Hi guys! It's often discussed here that you can't make any money from gambling, but in general it's just not true. House edge is usually quite low so the most of the money go back to players. Of course some one wins more than he bet, some one wins less and loses in the end. It's all about luck. I am sure that the most of you was lucky at least once and made some nice money. So my question goes here: How did you spend this money? Did you buy some presents for your close ones? Did you buy something for you? Did you invested it, saved it or even put back into gambling (and then made even more or lost it?)? Share your stories  ) Cheers, OshiHugo Well if losses are more than winning then if i just win i will never miss the opportunity to buy a special things for my family so that there will always be a remembrance from gambling. Like we dont have a television in the house so i will buy the latest model, great toys for the kids, Or nice clothes for the whole family. Better if i win a lum sum so that i could by a house then the remaining will be invested for bitcoins. yes i think that most of the people are facing such problem. i think most of the people lose money in gambling therefore they do not have chance to buy something form their winning, even those people who make money in gambling for next time they even invest the winning amount so as to double their investment and then profit but unfortunately they lose the winning amount as well as their own investment in gambling. |
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it may take time to socialize bitcoin to everyone so they know bitcoin and get involved in it, if this is the case, bitcoin development will continue to increase and possibly many stores or other means that provide transaction services with bitcoin.
Still we don't know when it will happen but it's a big possibility that it will come in the coming years. Maybe when bitcoin is properly established worldwide and everyone are using it, that's the time that retailer will get through it. Retailers now have still doubt about bitcoin because of it's volatility character that's why until now they don't accept bitcoin as a payment for their stocks. i think that it is depending on the number of bitcoin users and their interest. as we can see that now the interest of the bitcoin uses is increasing in bitcoin which is compelling the shopkeepers to start accepting bitcoin for shopping in their house. i am sure that as time pass the number of bitcoin users will be increasing and so more and more retailers will also start accepting bitcoin for shopping. |
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I sold it at 340 usd couple days ago,
I am just not quite sure when to get back in there,
will it drop again?
It is really challenging
No, I am sure it will not drop again, prices are falling just as the Chinese ban icos and all people panic, but this time was back to normal. ETH has a stronger support so it will continue to increase and will not be disturbed by the negative issue yes that is right that the bad new effect the market and create a little panic but now i think the market is getting back to its position therefore i think that the price of bitcoin is trading in a low price and if some one can manage to invest money there it will be a right decision, i think that the price will continue increasing tell it will reach to 8000$ because of the increasing interest of the people. |
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Such dip moments are quite often in crypto world. If you keep waiting for similar moments and postpone your investment, your friend may wave another half million on your face.
Better invest in crypto now and let the game begin.
About last day dip. It was less of real loss and more of speculative loss. Investors were just panic and sold their coins in hurry but now panic is over.
yes that is right that it will very common for bitcoin and other crypto currencies. i think if you want to invest your money in bitcoin right now then it is really a very good time because very soon you will the price will be trading above 5000$ therefor i think that if you will invest your money at that time then it is better to invest it right now because the price of bitcoin is comparatively trading in low price. |
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https://www.bloomberg.com/news/videos/b/4a0b16dd-6783-4dac-9fa0-76e923c9a774According to this link, a bloomberg news site, it was mentioned that there are two hotels in LAS Vegas that accepts bitcoin as payment for hotels, food and drinks. If you want to visit this place as a tourist or to gamble and you happened to lost your money to gambling you can always use you stored bitcoins to get a room to sleep and relax and enjoy the food and booze. It is really good to hear that there are now hotels that accepting bitcoin. I expect that all of the hotels in the world will accept bitcoin as daily payment in the near future. although in my areas still there is not a single hotel who are accepting bitcoin but hope that in future they will start accepting bitcoin when the users of bitcoin will increase in my area. in fact the shopkeepers and the hotel owner should also need to have good knowledge about bitcoin, i think if they will near about bitcoin then they will become satisfactory and will start accepting bitcoin in their shops and hotels. |
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Bitcoin is honest money Bitcoin is global and more secure than any other currency issued by central banks. I can be sent and received lot faster, no red-tape or arbitrary regulations, just pure magic. Most people don't know how government money (FIAT) is produced: Counterfeited by the government and banks. While Bitcoin users do know how Bitcoin is made. Bitcoin is used by consensus, no government obliged us to use this currency, we chose to
