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6021  Bitcoin / Mining / Re: Help For a Beginner on: December 22, 2016, 08:36:07 AM
I would like to buy an Antminer S7 so that I can quickly generate some profit. What is everything I need to know, everything that will help, and everything that I will need to set this up. If one of these is successful I might end up buying more than one and having those running at the same time would I be able to set this up just like the first one?

If you would like more information just ask and whenever I am back online I will do my best to respond.


Thanks-JustAnotherUser420

Buying an S7 does not mean you can "quickly generate some profit".
Could you tell us a couple of things:
- what's your electricity rate.
- do you have a suitable place for the S7 (racks, cooling,... in a dry place where the noise won't bother you or your neighbors)
- do you have suitable PSU's
- do you have mining experience?
- did you figure out the customs charges and shipping charges to your country?

Whatever the electricity charge might be, gaining good profit in a short time is really a difficult task. Because at the beginning to learn about mining itself takes more than expected. For this reason its better to buy bitcoin from traders and try multiplying it with different other methods.
6022  Economy / Speculation / Re: ($820) i told you so on: December 21, 2016, 03:54:04 PM
This time price increase might take it to $850 or more. Made this prediction based upon the price movement that happened during the last year. In the past too, the same price increase took place around the days close to the year end. Also buying now seems to be effective as the price variation is continuing.
6023  Economy / Gambling discussion / Re: Why trading is better than gambling? on: December 21, 2016, 03:43:15 PM
To me gambling is a form of investing and trading is just waiting on a whale to dump on you.
You got better chances gambling then making a fortune of trading.

You understood both wrongly because gambling is not to become rich fast, but you need to spend some money to get enjoyment from these games. And in trading, you can expect some profits over the time but there also I don't think one can make a fortune unless one is very lucky. There is not short cut to becoming wealthy and only way is to work hard and smart.
I think gambling is one of the shortest way of making money if you are a lucky person and you also have some good gambling tricks and experience, as I have seen so many people in my area who are really making  good money from gambling. They are really too good in gambling and depending more on gambling as compare to trading.

That's good of making profit through gambling, but this can't be depended long for living. But with trading you can get some assured amount for living or can minimize loss, which is not possible with gambling. So based upon users need decision needs to be taken.
6024  Bitcoin / Bitcoin Discussion / Re: Effects of Banning Bitcoin ? on: December 21, 2016, 03:28:20 PM
If bitcoins is banned totally there will be chaos all over the globe as many people have saved their money as bitcoins .otherwise the litecoins price will increase a lot and people will change to it .

Such chaos won't happen in the world, if bitcoin gets banned. The reason is that, bitcoin is used by very few percentage of users around the world compared to other digital currencies and fiat used worldwide. So this won't make big impact upon world movement but affects the economy much.
6025  Other / Off-topic / Re: Bitcoin is a good investment now, because... on: December 21, 2016, 03:15:11 PM
Bitcoin is really a good investment now because for the main reason, it is profitable. We can make money online using it. It is a great opportunity that cryptocurrency investor should be grabbed on. It is getting more and more popular.

Bitcoin is quite interesting when we think of the way it grew from the scratch. Bitcoin from the beginning has been evolving as a technological advancement which has been turned as a potential investment based upon the growth of price.
6026  Bitcoin / Bitcoin Discussion / Re: Your pain and problems in the bitcoin world on: December 21, 2016, 02:51:02 PM
Nothing looks to be a big problem with bitcoin. Same way started to use by sending and receiving bitcoin and later on knew about various other earning methods and started to take part into it. Now felt happy to be a user of bitcoin and haven't found something bad about it.
6027  Economy / Gambling discussion / Re: Is there a trick dice? on: December 20, 2016, 03:49:40 PM
Actually i don't believe that there is such a thing as trick in these games

All these probably fair games works on some complicated maths, and for the average person, it's hard to predict the next result so we usually call it that we can win only lucky because we can't predict it accurately each time. People if know how the system works then they will never say that they got a working method or trick in a dice game.

