It will always be bitcoins for me. When I started accumulating bitcoins the prices was about $800. No it's $6,000 and it hasn't shown that it will slow down or that it will go crash. The thing is even if it has been a year or so, this is still a short term investment in the real world. Usually investments take about 3-5 years and even 10 years to ROI, in bitcoin I've almost x10 my money.
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who Detect price from Bitcoin to $ or € ?
if i exchange bitcoin into $ and bitcoin exchange it into € will be same (rate between $ and € )
You mean if you exchange your USD to BTC then exchange it to EUR, then will it still be the same value. For example, this is based on preev, 1. 100 USD (85.12 EUR) = 0.0173 BTC 2. 0.0173 BTC = 86.20 EUR (101.31 USD) That means it does increase when you exchange it USD -> BTC -> EUR. However, this is only theoretically, and it assumes that there are no exchange fees and that you are buying and selling at spot price. So in reality, you will not profit if you did this.
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They need to study what bitcoin is. Than they would know what bitcoin actually is. BITCOIN IS UNSTABLE. This is why it can drop very hard and that it can go very high in one week.
For an example bitcoin was nearly 5k worth but in one week it fell to 3k. This means that its unstable.
Yeah it is unstable but bitcoins are really under-priced even at this level of trading. The price is likely way above this, if there would be a great adoption then the prices will likely go up because of the level of demand for it and there is not enough supplies. This is unstable now because the demand and supply has not yet balanced out. If there is a lot of consistent demand, then likely prices will stabilize as well.
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Apart from reaching a new ATH, bitcoin is also regaining dominance vs other alts. It was halved between March and June and bitcoin has been slowly regaining it but lately seems to have received a boost. [I M G ]http://i64.tinypic.com/dh4xx.jpg[/img] Source: ( https://coinmarketcap.com/charts/#dominance-percentage) Any ideas about why this is happening? If you have checked, history is just repeating itself. The fact the prices are booming in bitcoins, investors are moving away from altcoins. Then if bitcoins are going down, they are all buying cheap altcoins. It's like a seesaw, when one falls the other rises. This has been the case for a while now. You'll see when prices go down in bitcoins then altcoins will again rise. So this is the best time to buy those cheap alts.
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So I am brand new, and I am looking for things I have that I can sell to get a crypto wallet going. I have a motorcycle that is worth $4000 that I would like to sell in crypto to start a wallet. I am ignorant right now. If a bitcoin is worth roughly $6000 tonight, how does one sell a item is worth less then $6000 in bitcoin if the item is $4000?
Frank
Bitcoins are divisible, hence if you are selling an item worth $4,000 that means it would be sold for 0.667btc (price of item $4,000 / current price of btc $6,000). Best is to post your item on the goods section and place all relevant details like, 1. Where the bike is located. (it would be impractical to sell the bike to someone in asia if you are in the US, right?) 2. Model and make of the bike, year, mileage, and other info about it. 3. Terms of payment (likely straight up bitcoins in your wallet) 4. How bout papers? How will the papers be processed? Things like those, it would be like a normal contract just that it is paid in bitcoins at current prices.
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We're getting there. I've noticed more and more storefronts are starting to display the "Bitcoin Accepted Here" sign around town. Just today I was visiting my family and we talked about Bitcoin. My mom asked what its purpose was if noone uses it. I did a google search and found a gas station up the road and a couple local restaurants accepted in. She was surprised since its not a large city.
Hmm, care to share which country you are in and what city it is? I haven't seen any of it here in mine, though I would say that my country won't be the first ones to adopt bitcoin. But so far, I haven't seen many post about people sharing about stores already placing signs that they accept bitcoins. Though, I heard a lot of good things about the lightning network, it could possibly speed up the implementation of bitcoin payment systems once it gets released.
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I think it is successful because of mainly the price you get when you win in Bitcoin Gambling, if you kept the reward then in a year you'll be rich because Bitcoin value keeps on increasing and most of the gamblers strive hard to win that amount.
It is true that Bitcoin investment is the best thing around now but the problem is that most gamblers want instant money and might not necessarily want to keep their wins for a year, chances are that they might gambler it off even if they manage to keep it. That is indeed why gambling sites are so successful. Since gambling sites really appeal to a person's greed. That is why people keep on still risking money in gambling. They all think that they can double the money easy without any effort. But that doesn't usually happen, the usual occurrence is that players lose more than what they have and end up regretting gambling.
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With BTC hitting over $6k US a pop, is it time sites start offering betting with microbits (μBTC)?
I like to bet on sports for fun, with most site minimum bets of 0.1mbtc (61cents) I can throw down a few dollars worth and still have fun watching the game. Ok for the moment, but if the price of BTC keeps going up as forecast it will become a barrier to playing! And casino, playing a 25 lines on the slots at $1.20 a spin is a bit much!