to me i think that the opportunities that bitcoin are giving to us are mostly likely about bitcoin, in fact bitcoin is providing opportunities to people even to those people who do not have any money to invest in bitcoin, they can also get bitcoin without any investment by providing different services in this forum. |
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For those that buy bitcoin last week when the price fell and was dump to $1,785 can now take profit as from https://coinmarketcap.com is currently $2,750. Thank God for another blessing! before I congratulate you, because bitcoin is still very cheap and total supply bitcoin is very limited to make bitcoin price becomes very expensive You have rightly said. Even if you think you made a good profit by selling them out, you might be a little wrong. You can still earn much more than you just earned by keeping them for a little longer. But as far as you are happy, things are okay. But you need to learn how to be more patient. This will help you a lot. yes that is right to say that bitcoin price has still good potential and still we have good chances to make money from it. because still the price of bitcoin will continue increasing and it is expected that the price of bitcoin will very soon reach to 7000$, therefore it will be a good decision if you still continue holding your bitcoin. Yes bitcoin has not reached to the moon yet and its on the way to reach its destination in next few years so its better to hold your coins longer to make higher money from it as this price is not the best price to sell your bitcoins as it can grow much higher in near future. i think that bitcoin still have more potential to increase therefore it is not yet reach to the moon, but hopefully that it will continue increasing for a long time and will very easily cross 8000$ at the end of 2017. therefore i think we should try to invest more and more money in bitcoin and get more profit after some years. |
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I prefer bitcoin than gold. You can buy gold with bitcoin  Bitcoin is better than gold, there are a lot of reasons to this. The price of bitcoin fluctuate very fast which attract the investors on the other hand the price of gold is stable. Now you can directly pay your bills, purchase different things and send bitcoin to other people but in case of gold you have to convert it to fiat first so bitcoin is doing the job of currency for some people and the job of commodity for others. but I think that we cannot ignore the Importance of both bitcoin as well as gold. gold is a precious element and people are using for a lot of reason, I think that still majority of people have more trust on gold as they do not know about bitcoin. I think gold is too good to keep our assets more safe. We can never ignore their existence or presence. But we can't say that bitcoin is better or more stable than gold. Gold is always better in terms of price fluctuation. Bitcoin is so volatile, might cause problems for its holders. that is right to say that we cannot ignore the importance of gold as it has a very stable price, but i think that the investors will always like to invest money in bitcoin because they will like to turn their investment double and not only to save it without any profit. in fact most of the people use gold only for saving purposes while for investment they give preference to bitcoin. |
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Bitcoin as a course or any related currency on web.
In my country we have multiple courses in computer especially programing and web developments. My course is also information technology, but i've never heard or learn about online currency as bitcoin. In present, and future studies is there any chances for inserting about it in education. In your country is it available?
It would be better for any country to adopt bitcoin in educating new generations. Instead of playing games and wasting money in surfing xxx sites.
I do not think that is going to happen, in order to understand bitcoin you need to first explain the economy and how it really works and this is something that 99% of the population do not know and are not interested to know so I doubt there is going to be a lot of interest at the moment in that course. yes currently it is not going to happen, because currently we are not using bitcoin as cash, but we are using bitcoin for investment and trading purpose but in future we are expecting that people will start using bitcoin for shopping as cash then it will become important to teach about bitcoin to children at school and college level. |
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Why it is that Bitcoin is not accepted in our country (Nigeria)?
In my country many people think that this is not real, and the government yet has not taken any serious steps to accept bitcoin as the global currency. But as I think everything faces a lot of hurdles and troubles in their beginning but with the passage of time people become familiar with that thing and been accepted by the whole community and the government as well.Still it will take a little bit time. |
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I think that this might very well be possible in the future.
A connection between a bitcoin address and a mobile number.
Not for all addresses, of course.
But I can imagine that some companies want payments from veryfied wallets for security reasons.
To them it's important to know who they are making business with.
I think it will be very useful and easy for the people if it is possible to connect bitcoin with mobile numbers, because everyone will be able to check his balance on the spot that how many bitcoin he has left in his account. So he can use his bitcoin according to his savings. And also people will be able to maintain their accounts in most decent and economic way. So I realize it will be a good step to connect bitcoin with cell numbers. |
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I still believe dollar is the strongest currency in the world. It will take a long time for bitcoin to rise up against the competition in terms of currency being used worldwide.