Well, as quoted dice games are highly based upon luck though it has got some math behind its functioning. On a whole with gambling I believe luck is similar to trick in gambling, because however we play finally luck decides whether we will win or lose.
6028  Economy / Gambling discussion / Re: Would you gamble your (or your child's) school fund? on: December 20, 2016, 03:28:55 PM
Op has took a big risk. This happens due to addiction. I haven't been addicted similar to OP. He could have given a pause when he experienced first failure and made some other plans. Somehow he had managed to fullfil all his needs even when he is in a hard situation. He seems to be good in money management.
6029  Bitcoin / Bitcoin Discussion / Re: Why bitcoin is not supported in some countries? on: December 20, 2016, 02:52:00 PM
Those countries fear that Bitcoin will make their economy to go down. Also several taxation problems have been their, as people prefer Bitcoin to escape taxes. Possibly when things go digitalized countries will use Bitcoin's technology to make their own digital currency.
6030  Economy / Economics / Re: You should never trust banks on: December 20, 2016, 01:43:34 PM
You could not trust the government for the bank, take for example the current economic problems after the demonatization .It is really difficult to live here at the moment as it is really difficult to get money out of your own account and you must stand for hours in queue just to get to the bank and make any transaction.ATMs are literally empty all over the country and it really sucks at the moment.
Not all the opinions you were right, in my country it is not the case. Higher level of satisfaction and trust in banks is very high. This time my country is attempting to build with local funds as the use of foreign debt interest rates are very high. For me, the bank could still be trusted.

yes its true, and many country still trust banks as their using bank for their transaction and for the bank itself, they give their best service to make their customer satisfy with the banks. and this is what happen with the banks in my country too, so many people still trust banks and use the banks for their transaction.

Not only in your country, most of the country the same is happening. Centralised banks provide good service and people trust it more than the private banks. The reason is that even if something goes wrong government takes responsibility for people's money. Possibly banks continue to make banking system secure and user friendly but the charges vary and soon they'll depend our Bitcoin's backing technology.
6031  Bitcoin / Bitcoin Discussion / Re: Is this true or a speculation on: December 20, 2016, 01:32:12 PM
This has been found in all sectors not only in online websites. Another thing is that it's truly hard to differentiate the legit from the scam as legit websites were the controllers. Also this makes the scam data managing service providers not able to make perfect data to support users stay away from scams.
6032  Economy / Gambling discussion / Re: the difference between game and gamble? on: December 19, 2016, 10:35:42 AM
When something gives fun and spirit of win based upon the skills each player has, all together the entire outcome physically and mentally is a game. When such a game is depended by various viewers for a earning based upon the skills of the players and results in accordance to risk of losing as well earning high is gambling.
6033  Economy / Gambling discussion / Re: How to gamble the right way on: December 19, 2016, 09:58:55 AM
To gamble in proper way you must not be greedy. Greediness always results to failure and that is not good for anyone. You must know how to control yourself and know when to stop. If you have this discipline you can gain profit from gambling and minimize of losing from it.
Every one are beggin greed you can't say that you don't need to be greed this is the mainstream problem of gambling most of player are failure playing gambling and they always pushing them selves to play alot and yes then can't really control their self actually by stoping playing gambling.,

That's true, everyone were found greedy. Being into the gambling, users automatically gets greediness and this is the reason for addiction. Every users can overcome addiction, but some find itself a good.
6034  Economy / Gambling discussion / Re: the easiest way to make a profit from gambling? on: December 19, 2016, 09:38:04 AM
I don't see any ways to make a profit in gambling. Playing gamble games with a purpose to win is very hard you should have the luck to claim big prizes. There are a lot kind of gambling like skill-based games which I more preferred to play than luck-based games.

