its very risky and that makes it so fun  Bitcoin investment is not that risky if you just know when to buy and when to sell. Every investment has risk but there is a possibility for every investor to minimize or get a less risk when investing by doing study about the news and also analyzing the market very well and because of those two there will be just a small chance of getting loss and also you will get a lesser risk than before. While what you say is correct, we need to have a plan, many newbies buy bitcoin without knowing what to expect and at the first sight of problems they sell not knowing that bitcoin is very variable and losing 10% in a day is not much for us, but a newbie gets scared and they lose money that way. The mistakes that we make with bitcoin leads for a loss. For this users misquote it as a risky investment. We cannot deny that investment with bitcoin has got risk but the risk can be overcome and profited based on the knowledge we acquire before starting to use bitcoin. |
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I was always curious about knowing how much gambling sites actually earns and how profitable is it for them considering that some websites such PrimeDice are running for years now and bitcoin price is going up and down since then so how do they manage to keep their reserve filled and make profit in same time ?
Many bitcoin casinos keep information about their profit open. Here's some examples. Crypto-games: 15,910.87627156 - 15,278.65106029 = 632.22521127 BTC profit in Dice alone, over all time (around 3 years). YOLOdice: 71.228 BTC profit, since Dec 06 2016. You can check it by yourself in investor section or general stats of any gambling site. Those who keep their earnings available for the public are those who accepts investments, it's an important information for everyone especially the investors to check if once they will put their money they can make a good return. I believe most of the sites that are operating now are in profit, so in totality investing in gambling sites are profitable. Agreed, very few gambling websites have gone bankrupt. This happens due to the lack of funding for proper promotion of the sites as well updating with added features to grab the attention of all age of users. Recently in a article read about one of the oldest gambling website going bankrupt just because of lagging settlement to the users due to technical issues. The development team is the cause, so find the perfect site and invest. |
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When you decide to sell, be it today or tomorrow or whenever, chances are you will sell at the bottom. This will cause you massive depression, way worse than not selling at the peak to rebuy cheaper.
Buy and hold, or risk selling at the bottom and losing your position. After this dip stabilizes, we are going $2000.
I dont yet decide to sell im just buying when the price were being dump ,buy more until i can .when i have a target price i will only sell some . I think that many people do exactly the same thing. Each person determines the price at which he is ready to sell his coins. But selling in a recession is stupid. It is better to wait and sell at a high price This situation enters the questoin why do you need or the reason for you to sell at that price. If i am i.e. i will sell bitcoins to gain some profit when price dumps .My point is i will sell at high price not at the bottom. The point is that you don't know how the future pans out. You might think that the bottom is far, far below you when there is a downtrend. You may sell basis that reasoning and the trend may change. The trend might change anytime without any form of indication, so it's good to keep track of the price move and sell at the right time. As mentioned what we think and the real variation happens in no time, which is the risk with bitcoin. So fixing a target and selling is good rather than expecting uptrend for a long. |
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Poll Open for 24 hours. NVM
Personally I think its time to sell a little to buy back in later.
As the price increase is happening without much time gap. Try to keep hold of it. Even when the price moves down, after a short time fluctuating within some limitations once again moving forward. So it's good to hold, or make a target and sell or set time limit to wait for one or two days and sell it. |
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For now alt coin trading is very profitable, the method I am using is looking for the updated and trending news and pay attention to the chart, I made 25% profit with Doge in 1 day, I also invest in ETC for 2 months and the profit is 200%, if you want to make profit I suggest to invest in alt coin for now, if you know how to take a chance then you can make a lot of profit with alt coin
Altcoins at present are giving good profit. But the volatility is much higher that makes it more risky. So before investing a cross examination will help us choose the right coin. In recent days eth seems to give 200% profit and for the new users it's good to buy and hold for few weeks and sell back on price move. Very few understand about margin trading in a short time period. |
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I have never made a big profit selling stuffs. We used to exchange things within friends in exchange for bitcoin. These days digital stuffs were the one that's much preferred by users. Profiting is much through gambling based on luck and the holding of the coins. In my opinion selling stuffs is not that easy because gaining a trust rate to make better business takes time.
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I never had any troubles with choosing proper gambling site.
