I'm not too worried about other altcoins coming close to Bitcoin to take over its spot. I am more worried about what policies governments and banks will throw at us the coming years.
Well, mainly, it'll be about the governments. We can still exchange our bitcoins using online payment methods or locally with cash. If the governments put down a law relating to bitcoin trading for whatever reason, then that'll really put damage the community. But, let us not forget about Silk Road and other illicit sites that use bitcoin as their primary currency. [I'm not saying Silk Road was used purely for criminal activities, but it's just an example] Silk Road was still extremely popular. Extremely. Popular. And OpenBazaar is there as well. |
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That's why I think if that were true, then a lot of miners would drop out [and come back in, due to difficulty changes] and bitcoin would start to become more centralized [even just a little] due to the mighty pools controlling everything. Of course, miners would even things out by going to different places, but maybe the profit there would be worse than the profit in the large one? Who knows what will happen?
But all I know is that the price will not surge. It will increase [imo] but not surge.
the main pools own alot of rigs, they wont move to other pools.. the main pools have alot of funds in reserves because their cost of production is dramatically lower than western pools. so not only can they keep mining without worrying about cost, but their reserves can be used to change the price, when they are motivated to do so. a few of the smaller pools will decrease in their customer base. but the main pools will continue on if i was to look at the top 3 pools f2pool antpool btcc i would say the one that would see most effected would be f2pool. (but not as much as the other 15 smaller pools) Then disregard anything happening to the main pools, but if at any point miners decide to try and leave due to unprofitable reasons in those pools, couldn't they just increase the price the miners get and reduce the pool fee? The system would slowly turn to be more centralized and ruin the largest part of bitcoin. |
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Promo 77777 Congrats to gizane for the first player won the 77777 Promo, which offer 16 BTC Prize plus RUBIES Prize worth 0.64 BTC. I started playing at DL before JPR hit the first 6, and I always say that it is quite impossible to hit the 6 cos the game is as same as State Lottery. Then the first siren came out, and the JPR hit the 6. Two weeks later, winorgohome hit the 6. Not only that, during the same month of April, Cooldad hit the 6 and it is not AprilFool but it is a fact that anyone can hit the 6. And now, only after 72 hours, JPR hit it again....not only during promo but this is the biggest winning so far for DL. So, the point that i would like to share with u guys, everyone can be the winner. Even a single bet can make a big different at DL. Now , lets hunt for the 32 BTC profit and u guys can be the next winner. Bravo DL and Goodluck to all the players  Dust Lottery is essentially the poor man's lottery. It's got about the same chances as 6/49, but you don't have to spend a crap ton of money every time you want to try. The only problem is that you won't get any compensation if you get more than 1/6, which is unfortunate. But it's a great game if you want to REALLY go for that jackpot. People who hunt 9900x or 9960x on dice games would definitely have fun with this game. |
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Quit. I don't think there's gonna be much coming back from that type of level. Maybe there'd be a few death rattles. I ain't hanging around to see them.
If the price drops down to $1, then there must be a better alternative that has more potential than bitcoin. Clearly at that point, something terrible must have happened to bitcoin which makes it unusable and unwanted. The demand must be next to none, and that would be reflected in my options. Those who would still buy would just be suckers, and bitcoin would turn into that of a shitcoin. Pumped and dumped to eternity. |
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i think nothing is stoping people from using bit coin. it is the matter of trust. those people who have study bitcoins are suing it as currency. and most of the people are holding it for its price increas so those people who have no idea about bitcoin only these people are reluctant.
