Is making a bitcoin exchange a profitable business? Has anyone have any experience? And I don't mean an online one, but a local one where people can go and buy/sell bitcoin. What do you think? I can understand that it will depend upon the location, but I think it can help in inviting more people to bitcoin too, right?
In general it's profitable as you only get fees on transactions. Your aim is to invite more people to sign up in your site and exchange their bitcoins and that is where the expense will come. People will not use your exchange site if your site is not well designed and safe, bear in mind that the competition is there and if you want to succeed, you also need to compete or even outperform your competitors.
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Desperation leads to excessive losses and it will plunge you further into debts.
Correct, because you cannot control yourself once you experience the loses in gambling. That is why we are advise to bet only what we can afford to lose since we cannot assure we will control the emotion when it will also play in gambling. Once we are in the situation of desperate need of money, we cannot just stop if we lose, instead we will chase loses and aim to be on the profit side to satisfy our needs and that requires a great amount of money especially when we keep losing. Yeah, the last option will be getting a loan to finance our gambling journey which I'm sure will give you more problem in the end.
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It seems analysts don't think it will pass, but investors do.
I've been reading about it for a while now and about ETF's in general and nothing I've read has explained exactly why the SEC would not approve it.
Why wouldn't it pass?
The wait is almost over mate since March 11 is nearing. I cannot really make a good explanation on why it would pass or not and I just leave it up to the experts. Upon reading the news, it stated that speculators are expecting ETH will pass and based on what I noticed, the price of bitcoin is increasing therefore I conclude that this is the voice of the investors who believe it will pass. My judgement is based on the opinion of the many which shown on their actions, so I would say 100% I'm confident it will pass.
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I think the biggest mistake of Bitcoin newbies is trying to get Bitcoin by following the easy, and at the same time unproductive paths. Many users go straight to faucets or cloud mining, and I think this can cause a great loss of time and money for people who are starting.
We aren't talking about biggest mistake of newbies here mate but with the main ones. But I do consider that newbies has the same mistake by thinking that HYIP's and cloud mining as a legit one. And most of those newbies doesn't want to work harder and they just want to invest and earn bitcoins by thinking to invest there. I can vouch your statement is right because when I was a newbie I think HYIPs will give me a fortune with their big return of investment, I only woke up when I lost my investment due to some sites I invested my money with stop paying their investors. Later, I made a deep research and realize that there are a lot of warnings already from this forum about avoiding HYIPs and now I am more matured and still happy my experience brought me to what I am now.
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Gambling is like a drug, when you do it its fun, because you win money, which makes you addicted. Never gamble you hard earned money to have fun or just dont play with huge emotions ;p
and this is why we should not playing too much in a week or at least we only playing gambling a days or a few hours to avoid to become an addicting. gambling is attract many people to play the games and spend their money until their money is empty and they will come back again in tomorrow, this is why that gambling can not help us for our life and we only getting loss everything that we have, we should know about this. - Yes, Gambling is a disease and I have never seen the disease can help my life. Many people say that gambling can help their life when they win, I feel very funny because if we can win easily, gambling will never exist. Gambling is always based on greed and the player's money to survive, very hard to make money from it. Gambling never be a source of anyone's income, but i know we are the main source of its income Probably you are not doing it right that is why called it as a disease, if you would ask me, I would certainly disagree with your statement because my experience is different and I can say gambling can help me to have fun. I have been in times where I was lost and get addicted but when you realize that you are just getting greedy that's why you are in the situation, you will certainly change and do it again by this time in a right way.
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I think investing is more risky than gambling because most of investing websites are just scam, but in gambling you have better chances to make your bitcoin grow. How about you guys what do you think?
If we are going to talk about the investing, this is truly much recommended to apply because it is less risk we can make on this things. Unlike in gambling winning in the games is always relying on their luck. Yes , we can maximize the losses investing depends on what type of investments it is .For the OP's experience why would you choose scam sites ? Check out first and have a time to find a legit investments but not as easy as scam sites to earn money . There's a lot of good investments which can make your money grow like on Bitcoins try learning some and research How to trade .I hope it will help you also. In order to determine if a site or investment we are putting our money is legitimate, we need to make a deep research before sending our money to this investment. For now, the most legitimate investment is bitcoin, holding it for a longer period of time would already give you a guarantee of profit. Though there's always risk involve but bitcoin has the lesser risk compared to any other investments here in crypto.
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Bitcoin is being used widely in porn sites, gambling and drug dealing sectors. Is that why the btc made for ? I have seen a lot of members in this forum discussing about buying drugs, gambling and enjoying porn with bitcoin. Is not it a misuse of a currency ? Block chain tech is a awesome tech and btc is getting popular. I hate these misuses of precious btc. It hurts me. This will lead into unhealthy society along with unhealthy future generation.