It is very easy in my opinion, because on every casino you should have found a tab called "provably fair" or similiar to that, with the available way to proove that your bets were random.
Also, there are hundreds of many different websites that list particular online casinos with feedback of users, or sometimes even a voting system.
We cannot forget about bitcointalk.org: it is very important place in which we can just check if the gambling website is scam, or a legit company.
Just ask the users, or browse through the forum sections.
To be honest, I has never got scammed by casino, or any user in there. All you need is to make precautions.
Agreed through our forum we can easily find the scam and legit gambling websites as number of gambling sites have been developed with bitcoin acceptance. Till now I too haven't encountered any issues with the gambling websites. Rarely settlement delay happens which is due to transaction issues which gets sought in a short. |
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Right now it's not that late to invest on bitcoin, though we have missed the days of lower price. By the days of etf a strong expectation of approval has been found. Now this time though an approval on etf is expected to happen this month users doesn't concern much, because the price is on the pump even without any special events occurring.
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The biggest disadvantages bitcoin has for now I think is the slow time of confirmation of transaction. Sometimes it takes hours or more just because there are too many transactions but I really hope transactions would be faster soon so that we can enjoy bitcoin more. I think if bitcoin transactions are real time no matter how many people use it for transaction daily, people might consider it to be used as replacement for credit cards.
I agree with you, time confirmation of Bitcoin transactions are very slow, sometimes I have to wait 2-3 days to be confirmed but I think this is not the biggest disadvantage of Bitcoin because time to confirm the transaction quickly or slowly depending on your wallet and transaction fee. And so I think the biggest disadvantage of bitcoin is the bitcoin transaction fee and security because if the transaction fee is high, the transaction confirmation time will be fast and vice versa if the transaction fee is low, the transaction confirmation time will be slow. Next is security, I can not find where to keep the bitcoin safe, Bitcoin is easy to be stolen Both at times gets considered as an disadvantage, because the transaction confirmation delay happens on times of sudden price increase and decrease. This is just because of the increased transactions happening in a short time period with same fee levied on several transactions causing a lag in the network. In terms of security, nothing is a big problem that even a 2FA enabling helps in a increased security that none can easily enter. |
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prices continue to rise so that it benefits all users, at this time no one wants to sell bitcoin because price will sure continue to rise and the thing that makes the bitcoin always # 1 is the most profitable investment.
I agree with you that no one is willing to sell their bitcoins because they believe that the price will go up again and bitcoin possibly touch 2000 USD price in the next pumping price and that is a good price for the holders of bitcoin right now because if they buy a lot more then it is a good profit in the future  . Right now as the price increase is found in a large scale with fluctuations in a steep manner most users have plans on holding the bitcoins rather than selling at the moment as speculations were going around with the expectation of $2000 and $5000 anytime soon. |
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Single currency system won't exist to make the financial system run in a perfect manner. Because the money value varies between Countries. Also in future bitcoin might be used as an currency for cross border transaction where as within the country the transaction will be made using the country's own digital coin.
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Price prediction of bitcoin is very hard, when it is calculated for years then surely we can't make a better prediction to the trades involved selling these services. Based on the ETF approval we can expect a positive in mind of the users who have been with plans of multiplying bitcoin
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Had always been a better Tennis player, loved watching the sport and so the only sport that I gambled over is Tennis. It gave me such pleasures through making me win most of my bets that I can't forget, as well as those bets were having over 80% winning chances as well as with high odds. Even set betting had been one of my favorites and unlike other gambling stories where they end up losing, I can proudly say that I am a winner.
Good for you that like like tennis and have made money that way, personally I don’t like to bet on tennis for the different ways casinos deal with a player withdrawing from a game from injury so I prefer to bet on soccer a game I like best and in which such rules do not apply. Soccer is besides being entertaining sport inside the stadiums is as entertaining for the casinos. Most of the people like to bet on soccer and the now trend is on cricket as well. Many of the people are making money on betting on various occasions in the ground and this is what makes it interesting and attractive for the gamblers. Soccer gives you different opportunities to place bets, but it is a easy prediction for the users who are addicted to the football. Most of the time I prefer tennis due to its increased chance of winning, that even at the last moment the game could get changed getting a good profit. |
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It depends on how everyone as an individual makes use of Bitcoin. I personally see and use it more as something that can be seen as Gold. I am not really interested in using my coins for spending purposes. I use it as a store of value, where my main motive is to keep a large portion of my wealth outside the banking and governmental system. At the same time, the volatile nature of Bitcoin lends itself perfectly for investment/trading purposes, which is also what I am using Bitcoin for. For me the right term is indeed digital Gold.