As you said, they have no idea about bitcoin. A better information dessimination could help so people who are not aware or who do not know enough about bitcoin can learn about it. If they do, they will appreciate bitcoin and will start using it as a currency. An ignorance towards something that is innovative and amazing is the only problem that stands in the way of people realizing the potential of bitcoin. That, and their intelligence which could restrict them in such. Some people just do not have the mental capabilities of understanding why bitcoin is so great (because of the constant negative media portrayal of bitcoins involving criminal acts and whatnot) |
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Of course is trusted, bitcoin are completely safe as compared to your real money
... What?! What?! What in the world are you talking about? "bitcoin are completely safe as compared to your real money"? Firstly, you're downplaying bitcoin in the same sentence where you promote it by referring to it as money that isn't part of the real money section. Secondly, let us look at the history of bitcoin and its current trends. It's so volatile. That's why traders are interested in it. But is volatility security? No, not really. Gold is more trusted than bitcoin as an investment. If you trust bitcoin more than real money, then you should invest all your "real money" into bitcoin. But, looking at how you aren't partying every day from your bitcoin profits, I bet you haven't done that. |
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I want it to increase and stay there not like a sudden but temporary increase. The increase should be permanent
yes i agree with you. I do holding and waited for bitcoin prices rose. then I sell it and get a big profit. I just need capital and patience to do this. hold not as easy as people think dude you need a little patience to hold bitcoin and then you also have to choose the right time to sell bitcoin. if you're wrong time in selling bitcoin. surely possible prices continue to rise and you actually lose? There's two types of holding, really. You either hold and wait for a bubble to come by, then dump your coins and wait to profit (which may be a bad mistake because the bubble could be a permanent change) or... you hold for when bitcoin goes mainstream, and then you can use it directly. The people who say they will sell when they are expecting bitcoin to go up to tens of thousands of dollars have the wrong mind of thinking. Why sell when bitcoin's so popular? Why even bother when you can just use bitcoins for your goods? I'm one of the former. I might be making a fool of myself for participating in bitcoin and being ready to sell at any time, but the truth is that I, like many of you here, am scared of bitcoin falling apart. Otherwise, I would just invest all my money into bitcoins and forget about everything else and wait for the money to flow to my pockets. |
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2. There are roughly 15 million BTC "issued" however that does not mean that they are all for sale at any given time. The miners *need* to sell the majority of their mining revenue to pay their bills, as their bills are denominated and and paid in fiat. This is not true for many other bitcoin related businesses. The last 24 hours of BTC/USD volume on bitfinex is roughly 4,800 BTC, on bitstamp it is roughly 2,400 BTC, on btc-e it is roughly 4,600, so althoughthe miners are not the only ones selling, the likely do make up a very large portion of btc sold every day.
Right. If miners need to sell the bulk of BTC they mine today, there's gonna be a shitshow come Teh Halvening. Because that "bulc of BTC" gonna be cut in half. Clearly not enough to pay the bills, forget PROFIT! wat do  That's why I think if that were true, then a lot of miners would drop out [and come back in, due to difficulty changes] and bitcoin would start to become more centralized [even just a little] due to the mighty pools controlling everything. Of course, miners would even things out by going to different places, but maybe the profit there would be worse than the profit in the large one? Who knows what will happen? But all I know is that the price will not surge. It will increase [imo] but not surge. |
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A lot of people seem to think gold is the answer to all our problems. Every time the economy takes a turn for the worst, people turn to gold. {They invest in gold to hedge against these problems} If you do not buy physical gold items/ornaments/jewelry/gold bars ... you still have ZERO protection against anything. It is just a piece of paper and a ledger entry on a private database. People seem to think that there are tons of gold stored in secret vaults under government buildings. Is this true? https://www.youtube.com/watch?v=gZcRk7UClO4 { There are no proof of this and audits in the USA are about 60 years old. } You have the only entry to your investment, when you invest in Bitcoin. { The private key } The proof that it exist, is on a public blockchain....  i think bitcoin is better than gold because bitcoin price is increasing and bitcoin is safe than gold . ... Why is bitcoin safer than gold, exactly? It's extremely volatile. Way more than gold. From an objective standpoint, gold seems much safer than bitcoin is. If it's so safe, why not invest all your money into bitcoin? Since it's increasing, you will only profit off it, right? Right? No. There's doubt, and you are scared of losing money. |
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Was to be expected to happen right? I mean, in countries where gambling is illegal, bitcoin offers the perfect solution without any direct traces to your fiat accounts.
What I like most though, is the possibility for relatively trustless betting (e.g. you send coins to an address for a bet), where you don't even need to have an account at a certain website (yeah, it is gonna be slower though).
Also deposits and payments, expecially for large amounts, are much easier than with fiat as hardly any verificications are required.
Plus, no more tax! It's waaaay easier to gamble online using bitcoin instead of going to the casino, turning the money to chips, placing the bet, turning the money back, just to lose the money [most likely] and going back home. Why do that, when you can do it in the ease of your bedroom? It's so easy, and you can choose what game you want to do, nearly instantly. Why wouldn't you do online gambling? The thing about gambling being illegal in some countries also incentivizes online gambling with bitcoin, and its pseudoanonymity. |
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I honestly do not think it can be profitable on a long run you would need such much luck and money to accomplish this.
I really think its just not reachable in my eyes...