I think what people do with their coins is just their business, as long as it is not against the law (that excludes using bitcoins for drugs). But porn or gambling? If somebody has fun with that, let him. I don't judge. And that surely is no misuse of bitcoin. That's not the main reason why some people choose bitcoin over fiat, we the supporters of bitcoin chooses it because we believe we can get benefits form it in the future. As it continue to exists we see the value increases as well and that is what we are after. Some holders uses their bitcoins in illegal transactions but there is no difference with fiat since it can also be used with the same transaction, and in fact, more people are using fiat for illegal transactions than with bitcoin holders.
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Yes you can, just change the win chance.
Whatever winning chance still there will be some house edge because these casinos need to make some profits so they will keep house edge always on. But if you're saying that even though there is a house edge you can still make a profit from the gambling then that's also wrong because in the longer run house is always going to win. So gambling should be played only for fun not for making profit. Changing odds gives the house even more edge over your chances of winning, only way is to play 50-50 then there is no house edge. And if you trying to just play for fun knowing that you'll lose at the end of the run then you're an idiot, gambling is only fun when you let your chance to decide(50-50). No, regardless of the odds you will choose, the house edge will always stays the same. You can choose the lower higher edge but that would only give you are lower payout, that's how it works and if we will fool ourselves that we have a good chance doing it, then we will surely lose more than we expected to lose. You can win in a short terms choosing a lower odds which favors you but as you go longer, you will still lose, in the end it's still the house who is at profit.
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this is the great wallet. I will try to use it after recovering my money from Coinbase. Damn it. They have stolen me 0.02 and they refuse to solve the case even I have written a support ticket. They said that they do not support my country currently and I have to wait in order to receive the fund. I hope that Bit.ac do not have this kind of trouble
That's why it's very important to diversify your deposits because we don't know what will be coming, regulations will play a vital role for any changes and there is nothing we can do but to comply with the law. I never deposit in Coinbase because I have my local exchange wallet and now I'm glad I found BIT.AC since I am planning to divide my deposits. Yeah, let's hope for the best of BIT.AC and our account in the future.
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People who succeed in becoming an investment are those that have a lot of capital. but not only that, the strategy and look is also very important referall
That's not necessarily true, there are people who starts from humble beginnings and yet they still manage to reach to the top, they made their job well through their hard work and working smart. Not having a good amount of capital is surely not a good excuse to invest and to reach your dreams in life.
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I I'm curious about the handicap of the match in tennis . In Cloudbet.com there is always a bet option for handicap in the match . Is it possible in the result of the match no one declare as handicap .
Cloudbet.com so far are facing some issues in there different community there which many of them are giving their complaint about their site. and most of the gambler over had cried out home. Which is not good, Cloudbet offers different odds in different games but what is important is to gamble in a reputable site. What I experience only in cloudbet is the slow withdrawal and as a gambler I do not like my winnings will be delayed. Don't know about other issues from other gamblers that was unresolved. Thanks for bringing up, OP deserved to now on the site he is betting with.
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Earlier I like bitcoin as innovation, fast transaction, low fee. Now nothing more.
Now too things were getting updated based upon the technology. Blockchain technology which is the key factor for bitcoin's growth is getting trials and implementation in several fields from software to core to maximize the operations in a simple manner without complications as well to eradicate flaws. This technology which is gonna rule the world is the best with bitcoin. Some people does not trust bank because they do not want to see a third party to hold their money and their important information, they feel the bank can manipulate things and that would bring risk in their lives. With blockchain, we can also keep our information private and we can transaction faster than the bank does, but more than that, what is important to us if the decentralized feature of bitcoin.
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Not really a future money, but a good base to develop something similar. Bitcoin can never fully replace fiat, I think banks and governments will make their own cryptocurrency, learning from bitcoin and developing it to be better, and more controllable.
I can see that happening in the future, they want something that can be called as their own, of course they are the government so they want to govern things. Bitcoin is decentralized so for sure they cannot control how the owners will spend their bitcoins but that will become worthless if the government will be very strict with their rules on the exchanges sites which will not favor us. The freedom of spending online should be retain, and that is what we are fighting for and I hope we will have success on it.
