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541  Economy / Gambling discussion / Re: Do You Go to Land Based Casinos? on: March 25, 2017, 12:52:28 PM
Do you gamble at land based casinos?
I have never been on a land based casino before but after gambling with bitcoin I realized it could be really fun. I have always seen gambling related movies and they looked fun but I was afraid of losing all Money I have when I went to one.

Now that I know if you play smart you may lose a bit but not ALL your Money or maybe even a slight chance that you may win I want to visit one.
542  Economy / Economics / Re: So easy to make people panic. right? on: March 22, 2017, 12:58:03 PM
Ok so due to BU the size of blocks can be increased which will result in faster transaction confirmation and eventually less price so my question is (correct me if i am wrong) What's stopping some another stupid developer to create another fork in which he increases the supply of bicoin lol and majority of the nodes start accepting that? May be then all the hodlers will be doomed?
This is what every altcoin  dev is doing. The price of one coin is not decided by the dev team nor exchanges. When one developer comes with any modifications on bitcoin's coding then that will be just a new altcoin, nothing more. That will get its prices based on demand from crypto people. You can not have same bitcoin system but with altered parameters.

Your statements will not make bitcoiners panic as these types FUD are classified as rumors and in deep analysis people will make conclusions about the possibilities. Frankly, I laughed on reading your post rather than your expected panic.
543  Economy / Speculation / Re: Time to buy back up! (again) on: March 22, 2017, 12:11:02 PM
This fall in price is an indication that a huge pump is coming soon.Those who buy during now will reap the benefits of their foresightedness.
If you can't buy,atleast don't sell.
But markets do not care about individuals nor group of people as sentiments of traders will not be same all the times but over progress of price movement, all the people including aggressive traders are finding their decisions going in the same directions of market sentiment, hence people will be enforced to take buying decisions over time.

Bitcoin prices are again testing $1100 level after sudden fall in the last week. I guess this current up surge will take bitcoin prices into $1500 levels as long as there will be no negative impacting news.
544  Economy / Gambling discussion / Re: What is your reason to gamble? Fun or profit? on: March 22, 2017, 11:30:35 AM
We lose time if we are not getting what we want, if our aim is profit then we should be profitable in order to be satisfied but that does not be possible all the time as we keep losing although we are so confident that we can win.
When time is money, we need to be careful how we are spending our time. But gamblers will never bother about their valuable time. They do spend all their day just to recover their losses in gambling. Losses are first bad impact after that  spending time for recovering those losses, getting their situation further worst.

Everyone wants to be safe but we like to make profit as well which we do not understand that by allowing your self to gamble you are already taking a bigger risk.
Stay safe and being a gambler cannot be possible for one single person. When one gambler gambles for profits definitely he will not get chances to stay safe. But gamblers who are gambling for fun might get chances to stay safe with their wealth.
545  Economy / Gambling discussion / Re: How to Win using martingale system? on: March 22, 2017, 10:59:59 AM
No system can secure a win. There is only luck. Of coarse the casino doesn't want you to be lucky but it is easily done just people often wonder then play till they lose everything and cry after. That is how the casino uses their strategy to get their lost money back.
Yes, we can be lucky sometime and we can make profits also from gambling. But the actual problem with gamblers is they will not prefer to stop after profits. When they continue, they will lose everything and will find a forced stopping. Similarly martingale also may support gamblers to make profits.

But gamblers need to stop with profits and should not keep on trying till they get exhausted. Technically martingale is a very good one. But when your luck is against you, you may face 25+ continuous  losing streak also.
546  Economy / Gambling discussion / Re: Gambling. Is It Wrong? on: March 22, 2017, 08:55:24 AM
Well, in any way you look at it, the result is what matters most. If you lose, then it's wrong, if you win, then that's better. Unfortunately, winning in gambling is not that easy and things go wrong along the way, with that said, the best thing to do is to just gamble few times and when you win, stop.
At the beginning, no gamblers realize the dangers of gambling that is the reason they do keep on trying to finding profits even they do face losses and most of the time gambler's do first facing losses after that only they do start finding some profits (this may be they do find some tricks only after some experience).

