The main issue I see in those threads here is people totally addicted, investing a lot of money, chasing their losses, increasing their stakes after a loss.
The danger is the addiction, not the odds.
My opinion anyway.
someone who cannot control emotions when gambling if they can double their stakes after suffering a loss, but in fact this is certainly often done by everyone when gambling, the reason may be to try luck to return the capital that has been spent and hope to benefit My thinking is that there is more at play than danger when games are being played. Exoectation, hope, excitement, adrenaline, comradeship, desperation and fear are all emotions which can affect the player. |
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In most under-developed countries, where there are few employment opportunities, people tend to try gambling to change their faith. That's one reason why gambling is increasing all over the world.
I don't think gambling is popular in under developed county. When people have money they can try options but when they don't have much to live then their options are limited. I guess westerners are the targeted customers for gambling industry. Yeah, they don't want to use the money for just gamble because they must buy their needs. Although the gambling itself is not popular in the under-develop country, I think some people still playing gambling because they believe that they can earn money with fast. People will play in the hidden place, and they will play the traditional gambling only because this is what they did. Generally, rich people are the ones that gambles a lot. Some poor people gamble too but with limited volume and are mostly betting with their friends and locals. Some countries like Singapore imposed high entrance fees on their local citizens when entering casinos. No, I don't think so because rich people want to increase their wealth by investing in many places. But some of them like to gambles and spend their money for fun only. So both rich people and poor people like to gamble and risk their money to get more money. Whoa, if in Singapore imposed high entrance fees, then the poor people can only gamble in the dark area which is free without paying any fee. I cannot understand the notion that only rich people can gamble. Yes they are capable because of their money but right now I see more middle class person as well digging into gambling maybe to have some fun with friends or just as pastime or just wanted to win big. I think Singapore has a very strict law in terms of gambling just like in my country, but boy there are a lot of illegal gambling dens around here as well. I think its wrong to say there is only one type of person who is gambling. Gambling is advertised everywhere and advertised heavily in soccer in the U.K for instance. People in the middle class gamble for sure as well as people from poorer classes. It offers a chance for a potentially small stake to make big gains. |
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Never say never!
Although i can only see two reasons why or how bitcoin would end, no
internet and no interest.
Obviously if there is no internet we cannot function
I'm glad you said that because I'd like to inform you that the Bitcoin blockchain is being broadcasted from space via satellite. And it has coverage for the whole world except Antartica and Greenland. if people stop
using bitcoin well that could prompt an end but that is highly unlikely,
bitcoin promises too much.
There will always be those of us who dont fully want to conform to a
traditional currency and banking system, bitcoin offers an alternative
and will continue
If a bird trapped in a cage its whole life discover that they could get out of the cage, would they not do it? Not everyone can see or wants to see the benefits of bitcoin, a lot of people are happy to "trust" banks and believe their perceived "caring" outlook for their customers. Others are happy with their lot and are not willing to open the cage and fly away. RE: internet, yes I forgot about Blockstream. So yes internet is not needed for bitcoin transactions. |
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Just wondering if anyone is using Revolut to purchase and use their crypto? > https://www.revolut.com/exchange-cryptocurrencyMy understanding is Revolut issue cards and if they allow crypto exchanges it means account holders can exchange crypto for FIAT and buy goods. While its not an ideal scenario it is an option if funds are needed urgently. |
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No good, dodgy to say the least if this report is correct. Personally Im dissapointed in ETC, I really thought they had a bright future with lots of development going on, lets see where this story goes. One thing for sure this highlights the threat of a 51% attack. Crypto exchange Coinbase has halted all ethereum classic transactions, withdrawals and deposits due to a series of blockchain history reorganizations on the network.
Ethereum classic saw more than 100 blocks “reorganized” during a 51 percent attack late Sunday, according to at least two different block explorers – Bitfly (Etherchain) and Blockscout. Coinbase said in its blog post that it detected some 88,500 ETC being double-spent (totaling some $460,000).
https://www-coindesk-com.cdn.ampproject.org/c/s/www.coindesk.com/coinbase-suspends-ethereum-classic-after-blockchain-history-rewrites?amp |
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Its impossible to tell what way the alt market is going to go. Its safe to
say though that all the reputable coins will be tracking Bitcoin.
When it goes up the alts will follow, likewise when it slumps.
Personally I only believe in a handfull of coins and its fair to say these
will certainly track Bitcoin.
They being Ethereum, Litecoin, Monero, Dash and Zcash. The newer
coins born from ICO's in my opinion are uncertain.
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Maximalists have done the least to propel its adoption.
Whether you are maximalist or whatever you want to call yourself it does not matter, the market will decide. Unless you are giving away free bitcoins to non-maximalis, shut up and enjoy your money.
I think thats harsh, what are you basing this on? and who do you think has done the most? I am not a maximalist but I dont go around with bitcoin bumper stickers on my car preaching how great BTC is. If everyone regardless of their position does just a little it will be enough. Just like the busker at the train station, if every passer gave him/her 1c they woukd be rich in a very short time. |
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Never say never!
Although i can only see two reasons why or how bitcoin would end, no
internet and no interest.
Obviously if there is no internet we cannot function and if people stop
using bitcoin well that could prompt an end but that is highly unlikely,
bitcoin promises too much.