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I also think that the government needs time to understand that Bitcoin is a promising coin. The time will come and Bitcoin will be on a par with the dollar. Bitcoin gives us the freedom and control of banks
Bitcoin is here from 2009 and may be the government have already studied bitcoin, they also know the importance of bitcoin and that may be the reason that that they are not going to bane bitcoin. may be government are also thinking about how to turn legalize bitcoin and they must finding way for making bitcoin as legal currency. Or maybe they have already some plans laid out just in case bitcoin goes mainstream. I'm sure that it's different per country. There are countries that are not power greedy and there are some that wants to control every single thing in their nation. For example, a country like Japan definitely needs bitcoin. Japan holds a lot of bitcoin as of today and they are about to make bitcoin as a legal payment method. Tons of users will be from Japan. The people of Japan are very open to new things like this and they sure are willing to choose something better than fiat. For sure big countries who wants innovation are keeping an eye of bitcoin and most of them believe about the future potential of bitcoin. This technology would certainly help the world to connect faster through transaction without spending the kind of amount that we are currently paying now. Bitcoin will compete with big payment system and as it go more popular, their business will slowly losing it's revenue but that is alright as in return majority will be benefited and government will surely earn more money from taxes when that happens.
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We really can't quit gambling alone we need to accept the fact that we can't do it by ourselves. Seeking help with others is just a normal and it shouldn't be a thing to be ashamed of. Because if you are desperate to quit gambling you will do something for it, whether it will come from professional, friends or family.
Actually, it would be really hard to quit by ourselves, it is possible to do that. Peers would be a lot of help when quitting because you have sharings or something. The only thing that will make you quit is yourself. Your will to quit will be the deciding factor if it's possible or not. There is hardship but the potential that you can quit is always there. You really need to get some help with your peers or you need parental guidance in able to get out of gambling addiction. If you think that you know you can do it alone, it's better but it's hard to prove with ourselves that way. Of course, I've been there and done that, it's hard when you will not share your problem with the people you trust. The more you keep it by yourselves, the addiction will be worsen, time will come when you ran out of money, you can make stupid things like selling your valuable things just to have a cash to play again.
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I do not know a lot about gambling games, but as a sports bettor I tried the strategy you have mentioned in your post. Many bettors think that if they bet with low odds they can win easily, it is very wrong, because the low odds can be a trap sometimes, I have lost many times due to this strategy, but now I think it is better to bet with low amounts on different events with high odds, that should bring you profits.
If you are going to analyse things the smallest odds has the bigger chance to win the profit easily but the higest one is just a ads lol im not saying that teams that has highest odds are weak , If you are playing on parlay is much better because there you can add bet anytime you want. Just analyse first to think that teams you place bet is just a trap. play by selecting a small ods all people can do it you just throw your money that way, to play sports betting better choose the match that you Recognize both the teams who play and you can analyze Of course because there is no analyses involve and betting in low odds would not guarantee that you will win all the time. There are games that the big underdogs do upset the heavy favorites, that's one you have to consider when betting. In the end, it's all about the value odds, since you can also bet on the opposite like betting on the underdog and still make profit in the long run.
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When you guys are gambling and already doubled your bankroll, do you still play with the whole money you got or you take away half of your bankroll and start playing with your profit or not?
You walk away with all your profit and never play again. Hopefully you're up over all in that case. i like to play with a small portion of my profit, if i won a lot in row i can afford to lose something from that, and playing with your profit or your initial investment have no difference for me, i treat them both like my money Correct as long as once you win money from any games, then it will become your money. So if you want to play then remember to gamble only with a small amount each time so that you will not lose a lot of money at one shot and also don't gamble every day because even you're wasting small amount ever day over the period, it will be a huge amount so gamble carefully. If we would think it simply, we will understand that we have a losing and winning moment in gambling and then it's up to us on how to react in such situation. If you win, you should understand that you will not have that all the time so it's better to be contented and learn how to stop and same goes with losing. Everyone must be matured in thinking in order to carry out their game plan effectively!
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Ever play only once on bitcoin casino based Hongkong website( forget the name ) I'm playing a card , poker and it's difficult to win from it. 0 Guess what ? 1 btc wagered to need to complete or you got nothing That's a big requirement over their, I doubt if they can attract gamblers with that kind of expensive bets to be entitled eligible for the promotion. It is ever hard for win to cash-out bonuses on sites that offer no deposit bonus, how much more if there is a deposits required. As I remember before, clouddbet offers double your first deposit after a certain amount of bets will be reach but until now I was not able to reach the requirements, I stop playing that site, there are many issues regarding slow support.
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I want to generate a constant monthly gain. Is it possible to do this by bitcoin trading? So, can I just do this by dealing with BTC trading? Are there any people among us who can make a living by trading in BTC?
It's possible but you need to be constantly right with your prediction, and as far as I know, there's no one yet who can make a steady or fixed income in trading as the market does not move just in one trend therefore we also lose sometimes. One does not need to aim to receive a fixed income because in trading there is no limitation in terms of income, it is just making the right move at the right timing, if you know what I mean.
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I definitely agree that crypto is the future and I am already making money because of crypto, and now I am more focus on the potential growth of bitcoin and some legitimate altcoins to give me a good profit long term. I keep updating myself on the recent news both positive and negative, and the way I see it, it looks like it will really happen that it will succeed, so I am betting on it.
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