In the struggle of finding profits from gambling, we can see mostly gamblers face loses. Then definitely it will be wrong one for your hard earned money as well as for your happier life style.
547  Economy / Gambling discussion / Re: Planned or impulsive gambling? on: March 22, 2017, 07:52:08 AM
I just gamble whenever I want to and there's no time that I'm going to schedule if I want to gamble.

Mood is a big factor when I gamble, if I'm in the right mood or good mood I will going to gamble but if I feel bad, then I won't.
when you're staying without getting addicted, it will be possible to gamble impulsively.

In initial days gamblers go for gambling only when they are having good mood but over time they are going for gambling to get that good mood. I mean to say they are finding their  refreshment from gambling then they come to a conclusion about gambling like it's the only soothing refreshment for the all types of moods.

No doubts, that conclusion alone will be enough to make a gambler addicted. Till that conclusion, gambler can go as per their wish either planned or impulsive.
Do you think the planned gamblers are addictive ?
I do not think so because after addiction gamblers will not mind about their other responsibilities and they will push their other schedules just for the intention of going for gambling.

Being planned gamblers must be the right way of doing gambling in my opinion because by planning you can be in control with your gambling activities, yes without getting addictions.
Planning for gambling is the right way of gambling, I agree but only till you plan for other things too.
If you are planning only for gambling and if your start neglecting your other responsibilities then there will be no meaning of planning for gambling.

That will slowly make you to move towards impulsive mode of gambling. In my opinion impulsive gambling must be very dangerous, we should avoid that at any cost.
548  Economy / Gambling / Re: BITDICE CASINO - CONGRATULATIONS TO WONTON FOR WINNING 300BTC on: March 21, 2017, 03:33:21 PM
It also depends on what kelly multiplier you are investing at.

Yeah, very true. If you are investing at the max 5x kelly multiplier you will see much more movement than you would with lower kelly multipliers. It goes both ways though and can make investing a bit more risky as you can also lose faster when players are winning.
Yes and higher multiplier means that we will take more risks and actually quite a unique feature which I have never seen before.

I have seen like many sites that accept investments but this is the first one where we have the remote control in our hand. I think rather than gambling we should just invest at a high kelly multiplier, isn't it much better than actually gambling ?
549  Economy / Economics / Re: Why the price of Bitcoin change more than traditional currencies? on: March 21, 2017, 12:29:10 PM
I noticed that the price of Bitcoin change much like all altcoins.
But the price of other traditional currencies like the euro, for example, are stable and do not change much.
It is the government that control their prices?

Of course all those fiats are government regulated currencies with the help of a central bank so they know when to pump and when to dump to bring about the stability of the currency. And because all fiats are centralized currencies, it is easier to stabilize its prices.
The bitcoin’s price changes more compared to fiat currencies it is because it is a perceived store of value compared to the fiat currency.

Bitcoin has properties that makes it similar to gold, it is controlled by a design by the developers of the core technology to limit its production to 21milion BTC, and that the complete opposite of the fiat currency which is managed by the governments who want to maintain low inflation.
550  Bitcoin / Bitcoin Discussion / Re: Would you use a Bitcoin ATM? on: March 21, 2017, 11:21:29 AM
Closest bitcoin ATM where I can go is 300 km far. I didn't have need to go there for years, last time I was there I didn't know about bitcoins. Next time I will try bitcoin ATM, I saw couple times on YouTube how it's easy, and I wish to try that.
Even they have higher fee then some other ways yo purchase bitcoin, I find that ATM's are good thing for people to get some bitcoins easy and anonymous, and without much bothering.