There will always be those of us who dont fully want to conform to a
traditional currency and banking system, bitcoin offers an alternative
and will continue
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I think gold will always hold a certain appeal to a certain demographic.
There are also plenty of people who have not forgotten Gold and as
or when the bext financial crash comes, Gold will be in demand.
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User: aoluain
Postion to Apply: Sr. Member
Posts Start: 2168
Address: bitcoin: 1CeywUx1Rvx7fQTwmbf82d4gKzfkjJmYGk
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Great site, 6 very useful tools, well done.
I could see myself using the check balance, sign message and best fee.
I just viewed this on my smartphone and it loads correctly. Will you be
adding verify signed message for segwit addresses soon?
small donation made via "On-chain Bitcoin Donation" Enjoy the Coffee!
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The only reason why people buy bitcoin, is to make money. I believe in the tech, its the future blah blah blah. Your here to make "sick" gains, most will not have the stomach for it. How many investors bought 100 btc for $100 and sold them at $20,000 each, practically none.
Say bitcoin reaches $1 million and you invested now at $3800. You honestly think you wont sell when it hits $50,000 or any other figure that will improve your life significantly. Nobody knows if, when or how it will happen.
Don't waste your life waiting for a win, you will end up going crazy. Invest yeah sure, check it once a week / month on progress and just let it be man. For all we know, it could be outlawed and crash to $0 tomorrow.
Nobody knows how the future is going to go and bitcoin can be life saver in future if the global economies crash. If they dont and bitcoin goes to 1M well yes there will be a lot of people cashing out but there will be people buying into it still in 5, 10, 20 or even 40 years, its all relative and different people have different reasons for being here. |
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I wouldnt presume to know or expect anything of what will happen in 2019.
The markets are reactionary, they will react to any sort of event and there
will be many events throughout the year.
We could have a very static year as many have "predicted"
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author=Huntler1993 link=topic=4593707.msg41458456#msg41458456 date=1530652736]
I foresee it coming, it keeps on ringing in my ears with series of flashbacks. It will happen like a speed of light in a vacuum. Most bitcoin holders will betray bitcoin one day, they will see no value in bitcoin again, they will dump bitcoin and call it all sort of name, with all these i know there will be holders who will follow bitcoin till death apart. They will hold on no matter how tough things will be for our mother coin.My question is which side will you be?. LONG LIVE CRYPTO, LONG LIVE BITCOIN.
I'm sure that the absolute majority of investors will give up Bitcoin if it completely loses its value. I see nothing wrong with that. We are all here in order to benefit from crypto currencies (of course, many of us are delighted with technology, but this delight is with technology, not with specific coins). If something more valuable and convenient than Bitcoin appears, the majority will begin to use and accumulate a new coin.
No need to overestimate the role of Bitcoin in our lives. This is just a step on the path to the development of crypto currencies, so it is impossible to attribute the word "betrayal" to people who are currently using Bitcoin, but in the future, if Bitcoin loses its value, they will start using another currency.
Of course, its human nature but it wouldnt happen as quick as the OP suggests "like the speed of light in a vacuum". If it is to happen it would be gradual, not everyone will see or believe the end is near. Look at 2018 and where the markets are now, some have sold out believing the end is here but how wrong they are. |
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Max is wrong. The countries that are using SWIFT at the moment, would never shift to a payment network that are not controlled by a centralized authority. When something goes wrong, countries want to hold a centralized authority, accountable for their loss and they want full control over that payment network.
They will simply "upgrade" the old outdated SWIFT system, to be more effective and Banking groups like R3 with the help of Mike Hearn are already targeting that application with the payment network that they are developing.
I agree with the point of the centralised authority. I cannot see any country using a decentralised currency as their reserve. Surely they would want control over their finances, so every country will have their own centralised crypto. |
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There are advantages and disadvantages to all wallets and some wallets
are better for certain tasks, for example online wallets are better for trading.
Personally I prefer Hardware wallets because I dont trade and I feel its best
for long term holding as are paper wallets so my coins can stay in my hardware wallet.
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My Brother sent this thread from REDDIT > https://www.reddit.com/r/Bitcoin/comments/abznev/judge_bitcoin_by_yearly_lows_not_all_time_highs/ It is obvious that too many people focus on the ATH values of Bitcoin but from the thread above we really should be focusing on the lows of each year, this indicates the amount of people who value Bitcoin more than FIAT. As long as this happens it is obvious Bitcoin will grow. What I am taking from it is that IF the bitcoin value falls below last years low of $3200 it wont be by much [using 2015/2015 as an example] . . . Last chance saloon coming up to buy cheap bitcoin. |
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The fed raising the rate is just a means of them generating higher revenue and support they government, but the bitcoin market will still fine a way of recovering and raising in price at every situations. The feds laws will affect bitcoin market no daught but with time bitcoin is going to get over it.
Bitcoin is a big market, this is not just a company where it can easy be affected in any changes the government will product. Sure, it would impact the economy but this things may just be temporary only, and we have two people in crypto, those who are using the tech and those who are investing. Investors are those who understands that they need to only invest a funds not allocated to basic needs. And bitcoin is a global currency, it is not solely used un the U.S although i think sometimss people forget that. The movements of the Federal Reserve of America mean little to bitcoiners in Europe, Asia, Africa or Australia. |
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