With microbits, the minimum bet is future proofed to say min bet 10μBTC or whatever.
Or am I completely wrong?! lol
A bits is about 100 satoshis, I don't think it is still feasible for sports books and other higher minimum bet games to adopt bits as the base unit. The current use of mbtc is still feasible. It still being able to be divisible in non-whole numbers. 0.1mbtc isn't that big yet to be of concern hence the status quo can still be upheld. Probably when bitcoin prices reach the five digit level, gambling sites should consider changing from mbtc. i always gamble using mbtc count, and in my opinion this is enough, because dalalm this calculation can be more easier for me in managing the cost that I spend and the calculation becomes organized without any errors at all, it is true that mbtc count now become quite expensive in some gambling sites, but this is okay as long as the user does not mind That is indeed the situation now, and currently the status quo is still enough. Like what you said you are still comfortable using mbtc to gamble with. I guess when prices go to $10,000 each then possibly gambling sites should really consider lowering minimum bet size. But generally if that happens, even the bitcoin network should consider upgrading again so that fees go as little as a hundred satoshi to be even feasible to move small funds.
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With BTC hitting over $6k US a pop, is it time sites start offering betting with microbits (μBTC)?
I like to bet on sports for fun, with most site minimum bets of 0.1mbtc (61cents) I can throw down a few dollars worth and still have fun watching the game. Ok for the moment, but if the price of BTC keeps going up as forecast it will become a barrier to playing! And casino, playing a 25 lines on the slots at $1.20 a spin is a bit much!
With microbits, the minimum bet is future proofed to say min bet 10μBTC or whatever.
Or am I completely wrong?! lol
A bits is about 100 satoshis, I don't think it is still feasible for sports books and other higher minimum bet games to adopt bits as the base unit. The current use of mbtc is still feasible. It still being able to be divisible in non-whole numbers. 0.1mbtc isn't that big yet to be of concern hence the status quo can still be upheld. Probably when bitcoin prices reach the five digit level, gambling sites should consider changing from mbtc.
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What OP is sharing is likely just a coincidence, and will not consistently happen in any more of his games. Gambling is all about luck and there is indeed a possibility that this would happen, but to get it consistently is not possible. If it is something constant then a lot of people would have abused it and bankrupted a lot of casinos. But it has not happened. It is the players losing and not the casinos.
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With high risk trades where its very hard to tell the odds like a new coin then I think it is like gambling but I still believe the risk vs reward for trading is lower then for gambling and you can win more trading if you know what you doing and with some luck. Otherwise just stick to traditional gambling and try your luck there. You have just as much chance as anyone else does to win or lose so go for it I say.
Well yeah you can say that risks involved in trading is similar to gambling's risk. However, I would like to differentiate this from ICOs. I think investing in ICOs are really gambling. Since you are gambling whether or not the developers there are really serious. Most of the time a project just turns scam because the developers just ran with the investments.
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I'm interested to see if casinos like Bitstarz & Bitcasino actually end up implementing a FAIR version.
Are you some sort of shill lol. Bitstarz honestly have a great service with fast cashouts For some of them, they said bitstarz have some issues with them, you should read the whole thing before you can claim they have fastest payout. And btw I do not have any issue with them too last time, but after I back it seems like everyone lose everything there and the withdrawal process is not as fast as before when I started it for the first time. May be you should consider it again I think they turned scam a few weeks or months ago. A lot of players were complaining about their withdrawals as well as the bonuses. Not sure what happened, as I have not read the whole thing. I just want to state this so that people looking into this casinos would be cautioned and would do their due diligence before they even try to play in that casino.
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it is not possible gambling does involve luck same as sports in most situations but in sports you require high amount of skills no matter what game it is , in gambling skills won't help you much you need luck more than skills
Depend on what type of gambling do you play. For example : poker , it's a matter of guts and luck or even just guts for bluffing your opponent to win for a big prize. All you need is learned from past and implement what you've learned by process ! Though it still requires a lot of luck to be able to win it. And that is not something we can control or even learn to control even from a billion times of playing and getting experience from the game. There are things we cannot control and luck is one of them. That is why there is no one that can say that they can consistently win in any kind of gambling, be it poker or sports books.
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Betting via an agent might be a good solution for you then. I am betting nearly exclusively via agent accounts and never had any problems. You don't have to share your details with the bookmaker then, with some agents you don't even need to share your details with them. This agent betting has grown into a big business the last years.
First time hearing this, not sure why would you even want to hire an agent for this but maybe it's your own prerogative. But to be honest, since most bitcoin gambling sites do not even require ID or a KYC policy, then I don't see the reason why you have to get an agent. I've been betting on sports on bitcoin sportsbooks the past couple of years and never had problems.