You're lucky u have bitcoin ATM in your country although its 300 KM far away  Smiley We do not have yet this facility in our country . I hope our government also take steps to start a BTC ATM in our country.
Bitcoin ATM are basically internet machines that allows a person to exchange bitcoin to cash, some of them offer both ways, they allow you to buy bitcoin as well as sell them for cash, and that is a really good things to have in some places, but unless there are shops near you that accept bitcoin as a payment method otherwise you really don’t need them because they take a lot of fees and the exchange rate is low compared on what you can get from other exchange sites like local bitcoin.
551  Bitcoin / Bitcoin Discussion / Re: Is bitcoin no longer a decentralized system ? on: March 21, 2017, 10:18:09 AM
So apparently the core developers want to change bitcoin POW, I want to ask that when the majority of the bitcoin community is slowly reaching a consensus on BTU then instead of supporting the consensus why are they hell bent on destroying btc?

Is bitcoin no longer a decentralized system where everyone can decide for themselves and then the majority wins?

Finally, if the majority of the bitcoin miners and bitcoin users seem to favor BTU then why they dont support it?

I dont think this is exactly true. Bitcoin will remain a decentralized system, Any attempt to make it centralized will not be taken as favorable among majority of the bitcoins users.
In the early conceptions of the bitcoin, there was an idea of creating a borderless currency that is based everywhere and nowhere, yet a handful of Chinese companies have taken the majority of the bitcoin network, they have done this through investing in vast farms of computers servers around the whole country, and since bitcoin has become a multibillion dollar industry and the fact that electricity is cheaper in their made bitcoin both a great and a safe way to make profit through investing in mining it, all of this made the Chinese hold the majority of it and made a disturbance to the bitcoin idea of decentralization.
552  Economy / Economics / Re: Bitcoin price is recovering! on: March 21, 2017, 07:22:38 AM
I think it was just occasional minor dump that created panic among some Bitcoin users but I would say this was expected and price has been back on the track very quick.  It was however a good opportunity to buy some more coins before the price started to rise up again. Let's just relax now and keep eye on the market.
Yes, I wonder why people become so much concerned when the price drops a little because it has been observed since many years or say months at least that if the price drops then it surly rises again in sometime.

There was a slow dump in price and people whom I know who stock big amounts became panicked and now finally once the price goes back to 1000$+ they cooled down.
553  Economy / Economics / Re: Why have Bitcoin instead of cash? on: March 20, 2017, 03:48:44 PM
The way I see it, Bitcoin gives us the true freedom of currency. We are not dependent upon any system to use our money. So it basically is and always will be BTCFREEDOMBTC
To be honest, while the freedom is nice it’s also a little nervous sometimes. For what I have in Bitcoin, the only stability it has is that I have to trust that other people also say that one bitcoin is worth a lot of money. If a bunch of those people suddenly stopped trusting BTC and pulled out I’d be dead in the water.

But with USD, the euro, or even investing in a relatively stable stock or index fund I have the comfort that there’s something behind it. Even if I have concerns about the government, they don’t extend so deeply that I’m worried my money will become worthless, and very few other people think that way.

I have to turn some power over to a larger and more controlling organization when I put money into any of those things, but I know that my money is most likely safe.
554  Economy / Economics / Re: Would a global disaster increase or decrease the Bitcoin value ? on: March 20, 2017, 02:25:41 PM
If you are living on a place or community where people are into bitcoins and you are going to be one in the middle of the war/global disaster. Bitcoin's price will be moved depending on many volumes of transactions are happening in your place or if a whale will be affected with it.
I guess a global disaster means one that affects the globe or whole world and hence the area talk you did is pointless.

Basically if a little area or a city is damaged by a disaster then there won't be any effect but if a serene disaster like say world war happens then there for sure would be a crisis of food and shelter, wonder if bitcoins would stop for a certain time because really money won't be the priority that time.
555  Economy / Gambling discussion / Re: What Is Your Worst Moment in Gambling? on: March 20, 2017, 08:20:20 AM
The worst moment of a person who gambles is when you lose you have especially your love ones. It's not the money or material things you have but it's those who loves you or understands you before that have decided to left you.
Does this happen to anyone in real life ?
I do hear many gamblers are finding their girlfriends only in casino. I'm not sure about their intentions but most probably it is already would have been happening with many addicted gambler's life. When one gambler forgets about his commitments and responsibilities, then he will definitely will face the worst losses of his lifetime.