Profiting through gambling is possible, but it won't happen continuously as users expect to gain profit. There are skill based games, but that too needs some luck to be on the success side. Most of the time sports gambling is comparatively.
6035  Economy / Gambling discussion / Re: What gambling method are you using for Dice? on: December 19, 2016, 09:23:33 AM
Random betting method is preferred because I won't concentrate much on dice games similar to sports betting. Only at times used to spend some amount on these kind of games with the expectation of fun with at least a small profit.
6036  Economy / Gambling discussion / Re: How can gambling help you with your life? on: December 17, 2016, 05:09:33 AM
Hey! Good day i really need some answers because its about gambling in your life and other people are playing for it with heart and i just thought that how can gambling help you with your life? and do you gain something from it? does it help you to be wise or worst your attitude will change.. i need answers please!
When I am new to Bitcoin world I Just wanted to try out gambling and I think that  with Gambling I can make Some money by doubling it but When I tried gambling for the first time I won Firstly but after that I started losing my money and that was the bad moment for me and after that I never tried Gambling Again.

You are lucky you get out early, you must focus on what brings you profit now and do not gamble anymore when you are not entertain. I do gamble before when I know bitcoin and I lose big amount of money so I quit and luckily I found new ways to earn online now and I am back in gambling but with a more discipline way of doing it. I made sure I will not lose all my earnings online and have to allocate for investment.

Every user gains different experience from gambling. From the day I started gambling I found myself successful just because of luck. Later on things went opposite to my prediction which made big loss without a small amount left for further betting. I felt the mistake and learned to have a planned money management from the experience. Now I know my limits and play accordingly.
6037  Economy / Speculation / Re: Let's guess the bitcoin Price ;D on: December 17, 2016, 04:56:06 AM
My prediction is Bitcoin price in 2017 will touch $5000 and settle at $2200
let's hope that it will happen. I just hope that in 2017 will begin, bitcoin prices can penetrate the $ 1,000 barrier. if successful, then I would expect that the price of bitcoin prices reached $ 2,000 by mid-year. well, but my prediction, bitcoin prices will only reach $ 1,400 in 2017.

its need more time to reach $1,000 because the price for now is hard to gets up into $800, its up for a moment and then going down, over and over a time and we can see this on the market. but after reach $1,000, its need more power to get $2,000. i will wait and hope like you that price soon will be increase like many people prediction.

We are heading close to the year end as well the price is heading close to $800. Every year ending small variation in price happens on the increasing side. This time too expected to grow and reach $800 by the start of the year. As users quoted $1000 won't happen now, it takes long time.
6038  Economy / Economics / Re: When the dollar collapsed, gold and bitcoin which is the best alternative? on: December 17, 2016, 04:43:31 AM
Collapse of dollar is not gonna happen, unexpectedly if it happens too gold will be preferred as an alternative. The reason is the acceptance as a form of investment among the entire world. Bitcoin is very young to reach people, as we are just 2-5% of world population.
6039  Economy / Economics / Re: Most Secure Currency to Hold Funds on: December 17, 2016, 04:35:13 AM
Gold will never lose its value and is the most secured investment as of now. Bitcoin prices are not trustworthy unless you can have patience to hold for years but gold can be bought and sold at any time and the price always increases. USD too fluctuates very rarely and there is not much scope to earn profit when you cash out.

That's true gold will be stable for a long than any other commodity or investment. But from op's quote I believe he is sure that bitcoin is the best source to store values, only the fear of fluctuations make him move towards other forms of investing. I suggest to try to understand better about bitcoin and stick to it. You'll be profited and won't go down though you've lots of bitcoin.
6040  Bitcoin / Bitcoin Discussion / Re: Bitcoin ATM on: December 17, 2016, 04:24:31 AM
Here in Philippines we only have one bitcoin ATM at the moment. The bitcoin ATM here in Philippines is only located in our country's capital, Manila. Having one bitcoin ATM for me here is enough since we can all easily convert bitcoin into fiat via coins.ph web wallet app or rebit.ph service which are trusted by many of the bitcoiners here in Philippines. It will also save money if we use these services to convert our bitcoin into fiat than using bitcoin ATM.

Every country has got one or two Bitcoin ATM. I'm surprised to know this, though the people using bitcoin is quite low the spreading can be done through such services. Also recently while reading about bitcoin's existence came through a point that 800 bitcoin ATM's were functioning around the globe. If that's true which country has got large number of bitcoin ATM's.
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