It can be profitable if you know the game very well especially sports gambling and maybe poker game. I have seen many sports bettors are in a great profit on a lung run, of course they can lose it all in a single bet if they cant control themselves. Sports betting is probably the best bet if you decide to be the gambler in the gambler/house scenario. Alternatively, if you own a casino [or whatever it's called these days] then that could be the way to profit off gambling in the long run. That way, you literally have the odds in your favor and statistics says you will profit. Anyway, back to sports betting: if you research enough, you'll more or less win more than you'll lose and slowly profit. (But that's no fun. That takes too long, and gamblers are impatient) |
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I'd say BANK some rather than YOLO all in, or you could also bank some until you have a "safe" amount and then play YOLO later. anyway, good luck with your challenge bro i'm watching this thread and hoping that you can pull it majestically There's no difference except in terms of the amount of time you spend to lose your money. Either way, eventually, you'll reach the point where you place your last bet with the last of your money... and you'll lose. For me, I like the all-in strategy. It's more fun and you get through the whole gambling event much more quickly. The amount that you risk would be roughly the same when you carry it out statistically. I say to go YOLO forever! |
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Gambling makes me coming back because i feel that i must get back my loses on gambling, but that's makes me losing more than before. That cycle never stop until i decide to no more gambling.
That is one aspect of gambling that provokes people to return to the scene, but another is the rush of excitement that you get when you win a bet. Either intermittently, after a long streak of red, or when you're in a long streak of green. Any of those rewards you and you become happier, incentivizing your brain to return to the gambling. Your inner self rewards you every time you win, whether you realize it or not, and you become addicted to the winning. The whole "jackpot" feeling, essentially. |
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Gambling implies some risk, and hence there is no way that any type of gambling is guaranteed to be safe. If there is no risk, then it's not gambling.
I would say that the best way to "gamble" is to not act as the gambler, but the house. You can still get your kicks off when someone wagers a bet - you still either win or lose, but this time the odds are in your favor and statistically, you will be able to win some money in the long-term. Hopefully. Unless variance cuts you and someone gets extremely lucky [and for that matter, doesn't come back] you will do well.
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so what you guys think are the best safest sites?
ones with most wagered,
ones with a decent % profit thats been steady for months or more?
just curious what others think, and what works for you
If you are into the altcoin scheme, then there is just-dice which covers CLAMs [the altcoin]. They have been here for quite a while. invested 1,239,942.69538432 (profit) 1.100110% bets 1,313,034,267 wagered 31,304,235.93381116 (profit) 344,380.97391523 All this is in CLAMs, and that adds up to a roughly 629.78 BTC profit. Not that bad. |
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HYIP are very similar to gambling. You can profit from it if you are watchful and abstemious But you have to realize the moment you want to get up from the table and go home.
Most people are oblivious to that and they will stay in HYIP until the end - when it is usually the end.
HYIP obviously will become scam on the long run when it finally collapses. The benefit of hyip is if you are one of the first to join them Early birds catches the early worms. When a hyip site will be released you should be first onr in the line to gain a chance, for you receive your initial invest plus the profit you will get. Unless they are scams initially. The long-term HYIPs most certainly will not get you anything, but for the ponzi schemes that "double" your money in a few days, they may be worth testing out. If you're lucky enough, you can gain some profit from "investing" in ponzi schemes, however, it's basically the same as gambling. To own a HYIP/ponzi... it's dangerous. It's a stupid thing to do if you can't protect yourself, but it can be extremely profitable if you wish to steal other people's money.  |
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Are you holding for your retirement? It seems a very far event, and I don't know if bitcoin will exist then. Remember that we can't foresee the exiting surprises that advanced technologies will bring in the future, but it may come something that beat the current bitcoin supremacy.
Well, I also save a lot of my coins for when I am retiring. There are only 2 outcomes possible. 1 - Bitcoin will be worth a lot in the far future. 2 - Bitcoin will be worth next to nothing in the far future. I aim for the first option obviously. The problem is that perhaps in that time, the bitcoin price will fall due to another, better, cryptocurrency that may catch on. Besides, if the bitcoin community grows then so too will the altcoin community. And perhaps there someone will find a gem that will begin to sprout and grow into something that garners a lot of support, even moreso than bitcoin. That... or it gets pumped and dumped. |
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After halving I think it will happen. However i also happy if the price of bitcoin increase until 800 Dollars. And now i am starting to hold my bitcoin in my bitcoin wallet.
yes after having everything will be better. I'm also pretty sure bitcoin will penetrate 800USD after halving. bitcoin save all that you have now and make sure that you will get a higher value bitcoin later. Agree, the halving will meet bitcoin to $800 and this is also a chance that this year we again see bitcoin at the value of $1200, that will be a great time to see bitcoin and all those who lost opportunity to earn profit with halving can grab it now. Yes we are gonna make the 800 dollar this year without any doubts, its just a matter of time before this is gonna happen in my eyes.
The bitcoin can rise to the amount of 1000 dollar if the halving will be good.
There is a good chance that the bitcoin is going to rise to a higher amount than we think, I think the bitcoin is gonna rise to a even higher amount this year.