Definitely friends and relatives will not bear an addicted gambler. Losing real relationship must be the worst moment of our life time, we should not take gambling to that level.
556  Economy / Economics / Re: How many Bitcoin do you have saved? on: March 20, 2017, 06:00:05 AM
I only have 0.17 btc now I got from freelancing.
Awesome and when you earn money doing work is even better to save them as you won't feel like spending them.
I also have saved some bitcoins like 0.35 for now and I am not looking to save them for 50 years but at least till the next year because price as we all know price takes a new hike around that time and I would try to make that 0.35 bitcoins to around 1 bitcoins if possible.
557  Economy / Economics / Re: how much do you earn with 25$ investment on: March 19, 2017, 03:43:10 PM
In 2013 January, you would have been able to purchase BTC2.5 with $25
In 2011 January, you would have been able to purchase BTC100 with $25
In 2010 January, you would have been able to purchase BTC2,500 with $25

Imagine the returns, had you invested $25 either in 2010 or 2011.  Grin
Though that sounds hilarious but actually that's the truth we all know yet ignore. The price has gone up only since the arrival of bitcoins to the market and for the obvious reason that more people means more demand and that means higher price.

It makes me feel very stubborn to say but actually right now also holding is the best way to earn money via bitcoins and yeah I am not saying the growth will be like as it was from 2011 to 2013.
558  Economy / Gambling discussion / Re: Most of the money on: March 19, 2017, 12:57:49 PM
I once played slots because i'm high af and to my surprise, from 0.04 I managed to win 1.5 btc without me doing anything, just clicking on that shitty thing over and over again. But right now I'm focused on sports gambling because of the incoming big events in eSports and NBA of course.

I do not think we can win at slot games. It depends too much on your luck, it carries a random rate, and the number you choose carries a very small percentage. It is hard for you to win, I can assert that you are extremely lucky to be able to win it. I think we should get involved in sports betting or other casino games, it depends more on our abilities, and if you are a good player, you will definitely win, not need more lucky.
I have played dice, plinko, roullette and even live dealers game but the best one has been sport betting. I have made most of the money or my biggest wins to date have come with sports betting. Ironically the biggest edge is also on sports betting but anyways overall I am in loss with sports betting also, just that I have won a lot too.
559  Economy / Economics / Re: The dream of getting rich with bitcoins on: March 19, 2017, 11:49:09 AM
Getting rich with bitcoins is hard but not impossible and if you are dreaming to get rich with it then you also need huge capital to make an investment as if investment is higher then profits will also be higher and I believe its not possible to get rich with it if you are earning it in limited ways.
And actually saving is the best thing one can do if nothing else. Like just collecting bitcoins and putting them in a safe wallet and then forgetting about it totally for 1-2 years maybe the price once again make you rich, though chances are less.

Signature earnings like I am doing, you are doing and almost all of us are doing are an awesome way to earn bitcoins and just keep saving them. You don't get rich in a day or week, just keep working and leave the rest to the almighty.
560  Economy / Economics / Re: Mining fees will eventually kill bitcoin on: March 19, 2017, 08:28:55 AM
I don't think the fees will kill bitcoin even in the real world specifically banking sector where mirage of fees is being charged even sometimes enormous, people still use the banks and most times the fees are low compared to the importance of is to be achieved. Aside that, the bank will provide alternative means of reducing the fees and that's exactly what will happen to bitcoin later where other means of reducing the fees will be implemented for everyone use.
We all can agree on the fact that the bitcoin attracted most of us because it was a simple easy fast way of sending money, but with it becoming more popular and the price rising with every day it is starting to take a long time to send it, we used to be able to send bitcoin without fees and we will receive it immediately, but right now with more transactions to deal with and bitcoin getting harder to mine there will be now surprise that we will see the transaction fees also increasing. Miners demand for it.

There is a discussion about using altcoins for small transactions (and bitcoins for just investments) to reduce the network traffic. I am not sure about higher mining fees will not come down or not and persisting at higher level will kill bitcoins, only time may answer.
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