Agree with you. Depend on the person that will use it. I know some people that are just using it for paying bills and other stuff. Some use it as an investment and some think of it as real money which is just like fiat. There is no wrong with this choices. It will just depend on each one what they think. I also think there is no right answer here, we have our own opinions. It depends on the users as quoted by most of the users. In the early days users preferred it for all the gambling needs and for illegal usage. Meanwhile little by little people started considering it as an value storage token and now with the growth its been getting popularity as an investment. |
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One way to make bitcoin as a means of payment is to use bitcoin in everyday life. Currently bitcoin prices have increased significantly. What we do is to continue constantly using bitcoins. This can make bitcoin prices continue to increase.
I don't think so. Bitcoin's price/market is increasing because most of traders prefer to use bitcoin to trade. One thing is also because digital currency is being introduced globally and invetors are interested to invest in bitcoin and altcoins as they see that it has a future. As quoted bitcoin usage have been increasing in a big level. The reason is that every bitcoin user have profited on using it, this has given them an added hope of investing more regularly. This has caused a large number of adoption that has made the price increase significantly. |
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Whatever may be causing the rise of altcoins, it is good for all. Even for Bitcoin. Because after all it is all crypto. Anything good for crypto is good for Bitcoin as well, as it establishes user trust in the system.
As quoted the altcoins growth is a good thing for the entire crypto community who are into real use of bitcoin and altcoins. Though altcoins have not got much usage same as bitcoin, the trading platforms of altcoins help in making a better profiting and invest into bitcoin. |
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I want to own 1 bitcoin but i just can't because it's just to hard for the poor to buy 1 bitcoin especially when the internet is full of scams.
My experience with bitcoin is i got scammed many many times so that's why it's to hard for me to earn 1 bitcoin.
From your words it's clear that you have been cheated many times by scammers roaming around the internet. In reality greediness is the one that causes all these bad thing. I think you might have saved a single bitcoin in your wallet if you were good enough to focus on finding legit sites giving access to earn bitcoin based on our knowledge and willingness. |
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I have lost much than what I have earned or saved. Through gambling I have lost more than 25btc, which is quite a big amount for an normal user. But I lost these when the price was around $350. Now if this has happened I could have ended up everything running for my daily food.
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This varies with the exchange services, because everywhere profiting is the major concern. For this some might quote an added price tag, and some a little less price. So the users will move with the one that provides the convenience and the satisfaction in the security aspects and some exchanges charge big for the escrow service which is the cause for price difference between these.
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There is no specific entity to blame for the 'destruction' of Bitcoin, I believe that everyone is equally responsible. If Bitcoin wants to survive and prosper past this the constant in-fighting, insults and personal attacks coming from both sides of the debate has to stop.
In addition to this, the constant sensationalism on Reddit in regards to this is embarrassing. I feel like I'm reading a tabloid newspaper, not a supposed means to discuss changes and news (both economical and technical) regarding Bitcoin.
That`s why i don`t read and don`t use Reddit anymore. There are countless conspiracy theories about the destruction of bitcoin during the last 3 years. Is bitcoin destoryed?Nope... Conspiracy theory is just made to destroy BTC. It was created by person who are strongly against BTC. This is the common tactics on market competition so that their might still the fame of bitcoin in the crypto world. So far, there is no conspiracy theory are already happened except for prediction that commonly happened just like certain dump on price. You could have see many trollers who aganist bitcoin in this forum also. Just don't care about those people and make your way clear about bitcoin. It is the best source for world wide payment in future and will give tough competition to Paypal, WU and international exchanges. Now itself users who were known about bitcoin use it for large volume transactions which through WU or other transaction source will charge you high as well heavy taxation will be levied for what we have earned. Now itself several transactions service sector have started to use blockchain technology for efficient transaction. |
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