the match will go one sided same as that happened with champions trophy final. |
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