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I think to gamble my bitcoins has been my worst mistake in the crypto life so far. I should have never used them to play casinos and stuff. On the long run the house always wins.
good for you to have this lesson in life and make sure that you will able to quit and never to come back, gambling is not for everyone those who can survive with this activity are those who can afford to control their emotions and knows what is there limitations. Right.Gambling is just for fun,and not to be taken seriously.I'm sure you won't gamble anymore,or if you want it sometimes but not with your bitcoins.That's too much to lose.You work hard just to earn bitcoin so it should not be wasted by any means.Learn to value things that are of biggest importance. This is one of the reasons that every gambler should have had some sort of seminar or education that taught us that gambling is just for fun and all those concepts we know here on the forum. To be honest, there are a lot of new gamblers that think gambling is a source of income and it could be turned into a livelihood. Well, the are down right wrong, and in the end they end up with huge losses.
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You should probably first move this to gambling discussions and not on the gambling section.
About the topic, I think this is indeed something to consider. I too believe that online gambling will be shifting to cryptocurrencies as it is a much better alternative to using other conventional methods such as cash or credit cards or other electronic monies. The technology involves a lot of factors that will be advantageous to online gambling.
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In some casinos where you can invest your bitcoin into the bankroll and earn from it, you are able to also leverage your investment so that the amount of profits/losses you make are magnified without having to actually deposit more money into the investment pot. What kelly multiplier do you personally use and what do you think is the right balance between safety and risk? Let me know with your replies I read that most people are using 10x but for me this is too risky. I personaly am using 2x or 3x, casino depending. Some whales could easily eat 10% of the site's bankroll and then your 10 leveraged investment is gone. But to kill 33.33% of the bankroll is much more harder. Though the reason why most investors use the highest possible option for leverage is that gambling sites always profits in the end. There might be a whale that suddenly wins, but most of the time they just lose all throughout. It will all just even out in the long run, because statistically speaking the house edge will make the gambling site profit because it all leads to the house profiting.
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Well in the end, it would all be up to you. If you frel you want to personally try it out, then do so but you have to consider as well everything said here and wa posted online. I've played in betcoin.ag for a number of times before and i fortunately for me, i didn't have any issues with them so i guess it's 50/50
Yeah sure, its up to you if you want to choose to play on a legit casino or one that has been previously proven to be a scam. The thing is on these kinds of sites, you will likely have no problems with small amounts of bets and wins. The problem arises if you are a high roller or someone who won big. They will not pay you when you are about to withdraw big amounts, like what they did to one of their players.
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That means if the player wins then referrals win otherwise no. Suppose if a player wins 1 BTC how much referrals will make money?
No if the one who you refer will win you will not get any referral commission. This is How commission is calculated; Your commission : total amount lost by your referred players - bonus, loyalty rewards, payment fees and chargebacks given to that player How can referral earnings go negative?
Either you should have a profit or zero right?
It depends upon how much site is making and those negative balance will reset to 0 on 1st of each month. Hmm. I always thought that when you get referral bonuses you will get it no matter if they profit or not because the site is sharing with you house edge. Which is something that is guaranteed. I don't think you'll get a negative on referral bonuses, since affiliates are not part of the bankroll investments but merely promoting the site and that is how they are earning not from investing.
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If I'm not mistaken 1 bitcoin way back 2016 is $800 (correct me if I'm wrong at this). And by computing 50 bitcoins x $800 = $40,000 dang that's a lot of money thinking about the price was at that rate. It's even more hurtful if you'll trying to compare the price right now 50 bitcoins x $5,500 = $275,000 look at the difference that's totally a lot of money. I'll never do such a mistake just like this, felt sorry for niagwai.
If we only know what will happen in the future then we will not gamble that money will just hold it, the thing is at the time we gamble we only think of it's value in fiat that's why we allow it to be spent, but who would think of losing, it's just happen that we are unlucky at that time. It's not actually on my range, I never spend that big number of bitcoin for gambling, I would even cry hard if I lose 1 btc in gambling. There's no way to know what will happen in the future and everything is just speculation when it comes to the price of bitcoin. And we as gamblers we have to be responsible with our funds and we should make sure that we are doing the right thing about it. It's why limiting ourselves when we gamble is the right thing to do and you are not the only one that will cry if you lose 1 bitcoin and even me at 0.5 BTC. I agree the problem with player that have no control over themselves is that they keep on going as long as they have fund. Going all out then regretting when his bankroll got depleted. We as a gambler should be responsible just like what bhadz stated. We should act accordingly and adjust our selves in a way that we can minimize losses. Let us not make ourselves be drifte on the river of greed and drown on the idea of chasing losses. Yeah the guy is stupid to think he would win that bet. I would not have risked a lot of money to do this. There are three things to be considered here. The gambler that did this bet would either be an early adopter of bitcoins with thousands and thousands of bitcoins in his wallet, or he is super rich and has a lot of money to waste in gambling (probably he's bill gales, lol), or maybe he is an addicted gambler that tried his luck at it and miserably failed to do so.
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