the price of the bitcoin is increasing and more and more people are being a part of the bitcoin for this reason bitcoin is being the most powerful currency and the strength of the bitcoin will be double till the end of the year. Bitcoin is easy and reliable than the dollar because if you want to go for a trip you can carry max amount of bitcoin in your wallet but carrying huge amount of dollar can be harmful for your security another thing is the price so saving bitcoin can help you in your future. to me i think currently bitcoin is not the strongest currency of the world but in future we can expect that it will become one of the most popular currency of the world in future. in fact the users of bitcoin are still very low, and i think that it will take a lot of time when all the people of the world will start using bitcoin, may be that it will take decades and generation. |
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Holding long term always a better option with bitcoin. Bitcoin still too young and growing so fast. We will regret that we sold our bitcoins in the future, price will rise always. So don't sell your bitcoins if you don't need money yes i am also agree that long term investment is the best investment where the chances of making money is more as compare to short term investment, because short term investment is too much risky as compare to long term investment. in short term investment you must have good experience, while in long term investment even an inexperienced person can also get good profit. |
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Of course it's possible what's the purpose of the question? It's possible for anything to lose value? Yes, anything and everything can lose value. The fact is that this is something that's simply not going to lose value anytime soon. There's really no question to ask why it could. This is just speculative questions that really do nothing more than waste the time . Obviously if you look at the history of Bitcoin it's not going down anytime soon.
yes there is no doubt that it is possible, but not so easy, because still people are too much interested in bitcoin and therefore they will continue investing money in bitcoin, i am sure that bitcoin will survive for a long long time because still a very little number of people have knowledge about bitcoin while the rest of the do not know anything about bitcoin therefore it will continue increasing from time to time. |
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No I dont think that Bitcoin will replace the Dollar soon, because till now the most part of people worldwide still using fiat and also Bitcoin isn't yet supported everywhere online and offline, and not even legalized in some countries.
yes that is right that it is not so easy to replace dollar i think that it will take some time. but still it is going to happen because still there are lot of potential to increase it price. and i am sure that it will continue for a long long time. i am sure that very soon the users of bitcoin will continue increase too much, because people are still interested in bitcoin. |
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How common is Bitcoin in Asia? Just want to know  I think this question is difficult to be answered accurately. When you say "common" it means majority. Not all countries in Asia has declared their acceptance of Bitcoin. Only some of the popular country did. We do not even know if some are already accepting Bitcoin but they are not announcing it to the world. There is no concrete basis that would tell us that Bitcoin is common in Asia though some might think it is. yes that is right that still not all countries have still accepted bitcoin, but still we can say that the users of bitcoin are available in every Asian country. and their number is continuously increasing, even in Afghanistan where they are mostly in war like situation but still there are people who have good knowledge about bitcoin and are using it. |
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I beleive that many governments and banks have changed their attitude towards Bitcoin, it's not anymore so hostile as it used to be. They figured out how they can have use of Bitcoin too and they are very well aware that it's not possible to make it illegal. They accepted it as something inevitable and they don't want the war against Bitcoin anymore.
yes that is the fact. i also think that most of the states have now a very changed attitude about bitcoin. they have simpathy with bitcoin and in fact they are thinking about how to legalize bitcoin just like japan who turn bitcoin as legal currency. i am sure that very soon so many other countries are going to turn bitcoin as legal currency. |
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To be considered the strongest currency it must have two things. First, the price should be the highest other than any currency. Second it must be steadfast in terms of its price. Since bitcoin is still volatile therefore according to second criteria its not the strongest currency.
i do do not think that still bitcoin is the strongest currency throughout the world. but if we talk about crypto world then we can say that yes bitcoin is the best currency of the crypot world. because in real world USD is still the strongest and popular currency of the world, and i think that it will even remain as number one for a long time. |
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I will define it by a virtual currency which is making a change and a mess at the same time in the global economy.
It costs now around 4k dollars and it is raising more and more, so hurry up and buy some.
to me i already explaining bitcoin in my ares to newcomers and to my friends also. in very beginning the response of the peole was not as good but now they have started taking interest there. hope that the interest of the people will continue increasing for a long time. because still only 1% people only know about bitcoin but its number is increasing continuously. |
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No. I Don't Think Cryptocurrency Will Make Real Money Disappear. Maybe In The Future , In Next 100 Years But It Is Not Going To Happen Very Soon. Just Think That Real Money Are Used Since Year 500. Every Single Person Use Money Every Second/minute/hours Etc. It Is Going To Be Impossible To Make Real Money Disappear In A Few Years. Also A Lot Of People Don't Even Know What Is That GOOGLE. How Do You Expect Them To Use Something That They Never Heard About. I Do Think Real Money Can Be Replaced But Not Very Soon.
yes currently it look like impossible but in future there are more expecting that bitcoin will become the only currency to be use for everything. in fact in present time as the users of bitcoin are low in number therefore we do not have the facilities of bitcoin to use it everywhere for buying and purchasing everything, but in future just like Brazil we also will have shops to use for shopping using bitcoin. |
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