The halving is a good thing and many other people are also saying that it will rise to a price around the 1500 dollar.
After halving I think it will happen. However i also happy if the price of bitcoin increase until 800 Dollars. And now i am starting to hold my bitcoin in my bitcoin wallet.
yes after having everything will be better. I'm also pretty sure bitcoin will penetrate 800USD after halving. bitcoin save all that you have now and make sure that you will get a higher value bitcoin later. Agree, the halving will meet bitcoin to $800 and this is also a chance that this year we again see bitcoin at the value of $1200, that will be a great time to see bitcoin and all those who lost opportunity to earn profit with halving can grab it now. A few days later when there was an efficient rise in the price of bitcoin I also starting to think that the price will touch the value of $1200 sooner in the mid of this year when halving will occur but now the fall of price and stopping at $443 is making it strange. Way too optimistic in terms of looking at the price appreciation during the halving. I'm not quite sure what your reasons are for believing such a thing will happen, but I refuse to believe that the halving would make the price go above... (let me give you a small victory) $700. There will be a change, that is true, but there will still be plenty of dumping and probably just as much demand. The intake of bitcoins would be cut in half, but the overall supply won't differ too much until a while later. Perhaps then you would start to see remnants of an increase, but still not doubling. |
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People said the same thing prior to the last halving event - that the halving was already priced in, as there was no significant rise in price leading up to or even during the actual halving event. We didn't see a significant rise in price until a few weeks or so after. Not saying this time will be the same. i'm just sayin...
The rise in price could also have been due to other factors. I do not personally remember what had happened [didn't do the research yet] but bitcoin has been very volatile. There's no guarantee that this halving the price will increase greatly. I will concede in saying that I have bullish beliefs towards the halving and that it would create a price increase, albeit I do not expect that the price will reach high levels [like some people have predicted] such as $1000, where it doubles. The only way the halving can be priced in is if rich miners hold on to their bitcoins to sell them at a later date.
But since large scale miners have large scale operating costs i don't think this is very likely.
A serious miner won't be able to hold onto his bitcoins for months and months because he won't be able to pay his electricity bills which are in the thousands or tens of thousands a month or worse.
Mining farms can let their coins pile up and still pay their bills. Let's take Antpool as an example. Today it minted 40 blocks which equals 1000BTC. And yesterday even more than that, but let's take 40 blocks per day as an average. 1000BTC is worth $437,000 at current rate. do that x30 = 30,000BTC x $437 = $13,110,000 per month!!! Even if they pay $100,000 - $500,000 per month on bills, just look at what they can stash up. But there isn't really a direct way of knowing how much the miners pay every day. The costs per mining rig could be pretty large when they add up to the amount of hashing power that they possess. Okay, sure... They make a lot of money, but come the halving, that will get cut in half. Perhaps they will be in profit for a while [or at least until the next halving] but I assume that many of the pool workers sell off the bitcoins immediately, because there are the mining costs and then there are also the people costs. |
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You want to see real profit? Or you want to just make a short term buck or two?
Simple laws of supply and demand say that when supply is less than demand, price goes up.
Think of that like a see-saw.
Bitcoin new coin supply will be cut in half, roughly around mid July, i believe.
Ergo, the price goes up.
Magic!!! Everybody profits!!!
But wait..hold on! Bitcoin is a complex enough market...in that it is a bit unpredictable.
If everyone is expecting profit...and everyone buys bitcoins... and everyone is waiting for X to happen, once Y happens...
Nobody can actually predict that. Because we EXPECT something.. (esp. in the bitcoin market) is absoulutely NO guarantee it will happen.
In fact, bitcoin has a habit of doing the opposite of what is expected of it and usually with unexpected timing..
I don't expect miracles with the halving event. Maybe top out around $650
In fact, i expect pumps and shake outs and many people will sell... and when all the weak 'just here for a quick buck, but sorry wifey, i lost our money' guys are shaken out.. then the real rise up starts.
Be careful.
Edit: I think that if you are taking a longer-term view, say, 3+ years, now would be a good entry point. I expect the real fireworks to start 3-6 months after the halving. I myself have bought a bit more this week and have sent more cash to Stamp last night.
Right. Well, typically the majority expects something but they rarely do anything to provoke the aforementioned event. I bet that many [maybe 80%] of the people who state that the halving would double the price [I personally find this claim to be ridiculous] still have less than 1 BTC in their main wallet. I bet that they still possess with them a certain amount of doubt in the future of bitcoin and are afraid of investing in it. I myself also have this doubt, and hence though I believe the price will rise, I do not expect it to go to such inane levels. |
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